Author: NBTC

The president of a multibillion-dollar investment firm says that the digital assets market still has a long way to run. In a new interview with Bloomberg, 21Shares co-founder and president Ophelia Snyder says that the crypto markets are still in their infancy despite having an overall market cap of $2.6 trillion. “[Our] short-term outlook is that we’re still really early, which is something I think people are forgetting right now [because] they’re seeing the massive assets coming into US products, some of the most successful ETF (exchange-traded fund) launches of all time… It’s still really early. Most institutions [are] still…

In a world where many cryptocurrency projects rely on artificial intelligence (AI), the growth of artificial intelligence has led to increased competition for processing chips. However, Coinbase research analysts David Duong and David Han predict that artificial intelligence and technology-driven efficiency gains will unexpectedly affect cryptocurrencies by reducing inflation. According to analysts, this decline could lead to lower interest rates and thus increase the appetite for riskier assets such as crypto. “We believe the disinflationary effects of AI and technology-driven productivity gains will continue their trend of moderating inflation throughout this year,” analysts said in a report published today. The…

The Zilliqa 2.0 whitepaper has just been released, revealing significant updates that aim to transform the network into a user-friendly, efficient blockchain. These enhancements position Zilliqa as a formidable force in the Web3 domain. introducing the Polygon Governance Hub — a unified & transparent interface for community governance, developed with @AragonProject.built hand-in-hand with the community, the hub marks the next chapter of Polygon governance and community ownership.more on what this means 🧵 pic.twitter.com/CrAg6QwKwG — Polygon | Aggregated (@0xPolygon) June 14, 2024 The introduction of X-shards represents a pivotal upgrade in Zilliqa’s sharding technology. This new structure allows for customizable blockchain…

Following the SEC’s latest filing in the Ripple case, XRP community members speculate that the parties could settle this summer. The U.S. Securities and Exchange Commission (SEC) has filed its response to Ripple’s supplemental authority letter regarding the Consent Judgment in the SEC v. TerraForm Labs (TFL) lawsuit. Ripple Supplemental Authority Recall that Ripple filed the letter on June 13 to further support its opposition to the SEC’s remedies-related demand of $2 billion. According to the TFL Consent Judgment, the defendant agreed to settle the SEC lawsuit by paying over $3.58 billion disgorgement and a civil penalty of $420 million.…

BitU Protocol has recently integrated MirrorX, a solution developed by Ceffu. This integration will enhance its off-exchange settlement capabilities and support its yield-generation strategies on Binance which is the world’s largest crypto exchange. We’re happy to announce that @BitU_Protocol has integrated with our MirrorX solution for off-exchange settlement.Learn more about the integration 👉 https://t.co/0HkSWprTrp pic.twitter.com/VAiJSgTBTl — Ceffu (@CeffuGlobal) June 14, 2024 MirrorX Enhances Asset Security for BitU on Binance MirrorX offers institutional clients such as BitU a safe means of placing their funds within Ceffu’s care. Such assets can be easily delegated or undelegated to and from Binance Exchange without…

On Friday, U.S. spot bitcoin exchange-traded funds experienced their 14th consecutive day of inflows, totaling around $50 million. Leading the inflows once more was Blackrock’s IBIT, while Grayscale’s GBTC saw outflows. $1.7B in Trade Volume and $50M in Inflows During Friday’s Bitcoin ETF Trading Sessions Approximately $50 million in inflows were reported during Friday’s spot bitcoin exchange-traded fund (ETF) trading sessions. The day’s total trade volume amounted to about $1.73 billion. Both Grayscale’s GBTC and Vaneck’s HODL registered outflows, with HODL’s being significantly smaller than GBTC’s. Among the 11 funds, only IBIT and FBTC experienced gains, with Blackrock’s Bitcoin Trust…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. “Disintermediation” is a buzzword that has been floating around the defi ecosystem for quite some time. It refers to the art of cutting out the middleman to let everyday traders connect directly to decentralized finance protocols, enabling access to various financial services without relying on traditional intermediaries. You might also like: The crypto industry is going forward and onward amidst mixed signals | Opinion In this space, the user is the master of their digital domain, with…

The positive May US CPI data, showing a decrease in inflation, has triggered a strong recovery in major crypto assets. Ethereum has witnessed an increase in buying activity and a surge in on-chain metrics. ETH price faces immediate resistance at $3,660 and support at $3,430, with the potential to surge towards $3,740 and $4,000 if buying momentum persists. The release of the May US Consumer Price Index (CPI) data revealed a slight decrease in inflation, dropping from 3.4% in April to 3.3% in May, which has had a positive impact on the cryptocurrency market, leading to a strong recovery in…

Evolve Bank and Trust has agreed to a cease-and-desist order with the Federal Reserve after it “found that Evolve engaged in unsafe and unsound banking practices” surrounding some of its fintech partnerships. Furthermore, the Federal Reserve found that Evolve did not have “controls sufficient to comply with anti-money laundering laws.” Evolve has been thrust into the banking industry spotlight recently as many fintech users have had their accounts frozen due to the failure of Synapse Financial Technologies, the middleman that connected Evolve to these various fintechs. The problem has grown in complexity as the ledgers of Synapse and Evolve, and…

In this article, we see how to prepare for the next crypto airdrop of the restaking platform Symbiotic. The project was launched on June 11 and in just 2 days it has already reached a TVL of approximately 240 million dollars. The well-known VC company Paradigm is at the forefront among the investors of Symbiotic, which suggests a rich airdrop is coming given the backer’s history on platforms that have previously released a token like DyDx, Blur, Friend.Tech, Optimism, and Uniswap. Let’s see everything in detail below. Symbiotic crypto airdrop: how to be eligible? Restaking protocol: how Symbiotic differs from…