Author: NBTC

Bitcoin and Ethereum are in the news as the European region has emerged as the global leader in available listed cryptos; the Exchange-Traded Products (ETP) market currently lists 221 unique products and has an AUM of $19.86 billion. This important step confirms rising institutional and investors’ interest in crypto-backed financial products, mainly Bitcoin and Ethereum, which dominate 65% of total Assets Under Management (AUM). Europe leads the global crypto ETP market with 221 listed products and $19.86B in AUM. Key trends:– $695.75M net inflows in 6M– $BTC & $ETH dominate with 65% of AUM.– $SOL has a 12% share– Diversified…

Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure. Here’s what happened in the DePin sector recently: VanEck invested $2.5 million into DAWN to provide decentralized wireless service, IoTeX joined the Blockchain Association for DePin political advocacy, Exabits received $15 million in seed funding, and more. VanEck Invests in DAWN In the first piece of news, VanEck invested in DAWN, a DePin Project. DAWN stands for Decentralized Autonomous Wireless Networks, and the firm is attempting to create a DePin wireless service provider. According to a social media post from VanEck, this “AirBnB for…

While regulatory efforts regarding cryptocurrencies continue, new statements came from CMB President İbrahim Ömer Gönül. Speaking to Bloomberg, Gönül made important statements about market regulations, public offerings, and studies on crypto assets. Gönül, who recently stated that secondary regulations regarding cryptocurrencies are coming very soon, announced in his statement today that the regulations will come out in January. The CMB president also stated that the establishment and operating conditions of the platforms will be clarified in order to increase investor security. “We are preparing and will issue secondary regulations regarding cryptocurrency platforms in January, hopefully. We will cover topics such…

Bitget, a prominent global cryptocurrency exchange, has received a Bitcoin Service Provider (BSP) license in El Salvador, positioning the platform to offer a range of Bitcoin services to its customers. But that’s not all—Bitget is also aiming for a Digital Asset Service Provider license to expand beyond Bitcoin and tap into Latin America’s growing digital asset market. Bitget Receive (BSP) license The Central Reserve Bank of El Salvador has officially granted Bitget a Bitcoin Service Provider (BSP) license, allowing the exchange to offer a wide range of Bitcoin services in the country. This includes providing Bitcoin-to-fiat exchanges, BTC payments, and…

In a recent tweet, Billy Markus, the co-founder of Dogecoin who goes by Shibetoshi Nakamoto on X, shared a surprising and somewhat humorous reflection on his past Bitcoin trades. Markus revealed two instances where he sold Bitcoin and the reason behind the sales at the time, which dates back to 2015 when the BTC price was significantly lower. Markus, known for his candid and humorous takes on crypto, reflected on two specific occasions when he sold Bitcoin. if you ever want to feel better about yourself, look at my trades pic.twitter.com/sdJvavKCNn — Shibetoshi Nakamoto (@BillyM2k) December 7, 2024 Markus tweeted:…

Ethereum price failed to settle above the $4,000 zone. ETH is correcting gains and might struggle to stay above the $3,820 support zone. Ethereum started a downside correction from the $4,100 zone. The price is trading below $3,980 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3,940 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it fails to stay above the $2,820 support zone. Ethereum Price Fails Again Ethereum price struggled to stay above the $4,000 level and underperformed…

Chairman of the South Korean Stock Exchange, Jeong Eun-bo, believes the nation should act quickly in institutionalizing the crypto market or risk falling behind other countries. In an interview with South Korean media outlet Maeil Kyungjae, Eun-bo argued the crypto market needs to be institutionalized in the same way that traditional finance has in order to overcome regulatory roadblocks. If they fail to do so, Eun-bo believes South Korea will not be able to compete with countries that have already embraced crypto and put forth regulations that place virtual assets on equal standing with traditional assets. “If we are vague…

Cardano founder Charles Hoskinson has heaped praise on Ripple’s RLUSD stablecoin, describing it as “awesome” in his recent social media post. As reported by U.Today, the stablecoin project, which was initially announced by Ripple in April, is on track to launch this Tuesday on some major exchanges, including Bitstamp. Last week, the product was greenlit by the New York State Department of Financial Services. According to cryptocurrency analytics platform CryptoQuant, nearly $66 million worth of RLUSD tokens have been minted over the past two weeks. Ripple’s Jack McDonald stated that the stablecoin could be used for instant settlement, collateralization, DeFi…

Caroline Crenshaw will not secure renomination as Securities and Exchange Commission commissioner following the cancellation of tomorrow’s Senate Banking Committee scheduled markup vote, according to FOX Business journalist Eleanor Terrett. 🚨BREAKING: A Senate aide has just informed me that tomorrow’s Senate Banking Committee scheduled markup vote on @SECGov Commissioner Caroline Crenshaw has been canceled. She will not be renominated to her position. — Eleanor Terrett (@EleanorTerrett) December 17, 2024 Crenshaw, first appointed to the SEC in 2020 under the Trump administration and renominated by President Biden, has aligned closely with SEC Chairman Gary Gensler on regulatory matters. Her tenure has…

The world’s largest cryptocurrency exchange Binance has announced the 4th and 5th altcoins it has selected for the Binance HODLer Airdrop program, and announced that these are Simon’s Cat (CAT) and Pudgy Penguins (PENGU). Binance later added that it will list Simon’s Cat (CAT) and Pudgy Penguins (PENGU) on 12/17/2024. “Binance is excited to announce that the fourth and fifth projects in the Binance Airdrops program are Simon’s Cat (CAT) and Pudgy Penguins (PENGU). Simon’s Cat (CAT) and Pudgy Penguins (PENGU), Users who subscribed their BNB to Simple Earn Flexible or Locked products between 09.12.2024 00:00 (UTC) and 12.12.2024 23:59…