Author: NBTC

While Ethereum investors and the entire cryptocurrency market are waiting for the SEC’s spot Ethereum ETF decision, people are wondering about the time when the decision will be announced. While there is no clear information at this point, Bloomberg ETF analyst Eric Balchunas made an hour prediction, stating that he believes the SEC will approve ETH ETFs. At this point, Balchunas, who made a prediction according to the SEC’s spot Bitcoin ETF announcement time, estimates that ETH ETFs will be approved at 16.00 New Jersey time (UTC 08.00). Accordingly, the ETH ETF decision is expected to be announced at 23:00…

Wall Street analysts are eyeing a potential turning point in Federal Reserve policy, with some predicting a seismic shift that could ignite a multi-trillion-dollar surge in the cryptocurrency market. This bullish outlook hinges on the Fed successfully taming inflation, potentially unleashing an estimated $6 trillion in sidelined capital back into the market, according to a recent Forbes report. Some of that capital could move into the cryptocurrency space and boost assets like BTC, ETH, and XRP. Tom Lee, managing partner at Fundstrat Global Advisors, has revealed he envisions a transformative event, a once-in-a-generation opportunity as if the Fed signals victory…

Prominent blockchain sleuth Whale Alert, which tracks down large cryptocurrency transfers, has spread the word about almost two trillion Shiba Inu meme coins leaving Robinhood for an unknown wallet. Two staggering SHIB chunks have been grabbed on the popular investment platform and withdrawn approximately eight hours ago. In the meantime, the SHIB eyes a bullish breakout, according to a popular analyst. In the meantime, almost two billion SHIB were burned in April, mostly by mistake. 1.75 trillion SHIB purchased as coin eyes breakout The aforementioned source shared that over the past eight hours, a mysterious wallet -4D935 has scooped up…

The U.S. District Court for the Western District of Texas granted partial summary judgment in favor of the Securities and Exchange Commission (SEC) against crypto influencer Ian Balina. The court ruled that Balina offered and sold SPRK Tokens as securities in unregistered transactions, affirming that US securities laws apply to his activities. SPRK deemed security The SEC’s complaint, filed on Sept. 19, 2022, alleged that Balina purchased $5 million worth of SPRK tokens from Sparkster, Ltd. in May 2018. He then allegedly organized an investment pool of about 68 individuals, to whom he offered and sold SPRK tokens without registering…

SPACE ID, an all-inclusive identity forum for registration, trade, and management of Web3 domains, has started a new partnership. The company has announced that it is joining forces with BEVM (a BTC layer-2 network with complete compatibility with the Ethereum ecosystem) to introduce the decentralized .bevm identities. The platform disclosed this development on its account on the social media forum X. SPACE ID 🤝 BEVM.bevm domains are now here!! 😌 https://t.co/osxPDMlpad — SPACE ID (@SpaceIDProtocol) May 23, 2024 SPACE ID Discloses Its New Partnership with BEVM to Unveil Decentralized .bevm Identities In its recent X post, SPACE ID brought to…

New television spots by crypto stalwarts Coinbase and Grayscale are set to air during NBA and NHL playoff games, the companies told Blockworks. The commercials come around the highly anticipated bitcoin halving — slated to occur on April 19 or 20 — when per-block mining rewards are set to drop from 6.25 BTC to 3.125 BTC. The Coinbase commercial, posted on X Monday, shows a spotlighted motorbike in a warehouse-type setting apparently used for pizza deliveries. “Over time, your money gets you less,” a voice states. “Does bitcoin?” The commercial shows how much pizza a person could have bought with…

As the expectations of the spot Ethereum (ETH) exchange-traded fund (ETF) approval come closer, traders place bigger bets on ETH rather than Bitcoin (BTC). According to a CryptoQuant report shared with crypto.news, the ETH-BTC open interest ratio has increased from 0.54 to 0.67 over the past week. This shows traders are getting a higher exposure to Ethereum rather than Bitcoin due to the expectations of the spot ETH ETF approval. Data from Santiment shows that the ETH total open interest is currently standing at $8.53 billion. The total funding rate aggregated by Ethereum increased from 0.016% to 0.018% over the…

On Wednesday, American technology giant Nvidia (NVDA) announced its Q1 2024 earnings report. The company’s performance exceeded expectations for both sales and earnings, resulting in a significant rise in its stock price. The company’s performance highlights the ongoing robust demand for artificial intelligence (AI) chips, with notable gains in its data center sales and networking parts. Nvidia’s Strong Q1 2024 Earnings Boost AI Market Confidence Nvidia reported revenue of $26.04 billion, surpassing the expected $24.65 billion. The chipmaker also saw a significant increase in net income, reaching $14.88 billion, or $5.98 per share. In comparison, in Q1 2023, Nvidia’s net…

The US House on Thursday approved a bill that prohibits the Federal Reserve from issuing a digital dollar, or central bank digital currency (CBDC), without explicit authorization from Congress. This legislation, known as the CBDC Anti-Surveillance State Act (HR 5403), passed with a vote of 216 to 192. Republicans voiced worries that a US CBDC could be used for government control over citizens’ finances. The Fed itself hasn’t yet come out with a solid proposal to launch a digital dollar. But, the House vote reflects ongoing concerns among Republicans – including former President Trump – about potential government overreach with…

Gelios, the first community-owned decentralized applicaiton (dApp) layer on the Bitcoin network, has partnered with Koi. It is the most advanced and deepstack AI generated highly composable and editable 3D metaverse protocol built on top of Rune protocol. The goals of the strategic partnership are to grow the Gelios ecosystem, create integration between Koi and Gelios that becomes automatic in nature, jointly work on R&D for Layer 2 solutions as well as launch cooperative marketing efforts to drive user acquisition & retention. Gelios x KoiWe’re thrilled to reveal our new collaboration with @Koi_BTC, the first AI-generated, highly composable, editable 3D…