Author: NBTC
Bitcoin, the world’s largest cryptocurrency by market capitalization, surpassed $71,000 for the first time, extending this year’s surge to nearly 70% thanks to massive inflows into U.S. exchange-traded funds. Amid Bitcoin’s climb to a new all-time high (ATH), a large 4,192 BTC buy has sparked intrigue and excitement within the crypto community. Spot On Chain, an on-chain analytics firm, reported an intriguing move by a new crypto whale when Bitcoin approached $71,000. The $BTC price broke $71,000, recording a new ATH!Fresh whale 3Khjn withdrew a total of 4,192 $BTC from #Binance at ~$68,937 (cost: $289M) in the past 1.5 days,…
According to Reuters, people with knowledge of the matter said that US companies applying for Ethereum ETF expect the SEC to reject their ETH ETF applications. According to Reuters, people with knowledge of the matter said that US companies applying for Ethereum ETF expect the SEC to reject their ETH ETF applications. Four people who spoke to Reuters said that US issuers have given up hope on Ethereum ETFs and that they expect the SEC to reject ETH ETF applications because the meetings with the SEC in recent weeks have not been productive. Recent meetings between ETH ETF issuers and…
As artificial intelligence (AI) continues its upward climb, experts at Research and Markets are predicting regulatory technology (Regtech) to be the next biggest driver of adoption. According to a report, AI in the regtech vertical is expected to soar to $6.64 billion before the end of 2028 from its current $1.37 billion. The massive jump represents a compound annual growth rate (CAGR) of 36.9%, with several enterprises turning their gaze to AI for regulatory compliance. The report highlights several factors responsible for the surge of AI in regtech, including the requirement for real-time monitoring and reporting to protect consumers. Other…
Whale Alert has recently reported a significant movement of Solana (SOL) tokens. A whopping 108,010 SOL, equivalent to approximately $20,486,950, was transferred from an unknown wallet to popular cryptocurrency exchange Binance. This substantial transfer has caught the attention of the Solana community, leading to questions about the intentions behind such a major move. The transaction suggests that a large holder of Solana, often referred to as a “whale,” might be offloading their SOL holdings. Such large-scale movements on the crypto market can have a considerable impact on the asset’s price and market sentiment. Moreover, this transfer might intensify trading activity…
In a recent development on the cryptocurrency market, approximately $500 million worth of Ethereum (ETH) has been transferred to a wallet linked to Justin Sun, the founder of TRON. According to a tweet by Lookonchain, a prominent crypto analyst, it appears that Sun has withdrawn 7,128 ETH, equivalent to $22.34 million, from the Binance exchange. This transaction was completed earlier today. Moreover, Lookonchain revealed that the TRON founder has purchased a staggering 154,570 ETH, valued at $492.23 million, at an average price of $3,177, since April 8. The significant movement of Ethereum by Sun has not only drawn attention to…
In October 2023, a central bank digital currency (CBDC) pilot program by the Bank of Thailand came to an end. It tested a tokenized Thai baht on a centralized ledger and involved 4,000 consumers, 140 merchants and the tech firm Giesecke+Devrient. While the Thai central bank was happy with the results and thought a CBDC would help promote innovation, it reported that it had no plans to push ahead with a digital baht immediately. That said, the central bank will open a sandbox for private programmable payments andtokenization. It will also continue its work with the Hong Kong Monetary Authority…
Chainlink’s secure oracles are essential for verifying off-chain data in asset tokenization, ensuring transparency and reliability. Proof of Reserve validates the backing of tokenized assets, preventing fraud and enhancing investor confidence. In a recent report by Coalition Greenwich, the potential impact of tokenization on derivatives trading has been underscored. The report highlights the transformative potential of tokenization, particularly in streamlining trading and clearing workflows for asset managers. However, asset tokenization’s success hinges on external data’s reliability, a challenge effectively addressed by Chainlink’s secure oracles. “For end users, tokenization ranked as the biggest potential game-changer for the trading and clearing workflow,”…
Earlier today, Bitcoin broke through to yet another ATM (all-time high) when its price reached 71,815.00 – and then most recently 72,000 – to the US dollar. According to CompaniesMarketCap, this means that Bitcoin, with a market cap of $1,409 trillion, is officially the eighth largest financial asset in the world. According to Watcher.Guru on X (formerly Twitter) as well, Bitcoin is now the eighth largest individual asset market, surpassing precious metal silver in value. This also means that Bitcoin is worth more than both Meta Platforms and Warren Buffett’s company Berkshire Hathaway. The Bitcoin price has climbed by over…
Ethereum’s spot premium reaches peak since October 2023, signaling heightened investor interest. Analysis suggests factors like positive news and price expectations drive Ethereum’s spot premium. Ethereum’s spot premium surge aligns with a strengthening price, boosting confidence among investors. The crypto realm is once again buzzing with excitement as Ethereum (ETH), a titan in the digital currency domain, witnesses a surge in its spot premium, marking a milestone not seen since October 2023. This surge signals a positive turn for crypto enthusiasts, promising lucrative opportunities in the ever-volatile market. According to insights from esteemed crypto analyst Daan Crypto Trades, Ethereum’s spot…
Digital currency is quickly becoming a regular part of modern finance, and PayPal is catching up. Recently, PayPal has strategically moved into the cryptocurrency world, a move that has captured the interests of many. The company’s recently reported holdings are over USD 1 billion, already making it a huge player in the world of digital currency. Those learning more about PayPal’s role in the crypto world should make note of one fact: these assets belong to PayPal’s customers, not PayPal itself. This milestone is still impressive, but it’s an important distinction to note that PayPal is heavily trusted as an…