Author: NBTC

Bitcoin (BTC) has flashed “glimmers of speculative activity” after consolidating for a couple of months, according to the crypto analytics firm Glassnode. In a new analysis, Glassnode notes that new buyers and investors who have held BTC between six months and three years are holding unrealized profits. “This observation is bolstered by the fact that only 0.03% of the Long-Term Holders are in a position of loss, which is typical of the early euphoric phase of a bull market. Over the last 2-months, the Sell-Side Risk Ratio for both Long and Short-Term Holders has reset and returned to an equilibrium.…

The Bitstamp acquisition is a strategic move by Robinhood to expand its crypto business, the report said. Bernstein said that by acquiring an exchange the trading platform can offer markets in many more tokens. JMP said it doesn’t expect material accretion from the deal. Robinhood’s (HOOD) acquisition of Bitstamp is a strategic move by the trading platform to expand its crypto business and positions the company well against competitors such as Coinbase (COIN) and Kraken, broker Bernstein said in a research report on Friday. The broker notes that Bitstamp, as one of the oldest exchanges that offers crypto, Robinhood has…

A new solution for the global supply chain, known as the Virtual Watch Tower (VWT), is in the pipeline, creating a decentralized global community that seamlessly shares data to improve the ecosystem. The TLIP community, founded by the IOTA Foundation and Trademark Africa, is the first responder and aims to integrate its solutions into the upcoming global decentralized database. Despite massive technological advances, the global supply chain and logistics industry has lagged behind, with most processes being opaque, siloed and paper-based. This is all set to change with the advent of a new decentralized solution, and the IOTA Foundation will…

Kraken Pro, an advanced cryptocurrency trading platform, has announced the listing of a new trading pair: DOGE/GBP. This addition comes just days after the exchange introduced the DOGE/AUD pair, signaling its commitment to expanding its offerings for Dogecoin traders around the globe. The introduction of the DOGE/GBP trading pair allows traders to directly trade Dogecoin against the British Pound. This move is expected to enhance liquidity and accessibility for DOGE in the crypto market, providing more options for users to engage with the popular cryptocurrency. 📣 New trading pair available for spot✔️ DOGE/GBPStart trading now: https://t.co/W0n7h066tr*Geographic restrictions apply pic.twitter.com/zRQAK4iCjZ —…

Crypto exchange Coinbase has unveiled a new metric dubbed the h-index to address distortions in tracking onchain adoption caused by airdrop-related activities. Coinbase, a publicly traded U.S.-based cryptocurrency exchange, known for its development of Base, a layer-2 solution for Ethereum, has introduced a new metric to provide a more accurate measure of blockchain network adoption. This new metric aims to mitigate distortions caused by airdrop-related activities and Sybil attacks. In a research report on Friday, Coinbase noted that investments in blockchain infrastructure have led to an excess of blockspace, making onchain transactions cheaper and fueling networks with a new wave…

Chart data indicates Bitcoin (BTC) has the potential to spike to the $1 million price level if it mirrors the pattern it recorded between 2013 and 2017. Aurelion Ohayon, a former Mathematical Logic professor and the creator of the XOR trading machine, presented this chart data in one of his analyses of Bitcoin’s price movements. The analysis was further shared on X by Thomas Fahrer, co-founder of crypto review resource Apollo. Who needs to see this? #Bitcoin pic.twitter.com/qBByIdhLKe — Thomas | heyapollo.com (@thomas_fahrer) June 6, 2024 Ohayon leveraged the daily BTC/USD chart to make his ambitious projections amid sustained optimism.…

For a while on Friday morning it looked as though the GameStop share price might rise high enough to make Keith Gill (better known as Roaring Kitty and DeepFuckingValue) into a billionaire before markets had even opened in the U.S. The meme stock trader and financial influencer has been sharing screenshots of his massive GME position in the Superstonk subreddit. And if GME had made it all the way to $65, the position that started with a $116 million investment would have ballooned to be worth $1 billion. But then the video game retailer, which has become the quintessential meme…

Uniswap v4 enters code freeze, preparing for deployment later this year. Render Network proposes Blender Cycles integration for enhanced 3D rendering. Uniswap invites early testers for the Extension Beta access program. Uniswap and Render Network have both unveiled significant updates to their ecosystems, signaling further advancements in the decentralized finance (DeFi) and 3D content creation spaces. 📣🦄 PSA: Uniswap v4-core (PoolManager) is entering a code-freeze soon™️What does this mean?v4 features will be considered code complete.🟣 No more features, additions, or refactors🟣 No more breaking changes (i.e. the removal of hook permissions, how dynamic fees are… — Uniswap Foundation (@UniswapFND) April…

Key Points: Binance active users achieved growth of more than 30 million in early 2024 despite legal challenges. The exchange secured regulatory approvals and lifted a 10-month Mastercard restriction. Binance, the leading cryptocurrency exchange globally, has demonstrated substantial growth in 2024 despite facing significant legal challenges and government scrutiny. Binance Active Users Reached 200 Million Mark 2 Binance Active Users Achieve Major Growth in 2024 Binance active users increased by over 30 million in the first half of the year, highlighting the platform’s resilience and continued user trust amid ongoing turbulence in the cryptocurrency market. The increase in users from…

Neo has been added to the PoPP AI Chrome Box Plugin, allowing users to access an AI-assistant tool and obtain information and answers to their Neo-specific inquiries. Alongside the AI assistant, the PoPP Chrome extension also offers a chat feature, allowing users to interact in real-time with others about projects within the PoP Planet ecosystem, such as Neo. PoP Planet is a social communication dApp that allows users to curate communities and deploy digital assets. The team seeks to incorporate blockchain to empower creators and key opinion leaders to monetize their influence and manage communities. Neo Global Development and PoP…