Author: NBTC
A cryptocurrency investor managed to net approximately $13.5 million in profits within a mere four days through strategic Bitcoin transactions. According to Lookonchain, a blockchain analytics platform, the investor initially withdrew 2,742 Bitcoins valued at $118.66 million from Binance, a leading cryptocurrency exchange, when the price of Bitcoin was $43,277. Following a significant price increase, the investor then redeposited the same amount of Bitcoin, now valued at $132 million, back into Binance at a price of $48,193 per Bitcoin. Strategic investment or timely luck? This lucrative maneuver came just before Bitcoin’s price witnessed a slight increase, solidifying at $48,250.37, according…
Ethereum’s core developers are debating the priorities for the next hard fork after “Dencun,” which could come in late 2024 or 2025. Following Thursday’s All Core Devs call, the tentative schedule for the Dencun fork remains unchanged, with the Goerli testnet first up on Jan. 17. The Goerli date was reaffirmed as Jan 17, as agreed on in ACDE#177. We had tentatively agree on Jan 30 and Feb 7 as dates for Sepolia and Holesky, respectively. We eventually confirmed these dates also, but after some debate. — ً (@lightclients) January 4, 2024 With the rollout of the upgrade looking likely…
Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission. South Korean crypto-related KOSDAQ stocks “soared” on the news of the US Securities and Exchange Commission (SEC)’s approval of 11 Bitcoin spot ETFs. No South Korean crypto firm has yet floated on the Korean Exchange. However, several listed companies have crypto-related interests. Kangwon Domin Ilbo reported that venture capital firms with stakes in big South Korean crypto exchanges…
Dymension (DYM), the newly launched modular blockchain, becomes the top gainer in the crypto market for the second straight day, surging over 30% again on the second day. Yesterday, DYM surged nearly 55% after Dymension’s mainnet went live. Its trading volume soared over 7,000% on debut day and maintained a similar level today. So far, the token has surged nearly 125%, from $3.54 to currently $7.87. The token quickly became the 65th largest cryptocurrency on the market, taking over popular meme coins like BONK and gaming tokens such as The Sandbox and Axie Infinity. The network quickly became popular among…
The Ethereum Foundation, a non-profit organization, has initiated an unexpected ETH sell-off to a single address, prompting speculation about a potential market peak. Ethereum Foundation Executes Multiple ETH Transfers On Monday, March 4, Blockchain analytics platform LookOnChain revealed a series of transactions executed by a wallet address related to the Ethereum Foundation. Sharing a screenshot of the transaction details on X (formerly Twitter), LookOnchain disclosed that the Ethereum Foundation had initiated three ETH transactions to a single wallet address identified as “Cumberland Forwarder”. Among these transfers, two involved selling off 500 ETH each, while the third recorded a transaction amount…
BlackRock’s chief investment officer Rick Rieder reportedly says the firm may look at increasing its Bitcoin (BTC) holdings. Speaking on the Wall Street Journal’s Take On the Week podcast, Rieder, who oversees global fixed income and is the head of global allocation at BlackRock, says that the asset management giant only has a “very small” amount of BTC. However, the CIO says BlackRock’s exposure to BTC could evolve along with public attitudes toward the top crypto asset by market cap. “Time will tell whether it’s gonna be a big part of the asset allocation framework… I think over time, people…
The total value of tokens deposited in DeFi applications has just crossed $60 billion, hitting a level not seen since August 2022. This is an impressive milestone for the ecosystem, indicating a real interest from market participants in the underlying technology. Coupled with forays into the tokenization of traditional assets like bonds and securities by major financial institutions such as HSBC, JPMorgan, Bank of America and, most recently, Citi — it seems undeniable that DeFi and legacy institutions could converge to provide new utility by migrating a range of asset classes on-chain. The environment is primed: According to a new…
Crypto Tony, an investor in the market, told his 386,800 followers on X that Ethereum’s (ETH) ability to hold $2,130 would help it continue its rally. However, Tony also mentioned that the rally would only resume if the U.S. SEC approves the Bitcoin (BTC) ETFs. $ETH / $USD – Update $2,130 hold this weekend for the rally to continue. This is all dependant on the ETF verdict for #Bitcoin pic.twitter.com/R7bYqgOTdj — Crypto Tony (@CryptoTony__) January 5, 2024 On January 2, the price of ETH jumped to $2,429, marking a 10% increase within 24 hours. But a day later, the price…
The Central Bank of Turkey is proceeding with the second round of studies for its retail central bank digital currency (CBDC) following the conclusion of the first phase. According to an official disclosure, the second round of tests will focus on the interoperability of the proposed CBDC system with the existing payment infrastructure. The plans suggest that the Turkish central bank may onboard more participants to the pilot, including commercial banks and payment service providers. Set to begin in 2024, Turkey’s central bank revealed that it will explore the prospects of offline functionality for its CBDC system in a valiant…
Bitcoin Price Prediction: The leading cryptocurrency Bitcoin entered February 2024 in a silent and stagnant price behavior reflecting uncertainty among traders. However, with the increasing inflow in Spot Bitcoin ETFs the underlying asset witnessed a surge in demand pressure and surpassed the $48000 mark for the first time since the launch. This uptick created a ripple effect in the altcoin market triggering a renewed recovery of major cryptocurrency. Will buyers have sufficient momentum to surpass $50000? Also Read: BTC Surges Beyond $48K, Reaching New Heights in Cryptocurrency Market Bitcoin Price Prediction: Whale Accumulation Signals Prolong Rally Bitcoin Price Prediction| Tradingview…