Author: NBTC

Crypto asset management Hashdex announced on Tuesday that it launched its Bitcoin ETF on the New York Stock Exchange, making it the eleventh Bitcoin ETF to go live since the SEC approved the bulk of fund applications in January. Hashdex’s entry originally launched in September 2022 as a Bitcoin Futures ETF trading on the New York Stock Exchange as DEFI. The Switzerland-based firm said it has converted that product to a spot Bitcoin ETF to offer investors more immediate exposure to the number one cryptocurrency. Unlike other spot Bitcoin ETFs, however, Hashdex launched its product within the Chicago Mercantile Exchange…

Index Coop, a decentralized platform that develops easy-to-use tokens, has recently announced the launch of the High Yield ETH Index. The platform took to its official X account to disclose that the company has posted the pre-sale for hyETH on its forum. It brought to the front that the firm intends to provide benefits to the initial pre-sale depositors. For this, it will utilize PRTs and will offer a revenue share to the depositors. A High Yield ETH Index is coming 📢Launch the High Yield ETH Index (hyETH) Pre-sale has been posted on our forum🗳️hyETH will be the first to…

Crypto-focused hedge fund Multicoin Capital has delivered extraordinary returns to its investors, exceeding 9,000% since its launch in 2017. In its annual investor letter, the fund revealed that after experiencing significant losses in 2022 that nearly wiped out its value, Multicoin Capital’s fortunes have dramatically turned around. According to the investor letter, dated February 16, the Multicoin Capital Master Fund has recorded a staggering return of 9,281% since its inception on October 1, 2017. Multicoin Capital’s Gains Surge Amid Market Rebound The performance is primarily attributed to the resurgence of the cryptocurrency market, with the fund generating a remarkable 537%…

Arbitrum (ARB) has entered a sharp correction following a recent token unlock, which released 1.1 billion ARB tokens worth over $2 billion. According to data from CoinGecko, ARB is trading at around $1.6, down 20% in the last seven days and 30% lower than its record high of nearly $2.4 in January. Despite the price correction, on-chain insights suggest Arbitrum whales press on with ARB purchases. According to data from Santiment, transactions worth over $1 million surged on March 16, the day of the ARB token unlock. While this might suggest selling pressure, wallets holding between 100,000 and 100 million…

Stuart Alderoty, Ripple’s chief legal officer, believes that Coinbase’s legal battle with the US Securities and Exchange Commission (SEC) is far from being over. “A quick knockout punch would have been nice, but at the end of the day, the wheels of justice move slowly, eventually siding with the good guys,” Alderoty wrote on the X social media profile. Alderoty has added that the court merely gave the regulator “the benefit of doubt” at such an early stage. As reported by U.Today, Coinbase’s motion to dismiss the SEC’s lawsuit has failed. Paul Grewal, Coinbase’s top attorney, remains defiant, claiming that…

KuCoin and its founders were recently charged with major violations of money laundering. Things were expected to take a downturn since then, despite the assurance from the team that nothing would change. Now, two sides have come to the surface. One pertains to Bitcoin, and the other pertains to Ether plus stablecoins. Bitcoin remains stable on the network, but ETH and stablecoins are not in the same position. Bitcoin reserves on the network have grown by 4%, adding 250 BTC to the ecosystem. Reserves for ETH and stablecoins are down by 17% and 21%, respectively. This reflects a rough withdrawal…

In a recent statement, Bitwise Chief Investment Officer Matt Hougan offered his perspective on the current state of Bitcoin and the overall cryptocurrency market. Amid the recent volatility, with the Bitcoin price fluctuating between $60,000 and $70,000, Hougan told investors to remain calm and maintain a long-term perspective. Hougan states that Bitcoin is currently in a short-term hold. The market is expecting several key events around April 20, such as the Bitcoin halving, the potential approval of Bitcoin ETFs on national client platforms such as Morgan Stanley or Wells Fargo, and the completion of due diligence on Bitcoin by various…

ConsenSys, the parent company of the popular crypto wallet MetaMask, is making a strong case for a spot Ethereum ETF (Exchange Traded Fund) in a recent comment letter submitted to the Securities and Exchange Commission (SEC). The letter argues that Ethereum’s security model makes it a more suitable candidate for an ETF than Bitcoin. The SEC has been cautious about approving cryptocurrency ETFs, citing potential fraud and manipulation concerns. However, ConsenSys believes that Ethereum’s Proof-of-Stake (PoS) consensus mechanism offers significant security advantages over Bitcoin’s Proof-of-Work (PoW) system. Why Ethereum? Proof-of-Stake to the Rescue Unlike Proof-of-Work, which relies on miners solving…

On Friday, the Avalanche-based options protocol, Arrow Markets, unveiled its successful $4 million Series A fundraising initiative. The global project aiming to “revolutionize crypto options trading” garners support from prominent backers including Framework Ventures, Delphi Ventures, and the Avalanche Blizzard ecosystem fund. Crypto Options Platform Arrow Markets Bags $4M in Funding Arrow Markets, an options trading platform engineered on the Avalanche blockchain, successfully secured $4 million during its Series A funding, as revealed in a dispatch to Bitcoin.com News. At its core, Arrow Markets leverages a Request-for-Execution (RFE) mechanism, designed to offer quotes for option contracts within Avalanche’s C-chain. The…

General Updates ITEM Systems is installing a new non-fungible item plaque at a mural located in Santos, Brazil. Similar to those installed at DENVER WALLS, the NFI plaque will offer tap-and-scan functionality for mural visitors to learn more about the artwork, its artists, and the piece’s cultural significance to the region. Three GrantShares proposals have seen recent activity. The NDEX platform for NEP-17 token creation and distribution put forth its first of two milestone proposals for discussion. The NEO.coupons proposal to create coupons backed by NEP-17 tokens was rejected with two votes of support, three in opposition, and one abstain.…