Author: NBTC

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is currently experiencing a phase of neutrality in its market activity. According to a CryptoQuant analyst known as Darkfost, Ethereum’s netflow on Binance has reached a balanced state, with deposits and withdrawals stabilizing. So, what does this mean for ETH? A Signal To Buy Or Sell? According to the analysis shared by Darkfost, this current behavior seen in Ethereum’s netflow on Binance might indicate an “accumulation phase,” where investors refrain from significant transactions as they await a “catalyst” to guide their next moves. The CryptoQuant analyst wrote: Ethereum’s netflow on Binance has…

Koji Higashi, a prominent entrepreneur in the Japanese BTC crypto arena, has said that while many people in Japan believe Bitcoin is not backed by anything of value, the Japanese yen (JPY) is backed by citizens held hostage to the economy. Higashi’s sentiment strikes the root of a bigger, more controversial issue for Bitcoin fans: the political co-opt of cryptocurrencies. Japanese crypto entrepreneur and CEO of the Diamond Hands Lightning Network (LN) solution provider, Koji Higashi, has recently said that the Japanese people are being held as “hostages” to a faltering JPY. Higashi has a rich record of crypto projects…

The enigmatic Shiba Inu lead developer Shytoshi Kusama has taken to his official account on the X social media platform (widely known as Twitter in the past) to deliver a message to the SHIB army. This message mentions “Growvember” which may hint that the SHIB lead expects the ninth month to be bullish not only for the crypto market in general but for Shiba Inu and other Shibarium tokens in particular. He also refuted the rumor about TREAT token being out and trading on ShibaSwap. SHIB lead’s message to SHIB army Shytoshi Kusama published an anime-style animated GIF, adding his…

Immutable has announced a strategic partnership with Altura, a web3 infrastructure platform focused on the gaming industry. According to an announcement, Immutable (IMX) and Altura will collaborate to introduce a new marketplace and solutions designed to enhance the player-driven economy in blockchain gaming. The partnership will integrate Immutable’s Passport and Checkout infrastructure across gaming projects, extending these features to the Ethereum (ETH) gaming ecosystem. You might also like: Elympics: Web3 gaming adoption is driven by platforms like Telegram Web3 gaming projects on Altura will also participate in Immutable’s zkEVM Main Quest program. Altura will contribute $5 million to the initiative,…

Ozean, a Real-World Asset (RWA) blockchain protocol launched by Clearpool, has announced a strategic partnership with Nexade to launch on-chain SME invoice financing. Nexade is a RWA protocol, specializing in connecting blockchain with trade finance. By joining their forces, they aim to bring up to $100 million in invoice financing opportunities for small and medium enterprises (SMEs) through Ozean’s ecosystem. Nexade Unlocks New Financing Opportunities for SMEs Nexade, a subsidiary of Incomlend, has been a pioneer in the global invoice financing market. It has enabled SMEs to access flexible working capital solutions. Incomlend is supported by Peak XV Partners and…

Gold led bitcoin higher in 2020, setting record highs in August 2020. BTC followed suit in December. Gold has seen over 1 million ounces of inflows into its ETF products in the past seven trading days, the highest amount since October 2022. U.S. bitcoin ETFs have seen $2 billion of inflows over the past seven trading days. At the same time, iShares Bitcoin Trust has seen $1.7 billion in net inflows in the same period. Bitcoin (BTC) traders seeking insights into when the world’s largest token might hit new lifetime highs should consider pulling up gold’s price chart on their…

While the Swiss National Bank (SNB) is steamrolling with its experiments on a central bank digital currency (CBDC), the latest reports indicate that the banking regulator will adopt a cautious approach in rolling out SNB Bills. In an economic note, the central bank stated that rolling out digital SNB Bills to be settled in wholesale CBDCs has indicated early promise for participants. However, the paper notes that including the process in monetary policy may open a whole new can of worms for the SNB and other financial institutions in the country. The study involving digital SNB Bills forms part of…

Toncoin (TON) whales are coming back to life, as showcased by the actual trend in 24-hour volume. Per data measured by IntoTheBlock, the total large transaction volume registered on Toncoin in the past 24 hours is up 90.78%. This metric skyrocketed despite the dropdown in a similar trend for its core rivals in the top 10 most capitalized coins. Toncoin whales: True picture According to IntoTheBlock data, Toncoin whales have registered a total of $7.94 billion over the past 24 hours. By comparison, the bigger Ethereum chain has seen a similar metric drop by more than 10%, with a volume…

Reserve Bank of Australia (RBA) Governor Michele Bullock recently delivered a blunt critique of crypto, stating digital assets like Bitcoin hold no role in Australia’s economy. “Don’t call it an alternative currency,” Bullock said at the Australian Securities and Investments Commission (ASIC) annual forum on Thursday. “It’s not a currency, it’s not money; it’s being used as some sort of asset class. I don’t really see a role for it in the Australian economy or payments system.” The governor’s comments come as the world’s largest crypto rallied to nearly $100,000 last week, driven partly by Donald Trump’s re-election and a…

Shawn Oroogle, a member of the World Economic Forum, recently raised questions about rumors suggesting a potential announcement regarding an alliance between XRP, Hedera (HBAR), and Goldman Sachs. While Shawn acknowledged that it was just a rumor and stated that he was “gathering more evidence,” he did not provide any concrete reasons to speculate. However, his tweet has sparked interest in the crypto community, especially among the XRP Army. Many have expressed excitement that something “big” could be on the horizon for XRP. To fuel speculation, some have pointed to a past conversation between Ripple CEO Brad Garlinghouse and Hedera…