Author: NBTC
Some bitcoin traders were spooked as Tesla on Wednesday moved its BTC stash for the first time in over two years. So far, though, none of the bitcoins have apparently made it to exchange wallets or were swapped for stablecoins. Here’s some reasons why companies may move their digital assets. Elon Musk-controlled Tesla (TSLA) created ripples earlier this week as it moved over $750 million worth of bitcoin (BTC) to new wallets after nearly two years of the stash being untouched. The action sparked conversation around Tesla’s/Musk’s intentions and concerns of further selling pressure. The electric carmaker as of the…
Bybit, in collaboration with Blocks Scholes, released its latest weekly derivatives analytics report, revealing that Ethereum (ETH) has recently surpassed Bitcoin (BTC) in key trading metrics. According to CoinMarketCap, Ethereum is among the top gainers in the cryptocurrency market. This surge in ETH’s performance is attributed to news regarding US SEC Chair Gary Gensler’s upcoming departure at the end of the Biden administration’s term. Investors are optimistic about a potentially more crypto-friendly SEC Chair after Gensler’s exit on January 20, 2025. The report highlights that ETH has outperformed BTC in open interest. Data shows a decline in open interest for…
The broader digital currency ecosystem is a major hotspot, and Charles Schwab is set to jump on the bandwagon. According to a spokesperson for the $7.13 trillion asset management firm, it is ready to commence crypto trading as soon as regulatory clarity is secured. Charles Schwab difference Many asset management firms are starting to offer crypto to their clients. As shared in a scoop spotlighted by ETF Store President Nate Geraci, some of Schwab’s clients are beginning to demand crypto-related products. While the firm has yet to give an official update on its move for crypto, the spokesperson confirmed that…
Cryptocurrency analytics firm Santiment has published a list of ERC-20 altcoins that crypto developers have focused on the most over the past 30 days. Analysts obtained the data by examining the Github code changes of open-source cryptocurrency projects. Here are the ERC-20 altcoins and developer scores that developers have focused on the most in the last month, according to Santiment: Chainlink (LINK) – 649 Ethereum (ETH) – 342 Status (SNT) – 270 sUSD (SUSD) – 257 Synthetix (SNX) – 257 Decentraland (MANA) – 173 Lido DAO Token (LDO) – LDO Phantom (FTM) – 121 Audius (AUDIO) – 113 Injective (INJ)…
The Solana blockchain community has voiced concerns about Coinbase, citing prolonged transaction delays for the network. On social media platform X, screenshots shared by several Solana users revealed that transactions on the blockchain took up to 45 minutes to process. This delay was significantly longer than that of networks like Base, Algorand, Arbitrum, and Avalanche. In response, Coinbase’s support attributed the delays to wallet maintenance or blockchain issues, implying that Solana’s infrastructure was the root cause. This explanation sparked frustration within the crypto community, with some members accusing Coinbase of downplaying Solana’s capabilities in favor of its Base network. Solana…
BlackRock, the giant investment firm with over $11.5 trillion in assets under management, has continued to record remarkable performance on the crypto market. In the past three days, BlackRock’s iShares Bitcoin Trust (IBIT) has raked in millions to keep the asset manager in its leadership position. Massive surge in Bitcoin ETF investments Nate Geraci, President of the ETF Store, says the iShares Bitcoin ETF has earned over $760 million in the past three days. This signals the growing interest of institutional and retail investors in Bitcoin. iShares Bitcoin ETF has now taken in $760mil in past 3 days…*$760mil*Now $22.5bil since…
Low-income households in the United States are turning crypto profits into opportunities for homeownership, as revealed by a Nov. 26 report from the Office of Financial Research (OFR), a US Treasury Department research arm. Samuel Hughes, Francisco Ilabaca, Jacob Lockwood, and Kevin Zhao conducted the study based on tax data. It offers a crucial look at how crypto is shaping financial behaviors in economically vulnerable communities. Mortgage and auto-debts The report noted the rise of “high-crypto” areas, defined as zip codes where over 6% of households reported crypto holdings in tax filings. These regions have seen a significant uptick in…
The Scroll ecosystem has been plagued by controversy following the suspected rugpull of Essence Finance, a stablecoin project within the network. Essence Finance’s stablecoin CHI has fallen more than 98% in the past 24 hours to $0.077 amid concerns that more than $20 million in collateral may have been stolen. CHI fiyatında yaşanan ani düşüşü gösteren grafik. The last communication from the project was a tweet sent on September 11, further raising suspicions. Essence Finance’s audit report had previously been linked to FEI Protocol V2 and was under review in light of recent developments. The sharp decline in CHI’s value…
Your digital fortune can transform into real money, and you can enjoy a nice outing with your friends. Turning your crypto coins into cash might seem hard, but it’s a straightforward process. At this time, many cryptocurrency users are interested in knowing the methods of bringing their digital crypto assets to the real world. This article will discuss how you can turn crypto into cash, methods to exchange cryptocurrency for cash, and some considerations before initiating this exchange process. Table of Contents Why convert cryptocurrency to cash Can cryptocurrency be converted into cash? Methods to Exchange Cryptocurrency for Cash Steps…
The US Customs and Border Protection (CBP) is holding specific imports of Antminer ASIC miners at various ports across the country. Seven US-based bitcoin mining companies, who spoke anonymously, claimed that the Federal Communications Commission (FCC) had directed the CBP to hold certain deliveries of Bitmain ASIC miners. Interestingly, other Chinese producers of ASIC mining equipment, like MicroBT and Canaan, have not been subjected to the same treatment. Miners Face Months-Long Delay According to Blockspace’s latest report, some shipments have been delayed for up to two months. The hold-ups occurred at ports across the country, including those in San Francisco…