Author: NBTC
In a surprising turn of events in the crypto sector, a whale has witnessed a huge loss. As per Onchain Lens, the crypto whale deposited up to 5.09M $THE tokens into the prominent crypto blockchain Binance just to see $1.8M in losses. The on-chain analytics provider disclosed this development on the social media platform X. A whale has deposited 5.09M $THE worth $4.66M into #Binance, incurring a loss of $1.8M.The whale accumulated these tokens over the past 12 days for $6.46M.Address: 0xa595860d3faacebc6203a21b1e73f75bdc4da8f9 pic.twitter.com/aRnm0EdelF — Onchain Lens (@OnchainLens) January 19, 2025 Crypto Whale Sees $1.8M in Losses after Depositing 5.09M $THE…
Nayib Bukele, El Salvador’s iconic Bitcoin-loving president, just fired shots at former US Senator Bob Menendez, who was sentenced to 11 years in prison on Jan. 29 after investigators found gold bars and half a million in cash hidden in his house. Nayib couldn’t resist pointing out the absurd irony. “This guy said we used Bitcoin for money laundering and corruption,” he said in a post with a laughing emoji. Binance founder Changpeng “CZ” Zhao and X owner Elon Musk himself both reposted the post. For years, Menendez hounded Nayib over El Salvador’s Bitcoin Law, accusing the country of financial…
Swap volumes on XRP Ledger’s decentralized exchange (DEX) crossed the $400 million mark in January as the network gains traction among larger players, Ripple Labs CEO Brad Garlinghouse said in a community call on Wednesday, Volumes average over $17 million daily this month, with over $1 billion since its 2024 launch. The rapid expansion of the XRP Ledger’s DEX was one of the key reasons that made 2024 “one of the most monumental years for Ripple,” Garlinghouse said, alongside the “early but promising traction” of Ripple’s US dollar-pegged stablecoin, RLUSD, along with multiple filings for proposed XRP exchange-traded funds (ETFs).…
Jan 31 (Reuters) – Toronto-based bitcoin miner Bitfarms (BITF.TO), opens new tab has enlisted two consultants to explore how it can transform some of its facilities to meet the growing demand for artificial intelligence data centers, it said on Friday. WHY IT’S IMPORTANT Crypto miners often own large plots of land and significant power resources — assets that are also crucial for high-performance computing (HPC) and AI data centers. To capitalize on the AI boom, many miners have begun to repurpose parts of their operations into data centers, given they already have most of the infrastructure. Critics of the approach,…
Bitcoin has bounced back to $94,000 following reports that Donald Trump is preparing to sign pro-crypto executive orders on his first day in office. These orders could overturn key regulatory measures, including the SEC’s Staff Accounting Bulletin 121 (SAB 121). Trump is Reportedly Preparing to Overhaul Crypto Regulations Starting Day One According to The Washington Post reports, the orders are expected to address major challenges faced by the crypto industry, such as banking restrictions and the controversial SAB 121. This SEC bulletin requires companies holding cryptocurrencies for clients to record those assets as liabilities on their balance sheets. “The SEC…
The European Union is accelerating its digital euro initiative in response to a recent executive order from the U.S. President Donald Trump. The order, which promotes the expansion of U.S. dollar-backed stablecoins globally, has intensified concerns in the eurozone about the growing influence of the dollar. With USD stablecoins already comprising 97% of the worldwide market, European policymakers worry that their increasing adoption could diminish the euro’s role in international finance. Officials at the European Central Bank have voiced apprehensions regarding the impact on the banking sector. ECB board member Piero Cipollone, on January 24, noted that stablecoins could attract…
The $59.4M SOL transfer showcases the significant impact whales have on market dynamics, as their movements often hint at broader market trends or strategic shifts. The large transfer into Solana suggests rising confidence in its blockchain, potentially pointing to staking opportunities or strategic diversification. Speculation about links to Trump Coins highlights how interconnected crypto markets are, with portfolio rebalancing driving significant fund movements. An extensive transfer of 216 thousand SOL worth close to $59.4 million has been recognized by cryptocurrency experts and traders.Such a big transaction triggered other people’s speculations about the possibilities of some whales selling Trump Coins to…
Takumi Niwa, a 30-year-old Japanese table tennis star and 2021 Tokyo Olympic bronze medalist, was arrested on suspicion of illegal online gambling using crypto. Japan’s Olympic Star Involved in Crypto-Driven Online Gambling According to the Chiba Prefecture Police, the Olympic medalist was transferred to the prosecutor’s office on the 29th after he admitted the relevant charges during the voluntary interrogation. As per local media outlets, Niwa allegedly placed bets on sports game outcomes through overseas online casinos, which are banned under Japanese law. During voluntary questioning, he reportedly admitted to the charges, stating, “I didn’t know it was illegal, and…
TRIV, an Indonesian crypto exchange, has launched TRIV Crypto Futures, in partnership with Commodity Futures Trading Supervisory Agency and the Indonesian Crypto Exchange. On Jan. 30, TRIV has launched a new feature on their crypto trading application, TRIV Crypto Futures. Indonesian traders can now access the futures market in accordance with local regulations and trading standards. With the launch of TRIV Futures, TRIV platform users can now trade crypto derivatives with a variety of crypto assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and others. The platform offers up to 25x leverage on its perpetual contracts, which could increase…
Bitcoin (BTC) briefly lost the $90,000 level to hit $88,900 on Jan. 13 after falling nearly 7% amid the macroeconomic uncertainty gripping the markets, according to Bitfinex’s latest Alpha report. The report noted that the price drop coincides with a reversal in market sentiment. Spot Bitcoin exchange-traded funds (ETFs) experienced net outflows on 7 of the last 12 trading days. Despite a strong start to the year, marked by nearly $1 billion in inflows on Jan. 3 and Jan. 6, momentum reversed with $718 million in outflows on Jan. 8 and Jan. 10. These developments coincide with macroeconomic pressures, including…