Author: NBTC

Market analysts at Matrixport are predicting that the U.S. Securities and Exchange Commission will likely approve the long-awaited spot Ethereum ETFs this week, potentially sparking a rebound for the cryptocurrency’s price. #Matrixport 📈Today-Jul 8: SEC Will Likely Approve #ETH ETF This Week#CryptoFinance #cryptocurrency #Crypto #SEC pic.twitter.com/83WVrVjrOZ — Matrixport Official English (@Matrixport_EN) July 8, 2024 The post examined the series of significant developments that began on May 20, when the SEC requested prospective ETF issuers to revise their applications. It highlighted that three days after the SEC’s initial request, on May 23, the commission approved the 19b-4 filings alongside the S-1…

According to an update on VeChain’s official website, the company recently took center stage at the Amazon Web Services (AWS) China Summit energy forum in Shanghai. This notable event in the energy sector demonstrated how cloud services and generative artificial intelligence can push enterprises not only to global expansion, but also to achieve zero-carbon and sustainability goals. During the summit, VeChain, a key AWS participant and partner, presented its end-to-end digital carbon management solution, VeCarbon. Tian Xinli, Senior Director of Pre-sales and Solutions at VeChain, shared information about a platform specifically designed to facilitate carbon compliance in the Chinese battery…

OKX plans to use Malta as its European Union hub to comply with the region’s new MiCA regulation; previously, it had targeted France for this. “Compliance in Malta is way more lenient, and that’s not the tag you want to have when you’re in crypto and trying to make it in the EU,” said a person with direct knowledge of OKX’s European regulatory efforts. The cryptocurrency exchange is looking to fill several high-profile roles in Malta, including head of compliance, operations lead and head of internal audit. OKX, the world’s second-largest cryptocurrency exchange, plans to make the Mediterranean island of…

Greenidge Generation Holdings Inc. has expanded its bitcoin mining operations with a new site in Mississippi. The site, which went live on July 1, 2024, features 2,400 bitcoin miners and is expected to increase capacity further in the coming months. Greenidge Adds 2,400 Bitcoin Miners to New Mississippi Facility Greenidge (Nasdaq: GREE) acquired the 12-acre Mississippi property earlier this year and rapidly transitioned it to an operational site using its proprietary Greenidge Pod X infrastructure. The site currently has 8.5 MW of power capacity, with plans to secure an additional 25 MW within the next 12 months. Greenidge explained to…

PRConnect, a digital content marketing services provider, has partnered with MediaFuse, a vertical newswire service, to enhance its news and content distribution services. In a statement shared with CryptoSlate on July 8, the companies said the move would expand PRConnect’s global distribution footprint while simultaneously creating successful campaigns targeting multiple markets and regions. PRConnect will utilize MediaFuse’s PR syndication capabilities to deliver news and press releases to readers in the blockchain, cybersecurity, fintech, gaming, and high-tech industries. The partnership will also allow PRConnect to offer clients guaranteed coverage in top-tier publications, including tech sites and news aggregators. Additionally, the collaboration…

Bitcoin price started another decline from the $59,500 level. BTC is moving lower, and the bears could gain strength below the $56,000 support. Bitcoin started another decline from the $59,500 resistance zone. The price is trading below $57,500 and the 100 hourly Simple moving average. There is a key declining channel forming with resistance at $58,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might continue to move down if it fails to stay above the $56,500 support. Bitcoin Price Dips Again Bitcoin price struggled to clear the $59,500 and $60,000 resistance levels. BTC…

Going by on-chain analytic data from SpotOnChain, an inactive ETH whale has finished selling its ETH stash: 7,240 ETH, having a total value of $21.4 million, to Kraken crypto exchange. Depositing to crypto exchanges signals an intent to sell, while withdrawals signal buying. The ETH shift follows a period of unknown direction on the market, with cryptos experiencing a fall in price. Ethereum was not exempted from such selling activity on the market, losing the value of 11.77% weekly. Spotonchain said the Whale had held these tokens for a year and a half, possibly at the start of 2023, when…

In a striking move that has captured the attention of the cryptocurrency community, a single whale has acquired a massive 262 million XRP. This substantial move comes at a time when market analysts are closely watching for a potential price reversal on XRP, the seventh-largest cryptocurrency by market capitalization. According to crypto data tracker Whale Alert, “262,575,885 XRP worth $137,276,075 was transferred from Kraken to an unknown wallet.” 🚨 🚨 🚨 🚨 🚨 🚨 262,575,885 #XRP (137,276,075 USD) transferred from #Kraken to unknown wallethttps://t.co/lX4r84iD63 — Whale Alert (@whale_alert) May 30, 2024 The destination wallet remains unknown, which adds a layer…

Vega Network, a next-generation decentralized exchange protocol, launched the XAU/USDT (Gold Token/Tether US Dollar) trading pair on its DEX network. This development marks the first non-crypto asset market on the Vega network, proposed and voted into existence by its community and $VEGA token holders. This provides a new innovation avenue not only for Vega but also bridges the gap between decentralized finance (DeFi) and traditional financial assets, catering towards complete spectrum of financial needs. By including a physical entity like gold, Vega is enlarging the range of DeFi has to offer and strengthen its commitment in serving every requirement that…

Asset management firm VanEck has officially submitted an S-1 registration form to the US Securities and Exchange Commission (SEC) for a spot Ethereum exchange-traded fund (ETF). The filing represents a key step toward potentially launching the first spot Ethereum ETF in the country. According to the preliminary prospectus, the proposed VanEck Ethereum ETF would trade on the Cboe BZX Exchange under the ticker symbol “ETHV.” The fund’s objective is to reflect the performance of Ethereum’s price, minus expenses. According to Bloomberg ETF analyst Erich Balchunas, this move from VanEck should promptly be followed by similar filings from other issuers within…