Author: NBTC
The asset management giant BlackRock’s (BLK) clients have “a little bit” interest in Ethereum, compared to bitcoin (BTC), head of digital assets Robert Mitchnick said. “I can say that for our client base, bitcoin is overwhelmingly the number one focus and a little bit Ethereum,” he said during a fireside chat at the Friday Bitcoin Investor Day conference in New York. For every other crypto asset, he said, demand is “very, very little.” Perhaps it’s only fitting that when asked about if BlackRock will be launching an exchange-traded fund (ETF) related to memecoin dogwifhat (WIF) anytime soon, Mitchnick said he…
Oliver Sleafer previously served as head of liquidity management in APAC for Stripe and Credit Suisse. Backpack was founded by two alums of Sam Bankman-Fried’s collapsed crypto empire. The crypto exchange recently raised $17 million in Series A funding at a $120 million valuation. Backpack, the crypto exchange founded by former FTX and Alameda executives, has appointed Oliver Sleafer as its new chief financial officer (CFO). Sleafer joined Backpack last October as its head of treasury. Two years ago, he was head of liquidity management in the Asia-Pacific region for payments company Stripe, having spent the previous five years in…
Bitcoin went on a hot streak, ending February with a rapid rally. Bitcoin, which started the week around $50,000, rose above $64,000 by the end of the week, only 10% below its all-time high of $69,000 in November 2021. However, according to analysts, investors are advised to be careful in March. Yuya Hasegawa, a cryptocurrency market analyst at Japanese Bitcoin exchange Bitbank, warns that the recent price movement appears to be too fast and too large to be sustained over the next month. “Cash inflows into spot bitcoin ETFs appear to be accelerating and overwhelming these technical signals,” the analyst…
According to crypto analyst Ali, nearly 420,000 Ethereum (ETH) have been transferred to various crypto exchanges over the past three weeks. This steady shift of ETH, valued at approximately $1.47 billion, has caught the attention of investors and analysts alike. The influx of such a large volume of Ethereum to exchanges is noteworthy because it can imply a variety of strategies by holders. Typically, large-scale transfers to exchanges can suggest that investors are preparing to sell, potentially leading to a price drop. Nearly 420,000 $ETH have been sent to #crypto exchanges in the last three weeks, worth around $1.47 billion!…
Gate, a major crypto exchange, has announced plans to broaden the trading capabilities of BONE, a token affiliated with the Shiba Inu ecosystem. The move includes the addition of the token to the margin trading section and its availability as a borrowable asset. Traders will now have the opportunity to engage in BONE trading as a USDT token with a third point of leverage. However, it is essential to acknowledge the inherent risks associated with margin trading, characterized by speculation and lack of token ownership. BONE has enjoyed a significant presence on Gate’s platform, primarily within its spot market. This…
Udi Wertheimer is a well-known figure in the cryptocurrency community, particularly recognized for his insights, commentary, and critiques within the Bitcoin and broader blockchain technology space. He describes himself as a developer and a Bitcoin enthusiast, and he has gained a following for his often contrarian and thought-provoking views on various crypto-related topics. Wertheimer is active on social media platforms, where he shares his opinions on the latest trends, projects, and developments in the cryptocurrency world. His background in software development, combined with a keen interest in Bitcoin and its underlying principles, positions Udi as a respected voice among crypto…
John Hoffman, Head of Distributor Partnerships at Grayscale Investments, discussed the emergence of Spot Bitcoin ETFs, their performance, and Grayscale’s important role in the crypto market at a recent NYSE Floor Talk event with Judy Shaw. Spot Bitcoin ETFs represent a combination of two groundbreaking financial innovations, Bitcoin and ETFs. Hoffman highlighted how ETFs have revolutionized investing by simplifying and making it more accessible, while Bitcoin is the world’s leading digital asset with a market capitalization exceeding one trillion dollars. When asked about his recent performances, Hoffman described a promising trend. Despite a slight initial sell-off following GBTC’s listing, Bitcoin’s…
KuCoin, a prominent player in the global cryptocurrency exchange arena, has unveiled GemVote. This new initiative marks a significant shift towards a more democratic process in the curation and selection of cryptocurrencies for listing on their platform. GemVote is designed to empower the KuCoin community, enabling users to have a substantial say in the discovery and backing of new and promising crypto projects. This initiative not only reflects KuCoin’s dedication to fostering a user-centric ecosystem but also sets a new standard for community engagement in the cryptocurrency exchange landscape. Empowering Community Voices By allowing users to nominate and cast votes…
Bitcoin BTC investors and crypto investors more broadly are no stranger to volatility, and 2024 has proven to be a year that continues to reinforce that narrative. With the approval of spot bitcoin ETFs, the possibility of spot ether ETFs soon following, and increasing regulatory clarity in the form of FASB guidance it should come as no surprise that the sentiment for bitcoin and cryptoassets continues to improve. That said, even some of the more optimistic forecasts of the effect that spot ETF approvals would have on price levels have needed to be revised as price levels continue to appreciate…
The U.S. Securities and Exchange Commission postponed a decision on whether to approve Grayscale Ethereum Futures Trust’s Ethereum ETF application, the agency said in a document filed on Friday. Its new deadline is May 30. The Securities Exchange Act of 1934 gives the agency has 180 days or six months from when notice of the proposed rule change is published. The Grayscale application was first filed in September, and the agency deferred making a decision in November. “The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed…