Author: NBTC

Oklahoma has signed into law a bill protecting crypto-related rights. The Oklahoma State Legislature website indicates Governor Kevin Stitt approved HB 3594 on May 13. The bill comes into effect on Nov. 1. Under the new law, the Oklahoma state government cannot prohibit, restrict, or impair the use of crypto in purchases or the self-custody of crypto. Furthermore, state and local governments cannot impose additional taxes or other charges specifically targeted at crypto. Taxes on legal tender apply. Mining and other protections HB 3594 also protects home crypto mining and mining businesses by declaring it legal to participate in either…

While to the greater Bitcoin culture, Bitcoin halvings are seen as a celebratory event, for miners, things tend to be a tad stressful. As Bitcoiners around the world gather to celebrate block 840,000, miners are hunkering down and preparing for their reward for mining blocks to decrease by 50%, while the cost of their operations remains the same. With the next bitcoin halving scheduled to occur on April 19, one might imagine that Fred Thiel, CEO of Marathon Digital Holdings, the largest publicly-traded Bitcoin mining company in the world, might be worried. But after sitting down with Thiel just days…

Investment companies eager to introduce the first ETFs based on Ethereum face potential disappointment. The U.S. Securities and Exchange Commission (SEC) has not yet indicated it is ready to approve such products. After months of silence, the US regulator is expected to announce its decision next week on at least one application for an ETF that invests directly in Ethereum, the world’s second-largest cryptocurrency. Some fund companies are expecting a rejection, citing less robust private dialogues with the SEC than before the approval of spot-Bitcoin ETFs in January. In the weeks leading up to the approval of Bitcoin ETFs, fund…

Bank of America raised Coinbase to neutral from underperform and boosted its price target to $217 from $110. The current macro backdrop has been positive for crypto market cap growth and trading volumes, the report said. The bank said risks include the exchange’s continued dependence on transaction revenue and the company’s ongoing lawsuit with the SEC. Coinbase (COIN) shares rose 2.5% in pre-market trading on Friday after Wall Street giant Bank of America (BAC) upgraded the shares to neutral from underperform. The investment bank raised its Coinbase price target to $217 from $110. The stock was trading around $204 at…

DWF Labs, a prominent cryptocurrency market maker and Web3 investing firm, has recently announced new token listings. As per the announcement, the platform mentioned 7 trading pairs that it is listing on its project DWF Liquid Markets to provide users with more trading options. The company disclosed the news of this move on its official account on X. Good news is coming! New listings are available on DWF Liquid Markets. 🔥The trading pairs available are:– AXL/USDT (@axelarnetwork)– DECHAT/USDT (@dechat_io)– AIOZ/USDT (@AIOZNetwork)– MBOX/USDT (@MOBOX_Official)– ZKB/USDT (@ZKBaseOfficial)– ZCX/USDT (@unizen_io)-… pic.twitter.com/NbgNQKINqH — DWF Labs (@DWFLabs) May 6, 2024 DWF Labs Lists 7 Exclusive…

The US Senate plans to vote on Joint Resolution 109 on Thursday, and sources on and around Capitol Hill say they believe the measure will draw enough Democrat support to pass. Joint Resolution 109, which passed the House of Representatives last week with bipartisan support, aims to invalidate the Security and Exchange Commission’s controversial Staff Accounting Bulletin (SAB) 121. SAB 121, introduced in March 2022 and enacted the following month, states that digital asset custodians should report a liability and “corresponding assets” on their balance sheets for all custodied cryptocurrencies. While not an official agency rule, which would have required…

The decline in Bitcoin and altcoins, which started after the tension between Iran and Israel at the weekend, continued during the week and BTC dropped below $ 60,000. While this decline made some investors nervous and caused them to stay away from the market, some investors turned the decline into an opportunity and increased their purchases. Lookonchain also shared two whales that turned the decline into an opportunity. Accordingly, the whale, which has collected a total of 3,760 BTC worth approximately $ 242.55 million since March 21, again made a significant purchase from Binance. Finally, the average purchase price of…

Crypto exchange Coinbase believes the odds of the SEC approving spot Ethereum ETFs by the end of the month stand between 30% to 40%. In a May 15 report, Coinbase Institutional Research Analyst David Han asserted that the main factor that led the SEC to approve spot Bitcoin ETFs — the correlation between CME futures product and spot exchange rates — could also lead it to approve spot Ethereum ETFs. Han said there is “room for surprise to the upside on this decision,” both on prediction markets and in the fact that Grayscale Ethereum Trust is trading at a 24%…

Video game store turned meme stock GameStop has filed to sell up to 45 million of its GME shares. This move will see the total number of shares increase by as much as 15%. This comes the same day that GameStop filed its preliminary Q1 results which revealed that net sales have decreased 30% compared to last year. That said, the company’s net loss is expected to be up to $23.5 million less than last year, although this could still leave GameStop with a net loss of up to $37 million. If GameStop is able to sell 45 million shares…

QUBIC, the native token of the L1 blockchain Qubic, has surged by 21% in the last 24 hours as analysts predict a 1000x potential rise in an anticipated altcoin season. At the time of writing, QUBIC is trading at $0.000007 with a 24-hour trading volume of 2.60 million, up 84.5% as per data by CoinMarketCap. The asset has a market cap of $616.33 million. QUBIC 24-hour price chart | Source: CoinMarketCap Qubic is an open-source, community-driven project focused on developing artificial intelligence (AI) infrastructure through a decentralized network. Led by founder Sergey Ivancheglo, the platform introduces novel concepts like useful-Proof-of-Work…