Author: NBTC

The upward momentum in the Bitcoin and cryptocurrency markets has also had a positive impact on spot Bitcoin ETFs, while ETF inflows have accelerated since last week. With no signs of stopping anytime soon, spot Bitcoin ETFs are hitting records. On Monday, BlackRock’s iShares BTC ETF (IBIT) reached a milestone, bringing its total inflows since inception to over $23 billion. This achievement puts IBIT among the top three ETFs by inflows launched in 2024. BlackRock is the Leader Again in Daily Entries! On Monday, October 21, total inflows stood at $294 million, with BlackRock’s IBIT alone taking the majority of…

Charles Schwab Corporation plans to offer spot cryptocurrency trading once regulations become clearer under the Trump administration, incoming CEO Rick Wurster announced Thursday, according to a report by Paige Smith for Bloomberg. “We will get into spot crypto when the regulatory environment changes, and we do anticipate that it will change, and we’re getting ready for that eventuality,” he said in a Bloomberg Radio interview. Competition for retail investors has grown stronger since the pandemic and accelerated after the presidential election. The surge in market activity has pushed both established firms and newcomers to expand their services. While Schwab competes…

The Hawk Tuah (HAWK) meme coin continues to surprise in the crypto world, posting an impressive 47% price increase in October and currently trading at $0.00003711. While this rally may be enticing, potential investors should remember that HAWK, like its counterpart HAWKTUAH, is a meme coin—highly speculative, driven more by internet culture than by any underlying fundamentals. Despite its recent gains, HAWK’s market cap is a modest $35,730, and its 24-hour trading volume is up to $140.79, a 260.36% surge in daily activity. This spike in volume, while eye-catching, doesn’t signal stability. In fact, HAWK’s current market position is a…

The Financial Industry Regulatory Authority (FINRA) has introduced a comprehensive section on its website dedicated to cryptocurrency. This new resource provides detailed information on the classification of crypto assets, the risks involved in trading them, and relevant investor protections. Classifications of Crypto Assets One key feature of the new FINRA section is a focus on the legal status of crypto assets. FINRA explains that, depending on applicable laws, certain cryptocurrencies may qualify as securities, commodities, or other asset types. While the term “crypto asset security” is not used explicitly, except in reference to a 2023 SEC Investor Alert, the authority…

Samson Mow, CEO at JAN3, has addressed the recent interview of MicroStrategy founder Michael Saylor, in which the latter said he did not believe that BTC can be confiscated by the US government. Saylor also spoke unfavorably of OG Bitcoiners and all those who prefer to hold their private keys to Bitcoin wallets for fear that BTC stored with private custodians may be confiscated one day similarly to gold in the 1930s. Gold confiscated in 1933 “voluntarily” Mow referred to the executive order 6102 issued by US president Franklin D. Roosevelt in 1933 in order to limit private ownership of…

Believers in Ethereum (ETH) could be on the verge of an opportunity, according to Ki Young Ju, the founder and chief executive of the digital asset analytics firm CryptoQuant. Young Ju tells his 370,400 followers on the social media platform X that the ETH/Bitcoin (BTC) Net Unrealized Profit/Loss level just hit a four-year low. “Despite Ethereum’s underperformance against Bitcoin, ETH holders endure losses without realizing them. This mirrors levels from its early 2020 bottom. This might be an opportunity for ETH believers.” Source: Ki Young Ju/X Young Ju also notes that ETH is becoming less correlated with BTC. “The 180-day…

One of the more impressive runs higher ever seen in stocks took at least a brief breather on Thursday, with Bitcoin Development Company MicroStrategy (MSTR) sporting a double-digit percentage loss even as the price of bitcoin (BTC) surged to a new record high just shy of $100,000. At one point lower by more than 20%, MicroStrategy closed the session down 16.2%. The move isn’t much more than a large blip on the longer-term chart, with shares still higher by more than five-fold for 2024 and ahead nearly eight times from its level of one year ago. “MicroStrategy’s [valuation] has completely…

Gary Gensler, who took the helm of the U.S. Securities and Exchange Commission (SEC) in April 2021, has been one of the most polarizing figures in financial regulation in recent years. His tenure has been marked by bold reforms, fierce debates, and an unrelenting focus on cryptocurrencies. While he has won praise for his efforts to modernize financial markets and protect investors, his approach to regulating the crypto sector has drawn sharp criticism. This comes amid recent speculation about his resignation. A Legacy of Modernizing Financial Regulation From the outset, Gensler aimed to bring sweeping changes to the SEC, focusing…

“It’s mostly paranoid crypto anarchists that say that.” With these eight words, issued on the “Markets with Madison” podcast this week, Microstrategy CEO Michael Saylor evoked outrage from just about everyone in Bitcoin. Shinobi called him a “spook.” Carvalho was confused. Svetski claimed this will start the next Fork Wars. Put simply, Saylor said a bad thing. He broke the taboo. He said you’re better off trusting your Bitcoin in state custody than holding your own private keys, then went further, calling out all of the businesses engaged in custody projects by calling them effectively bullshit salesmen. It was, shall…

Ethereum price prediction and analysis shows a mixed picture with a 1.1% decline over 24 hours and a 2.3% drop in the past week. Meanwwhile maintaining stronger gains of 17.8% over two weeks and 53.2% yearly. Analysts are divided on ETH’s potential to outperform Bitcoin in the coming market cycle. With Ethereum price prediction ranging from significant outperformance to continued relative decline. Ethereum likely to outperform Bitcoin According to analyst Ali’s Ethereum price prediction, historical market cycles consistently feature a phase where Ethereum outperforms Bitcoin. This phenomenon is yet to occur in the current cycle. #Ethereum $ETH is about to…