Author: NBTC

SEC officials said today they are leaning toward approving exchanges on which Ethereum Spot ETF products will be listed, Barrons reported and people familiar with the matter said. The agency made comments on the applications that, if resolved in a timely manner, could result in approvals as soon as this week. The U.S. Securities and Exchange Commission (SEC) has indicated that it is leaning toward approving spot Ethereum ETFs, according to sources familiar with the matter cited by Barrons. SEC officials informed the stock exchanges where the products will be listed about these trends yesterday. The agency has provided feedback…

The Japanese arm of Binance has listed a new Shiba Inu trading pair, causing a momentary surge to $0.00011 in SHIB price. On Monday, Binance Japan revealed its intention to welcome a Japanese yen-denominated trading pair for Shiba Inu on its spot platform by April 30. Binance Japan Lists SHIB/JPY At press time, the exchange has already opened trading for the SHIB/JPY pair. As a result of this listing, Japanese Shiba Inu enthusiasts now have the option to trade their favorite token against local currency. Moreover, the announcement emphasized that the newly listed SHIB/JPY pair is eligible for the ongoing…

As the London Stock Exchange gears up to list its inaugural crypto exchange-traded products, about half of its exchange-traded fund team has reportedly left. Just as the London Stock Exchange (LSE) prepares to list its first crypto-linked products, two members of its four-person team overseeing exchange-traded funds (ETFs) departed, Bloomberg reports, citing a spokesperson for LSE. According to the report, Michael Stanley, the head of exchange-traded products, and Hetal Patel, head of business development, have left the organization, though the exact timing of their exits remains unclear. The departures come as the LSE readies itself to list its first-ever crypto-linked…

In a groundbreaking announcement, Analog has revealed its strategic partnership with Humanode. Humanode is a pioneer in biometric authentication technology. This collaboration is set to transform the Web3 landscape by integrating unparalleled security and user-centric features into the blockchain space. 📣The future of Web3 is here, and it’s looking more human than ever!We’re teaming up with @humanode_io, the pioneers of biometric authentication, to bring unparalleled security and user-centricity to the blockchain space. 🔒With Humanode’s cutting-edge technology and Analog’s… pic.twitter.com/sNlCMWRefM — Analog (@OneAnalog) May 24, 2024 Analog Innovating Blockchain Interactions with Biometric Authentication Humanode has been at the forefront of innovating…

Over the weekend, the Bitcoin (BTC) crash had the crypto community on its toes. With the price dropping to $60,000, many investors worried that the flagship cryptocurrency was in trouble ahead of the “Halving” event. Amid the correction, Bitcoin critic Peter Schiff claimed that his previous predictions regarding spot Bitcoin ETFs (exchange-traded funds) were correct and presented the possibility of a doom drop for BTC. Peter Schiff’s Doomsday Prediction For Bitcoin Back in March, known Bitcoin opposer Peter Schiff asserted what he thought was the problem with Bitcoin ETFs. According to the economist, the problem with owning these investment products…

As the industry tries to make sense of the evolving bullish signals around possible spot ether ETF approvals, there’s no shame in needing a quick refresher. The Securities and Exchange Commission is expected to rule on such products by Thursday. With me so far? Amended filings indicate that prospective ether ETF issuers would not stake the ETH they hold — a fund feature that segment observers long predicted the SEC to oppose. The SEC has declined to comment. Analysts expect the SEC to decide on so-called 19b-4s — proposed rule changes filed by exchanges on behalf of the issuers —…

Binance Launchpool, the world’s largest cryptocurrency exchange, listed its project Renzo Protocol (REZ) today with trading pairs REZ/BTC, REZ/USDT, REZ/BNB, REZ/FDUSD and REZ/TRY. REZ, listed on Binance, opened on the board at $0.0098 but later rose by 2960% to $0.299. REZ price, which was withdrawn afterwards, continues to be traded at $ 0.177 at the time of writing. Investors staked BNB and FDUSD to earn REZ. At this point, Renzo opened airdrop requests for his own token, REZ, which debuted with a market value of $289 million. In the statement, it was stated that the initial circulating supply of REZ…

Sam Bankman-Fried’s (SBF) FTX Group allegedly paid over $25 million in hush money to seven whistleblowers prior to the doomed crypto exchange collapse in November 2022, a bombshell independent examinator’s Thursday report found. FTX Whistleblowers Agreed To Settlement Deals Prior To Collapse Robert Cleary, the independent examiner tasked with conducting the report, discovered the now-settled claims investigating employee severance packages, as FTX did not record employee complaints. According to Cleary’s report, the investigation “ultimately identified settlement agreements totaling more than $25 million with seven whistleblowers who alleged various improprieties at the FTX Group, with most of that money going to…

MultichainZ has announced its latest milestone in bolstering the security and decentralization of its Ethereum validators. It has done so with a significant grant from the SSV network. This partnership aims to leverage SSV’s advanced technology and expertise to optimize validator management within the MultichainZ ecosystem. We are thrilled to announce that MultichainZ has received a grant from @ssv_network which will significantly enhance the security and decentralization of our Ethereum validators.🧵 pic.twitter.com/jKV2RtmrRU — MultichainZ (@MultichainZ_) May 24, 2024 MultichainZ Transitioning Towards Enhanced Validator Operations MultichainZ conveyed their enthusiasm through a series of tweets, expressing their excitement over the grant received…

Bitcoin price started another decline from the $67,000 zone. BTC is showing bearish signs and might soon revisit the $61,000 support zone. Bitcoin failed to clear the $67,000 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break below a rising channel with support at $64,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend its decline unless it clears the $65,000 resistance zone. Bitcoin Price Recovery Stalls Bitcoin price attempted a recovery wave above the $65,000 resistance zone. BTC even climbed above $66,200,…