Author: NBTC

Several applications have been submitted for Ethereum exchange-traded funds with the U.S. Securities Exchange Commission (SEC) and the decision for approving or denying the products has been pushed back which is in line with analyst expectations. Unsurprisingly, on Monday, the SEC delayed a decision to approve the BlackRock spot Ethereum ETF. The SEC now has until May 23 to approve or reject VanEck’s ETF application for an Ethereum ETF tracking the world’s second-largest cryptocurrency. In January, the SEC approved almost a dozen Bitcoin spot ETFs which has caused a trading frenzy as demand for the products continues to accelerate. One…

The European Central Bank last week sent out five calls for applications looking for providers to build out services around a potential digital euro. More than half of the $1.3 billion contract budget is earmarked for offline payments development. The European Central Bank (ECB) is offering a big chunk of cash to contractors who can enable offline payments for a retail digital euro. In calls to find providers for a range of features, including risk management, information security and a user application, the ECB revealed plans to allocate as much as 1.2 billion euros ($1.3 billion) to potential contractors. More…

In a significant gust of developments, Gemini, a renowned cryptocurrency exchange, recently announced plans to list the MATIC/GUSD perpetual contract on its non-U.S. crypto derivatives platform, nabbing significant attention globally. With this, the exchange advances further with its venture cryptographic venture, facilitating seamless crypto derivatives trading to users globally, except in the U.S., U.K., and European Union. Meanwhile, noteworthy whale activity hovering over the crypto horizon showcased soaring MATIC accumulations, piquing crypto traders’ and investors’ interest globally. While, MATIC’s price chart illustrated phenomenal gains, birthing additional inferences for the burgeoning whale accumulations. MATIC Whale Activity: In-Depth Report According to the…

The flagship crypto token, Bitcoin, finally hit a new all-time high (ATH) on March 5 but quickly dipped by over 10% after this price surge. As explained by this market analyst, this sharp correction was to be expected and could become a norm heading into the bull market. “Bull Markets Are Not Straight Lines Up” Alex Thorn, Head of Research at Galaxy Digital, noted in an X (formerly Twitter) post that the market doesn’t move to the upside unfettered, even in a bull market, and corrections are to be expected. He alluded to the 2021 bull run, where Bitcoin experienced…

The volume of Bitcoin addresses in profit has increased significantly and is currently around 90%. Bitcoin Addresses Keeps Growing Amongst several cryptocurrencies, BTC has successfully stood out as its total addresses within its network that are profitable now surpasses the 90% threshold. Precisely, Bitcoin’s profitability now places a total of 46.67 million addresses in the money, per the profitability designation by crypto analytics platform IntoTheBlock. On the other hand, there are 3.81 million addresses out of the money representing 7.35% of the total addresses. Similarly, 1.35 million addresses (2.60%) are at the money or break-even point. Some recent events including…

Ethereum has been on an explosive trajectory on the market, and a recent transaction from Vitalik Buterin’s wallet has caught our attention. PeckShieldAlert reports that the wallet labeled as Vitalik.eth has transferred 30 ETH to Railgun and then swapped approximately 27.63 ETH for 100,000 USDC, subsequently bridging these to the Base layer. It is important to note that Buterin has clarified in the past that transactions from his wallet do not necessarily equate to personal movements of funds. These transfers can often be related to redistributing funds across different platforms or for charitable causes. Hence, while it is intriguing to…

Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission. It’s a historic moment for the cryptocurrency market as the US Securities and Exchange Commission (SEC) finally approved eleven spot Bitcoin ETFs. Crypto enthusiasts around the world are looking on excitedly. Unfortunately, a similar product for UK investors is highly unlikely to be approved, according to one financial advisor. This latest approval in the US for the first-ever…

Cardano (ADA) enthusiasts are rejoicing as the cryptocurrency witnessed an astonishing surge in price over the past 24 hours, adding a staggering $2 billion to its market value. The cryptocurrency market was taken by storm as ADA soared by over 12%, propelling its market cap to a whopping $18.88 billion. The surge in price was accompanied by a remarkable surge in trading volume, which skyrocketed by an impressive 62% within the same period. This surge in trading activity has firmly established Cardano as one of the market leaders among the largest cryptocurrencies in terms of returns over the past day,…

As the US Federal Reserve’s Bank Term Funding Program (BTFP) approaches its conclusion on March 11, 2024, the Bitcoin and crypto market stands at a critical juncture. Instituted in March 2023 in the aftermath of the sudden collapses of Signature Bank and Silicon Valley Bank, the largest since the 2008 financial crisis, the BTFP has been a lifeline for US banks, offering loans against high-quality collateral to ensure liquidity in turbulent times. The BTFP’s Closure And Its Implications For Bitcoin The BTFP’s conclusion could send ripples through the financial sector, affecting banks’ liquidity and possibly leading to tighter lending practices.…

Astar Network presents zkEVM, a Layer 2 rollup enhanced with ZK that was developed utilizing Polygon CDK and an initial chain that was integrated with the AggLayer. At this time, Astar is expected to demonstrate conventional interoperability with Polygon zkEVM and any future blockchains that are linked to the AggLayer. This will facilitate smooth transactions across chains. Astar zkEVM was established in collaboration with Gelato, a provider of blockchain frameworks. It facilitates developing and deploying high-level blockchains for projects by employing the Polygon CDK. It maintains its status as the preeminent network in Japan for business, entertainment, and gaming initiatives.…