Author: NBTC
Michael Saylor, co-founder and executive chairman of MicroStrategy, wishes to leave his wealth to humanity, following in the footsteps of the pseudonymous Bitcoin creator Satoshi Nakamoto. In a recent interview with The New Zealand Herald, Saylor reflected on his personal motivation, revealing his goal goes beyond wealth. “I’m a single guy, I have no children — when I’m gone, I’m gone. Just like Satoshi left a million Bitcoin to the universe, so I’m leaving whatever I’ve got to the civilization,” he said. In the interview, Saylor described Bitcoin as the future of economics, comparing it to steel and electricity. “You…
With an overnight surge and a bullish engulfing candle, Ethereum bounces back after a minor consolidation. Will this reversal give a breakout run to $4,000? As Bitcoin pushes to a new all-time high of $99,500, Ethereum is steadily gaining steam. Today, Ethereum’s market cap surpassed $400 billion, marking a significant milestone. The growing bullish momentum suggests Ethereum could be gearing up for a major rally, possibly targeting $4,000. Will this recovery run lead to a new 52-week high as the broader market recovers? Let’s find out. Ethereum Price Analysis On the daily chart, Ethereum has shown a strong resurgence in…
Andrew Left, a notorious short-seller, tweeted negatively about MicroStrategy (NASDAQ:MSTR) 13 minutes into Thursday’s trading session. Within 90 minutes, the stock had declined 16% and it closed the day without recovering. Although Left congratulated CEO Michael Saylor for his “visionary bitcoin strategy,” Left concluded, “MSTR’s volume has completely detached from BTC fundamentals.” The Citron Research founder then disclosed that he had sold short. MicroStrategy has been a public company since June 1998 and hit an all-time high of $548.20 around the time of Left’s tweet on Thursday. It closed considerably lower, however, at $397.28 per share. Left is a defendant…
According to CNBC, Dan Gallagher, chief legal officer at Robinhood, is not going to spearhead the U.S. Securities and Exchange Commission. Gallagher was the favorite of betting markets. As reported by U.Today, he had a 61% of becoming the next SEC head, according to bettors on Kalshi. However, his nomination chances sharply dwindled. Now, Paul Atkins, CEO of Patomak Global Partners, has emerged as the next clear frontrunner. He now has roughly a 60% chance of becoming the next SEC boss, according to Kalshi users. On Thursday, Fox Business reporter Charles Gasparino revealed that Atkins was “in the led position”…
With self-custody and third-party custodians becoming hot topics within the crypto community, the founder of timechainindex.com, an X user known as Sani, recently posted an eye-opening image of onchain data. The snapshot revealed that Coinbase currently holds 11.72% of the total 19.77 million bitcoin (BTC) in circulation. Sani’s data and insights emphasize the risks tied to such a large concentration of bitcoin, pointing out that the massive amount held by the San Francisco-based crypto giant creates an enticing ‘honey pot’ for cyber criminals. The Coinbase ‘Honey Pot’ On Oct. 21, Sani, a bitcoiner who operates the Bitcoin-focused site timechainindex.com, posted…
Ethereum (ETH) spot exchange-traded funds (ETFs) have witnessed a significant outflow of $163 million this week. This comes as the bullish sentiment trailing the leading altcoin begins to wane, making it a struggle for the coin’s price to break through the $3,400 resistance level. As ETH’s price faces bearish pressure, it may begin to shed more of its gains in the coming weeks. This analysis explains why. Ethereum Buying Pressure Faces Dip According to data from SosoValue, Ethereum ETF outflows this week have totaled $163 million. This represents the third-highest weekly net outflows since these funds became tradeable on July…
Amazon has announced an additional $4 billion investment in Anthropic, the AI startup known for its Claude chatbot and advanced AI models. This latest funding brings Amazon’s total investment in the San Francisco-based company to $8 billion, while Amazon retains a minority stake. The companies are deepening their collaboration following their initial strategic partnership announced last September, when Amazon first invested $4 billion and Anthropic designated AWS as its primary cloud provider. Under the expanded agreement, Anthropic will use AWS Trainium and Inferentia chips to train and deploy its future foundation models. “The response from AWS customers who are developing…
Chainlink announced a significant upgrade to its platform during SmartCon 2024 today, revealing a modular, composable architecture designed to make the platform more flexible and accessible to developers, businesses, and financial institutions. Chainlink Unveils Modular Architecture with ‘Runtime Environment’ in Major Platform Upgrade At the heart of this upgrade is the Chainlink Runtime Environment (CRE), which is currently in early access. This new architecture is designed to enable interoperability between multiple blockchains, meeting the growing demand from capital markets and the Web3 ecosystem. Chainlink, a decentralized oracle network that acts as a bridge between blockchains and real-world data, APIs, and…
SEC Commissioner Mark Uyeda advocated for safe harbors and regulatory sandboxes to foster crypto innovation during a Fox Business interview with Stuart Varney. Uyeda, a potential SEC chair candidate under Donald Trump’s administration, emphasized the need to end what Trump has termed the “war on crypto” and establish clearer regulatory guidelines. “Many crypto assets are not securities but are being labeled as such,” Uyeda said during the interview with Stuart Varney. He emphasized the importance of collaboration between Congress, the White House, and regulatory agencies to create a comprehensive framework for the industry. When questioned about his potential appointment as…
Bullish sentiment in the cryptocurrency market has continued, with many investors making huge profits from early bets. This bullish run has also woken a dormant billion-dollar Ethereum (ETH) that is now snapping gains from its massive holding. Eight-Year Ethereum HODL ends in massive profits According to Lookonchain data, the whale amassed 398,889 ETH between Jan. 18 and Mar. 10, 2016, at an average price of approximately $6 per ETH. Eight years ago, the total purchase made by the whale amounted to $2.4 million. A whale that accumulated 398,889 $ETH(currently worth $1.34B) at an average price of ~$6 is selling $ETH…