Author: NBTC
Bitcoin famously has a coded limit on how many of the asset can be mined going forward — an even 21,000,000 coins. At time of publication, more than 19.6 million of those 21 million bitcoins have been mined, meaning that 93% of all bitcoins that will ever be produced already have been. While it’s impossible to determine exactly how many bitcoins have been lost — estimates range from 20% to nearly 40% — these lost coins play a crucial role in determining how widespread and evenly distributed ownership of the currency is. In this sense, what’s good for Michael Saylor…
The IOTA Foundation collaborates with ETO GRUPPE on innovative projects integrating smart traffic sensors and gateway boxes. Acquisitions of Farmunited GmbH and Ecotech further enhance ETO GRUPPE’s Agtech and sensor technology offerings, with plans to transition to the IOTA mainnet in 2024. The IOTA Foundation has been at the forefront of key initiatives concerning traffic management and smart city solutions. The IOTA DLT finds its place in yet another such application and shall be working with the ETO GRUPPE on integrating smart traffic sensors. Benjamin Bonisch, the Senior Vice President of Digital Products & Services at ETO GRUPPE, revealed the…
eToro is seeking to be regulated in Singapore and has already submitted an application an application to obtain a license from the Monetary Authority of Singapore (MAS), Finance Magnates has learned. The Israeli broker confirmed that its application with the city-state regulator is “in process.” However, it did not provide any further details on the sought-after license. Although headquartered in Israel, eToro has a global presence. The broker is regulated and registered in some form or another in the United Kingdom, Cyprus, the Netherlands, France, Spain, Italy, Malta, the UAE, Australia, Seychelles, the United States, and Gibraltar. It also received…
Bitcoin price started a strong recovery wave from the $60,800 zone. BTC is up nearly 10% and now facing hurdles near the $68,800 resistance. Bitcoin price started a decent increase from the $60,800 support zone. The price is trading above $64,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $65,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $68,800 resistance zone to start a fresh uptrend. Bitcoin Price Recovers 10% Bitcoin price extended its decline below the $62,500 zone.…
Ripple CEO Brad Garlinghouse recently reiterated the importance of real-world utility in the crypto scene amid the euphoria triggered by XRP’s 20% spike above $0.74. Despite the market-wide uptrend, XRP has performed below expectations, trading underneath $0.70 while other assets record double-digit gains. Before now, the asset’s highest price was $0.6685 on March 5, the day Bitcoin (BTC) first breached the previous cycle’s ATH. Following the surge to $0.6685, XRP saw a massive 8% collapse below $0.60. However, amid the escalating concerns, the cryptocurrency witnessed a golden cross on the daily timeframe, with the 50-day EMA pushing above the 200-day…
The valuation of bitcoin (BTC) tapped the $68,000 mark merely 17 hours following its dip to $60,760 per unit. Following the latest Federal Open Market Committee (FOMC) session, the entire crypto market has seen a 5.9% upturn, with bitcoin rising 6.8% versus the U.S. dollar. Crypto Market Liquidations Reach $444 Million as Long and Short Positions Face Shakeup Post a significant downturn on Tuesday and the FOMC convening, which concluded with the U.S. Federal Reserve upholding the existing benchmark interest rate, BTC experienced a notable increase from the $65,500 range to $68,058 per coin by 6:15 p.m. Eastern Time (ET)…
Mario Nawfal, a crypto investor who hosts the largest show on X, has disclosed his changed perception regarding Shiba Inu. In a recent post on X, Nawfal revealed his long-held reservations for meme-inspired cryptocurrencies like Shiba Inu. Per the disclosure, he has opposed such aspects of cryptocurrencies for years. However, recent developments surrounding Shiba Inu have prompted Nawfal to reassess his stance on meme-inspired cryptocurrencies, leading to a change of heart. 🚨 @ShytoshiKusama speaks for the second time EVER! I’ve always been against meme coins for years, but my perception is changing as more projects create utility on what begins…
Bitcoin’s price was heading south for several consecutive days, culminating in a price dump below $61,000 yesterday amid fears of what the US central bank will announce in regards to its monetary policy. However, the asset went on a roll yesterday after the Federal Reserve outlined no significant changes. The rest of the market followed suit. CryptoPotato reported yesterday morning’s price declines, which drove BTC to its lowest price tag in over two weeks of under $61,000. This transpired amid the ongoing profit-taking by a certain cohort of investors, such as miners, the significant spot Bitcoin ETF outflows, and the…
The petition to have Grayscale Investments launch an ETF product for Shiba Inu (SHIB) is gaining momentum. In just weeks, the proposal has received 5,761 signatures. The Shiba Inu community has continued to show resilience in its quest to have a top asset manager like Grayscale Investments launch an ETF product for SHIB. Shiba Inu ETF Petition Gains Momentum Recall that the community raised a petition directed at Grayscale in February, urging the asset manager to launch an ETF specifically for Shiba Inu. The petition titled “Proposal for a Shiba Inu (SHIB) ETF by Grayscale Investments” was introduced on February…
Timing can be crucial when it comes to investing in cryptocurrencies like Bitcoin (BTC). Many investors wonder if there is a best day to buy Bitcoin to maximize their returns. In this article, we will explore various factors that can influence when to buy Bitcoin and provide insights to help you make informed decisions. Is Bitcoin considered volatile? BTC is notorious for its price volatility. Unlike traditional assets such as stocks or bonds, BTC’s price can fluctuate significantly within a short period. This volatility is driven by various factors, including market demand, regulatory developments, investor sentiment, and macroeconomic trends. Due…