Author: NBTC
The Bitcoin price has seen a notable fluctuation, briefly surpassing $72,500 on Monday before dipping below the $70,000 threshold on Tuesday. This movement can be attributed to a risk-off sentiment among investors, largely in anticipation of the latest US Consumer Price Index (CPI) figures today. Following a low of $68,200 on Tuesday, Bitcoin managed a slight recovery, stabilizing above $69,400 at the time of reporting. Concurrently, the Hong Kong Securities and Futures Commission (SFC) has updated its registry of virtual asset management funds early on April 10. Notably, the SFC is poised to announce the inaugural list of four Bitcoin…
Samson Mow, a vocal Bitcoin supporter and boss of the Bitcoin-focused company Jan3, continues to criticize Ethereum and all other altcoins, praising Bitcoin as the only worthy digital currency. This time, he took to his X (formerly known as Twitter) handle to talk about the recently approved spot Ethereum ETFs and bash them too. “S-coins do not help Bitcoin” The topic of Mow’s tweet published earlier today was “s-coins” as Bitcoin maximalists like to refer to altcoins, showing there disapproval. Commenting on the spot Ethereum ETF approval that took place last week, Samson Mow said that “s-coins do not help…
Tron and Binance Smart Chain (BSC) are active, with a high number of active addresses transferring stablecoins. However, a closer look at the dollar volumes transferred tells a different story, where Solana and Ethereum emerge as leaders. It suggests that while there might be fewer individual transactions on Solana compared to Tron or BSC, the transactions that are occurring are of much higher value. This can be interpreted as an indication that Solana’s network is currently favored by larger investors, or “whales,” who are moving substantial amounts of stablecoins. Interesting that while Tron and BSC lead in active addresses for…
Clearstream, DTCC, and Euroclear, three of the world’s largest central securities depositories (CSDs) and central counterparties (CCPs), in collaboration with Boston Consulting Group (BCG), unveiled a comprehensive digital assets framework yesterday. This framework is designed to enhance the integration and efficiency of digital securities across financial markets. BCG has previously projected the digital assets sector could grow to a staggering $16 trillion by 2030, highlighting the significant economic potential of this initiative. “We need industry-wide collaboration and unified standards to overcome current challenges and drive the seamless integration of #digitalassets in the global financial ecosystem.” https://t.co/EMLGyvjFtX — Quant (@quant_network) May…
Cryptocurrency analysis firm QCP Capital evaluated the situation of Bitcoin (BTC) after a decline of approximately 4%. The firm noted that BTC fell below $69,000 and Ethereum (ETH) fell below $3,500 due to a relatively large outflow of -$223.8 million for BTC spot ETFs on Monday. The firm continues to monitor buyers of long-term BTC purchase contracts, particularly large daily purchases of $200k contracts for March 2025. QCP Capital has also begun monitoring market positioning for the upcoming ETH spot ETF, with a May 23 filing deadline set. The firm noticed signs similar to those seen prior to BTC spot…
The Shiba Inu (SHIB) community is buzzing with anticipation as Shiba Inu team member Lucie drops tantalizing hints about what’s in store for Shibarium, Shiba Inu’s layer-2 ecosystem. With 2024 currently ongoing and 2025 on the horizon, excitement builds around innovative features and groundbreaking developments slated for Shibarium soon. What’s coming in 2024/2025 for #Shibarium?- #Shibaswap (version 1.75 followed by 2.0)- #Shibahub- @treatsforShib- #ShibaEternity P2E- @mvshib- @K9finance Liquid Staking- Layer 3 TestnetAdditionally, fully functional DAOs will be available for all tokens within the Shiba… pic.twitter.com/iICIaoi11Z — 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼♀️ (@LucieSHIB) April 24, 2024 Among the teased developments for Shibarium…
U.S. Sen. Elizabeth Warren (D-Mass.) is demanding to know how the Biden administration is doing in throttling the use of cryptocurrencies in the trafficking of fentanyl, according to a letter she and another lawmaker sent to the White House Office of National Drug Control Policy and the Drug Enforcement Administration (DEA).Warren and Sen. Bill Cassidy (R-La.) asked for updates on “actions to crack down on drug traffickers’ exploitation of crypto to grow their business and launder their ill-gotten gains,” the letter said, arguing that “cryptocurrency has played an increasingly prominent role in the global fentanyl trade over the past decade,…
Bitcoin’s price movements on April 10, 2024, showcased a day of significant volatility, with the cryptocurrency’s value swinging between $68,207 and $70,917. Oscillators and moving averages paint a complex picture of neutrality and cautious selling signals, amidst a backdrop of a $1.35 trillion market capitalization. Bitcoin’s stance of neutrality and period of consolidation precede the release of the U.S. Consumer Price Index (CPI) report. Bitcoin As bitcoin (BTC) hovers around $69,028, its 24-hour trade volume reaches $32.92 billion, highlighting a day filled with trading fervor. The broad range of intraday prices reflects a market in search of direction, underpinned by…
Vitalik Buterin, the visionary co-founder of Ethereum (ETH), recently highlighted the deep connection between culture and the technological advancements within the Ethereum ecosystem. He emphasized the significance of underlying cultural dynamics in shaping Ethereum’s growth. Known for its pioneering role in blockchain and smart contracts, Ethereum has evolved to foster a diverse community. Here, mainly three subcultures play a pivotal role in the development. Vitalik Buterin Talks About Three Ethereum Subcultures Buterin pointed out that the split between Ethereum and Ethereum Classic illustrates how cultural differences can define technological paths. Initially identical in technology, their cultural divergence led them down…
Regulatory clarity should encourage banks to enter the stablecoin market, S&P said. Tether could see its dominance wane if the stablecoin bill is approved, the report said. New digital asset custody providers could emerge leading to greater competition. Regulatory clarity in the U.S. should inspire banks from the traditional financial world to enter the stablecoin market and may also reduce the dominance of Tether’s USDT, S&P Global Ratings said in a report on Wednesday.A stablecoin is a type of cryptocurrency that serves as bedrock in crypto markets. U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) introduced a new stablecoin…