Author: NBTC

El Salvador President Nayib Bukele shared a strong message that his country continues to embrace Bitcoin. The Central American country, which came to the fore last year by being the first country to accept Bitcoin as legal tender, has been purchasing 1 Bitcoin every day since November 17, 2022. “We decided to transfer the bulk of our Bitcoin to a cold wallet and store this cold wallet in a physical vault on our national territory,” Bukele said in a recent statement. He called this strategy “the first Bitcoin piggy bank.” Bukele also shared another message after this cold wallet application…

The newly launched Automated Market Maker (AMM) engine on XRP Ledger (XRPL) has received a major new update. Dubbed the “fixAMMOverflowOffer,” the update was launched on the mainnet after a stress test voting period that saw it reach a 100% consensus. XRPL AMM amendment The fixAMMOverflowOffer was released in v2.1.1, and it hopes to fix the improper handling of large synthetic AMM offers in the payment engine. The XRP Ledger in itself is evolving at a very fast pace, a trend that has necessitated the launch of related engines that can help it match up with other competing layer-1 blockchain…

Bitcoin’s recent price dip to $67,000 marks a pivotal moment for investors and traders alike. Despite a 3.5% decrease, technical analysis suggests a possible test of the $59,000 support level, indicating a volatile yet upward trajectory. “The journey to $100K is fraught with volatility, but the underlying support at $47,200 remains a beacon of hope,” experts claim. This analysis delves into Bitcoin’s current market dynamics, exploring potential movements and the critical support levels that could dictate its path to $100,000. Deciphering Bitcoin’s Current Dip BTCUSDT Daily Chart on Bitstamp Bitcoin’s recent downturn to $67,000 reflects a broader market sentiment influenced…

In a recent LinkedIn post, David Duong, Head of Institutional Research at Coinbase, offers a window into the performance of various Bitcoin investment strategies following the launch of ten spot Bitcoin ETFs in the United States on Janaury 11. According to Duong, investing directly in Bitcoin, with reference to the CME Bitcoin Reference Rate NY, has yielded a significant return of 57% for investors. This observation points to a robust period for Bitcoin’s market valuation and investor confidence. Similarly, the introduction of US-based spot Bitcoin ETFs has closely aligned with this positive trend, achieving an AUM weighted return of 59%.…

Bitcoin, the world’s largest cryptocurrency, may soon lose its status as a volatile asset, according to Bitwise Asset Management Chief Investment Officer Matt Hougan. Hougan attributes this change to the significant decline in Bitcoin’s price fluctuations over the past decade. Hougan explained that the current Bitcoin market is fundamentally fueled by a simple supply-demand imbalance. “We have a huge new source of demand coming from these ETFs, and we have an inelastic supply,” Hougan told CNBC’s “ETF Edge” on Monday. The first Bitcoin exchange-traded funds (ETFs) began trading on January 11. Since then, the BTC price has increased by more…

UniMe’s recent update introduces a History feature and enhances credential management, making strides towards eIDAS 2.0 compliance. Integration of IOTA support in the upcoming update highlights a significant move towards interoperable European Identity Wallets. Impierce Technologies has recently upgraded their UniMe – Identity Wallet app, emphasizing the addition of a new History feature and the enhancement of user experience in credential management. Developed by Impierce Technologies with inputs from Digital Zen’s Andrew Brough (renowned for Firefly, Selv, and other IOTA projects) and Filancore, UniMe is set to incorporate IOTA support in its upcoming update, aiming to augment interoperability with diverse…

Coinbase UK CEO Daniel Seifert described the launch of Bitcoin ETFs in the US as a ‘tremendous turning point’ for the global cryptocurrency industry in a recent interview. He also described the upcoming launch of cryptocurrency Exchange-Traded Notes (ETNs) in the UK as a ‘positive step’ forward. Seifert had previously discussed the potential of crypto ETNs with UK Treasury Economic Secretary Bim Afolami at a Coinbase event. He expressed his belief that these financial instruments will be beneficial for the crypto industry and can help the UK become a major hub for cryptocurrency. The UK’s market regulator, the Financial Conduct…

The narrative surrounding artificial intelligence (AI) within the crypto sector is experiencing a powerful resurgence. This renewed interest drives substantial gains for projects at the forefront of AI integration, with Bittensor (TAO) and Toncoin (TON) leading the charge. On April 11, 2024, Bittensor (TAO) and Toncoin (TON) experienced significant gains in the Asian market time. Renewed Hype Fuels Bittensor (TAO) and Toncoin (TON) Surge TAO, Bittensor’s native token, witnessed a sharp price increase following its listing announcement on the major crypto exchange Binance. The exchange will offer spot trading pairs for TAO/BTC, TAO/USDT, TAO/FDUSD, and TAO/TRY, starting April 11, 2024,…

A trader who rode the 2023 crypto breakout is warning that Bitcoin’s (BTC) strong uptrend is flashing signs of weakness for the first time since the spot market exchange-traded funds (ETFs) were approved in January. In a new strategy session, pseudonymous trader DonAlt tells his 58,000 YouTube subscribers that BTC’s strong uptrend this year is beginning to show signs of exhaustion. “Since the ETF candle, we just had consolidation [then] up, consolidation [then] up, consolidation [then] up, up, up. And this one’s the first time where that hasn’t happened, [and it] led to a dump… This is a little bit…

Shibarium, a prominent blockchain platform from Shiba Inu, witnessed a staggering 97.7% drop in transaction activity within just 24 hours. According to data provided by Shibariumscan, the number of transactions plummeted from 242,300 on April 9 to 5,630 on April 10. Remarkably, while Shibarium experienced this significant decline in transaction volume, other metrics within the Shiba Inu network remained relatively stable. For instance, the number of active accounts interacting within Shibarium has held steady at 72,000 over the past five days. Moreover, there has been a notable increase in the creation of new accounts, rising from 536 to 626. The…