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.

WienerAI ICO raises over $350k – next meme coin to explode?

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. One of the hottest meme coin presales to set tongues wagging right now is the WienerAI ICO. In little more than 5 days, more than $350,000 has been invested into this new project. So why all the hype? Let’s find out. WienerAI is a dog-themed meme token that is set to take the world by storm. Due to its artificial intelligence infrastructure, WienerAI has been built in order to facilitate any potential upgrades in the future making the coin…

AltcoinsMay 30

NYSE Would Consider Crypto Trading If Regulatory Picture Were Clearer, President Says at Consensus 2024

NYSE President Lynn Martin is open to offering crypto trading, but the lack of clear regulatory guidance is an obstacle, she says. U.S. regulatory environment will improve in the next couple years regardless of the election outcome, Tom Farley, the CEO of Bullish and Martin's predecessor at NYSE, predicted. AUSTIN, TX — The New York Stock Exchange would consider offering cryptocurrency trading if the regulatory status of such an expansion by the stock market giant was clearer, the company's president said. "If there was clear regulatory guidance [in the U.S.], it would be an opportunity to look at," Lynn Martin…

LegalMay 30

Bitcoin Consolidates at All-Time Highs, Momentum Reignites: ARK Invest Report

Bitcoin (BTC) has yet again demonstrated its resilience and potential for significant gains. This is according to ARK Invest’s latest report, “The Bitcoin Monthly,” covering the events of March 2024. BTC’s price reached a new all-time high (ATH) of $73,737 in March, marking an approximately 18.5% gain from the start of the month. The price level also represents a nearly 75% surge during Q1 2024. However, after achieving this ATH, BTC entered a period of consolidation. Bitcoin Market Remains Bullish Despite Profit-Taking ARK Invest’s analysis highlights that the market sentiment remains robust despite significant profit-taking by long-term holders. This trend…

BitcoinMay 30

Ethereum spot ETF approval is here – Everything you need to know

Spot Ethereum ETFs have finally received the greenlight after a period of uncertainty. Thursday’s approval not only marked a milestone for Ethereum but also a positive development in the US regulatory approach to crypto. This article will provide more insights into the recent approval, its potential motivation, and implications for the industry. An overview of spot Ethereum ETF approval On May 23, the US Securities and Exchange Commission (SEC) approved the 19b-4 forms associated with eight spot Ethereum ETFs. These include Blackrock’s iShares Ethereum Trust, VanEck Ethereum Trust, Fidelity Ethereum Fund, ARK 21Shares Ethereum ETF, Franklin Ethereum ETF, Bitwise Ethereum…

EthereumMay 30

Aquarius Fund Invests in Pencils Protocol to Enhance Crypto Liquidity and Staking

Aquarius Fund has invested in Pencils Protocol. This is a good news for both businesses and the crypto industry as a whole. Known as a venture capital and liquid fund, Aquarius has been leading in on-chain liquidity management and market support from 2018. 👏We are thrilled to announce that @Aquarius_Fund has invested in Pencils Protocol! 🤝Together, Pencils Protocol will work closely with Aquarius on institutional staking and liquidity. 🔥Aquarius recently launched a multi-strategy liquidity fund, managing assets worth $600… pic.twitter.com/9RC2NCKX8D — Pencils Protocol (PenPad) (@pencilsprotocol) May 29, 2024 Pencils Protocol Gains from Aquarius’s $600M Liquidity Fund This partnership looks bright…

RegulationMay 30

Solana cat coin PAJAMAS soars over 500% in one week

Cat-themed token PAJAMAS soared over 500% over the past seven days and shows the largest growth of Solana-based meme coins of this period, shows data aggregator CoinGecko. The token is inspired by the cat of the same name which starred in the first cat video on YouTube, and is also the pet of Steve Chen, one of the video platform co-founders. PAJAMAS price over the last seven days. Image: CoinGecko The sharp price increase started between April 21 and 22, when Chen took the role of team member of the meme coin. On April 22, Canadian crypto services provider BitNational…

AltcoinsMay 30

U.S. Lawmaker at Center of Crypto Negotiation Predicts Digital Assets Law by Next Year

Patrick McHenry, the retiring chairman of the House Financial Services Committee, said he's confident that his crypto legacy will become permanent policy by 2025. The so-called FIT21 crypto bill is now a "consensus product" of the House and can't be ignored, he said. Rep. Patrick McHenry (R-N.C.) vowed the crypto industry won't have long to wait to get U.S. regulations, now that the U.S. House of Representatives has shown the way. "We will have crypto law within the next year, and I can say that with certainty," McHenry, the chairman of the House Financial Services Committee told an audience Wednesday…

LegalMay 30

Buy signal for Bitcoin as indicator hints $80,000-plus soon

Bitcoin (BTC) is currently maintaining its position above $70,000 as the market anticipates how the maiden cryptocurrency’s price will evolve ahead of the upcoming halving event. With the event often associated with bullish sentiment, Bitcoin will need to surpass its previous record high of over $73,000 to reach new heights. In this case, a crypto analyst by the pseudonym El_crypto_prof has underscored Bitcoin’s potential to achieve a new record high, suggesting that it could surge to $80,000 in the near future. Through an X (formerly Twitter) post on April 12, the analyst highlighted a key metric known as the Mayer…

BitcoinMay 30

Spot ETH ETFs could see 25% of the demand of BTC counterpart – Bloomberg analysts

Bloomberg ETF analyst James Seyffart believes that spot Ethereum ETFs could see 20% to 25% of the demand experienced by spot Bitcoin ETFs. Seyffart expressed his stance in an interview hosted by Bitwise, adding that his fellow Bloomberg ETF analyst, Eric Balchunas, believes the new funds will see 15% to 20% of the demand. Seyffart compared both estimates to the fact that ETH has approximately 30% of Bitcoin’s $1.4 trillion market cap, calling his estimate a “discount” in that regard. He attributed the difference to certain limitations of each product. ETH ETF issuers will not engage in staking, meaning that,…

EthereumMay 30

Gemini Announces Full Recovery of Earn Users' Digital Assets

The settlement with Genesis means users will get 100% of their funds returned Gemini co-founder Tyler Winklevoss calls Gemini "financial fraud" in a press release. Gemini announced Wednesday that its Gemini Earn users have received all their digital assets back in-kind. This means, for instance, that if a customer lent one bitcoin to the Earn program, they will receive one bitcoin back, the company said in a release. Gemini said Earn users have received $2.18 billion of their digital assets back in-kind. This represents a 232% recovery from when Genesis, Gemini's Earn partner, halted withdrawals, causing Gemini to pause withdrawals…

RegulationMay 30