Author: NBTC

Eric Balchunas, Senior ETF Analyst at Bloomberg, has provided insights on the autopsy report of the defunct Inverse Cramer Exchange-Traded Fund (ETF). Jim Cramer’s ETF design flaws Balchunas pointed out critical flaws that plagued the ETF from its inception. The analyst noted that the fund, designed to capitalize on Cramer’s stock picks through a long-short strategy, failed to attract investor interest due to high fees and a flawed design that hindered its performance even during favorable market conditions. Unlike traditional ETFs that typically adopt either a long or short position, the Inverse Cramer ETF followed a long-short strategy, where many…

After experiencing a rapid downturn, Ethereum has found itself supported by a substantial zone, comprising the 100-day moving average and a critical price range between the 0.5 and 0.618 Fibonacci levels. Consequently, a bullish rebound is anticipated in the medium term. By Shayan The Daily Chart A thorough examination of the daily chart reveals an extended period of corrective retracements, culminating in the price finding support within a pivotal zone. This zone encompasses the 100-day moving average at $3050 and the significant price range between the 0.5 ($3190) and 0.618 ($2972) Fibonacci levels. This range carries significance as it attracts…

Fantom is the latest Layer 1 blockchain actively courting meme coins amid the wave of explosive growth these assets have had. Andre Cronje, the network’s founder, disclosed his ongoing examination of meme coins and the potential potential integration into Fantom. Fantom’s Andre Cronje Eyes Community Safe Meme Coins Cronje revealed that he is currently working on crafting a framework for launching, nurturing, and safeguarding community-centric meme coins. However, this endeavor has left him feeling exasperated, owing to the inherent volatility and limited utility linked to these digital assets. Still, this initiative hints at Fantom’s imminent entry into the expanding array…

On March 13, 2024, Michael Novogratz, CEO of Galaxy Digital, joined CNBC’s “Squawk Box” to delve into the latest Bitcoin rally, examining the factors driving this surge, its implications for the broader cryptocurrency market, and the potential for a spot Ethereum ETF. The Drivers Behind Bitcoin’s Latest Rally Novogratz emphasized that the recent surge in Bitcoin’s price, which saw it surpass the $73,000 mark, is largely an adoption story, propelled by a shift in mindset towards broader acceptance of Bitcoin in the U.S. This acceptance, according to him, is reflected in political developments and an increasing interest from Baby Boomers…

Ethereum (ETH) has recently experienced notable volatility amid market price fluctuations. Despite this uncertain environment, Ethereum aims to maintain its price above the crucial $3,000 support zone. Part of the volatility can be attributed to increased whale activity involving ETH, as significant amounts of the token are being transferred to exchanges. For instance, Whale Alert data on April 20 indicated that 10,911 ETH, valued at approximately $33.52 million, was transferred to Coinbase. Such large movements to major exchanges like Coinbase raise concerns about sustained volatility in Ethereum’s price, especially considering the decentralized finance (DeFi) asset’s susceptibility to overall market bearish…

Ripple CTO David Schwartz has provided insight into the process of burning liquidity provider (LP) tokens in XRP Ledger (XRPL) automated market makers (AMM). Before delving further, it might be essential to understand the role of AMMs and LP tokens. Automated market makers (AMMs) are smart contracts that provide liquidity in XRP Ledger’s decentralized exchange. Those who deposit assets into an AMM are known as liquidity providers (LPs) and receive “LP tokens” from the AMM. An AMM holds two different assets: at most one of these can be XRP and one or both can be tokens. Each AMM allows users…

According to renowned ETF analyst Eric Balchunas, the future of Bitcoin ETFs looks remarkably promising, with all 10 currently existing funds anticipated to maintain their presence on the market over the next year. Balchunas confidently asserted that the resilience of these ETFs is indisputable, backed by data that showcases their robust performance. Even the lowest-performing ETF, WisdomTree’s BTCW, boasts a substantial $74 million in assets under management, securing its position among the top 15% of newly launched ETFs in 2024. The Bloomberg terminal data shared by Balchunas reveals that leading the pack are Grayscale’s GBTC, BlackRock’s IBIT and Fidelity’s FBTC,…

According to the crypto data tracker Whale Alert, an ancient Ethereum wallet that had been inactive for nearly nine years has awakened, stirring intrigue and speculation in the crypto community. Whale Alert reports: “A dormant pre-mine address containing 197 ETH worth $622,685 has just been activated after 8.7 years.” 💤 A dormant pre-mine address containing 197 #ETH (622,685 USD) has just been activated after 8.7 years!https://t.co/qNtUtWgGqK — Whale Alert (@whale_alert) April 21, 2024 This Ethereum holder’s story begins in the early days of Ethereum, during the pre-mine phase before the network’s official launch in 2015. At this point, ETH was…

After a week in which the Bitcoin price recovered after a slight decline but still remains below $70,000, there will be a number of token lock opening events in the new week that can deeply affect altcoins. Here is the altcoin token lock opening calendar that we have prepared specially for you as Bitcoinsistemi.com and which should be followed. (All times are indicated in Turkish time (UTC+3)) Sui (SUI) Market Value: $2.15 billion Amount of Tokens to Unlock: $72.88 million (2.86% of Market Cap) Date: April 8, 2024, 03:00 Ocean Protocol (OCEAN) Market Value: $663.30 million Amount of Tokens to…

I recently converted a Bitcoin seed phrase into a DNA sequence, just because I can. Using only the first four letters of the BIP39 seed words, a 12-word seed phrase can be stored in a mere 48 nucleotides of DNA. (For comparison, the average gene is several thousand nucleotides long, and the complete human genome contains over 3 billion nucleotides). Any genetics graduate student could, in just a few days, turn my seed word sequence into an actual strand of DNA and insert that DNA into E. coli or some other suitable host for storage (and propagation) inside a living…