Author: NBTC
There’s a new crypto Political Action Committee (PAC) on the scene. Coinbase-initiated nonprofit Stand With Crypto announced it is launching a new PAC Friday. The associated PAC, which means only individual Stand With Crypto members can contribute up to $5,000 each, plans to back “candidates who support the crypto community,” the nonprofit said on X Friday. Stand With Crypto, a 501(c)(4) nonprofit organization, launched last summer as an effort to give crypto fans more access to information about policy makers and candidates, leaders said. “This is a grassroots, organic bottom-up effort,” Kara Calvert, Coinbase’s head of US policy, said in…
A quant has explained how there appears to be a relationship between Coinbase’s spot volume dominance vs. Binance’s and the Bitcoin price. Bitcoin Has Been Reacting To Binance/Coinbase Volume Changes In a CryptoQuant Quicktake post, an analyst discussed the dynamics in the cryptocurrency market that arise out of the battle happening between Binance and Coinbase for spot volume dominance. As the graph shows, Binance has been the much more dominant of the two platforms when considering the spot volume. The exchange is hosting five times as much volume as Coinbase. The analyst notes that the difference between the two would…
The highly anticipated “halving” of Bitcoin (BTC) is expected to happen soon, and according to experts, its impact will be felt differently by miners and investors. Omid Malekan, an assistant professor at Columbia Business School and author of “Re-Architecting Trust The Curse of History and the Crypto Cure for Money, Markets, and Platforms,” said the halving event is an important event for those who own Bitcoin as a store of value. He explains that it is not a cause for concern. However, the situation is different for miners. “For people who own Bitcoin because they think it is a good…
Canadian financial tech firm DeFi Technologies announced Tuesday that its subsidiary, Valour, has launched what it calls the first ever yield-bearing Bitcoin exchange-traded product (ETP). The company exclusively tells Decrypt that investors will get exposure to BTC and earn a 5.65% yield—provided those investors are located in its Nordic markets. “We are thrilled to introduce the world’s first Yield Bearing Bitcoin ETP, offering investors an unprecedented opportunity to gain exposure to Bitcoin while earning a substantial yield,” said Olivier Roussy Newton, CEO of DeFi Technologies, in a press release. “Valour Bitcoin Staking (BTC) ETP embodies our commitment to innovation in…
Ethereum, the world’s second-largest blockchain network, persistently grappling with scalability issues due to its popularity and increased network congestion, has had the concept of Layer 2 chains in mind since 2014. As more users and decentralized applications (dApps) were released, transaction costs skyrocketed, and processing times slowed significantly. To address these challenges, developers explored various scaling solutions to optimize Layer 2s, with Ethereum rollups emerging as one of the most promising approaches. What are Ethereum Rollups? An Ethereum rollup is a Layer 2 scaling solution that processes multiple transactions off the main Ethereum blockchain (Layer 1), bundles them into a…
The bill prepared on the legal regulations and definitions of crypto assets is ready to be presented to the Parliament with its final touches. The proposal, which is expected to be presented to the Parliament this week, will ban short selling and leveraged transactions regarding crypto assets. Crypto assets will be defined as “intangible assets” for the first time, and thus transactions can be carried out in a more transparent and reliable manner. The bill to be presented to the Parliament will harmonize the broad definition of crypto assets with the definitions of international organizations. The authority to determine the…
Robinhood Crypto announced today a series of new features for its European customers, including staking services, localized apps, and cryptocurrency rewards for new users. These initiatives aim to increase accessibility, improve user experience, and strengthen the platform’s commitment to European crypto investors. Robinhood: The Introduction of Crypto Staking Robinhood crypto: Bonus for new customers before staking Localized User Experience Educational Modules Learn & Earn Results from the December launch Robinhood: The Introduction of Crypto Staking Starting today, Robinhood Crypto will also offer cryptocurrency staking, but only available to its European clients. Users will be able to manage their positions in…
According to James Seyffart, one of the leading ETF analysts, it is increasingly likely that the US Securities and Exchange Commission is going to deny a slew of Ethereum ETF applications this May by claiming that the underlying cryptocurrency is a security. “Not a guarantee that they will do this but I think this almost guarantees that the SEC is at least considering it,” Seyffart added. This came after finance lawyer Scott Johnsson opined that Ethereum’s legal status was likely to appear in the agency’s upcoming ETF order. According to Johnson, the SEC is supposed to provide a “notice of…
Central bank digital currencies (CBDCs) could transform cross-border payments in the Middle East and give central banks a more effective tool for monetary stabilization, two of the region’s leading central banks say. Yazeed Al-Nafjan, the deputy governor of Saudi Arabia’s Monetary Authority (SAMA), believes a wholesale CBDC would best serve his country. The country’s digital payment penetration increased to 70% last year, and thus, a retail CBDC isn’t needed, he stated. Al-Nafjan spoke at an open forum convened by the World Economic Forum (WEF) in Riyadh, the country’s capital. He joined a panel consisting of Jihad Azour, the IMF’s Middle…
Shiba Inu (SHIB) bears a strong correlation and resemblance to Bitcoin (BTC), and this similarity has been highlighted by the project’s marketing executive, Lucie. In her latest post on X, Lucie said that SHIB is just like BTC because no one is behind it. The anonymity of Satoshi Nakamoto, the creator of Bitcoin, and Ryoshi, the founder of Shiba Inu, bear a resemblance to each other. The Shiba Inu executive noted that just like Bitcoin, anyone can build around Shiba Inu. This post seems to directly address conversations around the utility of Shiba Inu as concerns development efforts. The community…