Author: NBTC

WazirX is moving assets between cold wallets to secure user funds and prepare for final distribution. A Binance-linked wallet recently sent $200 million to a WazirX wallet, sparking speculation that Binance may assist with repayment. After months of silence following a massive $230 million hack in July 2024, WazirX, one of India’s leading cryptocurrency exchanges, has caught the attention of the crypto community with unusual wallet activity. According to the on-chain data, funds have been moving between wallets, and buying activity involving tokens like ETH, SHIB, PEPE, and LINK has raised speculation about a potential recovery plan. WazirX clarified that…

Michael Saylor, the executive chairman of business intelligence firm MicroStrategy, has urged the U.S. government to ditch gold in favor of Bitcoin. “Dump your gold. Sell all the US gold and buy Bitcoin. You will demonetize the entire gold asset class. And our enemies hold gold in their banks, so their assets would go to zero. Our assets would go to $100 trillion,” Saylor recently told Yahoo Finance. Saylor previously described gold as an “antiquated” store of value that peaked in the 19th century. “It’s not working. You can see that it’s not working. And the reason it doesn’t work…

Ethereum whale dominance is at the peak and it’s hard to ignore what this could mean for the future. It is highest in history so far. While smaller investors hold less than ever, whales are quietly accumulating more ETH. Is this a sign of another bull run, or something else entirely? Whales Are in Control As of now, 104 wallets hold over 100,000 ETH each. That’s 57.35% of Ethereum’s total supply, the highest level ever recorded. While these massive wallets grow in power, mid-sized investors (those holding between 100 and 100,000 ETH) now control just 33.46%, the lowest share in…

When you’re a heroic billionaire who helped finance the most controversial tech acquisition of the decade, you might want to remind people about it. Changpeng “CZ” Zhao, founder and former CEO of Binance, did exactly that. He posted a screenshot, showing an article about Binance throwing in $500 million to help Elon Musk buy Twitter (now X), and captioned it with a confident, “Happy to have contributed to the cause.” The response from Elon was: “Thanks!” The $44 billion journey: From shareholder to owner Elon’s road to owning Twitter was anything but smooth. It started in April 2022, when Elon…

XRP saw its price jump 21% over the last seven days and 13% over the last 24 hours, trading at $2.69 as of press time—just as the Ripple USD (RLUSD) stablecoin launches on the network. XRP was launched by the co-founders of Ripple Labs in 2012, but the company has gone to great lengths to stress that it is not the issuer of the token. Still, crypto traders know there’s a link and tend to consider good news for Ripple Labs, like its new stablecoin being approved by New York regulators, as an indicator that the XRP price will go…

Donald Trump unveils an aggressive plan to slash 10 regulations for every new one, promising unprecedented deregulation to spur jobs, innovation, and economic growth. Regulation Overhaul: Trump’s Ambitious 10-for-1 Cut Strategy Explained U.S. President-elect Donald Trump is gearing up to initiate sweeping regulatory reforms across numerous industries, promising significant changes aimed at boosting economic growth. Speaking on Monday, Trump emphasized his administration’s commitment to reducing regulations he described as harmful to job growth, outlining a bold regulatory approach. He stated: Already preparations are underway to slash massive numbers of job-killing regulations, eliminating 10 old regulations for every new one. You…

The U.S. Treasury Department recently likened Bitcoin to “digital gold,” emphasizing its primary use case as a store of value in the decentralized finance (DeFi) ecosystem. The statements come at a time when digital assets continue to grow steadily, with interest in both cryptocurrencies such as Bitcoin and Ethereum, as well as stablecoins. The Treasury Department acknowledged in its report that digital assets are growing rapidly, but noted that this growth is coming from a relatively small base. The report said, “Digital assets have witnessed rapid growth, albeit from a small base.” However, according to the report, the market value…

Ethereum’s price is back above $4,000 driven by strong buying and solid support levels. IntoTheBlock data shows 7.2 million ETH were bought just below $4,000. This shows strong demand from investors. This demand suggests that Ethereum’s price may stay above $4,000. As $ETH pushes back above $4000, a strong support level is solidifying just below this threshold.7.2 million ETH were purchased at prices slightly under $4,000, signaling significant demand. This demand should help sustain Ethereum’s value above the $4,000 level. pic.twitter.com/yAunfqcbY5 — IntoTheBlock (@intotheblock) December 17, 2024 Additionally, a high-profile move from Justin Sun, who applied to withdraw over 52,000…

Prof. Dr. Özgür Demirtaş, who made statements about Bitcoin (BTC) and cryptocurrencies, talked about crypto again. Economics professor Özgür Demirtaş, in his post from his X account, suggested a cryptocurrency for Türkiye. Demirtaş, while drawing attention to the fact that the increasing value of the Turkish Lira and the weakening of the Russian economy have a negative impact on the tourism sector, suggested that Turkey switch to a cryptocurrency payment system in order to overcome the difficulties in the tourism sector. Demirtaş stated that accepting payments with cryptocurrency could attract new tourists to the sector, and emphasized that this step…

Revolut has announced the official launch of its branch in Italy, along with the launch of the Italian IBAN. Now the Italian customers of the financial super app can use Revolut as their main account. Revolut: the official launch of the branch in Italy and the offer of an Italian IBAN Revolut and the launch of the Italian IBAN: the goal is to grow in Italy The milestone of 50 million customers globally Revolut: the official launch of the branch in Italy and the offer of an Italian IBAN Revolut, the global financial super app, has officially announced its branch…