Author: NBTC

Bitcoin’s price on Monday, March 11, 2024, shows a bullish trend is undeniably in the air. The day unfurled with bitcoin dancing between $67,785 and $71,837, revealing a bullish sentiment amidst traders. This swing is underpinned by a robust market capitalization of $1.4 trillion, with a notable 24-hour trading volume of $48.50 billion. Bitcoin Our journey through bitcoin’s (BTC) oscillators reveals a mixed bag of neutral and bullish signals, with the relative strength index (RSI) brushing close to overbought territory at 79. Yet, it’s the moving averages (MAs) that paint a clearer picture of bullish conviction. Across various time frames,…

The cryptocurrency community is abuzz with speculation as two separate transactions involving a significant quantity of Ethereum (ETH) were offloaded to Coinbase, one of the leading cryptocurrency exchanges. The transactions, each amounting to a staggering 10,911 ETH, raised questions and sparked speculation about the motives behind the move and its potential implications for the broader market. Crypto data tracker WhaleAlert reports two transactions, each labeled “10,911 ETH worth $33,986,479 transferred from an unknown wallet to Coinbase.” The two transactions occurred within the last 24 hours, with each transferring the sum of 10,911 ETH to Coinbase’s wallet address. 🚨 🚨 10,911…

Asset manager Franklin Templeton said Thursday that it has enabled peer-to-peer token transfers for its $380 million tokenized money market fund, a key step to make the offering more interconnected to the broader digital asset economy similar to rivals. The move allows investors of the Franklin OnChain U.S. Government Money Fund (FOBXX) to transfer the fund’s BENJI token between each other without any intermediary. The BENJI token, available on the Stellar (XLM) and Polygon (MATIC) blockchains, represents shares in the fund that holds government securities, cash and repurchase agreements and pays out a steady yield to token holders. “Allowing fund…

Dog-themed cryptocurrency Shiba Inu (SHIB) is on the brink of achieving a significant milestone, approaching the four million mark in total addresses, which refers to all addresses that have ever been created and at one point have held SHIB, including those that still do. This comes as the SHIB adoption rate has significantly increased, indicating growing interest in the cryptocurrency. IntoTheBlock data indicates that Shiba Inu has reached 3.98 million total addresses, boosted by a surge in new addresses being created as SHIB peaked at highs of $0.00004575 on March 5. According to data from the same source, Shiba Inu’s…

In a significant move to enhance user accessibility and ease of use, TokenFi, a pioneering platform in cryptocurrency and real-world asset tokenization, has partnered with Alchemy Pay to integrate a robust fiat-to-crypto gateway. This strategic alliance leverages Alchemy Pay’s acclaimed On-Ramp solution, enabling users worldwide to purchase TokenFi’s native token, $TOKEN, using their local currencies and preferred payment methods. Simplifying Crypto Transactions with Alchemy Pay Alchemy Pay is renowned for bridging the gap between fiat currencies and cryptocurrencies, providing a seamless conversion that caters to a global audience. With the integration of Alchemy Pay’s On-Ramp service, TokenFi users can now…

US spot bitcoin ETFs nearly equaled the weekly net inflow record the products set last month as BTC’s price reached new highs. As the Grayscale Bitcoin Trust ETF (GBTC) continues to see daily net outflows, its nine competitors have now collectively surpassed GBTC in assets under management. The 10-fund US spot bitcoin ETF category brought in $2.24 billion last week, according to BitMEX Research data. This total all but matched the combined $2.27 billion of net money entering the funds from Feb. 12 to Feb. 16. The near-record weekly net inflows for the segment came amid a week during which…

CARV announces a $10M Series A funding to enhance its gaming and AI data layer, supported by Tribe Capital and IOSG Ventures. Data layer CARV announced a successful $10 million through a Series A funding round led by Tribe Capital and IOSG Ventures, including participation from ConsenSys, OKX Ventures, Fenbushi Capital, and others. This financial boost will enable CARV to expand its data layer, which is designed to maximize data innovation and promote a user-owned internet. “The backing from these top investors underscores their confidence in our mission to reshape data ownership and value distribution,” said Victor Yu, CARV co-founder.…

Stablecoin supply on the layer-1 blockchain network Solana has increased steadily since the beginning of the year, crossing the $3 billion mark during the past week. Data from the blockchain analytical platform Artemis shows that the stablecoin supply on the network has increased by 55.72% in the last three months to reach $3.12 billion. Notably, this number pales significantly against the balance on the network in 2022, when more than $6 billion worth of these assets were on the blockchain. However, it plummeted to as low as $1.4 billion during the bear market situation before embarking on the recent upward…

OKX Ventures, the investment branch of the prominent crypto exchange OKX, has started investment. As per the platform, it is commencing the series A investment round for the earliest Ethereum MoveVM L2 network “Movement Labs” which is a revolutionary blockchain development platform. OKX disclosed this development on its X account. We are thrilled to announce the series A round investment for @movementlabsxyz, the first ethereum MoveVM layer 2 networkhttps://t.co/WaqniYVRRq pic.twitter.com/sV2fMgfVU2 — OKX Ventures (@OKX_Ventures) April 25, 2024 OKX Ventures Commences Series A Investment Specified for Movement Labs In addition to this, the crypto exchange also shared a blog post on…

The meme coin economy, led by top cryptocurrencies Dogecoin (DOGE) and Shiba Inu (SHIB), has recently surpassed $56 billion in market capitalization. On-chain analytics firm IntoTheBlock draws attention to this development, noting that the total market capitalization for the meme coin category recently hit a cycle peak of over $56 billion. The total market capitalization for the meme coin category recently hit a cycle peak of over $56 billion. pic.twitter.com/vUXWS2is3h — IntoTheBlock (@intotheblock) April 2, 2024 This has now been surpassed, with the total meme token market capitalization presently at $59.33 billion, according to CoinMarketCap data.While the broader cryptocurrency market…