Author: NBTC
Plus500 (LSE: PLUS), a global multi-asset fintech group operating proprietary technology-based trading platforms, has expanded its diverse product offering by introducing a range of Spot Bitcoin (BTC) exchange-traded funds (ETFs) for customers. It follows the landmark approval of 11 Spot BTC ETFs by the US Securities and Exchange Commission (SEC) in January 2024, which gave the green light for Bitcoin ETFs to be listed in the US with major players in the financial industry such as Grayscale, BlackRock, Fidelity, Bitwise and others. The SEC approval represents a transformative development for the cryptocurrency industry as it seeks to enhance its legitimacy…
The U.S.-traded spot bitcoin ETFs added $2.4 billion worth of bitcoin over the past month. This streak follows a period of flat to negative after an initial phase of euphoria. BlackRock’s iShares Bitcoin Fund (IBIT) crosses $20 billion in assets under management. The U.S.-based spot bitcoin ETFs yesterday made it 15-consecutive sessions of net inflows, with the latest rush of money combing with a rally in the price of (BTC) to send BlackRock’s iShares Bitcoin Fund (IBIT) to more than $20 billion in assets under management for the first time. According to Bloomberg Intelligence senior ETF analyst Eric Balchunas, the…
Justin Sun, the renowned crypto entrepreneur and founder of Tron, recently made a significant move on the crypto market, prompting speculation and intrigue among the community. According to reports from Lookonchain, citing data from Arkham Intelligence, Sun withdrew a staggering $196 million worth of USDT from Huobi and deposited it into Binance. The suddenness and scale of this transfer have left many in the industry wondering about Sun’s next strategic move. For those unfamiliar with Justin Sun, he is a notable figure in the cryptocurrency space, known for founding Tron, a blockchain-based platform seeking to decentralize the internet. Sun’s influence…
What Are Atomic Swaps? The Mechanics Behind Atomic Swaps Advantages of Atomic Swaps Security and Trustlessness Decentralization Cross-Chain Compatibility Privacy Challenges and Future Prospects Wrap Up In the rapidly evolving world of cryptocurrencies, new technologies and concepts are continuously emerging, transforming the landscape of digital finance. One such innovation that has garnered significant attention is atomic swaps. But what exactly are atomic swaps, and why are they considered revolutionary in the realm of cryptocurrency trading? This article aims to provide an in-depth understanding of atomic swaps, their workings, benefits, and potential impact on the future of digital asset exchange. What…
Casey Rodarmor, the creator of the controversial Ordinals and Runes protocols on Bitcoin, recently discussed his motivations and the impact of his work on the Bitcoin network at Consensus 2024 in Austin, Texas. Rodarmor claims that the objective of his work with Ordinals and Runes is to ensure that Bitcoin remains secure and that its applications are also secure, allowing individuals to transact and use the network as they see fit, outside of state authority and censorship. “I think the only thing that’s interesting about any sort of blockchain is the extent to which it can assist the government,” Rodarmor…
In a market dominated by optimism surrounding the price spikes of Bitcoin (BTC) and Ethereum (ETH), the non-fungible token (NFT) market has seen a decline in popularity. NFTs, which include digital artwork and collectibles recorded on blockchains, have recently experienced a notable loss of appeal. According to a Bloomberg report, Google searches for NFTs have reached their lowest levels since 2021, when these tokens first gained mainstream attention. Popular NFT Collections Experience Steep Price Declines A significant drop in sales further highlights the NFT market’s struggles. Researcher DappRadar reveals that NFT sales have decreased by more than six percent to…
The upcoming IOTA EVM launch, supported by Shimmer’s infrastructure, represents a significant leap forward in blockchain technology. Recent infrastructure upgrades and new tools promise to enhance the functionality and adoption of the IOTA EVM. The IOTA technical team has been making substantial strides in their infrastructure, crucial for fostering growth and innovation within the ecosystem. Shimmer, as a standalone Layer 1 network, has been instrumental in driving IOTA’s technological evolution by being the first to test, release, and validate major protocol upgrades. Following the success of ShimmerEVM, the impending release of the IOTA EVM is set to revolutionize the network.…
Beleaguered crypto exchange Zipmex has lost its business license after the Thai authorities found that the exchange had repeatedly failed to comply with orders. Thai cryptocurrency exchange Zipmex has lost its business license after the Securities and Exchange Commission (SEC) found that the exchange had repeatedly failed to comply with regulatory orders. In a Jun. 11 press release, the SEC announced that Zipmex’s license revocation followed concerns over the company’s financial instability and inadequate management. Despite several directives to rectify these issues, Zipmex failed to comply within the given timeframe, prompting the SEC to recommend that Thailand’s Ministry of Finance…
Post-halving, Bitcoin (BTC) miners face a squeeze as rewards drop and costs soar. Can innovative strategies and market dynamics help them stay profitable? The Bitcoin halving is an event built into the Bitcoin protocol that occurs approximately every four years. It results in the reduction in the reward miners receive for adding new blocks to the blockchain. The latest halving, which took place in April 2024, slashed the block reward from 6.25 BTC to 3.125 BTC. This event, central to Bitcoin’s deflationary nature, impacts the supply of new Bitcoins and reverberates throughout the Bitcoin mining industry and the broader crypto…
A wave of activity by large cryptocurrency investors, known as crypto whales, has flooded major exchanges with millions of dollars worth of Ethereum (ETH), Uniswap (UNI), and Space ID (ID). This surge in transactions has captured the attention of the crypto market, raising questions about the motives behind these movements and their potential impact on prices. Whale Activity Surges: Crypto Assets Flood Exchanges Since April 16, 2024, cryptocurrency analysts have tracked several significant transfers. According to on-chain data, DWF Labs moved 9.2 million ID tokens worth $6.69 million to the crypto exchange – OKX. After this transaction, the wallets of…