Author: NBTC
The governor of Sweden’s central bank said he wants nothing to do with bitcoin. “Right now there’s a surge, but we have seen the value collapsing not long ago,” Riksbank Governor Erik Thedeen said. Sweden’s central bank governor wants as little bitcoin (BTC) as possible in the country’s financial system, Bloomberg reported Tuesday. “It’s an instrument that is impossible to value, and in practice it’s based on pure speculation,” Riksbank Governor Erik Thedeen said to reporters after a parliamentary hearing on monetary policy. Thedeen cited the collapse of crypto exchanges to support his position at a time when the cryptocurrency…
Dogwifhat became the first major meme coin to cross the $2 price mark. A listing on the prominent exchange Binance likely drove the price surge. Solana’s runaway meme coin Dogwifhat (WIF) surged 48% in the past 24 hours to trade over $2.11 early Wednesday, reaching over $2 billion in capitalization just over three months after issuance. Such gains were most in the meme coin category tracked on CoinGecko for tokens with over $1 billion capitalization. The category rose 2.8% on average, with lower caps like myro (MYRO) and mog coin (MOG) rising as much as 80%. WIF was issued in…
Navigating the complexities of the cryptocurrency market and seizing opportunities require a blend of innovation, ethical practices, and a deep understanding of distributed ledger technology (DLT). As blockchain technology reshapes the traditional finance sector and pioneers the expansion of decentralized finance (DeFi), staying informed and adaptable is key to success. Hence, the transformative potential of DLT highlights the impact on financial inclusion, payment efficiency, and the broader economic ecosystem. The Move Towards Tokenization President of Hedera, Charles Adkins, told BeInCrypto that blockchain technology has emerged as a fundamental force in transforming transactions, lending, and investments. He attributed the success to…
SEC chair Gary Gensler cautioned investors to carefully consider the merits of each project after the market experienced extreme volatility following Bitcoin’s ascent to a new all-time high. Gensler made the statements during an interview with Bloomberg on March 6 and likened the crypto market’s volatility to a roller coaster ride. According to the SEC chair: “[Cryptocurrency] is a highly speculative asset class. One could just look at the volatility of Bitcoin in the last few days. And I grew up loving roller coasters … but you really should be conscious, as the investing public, that this is a bit…
Bitcoin and ether faltered slightly Tuesday afternoon in New York while stocks rebounded after an initial slip on disappointing annual inflation numbers. The S&P 500 was trading about 1% higher at time of publication while the tech-heavy Nasdaq Composite gained 1.3%. Bitcoin (BTC), after posting another record-high of just under $73,000 Monday, lost 0.7% Tuesday. Ether (ETH) was also trading lower, dropping 1% at time of publication. Read more: Cheatsheet: Ethereum on track to burn $10B ETH over next year The market moves come as Tuesday’s Consumer Price Index (CPI) print showed inflation rose 0.4% in February and 3.2% from…
According to the data shared by the blockchain tracking platform Shibburn, since last morning the Shiba Inu community has managed to dispose of over 177 million SHIB meme coins. It happened while the second major meme-inspired cryptocurrency SHIB collapsed by 40% and then staged a substantial recovery earlier today. Meanwhile, in the wake of recent SHIB price trajectories, whale activity has increased drastically as trillions of SHIB have been moved by large holders. 177 million SHIB burned Shibburn spreads the word about a significant amount of meme coins transferred to unspendable blockchain wallets within the past 24 hours. Overall, an…
Telos, a Zero-Knowledge technology-driven L1 decentralized network that provides privacy and scalability, has partnered with Unizen. The collaboration between Telos and Unizen, a decentralized exchange aggregator that offers access to more than 20,000 assets, focuses on enhancing interoperability and promoting growth. Unizen now provides respective access to ten networks because Telos has joined it with the latest addition. Telos partners with @unizen_io DEX aggregator. Why Unizen? 🔍Unizen offers a trade-splitting algorithm for efficient swaps & provides access to 20,000+ assets across now 10 networks, thanks to Telos joining as the latest addition.👉https://t.co/xpn8QNqwWh pic.twitter.com/oR5XMQj80u — The Telos Foundation (@HelloTelos) March 12,…
Paolo Ardoino, the CEO of Tether, the issuer of USDT, the world’s largest stablecoin by market cap, has taken a jab at Digital Currency Group (DCG), the distressed crypto firm currently facing a lawsuit from the New York Attorney General (NYAG). In a March 11 post on X, the CEO mocked DCG in the wake of newly revealed court documents. Fillings allege that the CEO was short “400 million” USDT following rumors of its instability when the crypto hedge fund Three Arrows Capital (3AC) collapsed. DCG and Barry Silbert feared that Tether “would blow up” and decided to hedge risks…
As bitcoin’s value teeters on the brink of setting new price records, a significant batch of vintage bitcoins dating back from 2010 to 2017 has been transferred for the first time since their initial creation. Present data reveals that in the opening week of March 2024, a total of 4,237.73 ancient bitcoins, valued at over $283 million, were spent for the first time after all these years. March 2024 Marks the Revival of ‘Sleeping Bitcoins’ With $283 Million Transacted On Tuesday, Bitcoin.com News reported on a significant transaction involving a mega whale who transferred 1,000 BTC from 20 distinct 2010…
Coinbase shares upgraded to market perform from underperform at Raymond James. The firm cited the positive impact of spot bitcoin ETF flows on crypto valuations. Goldman Sachs revised its negative rating on the shares last week. Investment bank Raymond James is the latest Wall Street firm to revise its negative rating of the shares of crypto exchange Coinbase (COIN), after surging exchange-traded fund (ETF) inflows triggered a rally in the stock and bitcoin (BTC) pushed to all time highs. While Raymond James said its long-term bias on Coinbase remained negative, the firm admitted to underestimating the impact that spot ETF…