Author: NBTC
While the leading cryptocurrency Bitcoin exceeded $ 46,000 with its strong rise, the largest altcoin Ethereum approached $ 2,500. While analysts generally remain optimistic for the ETH price, given the expectation that spot Ethereum ETF applications will be approved in May, option data also gives a positive signal. According to data from Deribit, Ethereum call options expiring in June are concentrated around the $4,000 price. Speaking to The Block, Deribit Commercial Officer Luuk Strijers also shared the charts for Ethereum call options and said that investors are waiting for $ 4,000 in ETH: “As you can see from Deribit data,…
Commercial Bank International PJSC (CBI) and Fuze, a digital asset infrastructure provider, have signed a Memorandum of Understanding (MoU) to explore and develop digital asset solutions within the UAE’s comprehensive regulatory frameworks. According to a statement shared on Zawya, this partnership signals a pivotal step in addressing the rising demand for regulated cryptocurrency services in the region. This collaboration is driven by the growing demand for safe and regulated digital assets platforms in the UAE. The partnership aims to promote new use cases for digital assets, focusing on investments and payments. Giovanni Everduin, the Chief Strategy and Innovation Officer of…
The LUNC proposal 12059 has stirred concerns due to its ambiguity regarding liabilities. This lack of clarity poses potential risks for contributors involved, including @Genuine__Labs, Tax2Gas team, JL1TF, and other KYCed engineers. If passed without addressing these liability concerns, the proposal could have significant implications for all involved parties. The ambiguity surrounding liabilities in LUNC proposal 12059 has raised red flags among stakeholders. Without clear terms outlining liability responsibilities, contributors such as @Genuine__Labs, Tax2Gas team, JL1TF, and other KYCed engineers are left vulnerable to various harmful interpretations and potential legal ramifications. This uncertainty threatens their ability to participate effectively in…
US-based spot Bitcoin ETFs have accumulated close to $37 billion in assets under management (AUM) within the first 25 days of trading, according to market data. Incidentally, the total AUM of Bitcoin ETFs is a sizeable fraction of the overall AUM of gold ETFs, according to data shared by Bitcoin Archive. The $37 billion AUM of spot Bitcoin ETFs is equal to 39.8% of the $93 billion AUM of gold ETFs and 28.5% of both classes’ combined $130 billion AUM. Bitcoin ETFs could outpace gold ETFs Bloomberg ETF analyst Eric Balchunas commented on the 25-day growth of the ETFs, stating:…
MakerDAO, a blockchain protocol, is strategically positioning itself as a frontrunner in the real-world assets (RWA) sector, gaining significant attention within the crypto industry in recent times. “MakerDAO has strategically diversified its revenue by incorporating US Treasury bonds into its portfolio,” the recent report states. RWA is a Large Portion of Maker DAO Income Stream A recent report indicates that Maker DAO’s choice to invest in US Treasuries in June 2023 appears to be yielding positive results. It positions Maker at the forefront of the real-world assets (RWA) sector. RWAs represent on-chain counterparts of physical world or traditional finance assets,…
The blockchain technology forms the base for non-fungible tokens (NFTs) and protects from counterfeiting or tampering through encryption protocols. Blockchain ensures transparency, authenticity, immutability, and much more by recording transactions and ownership changes on the network and assigning unique identifiers or tokens to every NFT. Moreover, blockchain’s decentralized and autonomous nature has reduced the potential risk of manipulation and fraud in the NFT market, further enhancing transparency and trust. In this article, we will redefine the strengths of blockchain and how Blockchain technology empowers the NFT domain. The Basics of NFTs NFT, short for non-fungible tokens, refers to digital tokens…
The price of Bitcoin (BTC) seems to be losing momentum after its bullish breakout to the $52,000 price mark, but some patterns indicate further optimistic activity may be ahead. Bitcoin Price To Reach $61,000 On Thursday, Titan of Crypto, a well-known cryptocurrency analyst shared an interesting prediction for Bitcoin in the near future on the social media platform X (formerly Twitter) sparking hope within the community. Titan of Crypto pointed out in the post that Bitcoin is about to form a trend that he called a “Bull Flag formation.” As a result of this latest action, he has placed a…
The Ethereum Mainnet is set to undergo a major upgrade that will potentially make transactions on layer-2 networks faster and cheaper. Ethereum developers revealed this week that the next major upgrade to the network, dubbed Dencun, is set to go live on March 13, 2024. The provided timeline comes after a lengthy period of testing the upgrade on various testnets, including the Holesky testnet, earlier this week. Almost 2 years later, protodanksharding is finally slotted to go live on Ethereum Mainnet March 13th! 🎉 https://t.co/Kz9QkUWMMH — liam.eth (@liamihorne) February 9, 2024 While Ethereum has rolled out several upgrades throughout the…
Nishchal Shetty, the CEO and Founder of WazirX, a leading crypto exchange in India, has advocated for the integration of Central Bank Digital Currencies (CBDCs) onto public blockchains. In a recent statement, Shetty highlighted the potential benefits of this integration, particularly in mitigating risks associated with existing stablecoins. WazirX Founder Believes CBDC Can Mitigate Stablecoin Risks In a post on X, Shetty urged the integration of CBDCs onto public blockchains to offer a compelling solution to mitigate stablecoin risks. He noted that by leveraging programmable CBDCs on decentralized networks, users gain direct control over the assets backing stablecoins. Thus, it…
The AI blockchain sector is closing in on a $10 billion market cap following the meteoric surge of Bittensor, which is up 140% over the past 30 days. Native token TAO surpassed $4 billion in market cap, reaching an all-time high on Feb. 15 of $698 before retracing to around $659 as of press time. The top five AI crypto projects by market cap are Bittensor, The Graph, Fetch.ai, SingularityNET, and Ocean Protocol. All five are up over 10% in the last seven days, with Bittensor and SingularityNET up 31% and 35%, respectively. Bittensor (TAO) Bittensor is a Polkadot substrate-based…