Author: NBTC

Standard Chartered Bank’s head of forex and digital assets research, Geoffrey Kendrick, predicts Bitcoin could reach a new all-time high in August and hit $100,000 by the US presidential election in November. Kendrick’s forecast is contingent on Joe Biden remaining in the presidential race, a scenario he believes the market perceives as favoring a Donald Trump victory. The analyst views Trump as “bitcoin-positive,” noting a correlation between the former president’s electoral odds and Bitcoin’s price. “The logic here is that both regulation and mining would be looked at more favourably under Trump,” Kendrick explained. He also outlined an alternative scenario…

This week, the crypto industry saw the launch of spot Ethereum ETFs, a big step for the market. Nine companies, including Franklin Templeton and VanEck, got the green light from the SEC to introduce these ETFs. However, things didn’t kick off with a bang. Franklin Templeton’s Franklin Ethereum ETF (EZET) started off on a shaky note, dropping about 10% since its launch. This drop is part of a broader sell-off in the crypto market. David Mann, head of ETF product and capital markets at Franklin Templeton, commented that: “We think they’ll be a hit, but whether they’re going to get…

Tecban, a fintech that provides interconnection technology for banks, has launched a tokenization and associated services platform called Nexchain. This platform facilitates the process of placing assets on the blockchain for third parties as part of the Drex pilot. The platform will be launched in tandem with the second pilot phase of the Brazilian CBDC, and it will not feature its own blockchain. Tecban to Pilot Brazilian Drex-Based Tokenization Platform More and more solutions are being tested to solve use cases related to drex, the upcoming Brazilian central bank digital currency (CBDC). Tecban, a fintech that specializes in offering network…

The BNB Foundation has recently announced another milestone. As per the company, BNB Chain has effectively accomplished its twenty-eighth token-burning event for its native BNB coin, with a cumulative of 1,643,698.8 tokens burned. As a result of the respective event, a substantial decrease is taking place in the cumulative BNB token supply. This reportedly contributes to the overall value and health stability of the entire BNB ecosystem. BNB Chain made this announcement on its official blog today. BNB Chain Accomplishes Its Twenty-Eighth Quarterly Token Burn of BNB BNB plays the role of the local token working on the BNB Chain…

Conflux eSpace, fully EVM-compatible, is now live on C3 Caller for seamless blockchain integration. Conflux partners with Mengli Carnival, OpenFlux, PoPP Lab, and Cwallet for ecosystem expansion. In a tweet, ContinuumDAO made an announcement that Conflux eSpace, a fully EVM-compatible chain with much lower gas prices and greater transactions per second (TPS) than Ethereum, is now live on C3 Caller. Conflux eSpace, a fully EVM-compatible chain of Conflux with much lower gas fees and higher TPS than Ethereum, is now live on #C3Caller! We are excited to announce our integration with @Conflux_Network, enabling seamless connectivity between Conflux ecosystem and other…

Twitter co-founder and noted Bitcoin enthusiast Jack Dorsey believes that the world’s top cryptocurrency is poised to change the world. And he thinks that change is coming within a matter of years. Speaking at an exclusive gathering for the summer solstice hosted at a castle in Tuscany, Italy last week, Dorsey expressed confidence to a high-profile audience that Bitcoin will soon graduate in the West from a store of value to a dominant, permissionless currency that holders would want to use daily. “It’s going to take some time,” Dorsey said during the intimate talk, titled “Tech and Freedom,” at the…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. After launching our own Ethereum exchange-traded funds in Hong Kong, we’ve experienced firsthand the unlock that comes with greater visibility among investors. We saw an immediate shift in the enthusiasm, tone, and tenor of our conversations with investors, both institutional and retail, who saw this moment as a shift in legitimacy for the asset class. You might also like: Ethereum ETFs bring substantial benefits, yet challenges remain | Opinion So, as Ethereum (ETH) ETFs start trading in…

Globally, cryptocurrency transactions are set to exceed $108 trillion by the end of this year, marking an almost 90% increase from 2022. This surge highlights the rapid adoption and integration of digital currencies in various sectors. Australia has become a significant player in the global cryptocurrency market, demonstrating a strong interest in digital assets and investment products. The crypto scene in Australia Since 2022, Australian investors have had access to physically-backed Bitcoin ETFs, notably through the 21Shares Bitcoin ETF listed on Cboe Australia. This milestone provided a regulated and secure investment option, allowing investors to gain exposure to Bitcoin without…

AVAX, the native token of Layer-1 blockchain Avalanche, has experienced a notable increase of 13% over the last 24 hours, positioning it as the top gainer among the top 100 cryptocurrencies by market capitalization. Currently, the token is trading at approximately $32.2, up 11.5% in the same period, with its daily trading volume tripling to around $829 million, according to the latest data from crypto.news. AVAX price chart | Source: TradingView With the market cap now standing at $12.7 billion, AVAX ranks as the 11th largest cryptocurrency. However, despite the recent gains, it remains 78% below its peak of $146.2,…

LCX, a notable player in the digital assets exchange market, has recently announced a new strategic partnership with Clear Junction, aiming to revolutionize its fiat on-ramp capabilities. This collaboration marks a significant step forward in LCX’s commitment to enhancing user experience by incorporating instant fiat transfer systems into its services. By leveraging Clear Junction’s innovative financial solutions, LCX will provide its users with the ability to conduct real-time fund transfers and facilitate smoother transactions across their trading platforms. Clear Junction, regulated by the Financial Conduct Authority (FCA) in the UK, is renowned for its robust regulatory framework and extensive experience…