Author: NBTC
The launch of Bitcoin ETFs in early January 2024 was among the most anticipated milestones for the industry. Can we call the inception of BTC ETFs as a class successful? Eric Balchunas shares his take. $55 billion in assets, $110 billion in volume: Here’s what BTC ETFs achieved in two months Given the fact that 10 Bitcoin ETFs in the U.S. amassed $55 billion in assets and registered 100% larger trading volume, their success should be considered “simply absurd,” Senior ETF Analyst at Bloomberg Eric Balchunas says on X. First two months officially in the books (it’s felt like six)…
Kenya is initiating efforts toward crypto regulation, with the government forming a multi-agency team that includes the central bank. This group will develop rules and oversight for cryptocurrencies (also known as virtual assets) and the companies that deal in them (Virtual Asset Service Providers), local outlet NTV Kenya reported Monday. Kenyan National Treasury Cabinet Secretary Prof. Njuguna Ndung’u revealed the establishment of the multi-agency working group to the National Assembly. This follows warnings from regulators about unlicensed virtual asset products and a risk assessment by the Central Bank highlighting money laundering and terrorist financing concerns. This assessment highlighted the potential…
The South Korean city of Busan’s plans to launch a city-run, blockchain-powered digital assets exchange may be in peril, a report claimed on April 24. Per Naeil Shinmun, the project is “showing signs of trouble” after effectively delaying its official launch. Busan Digital Exchange Hit With Launch Delay Busan’s digital asset exchange plans have been in the pipelines for some time, but have already been beset with issues. The city initially wanted to become the first in the world to launch a crypto exchange. However, this plan hinged heavily on promised changes to central government policy that have yet to…
Art de Finance has presented the release of its Incentivized Testnet for the Artists Launchpad. It is a brand new method for the users to self-curate its artists to seed, this would be the most decentralized gallery platform in the universe. They gear towards a never-ending dynamic cycle in the blockchain realm that connects artists, galleries, and collectors concretely. 🎉 Incentive Artist Launchpad Testnet is live! (1) Go to the guide: https://t.co/FChdyI1iEl(2) Testnet: https://t.co/E3dYdFwEe7(3) ADF Testnet Faucet: https://t.co/8W1IuEmcCB⏰ Period: 24 April — 1 May🤑 Prize Pool: Total 10,000 ADF#Testnet #Airdrops #Launchpad pic.twitter.com/okwsIYevY7 — Art de Finance | Digital Renaissance with…
MicroStrategy CEO Michael Saylor said bitcoin will “eat” gold in the future. Bitcoin has all the the metal’s great attributes, but none of its problems. MicroStrategy on Monday purchased another 12,000 bitcoin, bringing its total holdings to 205,000 tokens. Appearing on CNBC after his company on Monday announced the purchase of an additional 12,000 bitcoins (BTC), MicroStrategy (MSTR) Executive Chairman Michael Saylor said the crypto will be a much more valuable asset than gold in the future. “Bitcoin is certainly at least digital gold, it’s going to eat gold,” Saylor said, “It’s got all of the great attributes of gold…
Staking Wormhole’s W token paired with JitoSOL in the Kamino liquidity pool on Solana is offering a more than 999% weekly return Participants can earn daily rewards of over 3,300 W and 666 JTO, worth $7,000 at current rates, plus trading fees. The pool has a capacity of $7.5 million, with just under $5 million locked as of now. It has generated $17,000 in fees from $6 million in trading volumes in the past 24 hours. Staking bridging application Wormhole’s newly released W token is making traders 999% a week as long as its capacity on Kamino, a decentralized finance…
According to Ripple, the SEC failed to disclose the expert’s identity and opinions during the discovery phase of the remedies litigation. Ripple has filed a new motion in its case against the SEC, asking Magistrate Sarah Netburn to exclude the new expert materials the plaintiff submitted in support of its opening remedies brief and final judgment entry. SEC Failed to Submit Fox Declaration During Discovery The crypto payments company recounted how the SEC deposed its supplemental expert report on disgorgement during the discovery phase of the remedies litigation. However, during this phase, the SEC did not tender a declaration from…
Planet-X launches a unique treasure hunter shooter on Immutable zkEVM. Backed by Polygon, the game merges F2P gameplay with real-world prizes. Partnerships with influencers, 250k sign-ups for upcoming global launch. Planet-X, an innovative gaming studio, is gearing up to unveil its latest creation on Immutable zkEVM, with power backing from Polygon. Founded in 2019, the studio secured $4.5 million in private funding, laying the groundwork for its highly anticipated free-to-play (F2P) mobile treasure hunter shooter. 🪐 @play_planetx is set to launch on Immutable zkEVM, powered by @0xPolygon! In 2019, their studio was privately funded with $4.5M in anticipation of their…
“Xai is built to enable open trade in the next generation of video games,” the official site says. In its quest to do so, the network aims to reduce fees, offer account abstraction to hide some of those pesky blockchain elements, and empower game creators in the process. The layer-3 blockchain is developed in part by Offchain Labs, the original creator and primary developer behind the Ethereum layer-2 Arbitrum network that Xai is built on top of. And Xai is getting help from game developer Ex Populus, which will deploy the first games planned to launch on the network in…
Bitcoin could be in the middle of a sharp, parabolic run that will catch many off guard, according to a crypto analyst who has accurately called several of BTC‘s biggest moves. Pseudonymous analyst Dave the Wave tells his 146,000 followers on the social media platform X that three indicators support the argument that BTC could touch $170,000 in May. The trader shares a weekly chart with BTC’s moving average convergence divergence (MACD) indicator, which aims to pinpoint reversals and confirm trends, along with time-based Fibonacci markers which are usually used to find local price tops and bottoms based on the…