Author: NBTC
Notable insights are beginning to emerge from the Bitcoin ecosystem that might explain the recent activities in the space. Analysis of Bitcoin whales’ activities has revealed interesting details. In a post on X, Ki Young Ju, CryptoQuant’s founder and CEO, says new whales currently hold 1.97 million Bitcoin. Institutional influence growing According to Young Ju, these new whales each possess over 1,000 BTC, in exchange-traded funds (ETF) and custodial wallets. Interestingly, these whales’ average holding period of the assets falls under 155 days. The HODLers are approximately five months into the market. New whale wallets now hold 1.97M #Bitcoin.Each has…
Optimism, Avalanche, and Arbitrum are leading a surge in crypto development activity across major blockchain ecosystems, according to Santiment. This growth, evidenced by increased GitHub events, signals a positive trend for the future of digital currencies. Santiment’s analysis shows substantial development gains across ten leading crypto ecosystems, highlighting their potential for innovation and expansion. These ecosystems include Solana, Harmony, Cosmos, BNB Chain, Polkadot, Ethereum, and Polygon. 🧑💻 Over the past year, all 10 of the top ecosystems in crypto have INCREASED their rate of development. The rising amount of notable github events from each of these ecosystems is an objectively…
An extraordinary transfer of more than $100 million in Bitcoin has shaken the cryptocurrency space, just within this hour. As became known thanks to a report from Whale Alert, the transfer of 1,475 BTC took place between several wallets, previously unknown to the service, with two key addresses, “3QYQ6” and “3MqUP.” Thus, the first address was the sender of the largest amount of coins, namely 1,205.93 BTC, which is equivalent to $82.3 million. The second address is the direct recipient of these coins. 🚨 🚨 🚨 🚨 🚨 1,475 #BTC (100,339,951 USD) transferred from unknown wallet to unknown wallethttps://t.co/La4x9rEsUw —…
On October 24, 2024, several cryptocurrencies experienced notable gains, with SAFE and UNFI leading the pack, posting remarkable 65.6% and 62.5% increases, respectively. These tokens have drawn attention for their rapid growth, as the market appears to react positively to ongoing developments in the decentralized finance (DeFi) space. SAFE, currently priced at $1.65 with a market cap of $815.4 million, saw its most significant surge on Bybit, where it is actively traded. DAILY GAINERS$SAFE +65.6% $UNFI +62.5% $BZZ +52.6% #VIRTUAL +34.8% $OOKI +26.2% $RPK +23.1% $GOAT +18.6% $MBX +15.6% $JTO +11.4% $DEEP +10.6%#dailygainers pic.twitter.com/jZCHQylSbZ — PHOENIX – Crypto News &…
Argo Blockchain, the publicly listed Bitcoin miner from Wall Street (NASDAQ: ARBK) and London (LSE: ARB), has secured £4.2 million ($5.3 million) through a share subscription. The BTC mining company issued approximately 76.9 million new ordinary shares at 5.5 pence per share to an institutional investor. The fresh capital will support multiple strategic initiatives, including the potential relocation or divestment of mining equipment from its Helios facility in Texas, while maintaining Bitcoin mining operations in Quebec. The funds will also advance the company’s planned expansion into high-performance computing (HPC). Thomas Chippas, Argo. Source: LinkedIn “This subscription strengthens our balance sheet…
As Bitcoin (BTC) seeks to break through the $70,000 resistance amid renewed bullish momentum, a cryptocurrency trading expert is warning investors to be cautious. Specifically, the recent momentum that has seen Bitcoin sustain its valuation above the crucial $65,000 level has the hallmark of being a bull trap, signaling an inverted correction, Alan Santana noted in a TradingView post on October 16. In the analysis, Santana compared Bitcoin’s growth from early August to the present, highlighting that the recent 39% rise is not a genuine bullish impulse but rather a deceptive rally. Unlike the bullish move in January 2024, where…
Crypto founders are accusing the Biden administration of using America’s banking system as a weapon to crush the crypto industry. The allegations, detailed in a heated discussion on X, center on accusations that banks were pressured to sever ties with blockchain firms. The firestorm began when Elon Musk asked his X followers, “Did you know that 30 tech founders were secretly debanked?” Operation Chokepoint 2.0: Crypto’s fight against financial censorship Tyler Winklevoss, co-founder of Gemini, jumped in with a blunt answer: “Yes. I was debanked because I’m in crypto, as was Gemini. The number is probably much larger than 30.…
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…
According to the data provided by the Shibburn transaction tracker which monitors SHIB burn transfers, in the past day, the SHIB army has managed to push the burn rate of their favorite meme cryptocurrency to an impressive new high. That was the result of burning several million Shiba Inu meme coins. Meanwhile, despite a large spike in the burn rate, the price did not respond to it positively, staging a 3% decline. Burn rate spikes by 65,529% The aforesaid data source shows that over the last 24 hours, the burn rate has increased by a mind-blowing 65,529.67%, with more than…
BTC For Palestine is the perfect example of an endeavor powered by Bitcoin that strikes right to the heart of what Bitcoin is supposed to be all about. Money functioning without trusted intermediaries. The entire point of Bitcoin was to give people a way to transact with their money that no one could disrupt, insert themselves into the middle of, or rent seek off of. That is the exact situation Gazans find themselves in for the last year. Completely cut off from the rest of the world, incapable of making any form of payment that isn’t using cash without depending…