Author: NBTC
IBIT surpasses major competitors in year-to-date inflows as investor confidence grows. Key Takeaways BlackRock’s iShares Bitcoin Trust saw a significant influx of $329 million despite a dip in Bitcoin prices. The fund has surpassed Vanguard’s Total Stock Market ETF in terms of year-to-date inflows. BlackRock’s iShares Bitcoin Trust (IBIT) recorded around $329 million in new investments on Monday, even as Bitcoin’s value fell below $67,000. With the fund’s strong performance, US spot Bitcoin ETFs have successfully extended their winning streak to seven consecutive days with net buying exceeding $2.5 billion, according to Farside Investors data. US spot Bitcoin ETF Flows…
This major factor could propel XRP price for a dramatic explosion to unprecedented levels in the near future. Despite recording a low performance this year, XRP has continued to attract attention among crypto investors. Currently changing hands at $0.5235, XRP has lost 15.6% of its value year-to-date (YTD) and 16.7% in the past three months. SEC v. Ripple Appeal Tanks XRP Price This collapse is likely due to the SEC v. Ripple lawsuit entering the appeal phase. As observed earlier this month, XRP was trading around $0.60 before the SEC filed its notice of appeal on October 2. A few…
Following reports that Donald TRUMP’S team is considering creating a dedicated cryptocurrency policy position in the White House, Cardano (ADA) founder and leading voice in the blockchain space Charles HOSKINSON has joined the conversation. Hoskinson has expressed support for the idea and nominated Coinbase CEO Brian ARMSTRONG for the position, citing his leadership and fortitude in navigating the U.S. regulatory environment. In a public statement, Hoskinson said that impartiality and experience are important for the potential role. Hoskinson cited Armstrong’s experience at Coinbase, a leading cryptocurrency exchange that has faced regulatory challenges under the Biden administration, as evidence of his…
El Salvador is exploring innovative ways to enhance its Bitcoin mining operations, with President Nayib Bukele proposing a unique approach—renting out the country’s volcanoes to miners. The idea, shared in a Nov. 25 social media post on X (formerly Twitter), suggests that miners could tap into the geothermal energy produced by these natural wonders for sustainable Bitcoin mining. The inspiration came from a social media post highlighting El Salvador’s successful use of geothermal energy, which has already powered the mining of 474 BTC, valued at $46 million. In response to the post, Bukele pointed out that the nation has 170…
Bitcoin hit roughly $69,400 over the weekend before retreating slightly as wars rage on and the US election approaches. The asset’s price stood at roughly $67,600 at 4:30 pm ET — down about 2% on the day but up more than 7% from a week ago. BTC is about 8% off its all-time high price of more than $73,000 set in March. Compass Point analysts Joe Flynn and Ed Groshans said in a Friday research note they expect a new price peak for the asset in the coming weeks or months. The factors leading them to that conclusion include increasing…
Currently, ONDO, Gnosis, and Safe are leading the accumulation charts. The market capitalization of cryptocurrency is currently concentrated on many assets that have arrived at the phase analysts call the Accumulation Zone. This stage is followed by higher trading activity and low fluctuations, which might indicate that ‘whales,’ or major investors, are accumulating positions silently. TOP ASSETS IN THE ACCUMULATION ZONE $ONDO $W $CKB $SAFE $CHZ $GNO $XDC $ID $OSMO $ZETA pic.twitter.com/VPHluZ656v — PHOENIX – Crypto News & Analytics (@pnxgrp) October 29, 2024 Ondo Leads the Pack with Strong Market Cap For now, Ondo (ONDO) sits on the top of…
Wyoming-based crypto bank Custodia is reportedly deliberating more layoffs as it braces for ongoing regulatory scrutiny under the Biden administration. The decision comes as the crypto sector faces unprecedented challenges, including de-bankings and increasing pressure from US regulatory agencies. Meanwhile, cryptocurrency market participants remain hopeful of a better regulatory environment amid expectations of policy shifts with the incoming Donald Trump administration. Custodia Banks Plans More Layoffs Amid Regulatory Pressure Custodia Bank might enact more layoffs after retrenching 25% of its staff in August. This comes as the digital asset-focused bank continues to devote resources to its ongoing lawsuit with the…
Chirp, a decentralized telecommunications network operating on the Sui blockchain, unveiled its play-to-earn (P2E) game, Kage. Advertised as the first-ever DePIN (Decentralized Physical Infrastructure Network) P2E game, Kage meets players where entertainment, rewards, and real-world utility intersect. Chirp Turns Smartphones Into Crypto Miners With Kage, Chirp invites players to explore their surroundings by detecting wireless networks such as WiFi, Bluetooth, and cellular towers using their smartphones. This activity engages players in a gamified experience while rewarding them with CHIRP tokens, the native cryptocurrency for the Chirp ecosystem. Players will earn CHIRP as soon as they start playing the game and…
Shiba Inu lead developer, Shytoshi Kusama, reacts to claims that Bitcoin is the best-performing asset in the last decade by showing off SHIB’s extraordinary gain. The broader crypto market has witnessed an impressive performance this week, with the prices of various assets like Bitcoin (BTC) staging massive rallies. Following the rally, Bitcoin edged close to surpassing its previous all-time high of $73,750, set on March 14. However, it faced resistance, which led to its plunge to the $72,000 mark. Proponents Claim Bitcoin is the Best-Performing Asset in the Last Decade Commenting on Bitcoin’s outstanding performance, some proponents contended that BTC…
Ripple CEO Brad Garlinghouse has taken a strong stance against what he describes as the “unlawful war on crypto” led by the U.S. government under the Biden administration. In the interview, Garlinghouse also speaks about the challenges XRP and the broader crypto industry faced due to the hostile environment that has been created by the U.S. Securities and Exchange Commission (SEC) under the Biden administration. Joined @MorningsMaria to discuss a new dawn for crypto in the largest economy in the world under the Trump Administration. The industry has been asking for clear rules of the road for years – and…