Author: NBTC
The decline in Bitcoin and altcoins, which started after the tension between Iran and Israel at the weekend, continued during the week and BTC dropped below $ 60,000. While this decline made some investors nervous and caused them to stay away from the market, some investors turned the decline into an opportunity and increased their purchases. Lookonchain also shared two whales that turned the decline into an opportunity. Accordingly, the whale, which has collected a total of 3,760 BTC worth approximately $ 242.55 million since March 21, again made a significant purchase from Binance. Finally, the average purchase price of…
Crypto exchange Coinbase believes the odds of the SEC approving spot Ethereum ETFs by the end of the month stand between 30% to 40%. In a May 15 report, Coinbase Institutional Research Analyst David Han asserted that the main factor that led the SEC to approve spot Bitcoin ETFs — the correlation between CME futures product and spot exchange rates — could also lead it to approve spot Ethereum ETFs. Han said there is “room for surprise to the upside on this decision,” both on prediction markets and in the fact that Grayscale Ethereum Trust is trading at a 24%…
Video game store turned meme stock GameStop has filed to sell up to 45 million of its GME shares. This move will see the total number of shares increase by as much as 15%. This comes the same day that GameStop filed its preliminary Q1 results which revealed that net sales have decreased 30% compared to last year. That said, the company’s net loss is expected to be up to $23.5 million less than last year, although this could still leave GameStop with a net loss of up to $37 million. If GameStop is able to sell 45 million shares…
QUBIC, the native token of the L1 blockchain Qubic, has surged by 21% in the last 24 hours as analysts predict a 1000x potential rise in an anticipated altcoin season. At the time of writing, QUBIC is trading at $0.000007 with a 24-hour trading volume of 2.60 million, up 84.5% as per data by CoinMarketCap. The asset has a market cap of $616.33 million. QUBIC 24-hour price chart | Source: CoinMarketCap Qubic is an open-source, community-driven project focused on developing artificial intelligence (AI) infrastructure through a decentralized network. Led by founder Sergey Ivancheglo, the platform introduces novel concepts like useful-Proof-of-Work…
Gary Gensler’s Securities and Exchange Commission has made a name for itself with its hostility towards cryptocurrency. Time after time, over the last few years, his agency has repeatedly thrown up roadblocks to the common-sense regulation of digital assets and overstepped its regulatory authority. One of the SEC’s most detrimental actions on digital assets came in the form of a seemingly innocuous memo known as Staff Accounting Bulletin 121 (or SAB 121). SAB 121 is significant because it requires publicly traded banks to place digital assets on their balance sheet. This change contradicts a basic rule of bank custody: that…
In the ever-evolving world of cryptocurrency, Marcel Knobloch also known as Collin Brown, a crypto expert has offered an audacious prediction for Bitcoin, foreseeing a significant rally to unprecedented heights post-BTC Halving event scheduled to take happen this month. Bitcoin Poised For Massive Growth Post-Halving According to Collin Brown, the fourth mining reward Halving for Bitcoin will take place in the next 48 hours. This event will cut down the current 6.25 BTC per block output to 3.125 BTC per block. Related Reading: Bitcoin Halving Hysteria: Will History Repeat Itself Or Are We Heading For A Market Meltdown? Brown noted…
Following the recent launch of spot Ethereum ETF in Hong Kong, OkLink, a global leader in blockchain data services, expressed optimism about regulators approving similar products for other leading blockchain protocols in the future. The firm believes this move could enhance Hong Kong’s appeal as a hub for crypto innovation compared to other regions with stricter regulations. On April 30, Hong Kong became one of the first major financial centers to approve both Bitcoin and Ethereum ETFs, albeit several months after the U.S. launched its first Bitcoin ETFs. While acknowledging the Ethereum ETF’s initial trading volume has fallen short of…
Core Foundation has taken a major step in India, launching the India Innovation Fund that intends to invest $5 million to help grow innovative blockchain projects across the nation. The excitement that followed the foundation’s announcement in March was palpable, and many projects are already underway. ETH Mumbai and strategic partnerships with some of the premier VCs have all demonstrated this commitment to catalyzing Web3’s growth and supporting the mighty builders, creators, and founders that fuel its rise. Core Foundation has launched the India Innovation Fund, investing $5M to support innovative blockchain projects across the country.Ready to push the boundaries…
The Decentralized Cooperation Foundation (DCF) recently announced the successful passage of proposal #912, a transformative initiative within the Cosmos networkBuilding on a foundation of interoperability, Cosmos Network, a blockchain ecosystem known for its ability to connect different blockchains, is taking a step towards greater liquidity and capital efficiency. The community recently passed the proposal, a significant initiative aimed at unlocking these benefits through liquid staking solutions. This move highlights the growing adoption of liquid staking within the Proof-of-Stake (PoS) blockchain space. Understanding Liquid Staking In traditional PoS blockchains, staking tokens for network validation often locks them up for a defined…
Paul Ryan – the 54th speaker of the United States House of Representatives – has emerged as a major proponent of stablecoins, with a bright outlook on what regulation could bring to the industry. Paul Ryan Bullish On Stablecoins In an interview with Bloomberg on Friday, Ryan highlighted stablecoins as a potential solution to the looming US sovereign debt crisis. Public data shows that the nation is currently $34.7 trillion in debt, and is making annual interest payments of over $1 trillion. fmr speaker Paul Ryan’s comments on stablecoins on bloomberg last friday. extremely important for a few reasons: pic.twitter.com/k2fdodTUvJ…