Author: NBTC
The chairman of the Senate Finance Committee told a Consensus 2024 audience that the House of Representatives was on the right track with the FIT21 bill. Wyden said he and others in the Senate decided to slam the brakes on the Securities and Exchange Commission’s controversial crypto accounting standard and reconsider using a “different standard” on the custody of digital assets. AUSTIN, Texas – Sen. Ron Wyden (D-Ore.), one of the U.S. Senate Democrats who’ve shown some support for crypto issues, cast doubt Friday that a legislative solution for the industry would move quickly, but he suggested to an audience…
According to the latest data, we are now less than 1,400 blocks away from the anticipated Bitcoin halving event, which will decrease the block reward from 6.25 bitcoin to 3.125 bitcoin. Bitcoin’s value soared to a new all-time high on March 14, reaching $73,794 per bitcoin, but has since seen a 6.5% decline. Observers are now eagerly awaiting the outcome of the upcoming reward halving, wondering what the future holds for bitcoin’s valuation. Tik Tok – Next Block Lately, bitcoin’s (BTC) price has remained steady, fluctuating between $65,000 and $71,000. Impressively, 2024 has outdone the 2021 milestone by sustaining its…
Vitalik Buterin, Ethereum co-founder and chief architect of the project, made a surprise appearance at the last event held at ETHBerlin. His unexpected debut and candid reflections on Ethereum’s initial design attracted the attention of more than 600 developers. Buterin’s speech not only brought back memories of Ethereum’s beginnings in 2014, but also offered insight into the future of the cryptocurrency, which is now worth $448 billion. This comes at a time when the US has approved a spot Ethereum exchange-traded fund and BlackRock, the world’s largest asset manager, has launched its own tokenized fund on the blockchain. Despite Ethereum’s…
A pioneer decentralized insurance platform has integrated Chainlink to ensure secure, reliable, and seamless data exchange. Chainlink’s CCIP has emerged as an industry standard for cross-chain solutions, offering numerous benefits for projects. Chainlink has partnered with Etherisc to offer the platform a seamless cross-chain integration through Chainlink’s CCIP tool. This is a landmark collaboration for Chainlink, helping support the pioneer decentralized insurance platform to offer reliable, tamper-proof insurance data on-chain. Established in 2016, Etherisc, revealed that Chainlink has been a partner since its establishment and it is only natural that it would choose Chainlink’s industry-standard platform for its cross-chain solution.…
Quick Take Data from Glassnode show that Bitcoin (BTC) transaction fees in 2024 have exhibited a general downward trend, but not without intermittent spikes. Contrasting with 2023, the average transaction fees in BTC have escalated, now settling between $1 million to $2 million per day, a marked increase from the previous year’s $500k average. Notably, inscriptions, particularly prevalent from November through December 2023, fueled significant fee spikes, surpassing Ethereum fees for the last two weeks of December and briefly on Feb. 3. However, Ethereum has since retained its dominance. Presently, the average fee per block stands at approximately 0.40 BTC,…
Key Points: Grayscale submitted a revised S-3 statement for Grayscale spot Ethereum ETF following BlackRock’s recent update. The filing details that 0.94552590 Ether is needed for 100 shares, highlighting transparency and institutional demand. On Thursday, Grayscale Investments submitted a revised S-3 registration statement for Grayscale spot Ethereum ETF, just a day after BlackRock updated its S-1 statement and a week after the U.S. Grayscale Spot Ethereum ETF Updated S-3 Form Securities and Exchange Commission (SEC) approved 19b-4 forms for eight Ethereum exchange-traded funds (ETFs). In its latest filing, Grayscale detailed the regulatory treatment of Ether and outlined the specific amount…
DOG•GO•TO•THE•MOON (aka DOG), a Bitcoin meme coin etched via the new Runes protocol, was airdropped to holders of the Runestone Ordinals project on Wednesday, immediately vaulting the newly created coin to the title of the most widely held Runes token to date. Holders of DOG surpassed 74,000 on Wednesday, according to data from minting and etching platform Luminex. It’s by far the Runes token with the most holders since the launch of the Runes protocol last week. Next on the list is RSIC•GENESIS•RUNE, with nearly 22,000 holders. On Wednesday, pseudonymous DOG•GO•TO•THE•MOON c0-creator Leonidas tweeted that 100 billion total dog-themed Runes…
Navigating the regulatory environment of the cryptocurrency industry worldwide can be a daunting task for companies. With high stakes, non-compliance can lead to severe legal ramifications, including potential criminal charges for crypto founders and senior executives. Nicola Massella, a Web3 Lawyer at Storm Partners, shared invaluable insights with BeInCrypto on how crypto companies can avoid compliance pitfalls. Understanding AML Compliance Anti-Money Laundering (AML) standards are critical for the cryptocurrency industry. Massella emphasized that adhering to these standards is not optional. “AML concerns have been at the forefront for regulators since Bitcoin’s early days. Therefore, ahering to AML standards is paramount,”…
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…
It wasn’t supposed to be possible. Yet, with the advent of Ordinals and BRC-20, the Bitcoin network is seeing an influx of major developments that have unlocked BTCFi — DeFi using Bitcoin as its primary asset. This has brought new capabilities to a network traditionally known for its transactional simplicity, with the total market cap of BRC-20 tokens alone reaching $2.8 billion. From the standpoint of network health, the takeaway from all this is that Ordinals inscriptions, in particular, have contributed over $438 million in fees to miners, which helps secure the Bitcoin network by incentivizing miner participation. Andy Handika…