Author: NBTC

TRON founder Justin Sun, a famous cryptocurrency personality, withdrew 519 BTC (worth approximately $24.85 million) from Binance just six hours before the significant increase in Bitcoin’s price. Over the past two months, Sun has withdrawn a total of 1,677 BTC (approximately $75 million) from Binance, with the average price per Bitcoin withdrawn being $44,741. In another notable move, an unidentified whale deposited 244,958 LINK (approximately $4.96 million) on Binance two hours ago, potentially selling for a profit. The same whale had previously withdrawn 495,057 LINK (worth approximately $7.5 million) from Binance on January 28, February 2, and February 7, trading…

Ethereum Name Service (ENS) is enjoying bullish momentum in 2024 thus far, gaining 96% over the past week, per CoinGecko data. The surge comes after ENS experienced a massive drawdown in 2023 due to the longstanding crypto winter and regulatory uncertainties. In June, ENS witnessed a bloodbath triggered by regulatory actions against leading exchanges, hitting a five-year low of $6.69. ENS started sliding from its all-time high of $83.40 on Nov. 11, 2021, ending with a cycle low. The bear market continued till 2023. At the time of writing, ENS is exchanging hands for $24.8, representing a 96 % increase…

It’s the final day of the World Economic Forum (WEF) held in Davos-Klosters between 14-19 January 2024 – a global event bringing together the most influential players in politics and business to discuss the upcoming trends in business. It was only a matter of time before the topic of “tokenization” was addressed by the biggest crypto players in the sector. What is Tokenization? Unless you have been living under a rock, many will of heard it is the new buzzword circulating Wall Street. Forget initial coin offerings (ICOs) security token offerings (STOs) and initial exchange offerings (IEOs), non-fungible tokens (NFTs)…

Recent update on the Shibburn transaction tracker shows a positive shift in the SHIB burn rate. The aforementioned metric staged a rise despite the SHIB price bouncing back after the overnight increase. Some members of the SHIB community are asking questions about whether the transition to automated SHIB burns is still on agenda. SHIB burns rise almost 128% but questions rise According to the aforementioned data source, over the span of the last 24 hours, the SHIB burn rate has increased by 127.41%. In the course of three transactions, a total of 17,393,421 SHIB have been burned. Almost all of…

Bitcoin ETF approval stood as a landmark decision for the digital asset world. Since its debut, Bitcoin ETFs have garnered a lot of attention and have seen inflows stabilize slowly. According to a Bloomberg report, the ETF launch has now been termed “successful” as the trading has now surpassed multiple records. Bitcoin ETF was deemed successful with the inaugural month According to Bloomberg, both ETF insiders and cryptocurrency supporters agree that a month after their launch, Bitcoin ETFs are demonstrating unquestionable success on important trading metrics. The report adds that after around 21 trading days, the funds have received net…

A previously inactive Ethereum address holding a substantial amount of ETH has suddenly become active. According to Whale Alert, a service that tracks large cryptocurrency transactions, this pre-mine Ethereum address, containing 200 ETH (equivalent to $506,140), has shown activity after lying dormant for over eight and a half years. Other recent transfers Often, the activation of long-dormant cryptocurrency addresses stirs speculation and interest within the crypto industry. Such movements are typically linked to early adopters or investors who had mined or purchased cryptocurrencies like Ethereum during their initial phases. The recent activation of this address is not an isolated incident.…

Root Protocol, a digital identity service aiming to unify access to Web3 platforms, has raised $10 million across two seed rounds. The funding rounds, which gave Root a $100 million valuation, were led by Animoca Brands and included contributions from a slew of other notable investors, including Signum Capital, Ankr Network, CMS Holdings and angel investors Tekin Salimi and Meltem Demirors. Root Protocol is building a Web3 operating system that will serve as a digital identity aggregator, becoming “a one-stop station for all things decentralized identity” to make accessing different Web3 platforms a more seamless process, according to an emailed…

STRK airdrop has made a comeback with Voyager, a Starknet blockchain explorer, releasing its data dashboard. In a post on social media platform X, the block explorer made the STRK airdrop data dashboard page available, indicating that the airdrop is almost here. Voyager’s STRK Airdrop to happen soon The STRK airdrop data dashboard page was made public by Starknet blockchain explorer Voyager. The web page now indicates that the airdrop will be soon announced, sparking positive hopes among users. However, it did not disclose details about an expected date or timeline, keeping the trajectory speculative. By fostering trust and community…

Bitcoin (BTC) has crossed the $50,000 threshold, the highest level since 2021, causing an upheaval in the market and drawing the interest of investors worldwide. This rise is attributable to large money inflows into Bitcoin ETFs, a bullish options market, and supportive trends in the futures market. At press time, BTC was trading at $49,763, up 3.40% from the intra-day low. Concurrently, the market capitalization and 24-hour trading volume surged by 3.37% and 53.93% respectively to $975,622,225,763 and $31,647,716,268. BTC/USD 1-day price chart Bitcoin ETF Inflows Boost Confidence The main force that propelled Bitcoin to go beyond the $50K is…

As the value of cryptocurrencies has risen, the non-fungible token (NFT) market has experienced a 35.14% increase in sales compared to the preceding week. This marks the third consecutive week of sales growth in the NFT sector, with NFTs based on Bitcoin leading the charge throughout this period. NFT Sales Surge Past $412 Million in Weekly Market Triumph Data gathered by Cryptoslam.io this weekend reveals that NFT sales over the last seven days amounted to $412,384,130, marking a 35.14% uptick from the sales figures of the previous week. Among the 21 different blockchains analyzed for NFT sales volumes, Bitcoin was…