Author: NBTC
CEO of ARK Invest, Cathie Wood has shared her perspective on the approval timeline for Spot Bitcoin ETFs. She has also highlighted the significant impact the official authorization of Bitcoin ETFs would have on the price of BTC. BTC Price Boom Predicted Following ETF Acceptance Founder and CEO of American asset investment management firm, ARK Invest, Catherine Duddy Wood has recently appeared in an interview with Yahoo Finance. The live interview which was published via YouTube centers on Wood’s views and opinions regarding the potential approval of Spot Bitcoin ETFs and its effect on the price of BTC. According to…
Injective has announced the End of the Year Treasure Hunt, an event that seeks participants to venture across the ecosystem and find twelve hidden secret words. The Treasure Hunt event is currently taking place with support from related dApps, or decentralized applications, to give the top 3 players a share of the prize pool and exclusive goods. The same number of dApps have hidden twelve secret words. Players must interact with dApps and complete specific actions to unlock the hidden word. Then, they must submit the entries to Injective through a Google Form, a link to which has been shared…
ARK 21Shares has filed an updated Bitcoin ETF application. The development comes in the last concluding hours of the deadline by the SEC, December 29, 2023. The community speculates that more applications could be on the way to strengthen their chance of getting approval in the first wave. A tentative date for confirmation is January 10, 2024. Not that all applications will be approved since the Commission has tabled the chance of rejecting all or some applications. As for ARK 21Shares, submitting an updated application hours before the final deadline marks the fifth updated application. This amendment is likely to…
The trading volume of Bitcoin options through the final days of 2023 surpassed all previous records and increased by over $38 billion across the leading cryptocurrency derivatives exchanges. Along with derivatives trading activities on OKX and Binance, the volume of BTC options trading on Deribit reached $26.7 billion. Bitcoin is widely recognized as the most valuable digital asset in terms of market capitalization. It is expected that almost $7.7 billion worth of choices connected with Bitcoin will witness closure on Deribit, a landmark where the secondary exchanges are concerned. A major amount of contracts that are held in abeyance on…
Blockchain industry leaders, investors, and enthusiasts will converge in 2024 to celebrate the future of blockchain and technological innovation at the most anticipated blockchain events set to occur throughout 2024. Blockchain technology has inspired great interest across a wide range of businesses. These blockchain events act as a catalyst for debating and investigating the diverse use cases put forward by the blockchain industry. 2024 will witness various blockchain events, including the grand Global Blockchain Show, to help businesses deepen their understanding of crypto trends, blockchain technology, and other regulatory and technological updates from expert speakers. Landscape of Blockchain Events in…
According to the Chief Revenue Officer of Bitcoin IRA, Chris Kline, with the hanging issue of consent for a spot Bitcoin exchange-traded fund (ETF) going in their favor, the retirement savers will be able to gain from the connectivity with their company’s 401(k) plans. If they are eligible, it can also be possible for solo 401(k)s and self-directed IRAs. In his opinion, this could lead to the mass acceptance of Bitcoin. If all goes well, the retirement savers will be linked to Bitcoin but will not obtain ownership of the cryptocurrency coins. Everyone involved is waiting for the final decision…
Vitalik Buterin, a co-founder of Ethereum, has put a total of three proposals on the table, stating that the end goal is to simplify the design of proof-of-stake. It is a direct attempt to solve an issue that Buterin identifies as having potential systemic complexity. Per his post on X, formerly Twitter, all proposals ultimately led to Ethereum reducing the burden of the number of signatures required. He has put out an estimate of 8192; however, the actual number may be slightly different if any proposal is implemented when it sees the light at the end of the tunnel. The…
There are speculations that the US Securities and Exchange Commission (SEC) will grant authorization to spot bitcoin exchange-traded funds (ETFs). On or before January 10, 2024, it is anticipated that it will approve several applications that are currently pending. Sam Enzer, a partner at the law firm Cahill Gordon & Reinel, attests to this. As stated by Enzer, this was a long-awaited decision. This shift in perspective is ascribed to the SEC’s defeat in its argument against Grayscale in the GBTC spot ETF lawsuit, according to him. As per the decision rendered on August 29, 2023, by the US Court…
Head and shoulder formation is ideally associated with bearish trends. However, an inverse of that shape brings out bullish sentiments—at least when it comes to crypto. ETH has demonstrated inverse head and shoulder formation, igniting a sense of higher achievements in the days to come. It is estimated that the token could surpass $2,550 at the earliest. A tentative timeline is unavailable considering the volatility factor, but it could be achieved once there is a mark of $2,440 on the graph. Another pattern will be formed when Ethereum’s token rises by 5%. That said, it is important to note that…
In a strategic move that has effectively caught the attention of the crypto space, Microstrategy has once more fortified its Bitcoin portfolio, strengthening its position as the largest corporate holder of BTC globally. MicroStrategy Boost BTC Holdings In a recent filing on December 27, the United States Securities and Exchange Commission (SEC) announced that business intelligence software company, Microstrategy has increased its Bitcoin holdings by 14,620 BTC valued approximately at $615.7 million. “On December 27, 2023, MicroStrategy Incorporated (“MicroStrategy”) announced that, during the period between November 30, 2023, and December 26, 2023, MicroStrategy, together with its subsidiaries, acquired approximately 14,620…