Author: NBTC
Matthew Sigel, Head of Digital Assets Research at VanEck, a global investment firm with $108 billion in assets under management, shared his optimistic views on Bitcoin in a recent interview with CNBC. Sigel believes that the recent Bitcoin sell-off is largely behind us and is expecting a recovery in the cryptocurrency market. Sigel explained in the interview that the significant sell-off in Bitcoin in recent months has been driven by a variety of factors, including the loosening of carry trades, increased correlation with the Nasdaq, and significant sell-offs of Bitcoin holdings by the German and U.S. governments. Recent payments to…
Despite crypto whales offloading large amounts of Ethereum (ETH), the asset’s staunch supporters remain optimistic. Recent data highlights a trend of stakeholders moving large volumes of ETH, likely for sale, amidst a general downturn in crypto asset prices. Moreover, the spot Ethereum ETFs have been recording outflows for the past eight trading days. Crypto Whales and Institutions Move ETH to Centralized Exchanges During this week, notable movements have captured the attention of market analysts. Spot On Chain reported that a whale’s wallet, identified as 0x46c, moved 5,088 ETH—valued at about $13.66 million—from Elixir to a deposit address at Binance. “Notably,…
In a July 2023 op-ed, actor Joseph Gordon-Levitt argued that if artificial intelligence uses your work, it should pay you. That’s the basic premise behind the intellectual property-focused blockchain Story Protocol, and it’s quickly becoming a well-funded investment theme. On Wednesday, PIP Labs, the initial core contributor behind Story, announced an $80 million Series B, led by the venture capital firm Andreessen Horowitz (a16z). AI companies have hovered up so much of the web’s creative content to train their large language models (LLMs), which has resulted in lawsuits between creatives and tech giants like OpenAI. The New York Times is…
According to an analysis shared by cryptocurrency analysis company Lookonchain, an unknown fresh cryptocurrency whale purchased over $120 million worth of altcoins in recent hours. According to the data, the altcoins purchased by the whale in question and their amounts are listed as follows: 40.7 million USDT 9,425 ETH ($30.15 million) 957.77 billion PEPE ($9.84 million) 583.78 billion SHIB ($9.68 million) 16,192 BNB ($9 million) 58.15 million DOGE ($6.95 million) 438,721 RNDR ($3.17 million) 5.18 million MATIC ($2.81 million) 3 million FTM ($1.59 million) 9.49 billion FLOKI ($1.56 million) 104,128 LINK ($1.5 million) 840,776 FETs ($1.06 million) 39,141 AVAX ($1.05…
In recent developments, former President Donald Trump envisions a prominent role for Elon Musk in his potential cabinet. This strategic proposal highlights Trump’s recognition of Musk’s expertise, particularly in artificial intelligence and efficiency. Trump described Musk as an excellent resource for government consulting, emphasizing his capabilities in optimizing federal expenditures. This article examines the implications of Trump’s proposed cabinet role for Musk, focusing on their synergistic relationship and potential impact on the tech and crypto sectors. Trump’s Proposal for Musk’s Cabinet Position In an interview with Shawn Ryan, Donald Trump revealed plans to offer Elon Musk a significant position if…
California DMV’s adoption of Avalanche for car title digitization could spark a massive AVAX price rally, surpassing even its 2021 gains, says a crypto influencer. In a recent video, this enthusiast detailed that the California Department of Motor Vehicles (DMV) has already digitized 42 million car titles on Avalanche. Going further, the California DMV is also launching a dedicated chain on Avalanche to streamline the vehicle title transfer process for its over 39 million residents. This kind of real-world implementation could propel Avalanche to the top of the list for institutional and government adoption of blockchain technology. Avalanche offers a…
Despite the recent crypto market’s volatility, Bitcoin whales have been taking advantage of price dips and accumulating $BTC. As per data shared by Santiment, an on-chain crypto intelligence platform, Bitcoin whales with wallet holdings of 100 to 1000 $BTC have been accumulating $BTC. These wallets have roughly added 94,700 more $BTC to their holdings during the last 6 weeks. 🐳 Bitcoin’s whales, specifically wallets that hold between 100-1K BTC, have accumulated 94.7K more coins in the last 6 weeks. As price uncertainty has shaken many traders out of crypto, key stakeholders are loading up. pic.twitter.com/hrhlVrNqNU — Santiment (@santimentfeed) August 19,…
An epic new bull post was released today by Vitalik Buterin, as the Ethereum founder seems to have found a new way to communicate his stance on the altcoin through AI-generated images. When asked if he could manage to at least occasionally be bullish on ETH on social media, given that the community’s morale is currently low, Buterin once again posted an image of a bull holding up a sign that read: “Bullish on Flux, Bullish on Ethereum.” Last time it was also a bull with a sign, and this time is no different. As he further explains, the picture…
Telegram-based game Notcoin announced that it has partnered with a prominent analytics firm to establish an incubator for the next wave of Telegram games, in the project’s biggest move yet to expand from a viral sensation into a pillar of the exploding ecosystem of crypto-backed mini apps. With the support of Helika, an AI-powered analytics firm, Notcoin will soon launch a Telegram Gaming Accelerator, both companies said on Wednesday. “This is a major milestone for Helika to support our current and future customers building on Telegram,” Helika co-founder and CEO Anton Umnov said in a statement shared with Decrypt. “Helika…
The recent arrest of Telegram’s founder, Pavel Durov, has stirred significant discourse on both geopolitical and technological fronts. This incident highlights the delicate interplay between international law, privacy rights, and the digital economy as governments increasingly scrutinize tech moguls. Notable responses from figures like Russian lawmaker Maria Butina, who labeled Durov a “political prisoner,” reflect the far-reaching implications of this case. The arrest of Pavel Durov amidst ongoing geopolitical tensions raises critical questions about digital governance and individual rights within a global context. Legal Context of Durov’s Arrest Pavel Durov was taken into custody on August 24 at Le Bourget…