Author: NBTC

Canada-based Purpose Investments announces conversion of its Ethereum Capital Corporation into staked Ethereum ETF. Conversion sees Canada embracing Ethereum staking ahead of US after SEC signals discomfort with concept. Ethereum price’s recent downtrend could prove a good buy-the-dip opportunity. Ethereum (ETH) resumed its downward trend on Monday after a slight weekend recovery following the launch of the Canada-based Purpose Investment Staked ETH ETF. Daily digest market movers: Purpose Investment launches staked ETH ETF In a press release on Monday, Purpose Investment announced the conversion of its Ether Capital Corporation to Purpose Ether Staking Corp ETF. The move comes after its…

Key Points: South Korean crypto exchanges experienced a dramatic drop in trading volume in Q2. Upbit and Bithumb offer high-volume trading pairs, mostly small-cap altcoins. US exchanges are seeing increased liquidity, with improved conditions for Bitcoin trading. South Korea crypto trading volume plunged from $35 Billion in Q1 to $6 Billion in Q2. Factors include risk sentiment and US inflation. As reported by Kaiko, South Korean cryptocurrency exchanges have suffered a dramatic fall in trading volume. From beating USD trade volumes in Q1, KRW trades dropped quite significantly in Q2. Dramatic Decline in South Korea Crypto Trading Volume in Q2…

Ternoa, a cross-layer protocol using confidential computing to further secure blockchain, has recently introduced a new project. As per the platform, it is unveiling zkEVM+ which is a privacy and security-centric layer 2 that Polygon has developed on Ethereum. The testnet launch of the respective project on Ternoa offers censorship resistance through integrity proofs. As Ethereum keeps scaling, trust assumptions weighing on digital assets holders matterDiscover zkEVM+, our take at making ETH a safer placeBuilt on @0xPolygon CDK, combining ZK + TEEs proofs and @AvailProject DA, co-implemented with @0xZeeve👨‍🏫👩‍🏫 https://t.co/WM0Of1r0gh pic.twitter.com/5vNcqjcQX5 — Ternoa 🟪 🟣 (@Ternoa_) June 17, 2024 Ternoa…

Following the depreciation in the Bitcoin (BTC) price, which resulted in a decline of approximately 3% in the last 24 hours, il Capo, one of the legendary cryptocurrency analysts, evaluated the BTC price. In his post on X, il Capo stated that the support point is $67,000. According to the analyst, there is an accumulation of demand at these levels and in his main scenario, this level is expected to hold and the bullish atmosphere will continue. According to the analyst, if the $67,000 level fails to hold, the next support zone will be $65,000. il Capo, in his statement…

Ethereum price declined again and retested the $3,365 support zone. ETH could start a fresh increase toward $3,700 if it stays above $3,365. Ethereum is still holding the key $3,365 support zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $3,500 on the hourly chart of ETH/USD (data feed via Kraken). The pair could form a double-bottom pattern and rise toward the $3,700 resistance. Ethereum Price Retests Key Support Ethereum price failed to gain pace for a move above the $3,580 and $3,650 resistance levels.…

New York FED President John Williams stated in his statement today that he expects interest rates to be reduced gradually over time. However, he refrained from specifying when the FED might start easing monetary policy. “I expect interest rates to gradually decline over the next few years, reflecting the fact that inflation is back to our 2% target and the economy is on a very strong sustainable path,” Williams said in an interview with Fox Business. When asked about the possibility of the Fed meeting current market expectations for a rate cut in September, Williams declined to make a prediction…

Harbour, the company behind at bank to self-custody wallet services, has just announced a partnership with Aleph Zero, the massively scalable crypto infrastructure. This partnership will bring to market the Magic Ramp product, which is a new offering aimed at revolutionizing the way end-users send their assets between banks and blockchain networks. Harbour’s Magic Ramp leverages some of the best of breed fintech from the Harbour payments engine to integrate with Aleph Zero’s leading fintech capabilities in terms of transaction throughput. The integration will make it easier for the users as it is relatively faster and they can now use…

Today, in the Southern District of New York, was the first hearing in the US Department of Justice’s (DoJ) case against Samourai Wallet developers Keonne Rodriguez and William Lonergan Hill. I attended the first hearing for the #Samourai Wallet case earlier today on behalf of @BitcoinMagazine and briefly spoke with one of the defendants, Keonne Rodriguez, after the hearing.Here’s a recap of what I learned: pic.twitter.com/QZN4Ape0CZ — Frank Corva (@frankcorva) May 28, 2024 The two developers were arrested in late April and charged with money laundering and operating an unlicensed money transmitting business. Only Rodriguez and his attorney, Michael Krause,…

Ethereum supply on exchanges drops to its lowest since 2016, signaling potential scarcity and upward price pressure. Significant ETH withdrawals suggest investor confidence in long-term gains ahead of the Spot Ethereum ETF launch. Despite a bearish MACD, reduced Ethereum supply and ETF anticipation hint at future price appreciation. Ethereum’s presence on centralized exchanges has dropped to its lowest point since 2016, ahead of the anticipated launch of the Spot Ethereum ETF in July. Recent data reveals that only 12 million Ethereum, approximately 10% of the total supply, remain on these exchanges after investors withdrew 4.1 million ETH within ten days.…

Fueled by the explosive global hunger for greater computing horsepower in artificial intelligence, Nvidia on Tuesday surpassed Microsoft to become the most valuable company on the planet. With Nvidia (NVDA) stock trading at $135.87 as of writing, the company has a market capitalization of $3.34 trillion, according to Yahoo Finance. A 3.7% rise early in the day put the California-based company ahead of Microsoft, which remains a close second with a $3.33 trillion market capitalization. Microsoft (MSFT) is down 0.53% for the day, trading at $446.00. Rounding out the top three is Apple, which currently has a market capitalization of…