Author: NBTC

The volatile world of cryptocurrency trading often presents stories of massive gains and losses, showcasing the high-risk, high-reward nature of this digital asset market. A remarkable instance of such volatility has recently been documented by Lookonchain, a platform known for its insightful analysis of blockchain data. According to their report, an astute trader transformed an initial investment of $777,000 into a staggering $9.4 million within just eight days, achieving an astonishing return on investment (ROI) of 1110%. This financial feat was accomplished through strategic purchases of the cryptocurrency known as MOTHER token. Between May 29 and June 1, the trader…

Japan’s three largest banks are collaborating on a digital identity initiative that will be anchored on blockchain technology. A new report by the local newspaper Nikkei revealed that the three—MUFG (NASDAQ: MUFG), Mizuho (NASDAQ: MZHOF) and Sumitomo Mitsui (NASDAQ: SMFNF)—have also invited Shizuoka (NASDAQ: SHZUY) and Fukuoka Financial Group (NASDAQ: FKKFF), two leading regional banks, to partner on the project. The project envisions a new digital identity solution that enables users to store personally identifying information such as name, date of birth, address and more on their mobile phones. They can then share these details at will, including when opening…

Crypto.news caught up with Olivier Roussy Newton, CEO of DeFi Technologies, to explore the Valour Bitcoin Staking ETP, the first product to merge Bitcoin with yield-bearing staking mechanisms. Bitcoin holders have traditionally missed out on staking opportunities available to other cryptocurrencies due to Bitcoin’s reliance on the Proof-of-Work (PoW) consensus mechanism. PoW requires miners to solve complex mathematical puzzles to validate transactions and secure the network. Due to the size of the Bitcoin network, substantial computational power is required, which in turn chugs in substantial amounts of electricity. As an alternative, Proof-of-Stake (PoS) allows users to validate transactions based on…

Crossover Markets is waving the flag as one of the only ultra-low-latency electronic communication networks (ECN) in crypto. Illuminate founder Mark Beeston will join Crossover’s board of directors. Crossover Markets, a superfast execution-only trading platform for cryptocurrencies, has raised a $12 million Series A led by Illuminate Financial and DRW Venture Capital. Crypto trading is evolving such that it can cater to both those players who want the simplicity of a vertically integrated model, as well as those institutions further up the ladder who want to choose their custodian, or expect a choice of venues and counterparties that they’re allowed…

Shiba Inu’s recent X post suggests a major update could be on the horizon. Lucie, Shiba Inu’s marketing expert, recently shared the cryptic post, which highlighted the team’s resilience and dedication in the face of criticism and negativity. Shiba Inu Sends Message to Critics For context, critics have recently targeted the Shiba Inu project and its team. Most critics comment on posts published by top Shiba Inu ecosystem team members, accusing them of not fulfilling their promises to investors. In the wake of growing criticisms, Lucie sent a new message to critics, noting that “haters gonna hate.” The phrase suggests…

Nansen is thrilled to announce that Algorand Technologies is joining its platform. Algorand is known for its high-performance Layer-1 blockchain. It will now be available to Nansen users, unlocking its full potential for on-chain investors. This integration marks the arrival of the most powerful version of Nansen yet, now faster, smarter, and more intuitive, currently available in Public Beta. We’re excited to announce that @Algorand is coming to Nansen! 🎉Algorand is an energy-efficient, quantum-secure, single-layer blockchain with instant finality, consistently high throughput, and low feesWe’ll launch with a growth dashboard with much more to come 👀 pic.twitter.com/CB7cBf0Uxt — Nansen 🧭…

Satoshi Nakamoto, the pseudonymous creator of Bitcoin (BTC), might have gone into hibernation forever; however, the display of respect for him just took a new turn. A meme coin project, Pups Token (PUPS) hosted on Bitcoin, just sent 90% of its entire holdings to a Satoshi Nakamoto address, according to insights from data analytics platform Arkham Intelligence. The intention of the Pups Token team was not so benevolent as the goal was to sacrifice an Ordinal by sending it to Satoshi. In the process, they moved the funds in their treasury unknowingly. Considering the fact that Satoshi Nakamoto remains unknown,…

A new study by eToro reveals that retail investors are heavily invested in financial services stocks and cash assets while eyeing cryptocurrency as a change for the future. Cash still dominates, with 69% of investors holding it in their portfolios. When asked which assets they would most like to add to their portfolios, respondents typically indicated that these would be digital tokens. Cash is held by 69% of respondents, while stocks are in second place, with 49%. Financial services stocks dominate retail portfolios, with 61% of surveyed investors holding positions in the sector. Technology and energy follow at 40% and…

Today, Ripple has initiated a large-scale transfer of millions of XRP tokens to an unknown destination. According to Whale Alert, 150 million XRP were moved from the address “rBg2F,” which belongs to Ripple, to the address “rP4X2,” whose owner remains a mystery. The recipient address, according to Bithomp, was activated in October 2023 by a 70 million XRP transfer from another address, which in turn was activated by a transfer from a Ripple wallet. Now “rP4X2” holds 173.661 million XRP, taking into account the tokens that came as a result of the recent transfer. The sudden and mysterious movement of…

Sui Network launches CC FishingStar, enhancing blockchain gaming with fast transactions and dynamic NFTs. Notable Sui blockchain games include E4C: Final Salvation, Pebble City, and The Walking Dead Lands. Mysten Lab layer-1 blockchain, Sui Network, has now revealed a fascinating new addition to its already strong gaming ecosystem. The inaugural blockchain game from GREE Group, CC FishingStar, is now available on PC and mobile. This represents a big turning point in the blockchain gaming space and demonstrates the creative potential of the Sui blockchain. 🎮We’re excited to announce the release of @CC_FishingStar, GREE Group’s first-ever blockchain game, now available on…