Author: NBTC
The largest tier of Bitcoin holders has restocked nearly 20K BTC with a monetary value averaging $1.235 billion just before the 2024 Bitcoin halving. As the Bitcoin network is expected to undergo a halving today, a historical pattern of accumulation has re-emerged on the side of BTC whales. Prominent market intelligence firm IntoTheBlock recently called attention to this trend in a recent post in X. IntoTheBlock disclosed that Bitcoin whales may have begun buying BTC dips building up to the Bitcoin halving. Giant Bitcoin Whales Buy Dip In the latest update, the intelligence platform noted that the largest Bitcoin holders…
Prominent cryptocurrency analysts have recently expressed bullish sentiment on Ethereum ($ETH), the second-largest cryptocurrency by market capitalization, with one suggesting it will surge to over $10,000 by the end of the year. Michaël van de Poppe, a cryptocurrency analyst with over 700,000 followers on the microblogging platform X (formerly known as Twitter), expressed optimism, suggesting ETH is on track to reach a higher support level and added that the “good times are there in a few weeks time” after noting ETH is “at end stage of the correction.” #Ethereum is at the end stage of the correction.There’s around 10% more…
Subsquid, a leading Web3 data access layer, has secured $17.5 million in funding and forged a partnership with Google ahead of its highly anticipated token launch, as per the information shared with Finbold on May 16. The financial boost will support the development of Subsquid’s innovative data indexing technology, which aims to revolutionize blockchain data accessibility. Subsquid’s integration with Google BigQuery A major highlight of this development is Subsquid’s integration with Google BigQuery. By incorporating its software development kit with Google’s powerful data analytics platform, Subsquid offers developers new capabilities to analyze blockchain data. This marks a significant step forward,…
B² Network and Circle have announced a significant integration targeting the expansion and ease of achieving digital dollar transactions in the cryptocurrency system. Specifically, B² Network will enable the Circle’s Bridged $USDC standard to launch the B² System, with further expansion to leverage native $USDC issuance. Integration Announcement with @circle .B² Network will introduce @circle ’s Bridged $USDC standard which provides the potential to upgrade to native $USDC in the future. $USDC helps businesses and developers experience improved payments and commerce through the power of the… pic.twitter.com/v5ssESFTxI — B² Network | BTC Layer2 (@BSquaredNetwork) May 15, 2024 B² Network Bridges…
The magic meme stock craze revival appeaers to be fading hard for GameStop and AMC. GameStock (GME) was trading 15% lower than its Wednesday afternoon closing price just before markets opened on Thursday. After the bell, the stock sank as low as $31.91—down 18%—before rebounding. At the time of writing, GameStop shares are trading for $33.38—down 16% from its previous close. Meanwhile, AMC isn’t faring much better. Shares for the movie theater chain started the day trading 8% lower than their Wednesday closing price as markets opened in the U.S. The meme stock moniker comes from the fact that the…
Shytoshi Kusama, the Shiba Inu lead developer, has hinted at a potential move towards breathing new life into the SHIB ecosystem. Kusama emerged from the shadows to issue a cryptic message that got community members pondering its intent. Just three hours ago, Kusama took to X to post a GIF bearing the inscription “EVITA.” Notably, the Shiba Inu lead developer left no hashtag or hint about the mysterious message. pic.twitter.com/Lk9fRq9ivb — Shytoshi Kusama™ (@ShytoshiKusama) May 7, 2024 The absence of explicit context has ignited various speculations within the community. Members speculate whether this cryptic communication holds potential significance for Shiba…
The rise of blockchain technology has highlighted the constraints of the traditional Internet infrastructure by offering secure and transparent data exchange. Although the physical network of routers and cables enables simple communication, these underlay networks are not equipped to handle the high data volumes and complex features needed for blockchain applications. Enter overlay networks: a game-changer in the world of digital communication. These virtual routing layers operate on top of the existing internet infrastructure, creating logical pathways for data packets. This allows for optimised data flow, bypassing bottlenecks inherent in the physical network and making them ideally suited for the…
OKX Ventures, the investment arm of the global crypto exchange and Web3 technology company OKX, has established itself as a leader in the crypto venture capital space. Announcing its latest achievements, OKX Ventures confirmed it ranked as the number one crypto venture capital investor for the first quarter of 2024. The firm successfully closed an impressive 31 deals during this period, showcasing its active engagement and bullish stance on the future of blockchain and Web3 technologies. The firm’s investment strategy in Q1 2024 was notably diversified, with significant emphasis on sectors like infrastructure, Artificial Intelligence (AI), and Decentralized Finance (DeFi).…
Recently, a new niche has emerged among memecoin traders: coins named after countries. In anticipation of the Olympic Games in Paris in July, investors are betting that the event will boost the prices of various country tokens. A dashboard created by the X user identified as The Nouner is tracking 47 different country coins, which registered a trading volume of almost $18 million in the last 24 hours, and have a shared total market cap of nearly $110 million. American Coin (USA) has a valuation close to $83 million, which is the largest market capitalization of all. According to DEX…
Founder Institute has announced its partnership with the Polkadot ecosystem. The strategic collaboration between the two companies will launch the first Web 3.0 Cohort in the Founder Institute’s Core Program. The partnership aims to improve Web 3.0 technology education and provide Web 3.0 startup founders with startup acceleration programs. 🚀Announcing a Strategic Collaboration between Founder Institute and @Polkadot!🚀 We are thrilled to announce a groundbreaking collaboration between the Founder Institute (FI) and the @Polkadot ecosystem. This collaboration marks the beginning of an exciting chapter as we launch… pic.twitter.com/BYJBgNtOn0 — Founder Institute (@founding) May 14, 2024 The partnership between the two…