Author: NBTC

Serial investor Jeffrey Huang, known for his involvement in previously booming projects like MAYC and BAYC NFT, has pre-announced another asset fair launch. The new project arrived after Huang failed to drive the price of Friend.tech (FRIEND) with aggressive buying. Crypto investor Jeffrey Huang, also known for his social media personality Machi Big Brother, is onto his next investment. He is involved in multiple crypto and NFT projects and is known for his large-scale, almost reckless approach in attempting to build the next influential value hub. Machi Big Brother is still hyping up the MAYC and BAYC NFT collections while…

A recent analysis from Bitcoin Magazine Pro showcases the power of dollar-cost averaging (DCA) in Bitcoin compared to traditional assets like gold, Apple stock, and the Dow Jones Industrial Average (DJI). The data reveals that consistently investing $10 weekly into Bitcoin over the last five years would have grown a total investment of $2,620 into $7,913.20, reflecting a remarkable 202.03% return. In contrast, the same $10 weekly investment in gold yielded a return of 34.47%, growing the initial $2,620 to $3,523.06. Apple stock also performed well, with a 79.13% return, turning the $2,620 investment into $4,693.13. Meanwhile, the Dow Jones…

The topic of a potential BRICS common currency has stirred significant debate among economic experts and political leaders. Former Russian Prime Minister Sergey Stepashin raises important concerns regarding the feasibility of a unified currency within the BRICS nations. Stepashin notably stated, “It is difficult to imagine that India and China have a common currency,” highlighting the inherent complexities involved. This article delves into the challenges and perspectives surrounding the idea of a common currency within the BRICS nations, emphasizing the practicality of utilizing national currencies instead. The Feasibility of a BRICS Common Currency The idea of a BRICS common currency…

Solana-based meme coin Bonk (BONK) has recently surged 10%, outperforming other popular meme coins within the top 100 cryptocurrencies. At the time of writing, BONK had risen by 8% in the last 24 hours, trading at $0.000025. Its market capitalization stands at $1.77 billion, making it the 52nd largest cryptocurrency, according to CoinMarketCap. BONK 24-hour price chart | Source: CoinMarketCap The token’s daily trading volume has also seen a significant increase, doubling to around $350 million. However, BONK remains 44% below its all-time high of $0.000047, which was reached on March 4. Bonk gained popularity in 2023, driven by a…

IREN (NASDAQ: IREN) just became yet another publicly-listed Bitcoin (BTC) miner from Wall Street, which significantly increased its revenue over the last year, benefiting from higher cryptocurrency prices. According to the results for the fiscal year ended June 30, 2024, revenues grew by 145%, and the number of mined BTC increased by 30%. The company reported record Bitcoin mining revenue of $184.1 million, up from $75.5 million in the previous fiscal year. This substantial increase was driven by growth in operating hashrate and higher Bitcoin prices. IREN mined 4,191 Bitcoin during the year, compared to 3,259 in fiscal year 2023.…

Orochi Network and Kima Network have announced a strategic collaboration to promote blockchain interoperability and data integrity in decentralized ecosystems. Working together, the two platforms may bring their respective strengths to bear, which could lead to exciting new developments in the Web3 ecosystem. 1/5🌟 Kima Network x Orochi🌟We are thrilled to announce that Kima Network has partnered with @OrochiNetwork – the world’s first zero-knowledge modular data availability layer.In this partnership…👇👇👇 pic.twitter.com/fwbHOx4GBy — Kima Network (@KimaNetwork) August 27, 2024 The revolutionary Zero-Knowledge Operating System (zkOS) developed by Orochi Network tackles vital issues related to data availability, compute limits, and data correctness…

Celsius has distributed over $2.53 billion to more than 251,000 creditors as part of its bankruptcy process. Another 121,000 eligible creditors have yet to successfully claim their distribution. Celsius’ bankruptcy administrator has distributed more than $2.53 billion to some 251,000 creditors, it said in its first status report on the payouts. The disbursements were made in liquid cryptocurrency and cash at Jan. 16 prices. They cover roughly two-thirds of all eligible creditors of the crypto lender by number and about 93% of the eligible value, the administrator said in a Monday court filing. Another 121,000 eligible creditors with an average…

It looks like big investors, also known as whales, are buying a lot of $LINK. Over the past week, 54 new wallets took out 2.08 million $LINK tokens from Binance. The value of these Chainlink tokens is about $30.28 million. It seems that whales/institutions are accumulating $LINK!We noticed that 54 fresh wallets withdrew 2.08M $LINK($30.28M) from #Binance in the past 7 days.https://t.co/SkqA1r0F1N pic.twitter.com/VkPt0kwPb4 — Lookonchain (@lookonchain) July 2, 2024 Large Chainlink ($LINK) Purchases Hint at Price Increase This information came from Lookonchain which is an online platform that monitors transactions in cryptocurrencies. For instance, whenever whales or institutions start to…

When you get a “GM” from Sota Watanabe, it doesn’t mean “good morning.” Watanabe, CEO at Startale Labs and founder of Astar Network, instead wants it to mean “go mainstream.” That’s the slogan — and ambition — of Sony Block Solutions Labs in launching Soneium, a joint venture with Watanabe’s company. The network’s “Minato” public testnet is set to go live following the WebX 2024 conference on Wednesday in Japan. In positioning Soneium as a cornerstone in the push for mainstream Web3 adoption, Watanabe repeated the common refrain that this iteration of blockchain technology will onboard the next billion users…

In a revealing social media post on August 14, Matt Hougan, Chief Investment Officer at Bitwise Asset Management, shared his initial analysis of the Q2 Bitcoin ETF 13-F filings with the U.S. SEC. Let’s dive into the key takeaways from Hougan’s observations. Institutional Interest Continues to Grow Despite a downturn in Bitcoin prices during Q2, Hougan reports a significant increase in institutional involvement with spot Bitcoin ETFs. He notes a 30% rise in the number of holder<>ETF pairs, jumping from 1,479 in Q1 to 1,924 in Q2 across all ten spot Bitcoin ETFs. It’s essential to understand what Hougan means…