Author: NBTC
Fourteen years ago, 10,000 bitcoins (BTC) could get you only two pizza boxes; however, the story is entirely different today. In commemoration of the Bitcoin Pizza Day celebrated on May 22, cryptocurrency exchange Kraken shared a video outlining what 10,000 BTC would get you today, ranging from hundreds of private flights on a spaceship to Leonardo DaVinci’s most expensive painting. The Value of 10K BTC Today Recall that Bitcoin Pizza Day is a reminder of a legendary moment when Floridian programmer and early BTC adopter Laszlo Hanyecz purchased two Papa John’s pizzas for 10,000 BTC in 2010. The cryptocurrency was…
An agreement with Tres allows Fireblocks customers to generate audit-ready reports in one click for a wide range of digital asset networks. The complexity of crypto and on-chain assets is abstracted away, leaving a Web2-like context easily integrated with existing accounting software. Cryptocurrency custody firm Fireblocks will offer clients the ability to generate audit-ready reports in one click in a deal with Tres, a startup that helps organizations handle accounting, auditing and tax reporting for digital assets as it anticipates growing interest in areas like tokenization of real-world assets. The reports can be integrated with accounting software such as QuickBooks,…
Perplexity, a research AI resource, recently spotlighted Google’s initial investment in Ripple in the company’s formative stage. The disclosure originated from an inquiry by Ashley Prosper, a member of the XRP community who recently turned to Perplexity to inquire about potential partnerships between Ripple and major American technology and financial giants like Amazon and Google. Amazon and Ripple Notably, Prosper initially queried Perplexity on any partnership between Ripple and Amazon shortly after reports confirmed that Jeff Bezos, American entrepreneur and CEO of Amazon, had invested in the AI research platform through his investment firm Bezos Expeditions. Perplexity asserted that there…
A new day on the crypto market brought a new regulatory development, as Ethereum emerged victorious when the SEC closed its investigation into the cryptocurrency. This decision by the regulator means that it will not pursue charges alleging ETH sales as securities transactions, a decision that echoes recent ETF approvals premised on the main altcoin as a commodity. The closure of the investigation, confirmed by Consensys, the company that developed MetaMask, marks a significant victory for developers and contributors. Ethereum 2.0, an upgrade aimed at improving scalability and sustainability through proof-of-stake mechanisms, was at the center of this regulatory scrutiny.…
Cryptocurrencies are no longer just a novel payment method. With the rise of Web3, they sit at the heart of a new and growing ecosystem of decentralized applications that offer serious benefits to consumers in areas such as finance, video games, sports betting, the metaverse and more. For businesses that operate in the world of Web3, it has become essential for them to offer their users the simplest way to convert their fiat money into the cryptocurrency that fuels their app ecosystems. By doing this, they gain a significant competitive advantage over those that don’t. The best way to do…
According to a senior commodity analyst, Bitcoin’s (BTC) volatility puts it behind gold and the U.S. dollar in some investment perspectives. Meanwhile, BTC may crash harder than the stock market during a recession. Mike McGlone, senior commodity analyst for Bloomberg, spoke about the market’s volatility in a panel at Bitcoinday Miami this week. On that occasion, McGlone highlighted how Tether’s dollar stablecoin (USDT) trades twice as much as Bitcoin on a usual day. “Right now, I can have access to the U.S. dollar any place in the world from my phone [with] Tether. Tether is the number one trading token.…
Major Ethereum Withdrawal by “Smartest Money” A prominent Ethereum trader, known as “Smartest Money,” has recently withdrawn a substantial amount of 6,127 ETH (approximately $21.7 million) from Binance. This move has caught the attention of the crypto community, given the trader’s impressive track record. Over the past two years, “Smartest Money” has reportedly made a profit of around $20 million from trading . However, this trader has also been known to deposit ETH back to Binance in response to price drops, indicating a strategic approach to managing their assets. The guy who calls himself the smartest money withdrew 6,127 $ETH($21.7M)…
Pendle (PENDLE) price dips 3% to near key support area. A whale has deposited 755k PENDLE tokens on Binance. Arthur Hayes has also staked 1.65 million PENDLE, worth about $8.4 million. Pendle (PENDLE), the native token of the tokenization and future yield trading protocol Pendle Finance, has dropped 3% in the past 24 hours. PENDLE’s price dip comes as a major whale deposits a huge chunk of the token on Binance likely for profit. However, former BitMEX CEO Arthur Hayes has staked 1.65 million PENDLE until September. PENDLE price declines amid whale activity According to CoinGecko data, PENDLE price hovered…
The Conservatives, who have introduced a slew of pro-crypto policies in recent years, are expected to lose hundreds of seats when UK elections takes place on July 4. Crypto has taken a prominent role in the U.S. presidential campaign — with Donald Trump cozying up to Bitcoiners. But over in Britain, where voters head to the polls in a little over two weeks’ time, it’s fair to say digital assets haven’t been too much of a focus for the candidates. You could argue that it should be. The latest data from the Financial Conduct Authority shows that 9% of U.K.…
Justin Sun is one of the richest and most important individuals in the cryptocurrency ecosystem; however, his tendency to spread his vast wealth between a variety of different interconnected entities and addresses can make identifying the full extent of his activities very difficult. Protos has reviewed many of the addresses we believe to be controlled by Sun and found a variety of different assets on Tron and Ethereum being rapidly moved between protocols and exchanges. Ethereum 0x176F3DAb24a159341c0509bB36B833E7fdd0a132 is an address labeled as ‘Justin Sun 4’ on Etherscan. The address holds over 1,000 ether (ETH) worth more than $4 million, as…