Author: NBTC
In a confusing press release that described a letter-of-intent, a penny stock called Nilam Resources announced that, along with Mauritius-based company Xyberdata, it would be acquiring a yet-to-be-established special purpose entity called MindWave so it can get its hands on 24,800 bitcoins. However, the letter doesn’t detail how it will obtain the billions of dollars worth of the cryptocurrency. The confusion around the acquisition is compounded by the current financial status of each firm, with Nilam Resource’s corporate snapshot projecting it will have only $2 million in earnings before interest, taxes, depreciation, and amortization (EBITDA). Xyberdata’s unaudited financial statements reveal…
SOL and BOME received the most crowd attention over the weekend, according to data tracked by Santiment. Both cryptocurrencies have outperformed ETH, BTC and the broader market in the past seven days. Increased crowd chatter may be a sign of an impending retail investor frenzy. Solana’s SOL and The Book of Meme (BOME), the meme coin built on Solana, were the top two trending tokens on crypto social media over the weekend, data tracked by Santiment shows. “$BOME and $SOL are the top two trending assets across X [formerly Twitter], Reddit, Telegram, and 4Chan due to their outperforming the markets…
The blockchain truly is a marvelous piece of technology. A mechanism to timestamp the order of digital information without needing to depend on a centralized operator. A decentralized mechanism with no one in charge, that provides undeniably cryptographic guarantees around what data was added to the temporal record in what order. This property is the entire reason Bitcoin is useful as a form of digital money, without it there would be no way for the system to function at all without a centralized authority. All of these guarantees are provided by three simple technical building blocks: private/public key cryptography, merkle…
VeChain showcases sustainability through partnerships like My StoryTM with DNV. Novak’s Phygital bridges physical and digital realms for enhanced engagement. VeChain tackles water pollution with the ReSea Project, promoting sustainability. VeChain and its community spotlight sustainability efforts, showcasing real-world impact through innovative partnerships. From digital product passports to waterway cleanup projects, VeChain’s diverse use cases exemplify its commitment to sustainability. Every blockchain use case is a testament to innovation, solving real-world problems across industries. From digital product passports to cleaning waterways, uncover the transformative stories and applications of #VeChain. Learn more: https://t.co/zlWQOoIECn pic.twitter.com/3QLLhdBcW7 — vechain (@vechainofficial) March 17, 2024 One…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. As the Argentine economy is racked by record inflation, its people are turning to Bitcoin as a way to protect their economic security. The Argentine Republic is currently experiencing the worst inflation rates in the world. The nation’s economy has experienced low levels of inflation, somewhere around 25%, for decades; yet the pandemic sharpened a downward trend to devastating effect. The…
Artificial Intelligence digital coins showcase increasing strength, with ongoing developments in the AI industry catalyzing notable price actions. Proponents believe the upcoming Nvidia conference will propel AI tokens this week. LOOK: #NVIDIA will launch a GPU Technology Conference on March 18-21 🔥This event will focused on AI, and will probably include various announcements 👀Keep an eye on AI Cryptos!$FET $RNDR $WLD $GRT $AGIX $TAO $OCEAN $TAO $AITECH $NMR $AKT $ARKM $THETA pic.twitter.com/r9m0Wix6gm — CryptoBusy (@CryptoBusy) March 10, 2024 Coinmarketcap data shows the market cap of AI cryptos increased by 15% within the past day, with associated digital coins recording substantial…
A trader known for several accurate crypto market calls says that Bitcoin (BTC) could soar beyond $160,000 this bull cycle if its current market structure holds up. Pseudonymous analyst Dave the Wave tells his 143,000 followers on the social media platform X that based on Bitcoin’s price action from 2020, the crypto king could hit $160,000 before May and continue to soar. “A BTC $160,000 target, should we see a continued parabolic run, is actually quite conservative on this comparison.” Source: Dave the Wave/X Dave the Wave uses his own version of logarithmic growth channels (LGC) to attempt to forecast…
Bitfinex, an iFinex-owed crypto exchange, has recently disclosed the platform’s “reduced performances” and announced a temporary suspension of trading. In a recent X post, Bitfinex updated that the platform would resume trading at 2:45 AM UTC after the successful completion of maintenance. Our maintenance is nearing a successful completion and the Bitfinex platform will be returning in view-only mode with the option to cancel orders at 2:40 AM UTC, before trading opens at 2:45 AM UTC. Thank you for your patience. https://t.co/KjGkFaNQBl — Bitfinex (@bitfinex) March 30, 2024 In the preceding post, Bitfinex invited the community’s attention to the ongoing…
Bitcoin, the prominent crypto token, has been making huge price uptrends lately. However, during the respective journey, the top crypto coin has also gone through some significant price crashes, raising speculations about the potential causes.A popular crypto statistics provider Kaiko recently provided some exclusive insights regarding this development. #Bitcoin has experienced flash crashes at least twice in the past few weeks.On March 18, the BTC-USDT price on Bitmex temporarily crashed to $7.8K, while it was trading at $66K on other exchanges. pic.twitter.com/MYxB5cdtBe — Kaiko (@KaikoData) March 26, 2024 Kaiko Discloses a Couple of Bitcoin Price Dips Over the Recent Weeks…
Amid Solana’s meteoric rise past the $200 mark, Lookonchain’s latest report unveils a significant development: whales are cashing out. Identified by the pseudonym “BU6N2Z,” a whale has unloaded a staggering 200,000 SOL, totaling approximately $39.85 million, onto Binance over the past 48 hours. Despite this substantial sell-off, the address retains a hefty 1.62 million SOL in its portfolio, valued at an impressive $323 million. Of this stash, 387,000 SOL, worth $77 million, rests in their wallet, while a staggering 1.23 million SOL, equivalent to a staggering $246 million, is staked. The surge in whale activity coincides with Solana’s remarkable ascent…