Author: NBTC
In a significant move that underscores the escalating competition within the cryptocurrency exchange and custody sector, Kraken, the United States’ second-largest crypto exchange, is reportedly setting its sights on entering the burgeoning market for crypto ETF custodianship. This strategic pivot comes from Coinbase’s successful foray into serving as a custodian for most of the newly approved Spot Bitcoin ETFs. With the spotlight shifting towards Spot Ethereum ETFs, Kraken is poised to leverage its industry standing and technical prowess to carve out a substantial niche in this rapidly evolving domain. Kraken’s strategic ambitions According to insights shared by Fox Journalist Eleanor…
Ripple’s acquisition plan to grab a company with a New York trust charter will expand the business it’s allowed to conduct in the U.S., potentially letting it move beyond its well-known role as a payments network. The deal – Ripple’s second recent purchase of a custody business – must still be approved by the New York regulator. Ripple struck a deal to acquire Standard Custody & Trust Co., the company said Tuesday, in order to secure a New York trust charter in an ongoing expansion of its U.S. regulatory licensing. Despite Ripple’s overseas focus and its high-profile legal clash with…
In a recently published tweet, Shiba Inu’s official marketing lead Lucie spread the word about the plans of the SHIB team to conduct burns of not only SHIB but also of the other major tokens which are being used on Shibarium (including two new ones which have not been launched yet). All this will be possible thanks to the new Sheboshis NFT collection. Plans to burn Shibarium tokens Lucie announced that the team plans to use the revenues from selling the new NFT collection Sheboshis for burning Shibarium native tokens – SHIB, BONE and the others too. Those Sheboshis that…
There is reason to believe that the altcoin season is imminent based on Bitcoin’s recent price action. Altcoin season is known to be a period when other crypto tokens begin to outperform the flagship crypto token. Bitcoin To Cool Off For Altcoin Season Crypto analyst Rekt Capital stated in an X (formerly Twitter) post that Bitcoin has only one last Pre-Halving retrace before it goes on a parabolic move post-halving. Crypto analyst Sjuul also highlighted in an X post how the funding rate is “mildly high” for Bitcoin at the moment, something which hints that a correction was on the…
Ethereum’s price has been rallying aggressively over the past few days. Yet, the market is approaching a strong resistance level that could determine the mid-term fate of ETH. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been rallying since a rebound from the $2,200 zone. The $2,400 resistance level has also been broken with ease. Currently, ETH is climbing toward the $2,700 resistance level and the higher boundary of the large ascending channel. However, the Relative Strength Index has also been rising, entering the overbought region. This might trigger a possible pullback or reversal…
Investors and cryptocurrency enthusiasts are closely monitoring Robinhood Markets (HOOD) as the stock experiences a slight dip in pre-market trading just before its eagerly awaited earnings release scheduled for today after the U.S. stock market closes. Amid growing anticipation, analysts are eyeing the company’s financial health, especially in light of recent developments and its strategic collaboration with MetaMask. So, let’s look at the market expectations of Robinhood’s earnings and how its partnership might shape its future. Robinhood Markets (HOOD) Anticipated Earnings Report As the financial world eagerly awaits Robinhood’s earnings report, scheduled for release today after the market’s close, analysts…
According to data revealed by the Shibburn tracking website, over the past week, there has been a substantial rise in terms of SHIB burns as this metric surged by more than 100%. Equally, a recent tweet by the aforementioned source showed a rise of daily SHIB burns as well. SHIB burn rate surges A recent tweet published by Shibburn states that within the last week, there has been a total of 102,040,474 SHIB sent to dead-end blockchain wallets in total, which gave the burn rate a 160% increase. As for the daily burns, here we can see a rise of…
Bitcoin has entered the ranking of the “top 10 assets in the world by market cap”, after surpassing one trillion dollars. Bitcoin surpasses one trillion dollars in market cap and enters the “top 10 assets in the world” Bitcoin and the return to a market cap above one trillion dollars The current situation Bitcoin surpasses one trillion dollars in market cap and enters the “top 10 assets in the world” Bitcoin’s market cap has once again exceeded one trillion dollars ($1 trillion), securing a place in the ranking of the “top 10 assets in the world by market cap”. There…
Decentralized finance protocol Lybra Finance’s LBR native token experienced heavy price volatility during the past week as its major supporters dumped their assets. Lybra Finance, the creator of the yield-bearing eUSD stablecoin, aims to maintain a steady $1 peg and generate income from collateralized liquid staking tokens. In January 2023, the DeFi protocol reached a peak TVL of almost $400 million. LBR Price Falls 50% SpotOnChain, a prominent blockchain analytical firm, reported that Key Opinion Leaders (KOLs) and anonymous addresses holding substantial quantities of LBR tokens controlled a significant portion of the network’s Total Value Locked (TVL). LBR’s downward spiral…
In the spirit of the Lunar New Year, Neo is launching a Fortune Envelope NFT campaign and prize giveaway in collaboration with Mega Oasis. This festive initiative offers community members a chance to win a share of $500 in GAS, adding a crypto twist to the traditional exchange of fortune envelopes. Participants can engage with the campaign through two simple steps, starting with claiming at least one Neo Fortune Envelope NFT. The next step involves sending one of these NFTs to another user. The campaign began on Feb. 6 at 10:00 a.m. (UTC) and will conclude on Feb. 23 at…