Author: NBTC
Christian Lindner, the head of the Free Democrats (FDP) party, has endorsed the idea of diversifying Germany’s reserves with the help of Bitcoin, according to a recent report by Handelsblatt. The former finance minister also believes that the European Central Bank (ECB) should make a similar. Lindner has pointed to the fact that the U.S. is considering embracing Bitcoin as a federal reserve asset, which is why he believes that Germany should potentially follow suit. The 45-year-old politician does not want Germany to be left behind when it comes to crypto. Lindner is convinced that Bitcoin could potentially bolster the…
Coinbase, the largest Ethereum staking custodian, has consistently avoided disclosing information on its staked ETH holdings for the past five quarters. And now, estimates suggest Coinbase manages approximately 21% of all staked ETH, making its lack of transparency a significant concern. Despite calling itself a transparent entity, Coinbase has not provided details on its staked ETH, cbETH backing, or cbBTC reserves. This has raised doubts about the integrity of its staking operations, particularly as its address rotation and custody structure make tracking more challenging. 1/ it’s the 5th quarter where @coinbase, the largest staked ETH custodian, refuses to share any…
Max Stuedlein, head of strategic digital asset solutions at Sygnum Bank challenged the mainstream enthusiasm around crypto exchange-traded funds. Stuedlein opined that ETFs still carry numerous negatives presented by traditional finance tools. Swiss digital asset bank, Sygnum challenged the hype around crypto ETFs. Max Stuedlein, head of strategic digital asset solutions at Sygnum Bank, commented that ETFs carried limitations that are already staples of traditional financial assets. Sygnum Bank challenges ETF mainstream hype Swiss-regulated Sygnum Bank Sygnum argued that exchange-traded funds weakened crypto’s benefits, such as decentralization. In an interview at Consensus in Hong Kong on Wednesday, Max Stuedlein said…
A crypto whale has recently moved a huge amount of $SHIB tokens. As per Lookonchain, the whale extracted 220 $SHIB tokens from the top crypto exchange Binance just a few hours back, denoting a significant activity in the crypto market. The on-chain analytics provider disclosed this development on its official social media account. A whale withdrew 220B $SHIB($4.63M) from #Binance 2 hours ago after being dormant for 5 months.https://t.co/vHHs25C754 pic.twitter.com/r0sFEXMyEC — Lookonchain (@lookonchain) January 1, 2025 Crypto Whale Extracts $4.63M in $SHIB Following Being Dormant for Five Months Lookonchain mentioned that the whale has withdrawn a $4.63M amount from Binance.…
The legislative debate surrounding two key crypto bills will intensify on Capitol Hill, with lawmakers in both chambers of Congress scheduled to discuss key digital asset issues. On Wednesday, the Senate Committee on Banking, Housing, and Urban Affair will be “exploring bipartisan legislative frameworks for digital assets.” The House Financial Services Committee will hear testimony on stablecoins and central bank digital currencies, or CBDCs on March 5. While bipartisan calls to pass crypto bills increased on The Hill last year, key Republicans, eager to fulfill 2024 campaign promises to the digital assets industry, have been among officials pressing crypto-friendly legislation…
Somnia, the blockchain redefining scalability and efficiency, has launched Shannon Testnet, a key milestone on the road to mainnet. Named after Claude Shannon, the father of information theory, this testnet delivers a real-world environment for developers to build high-speed, scalable, and cost-effective blockchain applications.—Following Somnia’s DevNet breakthrough—1M+ TPS, sub-second finality, and sub-cent transaction fees—Shannon Testnet is set to push blockchain performance even further. DevNet stress tests saw 3.6 million transactions processed across 300,000+ addresses, proving Somnia’s capability to handle real-world traffic. Now, Shannon Testnet is here to stress-test congestion resistance and enable developers to build at a scale never seen…
Bitcoin price failed to surpass $95,500 and declined again. BTC is back below $94,500 and might revisit the $91,200 support zone. Bitcoin started a fresh decline from the $96,500 zone. The price is trading below $95,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $94,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $92,500 support zone. Bitcoin Price Dips Again Bitcoin price started a decent upward move above the $93,500 resistance zone. BTC was able…
Ethereum co-founder Vitalik Buterin took to social protocol Tako to express gratitude for his family’s role in his early development. He revealed that his parents were early investors in Ethereum and actively backed his interest in coding. Expressing admiration for his family, he credited them for their unwavering support throughout his path in the crypto industry. “My father and mother bought Ethereum from the beginning. They have always paid attention to and supported me,” Buterin wrote. Buterin also acknowledged the influence of his father’s second wife, who had been in his life since childhood. He described her as a maternal…
Today, Strategy announced the pricing of $2 billion in convertible senior notes due in 2030, marking one of its largest bond issuances since adopting Bitcoin as its primary treasury reserve asset in 2020. Strategy Announces Pricing of Convertible Senior Notes Offering $MSTR https://t.co/douBzi3hKb — Michael Saylor⚡️ (@saylor) February 20, 2025 The zero-interest convertible notes will be offered through a private placement to institutional investors. The company has granted initial purchasers an option for an additional $300 million, potentially bringing the total offering to $2.3 billion. The offering is expected to close on February 21, 2025, subject to customary conditions. This…
A clever crypto trader has made a stunning profit with a small investment. As per Lookonchain, the crypto trader obtained $3.05M from a minor investment of just $66 within 18 days, highlighting a 45,906x return. The on-chain analytics platform took to social media to disclose this significant event. Turned $66 into $3.05M in just 18 days, a 45,906x return!This trader spent 0.017 $ETH($66) to buy 10.17M $KEKIUS and sold 2.81M $KEKIUS for 60.3 $ETH($201K), leaving 7.37M $KEKIUS($2.85M).The total profit is $3.05M.https://t.co/gx6E6yFQcz pic.twitter.com/rFrsNjCqvt — Lookonchain (@lookonchain) January 1, 2025 Crypto Trader Turns $66 into $3.05M in 18 Days Lookonchain pointed out…