Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Independent financial advisors start disclosing Bitcoin exposure via ETFs

Two financial advisors disclosed investments in spot Bitcoin ETFs on April 9. Signal Advisors, a Michigan-based startup serving independent financial advisors, disclosed ownership of 20,571 BlackRock iShares Bitcoin Trust (IBIT) shares. Wedmont Private Capital, a Philadephia-based Registered Investment Advisor (RIA), disclosed ownership of 3,471 shares of Fidelity Bitcoin ETF (FBTC). Spot Bitcoin ETF shares comprise a small amount of each firm’s investments. Wedmont has over $1.3 billion in assets under management (AUM), while Signal’s AUM stands at roughly $403 million. The companies’ other holdings primarily consist of traditional exchange-traded funds (ETFs), stock investments, and other assets. Advisors begin stacking Bitcoin…

BitcoinJun 1

Industry leaders discuss digital asset ETF evolution

James Seyffart, Bloomberg’s ETF Research Analyst, discussed the integration, challenges, and future prospects of digital asset ETFs with experts and institutions at Consensus 2024. “Despite being 240 years old, we’ve continuously innovated, and digital assets are just part of that journey,” said Caroline Butler, Global Head of Digital Assets at BNY Mellon, emphasizing the importance of disciplined scalability in managing $47 trillion in assets. Institutional adoption emerged as a key theme. “It’s about providing the necessary research for advisors to make informed decisions,” stated Katherine Dowling, Executive Management at Bitwise Asset Management. Dowling noted the ongoing due diligence process and…

RegulationJun 1

Big Bullish Rebound Incoming for Shiba Inu (SHIB) in This Metric

Shiba Inu (SHIB) is in a fragile state as many of its key growth metrics are contrasting amid a broader bearish rebound on the market. At the time of writing, the price of Shiba Inu has dropped by 8.42% to $0.00002494. To contradict this bearish slip, there is an apparent boost in trading volume, which has soared by 12.24% to $841,624,957. Per data from Shibburn, a major boost might be coming for Shiba Inu’s deflationary feature as the burn rate is now relatively flat. At 0% growth, the meme coin saw 22,346,657 SHIB incinerated in 24 hours, setting the stage…

AltcoinsJun 1

Bitcoin Miners See 46.15% Revenue Drop in May, Lowest Since October 2023

After two consecutive months of record-breaking revenue, bitcoin miners experienced a significant downturn in earnings in May, a level not seen since October 2023. In April, miners generated $1.79 billion, whereas May’s figures show a considerably lower revenue of approximately $964.24 million. Sharp Decline in Bitcoin Miner Revenue in May Bitcoin miners generated 46.15% less revenue in May compared to April, according to the theblock.co data. Miners earned $964.24 million from block subsidies and fees in May. Onchain fees were $64.85 million in May, significantly lower than the $281.47 million accrued in April. This marked the lowest earnings since October…

MiningJun 1

Bitcoin Rebounds to $70K, Shrugging Off Hot U.S. Inflation Print

Bitcoin (BTC) climbed back to $70,000 Wednesday, reversing its knee-jerk dip following hotter-than-anticipated U.S. inflation data for March. BTC slipped nearly 4% to $67,500 during early U.S. hours after a government report showed the Consumer Price Index (CPI) rising faster than analyst expectations, prompting investors to temper their expectations for rate cuts this year. The dip echoed through multiple asset classes, but bitcoin gradually erased all its losses, and was up over 1% over the past 24 hours, outperforming U.S. equities and gold, both of which finished with sizable declines for the day. At press time, bitcoin had slipped a…

BitcoinJun 1

Hong Kong Government Embraces Financial Innovation Amidst Focus on Stability!

Key Points: Hong Kong reaffirms commitment to promoting financial innovation, citing key areas like fintech, green finance, and Web3-related DeFi. Officials highlight significant sectors, including virtual assets, with emphasis on stability measures to manage financial risks effectively. Hong Kong’s proactive approach underscores its aim to maintain competitiveness as a leading international financial center while embracing emerging trends. Hong Kong government officials reaffirmed their commitment to fostering financial innovation while simultaneously prioritizing stability and risk management. The statement underscores Hong Kong’s determination to remain a global financial hub by embracing emerging trends and technologies in the financial sector. Hong Kong will…

RegulationJun 1

BREAKING! CBRT Announced its April Interest Rate Decision!

CBRT announced its interest rate decision for April 2024. CBRT Monetary Policy Committee left interest rates constant in April. The expectation was that the policy rate would be kept constant at 50% in April. What Was the Dollar's Reaction to the Interest Rate Decision? After the CBRT decision, the dollar is traded at 32.52 TL. CBRT's statement regarding the latest interest rate decision is as follows: “The Monetary Policy Committee (Board) decided to keep the one-week repo auction interest rate, which is the policy rate, constant at 50 percent. The main trend of monthly inflation in March was higher than…

AltcoinsJun 1

Bitcoin Whales Are Hungrier Than Ever for BTC—Here’s Why

That means that the investors holding the most Bitcoin (BTC) want even more of the orange coin than ever before. Bitcoin whales are investors who hoard huge amounts of Bitcoin (at least 1,000 BTC, or at least $69 million at today’s price) and don’t touch it for years. Such investors make large gains as a result—although whales are more likely to be companies and institutional holders rather than individuals. “Currently, demand growth from this cohort of investors is at the highest ever,” said CryptoQuant, adding that demand growth from large investors has led to price rises in the past. CryptoQuant…

BitcoinJun 1

Crypto 're-staking' platforms boom as traders chase bigger returns

LONDON, May 31 (Reuters) - More than $18 billion worth of cryptocurrency has moved into a new type of platform which offers investors rewards in exchange for locking up their tokens, in a complex scheme that analysts warn poses a risk for users and the crypto market. The soaring popularity of so-called "re-staking" is the latest sign of risk-taking in crypto markets as prices rally and traders hunt for yield. Bitcoin , the biggest cryptocurrency, is near all-time highs while ether , the second biggest, is up more than 60% this year. At the heart of the re-staking boom is…

RegulationJun 1

REZ tokenomics statement on Binance depegs Renzo's ezETH 18.3%

The fall of the Renzo restaking token was within minutes before its ultimate recovery, and it trades below ether as of now. This trend is probably due to the user’s intention to exit ezETH after getting an idea about Renzo restaking token’s totally confusing distribution plan. Some crypto experts point out that the fall of ezETH is around $700, and the token entered its recovery phase after the depeg. The ezETH token dropped 5.6% within the past twenty-four hours to trade hands at 12:40 PM Eastern Standard Time. ezETH is a LRT (Liquid Restaking Token) from Renzo, the liquid restaking…

AltcoinsJun 1