Author: NBTC

The US Securities and Exchange Commission (SEC) will make an important decision on the approval of Ethereum ETFs within the next week. However, according to Ric Edelman, President of the Digital Assets Council of Financial Professionals, the lack of a comprehensive regulatory framework for cryptocurrencies could lead to a negative outcome. Edelman, a famous investor and personal finance writer, expects another delay in the decision. “I think there will be another delay, which obviously isn’t all bad news,” he said in an interview on CNBC’s “ETF Edge” this week. However, the SEC will have two options, either an approval or…

Serenity Shield is transforming the landscape of data storage with the launch of its new global Decentralized Physical Infrastructure Network (DePIN). This innovative network kicks off with the opening of its first decentralized data center in Muscat, Oman. This marks a significant step towards reducing the world’s reliance on centralized cloud services for storing data. The Muscat facility is just the beginning, with plans to activate additional facilities in strategic locations including India, Portugal, the Netherlands, the USA, and Australia over the coming months. This global expansion is part of Serenity Shield’s mission to offer a new paradigm where individuals…

In the whirlwind of April 2024, with Bitcoin ETFs dominating headlines and halving celebration planning in full swing, the Bitcoin Policy Summit emerged as a pivotal moment for policymakers, industry leaders, and human rights champions. Against the backdrop of global discussions on Bitcoin regulation—and coinciding with a solar eclipse—the summit aimed to be a beacon of reason and a catalyst for action in the rapidly evolving world of digital assets. The Bitcoin Policy Summit boasted a remarkable turnout, with more than 45,000 individuals tuning into the livestream. Among the 500+ in-person attendees were representatives from 26 universities, 75 government officials,…

As the US Securities and Exchange Commission (SEC) nears its decision on spot Ethereum exchange-traded funds (ETFs), skepticism grows among crypto industry experts. They highlight concerns over the complex links between Ethereum (ETH) futures and spot markets and potential security issues. This skepticism dims the outlook for these ETFs’ regulatory approval. Potential SEC Roadblocks for Spot Ethereum ETFs Approval Nate Geraci, President of the ETF Store, highlighted the necessity for SEC approval on both a 19b-4 change in trading rules and an S-1 registration statement for any ETF launch. However, the process may face delays, especially in S-1 approvals, even…

On-chain analytics firm Santiment has highlighted growth in nonempty XRP wallets. In a tweet, Santiment compares the growth of nonempty wallets among top market caps in the past six months, presenting the net change in this metric within the specified time frame. The number of nonempty wallets holding XRP soared to an astounding 5.2 million within the last six months, representing 7% growth. According to XRP Ledger services, an XRP Ledger explorer, the current count for accounts on XRP Ledger is 5,183,760, which holds a massive 59,778,941,576 XRP. Out of these numbers, a meager 1,939 addresses had zero balances. 📊…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Right now, the world’s financial system operates under a veil of secrecy. Global banks currently undergo stress tests to examine whether they can withstand significant and sudden market downturns. But in some cases, regulators only require these exercises to take place once every two years—and the outcomes can be unacceptably opaque. You might also like: Regulating CEXs won’t stop bad actors: lessons from the FTX trial | Opinion It has only been 16 years since Lehman Brothers…

Spindl, a Web3 startup founded by Silicon Valley veteran Antonio Garcia Martinez, has launched what it bills as the first truly on-chain ad network. Like Web2’s off-chain ad networks, this one connects advertisers, publishers, and providers of so-called attribution services that track where customers come from. In this case, the “publishers” are providers of crypto wallets that increasingly resemble social apps, with news feeds and “discover” tabs. To be clear, the serving of ad content would occur off-chain as usual. But the advertisers would transfer funds for a campaign to a smart contract, which would release the money to the…

This week is critical for Ethereum. Because the SEC will announce its decision on spot Ethereum ETF applications. While the general consensus is that the SEC will not approve spot ETH ETFs, ETH whales have also taken action. According to Lookonchain’s post, the giant whale, which collected 120 thousand ETH at approximately $ 1,600, started selling profits. At this point, the whale, who deposited 15,000 ETH worth $46,000 million in Kraken, made a total profit of $171 million from his ETH investment. “A giant whale worth 120,874 ETH ($370.6 million) deposited 15,000 ETH ($46 million worth) on Kraken 3 hours…

While blockchain continues revolutionizing various sectors, tokenization has emerged as a method to register asset ownership securely on-chain, offering benefits such as efficient settlement, automation, transparency and smart contract functionality. Grayscale highlights MANTRA’s RWA efforts: Report In a recent report released by Grayscale Research, MANTRA (OM) has emerged as a prominent figure in the trillion dollar market of asset tokenization. We explore these trends in a new report. Tokens discussed include $AVAX $MATIC $XLM $SOL $OM $POLYX $ONDO $CFG $GFI $TRU $MPL $LINK $AXL & $BICO.Read it today: https://t.co/IrOolbzi26 (5/5) pic.twitter.com/LN3aaPcbKx — Grayscale (@Grayscale) April 26, 2024 While traditional financial…

A Russian court has sent a Finiko executive to prison for three years, after finding her guilty of helping to mastermind the biggest crypto scam in “post-Soviet history.” Per Izvestia, Liliya Nurieva, the former head of networks at Finiko, was handed a four and a half year term at a court in Vakhitovsky, Kazan on May 17. However, the court said it would consider the time she had already spent in pre-trial custody as “time served.” The judge rejected prosecutors’ requests to jail Nurieva for six and a half years. Finiko Crypto Scam: First Exec Jailed The media outlet explained…