Author: NBTC
Harvest Fund Management has officially submitted an application for the first spot Bitcoin exchange-traded fund (ETF) in Hong Kong. This move comes in response to the recent approval of spot Bitcoin ETFs in the United States and the guidelines released by the Securities and Futures Commission (SFC) of Hong Kong in December 2023. Venture Smart Financial Holdings Ltd. (VSFG) has announced its intention to submit an application to the Securities and Exchange Commission (SFC) for a spot Bitcoin ETF. This move aligns with the growing interest among asset management companies, including Samsung Asset Management, to explore the potential of spot…
Telegram trading bot BONKbot has partnered with Birdeye to help Solana-based traders access advanced analytics and execute trades seamlessly. By integrating a direct link to BONKbot from Birdeye’s interface, users can easily transition from analyzing comprehensive trading charts on Birdeye to executing trades via BONKbot with just a click. This aims to streamline the trading process on the Solana network and significantly benefits BONK token traders by providing them with real-time data and insights to make decisions. Our partnership with Birdeye is getting leveled up and you can now go direct to BONKbot from inside the @birdeye_so siteClick the BONKbot…
FutureBit, a leading provider of consumer-focused Bitcoin products, has unveiled its Higher Ed Pilot Programs in collaboration with universities across the United States, according to a press release sent to Bitcoin Magazine. This initiative marks one of the first instances of bringing Bitcoin hardware into academic settings, with Rutgers University Business School being among the initial partners. Announcing our Higher Ed pilot programs with campuses across the US! One of the first is with Professor Guthner @RutgersBSchool and @RutgersU!Our ability to provide plug and play vertically integrated Bitcoin systems across schools will spearhead education for the next… https://t.co/YUAoBP1yVg — FutureBit…
After facing rejection from the formidable resistance zone at $2.6K, Ethereum underwent a substantial downturn, breaking through multiple critical support levels. However, it has now landed at a substantial and decisive range, suggesting the possibility of a bullish reversal. By Shayan Ethereum Price Analysis: The Daily Chart A detailed analysis of Ethereum’s daily chart reveals a notable rejection after attempting to surpass the $2.6K resistance, resulting in a 20% decline. Concurrently, the price breached two vital support zones, the upper boundary of the multi-month ascending wedge and the lower boundary of the short-term expanding wedge, signaling prevalent selling pressure in…
Binance Labs, the venture capital and incubation arm of Binance, has invested in Puffer, a decentralized and permissionless native liquid restaking protocol (nLRP) that combines Ethereum liquid staking with native restaking on EigenLayer. The invested funds will be used to develop Puffer’s open-source technologies, its nLRP, and novel actively validated services (AVSs) built as part of Puffer’s verticalized infrastructure including a Layer 2 (L2). Puffer will bring its native liquid restaking token (nLRT) to BNB Chain users so they can earn Ethereum PoS and restaking rewards. Ethereum validators currently face high costs and risks, often leading to institutional control and…
Some sizable gaming token unlocks are set to take place between now and the end of February, increasing the circulating supply for tokens tied to games like The Sandbox (SAND) and Parallel (PRIME). These unlocks could impact the market price, so traders keep tabs on such moves. The Sandbox is up first, according to estimates from crypto dashboard TokenUnlocks, with 205.59 million SAND expected to be unlocked on Wednesday between team, advisor, and company reserve allocations. That tally represents about $99.2 million worth of SAND at the current price, and equals about 9.2% of the current circulating supply. On February…
The price of bitcoin soared past the $52K milestone on Wednesday, reaching $52,056 per unit on Bitstamp at 10:05 a.m. Eastern Time. Bitcoin’s meteoric rise over the past day triggered a wave of liquidated leveraged positions, wiping out $89.28 million in short positions. ‘Sustained High Levels of Illiquid Supply’ Bolster Bitcoin’s Price After the U.S. Securities and Exchange Commission (SEC) approved the new spot bitcoin exchange-traded funds (ETFs), bitcoin (BTC) prices rocketed to $49K then plummeted to a low of $38,500 on Jan. 22, 2024. Since then, BTC has steadily climbed in value. Over the past two weeks, BTC has…
It should come as no surprise that the U.S. Securities and Exchange Commission (SEC) is not jumping on the ether (ETH) exchange-traded fund (ETF) bandwagon. Yesterday, the agency punted on BlackRock’s ETH ETF proposal, filed initially in November, a few months after the asset manager unexpectedly decided to try to launch a spot bitcoin fund. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here. “The Commission finds it appropriate to designate a longer period within which to take action…
The United Arab Emirates (UAE) has settled its first cross-border payment to China using the Central Bank Digital Currency (CBDC). On a historic day for global finance, $13.6 million in Digital Dirham was sent via mBridge’s distributed ledger technology. For this payment, Sheikh Mansour bin Zayed Al Nahyan sent AED50 million, worth $13.6 million, with the Digital Dirham. In particular, the Digital Dirham was sent through the ‘mBridge’. This distributed ledger technology (DLT) uses CBDCs for international fund transfers between participating banks.Notably, Sheikh Mansour is also UAE’s Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of…
Richard Teng, the new chief executive of Binance, the largest cryptocurrency exchange by trading volume, took to his Twitter/X account to issue a comment on the crucial milestone reached today by Bitcoin in terms of market capitalization value. The world’s largest cryptocurrency not only surpassed the $51,000 level today, but it also regained $1 trillion market capitalization for the first time since 2021. Teng tweeted that this was a “big milestone for Bitcoin.” Big milestone for #Bitcoin https://t.co/PK9iVhfbYH — Richard Teng (@_RichardTeng) February 14, 2024 Earlier today, on-chain data aggregator Glassnode pointed out that with this rise, Bitcoin surpassed such…