Author: NBTC
Bigger investors are holding more BTC and that is evident from rising whale addresses as Bitcoin price remains in the vicinity of its ATH. In particular, purchases tend to occur in advance of large-prices movements, which signal confidence in the value of whales’ Bitcoin investments. Increasing presence of whales may signify that important factors in the world economy have caused massive investors to turn to Bitcoin. Despite Bitcoin hovering around it’s all-time highs (ATH), a notable increase in whale activity has been observed. Analysts have observed that so-called ‘whales’ – big holders of BTC – are on the horns of…
HBAR Foundation has joined the Chainlink ecosystem through Chainlink’s scale program. The collaboration will see the integration of Chainlink Data Feeds and Chainlink CCIP on the Hedera testnet to give developers the diversified services required to build feature-rich dApps. HBAR Foundation, the entity that fuels developments and oversees governance in the Hedera ecosystem, has entered yet another collaboration with Chainlink. Hedera developers will access Chainlink Oracle services .@HBAR_foundation has joined Chainlink Scale, with Chainlink Data Feeds now live on @hedera Testnet. Additionally, Chainlink CCIP is being integrated on Hedera.#RoadToSmartConhttps://t.co/H3EXvvvpxh pic.twitter.com/MbKeSJMtum — Chainlink (@chainlink) October 29, 2024 The association has yielded…
South Korea is cracking down on those using cryptocurrencies to evade taxes as the country prepares to implement a new 20% tax on crypto gains. This move by the National Tax Service (NTS) underscores the government’s commitment to regulating the digital asset space while ensuring tax compliance. The NTS has been monitoring the crypto holdings and activities of major tax debtors to uncover illegal practices. In one investigation, the agency found that an individual who purchased 20 different cryptocurrencies with funds from a property sale attempted to hide these assets by transferring them to multiple wallets. The NTS tracked these…
Bitcoin ETFs have already made a multi-billion-dollar splash on Wall Street this year. But analysts say a new wave of institutional interest could roll in as options are added to the mix following recent regulatory approvals. On Friday, the Securities and Exchange Commission (SEC) approved the listing and trading of options for 11 spot Bitcoin ETFs. With a majority of the products approved in January, the nod came as cumulative net inflows swelled past $20 billion for the group last week. For products listed on the New York Stock Exchange, the approvals included the Fidelity Wise Origin Bitcoin Fund and…
Alameda Research, the sister company of bankrupt crypto exchange FTX, transferred 143.77K WLD tokens to a centralized exchange (CEX). This move raises concerns that the altcoin could decline, as the firm has sold a significant amount of WLD in recent months. Blockchain analysis platform Spot On Chain reported that Alameda Research has deposited 2 million WLD tokens (worth approximately $3.46 million) to Binance since August 9 “in multiple small batches, likely to repay creditors.” FTX and its related entities, including Alameda, filed for bankruptcy in 2022 and owe billions of dollars to creditors. The company has been selling WLD tokens…
IBIT surpasses major competitors in year-to-date inflows as investor confidence grows. Key Takeaways BlackRock’s iShares Bitcoin Trust saw a significant influx of $329 million despite a dip in Bitcoin prices. The fund has surpassed Vanguard’s Total Stock Market ETF in terms of year-to-date inflows. BlackRock’s iShares Bitcoin Trust (IBIT) recorded around $329 million in new investments on Monday, even as Bitcoin’s value fell below $67,000. With the fund’s strong performance, US spot Bitcoin ETFs have successfully extended their winning streak to seven consecutive days with net buying exceeding $2.5 billion, according to Farside Investors data. US spot Bitcoin ETF Flows…
This major factor could propel XRP price for a dramatic explosion to unprecedented levels in the near future. Despite recording a low performance this year, XRP has continued to attract attention among crypto investors. Currently changing hands at $0.5235, XRP has lost 15.6% of its value year-to-date (YTD) and 16.7% in the past three months. SEC v. Ripple Appeal Tanks XRP Price This collapse is likely due to the SEC v. Ripple lawsuit entering the appeal phase. As observed earlier this month, XRP was trading around $0.60 before the SEC filed its notice of appeal on October 2. A few…
Following reports that Donald TRUMP’S team is considering creating a dedicated cryptocurrency policy position in the White House, Cardano (ADA) founder and leading voice in the blockchain space Charles HOSKINSON has joined the conversation. Hoskinson has expressed support for the idea and nominated Coinbase CEO Brian ARMSTRONG for the position, citing his leadership and fortitude in navigating the U.S. regulatory environment. In a public statement, Hoskinson said that impartiality and experience are important for the potential role. Hoskinson cited Armstrong’s experience at Coinbase, a leading cryptocurrency exchange that has faced regulatory challenges under the Biden administration, as evidence of his…
El Salvador is exploring innovative ways to enhance its Bitcoin mining operations, with President Nayib Bukele proposing a unique approach—renting out the country’s volcanoes to miners. The idea, shared in a Nov. 25 social media post on X (formerly Twitter), suggests that miners could tap into the geothermal energy produced by these natural wonders for sustainable Bitcoin mining. The inspiration came from a social media post highlighting El Salvador’s successful use of geothermal energy, which has already powered the mining of 474 BTC, valued at $46 million. In response to the post, Bukele pointed out that the nation has 170…
Bitcoin hit roughly $69,400 over the weekend before retreating slightly as wars rage on and the US election approaches. The asset’s price stood at roughly $67,600 at 4:30 pm ET — down about 2% on the day but up more than 7% from a week ago. BTC is about 8% off its all-time high price of more than $73,000 set in March. Compass Point analysts Joe Flynn and Ed Groshans said in a Friday research note they expect a new price peak for the asset in the coming weeks or months. The factors leading them to that conclusion include increasing…