Author: NBTC
The following is a guest post from Yaniv Baruch, COO at Playnance. The first quarter of 2024 reinvigorated investors’ sentiment in the crypto market. With the landmark litigation against the SEC ending, US investors have finally received access to spot Bitcoin ETFs. This opened the doors to Web3 for large institutional investors: the weekly net cash inflow to US-based ETFs has repeatedly overperformed the initial projections, triggering a bull rally to the all-time high price of Bitcoin. Despite the broader market’s optimism, investments in Web3 gaming remained cautious, with $288 million injected in the first quarter. Nevertheless, April brought the…
Bitcoin, the undisputed king of cryptocurrencies, is once again on a wild ride. After a surge over the weekend that brought it close to shattering its all-time high, the digital asset has dipped back below the crucial $70,000 mark in the last 24 hours. This sudden correction has left investors wondering if the predicted surge to $80,000 is still on the table. Source: Coingecko Related Reading: Polkadot Shines – Is Now The Time To Buy DOT Before $10? Bitcoin Erases Weekend Gains Just days ago, Bitcoin bulls were celebrating as the price climbed to near record highs exceeding $70,000. This…
Eric Balchunas, a senior Bloomberg ETF analyst, has predicted that the launch of spot Ethereum ETFs could occur by late June. The latest forecast follows BlackRock’s recent amendment to its Form S-1 filing for the iShares Ethereum Trust, submitted to the Securities and Exchange Commission (SEC) on May 29. This update came nearly a week after the SEC approved BlackRock’s 19b-4 filing, both essential steps for the ETF to commence trading. “Good sign. [Probably] see rest roll in soon,” Balchunas stated in a May 29 X post. Balchunas indicated that there might be another round to “fine tune” SEC comments,…
The crypto project “proof-of-personhood” known as Worldcoin (by Sam Altman) has recently taken significant steps to consolidate its position both on the international stage and in government relations, particularly with Malaysia. The CEO of Tools of Humanity and co-founder of Worldcoin, Alex Blania, together with Sam Altman, another co-founder known for his role in OpenAI, met with Malaysian leaders, including Prime Minister Anwar Ibrahim, in an attempt to strengthen ties with the government. Sam Altman and Worldcoin’s commitment to privacy and personal data Challenges and future perspectives Sam Altman and Worldcoin’s commitment to privacy and personal data This move follows…
Ripple CEO Brad Garlinghouse said there’s a massive shift in DC’s crypto perspective, and regulations could catalyze an inevitable stablecoin market boom. Speaking at Consensus 2024, Garlinghouse stressed crypto’s impact on the upcoming elections to decide the next U.S. President. Per the Ripple CEO, bipartisan candidates are changing tunes about the industry as digital asset ETFs have made a splash on Wall Street and adoption sweeps the nation. Republican nominee Donald Trump said his regime would support crypto innovation. However, his candidacy remains contentious after he was found guilty today of 34 counts of document forgery. BREAKING: Donald Trump found…
Bitcoin miners have been running down inventory in a rising market, moving away from the accumulation strategy seen ahead of the previous halving in May 2020. The shift likely stems from miners selling into the rising market to upgrade equipment and ensure sustainability after the impending halving of rewards on April 20, according to Wintermute. Bitcoin miners are depleting their coin stashes, possibly to ensure the sustainability of operations in the face of the impending halving of per-block rewards from April 20. The number of bitcoin held by miners, which receive the coins in return for validating transactions in the…
In recent developments within the Ethereum (ETH) ecosystem, crypto analyst Ali Martinez has highlighted a notable increase in the number of Ethereum addresses holding 10,000 or more ETH. Martinez noted that this indicates a shift from distribution to accumulation. This observation shows a significant change in sentiment among large ETH holders. The latest surge in accumulation coincides with Ethereum’s recent price surge, which has been bolstered by the approval of Ethereum spot ETF applications. At the time of reporting, ETH is trading at $3,742, marking a remarkable 24.21% increase in the last 24 hours. While the price is down 2%…
The first batch of SMR token rewards will be sent today, Wednesday, April 24th, to eligible participants in the Tangle Ecosystem Association Growth Committee’s Shimmer Liquidity Mining campaign. Of the total 830 eligible recipients who met the requirements for the airdrop, 630 are scheduled to receive their full reward today, while the top 200 recipients receive one-sixth of their due rewards, with the remaining amount to be distributed every Wednesday over the following five weeks. Running from 31 January to 16 March, the Tangle Ecosystem Association Growth Committee’s Shimmer Liquidity Mining Campaign yielded great results and valuable insights to propel…
AUSTIN, Texas – You might think, given Mike Novogratz’s penchant for wrestling, that he’d pick a team when it comes to politics and take his opponents to the mat. After all, we’re talking about the guy who once got a tattoo of doomed-to-fail stablecoin project Terra/LUNA – he doesn’t mind taking sides. But instead, Novogratz describes himself as a “radical centrist.” “I am broadly a center-left Democrat … but I’ve donated to Republican candidates,” Novogratz said Thursday on the Main Stage at Consensus 2024. In other words, if Novogratz has a team, it’s crypto, making the Galaxy Digital CEO a…
Retail investors have become more positive about cryptocurrencies, the survey showed. 40% of those surveyed say they believe bitcoin will thrive in the coming years; 38% said they expect it to disappear. Over 50% expect another major crypto to collapse by 2026, the report said. Retail investors became more positive about cryptocurrencies during the first quarter, according to a March survey by German lender Deutsche Bank (DB). “Consumers have become more positive on crypto in Q1 2024, with less than 1% thinking they are a fad,” the April report said. The data is hardly surprising given the strong rally in…