Author: NBTC
Bitcoin, one analyst notes on X, is looking healthy for the first time since the coin soared to over $70,000, printing all-time highs back in March 2024. The assessment is due to funding rates dropping to within ordinary levels, an indicator that volatility is also falling and moments of fear of missing out (FOMO) are fading. Funding Rates At “Normal Levels” As FOMO Dissipates In crypto perpetual trading, the funding rate is the fee exchanged between market participants. These fees are market-determined and are adjusted every eight hours or so. Depending on market conditions, they can be positive or negative.…
The NFT launchpad, called SORAH by Animoca Brands Japan, is slated to launch in the summer of 2024, according to Animoca Brands Japan, a strategic subsidiary of Animoca Brands. SORAH by Animoca Brands Japan will serve as an NFT launchpad platform that facilitates the sale of NFTs to support projects and creators. A selection of selected NFT projects will be included, which will receive full support for marketing initiatives and sales options. Animoca Brands Japan plans to implement loyalty programs, such as NFTs, that will allow users to take advantage of a variety of benefits associated with the use of…
BlackRock’s spot Ethereum ETF has been listed on the Depository Trust and Clearing Corporation (DTCC) with the ticker symbol $ETHA. The listing follows the US Securities and Exchange Commission’s (SEC) approval of eight spot Ethereum exchange-traded funds (ETFs). BlackRock’s spot Ethereum ETF on DTCC The SEC filings list eight Ethereum ETFs from VanEck, Fidelity, Franklin, Grayscale, Bitwise, ARK Invest & 21Shares, Invesco & Galaxy, and BlackRock’s iShares Ethereum Trust, proposed for listing on Nasdaq, NYSE Arca, and the Cboe BZX Exchange, as reported by Crypto Briefing. Although the SEC has approved the 19b-4 forms associated with these ETFs, trading will…
An alarming trend began to emerge behind the scenes of the Shiba Inu token (SHIB), with key metrics showing the activity of the big players, or whales as they are known in the crypto space, saw a dramatic drop in their values. As on-chain data from IntoTheBlock indicates, the volume of large transactions of the popular meme cryptocurrency fell 42.86% to 3.56 trillion SHIB over the past 24 hours. In monetary terms, this decline was reflected in a drop in transactions with a minimum size of $100,000 from $162.45 million to $91.87 million. In total, there were 201 such transactions…
A US regulator says it’s reached a $1.5 million settlement with a bank that caused “significant harm” to its customers. The Federal Deposit Insurance Corporation (FDIC) says Bank of England, based in England, Arkansas, deceived veterans into overpaying for services while not delivering the products they were entitled to. The regulator says one of the bank’s loan production offices (LPOs) falsely told veterans that they could skip multiple loan payments when refinancing a Department of Veterans Affairs (VA) mortgage loan, violating Section 5 of the Federal Trade Commission Act. The FDIC also says that the employees misrepresented the firm’s relationship…
Mastercard has announced a significant milestone with the launch of its Mastercard Crypto Credential, now operational with its first peer-to-peer (P2P) pilot transactions. This marks the initial real-world application of the Mastercard Crypto Credential vision, originally unveiled at the Consensus conference in 2023. Additionally, the initiative has welcomed new partners into its ecosystem, further enhancing its capabilities. The Mastercard Crypto Credential is designed to facilitate and verify interactions between consumers and businesses using blockchain networks. It ensures that users meet a set of verification standards and confirms that the recipient’s wallet supports the transferred asset. Mastercard announced the launch of…
The AggLayer is a ground-breaking cross-chain bridging protocol for Ethereum that connects several blockchains and is making waves in the cryptocurrency and blockchain space. Recently, it announced a significant development in its approach to managing and securing cross-chain transactions. It addresses a fundamental issue that plagues decentralized networks: the effective and safe swapping of assets from one protocol or network of blockchains to another. Due to the expanding prevalence of blockchain technology, the number of chains is increasing, and the interactions between them may become more intricate. This expansion requires a solid process to guarantee safe and effective transactions across…
Quick Take On March 14, Bitcoin reached its all-time high, followed by a significant drop to around $60,800. Data reveals that whales holding 1,000 or more Bitcoins offloaded approximately $8 billion worth of profits at the peak. Investors who hold 100,000 Bitcoin or more took profits for the first time since May 2023, when Bitcoin traded at roughly $27,500. Analyzing the spending pattern, they offloaded approximately $1 billion worth of profit each day from March 6 to March 12. Comparing the March 2024 all-time high (ATH) of roughly $73,500 to the April and November 2021 ATHs of approximately $63,000 and…
The quest for passive income through crypto investments requires a nuanced understanding of the market, personalized strategies, and a cautious approach to high-yield promises. It is important to understand the importance of aligning investment approaches with individual goals and risk tolerance, while navigating the decentralized finance (DeFi) sector. One DeFi Protocol Does Not Fit All In a recent interview with BeInCrypto, Lucas Kiely, CIO at Yield App, shared his insights on effective strategies for earning passive income through cryptocurrency. He emphasized the importance of aligning investment strategies with individual goals and risk tolerance. “What constitutes an ‘effective strategy’ very much…
Now that the U.S. Securities and Exchange Commission has approved eight spot Ethereum ETFs, the next crypto battle is brewing on what “approved” actually means. That was the debate raging on Polymarkets, at least, after crypto degens bet over $13 million that the SEC would approve a spot Ethereum ETF by March 31. The open wager went live on January 9 as anticipation of the SEC approval for the first Bitcoin ETFs reached a fever pitch. The fundamental question driving any potential Ethereum ETF approval was whether Ethereum is a security or a commodity—and whether Bitcoin had cleared the path…