Author: NBTC

Top U.S. crypto exchange Coinbase today unveiled its promised Smart Wallet, a product it says it designed to reduce hurdles for new users looking to get started in the DeFi space. “Smart Wallets allows users to create a free, secure, self-custody wallet in just a few seconds,” wrote Siddharth Coelho-Prabhu, senior director of product management at Coinbase, in a blog post announcing the release. “They simplify onboarding, reduce the number of transactions to be signed, and seamlessly let you use your Coinbase balances.” Coinbase first announced its Smart Wallet at ETHDenver in February. Instead of traditional recovery phrases, apps, and…

Bitcoin’s recent price recovery has caught the attention of traders as the price has rebounded above the $71K level following a massive decline last week. Buyers liquidated their positions heavily after theprice touched the low of $65K. However, as the sentiment cooled down and BTC price experienced an accumulation near the support levels, it has now triggered a robust upward surge toward $72K. Bitcoin’s Liquidation Jumps Exponentially Just three days ago, Bitcoin’s price hovered around the $65.5k mark, sparking conversations about the end of its price correction phase. However, this price level gained buyers’ interest, resulting in a massive accumulation.…

A new slate of amended spot ether ETF applications are in, and at least one more round is expected before the products are able to launch. The latest document dump suggests another fee battle is in store and revealed that one issuer has decided to focus more on bitcoin. While the Securities and Exchange Commission on May 23 approved 19b-4 proposals filed by Cboe, NYSE Arca, and the Nasdaq to list such funds, the regulator now turns to finalizing S-1 registration statements as a last step before launch. Read more: On the Margin Newsletter: What needs to happen before ETH…

Galxe DAO has put forward a proposal to change its token symbol from ‘GAL’ to ‘G,’ as part of a broader token contract migration effort. The proposal, introduced by community contributor Steven Lei last Wednesday, seeks to solidify the organization’s brand identity, reduce confusion in the crypto market, and enhance community involvement. The Snapshot vote for GP25 is now live until April 26th! ⏳ Proposal: Token Symbol and Token Contract Migration – from GAL to G Vote now: https://t.co/Obbs6yqJ8Y Claim Voter Badge OAT here: https://t.co/640Fxaq9rl — Galxe DAO (@GalxeDAO) April 21, 2024 The proposal outlines several key benefits, including a…

Hong Kong police have issued new warnings about the surge in counterfeit banknotes. This alarming trend has seen such fakes used in elaborate crypto frauds. As currency and digital assets continue to evolve, the intertwining of traditional counterfeiting with modern financial scams presents a complex challenge for law enforcement and regulatory bodies. Hong Kong Authorities Crack Down on Counterfeit Banknotes According to the South China Morning Post, authorities confiscated 3,396 fake notes between January and April this year. This is a stark increase from the 553 bills seized during the same period last year, which had a total face value…

Binance intends to disseminate 15,000 USDT in the form of token vouchers to the new wave of users who are purchasing crypto and making fiat deposits through their “Buy Crypto” program. Incidentally, Binance is an internationally renowned cryptocurrency exchange. For the exchange, this will be a critical segment of its promotional initiative, scheduled to take place from June 5 to June 25. The participants will be those who have not yet implemented the program. To meet the eligibility criteria, users are required to get themselves listed on the activity page, following which they will be expected to carry out their…

Bitcoin, the first and largest cryptocurrency by market value, extended its recovery from the weekend to surpass $72,000. This remarkable rebound is more than just a figure; it is a monument to the unwavering trust of its supporters, among whom MicroStrategy Chairman Michael Saylor is a strong advocate. In a recent tweet, Michael Saylor urges Bitcoin to “ascend.” Saylor has long been a bullish figure in the crypto community, and his recent call for Bitcoin to “ascend” seems to have coincided with the crypto currency’s latest surge. Ascend #Bitcoin pic.twitter.com/gtK8lRx5Il — Michael Saylor⚡️ (@saylor) April 7, 2024 Bitcoin’s price has…

Ethereum’s price over the past hour has been $3,785 to $3,816, showing an intraday range between $3,746 and $3,837 in the last 24 hours. The crypto’s market capitalization today stands at $458 billion, with a 24-hour trade volume of $10.75 billion. Ethereum On the 1-hour chart, ethereum demonstrates strong support at $3,750 and resistance at $3,842. The recent spike in volume corresponding with a significant upswing indicates strong buying interest. Ether’s price oscillation between $3,750 and $3,840, followed by a slight pullback from the resistance at $3,842.5, suggests a potential retracement. ETH/USD daily chart. The 4-hour chart reveals broader support…

In a recent revelation by CoinShares, Cardano (ADA) has emerged as a frontrunner on the cryptocurrency market, witnessing a staggering 500% surge in fund flows within the past week. The weekly report on fund flows in cryptocurrency-focused investment products revealed that investments tied to Cardano reached a remarkable $1 million mark, marking a significant shift in investor sentiment toward the 10th largest capitalized cryptocurrency. This surge in investment comes on the heels of a stagnant period, where Cardano-centric investment products experienced a lack of movement in the preceding week, with neither inflows nor outflows recorded. Just two weeks prior, in…

Claudia Sheinbaum is the first woman to be elected the president of Mexico. Sheinbaum’s party has not proposed a comprehensive policy for crypto, but has imposed a 20% tax on crypto gains and reflected a focus on regulating blockchain. Mexico City’s former mayor, Claudia Sheinbaum, was elected president of Mexico to become the first woman to hold that position, according to multiple reports including The New York Times. The result signals the probable continuation of Mexico’s crypto policy because Sheinbaum is from the ruling Morena party. Her predecessor, Andres Manuel Lopez Obrador, could not run again under the constitution. Sheinbaum…