Author: NBTC

Robinhood has imposed restrictions on GameStop (GME) share purchases following a dramatic surge in the meme stock’s value late Sunday. This surge was triggered by speculation that Keith Gill, the notable figure behind the 2021 GameStop short squeeze, might hold a substantial position in the video game retailer. The company announced that Blue Ocean ATS, the platform facilitating overnight trades for certain stocks, would only accept orders within 20% above or below a reference price of $22.99. Consequently, any orders to buy GME above $27.59 or sell below $18.39 during the night would likely be rejected. This restriction aimed to…

Hong Kong’s securities regulator aims to approve the first batch of Spot Bitcoin ETFs on April 15. However, their availability is expected to commence roughly two weeks after approval, Tencent News reported Wednesday. Financial analysts were quoted as projecting that the first Spot Bitcoin ETF in Hong Kong could reach a size of $20b. This would be smaller than similar products currently available in the US. The SFC reportedly updated the list of authorized fund companies ahead of the initial approval announcement on April 15. It included Chinese asset managers Harvest Global Investment and China Asset Management on this list.…

Northstake’s tokenized ETH staking solution, launched today on the Ethereum mainnet, marks a significant milestone in the institutional staking market. —The initiative, aimed at enhancing liquidity for institutional investors, enables the liquidation of Ethereum validator nodes in a matter of hours, a process that traditionally took days. This solution, fully compliant with regulatory requirements, opens up new opportunities for institutional participation in Ethereum staking while ensuring liquidity.Following a successful pilot run on Ethereum’s testnet Holesky, Northstake has partnered with leading market makers GSR and DV Chain to facilitate tokenized ETH staking. Institutional investors can now leverage Northstake’s solution to maintain…

Solana (SOL) is in a recovery mode today with its price visibly breaching the $150 resistance point. At the time of writing, data from CoinMarketCap shows that Solana is up by 1.81% in the past 24 hours and is changing hands for $157.08 on spot exchanges. Solana network recovery as catalyst Solana has been in a state of limbo for some time, with menacing network congestion acting as a major bane to its growth overall. However, a recent update indicates that the Solana block production has now returned to its normal level with an average block time of two seconds.…

Do Kwon’s constantly shifting extradition case is being sent back to the Montenegrin High Court where it will be determined whether an extradition policy formed in 1901 between the United States and the Kingdom of Serbia is still applicable. This is according to Montenegrin media. Montenegro wasn’t a part of the Kingdom of Serbia when the treaty was signed, but later unified with the country in 1918. It’s unclear how international and local Montenegrin law will interpret this more-than-a-century-old legal standard. Read more: Montenegro PM Milojko Spajić may have met with Do Kwon, report Do Kwon in extradition limbo Currently…

Bitcoin and its adoption by the government of El Salvador have become a negative factor in the country’s negotiations with the IMF. According to reports, the institution demands changes to El Salvador’s Bitcoin law to receive a $1.4 billion credit line for expediting public debt payments and other obligations. El Salvador’s Bitcoin Allegiance Is Getting in the Way of IMF Credits Bitcoin has become a relevant geoeconomic factor for El Salvador, as it is currently part of the talks between the country’s government and the International Monetary Fund (IMF). According to reports, the negotiations between these parties would be at…

Chainlink (LINK) co-founder Sergey Nazarov doesn’t think the U.S. Securities and Exchange Commission (SEC) will stop at Ethereum (ETH). Last week, the SEC approved form 19b-4 filings from BlackRock, Fidelity, VanEck, Grayscale, Bitwise, Ark, Franklin Templeton and Invesco Galaxy simultaneously, paving the way for spot Ethereum exchange-traded funds (ETFs) in the US. Nazarov says the approval indicates the regulator will greenlight ETF offerings for other crypto assets in the future. “The launch of the ETH ETF proves a very basic assumption – that the Bitcoin ETF will not be the only ETF or traditional financial market vehicle through which the…

Ripple CEO Brad Garlinghouse has hinted that the company is considering overseas jurisdictions for its potential IPO, asserting that it makes no sense to go public in the U.S. Garlinghouse gave this hint during an interview at the 2024 Consensus conference hosted by CoinDesk. The interviewer asked the Ripple CEO a point-blank question about whether going public is on Ripple’s agenda. No IPO Under Gary Gensler In response, Garlinghouse noted that conducting an initial public offering (IPO) is not on Ripple’s immediate agenda. He attributed this stance to the U.S. SEC leadership under Chairman Gary Gensler. He noted that Ripple’s…

Solana is preparing for a major update that will be released on May 27th to the mainnet beta. Version v1.18 is critical to solving current network congestion issues. The upcoming version 1.18 is designed to significantly improve the Solana infrastructure. Congestion issues have become worse recently due to the increase in bot-managed transactions involving memcoins, which has led to a sharp increase in transaction failures. The Solana development team is actively implementing a series of updates designed to improve network performance in response to these issues. It is noteworthy that on April 13, in collaboration with key infrastructure developer Anza,…

The New York State Department of Financial Services now requires cryptocurrency service providers to implement complaint resolution mechanisms. The regulator will assess the application and efficacy of these policies around resolving customer service requests. New York’s top financial regulator has issued new guidance which requires cryptocurrency service providers collect relevant data to assess whether they are resolving customer service requests and complaints in a timely and fair manner, it announced Thursday. The guidance by The New York State Department of Financial Services reflects “expectations” of cryptocurrency service providers to include policies which cover response and resolution monitoring, and reporting. The…