Author: NBTC

The most important stablecoin, Tether, has officially breached the symbolically important barrier of a $100 billion market capitalization. It’s now nearly four times the size of its next competitor, USDC, and much larger than historically important funds like the $65 billion Reserve Primary Fund, which infamously broke the buck during the financial crisis. Throughout Tether’s near-decade-long ascendancy, it’s grown and matured from a firm that promised that USDT was “always backed 1-to-1, by traditional currency held in our reserves” and “subject to frequent professional audits” to a firm that now holds billions in yield-generating reserves that have never been audited.…

The head of India’s markets regulator says instant settlements are required to compete with crypto. Investors are likely to move to crypto if traditional markets “cannot offer tokenization and instantaneous settlement,” SEBI’s Madhabi Puri Buch said. The chairperson of India’s markets regulator has warned that if regulated markets don’t offer instant settlement, investors will move to spaces like crypto. Settlement refers to the final step in payments and securities trade. Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (SEBI), announced plans to introduce faster settlements on Monday. India is planning to introduce a same-day settlement cycle…

Bloomberg ETF analysts Eric Balchunas and James Seyffart significantly lowered their estimates for the likelihood of Ethereum spot ETFs being approved by May. Balchunas lowered his forecast from 60-70% to 30%, while Seyffart became less optimistic as the deadline approached. Despite the declining odds, market maker GSR remains hopeful about approval. However, both JPMorgan and TD Cowen predict approval will not come in May. Balchunas said the following on the subject: “The probability of ETH ETFs being approved by the May deadline has dropped to 35%. We understand all the reasons why they should confirm and we personally believe they…

Core Foundation has announced a $5 million innovation fund to promote India’s Web3 communities. The move comes at a time when the country is fast emerging as a global hub for web3 innovation. Announced on Thursday, the fund aims to further India’s decentralized application ecosystem on Core Chain – EVM-compatible blockchain secured on Bitcoin. “The funds are sourced from a $200 million Core ecosystem fund,” Shivangi Pandey, India Ecosystem Lead at Core DAO, told Cryptonews.com. “We are seeking to invest in the India web3 ecosystem by supporting blockchain developers, builders & founders through our upcoming accelerator program and Hackathons, scheduled…

VeChain’s VET hits 1.1 million holders showcasing rapid growth. Positive indicators drive VeChain’s upward momentum. Past performance suggests a potential mid-June rally. Amidst VeChain‘s recent announcements, the enthusiasm around the project intensifies as its native asset, VET, exhibits strong bullish indicators. Analysts delve into predictions and optimistic outlooks for VeChain’s future. One avid VeChain supporter highlights a significant milestone, noting a rapid increase in holders. Within the last two months, VeChain attracted an additional 100,000 holders, reaching a remarkable total of 1.1 million. in the last 2 months #Vechain has added another 100K holder making that a total of 1.1…

Terraform Labs has been allowed to hire law firm Dentons by a U.S. court, Reuters reported on Wednesday. Terraform’s creditors, the SEC, and the U.S. Justice Department objected to Terraform hiring Dentons in February. A U.S. court has allowed Terraform Labs to hire law firm Dentons in a lawsuit brought against it and its co-founder Do Kwon by the U.S. Securities & Exchange Commission (SEC) in Jan. 2024. Last month, Terraform’s creditors, the SEC, and the U.S. Justice Department objected to Terraform hiring Dentons after it had filed for bankruptcy in the U.S. in Jan. 2024. Their primary concern was…

With the kickoff event ‘Bitcoin im Bundestag,’ Bitcoin has entered the political discourse in Germany. Roman Reher of Blocktrainer, the largest German-speaking Bitcoin YouTube channel, and Kristian Kläger, CEO and founder of terahash.energy GmbH, delivered two formidable introductory presentations in the German Parliament. Since German politicians still mainly associate Bitcoin with criminal activities, money laundering, and climate damage, the objective was to nurture a better understanding of the unique opportunities Bitcoin has to offer. Privacy was paramount to kickstarting the event. Given that Bitcoin remains a complicated subject in German politics, ensuring full privacy for attending MPs and their staff…

Ethereum’s price has been rallying rapidly over the last few weeks, breaking past several resistance levels. Yet, the price has reached a significant level that could hold the market for a while. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been steadily rising, making higher highs and lows. The market has left the 200-day moving average far behind, a behavior typically seen during crypto bull markets. Currently, the ETH price is trying to pierce through the $4,000 resistance level after failing to do so last week. If the breakout occurs, ETH will likely reach…

Indian cryptocurrency investment platform Mudrex is now offering U.S. spot-bitcoin exchange-traded funds (ETFs) to Indian investors. Mudrex will initially list four spot ETFs – BlackRock, Fidelity, Franklin Templeton and Vanguard. SEND STANDALONE HEAD WITH STORY, NOT BEFORE Indian cryptocurrency investment platform Mudrex plans to offer U.S. spot bitcoin (BTC) exchange-traded funds (ETFs) to institutional and retail investors in India, CEO and co-founder Edul Patel said. “This is much more valuable to institutions, as this was already available to retailers,” Patel said in an interview with CoinDesk. Retail clients in the country could access spot-bitcoin ETFs through U.S. stock investing companies,…

According to breaking information, Terra founder Do Kwon won the appeal against US extradition. The court canceled Do Kwon’s extradition to the United States. The Montenegrin Court of Appeals overturned the decision to extradite Do Kwon, the jailed co-founder of the Terra network, to the United States. The Court of Appeal said it overturned the extradition decision, stating that there were “serious violations of criminal procedure provisions” in the legal action that led to the extradition decision in February. As you may recall, last month, Do Kwon objected to the decision to send him to the United States to stand…