Author: NBTC
Recent market dynamics have again brought Ethereum’s supply into the spotlight and reiterated concerns about its inflationary trend. Earlier this year, Ethereum reached a significant milestone in its circulating supply, surpassing 120 million ETH and the number continues to grow. Unlike other prominent cryptocurrencies such as Bitcoin and Cardano, which have fixed supply caps, Ethereum was designed with an unlimited supply of tokens. This fundamental difference makes Ethereum an inherently inflationary asset, one that has a continuously increasing supply. On-chain data from Ultrasound.money has shed light on the growing supply of ETH in recent months amidst notable price fluctuations for…
zkMe Technology Limited has finalized a $4 million seed funding round led by Multicoin Capital, with participation from OKX Ventures and Robot Ventures. The funds will support the development of zkMe Network, a decentralized identity verification layer for Web3 applications, expected to launch later this year, according to the company’s release. Amid increased regulatory scrutiny, particularly from the EU’s upcoming MiCA regulations and the Financial Action Task Force, zkMe aims to provide a compliance solution for Web3 developers. You might also like: The Democrats are ignoring crypto — is that a good thing? Privacy and security The zkMe Network will…
Polkadot recently released its treasury report for the first half of 2024. While some of the figures have been widely discussed, there are a few interesting insights that might have slipped under the radar. Here are four takeaways that we think are among the most interesting… Polkadot is Owed $3.7M by Ecosystem Projects Polkadot has provided loans to various ecosystem projects, totaling ~584,000 DOT, which is equivalent to approximately $3.7 million. The vast majority of this figure is owed by two projects in particular: Bifrost – ~$3.42 million Pendulum – ~$320,000 These loans have a one-year maturity period, which means…
The cryptocurrency markets are experiencing significant fluctuations influenced by the looming US elections. With the elections drawing near in November, volatility is expected to escalate. A well-known Canadian investor, however, believes substantial shifts in the US cryptocurrency landscape will happen regardless of the election outcome. What is the Status of US Crypto Regulations? A year ago, discussions were ongoing among Representatives, Senators, and the White House about crypto regulations. However, election dynamics have shifted the focus away from this agenda, leaving the matter to the next administration. Kevin O’Leary asserts that establishing a regulatory framework for cryptocurrencies will be prioritized…
Despite reaching $60,000, Bitcoin has not exceeded its 2021 all-time high Altcoins have suffered losses, with some dropping 60% to 90%, largely due to their smaller market capitalizations. The cryptocurrency market has been in a correction since April, characterized by short recoveries that haven’t led to sustained growth. Bitcoin, the world’s largest digital currency, has surged to the $60,000 mark. However, it hasn’t reached its all-time high (ATH) from 2021. Compared with the fall in other cryptocurrencies, some altcoins have recorded a 60% to 90% fall. The Stagnation at the $60K Mark The recent market movements have raised questions among…
BlackRock has now surpassed the Ethereum Foundation in terms of Ethereum [ETH] holdings, reinforcing its influential position in the market. The firm’s ETHA product is approaching a significant milestone, with net inflows poised to hit the $1 billion mark soon. Ryan Lee, Chief Analyst at Bitget Research, posits that the current low ETH gas fees could indicate a price bottom, suggesting a potential mid-term rebound. BlackRock’s dominance in the ETH market signals promising mid-term prospects for the cryptocurrency, with major inflows and strategic positioning. BlackRock Surpasses Ethereum Foundation in ETH Holdings In a notable development, BlackRock has exceeded the Ethereum…
In a recent interview, Sunny Lu, CEO and Founder of VeChain, explained the innovative platform’s real-world use as it transforms businesses using blockchain. By tracking products, optimizing supply chains, and promoting transparency, VeChain solidifies its position as a suitable blockchain that helps businesses track and manage their supply. In a recent interview, Sunny Lu, CEO and founder of VeChain, a blockchain platform that helps businesses track and manage their supply, discussed how VeChain’s blockchain technology is revolutionizing luxury goods, food safety, and sustainability. According to Sunny, Vechain’s sole purpose is to mitigate the gap between traditional business practices and the…
Tyler Winklevoss, co-founder of crypto exchange Gemini, has called on the 50 million American cryptocurrency owners to unite and press Vice President Kamala Harris to fire U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler before the upcoming presidential election in November. He believes this action could end the “war on crypto” and make the crypto issue bipartisan. Gemini Co-founder Urges Crypto Investors to Pressure VP Kamala Harris to Fire Gary Gensler Tyler Winklevoss, co-founder of cryptocurrency exchange Gemini, took to social media platform X on Friday to highlight the political power held by 50 million Americans who own cryptocurrency.…
Jamie Coutts, chief crypto analyst at Realvision, has issued a bullish forecast for Bitcoin, suggesting that BTC is on the verge of a significant rally. Coutts’ optimism stems from his observation that central banks around the world are easing monetary policy and injecting liquidity into the global economy. He cites a composite global liquidity momentum model that has recently signaled a shift to a bullish regime, similar to the conditions that preceded a 75% Bitcoin rally in late 2023 and early 2024. In recent weeks, the central banks of Japan and China have provided significant liquidity, helping to expand the…
More and more institutional investors are considering 50/50 splits between Bitcoin and Ethereum ETFs. In the words of Vance Spencer, co-founder of Framework Ventures, this trend is revolutionizing the cryptocurrency investment space. He has also suggested that in the future, everyone will be investing half of their wealth in Bitcoin and half in Ethereum. Ethereum ETFs Gain Ground with Institutional Investors More institutional capital is pouring into Ethereum ETFs. Spencer pointed out that Ethereum ETFs are gradually becoming competitive with Bitcoin ETFs in terms of attracting investment flows. This is significant because Bitcoin ETFshave been the most popular products in…