Author: NBTC
Vitalik Buterin, the founder of Ethereum, recently offloaded a notable chunk of his ETH holdings. The transaction, tracked by blockchain experts, raises questions about Ethereum’s price stability. Yet, despite this, crypto analysts’ optimism regarding the asset’s future trajectory persists. Ethereum’s Fate After Vitalik Buterin’s Sell-Off Buterin has sold a significant amount of Ethereum (ETH), amounting to approximately $100,000. According to the blockchain security company PeckShield, the transaction involved the transfer of 30 ETH to Railgun. It was followed by a swap of roughly 27.63 ETH for 100,000 USDC, which were then bridged to the Base blockchain. This action by Buterin…
The SEC approved spot Bitcoin ETFs, making a landmark decision for the Bitcoin and cryptocurrency industry. At this point, while Bitcoin did not react as big as expected to this decision, altcoins attract attention with their rise. At this point, while BTC rose above $ 46,000, the largest altcoin Ethreum (ETH) increased by approximately 10% in the last 24 hours and rose above $ 2,600. While the interest of the market and investors continues to be on ETF approval news, critical inflation data expected from the USA has been announced. Here is the announced data: Consumer Price Index Monthly: Announced…
On-chain data reveals that Cardano has a robust investor community, with a significant size of holdings unmoved in five years. The cryptocurrency industry is rife with investors and traders chasing the latest shiny thing and seeking opportunities to grow their investments on a whim. However, some investors believe in high conviction and long-term plays, as evidenced by recent on-chain data on the Cardano blockchain network. According to IntoTheBlock data, around 23% of Cardano holders have held the cryptocurrency for at least five years. During this period, the price of ADA went from $0.04 to nearly $3 and has since declined…
Bitcoin (BTC) is currently experiencing positive sentiments, reclaiming the $48,000 mark for the first time since the launch of the spot exchange-traded fund (ETF). Market participants are now eyeing Bitcoin’s potential retest of the $50,000 level, considering it crucial for triggering a new bull run. In this context, crypto analyst Alan Santana, in a TradingView post on February 10, outlined a possible path for Bitcoin to reach a new record high of $80,000. Santana’s analysis focused on the daily Bitcoin Moving Average Convergence Divergence (MACD), indicating a shift toward a bullish trend. Noteworthy observations include the successful breach of a…
Music festival Coachella in 2022 sold NFTs that earned collectors physical art prints and photo books via a partnership with FTX. It also released a set of ten NFTs guaranteeing lifetime passes to Coachella. The ten “Coachella Keys” sold for a collective $1.4 million. Following the collapse of FTX and the disabling of its web servers, the NFTs began displaying blank images, while associated websites redirected users to information about the company’s bankruptcy. But despite these early setbacks, Coachella is giving NFTs a second try. Read more: FTX NFTs Are MIA: A lesson on centralized risk The festival will be…
Ethereum Co-Founder Vitalik Buterin caught the crypto community’s attention after his recent transaction involving a large amount of Ethereum. PeckShieldAlert reported that his wallet address, Vitalik.eth, transferred 30 ETH to Railgun and exchanged 27.63 ETH for 100,000 USDC A Closer Look at Recent Transactions PeckShieldAlert’s report indicates that the funds were moved to the Ethereum Base layer, a key part of the network. The Base layer handles transactions, and smart contracts, and maintains overall security. Buterin has clarified in the past that transactions from his wallet don’t always reflect his personal investment decisions, however. #PeckShieldAlert #vitalik.eth – labeled address has…
The Securities and Exchange Commission cleared 11 spot bitcoin ETFs Wednesday. Now, those funds are preparing to start trading. The SEC first approved what are known as 19b-4 proposals filed by the Cboe BZX Exchange, Nasdaq and NYSE Arca — the stock exchanges on which the funds are to be listed. Registration statements, or S-1s, by the issuers were then made “effective” — a final step toward launch. With a bunch of similar ETFs set to launch Thursday, industry watchers have said competition among the bitcoin funds will be fierce. The various asset managers have so far looked to differentiate…
Bitcoin OG, financial journalist Max Keiser, continues his “war” against altcoins and their proponents. Once again, he has taken a dig at the founder of Cardano and a cofounder of the Ethereum blockchain, Charles Hoskinson. This time, Hoskinson did not hold back and struck back at Keiser on X/Twitter too. Keiser’s critique of Hoskinson faces reminder of MaxCoin Max Keiser frequently posts both humorous and sometimes serious tweets when he criticizes altcoins and founders of blockchains other than Bitcoin. This time, he posted a tweet, accusing Charles Hoskinson of dealing with “s-coins.” However, some Twitter users reminded Keiser that in…
Bitcoin whales, or large investors with ample capital supply, have been on massive accumulation, notably since the approval of the Bitcoin spot ETFs in the United States. According to crypto analyst Ali, Bitcoin whales have been on a buying spree, acquiring 140,000 BTC over the past three weeks, amounting to $6.16 billion. The first set of Bitcoin ETFs went live in the United States on Jan. 11, after a decade-long tussle. The approval of the Bitcoin ETF, which allows investors to gain exposure to Bitcoin without holding the actual asset, is seen as a milestone for the crypto industry, as…
Jeju Island, a subtropical province off the South Korean mainland’s south coast, says it wants to use non-fungible tokens (NFTs) to transform its economy. According to CNB News, the island – which has its own legal and administrative status – wants to use NFTs to spark growth in the tourism industry, agricultural, livestock, and fisheries sectors. Jeju Island Revamps Crypto Hopes? Jeju officials have been trying to use the island’s legal system to foster crypto-powered growth since 2018. Little has come of such efforts so far, however. Seoul has thus far refused to budge on its hardline stance on ICOs,…