Author: NBTC

Key Points: Bitstamp will compensate Mt Gox creditors, ensuring a swift resolution to a long-awaited process. Several Mt Gox creditors have already received BTC and BCH in Bitbank and Kraken accounts, signalling progress in the compensation effort. The Bitstamp exchange has announced it will distribute tokens to Mt Gox creditors within the next 60 days, following up on the agreement reached between them and the Mt. Gox trustee. The announcement relieved many who had been expecting compensation since Mt. Gox collapsed in 2014. Bitstamp assured us that these investors would be paid as soon as possible. The exchange specifically pointed…

The Stacks Foundation, a leading blockchain platform, has just announced a new partnership with Uphold, the multi-asset money platform, aimed at boosting the mainstream Bitcoin (BTC) adoption, according to the information shared with Finbold on May 14. Thanks to the collaboration, Uphold users will not only be able to trade native STX but also seamlessly transfer their STX between their external Stacks compatible wallets and Uphold accounts. Uphold’s Anything-to-Anything trading model Uphold stands out as more than just a typical cryptocurrency exchange with its Anything-to-Anything trading approach allowing users to trade between various asset classes such as cryptocurrencies, commodities, and…

The Grayscale Ethereum Trust (ETHE), one of the largest investment vehicles for ethereum, has seen a significant evolution in its price compared to the net asset value (NAV). Historically, the Trust has traded at a discount to NAV, but recently, in anticipation of the expected launch of a spot ETF, this discount has turned into a premium. From discount to premium: a significant change for the Grayscale Ethereum Trust The impact of the regulator The future of ETHE and ethereum ETFs From discount to premium: a significant change for the Grayscale Ethereum Trust The transition from discount to premium is…

In a recent video update, fiance guru Kevin Paffrath, best known as the host of the YouTube channel Meet Kevin, delves into the reasons behind Cathie Wood’s recent decision to sell a significant amount of Tesla stock (NASDAQ: TSLA). Kevin begins by questioning why Cathie Wood, Founder and CEO of ARK Invest, is selling Tesla stock, especially when the stock has recently been experiencing significant gains. Kevin notes that ARK Invest sold 56,000 shares of Tesla to invest in Archer Aviation and other stocks. According to a report by MarketWatch, Wood’s flagship Ark Innovation ETF (ARKK) sold 56,425 Tesla (TSLA)…

VeChain has launched veDelegate, a delegation service for its B3TR ecosystem, which allows users to effortlessly stake their tokens and benefit from voting rewards with minimum effort. Users set their voting preferences, and the platform manages their weekly votes, enabling them to earn rewards without manual involvement; the platform promises over 1,900% in annual yield. The VeChain ecosystem is ever-growing, with new tools, services and products launching every other week. The latest is veDelegate, a token delegation service for the network’s B3TR ecosystem that offers rewards without any manual involvement. As per its recent announcement, veDelegate “allows users to stake…

In a bold move that could set a precedent in the United States, New Hampshire State Representative Keith Ammon has proposed allocating Bitcoin to the state’s reserves. Rep. Ammon took to Twitter on Sunday, suggesting that the state should consider investing some of its reserves into a Bitcoin Exchange-Traded Fund (ETF), citing potential astronomical returns. “Should the State of New Hampshire investigate allocating a small percentage of its reserves into a Bitcoin ETF? Of course,” Ammon tweeted. Highlighting the potential windfall that could have been reaped had such a move been made earlier, Ammon pointed out that if just 5%…

Ethereum price witnesses a 24-hour drop of up to 5.78%, as its Relative Strength Index (RSI) hits lowest level since August 2023, suggesting oversold conditions. Market veteran Michael van de Poppe, disclosed this in a recent report. This sharp decline indicates significant bearish momentum, suggesting Ethereum might be oversold. Furthermore, altcoins have reached their lowest RSI levels, either historically or for this cycle, indicating a widespread market capitulation. #Ethereum reaches the lowest RSI (Daily) since the collapse in August ’23.#Altcoins have reached their lowest RSI (Daily) ever or of this cycle. Clear capitulation. pic.twitter.com/9eehaITkQI — Michaël van de Poppe (@CryptoMichNL)…

DWF Labs has announced the launch of a $20 million Cloudbreak Fund. It aims to empower promising projects and founders in Chinese-speaking regions with substantial investments and strategic resources. The Cloudbreak Fund is open to projects in GameFi, Derivatives, SocialFi, Memecoins, and Layer 1/Layer 2 infrastructure. DWF Labs Unveils Cloudbreak Fund to Elevate Local Web3 Ventures This fund demonstrates that DWF Labs is serious about supporting and promoting Web3 innovation. Namely, it revolves around offering localized projects the chance to present their ideas to the world and expand the utilization of Web3. The Cloudbreak Fund is open to projects in…

Last week, PayPal announced the expansion of its stablecoin PYSUD to Solana, marking the first move beyond the Ethereum blockchain. Industry players shared with Crypto Briefing that this movement solidifies Solana as one of the ‘big three’ blockchains, highlighting that the blockchain and institutions make sense. Ran Goldi, VP of Payments at Fireblocks, points out that Solana is now “harvesting the fruits” of the work done for the past three years. He adds that Solana’s infrastructure allows payment companies to leverage its blockchain to mimic their existing flows and operations while offering new payment constructs and attributes to unlock new…

The cryptocurrency market has seen the strong progress of Bitcoin for a while now. However, in the recent landscape, there seems to be a temporary pause in the coin’s rise. Bitcoin tripled its value in 2021, but it backfired this time right after crossing the previous all-time high. For the last two months, the coin had been trading sideways. The pause brings to the question: what will drive the coin to break this phase? The current structure suggests there is still much potential for growth in this cycle. What is the market waiting for?“Current market structure, including factors like profitability,…