Author: NBTC

Grayscale’s new ETF product, the Bitcoin Mini Trust has set fees at 0.15% Grayscale said it will contribute around 10% of GBTC assets to the Mini Fund, some 63,204 bitcoin. Bitcoin ETF provider Grayscale has provided some details of its spin-off fund, the Bitcoin Mini Trust (BTC), including a more competitive 0.15% fee than the uplisted mothership GBTC product, according to a pro forma financials in its latest filing. The filing also provides an illustrative example of the amount of Bitcoin (BTC) Grayscale will contribute to the mini fund: 63,204 bitcoin, or 10% of existing assets in GBTC, as per…

Ethereum price is gaining bearish momentum below $2,950. ETH might continue to move down toward the $2,550 support in the near term. Ethereum struggled to clear the $2,950 resistance and started a fresh decline. The price is trading below $2,920 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,910 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if there is a move below the $2,850 support. Ethereum Price Extends Losses Ethereum price failed to continue higher above the $2,950 resistance, like Bitcoin. A…

The official X account of the Floki (FLOKI) meme cryptocurrency has published a tweet, in which it urged holders and supporters to be careful and avoid using any unverified sources of information about FLOKI. All Flokish insights, discussion and updates from the official team that developed FlOKI, it warns, can be obtained only through their official channels, the tweet states. Floki’s Official Social Media PlatformsExplore all our platforms for Flokish insights, lively discussions, and valuable updates straight from the #Floki team.Remember to always verify information through our official channels! 🧵👇 pic.twitter.com/dSh7gJ1itI — FLOKI (@RealFlokiInu) May 9, 2024 The tweet also…

CoinEx, a global cryptocurrency exchange, has recently announced that it has obtained authorization as a Virtual Assets Service Provider (VASP) in Poland. This development is anticipated to strengthen CoinEx’s standing within the European cryptocurrency market. This represents a stride in CoinEx’s strategic expansion efforts within Europe. The company acknowledges the vast potential inherent in the European cryptocurrency market and remains focused on furnishing a secure and user-friendly trading environment for investors and traders alike. Haipo Yang, CoinEx’s CEO, expressed his enthusiasm, stating: “Obtaining the VASP registration in Poland is a testament to our unwavering dedication to providing a secure and…

According to data published by @OnchainDataNerd analytics account, an ancient Ethereum wallet has made another massive crypto transaction, moving millions in ETH to the largest exchange in the U.S. – Coinbase. Along with other large ETH transactions to the same and other large exchanges, this may be indicative of an approaching sell-off. Old whale sends ETH to Coinbase along with other whales The aforementioned tweet stated that a cryptocurrency whale that set up his wallet eight years ago (in 2016) has made another large transaction to U.S.-based crypto exchange Coinbase, the only publicly traded exchange in the country so far.…

The introduction of crypto staking services, where users can deposit their coins to earn rewards, in South Korea has intensified competition among exchanges, The Korea Times reported. This service has expanded the scale of staking services into trillions of dollars and introduced service brokerage fees as a new source of income for exchanges. Staking services, where investors deposit their coins to validate blockchain networks and receive rewards, have gained traction in the cryptocurrency market. Unlike traditional bank deposits, exchanges do not manage the coins but act as proxies, charging brokerage fees for the service. Upbit has reportedly surpassed 3 trillion…

Following the completion of the 2024 Bitcoin (BTC) halving, the focus has turned to the asset’s price trajectory, which has exhibited volatility in the short term. Before the halving event, Bitcoin aimed to maintain stability above the $65,000 mark. However, the leading cryptocurrency has faltered in retaining this position, with its price now facing the looming threat of dipping below. Amidst uncertainty, several crypto analysts have offered insights into what to anticipate regarding Bitcoin’s valuation post-halving. Particularly, in an X (formerly Twitter) post on April 20, analysis by Rekt Capital suggested a pattern identified as the ‘post-halving re-accumulation range’ which…

As of May 13, 2024, ethereum presents a complex landscape for traders, characterized by fluctuating prices and diverse market signals. Despite a slight 1% uptick over the past day, the broader perspective shows a week marked by a 6.1% decline, setting a cautious tone for ether traders. Ethereum The ETH/USD daily chart indicates a prevailing downtrend, with ethereum’s price swinging from highs around $3,600 to lows near $2,800. Recent trading sessions have displayed bullish signs, hinting at a possible reversal or at least a short-term reprieve from the downtrend. Traders should watch for a breakout above $3,200 as a sign…

In a startling turn of events for the Shiba Inu (SHIB) community, over 24 million SHIB tokens have been burned within the last 24 hours, marking a substantial surge in the burn rate of the popular meme-inspired cryptocurrency. The data, sourced from Shibburn, a platform dedicated to tracking token burn activity, indicates a staggering 241.86% increase in the burn rate during this short period. Token burning, a process in which a certain quantity of a coin is deliberately removed from circulation by sending it to an inaccessible wallet, is often viewed as a bullish indicator within the crypto space. The…

The HKEX confirms that crypto ETFs aren’t available to mainland China investors, despite persistent rumors otherwise Hong Kong’s crypto ETFs, because of their unique in-kind redemption model, would offer a means to bypass mainland China’s capital controls As the listing date for Hong Kong’s crypto exchange-traded funds (ETFs) got closer, the rumors went into overdrive that they would be available to mainland Chinese traders via the Stock Connect, which allows mainland trading of Hong Kong equities. And then the ETFs launched, and they still aren’t available. But the rumor won’t cease. The reality is that, while crypto is still available…