Author: NBTC

Robinhood (Nasdaq: HOOD), a company with a market capitalisation of about $18 billion, has announced its first share buyback plan. Under this plan, it will repurchase $1 billion worth of its shares over the next two to three years. Robinhood’s Stock Buyback Plan The stock buyback plan, announced yesterday (Tuesday) after the stock market closed, has already received authorisation from the retail broker’s board of directors. “As our business and cash flow have continued to grow, we’re excited to announce a $1 billion share repurchase program to return value to shareholders,” said Jason Warnick, Chief Financial Officer of Robinhood. Under…

After amassing some 35 million players in the first three months of this year, viral Telegram-based game Notcoin is gearing up to launch its NOT token on The Open Network (TON) in the coming days. And now we know what to expect from that launch. Notcoin’s NOT token was expected to launch by the end of April, co-creator Sasha Plotvinov told Decrypt’s GG at Token 2049 Dubai last week. And there will be three key options for handling your funds from there, he explained. While the game’s “mining phase” ended on April 1 in preparation for the token launch, Notcoin…

The US Securities and Exchange Commission (SEC) has issued a stern warning to cryptocurrency investors, drawing attention to the increasing risk of fraud in the field of crypto asset securities. The SEC’s Office of Investor Education and Advocacy has issued an Investor Alert outlining how scammers are using the popularity of crypto assets, including cryptocurrencies, coins and tokens, to defraud unsuspecting investors. Fraudsters are leveraging new technologies and innovations to commit investment fraud, making it increasingly difficult for authorities to track and recover funds, the SEC said. These criminals often hide their identities and hide traces of funds using cryptocurrencies;…

Ten31 managing partner Matt Odell claimed this week that he’d figured out Michael Saylor’s true beliefs about Bitcoin development, specifically that, if asked, “He would encourage you to not support open source developers,” that he has “actively killed deals to support developers,” and that “he is proud of it.” Odell’s opinion, which he shared on Nostr, is notable because he’s a fundraiser and board member at OpenSats, one of the largest donors to open-source Bitcoin development. Odell continued to rant against Saylor. “One of the big ETFs was going to donate to open-source developers. Saylor told them if they did…

The New York Stock Exchange plans to list index options tracking the price of bitcoin (BTC), bringing another traditional finance giant into the cryptocurrency space. The cash-settled derivatives will track the CoinDesk Bitcoin Price Index (XBX), a 10-year-old benchmark operated by this news organization’s corporate sibling, CoinDesk Indices. The XBX is currently the benchmark for $20 billion in exchange-traded fund assets under management, according to the Wednesday press release announcing the partnership. “As traditional institutions and everyday investors are demonstrating their wide-ranging enthusiasm for the recent approval of spot bitcoin ETFs, the New York Stock Exchange is excited to announce…

One of the top members of the U.S. House of Representatives predicted that the best remaining chance for major crypto legislation this year is in a tight window at the end of the congressional session. Republican Emmer noted the major recent support from Democrats in Congress for crypto measures, but he suggested the U.S. Senate probably has significant work to do. Despite the crypto industry’s high-profile recent wins in Congress, major legislation faces a massive practical roadblock in the Senate, U.S. Rep. Tom Emmer (R-Minn.) acknowledged Wednesday, saying that chamber will want its own say in a big crypto bill,…

As of April 12, 2024, bitcoin’s price exhibits resilience, trading at $70,748, with oscillators showing mixed signals while moving averages firmly suggest a bullish trend heading into the weekend. Bitcoin The relative strength index (RSI) on the daily scale sits at a neutral 56, indicating neither overbought nor oversold conditions, suggesting that BTC has room to maneuver in either direction without immediate pressure from traders. Meanwhile, other oscillators like the Stochastic and commodity channel index (CCI) present neutral to mildly bullish signals, pointing to potential upward momentum without significant overextension. On the other hand, the moving average convergence divergence (MACD)…

NodeMonkes, the top Bitcoin collection, led CryptoSlam’s non-fungible tokens (NFT) daily sales board on Wednesday with US$935,770 in sales. This is the second time this week that NodeMonkes topped CryptoSlam’s sales chart. The sales spike has propelled NodeMonkes’ cumulative sales volume to US$229.06 million, placing it in the 26th spot on the all-time sales chart. It recently overtook the Avalanche-based Crabada. The second-highest performing collection of the day was Guild of Guardians Avatars on the Immutable with daily sales reaching US$693,704, climbing from the third spot the day before. Coming in third, DMarket on the Mythos chain recorded a daily…

Spot ether ETFs are not launching today — and they might not hit the market any time soon. But Thursday marked a win for crypto fund issuers, particularly considering how many expected the Securities and Exchange Commission to rule against such products just a week ago. In case your internet has been down for the last 16 or so hours, the SEC approved rule changes submitted by the stock exchanges on which ether ETFs would list. Fund groups now with a path to approval include VanEck, BlackRock, Fidelity, Grayscale, Bitwise, Ark Invest, Franklin Templeton and Invesco. Some industry watchers also…

Circle, a global financial technology firm and issuer of the regulated stablecoin USDC, has disclosed its official entry into the Brazilian market. This strategic manoeuvre aims to offer USD-backed digital currency and infrastructure to a region known for its burgeoning fintech landscape. Collaborating with key local enterprises like BTG Pactual and Nubank, Circle intends to introduce digital asset products facilitating swift, cost-effective, and round-the-clock access to USDC. This expansion coincides with a period of considerable fintech adoption, propelled by forward-looking policies such as the 2020 launch of the instant payment platform Pix, which boasts a user base exceeding 160 million.…