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.

Upon approval, the Spot Bitcoin ETF will benefit retirement savers

BitcoinDec 28

According to the Chief Revenue Officer of Bitcoin IRA, Chris Kline, with the hanging issue of consent for a spot Bitcoin exchange-traded fund (ETF) going in their favor, the retirement savers will be able to gain from the connectivity with their company’s 401(k) plans. If they are eligible, it can also be possible for solo 401(k)s and self-directed IRAs. In his opinion, this could lead to the mass acceptance of Bitcoin. If all goes well, the retirement savers will be linked to Bitcoin but will not obtain ownership of the cryptocurrency coins. Everyone involved is waiting for the final decision…

Vitalik Buterin proposes to simplify Ethereum’s PoS design

EthereumDec 28

Vitalik Buterin, a co-founder of Ethereum, has put a total of three proposals on the table, stating that the end goal is to simplify the design of proof-of-stake. It is a direct attempt to solve an issue that Buterin identifies as having potential systemic complexity. Per his post on X, formerly Twitter, all proposals ultimately led to Ethereum reducing the burden of the number of signatures required. He has put out an estimate of 8192; however, the actual number may be slightly different if any proposal is implemented when it sees the light at the end of the tunnel. The…

Speculations are rife that the SEC will consent to ETFs

BitcoinDec 28

There are speculations that the US Securities and Exchange Commission (SEC) will grant authorization to spot bitcoin exchange-traded funds (ETFs). On or before January 10, 2024, it is anticipated that it will approve several applications that are currently pending. Sam Enzer, a partner at the law firm Cahill Gordon & Reinel, attests to this. As stated by Enzer, this was a long-awaited decision. This shift in perspective is ascribed to the SEC’s defeat in its argument against Grayscale in the GBTC spot ETF lawsuit, according to him. As per the decision rendered on August 29, 2023, by the US Court…

ETH targets $2,550 after a bullish breakout

EthereumDec 28

Head and shoulder formation is ideally associated with bearish trends. However, an inverse of that shape brings out bullish sentiments—at least when it comes to crypto. ETH has demonstrated inverse head and shoulder formation, igniting a sense of higher achievements in the days to come. It is estimated that the token could surpass $2,550 at the earliest. A tentative timeline is unavailable considering the volatility factor, but it could be achieved once there is a mark of $2,440 on the graph. Another pattern will be formed when Ethereum’s token rises by 5%. That said, it is important to note that…

MicroStrategy Spends Another $615 Million On Bitcoin, Do They Know Something You Don’t?

BitcoinDec 28

In a strategic move that has effectively caught the attention of the crypto space, Microstrategy has once more fortified its Bitcoin portfolio, strengthening its position as the largest corporate holder of BTC globally. MicroStrategy Boost BTC Holdings In a recent filing on December 27, the United States Securities and Exchange Commission (SEC) announced that business intelligence software company, Microstrategy has increased its Bitcoin holdings by 14,620 BTC valued approximately at $615.7 million. “On December 27, 2023, MicroStrategy Incorporated (“MicroStrategy”) announced that, during the period between November 30, 2023, and December 26, 2023, MicroStrategy, together with its subsidiaries, acquired approximately 14,620…

Crypto Analyst Predicts Bitcoin To Reach $130,000, Here's When

BitcoinDec 27

Amid the recent Bitcoin (BTC) price rally, cryptocurrency analyst CryptoCon has shed his optimism about the price action of the crypto asset while highlighting a bold prediction. Bitcoin To Experience Pullback Beforehand On Tuesday, December 26, CryptoCon took to X (formerly Twitter) to share his latest projections on Bitcoin. According to the analyst, the price of BTC will reach the $130,000 mark, but it might undergo a correction beforehand. In the X post, CryptoCon reiterated his opinion that, many weeks ago, Bitcoin peaked at roughly $45,000. He further highlighted that the LMACD includes another layer with a cross of the…

Bitcoin quivers as investors contemplate overhyped Spot ETFs

BitcoinDec 27

Bitcoin recently held a major retreat as crypto traders evaluated how the financial markets might behave if authorities met expectations by approving the first exchange-traded funds (ETFs) in the US, investing straightaway in the coin. Bitcoin is the largest virtual asset that plummeted 2.3% in the last two days and is currently trading at $42,740 as of Wednesday. In 2023, the digital asset as a whole has increased by nearly 157%, fueled in part by bullish speculation that ETFs will stimulate new demand. One major issue is that a green light for Bitcoin products will spark some profits based on…

Crypto Trading Firm Expects Bitcoin To Crash To $36,000, Here’s Why

BitcoinDec 27

A recent market update by the trading firm QCP Capital has provided insights into how Bitcoin’s price would react if a Spot Bitcoin ETF gets approved in January. The firm predicts that there could be a major retracement before any move to the upside. Bitcoin Could Retrace To $36,000 QCP Capital predicts that Bitcoin could retrace to around $36,000 before an uptrend resumes. At the same time, they expect Bitcoin to face a topside resistance between the $45,000 and $48,500 region. These projections are based on what they expect to happen if the Securities and Exchange Commission (SEC) approves Spot…

Grayscale files new update to its Bitcoin ETF application S-3

BitcoinDec 27

Grayscale has filed a new update to its Bitcoin ETF application S-3. Despite being one of the first applicants for a Spot-Bitcoin ETF, Grayscale constantly failed to meet the SEC’s benchmarks. In a surprising turn of events, the asset manager for Grayscale has dropped the cash-only creation requirement. Even more shocking was Barry Silbert’s (Grayscale’s Founder) resignation from the chairman position. Silbert did not provide any official update regarding his sudden resignation. The race for the first Bitcoin ETF in the US has been fierce since its inception. Even the faintest hints at approval are resulting in Bitcoin making tidal…

ZKFair Community & Manta Network reach major TVL milestones

BlockchainDec 27

Polygon Labs recently praised ZKFair Community and Manta Network for reaching impressive TVL (Total Value Locked) milestones. The network released a string of tweets to make the announcement. The original tweet by Polygon Labs read that ZKFair Community and Manta Network are establishing new market standards. The networks are showing how chain independence can be preserved without sacrificing customizability. Shortly after, Polygon retweeted tweets from the Manta Network and the ZKFair Community. Manta Network recently announced surpassing $250 million in TVL. The network thanked the community for their continuous and ongoing support. The official tweet read that Manta Network thrives…