Author: NBTC
While Bitcoin (BTC) has been taking the bulk of the attention in the ongoing crypto market rally, Ethereum (ETH) has been far from idle. Not only has it seen a major price increase through the previous months that has taken ETH to highs not seen since late 2021, but the development team has continued actively rolling out upgrades. The most recent of these, the Dencun upgrade, went live on Wednesday, March 13, and is primarily aimed at bolstering the efficiency of the blockchain’s mechanisms for storing information with the ultimate goal of drastically reducing gas fees. Can ETH hit $5k…
The crypto VC space is seeing renewed interest from high net-worth individuals and family offices after a year of relative quiet, according to Struck Capital founding partner Adam Struck. Struck highlighted in an interview with Cryptonews Thursday that US Spot Bitcoin ETFs have rapidly altered the VC industry’s mindset. Significant involvement from institutions like BlackRock and Fidelity has played a key role. “Most of our Limited Partners that we’re speaking to… they are realizing that crypto as a whole is an asset class,” he said. “It’s something that should be maybe a small part of a very diversified portfolio. And…
Charles Hoskinson accused the cryptocurrency subreddit of biased censorship against his projects. Hoskinson pointed out that any association with IOG, Cardano or himself is met with negativity or an outright ban on the subreddit, with no room for neutral or positive discourse. Hoskinson emphasized the importance of the Ecosystem Development Index (EDI), a metric he believes is crucial for the industry, backed by scientific research and assessed by objective university-affiliated researchers. However, his support for the project has led to its dismissal on the subreddit, revealing what he describes as an inherent bias among some community members. Responding to allegations…
Coinbase has expanded its offerings to include nearly a dozen new digital assets exclusively for a certain group of users. Some of the affected cryptocurrencies have launched a rally, aligning with the overall bullishness in the market. One of the biggest cryptocurrency exchanges – Coinbase – announced that users could start dealing with nearly a dozen digital assets, such as Voxies (VOXEL), Celestia (TIA), Hivemapper (HONEY), Velo (VELO), and more. It is important to note that the service is available only to German residents, as those who want to take advantage of it need to refresh their mobile application. VOXEL,…
In a striking turn of financial events, gold and Bitcoin (BTC) have both soared to record-breaking highs, signaling a shift in investor sentiment that appears to diverge from traditional expectations related to monetary policy and interest rate cuts. Analyst Noelle Acheson recently highlighted these trends, noting that their timing coincides with a period where anticipations for reductions in the US Fed’s interest rates are being deferred — pointing to underlying factors beyond just monetary policy influencing these markets. Contrasting trends While the Federal Reserve maintains interest rates above 5%, the simultaneous ascents of gold and BTC prices suggest that other,…
Swell has launched a layer-2 restaking rollup alongside Ethereum scaler AltLayer and crypto staking project EigenLayer. The rollup will take the form of a “restaked rollup”, which comes with a range of services such as decentralized sequencing, verification and faster finality. Restaking refers to a process on Ethereum where ether tokens that are deposited as security for the network can be repurposed to secure additional blockchains and protocols. Ethereum staking protocol Swell has introduced a layer-2 rollup with $1 billion in total value locked (TVL) using Polygon’s chain development kit (CDK). Swell developed the rollup alongside Ethereum scaler AltLayer and…
Stifel resumed coverage of Galaxy Digital with a buy rating and a price target of C$20. The investment bank says the stock should be a core holding for digital asset investors, highlighting a potential Nasdaq listing as a key catalyst. Galaxy Digital (GLXY) should be a core holding for equity investors looking to gain exposure to the digital asset ecosystem, investment bank Stifel (SF) said in a research report on Wednesday. Stifel resumed coverage of Michael Novogratz’s crypto financial services firm with a buy rating and a price target of C$20. Galaxy closed 4.7% lower on Thursday at C$13.11. “The…
Online crypto pundits have outlined timelines for when to expect $10 trillion asset manager BlackRock to disclose genuine paperwork to create an XRP spot exchange-traded fund (ETF). BlackRock has been reigning the ETF landscape with its new Bitcoin spot ETF. However, the fate of a U.S.-listed XRP ETF hangs in the balance as BlackRock has yet to signal any concrete plans to introduce a comparable investment product for XRP. Nonetheless, members of the XRP community persist in their demand for a share of the lucrative ETF market. They believe XRP warrants an ETF, citing regulatory clarification as a non-security following…
The London Stock Exchange (LSE) recently announced that it will begin accepting applications for Bitcoin and Ether exchange-traded notes (ETNs) in the second quarter of 2024. According to the Crypto ETN Admission Factsheet outlining the requirements for these products released by the LSE, the ETNs that will be processed for review need to be backed by Bitcoin (BTC) or Ether (ETH). The products also need to be non-leveraged and have a publicly available market price or value measure. The exact date for accepting applications was not provided by the LSE; however, no statements from major financial institutions confirm that they…
The crypto industry rejoiced today on news that Bitcoin had broken its previous record for all-time highest (ATH) price. But whether the coin actually broke that record—and what the number to beat even was in the first place—depends on who you ask. Decrypt, for example, reported the news Tuesday morning based on American crypto exchange Coinbase showing a high price above $69,324 following numerous close calls since Monday. Coinbase’s previous all-time high was listed under the $69,000 mark. Ro Shirole, Chief Commercial Officer at Saxet, a Bitcoin mining company, told Decrypt that he tracked Bitcoin’s price today by using the…