Author: NBTC

In addition to the higher seed money, Zhu Haokang also took note of the availability of in-kind subscriptions and redemptions as well as the regulatory clarity in Hong Kong that allowed a spot ether ETF before one was available in the U.S. Also participating in the briefing was Wayne Huang, head of ETF and custody at crypto exchange OSL. Source: Foresight NewsWhat does China Asset Management (Hong Kong) think about the scale of capital inflows on the first day of listing of Hong Kong cryptocurrency ETFs tomorrow?Zhu Haokang : I am very confident that the initial listing scale of Hong…

Stacks Foundation, an innovative team that is working on various implementations of programmable Bitcoin (BTC) L2s, shares details of its latest R&D initiative, its objectives and funding plan. Stacks Working Group starts researching BitVM Stacks Working Group, a new research team of cryptocurrency professionals, starts its study program with focus on BitVM, a computational layer based on Bitcoin (BTC), the largest cryptocurrency. This statement was made by Stacks Foundation’s Head of Growth Mitchell Cuevas on March 28, 2024. Can we build better Bitcoin layers with BitVM? 🟧A new @Stacks Working Group with an initial allocation of $500,000 is going to…

OpenAI is in the eyes of the storm in Europe, as Austrian advocate NOYB (None Of Your Business) had on April 29 accused the AI firm of violating data privacy rules due to inaccurate responses that cannot be corrected. NOYB’s complaint came on the heels of a data subject who queried ChatGPT about his date of birth but received incorrect responses, instead of being informed by the chatbot that it lacked the necessary data, which is a violation of data privacy in the EU. The subject’s name was redacted in the complaint, but NOYB revealed that the individual is a…

Bitcoin’s (BTC) price has the advantage of extremely bullish, highly enthusiastic investors who will never give up on the idea of a bull run. This could be the factor that drives the cryptocurrency’s price up as investors look for profits. Bitcoin Holders’ Bullishness – Optimism or Greed? Bitcoin price has seen considerable influence from investors, where massive accumulation and dumping trigger a rise or decline. This is a good thing since, at the moment, the same momentum is rising, suggesting investors are bullish right now. The Reserve Risk indicator is close to breaking out of the ideal green zone. This…

NEW YORK — Samourai Wallet co-founder Keonne Rodriguez pleaded not guilty to two criminal charges tied to creating and marketing the privacy-focused bitcoin wallet application and mixing service in a Manhattan courtroom on Monday. Rodriguez, 35, and his Samourai Wallet co-founder William Lonergan Hill, 65, were arrested last week – Rodriguez in Pennsylvania and Hill in Portugal – and charged with one count each of conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business. The charges carry a maximum sentence of 20 years and five years, respectively. Prosecutors have alleged that, between 2015 and the…

American multinational investment bank Morgan Stanley has filed with the U.S. Securities and Exchange Commission (SEC) to get Bitcoin ETF exposure for 12 of its funds. The filing states that the Advantage, Asia Opportunity, Counterpoint Global, Developing Opportunity, Global Insight, Global Opportunity, Global Permanence, Growth, Inception, International Advantage, International Opportunity as well and Permanence Portfolios may gain investment exposure to the largest cryptocurrency indirectly via investing in Bitcoin ETFs. The amount of investments into Bitcoin ETF will be restricted by “certain limits.” Morgan Stanley adds that the risk of investing in spot Bitcoin ETFs is comparable to the risk of…

Cryptocurrency analysis firm QCP has published a comprehensive report addressing the latest situation in Bitcoin and the general cryptocurrency market. The report highlights some key economic indicators and policy decisions that can significantly impact the market. The report begins by highlighting some alarming data from the United States. GDP in the USA grew by only 1.6% in the first quarter of 2024 compared to the previous quarter, remaining below the expectation of 2.5%. Meanwhile, Core Personal Consumption Expenditures were above the expectation of 2.6% at 2.8% annually, and Personal Consumption Expenditures were above the expectation of 2.6% at 2.7% annually.…

The crypto market anticipates a substantial influx of assets in April, with over $1.7 billion worth of tokens slated for release. Notable among these are Aptos, Axie Infinity, Arbitrum, and Ronin tokens. Token unlocks have gained traction as a strategy to gradually introduce locked assets into the market over a predefined timeframe. Proponents argue that this method aligns incentives among project investors and stakeholders. However, it frequently leads to short-term volatility and price dips. Top Token Unlocks in April CryptoRank, a leading crypto research and analytics platform, has identified the top 10 token unlock events in April. These have a…

Changpeng Zhao, the founder of crypto giant Binance, is set to be sentenced on Tuesday, potentially facing years in prison. Last week, the US Department of Justice requested 36 months behind bars for the former Binance boss. In its sentencing memo, the DOJ stressed that “breaking U.S. law was critical to the company’s success and profitability.” The prosecutors state that his violation of the law was “no accident or oversight.” “Zhao bet that he would not get caught, and that if he did, the consequences would not be as serious as the crime. But Zhao was caught, and now the…

A team of crypto developers has published a detailed plan to enable transaction rollups on Bitcoin, a common practice in crypto that was deemed impossible on the grandfather blockchain. Rollups are a decentralized system for bundling crypto transactions off-chain before settling them together on-chain in more target=”_blank”>scaling solution for Ethereum. The creators of the proposed Bitcoin framework say rollups will deliver more than increased capacity. “They bring full Turing complete functionality to Bitcoin,” said Edan Yago, a co-author of the Bitcoin rollup framework BitSNARK and Grail, in a message to Decrypt. Turing completeness would mean Bitcoin can use smart contracts,…