Author: NBTC
TD Cowen has provided a clearer timeline for when a spot Ethereum exchange-traded fund (ETF) might be approved in the United States. The bank stated that if Gensler takes a different approach, such as becoming the Treasury Secretary in the event of President Joe Biden winning a second term, he will still need progressive support. Last week, the SEC once again postponed Grayscale Investments’ proposal for a spot Ethereum ETF, following delays in other applications earlier this month. American bank TD Cowen has unveiled its predictions regarding the approval of spot Ethereum ETF applications. TD Cowen Releases Spot Ethereum ETF…
Belarus is at the forefront of financial innovation as it takes significant strides towards introducing its Central Bank Digital Currency (CBDC), the digital Belarusian ruble. In collaboration with the Center for Banking Technologies, the National Bank of Belarus is leveraging the open Hyperledger Fabric blockchain network to develop a robust platform for this digital currency. According to the Ekonomicheskaya Gazeta, a local newspaper, the development of the digital ruble’s infrastructure commenced this month, with the National Bank actively expanding its team by recruiting skilled professionals, including programmers. These professionals will be crucial in shaping the core platform and designing innovative…
Cameron Winklevoss, an American cryptocurrency investor and founder of crypto exchange Gemini, has stated that the demand for Bitcoin will witness a significant surge after the 2024 Bitcoin halving, which is expected to take place on April 17. In an X post on February 15, Winklevoss noted that the recently approved spot Bitcoin exchange-traded funds (ETFs) are currently amassing ten times more BTC off the market than are being minted daily. Notably, he adds that if the situation remains the same, the demand for Bitcoin will skyrocket post-halving. The Bitcoin halving event in 2024 will reduce the supply of the…
Blockchain is a decentralized, distributed ledger technology for recording transactions processed through a connected series of computers. The parameters of crypto are visible traits, unchangeability, and standardization. These days, there is more than enough buzz about the implementation of crypto technology (blockchain) in the sports industry. This passion originates from the technology’s ability to upgrade many areas of sports management, such as ticketing, merchandise authentication, player contracts, and managing the fans. Blockchain is valuable in overcoming problems like fraud, forged items, and unreasonably priced tickets. It is, therefore, lucrative to sports enthusiasts to improve transparency and trust in the sports…
Ethena Labs has been making waves in the DeFi space, especially with their Shard Campaign shaking things up. Ethena Labs started the Shard Campaign to get more people involved and boost their platform’s stability and growth. The idea was simple: reward users for contributing to the platform’s liquidity, making it more robust and efficient. What Happened in Epoch 1? Epoch 1 was all about getting users to add liquidity to specific pools and encouraging them to hold onto Ethena’s currency, USDe. The response was huge! In just five days, USDe grew to over $440 million, with $100 million added to…
Bored Ape Yacht Club (BAYC) non-fungible token (NFT) collection surpassed Pudgy Penguins’ floor price this Thursday, according to data from price platform NFT Price Floor. The trading volume of BAYC collection also grew by 27% in the last 24 hours, data from on-chain research firm Nansen shows, surpassing 2,394 ETH. Pudgy Penguins’ volume fell 58% in the same period. The reason behind the 6.5% leap in BAYC’s NFTs floor price is the announcement that Greg Solano will be returning to his role as CEO at Yuga Labs. Solano is one of the four creators of Yuga Labs, the company behind…
On Jan. 29, 2024, ethereum’s price dynamics display a nuanced interplay of market elements. The current price of ether stands at $2,247, with a 24-hour range fluctuating between $2,246 and $2,284. Despite its substantial market capitalization of $270 billion, ether trading volume remains modest, hinting at possible investor wariness. Ethereum The hourly chart of ethereum (ETH) paints a picture of a volatile ether market. Prices swing from $2,246 to $2,284, signaling opportunities for short-term trading or day traders. This fluctuation is pivotal for traders who capitalize on brief price movements, offering potential points for entry at support levels and exit…
Celsius will be shipping out more than $3 billion to its creditors as its the firm’s bankruptcy is officially closed. Apart from the cash, creditors will get a stake in the newly formed Ionic Digital Inc. mining operation, the company said in a statement on Wednesday. About 98% of Celsius Network’s creditors signed off on the plan after 18 months in bankruptcy court. Ionic is expected to become a publicly traded company once it clears approvals. “When we were appointed in June 2022, everyone assumed Celsius would disappear completely like the other crypto lenders that were filing bankruptcy around the…
Recent partnerships drive VET and VTHO, with VET up 13%. VeChain’s 2M daily transactions showcase blockchain’s transformative potential. PwC and Walmart China propel VeChain as a blockchain trailblazer. VeChain, a leading blockchain platform, is witnessing a significant uptick fueled by recent partnerships, translating into notable gains for its native assets, VET and VTHO. In fact, VET has surged by nearly 13% since its recent breakout, prompting analysts to eye a breakout target of $0.038, indicating a potential 36% increase. $VET is already up almost 13% since breaking out!If the break out target of $0,038 is getting reached, it will be…
In a not-so unexpected turn of events, Bitcoin (BTC) has surged to new heights, breaking the $57,000 barrier during the early hours of Tuesday in the Asian market. This price level, not seen since November 2021, marks a significant resurgence for the leading cryptocurrency. Bitcoin ETFs Experience Unprecedented Activity Remarkably, the surge in Bitcoin’s price has triggered substantial activity in US-based spot Bitcoin ETFs, excluding Grayscale’s GBTC. According to Bloomberg, these ETFs recorded a record-high $2.4 billion in trading volume on Monday. This surge in trading activity underscores the increasing interest and involvement of institutional investors in the cryptocurrency market.…