Author: NBTC

Industry experts predict a clear path to approval of spot Ethereum ETFs in 2024, with some even predicting trading will begin as early as the second quarter. Spot Ethereum ETFs Ready for Approval in 2024, Analysts Predict Following the approval of 11 spot Bitcoin ETFs on January 10, the focus has now shifted to spot Ethereum ETFs. Many major players, including BlackRock, VanEck, ARK 21Shares, Fidelity, Invesco Galaxy, Grayscale and Hashdex, have filed for spot Ethereum ETFs with the US Securities and Exchange Commission (SEC). Following the approvals, Ethereum’s price rose nearly 3%, rising above $2,500 for the first time…

Bitcoin (BTC) experienced a slight recovery today and its price rose above $43,000. This revival is attributed to the potential pause in interest rate increases by the FED, which is scheduled to meet at the end of January. The FED’s meeting, which will take place in just 15 days, will determine the future direction of the US Federal Reserve’s monetary policy. According to the CME FedWatch tool, current forecasts show a 97.4% chance that the Fed borrowing rate will remain steady within its current target range of 5.25%-5.50%. Analysts from Bitfinex have suggested that a pause in interest rate hikes…

With the recovery in the broader crypto ecosystem, XRP is sailing the tides to new coasts. The cryptocurrency activated its rebound mode after soaring as high as 3.4% in the past 24 hours to $0.522. Over the trailing seven-day period, XRP has jumped by more than 7%, according to data from CoinMarketCap. This recovery means a lot for XRP bulls and its broader community of HODLers as the need to recover lost ground remains the key pursuit. Over the past six months, XRP has traded far below its core rivals. The price of the asset has dropped by 17.07% over…

Bitcoin’s price topped $49,000 Monday after strong spot bitcoin ETF inflows late last week. Bitcoin ETFs gained net $1.1 billion fresh funds amid slowing GBTC outflows. Bitcoin (BTC) topped $49,000 Monday supported by last week’s strong exchange-traded fund (ETF) inflows and signs of institutional accumulation. The largest crypto was hovering around $48,000 earlier during the day before experiencing a sudden spike to $49,100 in the beginning of the U.S. trading session. At press time, BTC was changing hands slightly above $48,900, up nearly 2% over the past 24 hours and outperforming the broad-market CoinDesk 20 Index’s (CD20) minor, 0.2% decline.…

The approval of spot bitcoin ETFs has sparked optimism among ether traders, who are hoping for a spot ether product as well. BlackRock has already filed a prospectus for its iShares Ethereum Trust, a spot ether exchange-traded fund, with the SEC. The potential approval of an ether ETF could increase investment and interest in Ethereum-based projects and layer 2 networks, leading to more innovation and growth within the ecosystem. The historic U.S. approval of spot bitcoin (BTC) exchange-traded funds (ETF) on Wednesday has buoyed ether (ETH) traders, who are betting the token that powers the Ethereum network could be next…

Core Scientific, a blockchain infrastructure and hosting provider, is getting set to exit bankruptcy after a Texas court approved its reorganization plan on Tuesday. The latest decision by the US Bankruptcy Court for the Southern District of Texas gives the firm a path to emerge from Chapter 11 bankruptcy and re-list its shares on the Nasdaq later this month, a spokesperson told Blockworks in an email. Core Scientific filed for bankruptcy in December 2022 after it had trouble generating enough revenue to cover debt obligations. The firm was among the companies in the sector that took out high-interest loans to…

BERN, Switzerland — Tezos, a blockchain platform known for its self-upgrade capabilities and community-driven governance, has successfully implemented the Oxford 2 upgrade, marking its fifteenth core protocol upgrade. —This latest upgrade brings several significant improvements, including the introduction of private Smart Rollups, enhancements to staking processes for validators (bakers), adjustments to slashing penalties, and the re-enabling of Timelocks in Tezos smart contracts.Key Features of the Oxford 2 Upgrade:Private Smart Rollups: Enables developers to define a whitelist for data visibility, catering to specific privacy needs.Smoother Staking UX: Introduces auto-staking for Tezos bakers, simplifying fund management.Timelocks Re-enabled: Enhances security by reactivating Timelocks…

Cryptocurrency trader Bob Loukas has published a tweet that reveals why Bitcoin is “still early.” As Super Bowl LVIII is in full swing now and everybody is watching it, the aforementioned trader noted the complete absence of any advertisements of Bitcoin or any other crypto. He believes this is another reason to think that Bitcoin and crypto adoption and awareness are still in an early stage. However, the “disaster” was unexpectedly saved by Twitter founder and former chief executive Jack Dorsey. Being a Bitcoin maximalist, he attended the Super Bowl wearing a “Satoshi” T-shirt. Photos of him watching a game…

While Spot Bitcoin ETF approval does not increase the BTC price, altcoins, especially Ethereum, are experiencing good increases. While Ethereum surpassed $2,600 with its rise, this rise is also supported by whales. According to Lookonchain’s post, giant whales continue to accumulate ETH aggressively. Accordingly, a whale who has been accumulating ETH since September purchased 5,762 ETH (worth $15.06 million) from Binance again. Another whale, who has been accumulating ETH since January 2023, bought 2,800 ETH (worth $ 7.29 million) from Binance. “Giant whales continue to accumulate ETH! 0xAA15 withdrew 5,762 ETH (worth $15.06 million) from Binance again 2 hours ago.…

Hedge fund billionaire Bill Ackman, the head of Pershing Square Capital Management, has recently revealed he expects the Federal Reserve to start cutting interest rates at a greater-than-expected rate this year, with the first cut coming sooner than the market is anticipating. Ackman highlighted this during a CNBC “Squawk Box” interview, noting the significant cooling of inflation and the currently high real cost of Money, which make him believe central banks are “going to have to move early” and could “do more than three [interest rate] cuts.” These three interest rate cuts would represent 75 basis points, off of 5.25%…