Author: NBTC
Cryptocurrency journalist Eleanor Terrett recently shared some thoughts on the approval of Ethereum spot ETFs by the Securities and Exchange Commission (SEC). Once-high optimism about the SEC approving Ethereum spot ETFs by May 23 is now waning, according to the journalist. In recent weeks, meetings between companies, asset custodians and the SEC have been largely one-sided. Companies and custodians are trying to mobilize SEC officials to start the process, but officials are not stepping in in any meaningful way as they did with Bitcoin spot ETF applications. The reason behind this lack of engagement is believed to be due to…
As interest in Shiba Inu continues to gain momentum, Localcoin has presented an opportunity for Australian users to purchase SHIB from over 160 ATMs in the country. Leading crypto ATM provider, Localcoin has announced that Australian residents can purchase Shiba Inu (SHIB) at over 160 Bitcoin ATMs. In addition, users can buy Tether (USDT) at any of the Localcoin ATMs in Australia. The company made the announcement in an X post yesterday, emphasizing that it now has wider coverage in Australia. Calling all Australian users. You can now buy Tether (USDT) and SHIB Inu (SHIB) in 160+ Localcoin Bitcoin ATMs!…
Despite bitcoin reaching another all-time peak on Monday, publicly traded mining stocks commenced the day with percentage declines. Stock linked to companies such as Marathon, Cleanspark, Riot, and various others have diminished in value compared to the U.S. dollar, even as bitcoin celebrates fresh price milestones. Mining Stocks Tumble on Nasdaq Nasdaq-listed bitcoin (BTC) miners are experiencing a downturn on Thursday, despite the premier cryptocurrency achieving new highs against the U.S. dollar. BTC soared to $72,486 on Monday, Mar. 11, 2024, yet shares of most bitcoin mining companies have decreased in value following a brief recovery last week. Last week,…
The creator of BRC-20 (Bitcoin Request for Comment 20), Domo, has announced his non-profit foundation is now dedicated to the governance of the BRC-20 protocol. This organization, known as the Layer 1 Foundation (L1F), will collaborate with Ordinals companies such as Unisat and Best In Slot to oversee the protocol’s maintenance, according to a press release sent to Bitcoin Magazine. “The goal is to support the growth of Bitcoin metaprotocols on Ordinals and beyond,” said BRC-20 Creator, Domo. “BRC-20 was an early experiment—but we’re seeing a wave of standards that need tools, infrastructure and support to thrive. We hope to…
As the results from Super Tuesday races across the US trickle in, some of the financial contributions from several crypto-focused political action committees appear to have paid off. Congressional hopefuls from Texas, California, North Carolina, Alabama, Indiana and West Virginia accepted eleventh-hour help from crypto-geared super trio PAC Protect Progress, Fairshake and Defend American Jobs — and many of them appear to be winning. In what appears to be a successful use of funds, Fairshake doled out more than $10.1 million in recent weeks on advertisements and air time against Rep. Katie Porter in California’s open primary for a US…
President Nayib Bukele responded humorously to a social media post on March 7, highlighting the legal troubles of one of his country’s prominent critics in Capitol Hill. Bukele quoted a post on X (formerly Twitter) with a laughing emoji. The post detailed Senator Bob Menendez’s indictment, adding a touch of irony to the situation. Senator Menendez, a vocal critic of El Salvador’s Bitcoin policy, is facing bribery and obstruction of justice charges in the US. Menendez Indictment Unveiled Amidst Bribery Charges Senator Menendez and his wife, Nadine Menendez, were charged in a new 18-count indictment, including obstruction of justice. These…
Ethereum price is still struggling to clear the $4,000 resistance zone. ETH might consolidate for some time above $3,600 before the bulls gain strength. Ethereum traded to a new multi-month high above $3,980. The price is trading near $3,850 and the 100-hourly Simple Moving Average. There is a short-term breakout pattern forming with resistance at $3,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its increase if it clears the $3,950 resistance zone. Ethereum Price Revisits $4K Ethereum price extended its rally above the $3,900 level, like Bitcoin. ETH cleared the $3,950 level and…
MakerDAO CEO Rune Christensen made more profits on Shiba Inu trading than Tron CEO Justin Sun, as the latter made an early exit from the SHIB market. These industry veterans’ Shiba Inu trades recently came into the spotlight as crypto analytics platform Lookonchain pointed out the profits and losses made by Rune and Justin Sun as SHIB hit multi-year highs this week. Lookonchain noted that Rune Christensen sold off some of his SHIB holdings and acquired 619 MKR for approximately $1.3 million at an average price of $2,100. The Game-Changing Shiba Inu Moves Per the Lookonchain data, Rune injected 500,000…
Korea-based crypto exchanges registered a trading volume of 12 trillion won on Sunday, surpassing Friday’s stock market tally of 11.47 trillion won. Koreans are increasingly turning to alternative investments, with altcoins being preferred over major assets like BTC or ETH. Rising bitcoin (BTC) prices have revived a crypto trading frenzy in South Korea, with volumes on local exchanges crossing those in the local stock market last week. Local media reported that trading volumes on South Korea-based crypto exchanges totaled a record 11.8 trillion won (KRW) on Sunday, or $9 billion at the going USD-KRW exchange rate. These topped Friday’s South…
In the dynamic landscape of blockchain technology, the vitality of validator communities cannot be overstated. These communities serve as the bedrock of decentralization, influencing the trust and security that underpin the entire ecosystem. Armagan Ercan, Validator Communication Lead at Gnosis Chain, offers a compelling exploration into the strategies employed to cultivate a resilient and geographically diverse validator community.—With Gnosis Chain’s recent surge, boasting a staggering 200,000 validators and over 2,000 nodes spread across 70 countries and 5 continents, the significance of community-driven decentralization has never been more apparent. Surpassing all but Ethereum, Gnosis Chain’s validator community stands as a testament…