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.

Top 10 Jasmy Holders in 2024

Jasmy is a cryptocurrency project that’s focused on leveraging blockchain technology in the IoT (internet of things) sector. The project’s stated goal is to enable democratization of data, allowing users to share and access data securely and under clearly defined rules. In this article, we’ll take a closer look at the Ethereum blockchain to find out the 10 biggest Jasmy holders. Wherever applicable, we’ll provide additional information about these top Jasmy coin holders. The top 10 Jasmy holders in 2024 Without further ado, let’s check out the top 10 Jasmy holders and learn a bit more about these Jasmy whales.…

AltcoinsMay 25

Uniswap Labs Urges SEC to Drop Pending Enforcement Action in Wells Response

Uniswap Labs moved Tuesday to quash a looming regulatory battle over Ethereum's dominant decentralized crypto exchange, imploring the Securities and Exchange Commission in legal filings that its planned lawsuit wasn't worth the fight. The company received a Wells notice – essentially a heads-up from the SEC notifying the recipient that the regulator believes it broke the law – in April. The notice accused the Uniswap protocol of being an unregistered securities exchange and the interface and wallet as being unregistered securities brokers. In their response to the SEC’s Wells notice, Uniswap Labs pushed back against this assertion, arguing that the…

LegalMay 25

Bear Market Blues Return as Analyst Predicts 30% Bitcoin Correction to $51K

The bull market euphoria appears to have come to a screeching halt as the crypto market correction continues and digital assets keep dumping. On April 16, prominent market analyst “Cold Blooded Shiller” told his 269,000 followers on X that Bitcoin is “still the cloud that hangs over crypto.” BTC has retreated 15% from its March 14 all-time high, but historical market cycles have seen corrections of more than 30%. This could potentially send BTC prices back to around $51,000, which could send the rest of the altcoins into an even deeper freefall. This is still the cloud that hangs over…

BitcoinMay 25

Can Ethereum Surge Beyond $4K Amid the Ongoing Rally?

Ethereum hit a two-month high of $3,841 yesterday. Technical analysis indicates resistance at $3,841, and support at $3,367. Ethereum, the second-largest cryptocurrency by market capitalization, experienced a significant surge of nearly 30% yesterday, surprising investors. This comes as Ethereum’s price movement has been relatively stagnant since the start of 2024, even as Bitcoin surged past $73,750.07. Yesterday, Ethereum hit a two-month high of $3,841. Currently, ETH is trading at $3,755.31, with a 3% increase, although its trading volume has decreased by 10%. The recent surge in Ethereum’s price is accompanied by the most bullish crowd sentiment since September, according to…

EthereumMay 25

Farallon Capital discloses $85 million in GBTC, Cetera discloses $22 million in GBTC

Farallon Capital Management, Cetera Investment Advisers, and BigSur Wealth Management have reported multi-million dollar investments in spot Bitcoin ETFs in the first quarter. Farallon Capital, a San Francisco-based hedge fund manager, disclosed an $85.2 million investment in Grayscale’s GBTC on May 24. Based on Fintel data, the company is among the 10 firms with the largest GBTC positions. Independent wealth hub Cetera Investment Advisers disclosed a $22.6 million investment in GBTC on May 24, placing it among the 25 firms with the largest GBTC positions. BigSur Wealth Management disclosed a $3.3 million investment in BlackRock’s IBIT on May 22, placing…

RegulationMay 25

Litecoin founder believes an LTC ETF will be approved

Litecoin founder Charlie Lee believes the US Security and Exchange Commission (SEC) will approve a Litecoin (LTC) exchange-traded fund (ETF). Lee shared his views during a recent interview with Bitcoin Bros, noting that its likely not if but when this happens. In his opinion, the LTC creator sees Litecoin as more similar to Bitcoin – which has multiple spot ETFs trading in the United States following a regulatory nod from the SEC early this year. Litecoin creator @Satoshilite optimistic about the prospect of a #Litecoin Exchange-Traded Fund (ETF)https://t.co/ArgUzfunO8 — Litecoin (@litecoin) April 30, 2024 According to Lee, Litecoin is a…

AltcoinsMay 25

The Biden Administration Is Easing Up on Crypto (a Vibes Analysis)

The Biden administration’s stance on crypto appears to be softening. I feel comfortable saying this, despite the yearslong “whole-of-government” onslaught against the industry, due to a few key advancements in recent weeks. Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here. First, and perhaps most significantly, Monday’s news that the U.S. Securities and…

LegalMay 25

Crypto.com CEO anticipates Bitcoin selling prior to halving

Bitcoin’s upcoming halving may trigger short-term selling, but Crypto.com CEO Kris Marszalek remains optimistic about its long-term impact on the market. Crypto.com CEO Kris Marszalek anticipates that the upcoming Bitcoin halving event may lead to short-term selling volatility, yet maintains optimism regarding its long-term implications, considering historical patterns in BTC price movements following similar network updates. In an interview with Bloomberg, Kris Marszalek highlighted the historical trend of price increases following halving events but acknowledged uncertainty due to Bitcoin’s recent record highs. In March, Bitcoin’s price set a new all-time high, soaring to $73,750 (CoinMarketCap data), which was the first…

BitcoinMay 25

Ethereum ETF Approval Talks Fuel Over 30% Weekly ETH Gain

Ethereum has experienced an alarming price surge, increasing by 30% since Monday, and is now nearing $4K for the first time in 70 days. Analysts attribute this rally to the SEC’s more favorable stance on spot Ether ETFs. This change in perspective has prompted market analysts to increase the likelihood of these ETFs being approved to 75%, driven by active discussions about speeding up 19b-4 filings. According to Nate Geraci, a notable commentator on cryptocurrency developments, the SEC is facing a decision deadline this week concerning spot Ether ETFs. SEC decision deadline this week on spot eth ETFs… SEC must…

EthereumMay 25

21 Giant Banks Predicted When and How Much the Fed Will Cut Interest Rates

Following the Fed's decision to keep interest rates steady, many major US banks revised their interest rate forecasts. Here's a summary of his latest predictions: Bank of America predicts that the first reduction will be made in December 2024 and a total reduction of 25 basis points (BPS) will be made throughout the year. Barclays and BNpp share similar views and estimate that the first reduction will be made in September and December, respectively, and a 25 basis point reduction will be made in 2024. Citigroup expects an earlier and larger reduction, estimating that the first reduction will be made…

RegulationMay 25