Author: NBTC

Bitcoin is currently hovering above a key support level, and any minor selloff triggered by a group of traders could potentially snowball into a wave of intense selling pressure. This fragile situation is underscored by data from the on-chain analytics firm Santiment, which revealed that over 30,000 BTC, valued at approximately $1.83 billion, has been transferred to crypto exchanges within a short period. Undoubtedly, such a huge amount of BTC entering crypto exchanges is problematic, especially in terms of a bullish outlook for the cryptocurrency. 30,000 BTC Sold In 72 Hours According to Santiment data highlighted by crypto analyst Ali…

The latest statistics disclose a significant development in crypto projects in terms of social media-related activity. As per the data from the popular on-chain analytic firm Phoenix, $FLOKI, $FET, and $ICP are leading crypto projects on social media. The analytics provider shared the list of these projects on its official social media account on X. TOP #NFT PROJECTS BY SOCIAL ACTIVITY$FLOKI $FET $ICP $XTZ $VRA $SAND $AXS $IMX $GALA $W pic.twitter.com/kqlt016vTT — PHOENIX – Crypto News & Analytics (@pnxgrp) October 19, 2024 $FLOKI Tops the List of Crypto Projects Based on Social Activity As per the list, $FLOKI occupies the…

There seems to be no love lost between Elon Musk and Sam Altman. The former allies turned rivals have played out their differences in the public, indicating the depth of their rift. The most recent case involves a tweet from the Open AI boss and the SpaceX chief executive’s response. Altman had taken to X to congratulate president-elect Donald Trump’s AI and crypto policy chief nominee, David Sacks. Little did he know that the post would earn him ridicule from the world’s richest man. Yet he precisely got that, with the outspoken X owner and Trump ally responding with an…

Bitcoin mining hardware giant Bitmain announced the launch of a new US-based production line, a strategic move aimed at mitigating delays caused by customs holds and navigating escalating trade tensions. In a Dec. 9 statement, Bitmain highlighted the benefits of local production, stating: “This strategic move aims to provide faster response times and more efficient services to North American customers.” The first batch of US-made Antminer S21 Pro units is set to be delivered this December. The decision follows reports of significant hold-ups by the US Customs and Border Protection (CBP), which has detained shipments of Bitmain’s Antminer devices over…

Bitcoin-based non-fungible token (NFT) protocol Runes has seen transaction volume increase in the past week, according to data from Dune analytics. With the rise in Runes transactions, the protocol is gradually regaining a significant percentage of the transaction volume on the Bitcoin network. According to the Dune Analytics data compiled by Cryptokoryo, Runes accounted for around a quarter of all Bitcoin network transactions over the past week. The protocol recorded as high as 19.4% of the transactions on October 7, but it fell to around 12% by October 10. Though this is a far cry from its peak performance in…

Since Jan. 1, bitcoin has climbed over 62% in the last 293 days. Throughout 2024, meme coins have managed to grab the spotlight in terms of market performance, with one clear leader: giga chad (GIGA). This digital asset surged an astonishing 123,929.02% against the dollar since the year kicked off. Following in GIGA’s wake, several other meme coins also saw impressive gains this year. In 293 Days, Giga Chad Becomes 2024’s Star Performer Crypto enthusiasts who backed specific meme coins in 2024 are likely quite pleased with the results. These playful assets have outperformed bitcoin (BTC) and ether (ETH), the…

The European Union (EU) will have new AML regulations, taking effect next year, to tighten its oversight against money laundering and terrorist financing in the crypto space. The new AML framework includes the start of another regulatory authority, the Anti-Money Laundering Authority (AMLA), which is set to foster collaboration among key authorities and reduce risks in the EU’s financial system. The EU has been working on AML/CFT regulations since 2018 In 2018, the European Union introduced some AML/CFT guides. However, back then, the regulations were only applicable to custodian wallet providers and crypto-to-fiat currency service providers. They were also confined…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. MicroStrategy has bought more bitcoin, and an analyst team has upped its Coinbase stock price target. But first a look at bitcoin miners, which are increasingly raising capital via convertible note issuances. Bitdeer last month unveiled a $360 million convertible senior notes offering. Then last week, Marathon Digital, Core Scientific and Iris Energy initiated convertible notes offerings — amounting to $850 million, $550 million and $400 million, respectively. Seven publicly traded BTC miners and data center companies have raised a combined $5.2 billion via convertible notes…

The cryptocurrency market is witnessing a growing trend among large Bitcoin holders, commonly called “whales.” As of October 2024, these whales have collectively amassed 267,000 BTC—a sharp rise of 75,000 BTC since September. This accumulation phase has captured attention, especially since it aligns with key market developments in the Bitcoin options space. Active Bitcoin whales now hold more $BTC than ever, with their combined balance reaching nearly 267,000 BTC — a 75,000 BTC increase since September, Whales are accumulating. pic.twitter.com/Tj1R7jpExC — Satoshi Club (@esatoshiclub) October 11, 2024 Despite this bullish behavior from large investors, the token’s options market paints a…

Rick McCracken, a notable contributor to the Cardano ecosystem and operator of a staking pool with over 200 million locked ADA tokens, recently highlighted concerns regarding the Cardano community’s approach to marketing and visibility. In his latest post, McCracken highlighted a growing divide among community members regarding the need for marketing efforts, venture capital support and liquidity incentives for ADA. His comments come as several influential figures on X have expressed skepticism about ADA’s market capitalization, which exceeds that of several popular meme cryptocurrencies. They have noted that in the current market cycle, ADA’s $12.5 billion valuation seems disproportionate when…