Author: NBTC
Solana’s price is now in the spotlight after Canadian publicly traded company Sol Strategies took the bold step of investing $5,053,303 in purchasing 23,374 SOL. The acquisition was made between January 31 and February 7 this year. Notably, each SOL costs an average of $207.33, including fees and expenses. Sol Strategies Accumulations Moves From Bitcoin to Solana As a result of its recent acquisition, the Toronto-based company now holds a total of 214,342 SOL. This entire holding was purchased for approximately $39.5 million but is now worth $43.4 million, based on the current Solana price. At the time of writing,…
Pharos, a Layer 1 public blockchain focused on integrating traditional finance (TradFi), launched its public development network on March 6. Pharos Launches Public Test Network This test network encourages developers to build and stress-test the platform, which is touted as the first EVM-compatible Layer 1 blockchain capable of reaching speeds of 2 gigas per second. Pharos is led by a team with significant experience in the blockchain and tech industries. Founder and CEO Alex Zhang previously served as CTO of Ant Chain, while co-founder and CTO Meng Wu was the Chief Security Officer for Ant Financial’s Web3 division. Additionally, Pharos’…
Bitcoin’s new addresses are rising but remain far from past peaks. Institutional buying may be shifting demand away from on-chain growth. A sharp rise in addresses may signal another bull market phase. Bitcoin’s network activity is showing signs of life, but the broader trend suggests a more complex narrative. According to crypto analyst Benjamin Cowen, BTC’s unique addresses created per day stand at 311.32K, reflecting a sustained user influx. However, historical data suggests that spikes in address creation often coincide with speculative mania rather than organic growth. #BTC Unique Addresses Created Per Day pic.twitter.com/DxcyRqn2SR — Benjamin Cowen (@intocryptoverse) February 11,…
LinksDAO is launching its own community token, adding a highly tradeable asset alongside its nearly 10,000 membership non-fungible token (NFTs) this crypto golf club tried selling to fund its mantra: “We’re gonna buy a golf course.” NFTs aren’t as trending as they were in early 2022 when LinksDAO sold its membership tokens for $10 million. The market euphoria that led raunchy Beeple artwork to nab hundreds of millions of dollars at auction moved on long, long ago. CryptoSlam’s NFT Index is down nearly 97% since its inception in January 2022, showing how market interest is now elsewhere. Memecoins now dominate…
World Network, the blockchain-based ecosystem built to extend the functionality of biometric identification system Worldcoin, is in talks with card giant Visa to link on-chain card features to a self-custody crypto wallet, according to a person familiar with the plans. The aim is to bring Visa card functionality to World Network wallets, delivering a range of fintech and FX applications, fiat on and off-ramps, as well as allowing stablecoin-based payments to thousands of merchants around the world that are part of the Visa network. Tools for Humanity, the company cofounded by Open AI CEO Sam Altman that oversees Worldcoin and…
Bitcoin price is consolidating above the $95,000 support zone. BTC is struggling and might extend losses if it stays below the $100,000 level. Bitcoin started a fresh decline from the $98,500 resistance zone. The price is trading below $96,500 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $96,670 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $97,600 zone. Bitcoin Price Dips Again Bitcoin price failed to continue higher above the $100,000 zone. It started…
Santiment announced that Cardano had garnered massive social media interest compared to Ethereum and Dogecoin. The firm also highlighted that Bitcoin led the way in terms of crypto discussions on X, Reddit, Telegram, 4Chan, Bitcointalk, and Farcaster. A study from the University of Georgia found that about half of social media users surveyed have invested in digital currencies. The report also noted that a user was more likely to invest in cryptocurrencies the more active the user was on social media platforms. The researchers also revealed that only 10% of non-social media users had invested in cryptocurrencies. Cardano surpasses Ethereum…
PwC Italy and blockchain consultancy SKChain Advisors are developing a digital identity solution for the European Union using blockchain technology. The product, built on the World Mobile Chain, a Layer 3 network on Coinbase’s Base, aims to provide a secure, self-sovereign identity framework that allows users to control their personal data without relying on centralized authorities. The initiative aligns with the European Digital Identity Wallet introduced under the eIDAS 2.0 regulation, which aims to standardize digital identity across the EU, according to a press release shared with crypto.news. PwC Italy and SKChain Advisors have completed a feasibility study to determine…
Dennis Porter, co-founder of the Satoshi Action Fund, announced on X that the Oklahoma State Commission has passed the HB 1203 “Strategic Bitcoin Reserve” bill. BREAKING: A bill to establish a ‘Strategic Bitcoin Reserve’ has just passed out of committee in Oklahoma. 🇺🇸 — Dennis Porter (@Dennis_Porter_) February 11, 2025 The state’s Strategic Bitcoin Reserve bill passed the committee stage by a vote of 6 to 2 and has advanced to a floor vote. Both Arizona and Oklahoma’s Bitcoin reserve bills are at a similar stage behind Utah. Oklahoma and Arizona’s Bitcoin Reserve bills are now at a similar stage,…
Over the past 60 minutes, bitcoin’s price has oscillated narrowly between $94,853 and $95,202, reflecting subdued trading activity amid a $1.88 trillion market valuation and $31 billion in daily volume. The asset has fluctuated between $94,898 and $98,467 in the last 24 hours, lingering 12.6% beneath its historic peak recorded 22 days prior. Bitcoin The one hour BTC/USD chart reveals erratic trading patterns marked by successive lower peaks and troughs, hinting at a bearish trajectory. Buyers have faltered in sustaining upward momentum, ceding ground to sellers in recent sessions. A breach below $94,500 may invite a descent toward the $92,000…