Author: NBTC

Bitcoin’s (BTC) price surged by $3,000 following the latest U.S. Consumer Price Index (CPI) report for April, which indicated a slowdown in inflation, boosting investor sentiment towards risk assets. The U.S. Bureau of Labor Statistics reported a rise in consumer prices by 3.4% in April year-over-year, a decrease from March’s 3.7%. This slower inflation rate has influenced a positive shift in market dynamics, with major stock indices reaching new highs and cryptocurrency prices, including Bitcoin and Ethereum (ETH), seeing significant upticks. This data, provided by the U.S. Bureau of Labor Statistics, indicates a moderation in inflation, which is a positive…

Shiba Inu (SHIB) was subjected to a major downtrend as market investors failed to hang onto the hype within the ecosystem on updates from lead developer Shytoshi Kusama. At the time of writing, Shiba Inu is changing hands for $0.00002401, down by 4.89% in the past 24 hours. As Shiba Inu struggles to find its feet, three major on-chain metrics are worth watching closely. Shiba Inu reboot mission While some investors focus primarily on price trends, a lot of other key ecosystem stakeholders focus on network actions, which generally determine the potential for long-term upsurges. One of these is the…

The Shiba Inu community is abuzz with excitement following a significant development that could pave the way for a Shiba Inu Exchange-Traded Fund (ETF). Coinbase, a leading cryptocurrency exchange, has made a crucial filing that could potentially boost the prospects of a SHIB ETF, sending waves of optimism across the Shiba Inu community. Last Friday, Coinbase Derivatives filed new futures contracts tied to Shiba Inu and four other cryptocurrencies, marking a significant advance in the growing landscape of crypto-related financial products. Coinbase expects to debut the new futures contracts on July 15, pending CFTC approval. If approval is granted, Shiba…

Pan-African crypto exchange Mara reportedly lost approximately $16 million out of the $23 million raised from investors. Following the exchange’s collapse, founder and CEO Chinyere Nnadi is said to have launched a new entity called Jara. Nnadi reportedly argued that the exchange depleted its raised capital by paying high salaries to attract talent. CEO Avoids Mara’s Liabilities In 2022, the now-defunct Pan African crypto exchange, Mara, reportedly burned nearly $16 million from the $23 million it raised from investors. According to a Techcabal report, as much as $9.1 million of this amount was used to pay employee salaries, bonuses, and…

BTC climbed to its highest price since April 24, while Solana’s SOL and NEAR led crypto gains. Bitcoin could target the $84,000 level with altcoins performing well, Swissblock said. Crypto markets rallied with Wednesday’s as softer-than-expected U.S. inflation data jolted digital assets from their stupor. Bitcoin (BTC) surged past $66,000 for the first time since April 24, and was recently up more than 7% over the past 24 hours. Ether (ETH) changed hands near $3,000 but underperformed with a 4% advance during the same period. Solana (SOL) and near (NEAR) led gains among crypto majors with 8% and 12% jumps,…

NeoSPCC has released significant updates for three core NeoFS components. The updates center on enhancing functionality, improving compatibility with the latest Neo N3 Cockatrice hardfork, and streamlining the developer experience. NeoFS node v0.42.0 This update introduces new storage list commands to the neofs-lens tool, making it easier for developers to manage and navigate storage resources. Enhancements also include improved status messaging from the SN API Server and a fix for the GETRANGE request issue, ensuring more reliable data retrieval. Additionally, by moving IR contracts deployment code to the contracts repository and updating dependencies, the update simplifies maintenance and future development.…

Main Takeaways In a United States federal court ruling, Judge Amy Berman Jackson dismissed several key claims by the Securities and Exchange Commission (SEC), including the assertion that crypto tokens themselves are securities. The court ruled that the SEC failed to allege facts indicating that secondary market sales of BNB tokens on crypto exchanges were securities transactions. The court also rejected the SEC’s argument that Binance’s fiat-backed stablecoin, BUSD, classifies as an investment contract. While some of the SEC’s claims were dismissed, the court allowed certain claims to proceed at this point. However, we expect the SEC will face significant…

BitMEX, one of the largest digital asset exchanges, has rolled out a meme coin basket index. The new product will make it possible to gain exposure to the top 10 most prominent meme cryptocurrencies by market capitalization, including Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), and dogwifhat (WIF). It has been advertized by BitMEX as “S&P500 for crypto meme coins.” The new contract is margined in the flagship Tether (USDT) stablecoin, offering up to 25X leverage. The index was designed based on the market share of the leading meme coin. DOGE, SHIB, and PEPE collectively account for 60% of the…

The United Nations Development Programme (UNDP) is pleased to announce a new partnership with the DFINITY Foundation, which will leverage the Internet Computer Blockchain technology to further develop and implement the Universal Trusted Credentials (UTC) initiative. This collaboration underscores a significant step towards enhancing digital trust and financial inclusion for Micro, Small, and Medium Enterprises (MSMEs) globally. This framework – the Universal Trusted Credentials (UTC) launched in collaboration with the Monetary Authority of Singapore (MAS) and other strategic partners,– when implemented in several countries, will not only enhance domestic access to financing for MSMEs but also unlock access to trade…

More big names have revealed allocations into the spot bitcoin exchange-traded funds. Wednesday marked the deadline for institutional investors to file their quarterly 13F report with the U.S. Securities and Exchange Commission, revealing positions held as of March 31, 2024. After Tuesday’s surprising disclosure of a $161 million allocation from the State of WIsconsin, more investment whales turned out to have been part of the unprecedented success of the ETFs. Hedge fund Millennium Management, with more than $64 billion in assets under management, held roughly $2 billion across a number of the spot bitcoin ETFs, according to its filing. The…