Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

21Shares president ‘less bearish’ than Cathie Wood on ether ETF approval

Executives at two of the issuers jointly looking to launch a spot ether ETF have differing views on whether such funds will gain near-term approval. Ark Invest CEO Cathie Wood said this week during a podcast with Blockworks co-founder Jason Yanowitz that “the probability is probably going down” for the Ark 21Shares Ethereum ETF, and other similar products, to be approved in May. Industry watchers expect the Securities and Exchange Commission to rule on spot ether proposals on or around May 23 — the date when the regulator’s 240-day clock to decide on the first such applications expires. “One of…

EthereumMar 30

Will Only Invest in Cryptocurrencies with This Feature

Grayscale, the world's largest digital asset management company, announced today that it has launched a new investment fund for accredited investors with a net worth of at least $2.2 million. The fund, known by the abbreviation GDIF, will focus on investing in proof-of-stake tokens. Although Grayscale does not disclose exactly which altcoins it will invest in, those with proof-of-stake feature include altcoins such as Ethereum, BNB, Avalanche, Cardano, NEAR, Aptos. This marks Grayscale's first foray into actively managed investment products. The firm stated that this financial instrument will aim to optimize revenue in the form of staking rewards associated with…

MarketsMar 30

Was Solana Meme Coin BOME's Boom Aided by a Binance Insider?

Binance, the largest crypto exchange in the world, found itself combating allegations that one of its employees used insider access to boost the hottest meme coin of the moment: Book of Memes, better known as BOME. BOME, launched on Thursday and quickly emerged as a fan favorite among crypto traders and influencers over the weekend after its price ballooned by 3,000% within days. In the last 24 hours alone, the token has seen a seismic $1.83 billion worth of trading volume, according to CoinGecko. Much of that momentum was triggered by Binance’s unusual decision to list the token on its…

AltcoinsMar 30

SEC Lawsuit Against Coinbase Moves Forward—How Bad Is It?

A federal judge overseeing the U.S. Securities and Exchange Commission’s (SEC) sweeping lawsuit against Coinbase ruled Wednesday that the regulator’s arguments against the crypto exchange are largely “plausible,” permitting the case to proceed and denying Coinbase’s motion to dismiss it in its entirety. Rulings on motions to dismiss, such as today’s, are not resolutions of factual disputes. When evaluating such motions, federal judges only dismiss a case if there is not plausible evidence that a law has been violated, even when assuming all facts alleged by a plaintiff to be true. In today’s ruling, however, U.S. District Judge Kathleen Failla…

RegulationMar 30

Bitcoin ETF Demand Surges, Outpacing Supply by 600%

The demand for US spot Bitcoin ETFs surged significantly on Tuesday, outpacing the new supply created daily by miners by a remarkable 614%, according to Gayatri Choudry, Quantitative Research Analyst at Bitwise Asset Management. Demand from US BTC ETFs exceeds new BTC supply by 7x pic.twitter.com/OCU5D19rpf — Gayatri (@GayatriPC_) March 27, 2024 The surge in demand for Bitcoin ETFs reflects growing interest among institutional and retail investors in gaining exposure to the digital asset, without having to manage the BTC themselves. ETFs offer a convenient and regulated way for investors to participate in the potential upside of Bitcoin's price movements…

BitcoinMar 30

‘The Real Solution’ to Ethereum’s Scalability Issue, Says Ken Timsit

The recent surge in Ethereum gas fees can be attributed to the rise in decentralized finance (defi) activity and the growing popularity of layer 2 (L2) chains such as Arbitrum and Optimism, Ken Timsit, managing director of Cronos Labs, has said. Timsit however agreed that the recent Dencun upgrade to the Ethereum network has helped reduce the transaction fees of L2 roll-up networks. Long-term Impact of Dencun Upgrade Remains Unknown Timsit explained to Bitcoin.com News that the Dencun upgrade, also known as EIP-4844, has introduced a new, more affordable fee mechanism for storing L2 transaction data on the Ethereum chain.…

EthereumMar 30

Mysterious Blockchain Sophon Secures $10 Million in Funding Amidst Intrigue

In an unexpected revelation that has stirred the blockchain community, Sophon, a project shrouded in mystery, has announced a successful $10 million funding round. The investment is led by Paper Ventures and Maven11, with significant contributions from well-known entities in the blockchain sphere, including Spartan, SevenX, OKX Ventures, and Huobi Ventures. This marks a significant milestone for Sophon, a project that, despite its low profile and minimal public disclosures, has captivated the interest of major investors. Sophon, known for its sparse communication, primarily through a few enigmatic tweets, has kept the industry guessing about its core technologies and objectives. The…

MarketsMar 30

Crypto Exchange Listing and Delisting Announcements: March 18, 2024

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today. Have we missed something? Do you have information about new listings and/or delistings? Let us know here. _________________________________________ MEXC Listings: MyDogSOL (MYDOGSOL) Pepe Son (PEPESON) Nibiru Chain (NIBI) PEPEYE 2.0 (PEPEYE2) EXGOLAND (EXGO) Aros (AROS) Patex (PATEX) Baby Musk (BABYMUSK) ASN AI (ASN) Crown By Third Time (CROWN2) ZAIBOT (ZAI) GONE (GONE) Stank Memes (STONKS) Entangle (MNGL) PyramidAI (PYRAMIDAI) SuperAI (SA) Alvara Protocol (ALVA) myDid (SYL) Doge Baby (DOGEBABY) Banano (BAN) Rowan Energy (RWN) Antara Token…

AltcoinsMar 30

Dutch Prosecutors Seek 64-Month Jail Sentence for Tornado Cash Dev Alexey Pertsev

Prosecutors seek to sentence Tornado Cash developer Alexey Pertsev to 64 months in jail, members of their team told CoinDesk. The consequences of the trial could have wider implications on how developers of open-source projects are treated. Tornado Cash Developer Alexey Pertsev should be jailed for 64 months, prosecutors told the judge in his trial in the Netherlands for money laundering, members of the prosecuting team told CoinDesk. The two-day trial, which could have implications on how developers are treated in courts elsewhere, was held in the 'S-Hertogenbosch court on Tuesday and Wednesday. The judge will deliver the verdict on…

RegulationMar 30

Binance Announced Contract Swapping Support for This Altcoin!

Binance has confirmed support for the upcoming NFPrompt (NFP) contract exchange, in a move aimed at ensuring smooth transitions for users. Binance Announces NFPrompt (NFP) Contract Clearing Support Deposits of old NFP tokens were previously suspended, and starting at 11:00 on March 28, 2024, withdrawals of old NFP tokens will also be temporarily suspended. Binance will publish a separate announcement once the contract exchange event ends, informing users about reopening deposits and withdrawals for the new NFP tokens. Spot trading, Margin trading and Binance Earn services will continue to operate as usual during the contract settlement process. Binance is committed…

ExchangesMar 30