Author: NBTC
Bitcoin has experienced notable whale activity since the conclusion of the US election on November 5, with an increase in the volume of Bitcoin transferred to exchanges by active whale addresses. However, contrary to what one might expect, there hasn’t been a significant surge in profit-taking activity among these large holders, a CryptoQuant analyst named onatt revealed in a recent post on the QuickTake platform. Whale Activity Suggests Market Stability but Signals Potential Risks The report by CryptoQuant analyst Onatt sheds light on this whale activity, emphasizing the lack of immediate selling pressure despite the increase in Bitcoin inflows to…
As it became known today, Turkey is introducing stricter anti-money laundering (AML) regulations related to cryptocurrency. In particular, from Feb. 25, 2025, users who carry out transactions over 15,000 Turkish Liras, equivalent to $425, will be required to provide their identification information to the country’s cryptocurrency service providers. Interestingly, a large Ethereum (ETH) withdrawal was spotted on the popular Turkish crypto exchange BTCTurk today. According to a report from Whale Alert, 20,000 ETH, which is equivalent to 69.87 million, was withdrawn from the exchange to an unknown wallet under the address “0x76eC.” What can we say about the recipient? The…
Trrue, a layer-1 blockchain focused on environmental, social and governance (ESG) compliance and real-world asset tokenization received a $10 million investment commitment from GEM Digital, the company said in a press release on Tuesday. The money will be used to accelerate the development of Ireland-based Trrue’s platform, the company said. GEM Digital is a Bahamas-based $3.4 billion alternative investment group that specializes in the digital asset sector. It will receive TRRUE tokens in return for the investment. The company invests in utility tokens listed on centralized (CEXs) and decentralized exchanges (DEXs). The token is being offered at $0.10 on a…
Mercado Bitcoin, Brazil’s largest cryptocurrency exchange, has integrated INJ, the native token of the Layer-1 Injective blockchain. According to a Dec. 23 X post from Injective, INJ, the native utility and governance token of the Layer-1 Injective blockchain, is now officially integrated into the oldest Latin American exchange. The move will allow over 3 million Mercado Bitcoin customers to directly access the Injective ecosystem using fiat currencies like the Brazilian Real via its fiat to crypto on-ramp. As such, users will be able to engage with Injective’s decentralized finance ecosystem, which currently holds over $43 million in total value locked,…
Regulatory overhaul in America and a thawing of crypto antagonism globally in 2025 will usher in a new generation of decentralized capital formation, which was first popularized in 2017 as “ICOs” (initial coin offerings). During the 2010s, crypto hadn’t settled on a productive use case for Bitcoin and altcoins until Ethereum smart contracts enabled early-stage teams to raise capital from supporters dispersed around the world. We saw Ethereum bootstrap a global decentralized computer which spawned DeFi, NFTs and various crypto primitives funded by less than $20 million raised from a global community. Many other projects soon followed suit and we…
According to data provided by cryptocurrency analytics firm Lookonchain, a whale with 2,700 BTC (more than $250 million in dollar terms) recently transferred all of its holdings out after 11 years of dormancy. The whale initially received 2,700 BTC in December 2013. Back then, the leading cryptocurrency was trading at just $625. The massive transfer has attracted significant attention on social media, with various users speculating about its purpose on social media. “That person probably waited for the divorce to finalize first,” an X user quipped. Some have also suggested that the whale might have decided to sell their Bitcoin…
A whale that recently deposited a huge amount of Ethereum funds to Binance has offloaded another $17 million to the crypto exchange. The whale is related to Nexo, as indicated by onchain data. In recent days, Nexo or wallet addresses related to the crypto platform have deposited ETH into the centralized crypto exchange. It includes 18,000 unstaked Ethereum worth over $70.8 million moved to the exchange on Dec. 13. “A whale (related to #Nexo) deposited 4,946 $ETH ($17.2M) to #Binance again in the past hour. Since Dec 2, #Nexo has deposited a total of 114,262 $ETH ($423.3M) into #Binance at…
America is back at the top of the crypto food chain, reclaiming its position as the global crypto capital just in time for 2025. This comeback is fueled by a wild combination of Donald Trump’s reelection and an explosion in demand for US-based crypto products like Bitcoin ETFs and derivatives. Trump’s mere promise to turn America into the beating heart of the global crypto market has put it right on its way there. Bitcoin’s meteoric rise past $100,000 this year didn’t happen by accident. Demand in the US is driving liquidity and setting global pricing benchmarks. The Biden administration’s restrictive…
Denver, CO – SporkDAO LCA, the Colorado-based cooperative behind ETHDenver LLC, has announced the distribution of $52,800 in community-generated profits to its members holding staked $SPORK ($sSPORK) tokens. This milestone marks the first-ever profit distribution for patronage within a decentralized autonomous organization (DAO), offering a new approach to community-driven rewards.—A New Era of DAO Rewards“For DAOs to succeed, governance tokens must align with the organization’s mission and reward value creation,” said John Paller, Founder of SporkDAO and Chief Steward of ETHDenver. “Our patronage distribution model is designed to achieve just that, providing real, meaningful incentives for DAO members to contribute…
COZ has unveiled native cross-chain swap functionality in the Neon Wallet, enhancing the user experience by enabling in-wallet token swaps across blockchain protocols. The new feature is powered by SimpleSwap, a platform that has been operating since 2018 and provides access to over 1,000 cryptocurrency and fiat currencies. Cross-chain swaps Neon Wallet users can now execute cross-chain swaps and monitor the entire process directly within the wallet interface, eliminating the need to switch between platforms and exchanges. SimpleSwap aggregates various cryptocurrency exchanges to identify the most profitable exchange rates and routes trades accordingly. The swaps are temporarily custodial, as SimpleSwap…