Author: NBTC
The Securities and Exchange Commission cleared 11 spot bitcoin ETFs Wednesday. Now, those funds are preparing to start trading. The SEC first approved what are known as 19b-4 proposals filed by the Cboe BZX Exchange, Nasdaq and NYSE Arca — the stock exchanges on which the funds are to be listed. Registration statements, or S-1s, by the issuers were then made “effective” — a final step toward launch. With a bunch of similar ETFs set to launch Thursday, industry watchers have said competition among the bitcoin funds will be fierce. The various asset managers have so far looked to differentiate…
Bitcoin OG, financial journalist Max Keiser, continues his “war” against altcoins and their proponents. Once again, he has taken a dig at the founder of Cardano and a cofounder of the Ethereum blockchain, Charles Hoskinson. This time, Hoskinson did not hold back and struck back at Keiser on X/Twitter too. Keiser’s critique of Hoskinson faces reminder of MaxCoin Max Keiser frequently posts both humorous and sometimes serious tweets when he criticizes altcoins and founders of blockchains other than Bitcoin. This time, he posted a tweet, accusing Charles Hoskinson of dealing with “s-coins.” However, some Twitter users reminded Keiser that in…
Bitcoin whales, or large investors with ample capital supply, have been on massive accumulation, notably since the approval of the Bitcoin spot ETFs in the United States. According to crypto analyst Ali, Bitcoin whales have been on a buying spree, acquiring 140,000 BTC over the past three weeks, amounting to $6.16 billion. The first set of Bitcoin ETFs went live in the United States on Jan. 11, after a decade-long tussle. The approval of the Bitcoin ETF, which allows investors to gain exposure to Bitcoin without holding the actual asset, is seen as a milestone for the crypto industry, as…
Jeju Island, a subtropical province off the South Korean mainland’s south coast, says it wants to use non-fungible tokens (NFTs) to transform its economy. According to CNB News, the island – which has its own legal and administrative status – wants to use NFTs to spark growth in the tourism industry, agricultural, livestock, and fisheries sectors. Jeju Island Revamps Crypto Hopes? Jeju officials have been trying to use the island’s legal system to foster crypto-powered growth since 2018. Little has come of such efforts so far, however. Seoul has thus far refused to budge on its hardline stance on ICOs,…
Ethereum Classic price forecast: ETH has emerged as a standout in the decentralized blockchain sector, with its price making a remarkable jump of 5% within a mere 24-hour window. Currently, the Ethereum Classic price is trading at $36.41. This upward trajectory suggests a bullish trend is unfolding in the market for Ethereum Classic. Ethereum Classic’s trading volume has seen a robust increase, soaring over 196% to reach $1.7 billion in the same time frame. This surge in trading activity points to a heightened interest from the cryptocurrency trading community. Positioned 22nd on CoinMarketCap, Ethereum Classic boasts a live market capitalization…
Bitcoin (BTC) price surged to above $48,000 again on Thursday as spot Bitcoin ETFs made their market debut following SEC’s approval on January 10, 2024. BlackRock’s Bitcoin ETF ($IBIT) traded $7.5M shares within the first 10 minutes as spot ETFs roared into the ecosystem. Bitcoin’s price shot past the $48,000 level on Thursday as the market opened to welcome the first trading day of spot Bitcoin ETFs in the US. The benchmark cryptocurrency’s price was up 8.8% to $48,875 at the time of writing, with a market capitalization of about $950 million. The price surge coincided with a stellar start…
Blast, an Ethereum layer-2 scaling solution, aims to address the Ethereum network’s scalability challenges. It has attracted significant interest by securing a total value locked (TVL) of over $1.4 billion and fostering a growing ecosystem of applications and users. Blast differentiates itself with features including native yields for ETH and stablecoins, facilitated by auto-rebasing mechanisms and collaborations with real-world asset protocols. Blast’s testnet went live in January 2024 ahead of a planned mainnet launch in February. Key features and innovations Native Yields: Blast is distinctive for offering native yields on ETH and stablecoins, a feature uncommon among layer-2 solutions. This…
Prominent crypto entrepreneur and vocal advocate for Bitcoin Samson Mow has stirred anticipation with his latest predictions tying BTC to the auspicious year of the Green Dragon in the Chinese zodiac. Mow, known for his bullish stance on Bitcoin, suggests that the convergence of the Year of the Green Dragon with Bitcoin could catalyze what he terms the “Omega Candle” in the crypto markets. 2024, dubbed the Year of the Green Dragon, symbolizes wealth and prosperity in Chinese culture. Mow posits that this alignment bodes well for Bitcoin, emphasizing its role as a tool for creating generational wealth. Drawing parallels…
Grayscale’s bitcoin fund (GBTC), the largest bitcoin investment vehicle, has seen its discount to net asset value (NAV) shrink to 0% for the first time since February 2021. This comes as the company got the all clear from the U.S. Securities and Exchange Commission on Wednesday to convert the fund into a spot bitcoin exchange traded-fund (ETF), which began trading on Thursday morning (alongside 10 other ETFs). The fund had traded at a discount to the price of the Bitcoin it held since February 2021 and hit record lows of nearly 50% in December 2022. GBTC’s discount to NAV began…
The PIXEL token is almost here. Pixels, a popular crypto game running on the Ronin network, announced late Wednesday that it will debut the game’s token with the debut of a Binance Launchpool promotion that will reward users with token incentives. Crypto exchange Binance will roll out the token with its Launchpool promo, which lets Binance customers earn PIXEL in return for staking either Binance’s BNB or the FDUSD stablecoin in respective liquidity pools. In total, 350 million PIXEL will be offered through the Launchpool campaign, representing 7% of the total token supply. The Launchpool run-up begins Friday, February 9…