Author: NBTC

ETFs bring awareness but are less effective than private funds as an ETH investment vehicle. With the recent approval, launch and success of spot bitcoin ETFs, all eyes have turned to the possibility of spot ETH ETF regulatory approval, an outcome we believe to be unlikely under the current administration. Additionally, an ETH ETF will, at least initially, lack a staking reward component, a key aspect of ETH total return. We see the primary value of crypto-ETFs being the normalization of crypto investing for traditional finance allocators. Large ETF providers entering the space license their legitimacy, allowing allocators to invest…

Bitnovo Pay and Wipay join forces to revolutionize payments in commerce, creating a milestone in the payment media sector in Spain. Bitnovo Pay, a leader in simplifying access to and use of cryptocurrencies, and Wipay along with QPayPos, companies specialized in payment media technology with Android terminals and an acquiring license from the Bank of Spain, have announced a collaboration to redefine the payment experience in Spain. The strategic alliance of both companies, which combines Bitnovo Pay’s technological innovation with Wipay’s proven experience in Android payment terminals, offers a complete solution that encompasses a wide range of payment methods including…

A little-known altcoin has doubled up over the last 24 hours amid new partnerships and perpetual contract listings. New information reveals that data exchange digital asset REI Network (REI) – which aims to be a feeless Web3 protocol – is trading for $0.280 at time of writing, an increase of about 103% during the last day. The crypto’s rise in price coincides with its announcement of numerous collaborations with other crypto and tech firms, such as OpenTaskAI, an artificial intelligence (AI)-focused global marketplace that connects businesses and freelancers. “[REI Network] aims to achieve a lightweight, EVM (Ethereum Virtual Machine) compatible,…

Upbit, South Korea’s largest cryptocurrency exchange, started the day with altcoin announcements. Announcing that it will list two new altcoins at this point, Upbit said that these altcoins are Zetachain (ZETA) and Omni Network (OMNI). “Hello. Upbit is the most trusted global standard digital asset exchange. We would like to inform you about the new digital asset trading support as follows. Listing for ZETA is scheduled for May 3 April on the Bitcoin, KRW and USDT trading pair on the ZetaChain network. Listing for Omni Network (OMNI) is scheduled for May 3 on the BTC, USDT trading pair on the…

CleanSpark has released its first monthly unaudited Bitcoin mining and operations update since the halving. The company exceeded 17 EH/s in hashrate, mining an impressive 721 BTC with a record daily high of over 48 BTC. CEO Zach Bradford highlighted the company’s monthly gains in efficiency metrics as they deploy advanced S21 machines across their expanding facilities. These improvements have amplified mining output and optimized operational costs. He commented, “The remarkable increase in transaction fees immediately following the halving has significantly bolstered our bitcoin production this month, resulting in a robust increase to our bitcoin treasury.” Bradford emphasized CleanSpark’s industry-leading…

MicroStrategy’s founder and Chairman Michael Saylor has seen ups and downs for the last 25 years. First, the dotcom bubble burst of 2000 erased a staggering 99% of the company’s stock value. In 2022, Bitcoin, a significant part of MicroStrategy’s balance sheet, collapsed more than 70% from its ATH in November. Yet, in March 2024, MicroStrategy (MSTR) saw a staggering 461.7% increase in stock price over the past year. Despite all the dramatic events, MicroStrategy has been a success story to its investors. Who owns MicroStrategy? MicroStrategy Inc. develops and provides enterprise analytics and mobility software, including the MicroStrategy Analytics…

Role of Bitcoin ETFs, disappointment by Ethereum (ETH), collapse of Solana (SOL), meme coins as viable asset class and overvalued L2s: crypto veteran Alex Krüger sums up the developments of the last few months. Ethereum (ETH) disappointments, Bitcoin ETF “entirely” drives cycle While Bitcoin ETF approval appeared as the only catalyst entirely driving the upsurge of crypto capitalization, Ethereum’s (ETH) performance looks disappointing so far. ETH stakers and airdrop farmers, however, managed to benefit from the second largest blockchain, Krüger said in his recent X thread. Some thoughts on the current crypto cycle#1 The crypto cycle has been almost entirely…

Volta has raised $4.1 million in seed funding to develop a crypto platform for institutional investors. According to a press release shared with Cryptonews.com, the funding round was led by Fika Ventures and Haven Ventures. Other participants included Soma Capital, Dispersion Capital, and Uphonest Capital. Volta Circuit’s Comprehensive Features This investment aims to support the multi-signature, non-custodial platform Volta Circuit that targets enhanced speed, security, and compliance for its users. To address scalability, security, and performance, the platform stated that it would integrate smart contract wallets, incorporating direct on-chain enforcement of governance and policy controls. The architecture would provide expansion…

The recent arrest of Roger Ver, an early Bitcoin investor, has shaken the cryptocurrency community. The U.S. Department of Justice accused Ver of mail fraud, tax evasion and filing fake returns to avoid paying at least $48 million in taxes. Ver, who earned the moniker “Bitcoin Jesus” after spreading the word about Bitcoin in its early days, was arrested in Spain this weekend and might be extradited. The allegations are the latest brought by U.S. authorities against prominent crypto entrepreneurs. Changpeng Zhao, cofounder of Binance, the world’s largest crypto exchange, was sentenced to four months in jail on Tuesday. Sam…

Kraken expands trading with the introduction of new margin pairs on Shiba Inu and others, offering 3x leverage and fee adjustments to enhance trading options. Kraken has recently expanded its margin trading offerings with several new cryptocurrency pairs, notably including Shiba Inu (SHIB). In addition to SHIB, the new margin trading pairs also include ICP (Internet Computer), PEPE, and WIF (Dogwifhat), each offering tailored leverage and position limits. Specifically, the SHIBUSD pair provides traders with 3x leverage, allowing a high volume of trading positions up to 1,500,000,000 (1.5 billion) SHIB. However, it bears mentioning that the recent addition is specifically…