Author: NBTC
On-chain analysts predict a new Chainlink (LINK) exchange-traded fund (ETF) will soon launch. LINK tokens are accruing utility in the tokenization space as companies move beyond blockchain ETFs into real-world asset tokenization. One analyst has pointed out that the use of LINK by ARK Invest to prove its Bitcoin holdings may be a sign a new ETF is imminent. How Chainlink Could Get an ETF ARK’s ETF partner, 21 Shares, currently holds 693,639 LINK tokens. The ETF provider offers these tokens to institutional investors, meaning the company already has a market for a Chainlink ETF. 21Shares is the largest crypto…
London braces for an influx of crypto exchange-traded products, sparking enthusiasm among large crypto ETF providers. As London prepares to embrace a new era of crypto exchange-traded products (ETPs), financial giants like CoinShares, WisdomTree, and ETC Group, are eagerly eyeing opportunities to list their offerings on the London Stock Exchange (LSE), the Financial Times has learned. The relaxation of regulations by the Financial Conduct Authority (FCA) signals a noticeable shift, yet criticism arises as the FCA still bars retail investors from accessing crypto ETPs on the LSE. While Bradley Duke, chief strategist of ETC Group, Europe’s largest crypto fund, emphasized…
The collaboration between the Shibarium Network and Tangem represents a significant stride forward for the Shiba Inu ecosystem. Shibarium, serving as a cornerstone within the Shiba Inu community, has joined forces with Tangem, a renowned provider of secure cold wallet solutions. This partnership introduces a robust cold wallet solution tailored specifically for Shiba Inu token holders, addressing the critical need for enhanced security and ease of asset management. With the integration of Tangem’s technology, users can now securely store and manage their SHIB tokens with confidence, knowing that their digital assets are safeguarded against potential threats. Tangem’s Cold Wallet Solution…
Blockchain-focused Figure Technologies has secured $60 million in a bid to build a decentralized competitor to the largest centralized crypto exchanges. The company also looks to offer an alternative to stablecoins. Called Figure Markets, the new exchange seeks to use the Provenance blockchain — which Figure helped develop — to be a marketplace for a range of securities, including equities, fixed income, alternatives and crypto assets. Jump Crypto, Pantera Capital and Lightspeed Faction led the $60 million Series A funding round. Figure CEO Mike Cagney acknowledged that many exchanges have launched without much success in usurping the two titans in…
The Bitcoin (BTC) price rally seems to be absolutely unstoppable as the largest digital asset surges by another 8% pretty close to hitting its new all-time highs. At press time, Bitcoin is trading at $68,200 with a market cap of $1.340 trillion. With this, BTC’s gains on the weekly chart exceed 22%. Interestingly, the Bitcoin price has already touched new all-time highs in EUR. Bitcoin Price Rally to $70,000 And Above Likely? Insights from on-chain data provider Santiment indicate that Bitcoin’s current market value of $68.0K is remarkably close to its all-time high (ATH) of $68.6K, with just a 0.9%…
An ex-parte motion in Nigeria’s crackdown on Binance looks set to expose internal platform information to regulatory scrutiny. A Federal High Court in Abuja, Nigeria’s capital, has ordered Binance to turn over data on all its exchange users to the Economic and Financial Crimes Commission (EFCC) in an investigation into suspected money laundering, foreign exchange rate manipulation, and terror financing. In a March 18 court hearing, EFCC operative Hamma Bello said the agency’s Special Investigation Team was alerted to suspicious activity and petitioned the crypto exchange to cease all naira-related trading facilities. Nigerian authorities initially requested up to six months…
Bitcoin surges, nearing previous ATH of $69,000, stirring crypto market excitement. Altcoins, including memecoins, experience exponential gains amid Bitcoin’s bullish momentum. Analysts anticipate a new Bitcoin ATH, ranging from $100,000 to $210,000 post-halving. In a whirlwind of market excitement, the price of Bitcoin (BTC) teases the crypto community by almost meeting its previously set ATH of $69,000. Just a few hours earlier BTC price surpassed $68,000 and then dipped back to the $66,000 range. $2k-$4k $BTC dumps are now just normal market activity. Get used to the new normal 🤝 — Satoshi Flipper (@SatoshiFlipper) March 4, 2024 Over the last…
Notcoin, a game on messaging app Telegram that will reward players with crypto tokens, has quickly grown into a viral sensation with over 26 million players to date. But the amount of “mined” Notcoins that turn into real, airdropped NOT tokens could fall substantially if users aren’t still playing. On Friday, the project announced on Twitter and via the official Telegram community that it will begin purging mined coins from accounts that have been inactive for 30 days, suggesting that the policy is about to get underway following the short 29-day month of February. “We start burning Notcoins of inactive…
A couple of days ago, MEXC Futures, a quite popular platform for futures trading, informed the users about their approach to letting traders use less leverage on futures trading. Effective from 05:10 UTC on 18th March 2024, the platform will be implementing the dropping of the maximum leverage multiplier for specific future trading pairs. This strategic change is made to fully implement this platform’s vision to provide a secure and efficient trading environment. The trading pair for this new policy is GROKUSDT, which will change the maximum leverage from 75 to 50. The recent release of various margin limits on…
Deribit DVOL index, a measure of expected price volatility over the next 30 days, has surged to an annualized 76%, the highest since November 2022. The surging volatility has some traders “overwriting calls” to generate additional income. Deribit registers decent trading activity in bitcoin calls at strikes as high as $200,000. Crypto exchange Deribit’s bitcoin volatility index, DVOL, a measure of how much market participants believe prices will move over the next 30 days, has surged. The jump is good news for bitcoin (BTC) holders looking to generate additional income from the options market. The 30-day implied volatility index has…