Author: NBTC
Over the weekend, the Bitcoin (BTC) crash had the crypto community on its toes. With the price dropping to $60,000, many investors worried that the flagship cryptocurrency was in trouble ahead of the “Halving” event. Amid the correction, Bitcoin critic Peter Schiff claimed that his previous predictions regarding spot Bitcoin ETFs (exchange-traded funds) were correct and presented the possibility of a doom drop for BTC. Peter Schiff’s Doomsday Prediction For Bitcoin Back in March, known Bitcoin opposer Peter Schiff asserted what he thought was the problem with Bitcoin ETFs. According to the economist, the problem with owning these investment products…
As the industry tries to make sense of the evolving bullish signals around possible spot ether ETF approvals, there’s no shame in needing a quick refresher. The Securities and Exchange Commission is expected to rule on such products by Thursday. With me so far? Amended filings indicate that prospective ether ETF issuers would not stake the ETH they hold — a fund feature that segment observers long predicted the SEC to oppose. The SEC has declined to comment. Analysts expect the SEC to decide on so-called 19b-4s — proposed rule changes filed by exchanges on behalf of the issuers —…
Binance Launchpool, the world’s largest cryptocurrency exchange, listed its project Renzo Protocol (REZ) today with trading pairs REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD and REZ/TRY. REZ, listed on Binance, opened on the board at $0.0098 but later rose by 2960% to $0.299. REZ price, which was withdrawn afterwards, continues to be traded at $ 0.177 at the time of writing. Investors staked BNB and FDUSD to earn REZ. At this point, Renzo opened airdrop requests for his own token, REZ, which debuted with a market value of $289 million. In the statement, it was stated that the initial circulating supply of REZ…
Sam Bankman-Fried’s (SBF) FTX Group allegedly paid over $25 million in hush money to seven whistleblowers prior to the doomed crypto exchange collapse in November 2022, a bombshell independent examinator’s Thursday report found. FTX Whistleblowers Agreed To Settlement Deals Prior To Collapse Robert Cleary, the independent examiner tasked with conducting the report, discovered the now-settled claims investigating employee severance packages, as FTX did not record employee complaints. According to Cleary’s report, the investigation “ultimately identified settlement agreements totaling more than $25 million with seven whistleblowers who alleged various improprieties at the FTX Group, with most of that money going to…
MultichainZ has announced its latest milestone in bolstering the security and decentralization of its Ethereum validators. It has done so with a significant grant from the SSV network. This partnership aims to leverage SSV’s advanced technology and expertise to optimize validator management within the MultichainZ ecosystem. We are thrilled to announce that MultichainZ has received a grant from @ssv_network which will significantly enhance the security and decentralization of our Ethereum validators.🧵 pic.twitter.com/jKV2RtmrRU — MultichainZ (@MultichainZ_) May 24, 2024 MultichainZ Transitioning Towards Enhanced Validator Operations MultichainZ conveyed their enthusiasm through a series of tweets, expressing their excitement over the grant received…
Bitcoin price started another decline from the $67,000 zone. BTC is showing bearish signs and might soon revisit the $61,000 support zone. Bitcoin failed to clear the $67,000 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break below a rising channel with support at $64,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend its decline unless it clears the $65,000 resistance zone. Bitcoin Price Recovery Stalls Bitcoin price attempted a recovery wave above the $65,000 resistance zone. BTC even climbed above $66,200,…
Hodl Hodl, a non-custodial Bitcoin exchange, has announced changes to its “Terms of Service” agreement affecting the availability of its lending services. The platform is now excluding residents of the U.S. as well as U.N. embargoed countries from its lending platform, citing “regulatory uncertainty” as the reason behind these changes. Hodl Hodl to Exclude US Residents From Accessing Its Lending Platform Hodl Hodl, a decentralized, non-custodial, and anonymous Bitcoin trading platform, has changed its service agreement to exclude residents of the U.S. and of United Nations-embargoed countries from accessing its lending platform. The change, part of a “stricter policy” of…
Fireblocks, a well-known custodian for digital assets, has recently made a new integration. It has reportedly collaborated with Injective (a prominent blockchain company) while endeavoring to speed up its adoption among the leading institutions around the world. Injective revealed this integration on its official account on X. 1/ The worlds leading digital asset custodian, @FireblocksHQ, has integrated Injective to accelerate institutional adoption.Now some of the largest institutions can directly access $INJ and seamlessly onboard onto the Injective ecosystem.Keep reading 🧵 pic.twitter.com/myqUE0aeSg — Injective 🥷 (@injective) May 24, 2024 Fireblocks Onboards Injective to Expand Its Institutional Adoption As per the company,…
The Bitcoin market is currently on edge as prominent analyst Crypto Rover warns of a potential liquidation event that could negatively affect the short holders. With Bitcoin trading within a significant consolidation phase, as revealed by Rover, analysis suggests that over $3 billion in short positions could face liquidation should Bitcoin climb back to a specific price mark. Bitcoin Bears Beware Of This Price Range According to Rover, the crucial price mark, which is the $71,600 region, is where the $3 billion short liquidation would occur if Bitcoin reclaims it. Rover’s assessment is based on data gathered from CoinGlass, a…
According to Bloomberg ETF analyst Eric Balchunas, the U.S. Securities and Exchange Commission’s (SEC) recent interaction with potential spot Ethereum ETF applicant companies represents a significant shift in the outlook for potential approvals. Next steps include approving forms 19b-4 and S-1 registration statements. Balchunas noted that due to the unique nature of the issue, this may take longer than usual. Once these are met, trading can begin. “Overcoming the possible approval issue is the most important thing. Now it’s all about logistics and legal documents,” he said. Unlike spot Bitcoin ETF approvals, where the SEC meets with prospective issuers for…