Author: NBTC
With their leader, Bitcoin, at the forefront, Cryptocurrencies have emerged as a feasible alternative to the established and outdated centralized financial system. The global impact of this phenomenon is evident in the diverse reactions from various countries and regions. While certain nations, like China and India, generally do not acknowledge cryptocurrencies as legal tender and impose significant restrictions on their usage, others, such as the United States and Japan, have opted for a more cautious approach. Notably, certain U.S. states have officially recognized cryptocurrency as a legal tender. Europe has also exhibited a more receptive stance, with some countries embracing…
Circle has introduced the Bridged USDC Standard for two core objectives: expanded access to USDC and reduced fragmentation. USDC is live on 15 blockchains, with the possibility that more networks could join the ecosystem in the future. They would look to solve the cold start issue, thereby facilitating the requirement of what Circle deems important to start with right now. Simply put, there is a difference between Native USDC and Bridged USDC, with Native USDC having more recognition considering it is issued by Circle, which is a regulated Fintech. On the other hand, a third party creates Bridged USDC, which…
Ethereum whales have been bullish for a long time now, even through the stretched-out bear market of the last year, and their accumulation trends prove this. According to Santiment, the largest Ethereum wallets have been stacking up ETH at an alarming rate, suggesting that these large investors expect the price to keep going up. Ethereum Whales Buy $124 Billion Worth Of Tokens Santiment reports that the top 200 Ethereum whales have been buying ETH since November 21, 2022. This was just a few weeks after the FTX crypto exchange filed for bankruptcy, sending cryptocurrency prices across the space into a…
Chainlink has announced that its Staking v0.2 mechanism will go live on November 28, 2023, at 12 p.m. ET. The process will begin with Priority Migration followed by Early Access and General Access. Staking v0.1 successfully launched with a pool of 25 million LINK tokens, forming the foundation for Chainlink Staking v0.2. Simply put, staking has always been at the center of Chainlink Economics, and it is now moving forward with a bigger pool. The total pool size is 45,000,000 LINK. Community Staking Allotment is at 40,875,000 LINK, while Node Operator Staker Allotment stands at 4,125,000 LINK. The minimum stake…
Matrixport, a leading digital finance platform, today, November 22, released a comprehensive research note focusing on the significant implications of yesterday’s developments in the crypto industry, particularly regarding the prospects of a spot Bitcoin Exchange-Traded Fund (ETF) in the United States. Following the guilty plea of Binance CEO Changpeng Zhao (CZ) and the substantial financial settlements involved, Matrixport suggests that the path for approving a spot Bitcoin ETF might have become significantly clearer. The note highlights the regulatory crackdowns and compliance upgrades in the crypto sector, indicating a shift towards greater regulatory alignment with traditional financial (TradFi) systems. “Some would…
Ethereum recently cleared the $2,000 price level again in the past 24 hours, as filings of Spot Ethereum ETFs in the US start to pile up. New on-chain data has shown a clearer sentiment among ETH investors, and it looks like many are getting ready for the long haul. Data shows that the amount of Ethereum held on exchanges has dropped since the middle of last week to the lowest levels since 2018. That means fewer people are selling their Ethereum, and more are holding onto it or staking it. Ethereum Exchange Supply Plummeting Although Ethereum is still down by…
Pyth Network has successfully come up with its permissionless mainnet, which will open the doors for futuristic token-led governance for the protocol. It will now be possible for users taking part in the ecosystem to connect with Pyth Governance via blocking their PYTH tokens within the Pyth staking program. Users will have the option to cast their votes on community governance suggestions. On-chain governance comes with crucial protocol issues such as the reward system for the suppliers of data, the size and price of the oracle’s fees, and the option of price feeds registered on the network. Pyth Network contributors…
Technical analysis is pivotal in cryptocurrency trading, furnishing invaluable insights for traders navigating the volatile waters, particularly in futures trading scenarios. With Ethereum’s present valuation at $1938, comprehending the nuances of technical analysis becomes indispensable for stakeholders in this widely followed digital currency. Essentially, technical analysis entails scrutinizing historical statistical patterns to prognosticate forthcoming price fluctuations rooted in the ebb and flow of supply and demand dynamics. Identification of bullish trends, followed by buyer activity and bearish trends, steered by seller influence, becomes feasible through technical analysis, aiding traders in pinpointing potential trading opportunities. As the cryptocurrency landscape evolves, comprehending…
The U.S. Securities and Alternate Fee (SEC) mentioned on Nov. 20 that it has filed prices towards the cryptocurrency alternate Kraken. The regulator accused Kraken of working an unregistered securities alternate, dealer, seller, and clearing company. It alleged that Kraken has introduced in tons of of tens of millions of {dollars} of income since 2018 by illegally facilitating the acquisition and gross sales of securities with out registering with the SEC, as is required by legislation. The SEC moreover mentioned that the corporate’s failure to register has prevented prospects from receiving protections corresponding to regulatory inspections, safeguards towards conflicts of…
The potential approval of a spot Bitcoin ETF in the United States has stirred considerable attention in recent weeks. Dan Morehead, CEO and founder of Pantera Capital, has now shared valuable insights on this matter in his latest “Blockchain Letter”, emphasizing the unique circumstances surrounding this event. Morehead challenges the traditional Wall Street mantra, “Buy the rumor, sell the news,” questioning its relevance in the current spot ETF context. He reflects on how this adage played out historically, specifically citing the CME Futures launch and Coinbase’s public listing. Both instances exhibited significant price surges in the BTC market before their…