Author: NBTC

21Shares, recognized as the largest issuer of crypto exchange-traded products (ETPs) globally, has made a significant move into the UK financial market. Today, the company unveiled the listing of four new physically backed crypto-asset exchange traded notes (ETNs) on the London Stock Exchange, specifically tailored for professional investors. This strategic expansion not only broadens 21Shares’ geographical footprint but also introduces its pioneering investment products to one of the world’s most prominent financial hubs. This introduction of ETNs in the UK by 21Shares comes at a time when the Financial Conduct Authority (FCA) has updated its regulatory framework to allow professional…

Shiba Inu (SHIB) has been in bullish recovery mode for more than 24 hours. Surprisingly, the token’s whales have shifted as much as 1.5 trillion SHIB in the past 24 hours in hopes of sustaining a generally boosted uptick. At the time of writing, SHIB was changing hands for $0.00002544, up by 2.56% per data from CoinMarketCap. The meme coin project is now looking at making a reentry into the top 10 coins by market capitalization if it could sustain its growth pace. With the current data, the market capitalization is up by more than 2% to $14,943,256,400, placing it…

KuCoin has partnered with the multinational law firm A&O Shearman to handle ongoing lawsuits from the U.S. Department of Justice (DOJ) and the Commodity Futures Trading Commission (CFTC). The company has also engaged in multiple communication rounds with the agencies. Also Read: Binance and KuCoin Resume Crypto Services in India CEO Johnny Lyu has expressed optimism about the outcome of these meetings. According to blockchain reporter Colin Wu, Lyu has said that KuCoin is making huge efforts to improve its operations, focusing on security and compliance. CFTC Accuses KuCoin of Illegal Commodity Transactions In March, the CFTC filed a lawsuit…

Square Enix, the video game giant behind the Final Fantasy and Kingdom Hearts franchises, is adopting another Ethereum scaling network for its Symbiogenesis blockchain game. The publisher announced early Thursday that its next NFT character mint for the story-driven game will take place on Ethereum layer-2 network Arbitrum, shifting gears after the first wave of characters was minted on the Ethereum mainnet. “For Chapter 2, we’ve adopted Arbitrum, reducing the gas fees to about 1/1000 of the previous cost (around 1.3 yen per bid),” the official Symbiogenesis account tweeted. While the earlier character NFTs were minted on Ethereum, all other…

Just weeks after the U.S. Securities and Exchange Commission (SEC) approved spot Bitcoin exchange-traded funds (ETFs), Bitcoin soared to new highs and institutions poured over $12 billion into the cryptocurrency. But Ethereum investors may not see the same enthusiasm for their own ETFs. Analyst Predicts Ethereum ETFs Will Fail Despite SEC Approval Noelle Acheson, former head of market insights at Genesis Global Trading, suggests that several indicators point to a significant decline in institutional interest in Ethereum compared to Bitcoin. Bloomberg Intelligence ETF analyst Eric Balchunas echoes this sentiment, predicting that Ethereum ETFs will only collect 10-15% of the assets…

GameStop stock (GME) is surging once again—but Roaring Kitty is still missing in action. Coming in hot after the holiday weekend, GME surged well over 30% Tuesday on news that the video game retailer netted nearly $1 billion from a strategically timed sale of its own stock, during its unexpected rally earlier this month. That rally—during which GME nearly quadrupled in value—was spurred by the apparent online return of Keith Gill, aka Roaring Kitty, a meme stock influencer who inspired a brigade of retail investors to short squeeze GME in 2021. Earlier this month, Gill’s Twitter account suddenly began cryptically…

A prominent member of the Dogecoin community, Mishaboar, has raised a flag of caution regarding meme coins that claim to own intellectual property (IP). This advisory comes at a critical time when the market is flooded with various meme coins, each vying for investor attention. In a statement addressing the Dogecoin community, Mishaboar highlighted the risks that might be associated with meme coins that claim ownership of IPs. “Dear Dogecoin, an advice for those gambling on tokens. You cannot create or reinforce memes by owning IPs. Memes spread virally and are owned by nobody. They are decentralized, irrepressible and uncontainable,”…

According to the statement made today by Damian Williams, United States Attorney for the Southern District of New York, former FTX executive Ryan Salame was sentenced to 90 months (7.5 years) in prison. Salame was previously convicted of making illegal political contributions, defrauding the Federal Election Commission and conspiring to run an unlicensed money transmission business. The sentence was imposed by U.S. District Judge Lewis A. Kaplan. Williams said in his statement: “Salame admitted that he advanced the interests of FTX, Alameda Research, and their collaborators through an illegal political influence campaign and an unlicensed money transmission business, which helped…

Within the next decade, block rewards will only offer a tiny amount of Bitcoin. What does this mean for miners and the people who rely on this blockchain? Bitcoin halvings are as rare as World Cups and the Olympics. Why? Because they only happen every four years. In a world where it’s difficult to predict where BTC’s price will be from one day to the next, halvings offer some certainty over when new coins are going to hit the market. And given how 93% of Bitcoin’s supply has already entered circulation, here’s something else we know: they’re gonna get harder…

JPMorgan predicts that the newly approved spot Ethereum exchange-traded funds (ETFs) will likely begin trading before the November US presidential elections, citing crypto’s increasing political significance. This outlook follows the US Securities and Exchange Commission’s (SEC) unexpected approval of eight spot Ethereum ETFs on May 23, marking a notable shift from the previous skepticism surrounding these financial instruments. The SEC approved the 19b-4 forms for the Ethereum ETFs, which include offerings from VanEck, BlackRock, Grayscale, and Fidelity. However, these products still require activating their S-1 registration statements before trading can commence. JPMorgan emphasized this development, stating: “The issuers’ registration statements…