Making sense of crypto.
NBTCNEWS
Home»Author: NBTC(Page 8056)

Author: 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.

U.S. House's Emmer Says Best Hope For Crypto Legislation Is Year-End Session

One of the top members of the U.S. House of Representatives predicted that the best remaining chance for major crypto legislation this year is in a tight window at the end of the congressional session. Republican Emmer noted the major recent support from Democrats in Congress for crypto measures, but he suggested the U.S. Senate probably has significant work to do. Despite the crypto industry's high-profile recent wins in Congress, major legislation faces a massive practical roadblock in the Senate, U.S. Rep. Tom Emmer (R-Minn.) acknowledged Wednesday, saying that chamber will want its own say in a big crypto bill,…

Legal

BTC Traders on Edge as Mixed Signals Keep Market Guessing

As of April 12, 2024, bitcoin’s price exhibits resilience, trading at $70,748, with oscillators showing mixed signals while moving averages firmly suggest a bullish trend heading into the weekend. Bitcoin The relative strength index (RSI) on the daily scale sits at a neutral 56, indicating neither overbought nor oversold conditions, suggesting that BTC has room to maneuver in either direction without immediate pressure from traders. Meanwhile, other oscillators like the Stochastic and commodity channel index (CCI) present neutral to mildly bullish signals, pointing to potential upward momentum without significant overextension. On the other hand, the moving average convergence divergence (MACD)…

Bitcoin

NodeMonkes leads NFT sales for second time this week

NodeMonkes, the top Bitcoin collection, led CryptoSlam’s non-fungible tokens (NFT) daily sales board on Wednesday with US$935,770 in sales. This is the second time this week that NodeMonkes topped CryptoSlam’s sales chart. The sales spike has propelled NodeMonkes’ cumulative sales volume to US$229.06 million, placing it in the 26th spot on the all-time sales chart. It recently overtook the Avalanche-based Crabada. The second-highest performing collection of the day was Guild of Guardians Avatars on the Immutable with daily sales reaching US$693,704, climbing from the third spot the day before. Coming in third, DMarket on the Mythos chain recorded a daily…

NFT

What it means and what comes next

Spot ether ETFs are not launching today — and they might not hit the market any time soon. But Thursday marked a win for crypto fund issuers, particularly considering how many expected the Securities and Exchange Commission to rule against such products just a week ago. In case your internet has been down for the last 16 or so hours, the SEC approved rule changes submitted by the stock exchanges on which ether ETFs would list. Fund groups now with a path to approval include VanEck, BlackRock, Fidelity, Grayscale, Bitwise, Ark Invest, Franklin Templeton and Invesco. Some industry watchers also…

Ethereum

USDC Issuer Circle Announces Entry into Brazil's Fintech Sector

Circle, a global financial technology firm and issuer of the regulated stablecoin USDC, has disclosed its official entry into the Brazilian market. This strategic manoeuvre aims to offer USD-backed digital currency and infrastructure to a region known for its burgeoning fintech landscape. Collaborating with key local enterprises like BTG Pactual and Nubank, Circle intends to introduce digital asset products facilitating swift, cost-effective, and round-the-clock access to USDC. This expansion coincides with a period of considerable fintech adoption, propelled by forward-looking policies such as the 2020 launch of the instant payment platform Pix, which boasts a user base exceeding 160 million.…

Regulation

Convicted FTX Exec Ryan Salame Says He'll Soon 'Share What Really Happened'

Less than a day after receiving a seven-and-a-half year prison sentence for his role in crypto exchange FTX’s historic 2022 collapse, Ryan Salame—a former lieutenant to Sam Bankman-Fried—followed in his ex-boss’ footsteps by blasting personal thoughts on the highly sensitive matter across Twitter. “Sucks that if I had just sold off my pile of crypto like I was going to, instead of listening to multiple lawyers and borrowing from Alameda against it instead, I likely wouldn't be going to prison for seven and [a] half years,” the former co-CEO of FTX’s Bahamas subsidiary wrote Wednesday morning. Within hours of receiving…

Legal

Ripple’s institutional DeFi could unlock Bitcoin ETF collateral value: Ripple CTO

During Consensus 2024, Ripple’s Chief Technology Officer David Schwartz discussed the untapped potential of DeFi on the XRP Ledger (XRPL) for institutional use. Schwartz pointed out the current limitations faced by Bitcoin ETF holders when seeking loans, with brokers valuing these assets at zero due to volatility concerns. “You know how much brokers value bitcoin ETF holdings for collateral on loans? Zero,” Schwartz stated. Schwartz explained that brokers, such as Charles Schwab, are hesitant to accept Bitcoin ETFs as collateral due to the potential volatility and risk associated with these assets. “Imagine you’re a broker and you have a lot…

DeFi

JPMorgan Talks About The Approved Ethereum Spot ETFs And The Future Of Cryptocurrencies

JPMorgan predicts that trading of the recently approved spot Ethereum ETFs will begin much earlier than November. The company views the approval of these ETFs and the overall cryptocurrency market as increasingly political issues, especially ahead of the 2024 US presidential election. “We expect trading of the Spot ETH ETF to begin before November,” a team of JPMorgan analysts led by Kenneth Worthington said in a report published today. On Thursday, the U.S. Securities and Exchange Commission (SEC) approved forms 19b-4 of eight spot Ethereum ETF applications. These include Grayscale, Bitwise, BlackRock, VanEck, Ark 21Shares, Invesco, Fidelity and Franklin. All…

Ethereum

Crypto trader turns $800 into $657,000 in 5 hours

With the continuous growth and evolution of the cryptocurrency industry, it has proven to be a profitable environment to be a part of, as one crypto trader recently witnessed, turning a mere $800 investment into a mind-blowing $657,000 in just a few hours. Specifically, this particular investor sold 5.14 Solana (SOL) tokens worth $861, with which they purchased 86.55 million of Mother Iggy (MOTHER) or 8.66% of its total supply, then sold 80.41 million MOTHER for 3,035.5 SOL ($509,000), according to the observations by Lookonchain in an X post on May 29. Furthermore, the blockchain analyst pointed out that the…

Regulation

Shiba Inu (SHIB) Tops Robinhood's Rankings

Popular meme cryptocurrency Shiba Inu (SHB) has managed to top this week's rankings published by prominent brokerage platform Robinhood. The prominent meme coin is up 11% over the past week, significantly outperforming other major coins that are available on the platform. Litecoin (LTC) comes in second place with an 8% price spike. Chainlink (LINK) is also in the top 3 after adding 6.1%. Aave (AAVE) and Ethereum Classic (ETC) have made it to the top 5 after adding 4.8% and 3.5% over the past week, respectively. cardTezos (XTZ), Uniswap (UNI), Ethereum (ETH), Stellar (XLM), and Compound (COMP) have also appeared…

Altcoins