Author: NBTC
Online crypto pundits have outlined timelines for when to expect $10 trillion asset manager BlackRock to disclose genuine paperwork to create an XRP spot exchange-traded fund (ETF). BlackRock has been reigning the ETF landscape with its new Bitcoin spot ETF. However, the fate of a U.S.-listed XRP ETF hangs in the balance as BlackRock has yet to signal any concrete plans to introduce a comparable investment product for XRP. Nonetheless, members of the XRP community persist in their demand for a share of the lucrative ETF market. They believe XRP warrants an ETF, citing regulatory clarification as a non-security following…
The London Stock Exchange (LSE) recently announced that it will begin accepting applications for Bitcoin and Ether exchange-traded notes (ETNs) in the second quarter of 2024. According to the Crypto ETN Admission Factsheet outlining the requirements for these products released by the LSE, the ETNs that will be processed for review need to be backed by Bitcoin (BTC) or Ether (ETH). The products also need to be non-leveraged and have a publicly available market price or value measure. The exact date for accepting applications was not provided by the LSE; however, no statements from major financial institutions confirm that they…
The crypto industry rejoiced today on news that Bitcoin had broken its previous record for all-time highest (ATH) price. But whether the coin actually broke that record—and what the number to beat even was in the first place—depends on who you ask. Decrypt, for example, reported the news Tuesday morning based on American crypto exchange Coinbase showing a high price above $69,324 following numerous close calls since Monday. Coinbase’s previous all-time high was listed under the $69,000 mark. Ro Shirole, Chief Commercial Officer at Saxet, a Bitcoin mining company, told Decrypt that he tracked Bitcoin’s price today by using the…
Ethereum’s biggest update in over a year, Dencun, finally arrived on Wednesday after years of planning. It’s seen as a good thing. But maybe not universally so. Proto-danksharding, the main change coming with the Dencun update (a portmanteau of two simultaneous updates: “Deneb” and “Cancun”), marks Ethereum’s first step down the road of “sharding,” a method for increasing the chain’s transaction capacity by adding new lanes to its proverbial blockchain highway. The feature is specifically aimed at reducing fees for layer 2 “rollup” networks – chains like Optimism, Arbitrum and Coinbase’s Base network that run on top of Ethereum and…
In a momentous leap forward for AI infrastructure, OKX Ventures has sealed a groundbreaking investment deal with the DePIN project. This strategic alliance not only signifies a significant milestone in the realms of AI technology and decentralized networks but also heralds a new era of innovation and collaboration. This partnership marks the convergence of OKX Ventures, a stalwart in the cryptocurrency and blockchain arena, with the DePIN project, a visionary in decentralized infrastructure. Together, they embark on a journey to revolutionize AI infrastructure by leveraging the power of decentralized networks. The infusion of resources and expertise from OKX Ventures into…
BlackRock’s new Bitcoin fund is immensely popular: the iShares Bitcoin Trust (IBIT) set a new trading day record today, attracting close to $3.8 billion in volume. Nasdaq data shows that IBIT’s trading volume was $3.75 billion—smashing the previous record of $3.3 billion set just last week. The trading actions come as Bitcoin’s price hit a new high earlier today. The biggest cryptocurrency broke above $69,000 per coin on America’s biggest crypto exchange, Coinbase—although it then dropped quickly and is now priced at $63,500, according to CoinGecko. IBIT is one of the new spot Bitcoin exchange-traded funds (ETFs) trading in the…
The Ethereum Dencun upgrade is now live, triggering excitement in the Ethereum and larger crypto communities. A key impact of this major upgrade will be to reduce fees on the network, helping to ease congestion and improve scalability. The Dencun upgrade brings on several changes, the most notable of which is the implementation of ephemeral data blobs with EIP-4844, known as “protodanksharding,” which will help cut L2 transaction fees and thus usher in a new era of Ethereum scalability. Dencun activated! First block is in! 🎉 — terence.eth (@terencechain) March 13, 2024 As the Ethereum community celebrated the much-anticipated Dencun…
Banco Do Brasil, a bank owned in its majority by the Brazilian state, and Giesecke+Devrient, are partnering to explore the possibilities of bringing offline payments to the future Brazilian CBDC, Drex. The joint initiative will include this functionality in Drex’s pilot, to extend access to financial services to Brazilians with difficult or no access to internet in secluded areas. Banco Do Brasil and Giesecke+Devrient Partner to Bring Offline Transactions to Brazilian CBDC The Brazilian central bank digital currency (CBDC) project, Drex, might become usable offline. Banco Do Brasil, a bank owned 70% by the Brazilian state, and Giesecke+Devrient, a German…
Tron founder Justin Sun has moved a total of 20 billion Shiba Inu (SHIB) to Poloniex, an exchange affiliated with his crypto empire. Spotted by crypto security and intelligence platform PeckShield, the funds are worth $544,400. The transfer comes at a time when the broader crypto ecosystem is experiencing a massive bullish rally, with Shiba Inu being a major beneficiary. Justin Sun and Shiba Inu Transfers According to the PeckShield update, the 20 billion SHIB transfer came from the “Justin Sun 4” wallet. The transaction occurred today at 08:54 (UTC). #PeckShieldAlert #JustinSun 4 -labeled address has transferrred 20T $SHIB (worth…
Switzerland-based protocol Liqwid Finance is listing a Cardano Staking exchange-traded product (ETP) on the SIX Swiss Exchange today. The product will trade under the ticker symbol “CASL” and is being issued with Issuance.Swiss AG and will be accessible to all kinds of investors from today. In an announcement, Liqwid Capital said the CASL ETP captures the performance of the underlying cryptocurrency “ADA” which is managed by the Cardano Foundation and the interest earned by staking the token. “With CASL, we want to take a new step. One that will bridge the gap between traditional and digital asset management. Until now,…