Author: NBTC

MicroStrategy (MSTR) reported a second quarter net loss of $102.6 million or $5.74 per share versus income of $22.2 million or $1.52 per share one year earlier. The loss came as the company took an impairment charge on its bitcoin holdings of $180.1 million versus $24.1 million in the second quarter a year ago. Led by Executive Chairman Michael Saylor, the company disclosed July 31 bitcoin holdings of 226,500 tokens, up a handful of coins since the latest purchase announcement in mid-June. Those 226,500 bitcoins were acquired for $8.3 billion or an average of $36,821 per token. At the current…

IOTA is nearing its 10th anniversary and has achieved significant global adoption and technological development. The integration with Ethereum Virtual Machine (EVM) is set to boost IOTA’s DeFi ecosystem with over $30 million in liquidity. According to a tweet by Colin Brown, a blockchain researcher, IOTA, one of the Layer 1 (L1) blockchain projects, is nearing its 10th anniversary. This milestone represents major advances in global adoption and technological development. With real-world applications spanning Kenya, the UAE, the EU, and the UK, IOTA has established a strong presence in the government and enterprise sectors. 🔥 @DomSchiener on #IOTA’s 10-year journey:…

In a lengthy thread on the X social media, Bitwise CIO Matt Hougan predicted that the price of Bitcoin, the leading cryptocurrency, could still be “heading higher” after adding 9,700% over the past 10 years. The cryptocurrency recently came under renewed selling pressure, plunging below the $63,000 level. However, many analysts believe that it could potentially soar into six-figure territory this year. Hougan believes that Bitcoin has value since it offers the ability to store wealth in a digital format without relying on any centralized entity. This can be viewed as any other service of the likes of Salesforce. Instead…

On-chain data shows a particular Bitcoin whale who accumulated almost $400 million between July 30 and 31. This whale is believed to have purchased the flagship crypto, having seen an opportunity to profit massively thanks to Bitcoin’s recent price action. Bitcoin Whale Purchases Almost $400 Million Worth Of BTC On-chain analytics platform Lookonchain revealed in an X (formerly Twitter) post that a Bitcoin whale (12QVs…oN2qo) has withdrawn 5,800 BTC ($387.88 million) from Binance in the past two days. This purchase suggests the whale anticipates higher prices from the flagship crypto soon enough and is looking to profit from such a…

A top analytics platform, Phoenix Group, has recently shared the list of prominent DePIN projects in terms of social activity. DePIN narrative is among the top 5 crypto narratives in this bull run. Phoenix Group’s list of DePIN projects takes into account TAO, RNDR, FIL, ICP, EGLD, WMT, DIONE, HOT, AR, and AKT. The analytics firm revealed the respective list on its official social media account on X. TOP #DEPIN PROJECTS BY SOCIAL ACTIVITY$TAO $RENDER $FIL $ICP $EGLD $WMT $DIONE $HOT $AR $AKT pic.twitter.com/I7co2L2qvY — PHOENIX – Crypto News & Analytics (@pnxgrp) August 18, 2024 TAO Tops the DePIN Projects…

The Sui Foundation unveiled a partnership with MoviePass on Tuesday, with a team-up that will eventually let users of the layer-1 network pay for subscriptions to the cinema service using stablecoins. Meanwhile, the Sui Foundation, which is responsible for managing and developing the blockchain launched last year, said it was taking an “equity stake” in MoviePass. The partnership was announced at Token 2049, a crypto conference in Singapore. MoviePass was started in 2011, and the company rose to prominence on its all-you-can-binge plan letting users into movie theaters for $9.99 a month. However, the company has served customers with a…

Amid the continuous blend of bulls and bears from Bitcoin in recent months, Trading Guru Peter Brandt has shared in his latest post a worrisome pattern observed on the Bitcoin price chart. According to Brandt, Bitcoin appears to be on a downward trend. The legendary trader said in a recent post on Elon Musk’s social media platform X: “The series of lower highs and lower lows continues.” What Are the Implications Of This Pattern Notably, the consistent lower highs and lows as observed by Brant might just be an indicator to a cooling of the recent bullish fervor. Since Bitcoin…

The enigmatic leader of the Shiba Inu team known under the pseudonym Shytoshi Kusama has published a tweet to respond to all those who have been wondering whether he will ever remove his mask and reveal his true face to the public. Here’s what Kusama responded to that in a recent interview and now has again confirmed it on his X profile. Shytoshi Kusama will never reveal his face Kusama published a tweet in which he once again provided an answer to a question of whether he ever intends to remove his mask and show his face to public audience…

DePIN (decentralized physical infrastructure) sector could help existing networks scale and innovate, Moody’s says. Unclear regulations could stifle widespread adoption of the technology. Moody’s noted Helium (HNT) as an example that has shown promising developments within the sector. The DePIN sector, which stands for decentralized physical infrastructure, could help existing networks scale and innovate, but several risks including unclear regulations could stifle growth, said the Wall Street credit ratings agency Moody’s Ratings on Tuesday in its inaugural report about the sector. “By linking together established pieces of a system’s backbone with the building blocks of distributed ledger technology (DLT), DePIN…

Recent fluctuations in blockchain age bands of Bitcoin have significantly impacted the market. It has led to a notable decline after reaching a peak at the 70K level. Over the past three days, large transactions within various age bands have been associated with this downward trend, according to CryptoQuant. The movements in the age bands brought the market down“As these movements occurred, the selling pressure increased, and instead of rising as people expected, we started to decline.” – By @XBTManager Read more 👇https://t.co/5JteqUwlKq pic.twitter.com/XqdsoSD3wR — CryptoQuant.com (@cryptoquant_com) August 1, 2024 Notable Age Band Movements Recorded Over Three Days for Bitcoin…