Author: NBTC

The U.S. has a long history of selling Bitcoin — with incredibly bad timing. It might have ended up losing out on billions of dollars as a result. It’s weird to think that — until very recently anyway — the U.S. government owned more Bitcoin than MicroStrategy. According to Arkham Intelligence, a slew of confiscations after criminal crackdowns means Uncle Sam is now sitting on an impressive stockpile of 213,543 BTC… that’s more than 1% of the total supply. MicroStrategy, which began aggressively adding the world’s biggest cryptocurrency to its balance sheet all the way back in August 2020, only…

Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter. Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner and. Here’s what you’ll find in today’s edition: It’s very likely that today is the last trading day without a US spot ether ETF available. Let’s talk about how we got here. Biden is out, Harris may be in. We break down market reactions after an eventful Sunday. It’s the last week ahead of the FOMC meeting. Read about…

The recently completed proof of concept by the Bank of Ghana and the Monetary Authority of Singapore demonstrated that the latter’s central bank digital currency enables cross-border payments, excluding many intermediaries and associated costs. Giesecke+Devrient (G+D) stated that the proof of concept (POC) demonstrated the effectiveness of utilizing digital credentials for international trade and cross-border payments. The Viability of the E-cedi in Cross-Border Transactions Giesecke+Devrient (G+D), the Ghanaian central bank’s technology partner, has said that the recently completed proof of concept (POC) demonstrated that a long chain of intermediaries and associated costs in cross-border payments are not necessary. G+D further…

Tezos (XTZ), a prominent smart-contract blockchain, has seen a significant drop in its price from its yearly high of $1.56 achieved in March 2024. This decline persists despite several groundbreaking developments and partnerships that highlight the blockchain’s ongoing innovation and potential for real-world application, thus begging the question: why has Tezos struggled to maintain its value amidst such advancements? Recent Tezos partnerships Two weeks ago, the Tezos Foundation unveiled a Mastercard-compatible payment card in partnership with Baanx, aiming to revolutionize cryptocurrency payments. This new non-custodial crypto card operates on Etherlink, an Ethereum-compatible Layer 2 blockchain powered by Tezos Smart Rollups…

In a recent interview with ‘Squawk Box,’ Senator Tim Scott, ranking member of the Senate Banking Committee, shared his thoughts on a number of topics, including the state of the 2024 elections, the Republican Party’s economic priorities, and the evolving landscape of the cryptocurrency market. This discussion took place ahead of former President Donald Trump’s appearance at the Bitcoin 2024 conference in Nashville this weekend. Former President Donald Trump will attend the Bitcoin 2024 conference in Nashville. This move is seen as an effort to secure the votes of cryptocurrency enthusiasts who expect lighter regulatory intervention if Trump is re-elected.…

Zoniqx, a platform for tokenizing real-world assets, has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) on its DyCIST and TALM platforms. Zoniqx has anchored notable projects, including the tokenization of a $3.2 billion commercial real estate project on its TPaaS technology. Zoniqx, a company whose platform offers users seamless and interoperable tokenization solutions, has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and proof of reserve solutions to unlock new capabilities. Zoniqx announced this week that it would integrate Chainlink’s solutions into its DyCIST and TALM solutions. RWA platform @zoniqxinc is integrating #Chainlink CCIP and Proof of Reserve on @ethereum to help unlock…

According to data provided by cryptocurrency analytics firm IntoTheBlock, Bitcoin whales started aggressively buying the largest cryptocurrency after its price recently dipped below the $60,000 level. This indicates strong buying pressure from large holders. The wallets that hold more than 0.1% of the cryptocurrency’s total supply received roughly 55,000 BTC of net flows over the past month. Earlier today, pseudonymous crypto analyst Ali also said that “early signs” of Bitcoin accumulation had emerged. This presumed accumulation phase would follow three months of distribution. As reported by U.Today, CryptoQuant’s Ki Young Ju recently stated that Bitcoin’s boring sideways price action could…

U.S. regulators have given final approval for spot exchange-traded funds that hold Ethereum’s ether (ETH), giving Americans access to a second major cryptocurrency via the easy-to-trade vehicles. The decision caps a years-long process to get ether ETFs approved by the Securities and Exchange Commission and follows the regulator’s approval of bitcoin (BTC) ETFs in January. Packaging ether in an ETF wrapper could make them more palatable to conventional investors since the funds can be bought and sold through traditional brokerage accounts. Since their debut in January, bitcoin ETFs have attracted tens of billions of dollars of investment. Approval did not…

SBI Holdings partners with Franklin Templeton to make a strategic entry into the Bitcoin ETF market. The partnership will establish an investment management company focusing on digital assets. The new venture will have a 51% stake held by SBI Holdings and a 49% stake by Franklin Templeton. SBI Holdings and Franklin Templeton form a new investment management company to tap into the evolving Bitcoin ETF landscape in Japan. SBI Holdings and Franklin Templeton: A Strategic Partnership SBI Holdings, a major Japanese financial institution, is joining forces with the US-based asset management giant Franklin Templeton to establish a new investment management…

Ethereum Name Service has surged 7.6% over the past day, making it the top gainer among the largest 100 crypto assets amid a general downturn in the global crypto market. At the time of writing, Ethereum Name Service (ENS) was trading at $27.32, marking a 4.4% increase in the last 24 hours, according to data from crypto.news. With a circulating supply of 32.8 million ENS, the project’s market cap stands at $896 million. ENS price chart | Source: TradingView Despite this recent price increase, ENS remains down 68% from its all-time high of $85.69, achieved on November 11, 2021. Meanwhile,…