Author: NBTC

Not every country is open to allowing the trading of spot Bitcoin exchange-traded funds, even ones that have been labeled as “crypto-friendly.” Thailand is not ready to allow the trading of such products yet, according to financial regulators. On January 17, the Bangkok Post reported that the Thai Securities and Exchange Commission said it does not plan to allow asset management firms to launch spot Bitcoin ETFs. No Bitcoin ETFs for Thailand The move comes less than a week after the landmark launch of spot Bitcoin ETFs in the United States. The approval prompted Thai securities brokerage firms to encourage…

A post-mortem report on this week’s Solana network outage pointed the finger at a previously known bug. The network was unusable for five hours Tuesday. Validators — a key infrastructure layer of Solana, responsible for running the software that adds and verifies transactions to the blockchain — later restarted the network before 10 am ET. The post-mortem, penned by Anza, concluded that an infinite loop as a result of a bug caused the validators to stall on a certain block. An infinite loop leads to validators endlessly repeating an action, and with validators put out of action, that prevents the…

A notable analyst has pinpointed a critical juncture for shorting the Bitcoin market, signaling a potential downturn for the world’s leading cryptocurrency. Bitcoin has recently engineered praiseworthy trajectories, climbing to a height of $48,600. However, the asset struggles to maintain the $48K range, having crashed to as low as $47,770 in the last 24 hours. Consequently, the analyst from the Cheeky Crypto YouTube channel weighed in on the current state of the Bitcoin market, hinting at the possibility of impending breakouts. Specifically, the analyst outlined the critical thresholds for bullish and bearish scenarios, noting concerns about a rising wedge pattern.…

Ethereum price climbed higher above the $2,600 resistance. ETH outpaced Bitcoin and is holding gains above the $2,580 support zone. Ethereum extended its increase above the $2,650 resistance zone. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,590 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a downside correction if there is a move below the $2,580 support. Ethereum Price Eyes More Upsides Ethereum price remained in a positive zone above the $2,500 resistance. ETH even outpaced BTC and…

Bitcoin’s share in international transactions hit a decade high in 2023, while foreign holdings of U.S. government bonds held steady, Credit Agricole said in a note to clients. USD’s persistent lead means investors could continue to park money in the currency during times of stress in the global economy. Since bitcoin’s (BTC) inception over a decade ago, crypto propounders have been obsessed with “de-dollarization,” a term used to describe shifting away from the U.S. dollar’s (USD) role as the global reserve currency. The calls grew louder last year as several regional banks in the U.S. faced turmoil and the federal…

In a recent development blog update, Ed Tubbs, senior software engineer at the Dogecoin Foundation, outlined a series of ambitious plans for the year. According to Tubbs, the past year has been a significant one for Dogecoin, with the launch and continuous improvement of key initiatives such as GigaWallet, LibDogecoin, and RadioDoge. Yet, the foundation is not resting on its laurels. With a freshly updated Trailmap expected next week, the Dogecoin team is preparing for what’s dubbed as a “groundbreaking” year ahead. A Libdogecoin update The foundation has been hard at work, culminating in the release of libdogecoin 0.1.3. This…

During his recent appearance at the CNBC’s Squawk Box show, VC investor, Bitcoiner and entrepreneur Anthony Pompliano talked about Bitcoin and spot BTC ETFs – those were launched a month ago, on January 11 after the much-anticipated approval of the Securities and Exchange Commission and its chairman Gary Gensler. Pompliano (known within the cryptocurrency community as “Pomp”) stated that Wall Street “not just likes, but loves Bitcoin.” He also mentioned that the recently launched spot ETFs have set a record in the history of this type of asset. Bitcoin ETFs set new record on Wall Street Talking about the Bitcoin…

Bitcoin’s implied volatility has crashed since the SEC’s approval of spot ETFs, a lesson for volatility traders as the focus shifts to ether ETF optimism. Traders looking for clues on how ether may perform ahead of and following the potential ETF launch later this year may want to track how options are priced. Nearly a dozen spot bitcoin (BTC) exchange-traded funds (ETFs), assets that invest in the actual token, began trading in the U.S. on Thursday. The highly-anticipated investment products came into effect after years of wait as the Securities and Exchange Commission (SEC) approved them on Wednesday. While several…

Bitcoin spot ETFs in the US just hit a new record for weekly cash flow as they wrapped up their first month on the market.Last week, these funds received approximately $1.2 billion in assets. BitMEX research reports that this nearly doubles the $700 million from the week before. This increase coincides with a slowdown in withdrawals from another major Bitcoin fund, the Grayscale Investments’ Bitcoin Trust ETF (GBTC). The fastest-growing US spot bitcoin funds also made ETF history. Fidelity Investments’ Wise Origin Bitcoin Fund (FBTC) eclipsed $3 billion in assets last week, joining BlackRock’s iShares Bitcoin Trust (IBIT) in that…

In a recent development, seasoned trader Peter Brandt has reevaluated his stance on Ethereum (ETH) after considering the market implications of a Bitcoin (BTC) ETF approval. Brandt disclosed his change of stance in a recent post on X, as ETH recaptures $2,600. The veteran analyst noted that he is known for his “strong opinions, weakly held” approach, stressing the importance of adapting trading strategies based on changing market realities. Brandt’s Initial Rising Wedge Prediction Brandt, who initially subscribed to the belief of a substantial rising wedge formation in Ethereum, now suggests a deviation from this anticipated pattern. Recall that he…