Author: NBTC

After reaching new all-time highs in March, the price of Bitcoin has mostly remained between $58,000 and $70,000. However, BTC briefly dipped below $50,000 during the sharp correction experienced by global markets at the beginning of August. After this correction, stocks rallied, but this rally was not reflected in Bitcoin and cryptocurrencies. However, Singapore-based trading firm QCP Capital suggested that the increasing risk-taking sentiment could increase Bitcoin prices. QCP Capital shared its daily analysis on the official Telegram channel regarding the current stock rally and Bitcoin expectations. The equity rally is being driven by momentum traders re-leveraging in a lower…

Donald Trump Jr. has revealed plans for a new cryptocurrency project that aims to operate outside traditional banking systems. The initiative, called “The DeFiant Ones,” was announced via the project’s official Telegram group. In his statement, Trump Jr. described the venture as a response to what he perceives as exclusionary practices in the mainstream financial sector. “These banks and the elites who run them want absolute control but that ends now,” he wrote in the group. The announcement references the Trump family’s past conflicts with financial institutions. Trump Jr. stated that his family has been “de-banked, de-platformed and had every…

STEPN GO, the famous app of social-lifestyle, has partnered with Casio for the “VIRTUAL G-SHOCK” project, to launch the new collection of NFT sneakers. STEPN GO and the launch of the new collection of NFT sneakers through a lottery STEPN GO and the partnership with Casio and the Virtual G-SHOCK project for NFT sneakers The Move-to-Earn in the social-lifestyle app STEPN GO and the launch of the new collection of NFT sneakers through a lottery STEPN GO e CASIO COMPUTER CO., LTD, have joined forces to launch a new collection of NFT sneakers, as part of the “Virtual G-Shock” project.…

H.C. Wainwright analyst Mike Colonesse described Bitfarms’ agreement to acquire Stronghold Digital Mining as “a transformational acquisition.” The analyst commented on the Bitcoin (BTC) miner’s potential to benefit from the Stronghold acquisition in a note shared with crypto.news on Aug. 22. It comes a day after Bitfarms’ announcement on Aug. 21. Colonesse views the $125 million all-stock deal for Stronghold as a significant opportunity for Bitfarms to expand its operations substantially over the next 16 months. When finalized in the first quarter of 2025, Stronghold’s power capacity will enable Bitfarms to approach 1 gigawatt of power by the end of…

Whale Alert has identified a series of large Solana (SOL) transactions totaling over $180 million sent to Coinbase. The transfers, occurring today, indicate potential market-moving activity by major crypto holders, often referred to as whales. Notably, the series of transactions includes a transfer of 322,817 SOL, valued at $45.5 million, from an unknown wallet to Coinbase. Another transfer of 318,664 SOL, valued at $44.9 million, was also sent from an unknown wallet to Coinbase. Additionally, 317,314 SOL, valued at $44.7 million, and another 322,817 SOL, valued at $45.5 million, were transferred from unknown wallets to Coinbase. An important thing to…

India’s crypto exchange WazirX said Wednesday it has canceled all outstanding open orders on its platform as part of “ongoing efforts” to resolve issues involving the Indian rupee and crypto balances. “Any INR and crypto assets blocked in these open orders will be added to your respective balances,” WazirX said in a post to X. It follows the exchange’s $230 million hack in July, which saw hackers make off with $102 million worth of Shibu Inu tokens, $52 million in Ethereum, and $11.2 million worth of Polygon’s native token Matic. Other tokens lost in the theft included Pepe, USDT, and…

Bit Digital, Inc. has shared an update on its journey into artificial intelligence (AI) services by securing a binding term sheet with Boosteroid Inc., a major player in the cloud gaming industry. This partnership highlights Bit Digital’s strategic direction, which focuses on enhancing its AI capabilities through its existing digital asset mining infrastructure. Bit Digital and Boosteroid Ink Deal for GPU Servers According to Bit Digital (Nasdaq: BTBT), the agreement with Boosteroid is a pivotal step forward in the company’s growth plan. The term sheet lays out a plan where Bit Digital will provide graphics processing unit (GPU) servers to…

New York, NY – Franklin Templeton, a giant in global asset management, is making waves again. This time, they’re expanding their blockchain game by bringing their trailblazing on-chain money market fund to the Avalanche network. If you’re keeping tabs on the world of tokenized assets, this is one more sign that Avalanche is solidifying its place in the digital finance world.—Franklin Templeton’s OnChain U.S. Government Money Fund (FOBXX)—launched back in 2021—isn’t your typical mutual fund. It’s the first and only U.S.-registered mutual fund that uses a public blockchain to process transactions and track share ownership. That’s a big deal for…

Amid the ongoing controversy surrounding Wrapped Bitcoin and Tron (TRX) founder Justin Sun, an unknown crypto whale has accumulated a significant amount of Wrapped Bitcoin (WBTC). According to the data, the whale, which purchased 347 WBTC (worth $16 million) during the day, accumulated a total of 1,953 WBTC (worth $118 million) from Binance at an average price of 58,853 last week. According to EmberCN’s post, while the unknown whale was accumulating WBTC, Justin Sun’s address transferred 2,590 BTC worth a total of $156.41 million to Binance. While these transfers attracted the attention of the community, this brought to mind the…

API3, the web3 API economy, announces a groundbreaking partnership with Zeru Finance to enhance the security of decentralized finance (DeFi). API3 DAO shared this news with the user community through the X account. Through this partnership, Zeru will utilize the Oracle Stack of API3 to stay updated with the price feeds and to have secure and reliable access to the web3-related data. Things are heating up on @berachain 🐻⛓️@zerufinance is doing DeFi better by unlocking new opportunities with their zero-collateral loans. Secured by the API3 Oracle Stack. ⟁ https://t.co/VeiNA169Y2 — API3 (@API3DAO) August 23, 2024 API3’s Strategic Alliance with Zeru…