Author: NBTC

Samson Mow, Jan3 chief executive and a vocal believer that Bitcoin will ultimately reach the $1 million level, has made a bullish prediction regarding spot Bitcoin ETFs for this week. Mow’s bullish ETF prediction Exchange-traded funds based on the spot Bitcoin price were approved by the SEC regulator in the middle of January after many months of anticipation by the companies that launched those funds and the whole global Bitcoin community. Since the trading began, ETFs started scooping up monstrous amounts of Bitcoin from the market. On peak days, these purchases went as high as more than 10,000 BTC. The…

Renowned cryptocurrency tracking platform Whale Alert, which traces large crypto transactions and shares their details on the X social media app (formerly widely known as Twitter) has announced that more than a hundred million Dogecoin has been deposited to a popular investment platform Robinhood. On Friday, a slightly smaller amount of DOGE was moved to the same platform, according to the aforementioned tracker, which makes it approximately 200 million DOGE sent to Robinhood within the last two days. 200 million DOGE deposited to Robinhood, Elon Musk suspected Tweets published by the tracker show two massive amounts of crypto that were…

The FTX bankruptcy saga, which has ensnared over a million investors, may soon see a ray of hope. The estate’s goal is to kick off reimbursements by late 2024. This plan emerged from a recent gathering of FTX Digital’s Joint Official Liquidators in the Bahamas. They are navigating through a dual bankruptcy process in the United States and the Bahamas. FTX Aligns Bankruptcy, Liquidation for Creditor Ease The unraveling of FTX, prompted by the financial misdeeds of co-founder Sam Bankman-Fried, left many in despair. Yet, the bankruptcy proceedings, involving Chapter 11 in Delaware and official liquidation in the Bahamas, are…

Bitcoin mining businesses generated their highest-ever monthly revenue in March, raking in over $2 billion in block rewards and transaction fees. This shatters the previous record of $1.74 billion set back in May 2021. JUST IN: #Bitcoin Miners hit a record $2 billion in monthly revenue, highest ever. Halving coming in hot in 2 weeks 🙌 — Bitcoin Magazine (@BitcoinMagazine) April 2, 2024 Of the $2 billion earned last month, around $85 million came from transaction fees, while $1.93 billion was from the block subsidy. (Miners receive compensation both for validating transactions and minting new bitcoins.) The block subsidy, paid…

D’CENT Wallet, a leading cryptocurrency wallet, has announced a significant expansion of its support for the Astar Network. With the integration of zkEVM technology, D’CENT Wallet now offers comprehensive asset management for users within the Astar ecosystem. The latest development will improve the wallet and provide multiple benefits to its users. D’CENT Wallet’s Enhanced Features for Astar Network Management The recent update from D’CENT Wallet introduces several key features for managing assets on the Astar Network. First of all, users can securely store, send, and receive $ASTR tokens directly within their D’CENT Wallet. It means that there will be no…

With the Bitcoin halving less than 25 days away, the number-one cryptocurrency is nearing its all-time high again, breaking $70,000 again after a week-long downturn. According to CoinGecko, Bitcoin is trading at $70,561, up 9% in the last 24 hours and 5.5% over the last seven days. The last time Bitcoin was above $70,000 was March 14 before the digital asset began to slide and subsequently went on a wild ride consisting of ETF outflows, cryptocurrency exchange flash crashes, and inflation. Earlier this month, Bitcoin dropped 3% on news that the U.S. inflation rate in February was worse than expected.…

Bad Idea (BAD), Shiba Inu artificial intelligence partner, has taken to X to provide an update about its AI chatbot developed for the SHIB army. According to an announcement yesterday, the BAD/SHIB AI chatbot has debuted on the Shiba Inu official global channel and 28 SHIB-related ecosystem rooms on Telegram. Bad Idea Expands Its Chatbot Coverage Notably, the total number of users across these Shiba Inu-related Telegram channels was around 105,000 at the time of the post. Overall, the AI chatbot has now been deployed across 250 Telegram channels with nearly 250,000 users. The thing to note is that the…

Crypto trading volume has tumbled 75% from March’s high as frenzied trading in altcoins eased off. The slowdown raises a question about the sustainability of lofty market valuations for coins other than bitcoin and ether, Matrixport said. Daily trading volume on South Korea’s biggest cryptocurrency exchange has tumbled 75% from this year’s high in a sign that frenzied trading in alternative cryptocurrencies (altcoins) has fizzled and digital assets other than market leaders bitcoin (BTC) and ether (ETH) may struggle to maintain lofty valuations. Upbit, which lists 192 cryptocurrencies and offers trading in 309 pairs, registered just $3.79 billion of volume…

Arkon Energy US Holdco LLC, a leading player in Bitcoin mining infrastructure, has placed a significant order with Bitmain Development Pte. Ltd. for 27,700 new-generation Bitcoin mining machines, according to a press release sent to Bitcoin Magazine. This purchase includes 14,200 T21 machines and 13,500 S21 machines, with deliveries slated to commence in June 2024. “We are very excited to announce the purchase order of 6 EH/s worth of new generation Antminer S21s and T21s from Bitmain,” said Founder and Chairman, Josh Payne. “This transaction marks a turning point for Arkon, as we become a vertically integrated operator of both…

In a landmark development, GF Securities, a leading investment banking giant based in Hong Kong, has announced the launch of Hong Kong’s first tokenized commercial paper on the Ethereum blockchain. This move, reported by the HKEJ, seeks to introduce a major advancement in the local digital asset ecosystem and also cement Hong Kong’s position as a leader in the integration of traditional financial systems with blockchain technology. For the uninitiated, tokenization involves the conversion of the rights to an asset into a digital token on a blockchain. GF Securities’ initiative is a response to the growing global interest in the…