Author: NBTC
According to data from ETC Group, cryptocurrency hedge funds significantly reduced their risks in the Bitcoin market to levels not seen since October 2020. “Crypto hedge funds have really thrown in the towel on Bitcoin lately. Over the last 20 trading days, they have reduced their holdings in the BTC market to only 0.37, which is the lowest level since October 2020,” said André Dragosch, Head of Research at ETC Group. said. The crypto hedge fund industry is diverse, with a variety of strategies that can be both directional and market neutral. Therefore, it is difficult to determine the main…
German State-Owned Development Bank Prepares for Tokenized Bond Issuance with Boerse Stuttgart Digital in ECB Trial
KfW, the largest development bank in Germany and owned by the German states, has teamed up with Boerse Stuttgart Digital (BSD) as infrastructure provider partner in preparation for its upcoming blockchain-based digital bond offering, the companies said in a Monday press release. KfW plans the bond issuance in the coming weeks under the German Electronic Securities Act (eWpG). BSD will oversee the crypto wallets and secure the private keys during the issuance and redemption processes. The upcoming offering will be part of the European Central Bank’s trials to settle blockchain-based transactions against central bank money. “As one of the world’s…
Bitcoin maximalist Fred Krueger has called for exchange-traded funds (ETFs) for meme coins like Shiba Inu, though in a lighthearted manner. Krueger voiced this sentiment in a recent commentary on X, lamenting the SEC’s approval of an ETF he finds undeserving. Specifically, he expressed apprehension at the launch of the YieldMax Short COIN Option Income Strategy ETF, which has the ticker symbol “FIAT.” This ETF aims to generate monthly yields by using a synthetic covered put strategy on the share price of the common stock of Coinbase (COIN). While it benefits when COIN’s share price decreases, its potential gains are…
Bitcoin’s most popular layer 2, the Lightning Network, had another bug that put users’ funds at risk. Lightning scales faster and cheaper than regular bitcoin transactions by allowing users to join payment channels, therein conducting off-blockchain, ‘bar tab’-like transactions. By jotting down increases and decreases in bitcoin balances within these payment channels, Lightning users ‘send’ and ‘receive’ bitcoin faster and cheaper than paying miners for the full security and decentralization of on-blockchain transactions. However, the trade-off for this speed and affordability is evident in this week’s disclosure: security. LND, one of the four most popular implementations of Lightning, is now…
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has experienced significant price movements recently, driven by various market forces and whale activities. While Ethereum has been battling to maintain its position amid market challenges, its potential for recovery remains strong. This article examines the latest developments, including whale transactions, key resistance levels, and Ethereum’s ongoing technological advancements. By TradingView – ETHUSD_2024-08-09 (1D) Ethereum Price Analysis: What Are ETH Price Trends Recently? Ethereum has shown resilience in the face of market volatility, managing to climb above the $2,550 resistance zone. Currently trading around $2,680, ETH is eyeing a potential rise above…
Crypto startups attracted $2.7 billion in venture capital (VC) during the second quarter of 2024, according to PitchBook data. As reported by Bloomberg, this represents a 2.5% increase from the previous quarter but a nearly 10% decline compared to last year. Deal activity, however, fell by 12.5% from the first quarter. The digital asset market faced significant challenges following earlier highs that were largely driven by the launch of Bitcoin exchange-traded funds (ETFs) in the US. Bloomberg estimates reveal investor inflows into these ETFs plummeted by 80% in Q2, Says Rob Hadick, a partner at Dragonfly crypto venture fund, “While…
VeChain launched Marketplace as a Service (MaaS), partnering with Gresini Racing and EXplusNFT for exclusive NFT content. VeChain’s MaaS offers a no-code interface for businesses to manage digital assets seamlessly. In the first quarter of 2024, VeChain launched its new Marketplace as a Service (MaaS) solution, which is a major step in the evolution of e-commerce. To celebrate this launch, VeChain has collaborated with Gresini Racing and EXplusNFT and introduced the first enterprise marketplace on the MaaS platform. 🚀🔗 Exciting times for #VeChain! Q1 2024 marks the debut of their revolutionary Marketplace-as-a-Service (MaaS) platform. To celebrate, they’ve partnered with @GresiniRacing…
In the ever-evolving world of cryptocurrencies, profitability remains a critical measure of success for both individual investors and the market as a whole. According to recent data from IntoTheBlock, Bitcoin (BTC) continues to dominate the market, with an impressive 86% of its holders currently in profit. This positions BTC as a leading asset, maintaining a significant lead over other coins in terms of profitability. Ethereum (ETH), the second-largest coin by market capitalization, also showcases a strong performance, with 83.19% of its holders in profit. Ethereum’s smart contract capabilities and its pivotal role in the DeFi (decentralized finance) ecosystem have significantly…
Ethereum is currently facing a significant surge in withdrawals, with around 143,000 ETH—valued at approximately $350 million—set to become available within 12 hours. Additionally, 212,000 ETH, including rewards from validators exiting the network, is scheduled for withdrawal soon. According to Token Unlocks, a total of 356,570 ETH, worth approximately $870 million, is pending withdrawal. If these withdrawals are processed, this could signal potential sell pressure on Ethereum. The next 12 hours are expected to see the withdrawal of roughly 142,460 ETH, valued at $346 million. This movement suggests a significant outflow from staking, with the current ETH price at $2,436.81…
Donald Trump just can’t stop talking about the Federal Reserve. The guy has been telling us he thinks the president should have a bigger say in how the Fed operates, especially when it comes to interest rates. At a recent press conference at his Mar-a-Lago estate, the Republican nominee reiterated his belief that the Fed has “gotten it wrong a lot.” And in typical Trump fashion, he argued that his instincts—shaped by years of making money in business—are better than those of the people currently running the Fed. But Trump’s not the only one who thinks this way. His running…