Author: NBTC
Spot Bitcoin exchange-traded funds (ETFs) have been approved in the United States. The picture depicts eleven such ETFs, eight of which are affiliated with Coinbase. This speaks volumes about the development of the cryptocurrency economy. Spot Bitcoin ETFs introduced by the leading asset managers will provide access to a wide range of new investors, thereby fostering innovation and future development. The 11 spot Bitcoin ETF-based applications pertaining to traditional financial and crypto-focused financial providers have received approval from the SEC. The approval process for spot ether ETF applications may follow this. The anticipation and acceptance of spot Bitcoin ETFs have…
VeChain has highlighted that it is leveraging the capabilities of its Layer 1 blockchain, VeChainThor, to meet the sustainable development goals set by the UN. The power of Web3 is being implemented in a sector that has an estimated worth of multi-trillion dollars in the days to come. Two reasons why VeChainThor is an ideal candidate to meet sustainable development goals are scalability and ability. It has been crafted from the ground up to support scalability. Meaning it will have enough strength to support future developments effectively and efficiently. Second, it can handle a large number of transactions executed on…
Amid the excitement surrounding the approval of Bitcoin Spot Exchange-Traded Funds (ETFs), Polish crypto analyst Adrian Zduńczyk has shed his insights on the price action of BTC in 2024 and beyond. Bitcoin Price Action In 2024 And Beyond Zduńczyk, who is the Chief Executive Officer (CEO) of Birb Nest shared his insights in a recent interview with Thinking Crypto founder Tony Edward. In the interview, Zduńczyk revealed his short-term expectations for Bitcoin, the impact of ETF approval, and post-halving expectations for price. Zduńczyk began by drawing attention to the recent surge in Bitcoin prices while also noting a minor decline.…
Even though Gensler, the chairman of the SEC, ultimately approved the spot Bitcoin ETF, his support for Bitcoin and cryptocurrencies was manifestly lacking. His stance explicitly stated that he did not support it. He advised investors to exercise utmost caution when making decisions, considering the myriad risk factors associated with Bitcoin and other products backed by cryptocurrencies. Gensler’s viewpoint pertains to the SEC’s stance on providing connectivity with specific Bitcoin-based financial instruments and advises investors to exercise caution when entering the cryptocurrency market. As per Cathie Wood, the founder of Ark Investment Management, Gensler’s remarks regarding the acceptance of Bitcoin…
The Zilliqa v9.3.0 upgrade is officially live on the mainnet. The announcement was made on the X/Twitter account of Zilliqa. The tweet read that the upgrade brings several network improvements. These improvements include EVM enhancements, sharding changes, mining rewards, and general fixes. Besides this, v9.3.0 is bringing improved efficiency and reliability to the network. The upgrade is a major step toward Zilliqa 2.0 as it integrates robust features with the network. Active reward control is the most noteworthy change Zilliqa has brought to users, along with desharding. The community approved the improvements after a voting session on Zilliqa’s governance platform.…
A moment that the Bitcoin community had been waiting for years could finally happen on January 10, 2024. The US Securities and Exchange Commission will likely approve all the Bitcoin ETF applications on that day. If approved, the community members will have a more structured format to invest their funds in the cryptocurrency. The race to get approvals is evident from the fact that the SEC has started accepting filings for Bitcoin ETFs, with major asset managers submitting 19b-4 amendments. Companies that are in the race to receive approval are BlackRock, Fidelity, and Grayscale. There is speculation that the Commission…
Blockchain transformation is a continuous process involving integrating digital technologies to develop innovative models and transform how businesses operate. With blockchain technology evolving rapidly, it is time to explore the digital transformation trends for 2024. Note that we will discuss blockchain’s impact on various industries, its use cases, and its game-changing potential that can revolutionize the tech-decision world. Blockchain Can Be Used in Endless Ways for Endless Purposes Financial Transactions – Cryptocurrency transactions pioneered by Bitcoin and other major cryptocurrencies exploded in popularity in the 2020s. Blockchain is particularly popular in finance, where it saves money and time for financial…
Renowned finance author Robert Kiyosaki has shared his thoughts on the future trajectory of the Bitcoin price. The author, who is no stranger to the crypto community, says that Bitcoin could rise to $150,000 while revealing what will spark this significant price surge. What Will Spark Bitcoin’s Rise To $150,000 Kiyosaki hinted in a post on his X (formerly Twitter) platform that the Spot Bitcoin ETFs will be the catalyst for Bitcoin’s rise to $150,000. He, however, didn’t say exactly when Bitcoin will hit this price level as he only stated that it will happen soon. With this prediction, the…
Ethereum (ETH) is currently at a crossroads that could define its trajectory in the coming weeks. Renowned crypto analyst Michaël van de Poppe has shared a notably bullish perspective, highlighting Ethereum’s approach to its 2022 low as a potential springboard for a breakout. In his analysis, Van de Poppe underscores the importance of Ethereum’s current positioning, suggesting that its proximity to last year’s low could be a catalyst for absorbing liquidity and igniting a bullish trend. Analyst’ Ethereum Bullish Projection Amid Market Movements Van de Poppe’s forecast hinges on the broader market context, particularly the potential approval of a spot…
Approval of Bitcoin ETF applications and Bitcoin Halving are both on the table for 2024. There is no reason to guess that if both, or even one, factors follow through, then it will impact the price of Bitcoin. While the ETF will enable asset managers to navigate the investments of their clients, Bitcoin Halving 2024 will cut down the supply to boost the price rise of BTC. Predictions are that the token may inch closer to its ATH and then go for the $100k mark by the end of 2024. To be more realistic, ATH is achievable by the end…