Author: NBTC
The bitcoin halving is already partially priced in, the report said. Deutsche Bank said it does not expect a large rally after the event. The geography of crypto miners is expected to shift following the halving to countries with lower energy costs, the bank said. The bitcoin (BTC) reward halving, expected in the next couple of days, has already been partially priced in by the market and a large rally in the cryptocurrency is unlikely after it occurs, Deutsche Bank (DB) said in a research report on Thursday. The quadrennial reward halving slows the rate of growth in bitcoin supply…
Ethereum price witnessed an upsurge hitting $3K on May 17. ETH has shown adequate price recovery this week. Ethereum Whales are trying to make a comeback with increased movements this week. Ethereum price surpassed the $3K mark showing signs of recovery in the early hours of May 17. The leading altcoin is exhibiting a consistent upward trend in the past 24 hours increasing in market price by 5.19% on May 18. At the time of writing it was trading at $3,099 after momentary hikes to $3,125 during the day. Notably, the volatility index has depreciated to 63.62 post hitting the…
Institutional interest in digital assets is gaining traction. As of the end of Q1, more than 900 institutions based in the United States had disclosed spot Bitcoin exchange-traded fund (ETF) shareholdings exceeding $100 million, equating to $10.7 billion combined. In addition, leading asset management firms, including BlackRock and Franklin Templeton, have launched tokenized treasury funds. Recent data indicates that more than $1 billion in treasury notes has been tokenized on public blockchain networks. A bi-annual survey conducted by KPMG in Canada further found that institutional investors located in the region greatly increased their crypto holdings in 2023. According to KPMG’s…
XRP Ledger, a decentralized blockchain network powering the XRP cryptocurrency, is poised to undergo significant upgrades, sparking anticipation and excitement within the cryptocurrency community. New proposals and discussions are now taking place involving Compliance, Smart Contracts, Automation (optional fees), TradFi and DeFi, Expanding features, Sidechains and better user experience (UX). With all the proposals, discussions and developments on the horizon, XRP Ledger is set to level up and reinforce its position as a leading player in the digital asset space. Krippenreiter, an XRP Ledger and DLT researcher, shares an exhaustive list of what is in the pipeline for XRP Ledger.…
Two Canadian men have been arrested and charged with fraud for allegedly swindling investors out of $40 million CAD – approximately $30 million USD –i n a crypto and foreign exchange investment scheme. Self-proclaimed “Crypto King” Aiden Pleterski, 25, was charged with fraud and money laundering for his role in the alleged Ponzi scheme. His associate, 27-year-old Colin Murphy, was charged with fraud, the Ontario Securities Commission announced Wednesday. The criminal charges, which are the result of a 16-month investigation Canadian authorities are calling Project Swan, come amid an ongoing bankruptcy case tied to the alleged scheme that has been…
The Bitcoin halving is imminent. But even if you know what it is, you may not know why it is. In our view, the halving exists to make bitcoin interesting — and interesting things attract attention. Bitcoin’s pseudonymous inventor, Satoshi Nakamoto, could have chosen a boring issuance schedule. Instead, he imbued bitcoin with a seasonal fireworks display, commanding attention from an increasingly wide and diverse group of bitcoin users. Bitcoin famously has a supply cap of 21 million, 1.3 million of which remain unminted. The network will mint these coins through the year 2140 in the same way bitcoins have…
Vitalik Buterin has published a new article outlining upcoming Ethereum improvements, particularly focusing on PeerDAS, the Verkle tree transition and decentralized methods for storing history as proposed in EIP-4444. Grats @dankrad @peter_szilagyi you got me to interrupt my work on EIPs and make a twitter response that turned into an unscheduled poast 😀https://t.co/mmVaiEV68K — vitalik.eth (@VitalikButerin) May 17, 2024 Ethereum’s founder emphasized the importance of decentralization, a key element of ETH’s unique development strategy. He also addressed issues like Maximal Extractable Value (MEV) and the balance between minimizing and quarantining it. The article was inspired by a series of tweets…
A recent survey by SBI Digital Assets Holdings, a subsidiary of Japanese asset manager SBI Holdings, reveals that institutional demand for cryptocurrencies is increasing. The survey found that nearly 60% of Asian institutional investors had exposure to some form of digital asset in the past year. Almost 40% of these institutions said they wanted to increase their exposure in 2024, while 25% said they planned “significant increases.” Only 15% said they had no plans to invest or trade in digital assets. “This trend shows that digital assets are increasingly accepted in diversifying investment portfolios,” the report said. His interests varied.…
In the ever-volatile world of the crypto market, one coin has been making headlines recently with its remarkable surge in trading volume. Solana (SOL), often hailed for its innovative blockchain technology and ecosystem, has seen a staggering 37% increase in its trading volume over the past 24 hours. This surge comes on the heels of last week’s market crash, indicating a remarkable resurgence in bullish sentiment for the digital asset. At the time of writing, Solana is trading at $154.13, marking a significant 5.34% increase in the last 24 hours alone. However, the real story lies in its performance over…
Two Russian teenagers have been arrested in a crackdown on a suspected crypto-powered “money laundering” ring, a police source claimed on May 14. Per the news agency URA, an unnamed “law enforcement agency” member in the Khanty-Mansi Autonomous Okrug said the teenage brothers “attracted other teens” in the region to their scheme. Russian Teens Ran ‘Crypto Exchange’ with ‘Organized Crime Gang’ The source claimed that some of the teens’ parents sent a “statement” to law enforcement agencies in the region in April. The parents reportedly told police officers that “an organized crime group” had “involved their children” in what appears…