Author: NBTC
VeChain is celebrating the success of Shanghai Tanlian Technology Co., Ltd., the company behind VeCarbon, for its work in promoting the goal of carbon neutrality. Amazon Cloud Technology is also working with the company to build and promote tools for carbon neutrality. Shanghai Tanlian has recently celebrated receiving a letter from the Shanghai Environment and Energy Exchange (referred to as the Shanghai Environmental Energy Exchange). In the letter, the company highlighted the success achieved between the two firms in their efforts to achieve carbon neutrality. The recent letter thanked the company for promoting China’s goal of carbon neutrality. With this…
The United States Federal Reserve is still undergoing negotiations regarding the development of its Central Bank Digital Currency (CBDC) dubbed the Digital Dollar. According to a Forbes report, closed-door meetings are underway as confirmed by sources in a recent meeting between Federal Reserve Chairman Jerome Powell and Democrats in the U.S. House Committee on Financial Services. Per the report, Powell told the Democrat members that Congress approval is ultimate in the push for the Digital Dollar. Conversations bordering on CBDCs are crucial in the global monetary landscape with Central Banks projecting new ways to embrace alternative currencies. The US CBDC…
Shibarium, the layer-2 blockchain associated with the meme-inspired cryptocurrency Shiba Inu (SHIB), has experienced a staggering surge of 128% in network activity. Data sourced from Shibariumscan indicates a remarkable spike, with daily transactions soaring from 1.07 million to an impressive 2.44 million in just a span of two days. This surge in network activity echoes previous instances where Shibarium witnessed significant spikes, notably toward the end of 2023, when daily transactions peaked at nearly 7.5 million. Such exponential growth in network activity often hints at potential price fluctuations within the associated cryptocurrencies. For instance, during the aforementioned period in late…
Top NFT news today, February 19, 2024: The Azuki collection is among the top performers per sales volume over the past 24 hours, Arcade announces an airdrop, and Yuga Labs acquires Proof. NFT Market Data Over the past 24 hours, the non-fungible token (NFT) sales volume is up 23% to $46,077,452. According to CryptoSlam, the number of buyers is down 2.4%, and the number of sellers is up 2.4%. Also, the number of transactions is unchanged over the past day. Meanwhile, Pandora is still in first place per sales volume at $5.4 million, holding its top NFT news position as…
While the market is currently talking about the Bitcoin halving, which is expected to take place next April, and possible Ethereum ETF approval in May, ETH attracts attention with its whale accumulation and strong performance. At this point, ETH, which has increased by nearly 4% in the last 24 hours, exceeded $ 2,900. ETH is also up more than 25% since the beginning of 2024, while investors and analysts expect Ethereum to surge towards $4,000. In the face of this expectation, it was stated that there was strong whale accumulation behind ETH’s rise today, while Lookonchain said that the whale…
The total amount of capital locked on Sui has risen from $211 million to $593 million since the turn of the year. The SUI token is up by 131% in the same period. Sui has now overtaken Aptos, Cardano and Near in terms of capital locked on DeFi protocols. Layer 1 blockchain Sui has experienced a sharp increase in inflows this month, a spike that has seen it overtake Cardano, Near and Aptos in terms of total value locked (TVL). The network, which was built by former Meta (META) employees, now has over $593 million in capital locked across various…
Stanley Druckenmiller, the legendary investor who was part of George Soros’ Quantum Fund, has dumped traditional tech stocks while putting funds into gold mining companies and artificial intelligence (AI) shares. According to filings, he sold Amazon, Alphabet (Google), and Broadcom stocks while acquiring shares of Barrick Gold and Newmont, two gold miners. Stanley Druckenmiller Sells Traditional Tech Stocks, Invests in Gold and AI Stanley Druckenmiller is making moves in the investment portfolio of his investment fund management firm, Duquesne Family Office. According to filings, the legendary investor is dumping part of its holdings in traditional tech companies and introducing new…
Bitcoin last danced below $50,000 on February 14, 2024, and has since then experienced a new height. BTC has maintained the jump above $50,000 conveniently, now opening up to speculation that it could soon surpass the milestone of $60,000 by summer, that is, June. Analysts said that Bitcoin can surge to that extent. They have, however, also issued a warning before diverting funds to the crypto sphere. For starters, all eyes are on the Bitcoin Halving event. It is scheduled to happen in April of this year. Bitcoin halving would slash mining rewards and bring down the number of tokens…
Bitcoin spot exchange-traded funds have been online in the US for only two months, but their performance has far eclipsed any other asset class. These ETFs recently hit a new milestone, drawing over $2.2 billion in inflows last week alone, shattering the previous weekly record set on the first week of trading. This is a particularly noteworthy development because, as senior Bloomberg analyst Eric Balchunas pointed out, this inflow skyrocketed past the 3,400 plus ETFs available in the US, like the SPLG US and the SPY US. Bitcoin ETF Inflows Surge Amid Competition Bitcoin ETFs have fully captured the interest…
In a recent tweet, computer scientist Edward Snowden argued that Bitcoin was the greatest invention since coinage. His tweets come after the asset’s recent rally that saw Robert Kiyosaki predict that Bitcoin would reach $100,000 “by June 2024.” Robert Kiyosaki predicted that Bitcoin would reach $100,000 in June 2024, even as former NSA whistleblower Edward Snowden reminded the community of the profundity of the asset. Why Kyosaki Supports Bitcoin Over CBDCs Kiyosaki predicted that Bitcoin’s price would reach $100,000 by June 2024, shortly after the Bitcoin halving in April. While he didn’t provide a reason, his comments about Bitcoin and…