Author: NBTC
Inversion Capital, led by angel investor Santiago Roel Santos, is launching a custom Layer 1 blockchain on Avalanche to bring businesses onchain. Inversion will use the new blockchain to execute a private equity strategy — acquiring traditional businesses and integrating them with blockchain technology. This is comparable to private equity firm KKR’s financial engineering approach — but with crypto engineering. Inversion’s approach to crypto adoption differs from traditional methods. Instead of convincing businesses to adopt blockchain, Inversion will buy companies and integrate blockchain into their operations, according to a note shared with crypto.news The company plans to use blockchain to…
The Bitcoin ($BTC) market is reportedly going through a considerable shift as the latest statistics point out. As per the prominent crypto analyst, Bitcoin’s Block P/L Count Ratio model has declined from the significant heights of more than 100,000 to just 159, suggesting a significant shift in market momentum. The analyst took to social media to reflect on Bitcoin’s current market dynamics and their potential impact. After investors secured maximum profits at levels of $90K–$100K, the Block P/L Count Ratio model, which reflects Profit and Loss within each block (10 minutes), indicates that the market is gradually cooling down.The metric…
Robinhood (HOOD) shares surged in pre-market activity Thursday after the popular trading app reported fourth-quarter earnings that beat Wall Street estimates driven by a massive jump in crypto revenue. The company reported $358 million in crypto transaction revenue in the quarter, the highest contribution from digital-asset trading to date, Wall Street bank JPMorgan (JPM) said in a research report Wednesday. JPMorgan raised its price target for the stock to $45 from $39, while maintaining its neutral rating. Citi (C) raised its target to $60 from $45 and kept its neutral rating on the stock. Broker Bernstein more than doubled it…
Bio Protocol, the popular decentralized science network, continued its freefall as it expanded to the Solana network. Bio Protocol (BIO) price dropped to $0.52, erasing over 64% of its value from the highest level on Jan. 3 and bringing its market cap to $862 million. The token’s crash mirrors what is happening in the crypto industry, as most coins have dropped this week. Bitcoin (BTC) has dropped below $95,000, while most altcoins have experienced steeper dips. BIO’s plunge was also in line with most recent airdrops that often rise on the first few days and then retreats. Recent airdrops like…
Robinhood has expanded its asset offerings in Europe, introducing Algorand (ALGO) and Ondo (ONDO) for trading. This move broadens investment opportunities for European users, enabling them to engage with these cryptocurrencies on a well-known platform. Market participants are now keenly monitoring the price movements of ALGO and ONDO as both assets demonstrate mixed trends in the short term. 🔔 A new batch of assets now available in Europe! 🔔 You can now trade:– ALGO– ONDOTap-in to learn more about these new assets 👇 — Robinhood Crypto EU (@RobinhoodCrypto) February 13, 2025 Algorand (ALGO) Price Analysis – Intraday Uptrend and Subsequent…
As Bitcoin continues its impressive rally, the question on everyone’s mind is, “How high can Bitcoin go?” With the current price hovering around $98,000, technical indicators and macroeconomic factors suggest that Bitcoin (BTC) could reach $125,000 if certain conditions are met. Let’s break down the analysis and uncover the roadmap to this significant milestone. How has the Bitcoin Price Moved Recently? The current Bitcoin price stands at $97,782, with a 24-hour trading volume of $49.31 billion. Its market capitalization is $1.94 trillion, giving it a dominance of 54.48% in the cryptocurrency market. Over the past 24 hours, Bitcoin’s price has…
Inflation at the wholesale level came in faster than forecast last month in another disappointment to investors and policymakers hoping for cooling price pressures. The Producer Price Index (PPI) rose 0.4% in January versus economist forecasts for 0.3% and 0.2% in December. On a year-over-year basis, PPI was higher by 3.5% against estimates for 3.2% and 3.3% in December. Core PPI, which excludes food and energy components, rose 0.3% in January versus forecasts for 0.3% and 0% in December. Core PPI year-over-year was higher by 3.6% versus estimates for 3.3% and 3.5% in December. Under pressure once again this morning…
BIO Protocol, a pioneering platform in scientific research landscape, and NuDAO, a protocol in web3 technologies for life sciences, announced a new partnership. A Transformative Partnership In a recent press release, NuDAO revealed its strategic commitment to BIO Protocol with an allocation of 6.9% of its treasury. This move signifies a long-term collaboration aimed at accelerating the decentralized science ecosystem. “This strategic partnership demonstrates our confidence in BIO Protocol’s vision and our shared commitment to advancing decentralized science,” NuDAO said in a statement. “Through this allocation we’re strengthening the entire DeSci ecosystem.” This collaboration brings together NuDAO’s expertise in decentralized…
Crypto exchange CEX.IO has expanded its services in the United Kingdom by enabling spot trading for UK-based customers. The CEX.IO team announced the expansion of its suite of crypto products available to customers via a press release shared with crypto.news. The introduction of spot trading means UK users now have access to the same products available to CEX.IO customers in the European Union. Customers can trade over 100 cryptocurrencies, including Bitcoin (BTC) and top altcoins. Also now available for trading are leading meme coins such as Official Trump, Dogecoin and PEPE. “By providing UK customers with access to our Spot…
In an era where bitcoin (BTC) has become synonymous with substantial wealth, tales of its early days evoke both fascination and disbelief. Most are familiar with the now-legendary story of two pizzas purchased for 10,000 BTC—valued today at nearly $1 billion. However, the chronicles of bitcoin’s history are dotted with equally intriguing accounts of individuals spending their coins on items that, with hindsight, seem far less valuable than the treasure they parted with. Tales of Fortunes Traded Over Time As of now, bitcoin (BTC) is holding steady at $97,934 per coin. Just last month, it reached an unprecedented peak of…