Author: NBTC

Regulatory clarity should encourage banks to enter the stablecoin market, S&P said. Tether could see its dominance wane if the stablecoin bill is approved, the report said. New digital asset custody providers could emerge leading to greater competition. Regulatory clarity in the U.S. should inspire banks from the traditional financial world to enter the stablecoin market and may also reduce the dominance of Tether’s USDT, S&P Global Ratings said in a report on Wednesday.A stablecoin is a type of cryptocurrency that serves as bedrock in crypto markets. U.S. Senators Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.) introduced a new stablecoin…

Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, is poised for a significant price breakout. Crypto analyst Jelle recently indicated that ETH is continuing to follow the falling wedge pattern, as anticipated. He mentioned that there might be a few more days of fluctuations below the current local highs before the next upward movement. Jelle also suggested that potential ETF news in the coming week could propel ETH beyond $4,100, with all-time highs being a possibility. At the time of writing, Ethereum is trading at $3,725, experiencing a slight dip of 1.76% over the last 24 hours. However, the…

But in a matter of weeks, this has changed. Beginning with the bipartisan vote in the House and Senate to repeal the U.S. Securities and Exchange Commission’s (SEC) much-maligned accounting bulletin (SAB121) and extending to yesterday’s reveal that the Biden administration is reportedly doing outreach to crypto firms in a late-stage attempt to hear what they have to say about what good crypto policy would look like, it has become (nearly) believable that brighter days are ahead on the political, regulatory and legislative fronts for the domestic crypto industry. The feeling is in the air, probably because everyone appears to…

Bitmain has announced the release of the Antminer L9, an application-specific integrated circuit (ASIC) miner tailored for coins that use the Scrypt algorithm, such as litecoin and dogecoin. The company reports that this new model provides 16 gigahash per second (GH/s) in hashing power and achieves an energy efficiency of 210 joules per gigahash (J/G). From L7 to L9: Bitmain’s Newest ASIC Miner Elevates Scrypt Mining The newly unveiled Antminer L9 is set to replace the older L7 model, which had a capacity of 9 GH/s. This upgrade boosts the output to 16 GH/s, maintaining an energy efficiency of 210…

The Securities and Exchange Commission is not ready to approve options for spot bitcoin ETFs — a move some say is questionable even considering that multiple regulators are involved. An option is a contract representing the right to buy or sell a financial product, like stocks or ETFs, at a certain price for a specific period of time. Industry watchers have said such derivatives on spot bitcoin ETFs could be particularly appealing to institutional investors looking to hedge their downside risk in the funds, whether they’re long or short the funds. Read more: Options on bitcoin ETFs could come soon,…

Both BlackRock and Grayscale have updated their U.S. spot Ethereum exchange traded fund (ETF) filings to add a seed investor and establish a custodian. BlackRock, the world’s largest fund manager, has received $10 million in capital from the seed investor who bought shares in its upcoming iShares Ethereum Trust, filings show. The S-1 form, filed late Wednesday with the SEC, states that the seed investor bought 400,000 shares at $25 and will act as a “statutory underwriter.” A seed capital investor initially funds an ETF to get it off the ground and trading on a stock exchange. This comes after…

Ethereum (ETH) is the second-largest cryptocurrency by market cap and is now back in the spotlight with increased institutional interest. As traditional finance money flows into the Ethereum ecosystem, Finbold selected two of the best ERC-20 tokens to consider investing. The finance behemoth BlackRock (NYSE: BLK) has turned its eyes to the tokenization of real-world assets (RWA). For that, BlackRock has already reserved an initial investment of $100 million, currently held in USDC on Ethereum. Meanwhile, an Ethereum spot ETF will start trading in Hong Kong on April 30 following higher regulatory clarity and approval. This institutional activity could propel…

Robert F. Kennedy Jr., the U.S. presidential candidate, spoke at a press conference Thursday at Consensus 2024 in Austin, Texas. Here are some of his comments: Donald Trump’s guilty verdict “I’m going to talk about issues of broader concern. I want to focus on the economic issues and the health issues. That’s what my campaign is about. I’m not going to get dragged into the dirt pile. I don’t have any thoughts. I’ve been very disciplined in not talking about lawsuits against [Joe] Biden or Trump.” Thoughts on Trump’s new pro-crypto stance “I’m happy about that. I think it’s a…

Ether’s put-call open interest ratio rose to 0.61 Wednesday, Glassnode data show. The uptick signals a bullish outlook, Wintermute said. Ether’s (ETH) price rally has stalled since Monday. Still, a popular options market gauge continues to exhibit a bullish bias. The token’s price has pulled back to $3,730 from the two-month high of $3,973 reached Monday, CoinDesk data show. Prices were on a tear last week after the U.S. SEC moved closer to approving the highly-anticipated spot ether exchange-traded funds (ETFs). Ether’s put-call open interest ratio, which compares the number of active put or bearish contracts versus bullish or call…

The price of Dogwifhat (WIF), arguably the most prominent meme cryptocurrency on the Solana blockchain, surged by an impressive 30%, reaching a 12-day pinnacle at $3.56. This meteoric rise has propelled Dogwifhat’s market capitalization past the $3.5 billion mark, solidifying its position as a major player in the crypto sphere. The surge in value has not only elevated Dogwifhat to new heights but also catapulted it to 33rd place in the ranking of the largest cryptocurrencies by market capitalization. This puts Dogwifhat ahead of fundamental and infrastructure projects like Stellar (XLM) and Cosmos (ATOM), as well as CRO, the native…