Author: NBTC
On Wednesday, as bitcoin soared to an intraday peak of $68,388 per coin, a wallet from 2011 suddenly sprang to life after lying dormant for over 13 years, spending 150 BTC, valued at $10.17 million. This latest awakening follows the movement of 100 BTC from a similar 2011 address just two days earlier. Bitcoin Wallet From 2011 Sends $10M in BTC After 13-Year Slumber Seeing wallets from 2011 reawaken is a rare spectacle, but October has already brought two such events. While old bitcoin rarely moves, rising prices seem to coax these long-hidden coins back into circulation. On Oct. 16,…
Dog-themed cryptocurrency Dogecoin (DOGE) has seen $1.17 billion in large transaction volume over the past 24 hours, according to IntoTheBlock data. This represents 8.33 billion DOGE in crypto terms. This figure, though significant, represents a 7.54% decline from the previous day, highlighting a concerning trend for the cryptocurrency. In the last seven days, Dogecoin’s large transaction volume has been on a downward trajectory. On Oct. 21, Dogecoin saw a high of 12.87 billion DOGE in large transactions. This spike was short-lived, as the volume began to decline shortly after. Looking at the broader picture, the decline started on Oct. 16,…
The Central Bank of Brazil (BCB) has unveiled a regulatory proposal prohibiting centralized exchanges from allowing users to withdraw stablecoins to self-custodial wallets. According to the public consultation notice, the transfer of stablecoins — called “tokens denominated in foreign currencies” — between residents would be restricted in cases where Brazilian law already allows payments in foreign currencies. The BCB shared in a statement: “The initiative reflects our commitment to adapting the financial system to the realities of digital assets while safeguarding the integrity of international capital flows.” The move is part of the crypto regulation bill approved in Brazil in…
Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) amid a rally that has seen Bitcoin go up by nearly 15% over the past six days. Svenson tells his 80,000 YouTube subscribers in a new video that the Relative Strength Index (RSI) indicator, a momentum oscillator used for identifying oversold or overbought conditions, is flashing a bullish signal on the weekly time frame. “…every time you get a major weekly RSI breakout, the trend usually becomes ultra bullish… …the weekly RSI breakout led to a huge run and now Bitcoin once again has shown us that exact signal,…
Just weeks before its token launch and airdrop, the developers of popular Telegram tap-to-earn combat game MemeFi have announced a shift to the Sui network, along with other details around the upcoming token launch. MemeFi was previously being built on Ethereum layer-2 scaling network Linea, but the team said Friday that the game’s token will launch on layer-1 network Sui instead. The developers said they’ve teamed up with Sui network creator Mysten Labs on strategic initiatives around the launch, including marketing efforts and plans to showcase the broader Sui ecosystem. “MemeFi will help Sui integrate into Telegram (and the plans…
A coalition of Canadian media organizations has launched a lawsuit against OpenAI, claiming the company’s ChatGPT product infringed copyrights by utilizing their journalism without authorization, according to a Nov. 29 court filing. The plaintiffs include prominent outlets such as CBC/Radio-Canada, The Toronto Star, and The Globe and Mail. They are seeking damages and an injunction to prevent OpenAI from continuing to use their content. The lawsuit, filed in the Ontario Superior Court of Justice, accuses OpenAI of extracting and profiting from Canadian news content without permission. The group alleged: “OpenAI is capitalizing on the use of our content, disregarding copyright…
The crypto market sentiment is seeing a major shift as leading digital assets continue their bullish momentum. According to data provided by CoinMarketCap, the crypto fear and greed index entered the 60 zone today, signaling slightly greedy market conditions. BTC price and crypto fear and greed index – Oct . 17 | Source: CoinMarketCap This is the first time the crypto market has hit the greed zone in six weeks—last seen on July 31. The major drop happened in early August as the Bitcoin (BTC) price plunged below the $54,000 mark. The recent market-wide rebound came on the back of…
The conditions Charles Schwab is waiting for before jumping headfirst into crypto could take shape soon, potentially bringing another big fish into the mix in a more substantial way. The company currently allows investors to trade spot bitcoin and ether ETFs on its platform, as well as crypto futures contracts and options on certain BTC funds. “We also would like to directly offer crypto and Schwabize the crypto market, which is to take a lot of the spread and the commissions out of the crypto area to create a better deal for clients,” incoming Schwab CEO Rick Wurster said in…
Ripple’s recent 200M XRP sale could cover its SEC lawsuit penalty threefold. Pro-XRP lawyer claims XRP’s market cap may have already surpassed Solana’s. As market tracking platforms underreport XRP’s actual $118B market cap after recent surge. Ripple’s XRP has just flipped Binanace (BNB) to become the 5th largest crypto with its price hitting $1.91 and a market cap close to $109 billion. This surge comes after Ripple’s favorable ruling in its case against the SEC. While Pro-XRP lawyer Bill Morgan recently revealed that Ripple could easily cover its lawsuit penalty. He also pointed out a key market cap discrepancy, claiming…
Finally confirming a significant breakout above $67,000, Bitcoin (BTC) may be about to experience a change in momentum. BTC looks to be gaining significant strength, and traders are beginning to focus on the next important price levels as On-Balance Volume (OBV) confirms the breakout across Binance and other major exchanges. The psychological barrier of $70,000 is the first level you should watch. In the past, sellers have tended to intervene in this area as a point of resistance. Considering the momentum thus far, breaking through this level may set off a rapid upward move that could result in a new…