Author: NBTC
The Arizona state Senate has advanced a resolution that would have lawmakers and state retirement fund managers look into allocating a portion of portfolios to bitcoin ETFs. The concurrent resolution, introduced less than a month after the US Securities and Exchange Commission allowed bitcoin ETFs to start trading, seeks to “encourage” the Arizona State Retirement System (ASRS) and the Public Safety Personnel Retirement System (PSPRS) to monitor these new investment vehicles and consider adding exposure, according to a fact sheet. The state Senate passed the resolution in a 16-13 vote late last month. Senators followed party lines, with all Democrats…
The Bitcoin ETF launch in January has sent the price of BTC flying over the past 50 days, but companies that mine the top cryptocurrency have not been nearly as jubilant as the people who invest in it. With one notable exception. Shares in several public mining firms are trading flat or down in 2024 so far. Riot Platforms (RIOT) has fallen 6.2%, and Iris Energy (IREN) has sunk 11%. While mining giants like Bitfarms (BITF) and Marathon Digital (MARA) have appreciated, it’s only by a modest 5% and 17% respectively. Meanwhile, the price of BTC is up 42% year-to-date,…
Avail’s Goldberg testnet has successfully processed over 100 million transactions, marking a pivotal achievement in its preparation for a mainnet launch. 100 million transactions on the Goldberg testnet!!! Do you see that?! Shoutout to @subscan_io for building Avail’s newest explorer 🫶 You can see it for yourself here – https://t.co/dD2DiTrLtQ https://t.co/hZ7HcobKR9 — Avail | ✈️ ETH Denver (@AvailProject) March 1, 2024 According to the latest social media post by Avail, the Avail DA Goldberg testnet successfully processed over 100 million transactions. Based on the message shared with Cryptonews.com, the 100 million milestone is a “highly reliable indicator that the mainnet…
This past weekend marked the end of the three-day-long EthDenver conference, where thousands of developers, investors, enthusiasts, and thought leaders from around the globe attended to support the Ethereum community.—Antonio Juliano, CEO and Founder of dYdX Trading, the world’s leading decentralized exchange for cryptocurrencies, attended and spoke on The Evolution of the DEX Space panel. Alongside Will Warren, Co-founder and Co-CEO at 0x and Matcha. Antonio discussed the pivotal role of decentralized exchanges (DEXs) as the infrastructure and backbone for routing value across Web3.DEXs allow users to trade in a permissionless and peer-to-peer manner, revolutionizing the way that users trade…
The U.S. Internal Revenue Service (IRS) has hired two former digital asset industry executives to beef up its ‘crypto’ tax expertise. The IRS recently announced the hiring of Sulolit “Raj” Mukherjee, JD, and Seth Wilks, CPA, to ramp up the agency’s efforts in “building service, reporting, compliance, and enforcement programs.” Mukherjee joins the tax agency after serving in tax compliance for financial institutions for over a decade. He most recently served as the global head of tax at ConsenSys, the New York-based incubator headed by Ethereum (NASDAQ: ETH) co-founder Joe Lubin. Previously, he served with Coinbase (NASDAQ: COIN) and Binance.US,…
Ethereum is approaching its all-time high aggressively, with the price on an almost vertical rise. Yet, based on both technical and sentiment analysis, a correction in the short term is looking probable. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been blowing past several resistance levels since rebounding from the $2,200 level at the beginning of February. The market is currently testing the $3,500 resistance level and is yet to break to the upside definitively. Meanwhile, the Relative Strength Index demonstrates a clear overbought signal pointing to a potential consolidation or pullback in the…
MicroStrategy saw its share plunge over 15% during a volatile trading session on Tuesday. The share plunge came a day after it had announced plans to buy more of the token using the money raised from the sale of $600 million in convertible senior notes. The announcement had sent the shares of the company up in the last trading session. However, the effect of the update seems to be fading now. MicroStrategy Sees Shares Fall Earlier in the trade, MicroStrategy shares fell over 7%. With a continued fall, the stock has toppled over 16%. The move comes in tandem with…
U.S.-based Bitcoin mining behemoth Marathon Digital has published its quarterly earnings report and has beaten analyst predictions by a good margin. Paradoxically, Marathon’s stock price dipped shortly after the announcement. This is, however, likely a temporary blip. Stunning Financial Results Although Marathon Digital was not necessarily in trouble last year, the crypto winter definitely put a bit of a damper on its plans, as did the SEC, who targeted the firm among a slew of other companies. However, Marathon Digital has since recovered. Earlier this year, it reported that its Bitcoin production rate had tripled when compared to 2022. Since…
Binance Coin started its journey in 2017 and quickly became a popular cryptocurrency in the crypto market, offering users lower trading fees on the platform. Binance launched its native blockchain in 2019, known as Binance Chain, which functions similarly to other digital assets in the market. Binance Coin’s use cases align with its growth, serving as a vehicle to raise funds for the crypto exchange. Sports investments have become more accessible to investors around the world and have emerged as a robust tool for advancing brand visibility. One of the key advantages of sports investments is the rising revenue and…
Binance, a leading cryptocurrency exchange platform, has recently made a significant announcement aimed at diversifying trading options for its users. The platform is set to introduce two new perpetual contracts, namely MYROUSDT and 1000PEPEUSDC, both offering leverage of up to 50x. These contracts are scheduled to launch on March 5, 2024, for MYROUSDT, followed by the introduction of 1000PEPEUSDC on March 7, 2024. In addition to unveiling the launch dates, Binance has provided detailed information regarding the specifications of these perpetual contracts. Traders can expect key details such as tick size, funding rates, leverage limits, and trading hours to be…