Author: NBTC
Bitcoiners, or members of the Bitcoin community, have been looking to get a legitimate stand for their tokens for a long time. Expectations have circled to January 2024, a month when the SEC could potentially approve all the applications for Spot Bitcoin ETF. That will give a formal investment structure to traders and institutional traders when it comes to exchanging BTC on the board. One of the prominent personalities to have come out in support of Spot Bitcoin ETF is Mike Novogratz, the Chief Executive Officer of Galaxy Digital. He believes approval can come as early as January 10, 2024,…
A report by K33 research analysts has provided insight into how much institutional investors’ appetite for Bitcoin has increased ahead of a potential approval of a Spot BTC ETF. The research firm emphasized a particular indicator to drive home their point and provided further insight into what the future holds if these ETFs get approved. The Derivatives Market: An Indicator Of Institutional Interest In Bitcoin In the report written by K33’s Senior Analyst Vetle Lunde and Head of Research Anders Helseth, they noted that the derivatives market was important as it can be used to gauge institutional traders’ interest in…
Marathon Digital Holdings recently signed a definitive purchase agreement with Generate Capital’s subsidiaries. The agreement will allow Marathon Digital Holdings to acquire two operating Bitcoin mining sites. Based on the terms, Marathon will pay 178.6 million dollars for sites totaling 390 megawatts of capacity. In other words, Marathon is paying 458,000 dollars per megawatt for two of the best Bitcoin mining sites in the market. The transaction marks Marathon’s first endeavor to own BTC mining sites. With this development, the company has officially transitioned from an asset organization to managing BTC mining operations. As of now, Marathon owns 584 megawatts…
SDF and other community members have worked for two years to integrate smart contract capabilities into the Stellar network. This is a significant step forward for Stellar. This integration is about introducing a slew of new capabilities and possibilities while remaining fully compatible with existing network functions. A key milestone has recently been accomplished in this endeavor. The SDF, in collaboration with the maintainers of many prominent Stellar Software Development Kits (SDKs), has released a software suite that covers all aspects of Protocol 20. This much-anticipated update will bring Soroban smart contracts to the Stellar network. To facilitate this transition,…
The anticipation around a potential approval of a Spot Bitcoin ETF is still high among crypto investors. This anticipation has been one of the main drivers of the price rally that has been witnessed over the last two months. Despite the United States Securities and Exchange Commission (SEC) postponing its decision on multiple spot ETF filings, industry experts remain very positive that the regulator is on the verge of approving the first Spot Bitcoin ETF. Bitcoin Spot ETF Coming In January 2024 Many experts have revised their expectations for if and when the SEC would approve a Spot Bitcoin ETF.…
Ethereum has followed the general trend of Bitcoin over the last few weeks and when the asset dipped from its 2023 peak, so did the price of ETH. Following this decline in price, a worrying pattern has appeared on the ETH chart known as a falling wedge pattern. This was brought to light by crypto analyst Alan Santana, who has painted a grim picture of what this could mean for Ethereum. Ethereum Falling Wedge Pattern Is Bearish In the analysis posted on the TradingView website, Alan Santana explains that the appearance of this falling wedge pattern does not bode well for…
In the past week, some of the biggest Ethereum whales, those with holdings ranging from 1 million to 10 million ETH, have accumulated an impressive 100,000 ETH, valued at a staggering $230 million. This active buying stance by influential investors highlights their unwavering belief in the long-term potential of Ethereum, even in the face of recent price corrections. Despite the recent downtrend in prices, indications from recent Ethereum whale activities suggest a persistent confidence in a bullish market continuation. Wealthy Traders Accumulate Millions In Ethereum Subsequent to the promising start in the initial days of December 2023, various cryptocurrency assets,…
Microstrategy’s Executive Chairman and Co-founder, Michael Saylor, is one who always uses every opportunity to heap praises on the flagship cryptocurrency Bitcoin. Once again, he didn’t disappoint, as BTC was the center of discussion in his latest media appearance. Bitcoin Going To $1 Million In an interview with CNBC, Michael Saylor stated that Bitcoin is going to $1 million if it isn’t going to “zero.” He noted that the “big question” in relation to BTC’s potential was whether or not the digital asset was legitimate. According to him, if Bitcoin is a “legitimate institutional asset,” then everybody is “under-allocated” to…
Ripple Foundation has started a new initiative to share crypto predictions for 2024. The network will be sharing insights from 12 leaders to predict the blockchain and crypto future in the upcoming 12 months. The initiative kicked off with Fiona Murray, Ripple’s VP and Managing Director in APAC. According to Murray, Ripple will see a hike in the number of institutional adopters. Numerous financial institutions, especially in APAC, will accept cryptocurrency by 2024. It will include the greater use of cross-border payments among corporations. Leading legacy payment institutions and Web2 brands have started investing in blockchain. The ventures are integrating…
When trying on the metaverse idea in movie, folks have a tendency to say films like The Matrix and Minority Report. Whereas these movies gave us an entertaining glimpse of what the administrators consider the metaverse can be like, they weren’t correct representations of what we now find out about it, so what film would be the first to get it 100% proper? How the Leisure Trade Is Shifting In the direction of the Metaverse There’s been quite a lot of chat in newspapers and on TV concerning the affect of the metaverse, whereas many conventional forms of leisure have…