Author: NBTC

Billy Markus, one of the Dogecoin (DOGE) founders, recently addressed the speculation about the SEC possibly approving a Dogecoin ETF. This speculation has grown following the approval of Bitcoin and Ethereum ETFs, leading many to ponder which cryptocurrency might be next. Markus seems to downplay these rumors, suggesting they are not particularly likely to him. Although DOGE began as a meme coin, it has achieved widespread acceptance over the past decade. Numerous businesses now accept it as a payment method, maintaining its market presence. Dogecoin’s classification as a nonsecurity positions it well for an ETF. Earlier this year, the CFTC…

Crypto exchange Coinbase filed a motion to compel the Securities and Exchange Commission to produce internal communications on its discussions about crypto, including the messages of Chair Gary Gensler. The company backed off from a more aggressive earlier effort to seek Gensler’s communications, having demanded documents from before he started work at the agency. Coinbase Inc. (COIN) is going after internal chatter at the U.S. Securities and Exchange Commission (SEC) that may shed light on its pursuit of cryptocurrency exchanges as illegal enterprises – including Chair Gary Gensler’s own communications – but the scope of its latest request filed on…

Bitcoin price failed to start a recovery wave above the $61,500 resistance zone. BTC started another decline and might dive toward $55,000. Bitcoin started a fresh decline and traded below the $58,500 zone. The price is trading below $60,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $58,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to start a fresh increase above the $60,000 resistance zone. Bitcoin Price Extends Losses Bitcoin price struggled to start a decent recovery wave above the $61,500…

Following the spot Bitcoin ETFs launched in January, spot Ethereum ETFs were also opened for trading yesterday, July 23. Ethereum ETFs also got off to a flawless start, with an inflow of $107 million, although not as much as BTC. We have entered a new era with Ethereum ETFs! While this success of ETH ETFs was appreciated by the market, Bitwise CIO Matt Hougan said that spot Ethereum ETFs marked the beginning of a new era for crypto investment. Stating that a new era has entered crypto ETFs with ETH, Matt Hougan argued that there may be more than one…

The crypto industry has witnessed the rise of several novel technological breakthroughs over the last couple of years, with one of the most important of these innovations being the advent of ‘market makers.’ From the outside looking in, these digital entities ensure that there’s always a buyer for every seller and vice versa, facilitating smooth transactions and reducing price volatility. Moreover, they provide essential liquidity and contribute to the overall health and efficiency of the digital asset market. In this listicle, we will spell out the top 5 market makers available for mainstream crypto users. So, without any further ado,…

Lido DAO (LDO) has seen its token price surge following the release of its Validator and Node Operator Metrics (VaNOM) report for Q1 2024. At the time of writing, LDO was trading at $2.35, reflecting a 10% rise over the past 24 hours. The market cap of LDO exceeded $2 billion, and the 24-hour trading volume reached $474 million, marking a 148% increase. LDO 24-hour price chart | Source: CoinMarketCap The VaNOM report, published on May 23, highlighted a shift in client diversity, especially at the execution level. The usage rate of the client Geth dropped to 46%, a significant…

Senator Cynthia Lummis (R-WY) said the Biden administration’s to impose a 30% tax on Bitcoin miners is a “dangerous scheme” and an “attack on innovation.” She argued that such a high tax rate would stifle innovation and push mining operations overseas, undermining both economic and national security interests. She made the statement in a July 23 social media post, announcing she had published an “orange paper” to refute Biden’s “disastrous proposal.” The paper — titled “The Future of Bitcoin Mining: Strategic Considerations for the US“— provides an in-depth analysis of the economic, environmental, and regulatory aspects of Bitcoin mining. Lummis…

Bitcoin is fast selling off. At spot rates, the world’s most valuable coin dropped by over 5% on the last day of trading and continues to spiral lower, easily breaking $60,000. The psychological round number has been level to watch out for over the previous few days, especially following gains over the weekend. Bitcoin Is Down: Is It Time To Buy? While Bitcoin is edging lower and sellers are relentless, one analyst thinks this is the right time to stack up. In a post on X, the analyst argues that Bitcoin is on the cusp of the “Spring” phase within…

Ethereum is approximately one-third the size of Bitcoin, and the debut of its spot ETFs was slightly less than commensurate by size. However, ether has outperformed bitcoin when we look at the absolute value of its net flows on the day of its ETFs debut. Ether posted a positive $107 million versus bitcoin’s decidedly negative -$1.5 billion. First-day trading volume of Blackrock’s spot ether ETF totaled approximately one-quarter the volume of first-day trading volume of Blackrock’s spot bitcoin ETF. Combined, trading volume for all nine spot ether ETFs totaled $1.112 billion yesterday — slightly under one-quarter the volume of all…

Elon Musk appears to be considering whether his Electric Vehicle (EV) manufacturing company, Tesla, should invest $5 billion in his artificial intelligence (AI) startup, xAI. On July 24, Musk polled his followers about the potential investment, with early results showing support for the move. However, Musk clarified that the poll was only exploratory and any decision would need board and shareholder approval. Musk said: “Board approval and shareholders vote are needed, so this is just to test the waters.” As of press time, more than 500,000 people had participated in the poll, with around 69% voting in favor of the…