Author: NBTC

Asset management firm Valkyrie, one of the frontrunners for the first Ethereum ETF (exchange-traded fund) in the United States, has decided to pause its purchase of Ether futures contracts until the US Securities and Exchange Commission approves an Ether futures ETF. This comes barely a day after the asset manager reportedly secured approval to offer investors exposure to Ether futures under its existing strategy ETF (BTF). SEC Might Be Behind This Action, Bloomberg Expert Speculates On Friday, September 29, Valkyrie filed a 497 with the SEC, saying that it would halt the purchase of Ether futures contracts and unwind its…

In accordance with a Sept. 22 submitting, the co-founders of the now-defunct Terra blockchain mission are alleged to have deliberate to create fraudulent transactions through the mission’s improvement. There, the Securities and Change Fee (SEC) famous that Terraform Labs partnered with a funds app known as Chai, supposedly in order that the latter app may settle transactions on-chain. The SEC claims that the leaders “faked Chai funds onto the Terraform blockchain” when Chai funds had been actually carried out historically. Whereas Terraform Labs was headed by co-founder and then-CEO Do Kwon, Chai was created and led by one other Terraform…

In the last 24 hours, the Bitcoin price experienced a significant surge of 2%, touching an intraday high of $27,320 yesterday. As of this writing, the BTC price hovered near the $27,000 mark. Why Is Bitcoin Price Up Today? Several analysts have offered insights into the recent upward trajectory. Renowned crypto specialist Skew elucidated on Twitter, “BTC Aggregate CVDs & Delta: Lower timeframe stuff but pretty clear spot absorption around the high, so $27.2K is an important price area to clear for spot buyers. Most of the push up was perp driven with spot trailing price (short liquidations & strong…

Meta, the driving pressure behind the metaverse, has unveiled a variety of groundbreaking improvements. These embrace cutting-edge artificial intelligence (AI) tools and celebrity-endorsed digital assistants. CEO Mark Zuckerberg spearheaded this announcement, which additionally featured the extremely anticipated Quest 3 digital actuality headset and state-of-the-art Ray-Ban smart glasses. On the core of those developments lies the Emu pc imaginative and prescient mannequin, poised to remodel Meta’s AI capabilities and redefine our interplay with the metaverse. The Emu AI Mannequin: A Recreation-Changer for the Metaverse Central to Meta’s metaverse technique is the Emu AI model, a formidable pc imaginative and prescient system designed to redefine the metaverse expertise.…

After sinking roughly 30% from 2023 highs, Ethereum appears to be bouncing off from the pits of the crypto winter. Looking at candlestick arrangements in the daily and weekly charts, the coin has primary support at around $1,500 and is firm, bouncing off with decent trading volume.  At spot rates, ETH is up approximately 3% following positive developments sparked by the increasing adoption of its layer-2 scaling solution and the recent news that VanEck, a player managing billions of assets, is preparing to launch an Ethereum derivatives product. ETH price on September 28| Source: ETHUSDT on Binance, TradingView Ethereum Layer-2…

In a comprehensive evaluation of global market dynamics, Bloomberg Intelligence analyst and Chartered Market Technician (CMT) Jamie Coutts has opined on the shifting sands of financial asset volatility. With bonds potentially falling out of favor and Bitcoin cementing its place as a debasement hedge, traditional portfolio models may be on the verge of a renaissance. Major Portfolio Shift Towards Bitcoin? Coutts tweeted, “It looks like we are about to see a substantial uptick in volatility across all markets, given where yields, USD, & global M2 are heading. Despite what lies ahead, there has been a big shift in the volatility…

The Ethereum price is hovering around yearly lows compared to the dominant cryptocurrency, Bitcoin. This decline, notable since September 2022, has brought ETH to trade as low as $1,594 at the time of writing. However, amid the concerns about Ethereum’s notable plunge, there are hints of a potential trend reversal, according to the latest report from crypto research firm K33 Research. Ethereum Price Declines, Underlying Reasons K33 Research, a renowned figure in the crypto analytical space, has been closely monitoring the relationship between Ethereum and Bitcoin. Their recent findings highlight a palpable drift in the market’s preferences between these two titans.…

An government order from the Biden administration may compel cloud computing firms to report extra energy utilization to the U.S. authorities, Semafor reported on Sept. 27. Primarily based on statements from nameless sources, the anticipated order would require cloud computing firms like Microsoft, Google, and Amazon to reveal when a buyer rents a certain quantity of computing energy. Semafor famous that this reporting mannequin includes treating computational energy as a nationwide useful resource. It additionally drew comparisons to different current practices, equivalent to know-your-customer insurance policies that require banks and monetary companies to observe and report transactions above a sure…

Steven Nerayoff, an active participant in Ethereum’s (ETH) Initial Coin Offering (ICO), who is believed to know where the “bodies are buried,” has made further revelations in the ongoing ETH Gate saga, which boils on whether or not the US Securities and Exchange Commission (SEC) gave Ethereum a ‘regulatory free pass.’  Lubin’s Piece Of Paper Appears In ETH Gate After being pressured by a member of the XRP community to release the dirt that he claims to have, Nerayoff released a follow-up tweet that contained transcripts from an email that Ethereum’s co-founder Joseph Lubin sent to him personally on July…

Renowned crypto analyst Rekt Capital has recently highlighted the pivotal nature of the Bitcoin price’s imminent monthly candle close. In a statement via X (formerly Twitter), he detailed that Bitcoin has tagged the $27,000 monthly level from the underside, meaning it is acting as resistance for the time being. He explained that “the upcoming monthly candle close is just around the corner. Bitcoin needs to monthly close above $27,091 for this to be a fake-breakdown. Otherwise, the breakdown will be technically confirmed.” To give this statement some historical context, the preceding month – August – saw a significant development for…