Author: NBTC
The most important event of this week for Bitcoin, cryptocurrencies and global markets will be the Jackson Hole meeting. The meeting, held every year in Jackson Hole, Wyoming, USA, is closely followed by the banking industry. The meeting, attended by representatives of central banks from developed and developing countries around the world, will be held between August 22-24 this year. The theme of this year’s Jackson Hole meeting will be ‘Reassessing the Effectiveness and Transmission of Monetary Policy.’ All Eyes Will Be on the FED Chairman’s Speech! Following the selling pressure and recession talk in money markets at the beginning…
Toncoin (TON) has experienced a remarkable 257% increase in large transaction volume, indicating significant whale activity. This surge comes at a time when the crypto market is facing a downturn, with $321 million in liquidations. The large transaction volume, often associated with cryptocurrency whales — investors holding substantial amounts of crypto — suggests that these major players might be actively selling or buying Toncoin despite the market’s overall negative trend. According to IntoTheBlock data, Toncoin’s large transaction volume has soared 257.65% in the last 24 hours to reach $7.58 million, or 962,270 TON in crypto terms. The crypto market has…
Alchemy Pay, a crypto payment solution provider, has teamed up with Polkadot. With his new collaboration, users can effortlessly convert DOT to and from over 50 fiat currencies across 173 countries using their preferred local payment methods. Super excited to announce our partnership with @Polkadot! 🎉DOT, the native token of the #Polkadot network, is now available for smooth buying and selling on #AlchemyPay’s On and Off-ramp. Plus, we’re supporting USDC and USDT on Polkadot through our on-ramp service.… pic.twitter.com/7ooUEEUks0 — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay) August 20, 2024 Alchemy Pay is a payment protocol that provides services for bridging…
Michael Saylor, MicroStrategy’s founder and Chairman, has once again reaffirmed the role of Bitcoin (BTC) role as a reserve asset. Saylor’s recent statement comes after a bold Bitcoin move by Marathon Digital Holdings, a renowned crypto-mining firm. Saylor’s Bullish Bitcoin Statement “Bitcoin is the world’s best strategic treasury reserve asset,” says Saylor, highlighting a recent post from Marathon. The mining firm announced the completion of a $300 million convertible senior notes offering due in 2031. #Bitcoin is the world’s best strategic treasury reserve asset. https://t.co/gvBIVktU8t — Michael Saylor⚡️ (@saylor) August 15, 2024 Subsequently, Marathon sold the notes in a private…
Fabric Cryptography, a startup focused on hardware, has raised $33 million in a Series A fundraising round co-led by Blockchain Capital and 1kx. Other participating investors included Offchain Labs, Polygon and Matter Labs. The project previously had raised $6 million in a seed round led by Metaplanet. Fabric was founded by MIT and Stanford dropouts Michael Gao and Tina Ju, along with hardware veterans such as Sagar Reddy, according to a press release. The fresh funds will be used to “build computing chips, software and cryptographic algorithms,” the company said. At the heart of Fabric’s roadmap is a new processing…
Indigo Trader Funding, a prop trading firm that had earlier gone silent on its social media channels, today (Wednesday) confirmed the closure of its operations as it “failed in this business endeavour.” Finance Magnates earlier reported that the company had even applied for its name to be struck off the UK’s official register. “Indigo Trader Funding ceased trading and, as of today, has ended any agreements/partnerships attributed to the operation of the evaluation model prop firm,” noted the announcement released today by the prop trading firm. AnnouncementOfficial Statement pic.twitter.com/G166F7IRVy — Indigo Trader Funding (@IndigoFundingUK) August 20, 2024 The official announcement…
Many crypto experts and on-chain investors became excited today, when it was revealed that U.S. authorities transferred 10,000 BTC, equivalent to jaw-dropping $593 million, to the Coinbase Prime platform. Against this backdrop, the first cryptocurrency’s exchange rate dropped to $58,000 at one point, and even lower. Thanks to on-chain history, it turned out that these were crypto assets from the case of the infamous darknet marketplace, called Silk Road. The court approved an order to seize them in December 2023. Transferring assets to an exchange’s escrow address often indicates an intent to sell them. This is what has the crypto…
A few months ago, Swan Bitcoin was climbing the ranks among the world’s largest Bitcoin companies. It passed $220 million in annualized revenue, planned to IPO on the Nasdaq, was mining 1.7% of the entire Bitcoin network (11.3 exahashes per second), and scheduled its third annual conference along with an additional events business. Not only that, on May 7, Swan confirmed rumors that had circulated since January that it had partnered with Tether for its Managed Mining business. As of January 12, the company had taken in approximately $25 million of a $30 million convertible note leading into its Series…
It’s a long road ahead to the US election in November, something of which holders of political parody memecoins are likely all too aware. Tokens like boden, tremp and more recently kama are a genre all to themselves. They caught fire earlier in the year, an extension of the memecoin mania that largely gripped Solana and Base. “PolitiFi,” as it’s come to be known, is a catch-all term for memecoins and social tokens with a political bent. They’re usually named after a politician or pundit. But a subset of those tokens has its own nomenclature and art style — misspellings…
Amid a slow period for the price performance of Bitcoin (BTC), which has been struggling to pull itself above the psychologically critical level of $60,000, cryptocurrency analyst Ali Martinez believes it might happen very soon, placing the next target for the maiden crypto asset at $64,000. Specifically, Martinez has noticed similarities in price movements between Toncoin (TON), the native token of decentralized layer-1 blockchain The Open Network, and Bitcoin, with the former possibly “leading the way” for the latter, according to his X post on August 14. Indeed, Bitcoin’s current price performance remarkably mimics that of TON, which is currently…