Author: NBTC

Ethereum (ETH) is on a bull rally amid positive expectations regarding the Securities and Exchange Commission (SEC) of the United States’ approval of Ethereum spot ETFs and BlackRock’s (NYSE: BLK) interest in real-world assets (RWA) tokenization. Analysts started speculating on price as the cryptocurrency market awaits further developments in exchange-traded fund (ETF) approval and BlackRock’s endeavors. Reaching $5,000 in the next few days is possible as speculation heats up, even before the awaited ETF approval. In particular, two analysts from the private wealth management firm Bernstein forecast a 75% pump to $6,600 moving forward. According to Gautam Chhugani and Mahika…

Shiba Inu marketing specialist Lucie deems SHIB unfit for Ethereum gas fees amid network upgrades and the launch of the new SHIB/JPY trading pair in Japan. Lucie, the Shiba Inu ecosystem marketing lead, recently addressed the feasibility of using Shiba Inu (SHIB) as a gas fee on the Ethereum network amid significant market activities, including a major upgrade to the Shibarium network and new exchange listings. Can #Ethererum use $SHIB ??? Ethereum is a digital platform that allows people to create and use decentralized applications, also known as smart contracts. These smart contracts require a certain amount of Ethereum, which…

The U.S. House of Representatives is poised to vote in favor of a crypto market structure bill for the first time, in a symbolic effort to radically reshape the country’s digital asset regulatory landscape. The Financial Innovation and Technology for the 21st Century Act, sponsored by members of the House Financial Services and House Agriculture Committees, will begin seeing votes Wednesday afternoon, where it is expected to pass with a bipartisan majority. The bill, dubbed FIT21, would grant the U.S. Commodity Futures Trading Commission (CFTC) greater spot-market authority over digital assets deemed to be commodities, while also creating new jurisdictional…

Bybit, one of the world’s leading cryptocurrency exchanges, warns about a possible supply shock for Bitcoin (BTC). The alert comes amid high expectations for the Bitcoin halving and a record diminishing BTC supply on exchanges. On April 15, Bybit published a report making bold claims regarding Bitcoin’s available supply in the cryptocurrency market. According to the company’s research team, the 2 million BTC standing in exchange reserves will only last for nine more months. For that outcome, Bybit assumes a daily inflow of $500 million to Bitcoin Spot ETFs. This would hypothetically result in a 7,142 BTC outflow from exchanges,…

On Wednesday, Nasdaq, the second-largest American stock exchange based in New York City, revised its 19b-4 filing for Blackrock’s spot ethereum exchange-traded fund (ETF) with the U.S. Securities and Exchange Commission (SEC). Nasdaq Amends Blackrock’s Ether ETF 19b-4 Filing Following several amended 19b-4 filings by Cboe on Tuesday, Nasdaq has refiled Blackrock’s 19b-4 submission. Blackrock, the world’s largest asset manager, has been actively working towards launching a spot ETH ETF since November 2023. The SEC has consistently delayed its decision on Blackrock’s spot ethereum ETF application, with the most recent postponement extending the decision date. Blackrock’s proposed spot Ethereum ETF…

Vertex, a decentralized exchange protocol operating on Arbitrum, has recently announced an exclusive project. As per the platform, it is unveiling the “Buyback & Stake Program” in which it will deploy a part of reserved protocol revenue through the Protocol Treasury. On its X account, the platform disclosed the launch of this new project. Vertex Unveils the Buyback & Stake Program to Offer Extra Reserves Additionally, the platform mentioned in a post that it will use VRTX (the native token of Vertex) for the project. The portion of the above-mentioned revenue takes into account trading fees and other such things,…

Securities and Exchange Commission Chair Gary Gensler is holding the line that he doesn’t need legislation to police crypto, even as the White House and others say they’re ready to hash out regulatory policies. A presidential policy statement on Wednesday said the White House is eager to establish a “comprehensive and balanced regulatory framework.” The White House is “eager” to work on a crypto bill. That was the sentiment of its latest statement on Wednesday, putting the administration on-the-record again about wanting new digital assets policies to protect investors. But U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler –…

The Abu Dhabi Agriculture and Food Safety Authority has banned cryptocurrency mining on farms. This regulation addresses the misuse of agricultural land and imposes penalties of up to 10,000 United Arab Emirates Dirhams (approximately $2,722) for violators. Stricter Regulations to Preserve Agricultural Integrity Cryptocurrency mining demands substantial computational power and electricity, conflicting with farms’ primary agricultural functions. The government aims to preserve the intended use of agricultural resources. Farmers must avoid cryptocurrency mining activities to prevent hefty fines. UAE Bitcoin mining overview. Source: Hashrate Index Despite this regulation, the United Arab Emirates (UAE) remains pro-crypto. In 2023, the country emerged…

While there have been sharp volatile movements in the leading cryptocurrency Bitcoin and altcoins since the weekend, the BTC price fell below $ 62,000 during the day. While the bloodbath in Bitcoin and altcoins continues, according to Coinglass data, 109,097 investors became liquid in the last 24 hours, while $327 million in leveraged positions were liquidated. While there were sharp ups and downs in the market, on-chain data tracking platform Nansen announced the most purchased cryptocurrencies in the last 24 hours. According to Nansen data, while Bitcoin and altcoins showed fluctuating movements, whales turned to Ethereum and ETH-based altcoins. Accordingly,…

Solana-based meme coins Bonk Inu (BONK) has surpassed Floki Inu (FLOKI) in market capitalization, becoming the fifth-largest meme coin. The cryptocurrency market has undergone a correction in recent weeks, with leading digital assets like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), and others experiencing significant price drops. While the majority of meme coins are in decline, there are a few exceptions. For instance, Bonk Inu (BONK) has seen an increase of nearly 55% over the last two weeks, according to CoinMarketCap data. BONK 24-hour price chart | Source: CoinMarketCap Its market valuation has risen to $1.47 billion, overtaking Floki…