Author: NBTC

Quick Take On March 14, Bitcoin reached its all-time high, followed by a significant drop to around $60,800. Data reveals that whales holding 1,000 or more Bitcoins offloaded approximately $8 billion worth of profits at the peak. Investors who hold 100,000 Bitcoin or more took profits for the first time since May 2023, when Bitcoin traded at roughly $27,500. Analyzing the spending pattern, they offloaded approximately $1 billion worth of profit each day from March 6 to March 12. Comparing the March 2024 all-time high (ATH) of roughly $73,500 to the April and November 2021 ATHs of approximately $63,000 and…

The quest for passive income through crypto investments requires a nuanced understanding of the market, personalized strategies, and a cautious approach to high-yield promises. It is important to understand the importance of aligning investment approaches with individual goals and risk tolerance, while navigating the decentralized finance (DeFi) sector. One DeFi Protocol Does Not Fit All In a recent interview with BeInCrypto, Lucas Kiely, CIO at Yield App, shared his insights on effective strategies for earning passive income through cryptocurrency. He emphasized the importance of aligning investment strategies with individual goals and risk tolerance. “What constitutes an ‘effective strategy’ very much…

Now that the U.S. Securities and Exchange Commission has approved eight spot Ethereum ETFs, the next crypto battle is brewing on what “approved” actually means. That was the debate raging on Polymarkets, at least, after crypto degens bet over $13 million that the SEC would approve a spot Ethereum ETF by March 31. The open wager went live on January 9 as anticipation of the SEC approval for the first Bitcoin ETFs reached a fever pitch. The fundamental question driving any potential Ethereum ETF approval was whether Ethereum is a security or a commodity—and whether Bitcoin had cleared the path…

Recent disclosures have revealed substantial changes within Ripple’s blockchain payment protocol in response to Bill Morgan’s concerns about the SEC legal battle and Ripple’s On-Demand Liquidity (ODL) operations. Ripple has transitioned its ODL services for US clients from XRP to Tether’s USDT, as indicated in a recent court filing. Ok Matt. Didn’t have time yesterday but given that you were kind enough to cover this issue on YouTube I have followed up on the point you made about Ripple not having ODL customers and operating through overseas subsidiaries, in response to my concern that a wide injunction can… https://t.co/Lt2OflA9K6 pic.twitter.com/QmymbOEATV…

This week in prediction markets: Courting crypto voters appears to have boosted Trump’s odds. Doug Burgum still trails behind Tim Scott for Republican VP pick. Longshot ether ETF approval contract prints triple-digit return for bettors, despite disputes over its resolution. Taking a strong pro-crypto stance may have strengthened Donald Trump’s lead over incumbent president Joe Biden – at least if you go by the prediction markets. In the past week, Trump has promised to commute the sentence of Silk Road founder Ross Ulbricht – a figure near and dear to many in the crypto community – and vowed to make…

London — Uphold, the global Web3 financial platform, is shaking up the digital asset landscape with its latest announcement. Today, they introduced a fully-licensed, white-label service, enabling partners worldwide to establish their own branded digital asset platforms swiftly and seamlessly. With the demand for access to digital assets skyrocketing—projected to reach 1 billion crypto users by 2028—Uphold’s innovative solution couldn’t have come at a better time.—Dubbed Uphold-as-a-Service, this groundbreaking offering equips legacy institutions and financial platforms with a fully compliant resource they can customize to meet the evolving needs of their customers. Unlike other platforms, Uphold-as-a-Service boasts a comprehensive suite…

Three well-known financial market infrastructures (FMIs) – DTCC, Clearstream, and Euroclear – along with Boston Consulting Group (BCG), have revealed a blueprint aimed at establishing an industry-wide digital asset ecosystem to foster the acceptance of tokenized assets. Projected to reach a $16 trillion business opportunity by 2030, the tokenization of global illiquid assets has garnered significant attention. However, institutional adoption has faced challenges due to fragmented innovation and small-scale initiatives lacking broader ecosystem development. The jointly released paper, titled “Building the Digital Asset Ecosystem,” endeavours to redirect industry focus by outlining six principles intended to facilitate successful adoption of tokenization…

TD Bank subsidiary TD Direct Investing recently uploaded a video on its YouTube channel explaining in detail the upcoming Bitcoin halving event, expected around April 19 or 20. The commercial serves to educate viewers on the significance of this event within the context of Bitcoin’s supply and demand dynamics. JUST IN: TD Bank subsidiary releases commercial explaining the #Bitcoin halving and promotes spot Bitcoin ETFs after 👀 pic.twitter.com/a8YTClIhMf — Bitcoin Magazine (@BitcoinMagazine) April 11, 2024 The video underscores this year’s approval of spot Bitcoin Exchange Traded Funds (ETFs) in the United States, resulting in a surge in demand for bitcoin…

Ethereum price dipped sharply after it rallied toward $3,940. ETH is now consolidating near $3,850 and is eyeing more upsides in the near term. Ethereum started a consolidation after it rallied toward the $3,940 resistance zone. The price is trading above $3,720 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,720 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless there is a break below the $3,620 support. Ethereum Price Eyes More Gains Ethereum price extended its increase above the $3,700 and…

In the midst of a broader consolidation on the crypto market, dogwifhat (WIF), a prominent meme coin built on the Solana blockchain, is demonstrating bullish signals across key metrics. Recent data from CoinGlass indicates a notable surge in open interest for WIF, currently standing at $325.20 million, marking a 2.92% increase. Notably, a significant portion of this interest, approximately $166.41 million, originates from Binance, with additional contributions from Bybit and other platforms. Open interest is a crucial metric, often reflecting the prevailing sentiment among traders. The upward trajectory of dogwifhat’s open interest suggests a growing bullish sentiment within its trading…