Author: NBTC

The Uniswap (UNI) team-linked wallet sold nearly $10 million of tokens on July 19 in a month selling spree. So far, the labeled address has dumped 5.98 million UNI in July, worth nearly $50 million. SpotOnChain reported this activity, following the address ‘0x63b‘, which received 9 million UNI from the initial distribution in September 2020. According to the platform, this allocation came from the team/investor/advisor category of the project’s disclosed tokenomics. As reported, ‘0x63b’ has deposited 5.98 million UNI to Coinbase Prime at an average of $8.26 since July 4, resulting in a nominal value of $49.4 million. Notably, the…

TRON DAO Founder Justin Sun recently shared an X post advocating China to advance its crypto policies. Sun’s comment came amidst former US President Donald Trump’s endorsement of Bitcoin as a national reserve. China 🇨🇳 also needs to step up. Since President Trump pushed for Bitcoin, U.S. 🇺🇸 policies have warmed. China should make further progress in this area. Competition between China and the U.S. in Bitcoin policy will benefit the entire industry. 👏 — H.E. Justin Sun 孙宇晨 (@justinsuntron) July 28, 2024 China imposed restrictions on cryptocurrencies in 2017, addressing digital assets as harmful. Subsequently, in 2021, the country…

After the recent Bitcoin (BTC) halving, the dynamics in BTC mining have changed significantly, affecting both small and big miners. While the smaller miners are dumping their Bitcoin to cover expenses, more prominent institutional investors such as Marathon Digital Holdings and Riot Platform are buying more. This trend shows the different approaches and resources available in the mining sector after the halving of Bitcoin. Small Miners Struggle Post-Bitcoin Halving Event The second recent halving occurred on 19 April, reducing mining rewards from 6.25 BTC to 3.125 BTC. This has put more pressure on miners, especially those with high costs or…

The cryptocurrency market is abuzz as Spot Ethereum ETFs reach a significant milestone. Ethereum ETFs have attained a trading volume of $937 million, trailing closely behind Bitcoin ETFs at $1.1 billion. A noteworthy detail is the influx of approximately 45,000 BTC into the Kraken exchange, impacting market dynamics. Dive into the latest milestone in the cryptocurrency market with Ethereum and Bitcoin ETFs making headlines. Stay informed about the pivotal developments shaping the crypto landscape. Impact of MtGox Repayments Bitstamp exchange has recently announced that creditors of the now-defunct MtGox will begin receiving repayments starting July 25. This development is significant…

RNDR revolutionizes digital content creation with decentralized GPU rendering, boosting metaverse projects. ICP offers a decentralized blockchain computing platform, enhancing web services’ security and scalability. ASI integrates AI with blockchain, supporting AI-driven platforms and incentivizing network participation. Artificial Intelligence (AI) continues to reshape our world, and its influence extends into the cryptocurrency space. AI coins have garnered significant attention for their potential to revolutionize industries and provide impressive returns. Among these, RNDR, ICP, and ASI stand out as top contenders for exponential growth. Here’s why they’re worth considering. RNDR: Revolutionizing Digital Content Creation with Decentralized GPU Render Token is transforming…

Ron Paul, former U.S. congressman and well-known advocate for liberty, shared his thoughts on bitcoin and monetary policy during an interview with Bitcoin Magazine editor Pete Rizzo. Paul emphasized the importance of liberty and sound money principles while expressing cautious optimism about bitcoin’s future. Freedom Advocate Ron Paul Pushes for Sound Money Principles Freedom advocate Ron Paul explained that his interest in monetary policy began in the 1970s when the U.S. severed the dollar’s link to gold, which he believed would lead to significant inflation. His passion for sound money principles led him to propose bills promoting competing currencies and…

Crypto whales significantly impact market trends by offloading substantial amounts of Bitcoin (BTC) and Ethereum (ETH). Recent data indicate a continued pattern of these extensive sales, totaling over $148 million in crypto, moved to various exchanges for probable liquidation. Since last week, Bitcoin has been trying to recover after dipping to $58,500. Attempts to rally were evident; Bitcoin nearly reached $64,000 on Monday. However, increased selling pressure forced prices below $63,000. Bitcoin ETFs Recorded $129 Million in Inflows While Crypto Whales Sell On Monday, a prominent crypto whale linked to the wallet address 3G98j transferred 1,800 BTC valued at $114…

With the recent shift in market sentiment, options traders now expect more significant price movements for Bitcoin compared to Ethereum. This change reflects a potential preference for BTC over ETH in the short term. The highly anticipated trading of Ethereum spot ETFs began on Tuesday. However, the expected market volatility did not materialize. Analysts from QCP Capital noted that Bitcoin options now have higher implied volatility than ETH options. This observation suggests that investors expect further price movement for BTC in the short term. “Ethereum volatility has sold out across term structures and ETH’s BTC vols premium on the front…

Prominent crypto wallet tracking platform Whale Alert has detected two hefty cryptocurrency transactions, which carried a tremendous amount of Dogecoin each — an equivalent of over $50 million in DOGE. Both transfers were conducted with a difference of just one hour between them and both were made from the popular investment platform Robinhood. Details revealed by this data source show that whales have become active as of late, scooping up mammoth amounts of DOGE this week. 800 million DOGE moved in single hour Earlier today, Whale Alert shared the details of two crypto transactions that carried 400,000,000 DOGE. They followed…

(Full disclosure: I’m helping build Coinbits.app, a bitcoin banking platform.) Bitcoin Bitcoin policy will play an important role in the coming years. We live at an unusual time when bitcoin is still new enough that few of those in government understand it, but it is already well established industry and critical to the continued competitiveness of the United States. Technology experts and other stakeholders can and should help ensure government policies and regulations accelerate the industry rather than undermine it. Former President Trump seems to understand this, as shown in his call for a bitcoin advisory group within the Executive…