Author: NBTC

The launch of Bitcoin futures at CME Group can prove market price formation efficiency and reduce fluctuations in the crypto market. The launch may lead to a higher number of institutional investors entering the cryptocurrency market. Bitcoin futures open up new opportunities for managing participants’ risks, contributing to the growth of market depth. The Chicago Mercantile Exchange (CME) Group, the world’s largest futures trading market, has recently introduced Bitcoin futures contracts, which are expected to impact how the price of Bitcoin is determined.The move by CME Group to start trading in bitcoins presents institutions with an opportunity to hedge and…

VanEck is diversifying with the launch of a new venture fund. The $30 million fund is focused on early-stage startups specifically with the goal of investing in fintech projects at the intersection of crypto and AI. “Those two components are very much like horizontal technologies. And I say that because crypto is like the value layer and AI is where you can now take financial services that are typically performed by people, represent them in code and start to automate things,” general partner Wyatt Lonergan told Blockworks. Read more: From crypto ETFs to VC: VanEck unveils $30M fund The fund’s…

A research firm Coinbase hired intends to ask a judge for a quick call on whether it should get key SEC documents that might reveal how the agency came to view crypto tokens as securities. The federal court could decide whether the company (and the public) get to see what the SEC officials said in private discussions as they tried to figure out whether digital assets like ETH should be counted as securities. An intermediary for the biggest U.S. crypto exchange, Coinbase Inc. (COIN), is cranking up its legal fight over the Securities and Exchange Commission’s unwillingness to produce documents…

The recent report by Phoenix Group shows that Uniswap is the leading DEX that gathered the most web traffic within the last month. The statistics provide a deeper understanding of the web traffic distribution in different popular DEX platforms, indicating shifts in activity rates and geographical prevalence. #WEB TRAFFIC TO DEXES FOR THE LAST MONTH #Uniswap #PancakeSwap #Sushi #Raydium #1inch #Osmosis #LFJ #Quickswap #Balancer pic.twitter.com/qOCfoiDQrn — PHOENIX – Crypto News & Analytics (@pnxgrp) October 15, 2024 Uniswap Dominates Despite a Decline Uniswap, a major decentralized exchange built on the Ethereum network, recorded the highest total visits, at 2.8M, last month.…

The odds of a higher-than-expected 50-basis point Federal Reserve rate cut have now skyrocketed to 55% on the popular cryptocurrency-powered betting site Polymarket. The Fed’s much-anticipated two-day meeting is going to get underway as soon as this Tuesday. Despite the rapidly rising probability of an aggressive Fed rate cut, which would be beneficial for risk-on assets, the price of Bitcoin remains under bearish pressure. The leading cryptocurrency is currently changing hands at $59,071, according to CoinGecko. The Fed started an extensive hiking cycle in March 2022, implementing a total of 11 hikes. The central bank eventually brought the interest rate…

Crypto index fund manager Bitwise has surpassed $5 billion in assets under management (AUM) across its suite of beta and alpha investment products, thanks to existing and new investors. According to the company, this represents a surge of 400% this year, following Luis Berruga’s appointment as a strategic advisor to the company. This year alone, the company has reportedly recorded significant milestones that have helped buoy its growth. Bitwise experienced exponential growth, thanks to new products For Bitwise, 2024 has been good so far, which has seen the company record growth. For example, Bitwise in January launched its first spot…

Sunny Lu highlighted that decentralized autonomous organizations (DAOs) enable collective decision-making through democratic voting. He noted that smart contracts and oracles improve DAOs by ensuring accountability and connecting blockchain data with real-world information. In a recent episode of Untangling Web3, VeChain CEO Sunny Lu discussed the growing role of decentralized autonomous organizations (DAOs) in blockchain technology while sharing insights on the future of cryptocurrency and blockchain adoption. Lu also highlighted how DAOs are decentralizing the decision-making process through the voting process rather than the conventional management hierarchy. According to Sunny Lu, the DAOs are a new form of organization based…

As the Securities and Exchange Commission (SEC) prepares to appeal a federal judge’s decision involving XRP, the agency is setting itself up for yet another high-profile failure, according to Ripple Labs’ Chief Legal Officer, Stuart Alderoty. “It will backfire on the SEC,” he told Decrypt in an interview. “I felt good about our case in the Southern District of New York. I feel even better about our case in the Second Circuit.” When the SEC first hit Ripple and two of its executives with a lawsuit in 2020, the company declared “very publicly and very loudly” that its legal fight…

Gate.io, a prominent cryptocurrency exchange marketplace company, declares a partnership with Onramper, one of the pioneers in fiat-to-crypto services. This partnership aims to streamline the process of purchasing cryptocurrencies, making it easier for customers across the globe. With the help of Onramper Solutions, Gate.io will be able to unveil a more advanced crypto-purchasing service and expand its reach and service quality. https://t.co/8kWqgEeplL and Onramper formed a strategic collaboration to provide simple fiat-to-crypto conversions on the https://t.co/8kWqgEeplL exchange!🎉Cross-integration will make purchasing crypto more convenient and accessible around the world! 🌏💰 ➡️ ₿ pic.twitter.com/QdXsxmS8PT — Gate.io (@gate_io) October 15, 2024 Enhancing Accessibility…

BTC is having a major resistance level at the $60,000 mark which has been tested multiple times without being able to hold above this level. Nevertheless, market analysts still expect another run at $60k before the end of the week. Traders need to be cautious because if it is successful,they can find new high Bitcoin bulls are now experiencing a significant test as the digital currency continues to struggle to cross the $60,000 mark. In the previous several attempts, BTC failed to sustain the price above this crucial psychological level and left traders and investors to guess what is next.…