Author: NBTC

Investment management firm Blackrock has reacted to rumors about the approval of its Bitcoin Spot ETF application by the United States Securities and Exchange Commission (SEC) which caused quite a stir among the cryptocurrency community. Blackrock CEO Responds To Claims On Bitcoin Spot ETF On Monday, crypto news outlet CoinTelegraph posted on X (formerly Twitter) that the US Security and Exchange Commission (SEC) had approved a long-anticipated application of Bitcoin Spot ETF, but later retracted the report. However, the post sparked excitement within the crypto community causing the Bitcoin price to rise rapidly. The cryptocurrency’s price surged to almost $30,000…

A Gateway for creators and companies to supply & inventory realistics 3D NFT objects for Metaverse Cyprus-headquartered startup presents a first-ever market, making entry to 3D NFTs and their integration to Metaverse and VR headsets. It’s a very new strategy: by now, there are both marketplaces included into the metaverses or unbiased platforms providing a really small variety of 3D components. This makes the startup a singular and self-sustaining platform, permitting any creator to supply 3D fashions and monetize them.  Creators can add 3D belongings with related data and set their value as NFTs, after which they are going to…

Bitcoin recently experienced a much-awaited 10% surge to hit $30,000 on Monday. The hike emerged amid the increasing whispers surrounding a BTC ETF. This development demonstrated how the ETF can change the crypto industry’s outlook. Most crypto traders were stunned by an erroneous report suggesting that BlackRock was approved to launch its spot ETF. The unverified rumor boosted BTC’s price to $30,000, a feat not achieved since March 2023. BlackRock Inc. is one of the many firms trying to get the US’ first BTC ETF approved. Experts believe that such an approval can bring the crypto market back on track.…

Bitcoin’s price performance last week may have disappointed investors, but there are indications of a growing momentum as the new week started. Bitcoin spiked up in the early hours of Monday to almost $28,000 before facing resistance that sent it back down.  It would seem whales have been making moves to push BTC up, as indicated by the increasing number of whale wallets. New Bitcoin mid-whale addresses, meaning addresses holding between 100-1,000 BTC, saw a huge single-day increase recently, according to data from analytics firm Santiment.  Unprecedented Growth in New Bitcoin Whale Addresses On-chain data have shown, as was previously…

Within the dynamic realm of Web3, Meta-Shelter TextTeo emerges as a groundbreaking dog-friendly membership and charity challenge, seamlessly integrating NFTs, Metaverse, and gaming applied sciences.  Past a mere group, TextTeo is a heat and inclusive haven for canine fanatics with a noble mission at its core: aiding homeless canines in shelters.  It transcends geographical boundaries, bringing collectively a various group of artists, fanatics, and compassionate people keen to debate challenges and options. NFTs Redefined: TextTeo’s Digital Assortment TextTeo isn’t only a group; it’s a vibrant NFT digital assortment that includes 1,500 fascinating photographs. These NFTs open the gateway to unique…

Bloomberg analysts have said that there is a 90% chance for the Spot Bitcoin ETF to receive approval by January 10, 2024. ETF is an acronym for Exchange Traded Fund, and the statement is based on the updates from 21Shares and ARK. Reportedly, it is their application for the same product that is making the rounds among the media community, paving the way for speculation of approval. Assuming Spot Bitcoin ETF does receive approval, it will signal wide recognition from regulatory authorities. Moreover, it will act as a legitimate catalyst for the mass adoption of Bitcoin as an investment product.…

As the cryptocurrency landscape has continued to evolve, Ethereum now stands at a pivotal crossroads, which stands to shape its future in a big way. While ETH’s price and market cap fell by 10% between July and September, the asset still outperformed Bitcoin by 2%.  Moreover, as per Messari’s State of Ethereum in Q3 2023 report, Layer-2 (L2) transactions accounted for two times as many transactions on the mainnet, i.e., nearly 66% of all transactions within the ecosystem. This shift towards L2 solutions has spurred several conversations regarding Ethereum’s scalability, security, and its commitment to decentralization. The ongoing L-2 revolution…

As analysts continue to debate the future of the flagship cryptocurrency, Bitcoin, the network’s hashrate has seen exponential growth, with this key indicator poised to experience an 100% increase (from the beginning of the year) before the year runs out.  How Bitcoin’s Hashrate Has Grown The hashrate, which is used to measure the computational power used to mine and process transactions on the network, currently (at the time of writing) stands at 445 exahashes per second (EH/s). This figure represents a significant increase, considering that the network hashrate stood at 255 EH/s on January 1, 2023.  Hashrate almost 100% up…

The world’s leading cryptocurrency, Bitcoin (BTC), has seen a significant surge in its price today, reaching $28,004. While several factors have contributed to this jump, here are the primary reasons: #1 SEC’s Non-appeal On Grayscale Spot Bitcoin ETF Late on Friday night, the market became aware of the US Securities and Exchange Commission’s decision not to appeal the verdict which favored Grayscale’s conversion of the Grayscale Bitcoin Trust (GBTC) into a spot ETF. This decision wasn’t perhaps fully priced in on Friday, as Bitcoin’s price rose by a mere 1.2% on Friday ((followed by a fast retracement), in stark contrast…

The Australian federal authorities is about to introduce new rules requiring crypto exchanges to acquire a monetary providers license, the Australian Monetary Overview reported on Oct. 15. Assistant Treasurer Stephen Jones is scheduled to unveil these long-anticipated guidelines throughout the Australian Monetary Overview Crypto Summit. Based on the report, the federal government will give attention to the exchanges — subjecting them to present monetary providers legal guidelines — relatively than regulating particular person tokens or cryptocurrencies. The brand new guidelines Crypto exchanges holding greater than $5 million in mixture or exceeding $1,500 for any particular person person can be mandated…