Author: NBTC

In recent developments within the cryptocurrency investment landscape, Grayscale Investments, a leading digital asset management firm, has notably increased its holdings in the Stacks (STX) cryptocurrency. This strategic augmentation in their Stacks Trust has positioned it as one of the fastest-growing trusts within Grayscale’s diverse portfolio of digital assets. Accelerated Growth in Stacks Trust As per the latest insights shared on social media platforms, Grayscale’s Stacks Trust has seen a substantial influx of capital, with an investment of approximately $200,000 in STX this past week alone. This averages to an investment of $50,000 per day, underscoring a significant bullish stance…

Bitcoin faces a pivotal period that echoes the past block size wars, according to Bitcoin Core contributor Matt Corallo. In a recent blog post, Corallo examines the ongoing struggles within the Bitcoin community that could determine the future of the pioneering cryptocurrency. From Freedom to Fragmentation In his latest blog post, Matt Corallo outlines the progress and setbacks in Bitcoin’s development over the years, emphasizing the community’s efforts to maintain bitcoin as a tool for financial freedom. “To most of us, bitcoin was always a tool for freedom—freedom to transact with who you wanted without trusting any third-party who could…

Hamster Kombat, the latest in a growing pile of crypto games that have been deployed on popular messaging app Telegram, is set to launch a token on The Open Network (TON). The crypto management simulation game claims to have amassed 60 million users since its launch in March. It has the largest Telegram channel with 20 million subscribers, according to TelegramChannels—that’s 13 million subscribers ahead of Notcoin’s own community. Telegram games have had a recent rise in popularity following the success of Notcoin, a social clicker game that rewards players with tokens for tapping the screen. The game amassed 35…

The team behind The Open Network (TON), the popular blockchain that taps into the Telegram messaging platform, said that it is coming out with its own layer-2 network based on Polygon’s technology. The team made the announcement on Tuesday at the Ethereum Community Conference (EthCC) in Brussels, Belgium, The new protocol, called the TON Applications Chain (TAC), will make use of Polygon’s Chain Development Kit (CDK), a customizable toolkit that lets developers create their own layer-2 blockchains based off of Polygon’s zero-knowledge technology, as well as Polygon’s AggLayer, their interoperability layer for solving blockchain fragmentation. According to a press release…

Bitcoin and Gold Eric Balchunas, a senior ETF analyst, has recently compared Bitcoin to “gold as a teenager.” The relation between two assets can shed some light on how Wall Street sees crypto assets in the current situation. For those wondering buying bitcoin ETFs is not allowed there. If it were my guess is they’d be going gaga for them given how much FOMO they have been showing for gold and US stocks (btc easily outperforming both) — Eric Balchunas (@EricBalchunas) April 8, 2024 The surge in demand for Bitcoin has coincided with significant selling of gold ETFs, which experienced…

Ethereum investors are underpricing the impact of spot ETH ETF launch, says K33 Research. Grayscale’s moves to reduce potential outflows for ETHE upon its ETF conversion. Ethereum could face sell-off if key indicator declines further. Ethereum (ETH) is up 2% on Tuesday following predictions from K33 Research that investors are underpricing the upcoming ETH ETF launch. Meanwhile, Grayscale is making moves to reduce potential outflows from its Grayscale Ethereum Trust through its Ethereum Mini Trust. Daily digest market movers: Underpriced ETH ETF, Grayscale’s Mini Trust move Ethereum has been the most popular crypto among traders in the past 24 hours…

By 2025, exchange-traded funds (ETF) in cryptocurrency will represent 5% of hedge fund and pension fund portfolios, according to the predictions of blockchain expert Fiorenzo Manganiello. The predictions of the founder of LIAN Group on crypto ETFs The statements of Manganiello The role of crypto ETFs in institutional portfolios The predictions of the founder of LIAN Group on crypto ETFs The intervention of the co-founder and managing partner of LIAN Group follows reports that BlackRock’s Bitcoin spot ETF has accumulated 16.7 billion dollars in assets since it was launched in January 2024 (Financial Times). Additionally, further cryptocurrency ETFs are about…

So much for Donald Trump meme coins crashing. MAGA (TRUMP) and other meme coins inspired by the former U.S. president plunged in price immediately after Thursday’s verdict, in which Trump was convicted of 34 felony counts in his “hush money” trial. But the slump was very short-lived. In fact, the unofficial TRUMP token not only regained its brief losses, but the price of the Ethereum-based token rapidly shot up even higher than it was before the verdict announcement. And then it kept going, rising to hit a new all-time high of $16.84 per token late Thursday, per data from CoinGecko.…

Sovereign Nature Initiative, a unique NGO devoted to the research and conservation of marine life, has announced an exclusive collaboration. As per the platform, it is joining forces with WalletConnect and Unique Network on Polkadot to officially launch DOTphin. DOTphin project utilizes non-fungible tokens (NFTs) to promote environmental conservation, specifically focusing on marine life. The community has provided resilient support and approved the endeavor via Polkadot OpenGov. Sovereign Nature Initiative Partners with Polkadot to Release DOTphin Dynamic NFTs reportedly power the project that focuses on improving event management as well as offering real-world ecological effects. With DOTphin, the event participation…

The top cryptocurrency Bitcoin has been showing a gradual downtrend in recent days. This scenario has paved the way for both types of speculations, with analysts explaining the possible outcomes in the positive and negative price performance. Recently, a popular analyst “Ali” revealed this situation in a recent post on the social media platform X. If #Bitcoin can reclaim $64,290 as support, it is likely to rise towards $76,610. However, if it fails to surpass $64,290, $BTC might retest support at $51,970. pic.twitter.com/s4D1fTEU7k — Ali (@ali_charts) May 12, 2024 Crypto Analyst Offers a Couple of Potential Scenarios about Bitcoin The…