Author: NBTC

Despite having a massive head start on the Bitcoin exchange-traded fund (ETF) market when Bitcoin ETFs were approved in January, Grayscale has seen its first-mover advantage evaporate. The firm is a leading fund manager within the crypto space, and last year won its appeal against the U.S. Securities and Exchange Commission (SEC) to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. The trust previously operated like a closed-end fund but was effectively the only such investment product on the market. When its converted fund was among several Bitcoin ETFs approved by the regulator on Jan. 10, Grayscale…

Ethereum is down more than 5% in the past 24 hours to trade below $2,600 as altcoins show weakness. The top altcoin’s dip to lows of $2,560 on Tuesday however comes amid massive whale activity, most of which has happened in the last few hours. Whales dump Ethereum On August 27, 2024, Ethereum co-founder Vitalik Buterin sent 199.9 ETH worth over $517,000 to a multi-signature wallet. Details suggest a donation to ethos, a project that says its building an Ethereum mobile operating system. While notable, this transfer pales in comparison to some of the largest whale movements seen in the…

In a recent interview, David LaValle, Global Head of ETF at Grayscale, mentioned that the topic of digital assets is no longer limited to political affiliation. According to LaValle, this change is a sign of the increasing importance of digital assets in the political arena. The crypto industry has gained recognition from Democrats and Republicans, which means it is slowly but surely gaining mainstream acceptance. Crypto Gains Bipartisan Support Amid Political Debates LaValle noted that today, digital assets are no longer confined to one party. They have become a major concern for Democrats and Republicans. He pointed out that the…

XRP gains wider exposure to over 50 markets globally as XRPL Labs forges a partnership with C14, an on-ramp solution provider. The XRPL-based wallet Xaman (formerly Xumm), developed by XRPL Labs, has integrated C14 as a new fiat-to-crypto outlet. This integration lets users purchase crypto assets on the Xahau blockchain directly within the Xaman wallet. XRP Taken to 50+ Countries As a result, users from more than 50 countries can now easily procure XRP and Xahau’s network token, XAH, using various fiat currencies. This has become possible following Xaman’s June partnership with C14. In a post on X yesterday, Xaman…

Does Paetongtarn Shinawatra’s ascent to power mark the dawn of a crypto-friendly Thailand, or is her silence on the issue a sign of caution? Table of Contents Who is the new Thailand PM, and why does it matter? Will Paetongtarn follow in her father’s crypto footsteps? Thailand’s strides toward crypto integration Will Paetongtarn keep Thailand on the crypto-friendly path? Who is the new Thailand PM, and why does it matter? Thailand has made history by electing its youngest Prime Minister ever — Paetongtarn Shinawatra, a 37-year-old political newcomer from one of the nation’s most influential and controversial families. After a…

Marathon Digital sold debt to buy bitcoin, after BTC mining profits deteriorated this year. The miner is following Michael Saylor’s footsteps in using borrowed money to add BTC to its balance sheet. Billionaire Michael Saylor famously pioneered large-scale corporate purchases of bitcoin (BTC), using borrowed money to turn his publicly traded software developer MicroStrategy (MSTR) into one of the world’s largest holders of the cryptocurrency. Now, another company – a surprising one – is following a similar strategy. It’s a bitcoin miner, a company that can theoretically snag discounted BTC through mining. The fact that it’s following Saylor’s playbook, selling…

Tether Holdings, the issuer of the world’s leading stablecoin USDT, has decided not to launch its own blockchain. Paolo Ardoino, the CEO of Tether, talked about this decision, citing an overly saturated market. Meanwhile, there is a flurry of new blockchains being introduced in the crypto ecosystem, often without clear use cases. Tether CEO Believes Blockchains Are Just Transportation Layers Paolo Ardoino, the CEO of Tether, expressed his perspective in an interview with Bloomberg. “We are very good in technology, but I think blockchains will become almost a commodity in the future. Launching a blockchain ourselves might not be the…

BlackRock’s aggressive push into Bitcoin has brought its holdings to nearly 350,000 BTC, making it the third-largest holder globally after Satoshi Nakamoto and Binance, according to on-chain data. This substantial accumulation comes as BlackRock continues to establish itself as a dominant player in the cryptocurrency space, driven by its various ETF products and growing interest from institutional investors. BlackRock Now Owns Nearly 350,000 Bitcoins BlackRock’s entry into Bitcoin has been a major turning point for the industry. Historically, BlackRock CEO Larry Fink was a vocal skeptic of Bitcoin, dismissing it as a speculative and potentially dangerous asset. However, his stance…

The ether ETF will trade under the ticker code ETHA39 as a Brazilian depositary receipt, a certificate that represents shares of foreign companies. In March, BlackRock’s iShares Bitcoin Trust ETF (IBIT) started trading on the Brazilian stock exchange. BlackRock will list its iShares Ethereum Trust (ETHA), on Brazil’s B3 exchange on Wednesday, according to local media outlet Portal do Bitcoin. The ETF will trade under the ticker code ETHA39 as a Brazilian depositary receipt (BDR), a certificate that represents shares of foreign companies traded in the South American country. “The launch of ETHA39 now allows investors to have access to…

The Bank of Korea (BoK) is possibly considering rate cuts, according to reports. Governor Rhee Chang Yong stated in a discussion that upcoming events like the United States Federal Reserve’s policy decision, Bank of Japan Governor Ueda’s testimony to Parliament, and the release of US labor data could cause significant market volatility. The report suggests that the BoK will not make any immediate changes but will closely watch the impact of these events on Korean markets before deciding. Interestingly, the Board’s policy stance currently leans towards rate cuts and monetary easing. Looking ahead to the next three-month policy discussion, four…