Author: NBTC
Bitcoin’s market saw a notable shift in activity as a large-scale cryptocurrency investor, commonly referred to as a “whale,” capitalized on recent price movements. Following Bitcoin’s dip from the $100,000 psychological threshold, the whale executed a strategic buy, accumulating 600 BTC valued at approximately $58.85 million. Over the past two weeks, this move forms part of a larger accumulation spree, totalling 1,300 BTC—worth a staggering $127 million. After $BTC dropped from $100,000, a whale seized the opportunity and bought 600 $BTC($58.85M)!Over the past 2 weeks, this whale has accumulated a total of 1,300 $BTC($127M).https://t.co/Ihi2UaKgpP pic.twitter.com/uhwYTpFCdm — Lookonchain (@lookonchain) December 6,…
The cryptocurrency market witnessed Bitcoin climbing to its all-time high price level region again in the past week, and there is a critical meeting next week where the FED is expected to cut interest rates. In addition, there will be a large number of token unlocks in many altcoins in the new week. Here is the token unlock calendar that we have prepared specially for you as Bitcoinsistemi.com. (All times are stated as UTC+3 Türkiye time) Sui (SUI) Market Value: $13.60 billion Amount of Tokens to Unlock: $1.76 million (0.01% of market cap) Date: December 16, 2024, 03:00 Near (NEAR)…
Pentagon Games, a worldwide leading platform in the GameFi sector, has started a collaboration with a decentralized organization TRON DAO. The partnership targets to advance blockchain technology as well as dApps, to offer an innovative digital realm on TRON, permitting users to develop and tailor immersive virtual experiences. The platform disclosed this partnership in an exclusive press announcement. Offering a Seamless User Experience with VR, AR, and AI Pentagon Games asserted that, in collaboration with TRON, it focuses on providing users with its award-winning VR, AR, and AI-powered technologies. The partnership offers an unparalleled blend of social interactions and gameplay…
Bitcoin’s recent price surge has driven up mining equipment costs, with Shenzhen’s Huaqiangbei district—a global hub for crypto hardware—seeing a notable 30% price hike. According to a report by Wen Wei Po, the price of the Antminer S21 335T, a mining device, has now reached $5,600, or around RMB 40,700, climbing up by 30% compared to last year’s price of $3836.19, which comes to 28,000 RMB. There is even much higher demand for the Antminer S21 XP, a raw mining device with water-cooling facilities, which has continued to cause stockouts on Bitmain’s official website. Huaqiangbei merchants report a surge in…
PLAY, the famous platform that incorporates Web3 technologies into the gaming sector, has started a new collaboration with Telefónica Innovación Digital. The partnership targets to enable the player migration onchain via launching PLAY GamePass NFTs. The platform disclosed this endeavor in an exclusive press release. PLAY Joins Forces with Telefónica Innovación Digital to Bring Players Onchain PLAY mentioned that the partnership intends to enhance the accessibility of Web3 technologies for Telefónica Innovación Digital users. Telefónica Innovación Digital is a platform under the Telefónica Group devoted to pushing innovation as well as tech development. PLAY will reportedly enable the onchain migration…
Samson Mow, Bitcoin proponent and the chief executive officer at the BTC adoption-focused company JAN3, has addressed his audience on the X platform (formerly known as Twitter) to share with them a BTC prediction. He revealed what may be the most likely key driver for the very first Omega candle, which will push the price of the world’s flagship cryptocurrency towards $1 million. His prediction has to do with Michael Saylor’s Bitcoin-focused company, MicroStrategy. Mow expects gamma squeeze on MSTR Omega candle is a short-time and a single-day bullish price movement depicted as a large green candle on charts that…
Seven years ago, Eddie Lobanovskiy designed the iconic XRP logo, symbolizing scalability and speed. Now, he’s back with a new creation: the XRP $ARMY logo. Lobanovskiy described it as “the helmet of courage, an unstoppable ‘X’ of strength,” symbolizing the power of the XRP Army. As he puts it, “The XRP Army is more than just a community—it’s a movement. We shall prevail.” XRP enthusiasts appreciated his efforts and thanked him for the logo. A user said, “Wow. I didn’t even know that you are behind the xrp logo. I was always fan of your work Eddie, but now you…
BTC’s rise to record highs earlier this week is expected to allow miners to extend their November profitability into December, according to a report by investment bank Jefferies on Wednesday. Bitcoin mining economics improved in November as the average price of bitcoin was 31% higher while the average network hashrate rose by almost 4%, the report said. The hashrate, representing the total computing power dedicated to a network, is a proxy for competition in the industry and mining difficulty. “Average daily revenue per exahash was $55,649, which represented a 20.7% month-on-month increase,” analysts Jonathan Petersen and Jan Aygul wrote. U.S.-listed…
Deutsche Bank AG is addressing regulatory challenges that banks face when using public blockchains, such as the risk of unknowingly transacting with criminals or sanctioned groups. According to a Bloomberg report the bank launched its test version of Project Dama 2, an asset servicing pilot, in November. This platform’s layer two system relies on public blockchains to provide a more affordable and efficient transaction. Boon-Hiong Chan, a Deutsche Bank Asia-Pacific innovation lead, said that the bank’s Layer 2 connects to Ethereum, one of the blockchain’s busiest networks. Deutsche Bank sees blockchain as a means to deal with margin pressures in…
A closely followed crypto trader believes Bitcoin (BTC) will hit its cycle peak well before people’s expectations. Pseudonymous trader The Flow Horse tells his 247,900 followers on the social media platform X that Bitcoin’s market peak this cycle could come in as early as the first quarter of 2025. “I don’t care what anyone else says. We are far closer to ‘the end for a bit’ than people want to admit. I would say within the first quarter. After big price moves, the chatter often shifts to even bigger moves – multiples of the current price. Ironically, that’s usually a…