Author: NBTC

Clearpool has announced its collaboration with Flare, the blockchain for data, and The Hex Trust Group, a leading digital asset custodian, to launch a dedicated vault for earning yield on the newly introduced stablecoin, USDX. Developed by HT Digital Assets, Hex Trust’s tokenization ecosystem, USDX is designed to be a key DeFi asset for financial management on the Flare network. The stablecoin is backed 1:1 against the U.S. dollar or equivalent assets, primarily consisting of 1–3 month T-Bills. These reserves are held securely by regulated tier-1 financial institutions, providing assurance of the stablecoin’s value and stability. USDX holders can now…

The U.S. Securities and Exchange Commission has been reported to have asked exchanges to update their 19B-4 filings for Spot Ethereum ETFs on an accelerated basis. This sudden move, highlighted in a recent Coinbase report, could mean the SEC is gearing up to greenlight these ETF applications ahead of a critical deadline this Thursday. The implication is that Ethereum ETFs could go live, which might begin an entirely new future for Ethereum and the cryptocurrency market. SEC Fast-Tracking Process The SEC has asked exchanges interested in listing spot Ethereum ETFs to update their 19B-4 filings urgently. According to multiple sources,…

Whale Alert cryptocurrency tracker has purchased a mind-blowing amount of meme cryptocurrency Pepe on a major crypto exchange in Turkey. Several trillion Pepe have been withdrawn to an anonymous digital wallet. This massive transaction was made after Pepe coin demonstrated a major price surge followed by a small correction. 4 trillion Pepe leave Paribu exchange Slightly more than three hours ago, an anonymous investor purchased a mammoth-sized amount of popular meme coin Pepe on leading Turkish cryptocurrency exchange Paribu. The whale withdrew a staggering 4,049,371,347,309 PEPE. This amount of crypto is evaluated at $31,091,073. 🚨 🚨 4,049,371,347,309 #PEPE (31,091,073 USD)…

Indian Finance Minister Nirmala Sitharaman advocates for global consensus on cryptocurrency regulation, highlighting the need for international cooperation, particularly within the G20. She noted that while Indian regulators have differing opinions regarding how to treat crypto, there is currently no significant confusion. Indian Finance Minister on Crypto Regulation Indian Finance Minister Nirmala Sitharaman stressed the need for global consensus on cryptocurrency regulation in an interview with Businessline, published Monday. She highlighted the importance of international cooperation, especially within the G20, to address crypto regulatory challenges. “Even before G20 and since 2020, we had discussions about it in the Finance Ministry,”…

After the tension between Iran and Israel that started over the weekend, there was a sharp decline in Bitcoin and altcoins. The downward trend that started over the weekend continued and BTC pinned below $60,000 today. This decline also spread to altcoins. While the bloodbath in Bitcoin and altcoins continues, according to Coinglass data, 65,158 investors became liquid in the last 24 hours, while $201 million in leveraged positions were liquidated. While this bearish trend continues to make investors nervous, LMAX Group strategist Joel Kruger said that large Bitcoin investors have not yet started buying the dip, meaning the correction…

Amid ethereum’s value increase, the decentralized finance (defi) ecosystem has significantly benefited from ether’s double-digit growth. Leading defi tokens by market capitalization rose by 14.8% over the past day, and the total value locked (TVL) in defi exceeded $100 billion in the last 24 hours. Defi Protocols and Tokens Benefit From Ethereum’s Meteoric Rise The top defi tokens are gaining from ethereum’s price rise on Tuesday, as the second-largest crypto asset climbed 22% in the past day. The defi token market is now valued at $101.76 billion, following a 14.8% increase since yesterday. Coingecko.com reports the defi to ETH ratio…

Ether has had an impressive day, rallying after markets responded to speculation that the U.S. Securities and Exchange Commission (SEC) may soon approve one or more applications for spot-based ether exchange-traded funds (ETFs). The world’s second-largest digital currency by total market value reached as much as $3,702.23 today on CoinMarketCap, briefly surpassing the $3,700 level before falling back below this price point. Going forward, what key levels of support and resistance should technical traders monitor? Several analysts offered their points of view. “Ether is having quite the day! It’s quickly approaching a few major resistance levels,” Brett Sifling, an investment…

Polkadot’s ecosystem recorded massive growth across major metrics during the first quarter of the year, according to a Messari report. During this period, the market cap of Polkadot’s native DOT token rose to $12.7 billion from the $8.4 billion recorded in the last quarter of 2023. Notably, this upswing correlates directly with a monumental 270% surge in DOT’s price to as high as $11.3 from the bear market low of under $4. However, the digital asset’s value has witnessed some corrections to $7.22 as of press time. Thriving ecosystem Polkadot’s ecosystem experienced a surge in daily active addresses, soaring to…

Senior Democrats “strongly oppose” H.R. 4763, the Financial Innovation and Technology for the 21st Century Act (FIT21), but are not whipping the vote. FIT21, supported by digital asset organizations like Coinbase, provides a regulatory framework, defining digital assets and expanding CFTC authority. House Financial Services Committee Ranking Member Maxine Waters (D-Calif.) and House Agriculture Committee Ranking Member David Scott (D-Ga.) – the leading Democrats on their respective committees – have sent an email to Democratic members of the House of Representatives saying they “strongly oppose” H.R. 4763, the Financial Innovation and Technology for the 21st Century Act (FIT21), but are…

Bitcoin Core v27.0 upgrade brings notable changes to the functionality of the largest blockchain and removes some irrelevant software elements from its codebase. Last Bitcoin Core update before halving is out: What changed? Bitcoin Core v27, the newest version of Bitcoin’s node client software, is published in the orange coin’s GitHub repository. The new version is the last one to come out before the fourth halving reduces BTC emissions to 3,125 Bitcoins per block. Bitcoin Core 27.0 released 🎉https://t.co/Wkj7SCVXQ9 — Murch (@murchandamus) April 16, 2024 With the new release, a decade-old Bitcoin library libbitcoinconsensus has been deprecated. Also, new software…