Author: NBTC
The Securities and Exchange Commission delayed a decision on letting Cboe list and trade options on bitcoin ETFs. Cboe first applied to list and trade options on the newly launched bitcoin ETFs back in January. The SEC said on Wednesday it’s delaying a decision on the proposed rule change until late April. Options can be used to hedge risk, allowing a party to enter into a contract where they can buy or sell a financial product at a certain price in a specified window of time. Read more: Options on bitcoin ETFs could come soon, offering hedging tool for institutions…
Core Foundation, which aims to create a secure and decentralized ecosystem for dApps, is launching a non-fungible token (NFT) marketplace. Announced Monday, the foundation will also embark an NFT collection drop for the community, dubbed – Core Journey. The NFT collection is focused to bring stronger utility to the Core chain, said Core contributor Rich Rines. Core blockchain leverages the advantages of Bitcoin and the network is also EVM (Ethereum Virtual Machine) compatible so that it can run Ethereum smart contracts and dApps. The announcement comes days after the foundation launched a $5 million innovation fund to promote India’s Web3…
The world’s second-largest cryptocurrency by market cap, Ethereum (ETH) ,surged past $4,000 on Friday, March 8. However, the ETH crypto faced a minor pullback. At press time, the Ethereum price was trading at $3,933 with a market cap of $472 billion. Ethereum (ETH) Price To See All-Time High Soon CrediBULL crypto, a prominent crypto analyst, has weighed in on the current market dynamics, particularly focusing on Ethereum (ETH) following Bitcoin’s recent achievement of tagging its previous all-time high (ATH). According to the analyst, there’s widespread anticipation within the crypto community that Ethereum is the next in line to surge, given…
Crypto traders looking to turn a quick profit are hunting for the best meme coins to buy, but they face a dilemma. To they buy meme coins on the Solana (SOL) blockchain, or on the Ethereum (ETH) blockchain? Both blockchains have their pros and cons. Solana has very low fees and fast transactions times. Ethereum, meanwhile, suffers from high fees and slower transactions. However, Ethereum is still the home to the bulk of on-chain liquidity. As per DeFi Llama, its trade value locked (TVL) was last close to $150 billion. Solana’s TVL, meanwhile, was last just over $8 billion on…
Upbit, South Korea’s largest cryptocurrency exchange, started the day with the altcoin delist announcement. At this point, Upbit announced that trading support for the altcoin named PlayDapp (PDA) will end at 14:00 (KST) on March 25, 2024 (Monday). “We would like to inform you that transaction support for PlayDapp (PDA) has ended. Trading support for PlayDAP (PDA) will be discontinued by member companies of the Digital Asset Exchange Association (DAXA). In order to protect investors, DAXA member companies will be able to take measures such as calling for investment caution/cautiousness, setting precautionary/warning clauses, and terminating trading support. PDA transaction support…
Today, Gnosis made headlines by successfully implementing the Dencun hard fork on its Gnosis Chain, a Layer-1 blockchain fully compatible with Ethereum’s Virtual Machine (EVM).— Notably, this deployment occurred two days prior to the scheduled upgrade on the Ethereum network. The move is poised to revolutionize data efficiency and affordability within the Gnosis ecosystem, paving the way for the development of cost-effective Layer-2 solutions similar to those on Ethereum.What sets this upgrade apart is that Gnosis Chain becomes only the second blockchain, alongside Ethereum, to integrate Dencun. This underscores Gnosis’ commitment to closely aligning with Ethereum’s advancements since its inception…
BlockFi and FTX have reached a tentative agreement to settle all litigation and disputes, according to a Wednesday afternoon court filing. The settlement, which also involves affiliated debtors, remains subject to court approval. But the announcement represents a significant development in a long-running legal process that began after FTX’s collapse in 2022. BlockFi, as part of the plan, will receive $185.2 million as a customer claim against the FTX debtors. The bankrupt lender will receive a separate claim of $689 million against Alameda, which accounts for former loans. The total works out to around $900 million, though only $250 million…
A prominent market veteran has identified a key Bitcoin (BTC) support level that is pivotal in the asset’s defense against a collapse to the $60,600 price territory. Bitcoin has leveraged a confluence of increased demand from the spot Bitcoin ETFs and bullish sentiments to print a massive market run. The crypto asset rallied 74% from a price of $39,541 on Jan. 23 to an all-time high of $69,098 on March 5. However, upon breaching the $69,000 territory, Bitcoin recorded a massive retracement that saw it collapse below $60,000. The asset has regained most of the losses from this sudden retracement,…
Nifty co-founder Nick O’Neill, aka NFT Nick, created the memetic catchphrase ‘choose rich’ to assert his wealth and attract attention from money-seeking social media users. Unfortunately for him, it looks to have backfired as, like many aspirationally rich influencers, NFT Nick’s wealth is mostly self-described. In a comical turn of events, Crypto Twitter discovered O’Neill’s countless exaggerations and lies about his wealth. In the process, users have co-opted the catchphrase and inverted its meaning entirely. For context, the phrase ‘choose rich’ is a reference to the film The Wolf of Wall Street, in which Leonardo DiCaprio — speaking as disgraced…
Ethereum founder Vitalik Buterin declared that the blockchain ecosystem is already prepared to confront potential quantum attacks through a “recovery fork.” In a recent blog post, Buterin shared insights on the possible availability of quantum computers in the near future, which poses potential risks as hackers would have access to the devices. While such a scenario poses the risk of users losing their funds through unauthorized access and exploits, Buterin asserted that Ethereum is immune to it. He stated, “I argue that actually, we are already well-positioned to make a pretty simple recovery fork to deal with such a situation.”…