Author: NBTC

With the Republican Party solidifying its ticket for the Presidential race with the addition of J.D. Vance, there is yet another pro-crypto politician setting sights on the White House in 2024. In addition to another pro-crypto individual entering the race, the SEC is inching ever closer to authorizing spot ether ETF products, which would represent another large scale shift in the cryptoasset landscape in 2024. Highlighting this pivot and shift in attitude are recent comments from Blackrock head Larry Fink, who commented that his past statements on bitcoin were incorrect, and that bitcoin provides important diversification for asset managers. Notably…

Founder and frontman of the Ethereum blockchain Vitalik Buterin took to his account on the X social media platform to express his condolences over the passing of the legendary meme Shiba Inu dog Kabosu. This way, he indirectly again demonstrated support and respect to the Dogecoin community. Vitalik Buterin pays tribute to Kabosu Vitalik Buterin tweeted “Rest in peace Kabochan” in response to the tweet of Kabosu owner Atsuko Sato (@kabosumama) about the Shiba Inu dog dying at the age of 19. In 2010, Kabosu became famous thanks to her photos going viral on the internet. In 2013, inspired by…

European regulators are taking steps to clarify the classification of crypto-assets under the new Markets in Crypto-Assets Regulation (MiCAR). The European Supervisory Authorities have released draft guidelines proposing standardized templates and a test to ensure a consistent approach across the European Union. The guidelines propose standardized templates for explanations and legal opinions regarding the classification of crypto assets, as well as a standardized test to ensure a common approach to classification. The guidelines seek to help market participants and supervisors adopt a unified method for classifying crypto assets. The proposed standardized test, along with templates for explanations and legal opinions,…

Ethereum (ETH) has experienced an over 15% price increase in the past two weeks. This surge has captured the attention of investors and analysts alike, highlighting the cryptocurrency’s resilience and potential amidst a turbulent crypto market environment. Ethereum began an upward trajectory on July 10 as regulators seemed ready to approve spot Ether ETF applications. On July 10, Ethereum led the charge with a 9% increase, reaching $3,680.98 and peaking at $3,835.43 earlier that day. Bitcoin also followed with a 2% rise, trading around $71,350. Issuers and exchanges have reportedly updated their documents, indicating that the U.S. Securities and Exchange…

Rumors have surfaced suggesting that BlackRock CEO Larry Fink could be appointed as the next Treasury Secretary if former President Donald Trump returns to office. This speculation has generated considerable buzz in financial circles, with many anticipating a significant impact on the markets. 🚨 BREAKING 🚨FORMER U.S PRESIDENT DONALD TRUMP SUPPORTS CRYPTO AND WANTS TO KEEP CRYPTO BUSINESS OPEN IN THE UNITES STATES 🇺🇸THIS IS MASSIVE AS MANY ARE PREDICTING DONALD TRUMP WILL WIN THE NEXT PRESIDENTIAL ELECTION OF U.S.GIGA BULLISH 🔥pic.twitter.com/DZpz2Bmz4y — Ash Crypto (@Ashcryptoreal) May 9, 2024 Analysts and investors are abuzz with predictions of a bullish run…

CORE, the native token of the layer-1 network CoreChain, has surged over 20% in the last 24 hours. This is a notable price increase, considering the downward trend in the broader crypto market with the prices of other major cap tokens, including Ethereum (ETH) dumping. Why CORE Soared By Over 20% CORE’s price rallied by over 20% following crypto exchange Coinbase’s decision to add the crypto token to its listing ‘Roadmap.’ That means the foremost US crypto exchange plans to list CORE at some point, although it hasn’t disclosed exactly when that will happen. Regardless, this is undoubtedly a positive…

Circle, a leading stablecoin issuer, advocates for changes to the European Union’s Markets in Crypto-Assets (MiCA) regulation. During a recent meeting in Brussels, CEO Jeremy Allaire expressed concerns about the law’s impact on the crypto industry. Allaire highlighted that MiCA‘s reserve requirements pose significant risks. The regulation mandates that stablecoin issuers hold 30% of their reserves in cash across multiple EU bank accounts. Further, the requirement increases to 60% for significant e-money tokens, which Allaire believes introduces considerable bank risk. MiCA’s Reserve Requirements Patrick Hansen, Circle’s EU strategy and policy lead, supported Allaire’s concerns. According to Hansen, “bank deposits introduce…

Cryptocurrency analyst Jason Pizzino is warning that Bitcoin (BTC) is at risk of falling even further if a major support level crumbles. In a new video, Pizzino tells his 330,000 YouTube subscribers that the Bitcoin support level at around $44,600 must hold to avoid a collapse that could see the flagship crypto asset revisiting prices last recorded in early 2023. “Any closes under $44,600 is probably going to be getting very close to a curse. And that curse is basically prices under $40,000… When it goes under $40,000, if you get [monthly] closes under there, longer-term closes like your longer-term…

Key Points: According to the president of The ETF Store, the spot Ethereum ETF approval suggests ETH is considered a commodity, not a security. Five Ethereum spot ETFs will launch on Cboe on July 23, expected to boost investor interest and prices. According to Nate Geraci, president of The ETF Store, the spot Ethereum ETF approval by the SEC “heavily implies ETH is a commodity & not a security.” It is a landmark moment as it demonstrates that crypto assets can transition from being classified as securities to commodities over time. Read more: Ethereum ETF Trading Is Now Listed On…

Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we discuss the import duties exemption measure President Nayib Bukele pushed for and passed in Congress and its possible effects on El Salvador. Bukele Passes Import Duties Exemption Bill for a Decade in El Salvador, Leaving National Producers Worries President Nayib Bukele surprised many with a measure that ramps up its commitment to take down inflation in basic products and curb distributors’ speculation practices. Using his leverage in the national congress, Bukele pushed and quickly passed a bill…