Author: NBTC

XRP, the Ripple-affiliated cryptocurrency, has logged a significant uptick in whale activity, according to data provided by cryptocurrency analytics platform Santiment. Apart from whale activity, the controversial token has also seen an increase in social media hype and transaction volume. In fact, XRP’s transaction volume recently reached a new eight-month high of $2.39 billion. This came after Bitwise, a prominent cryptocurrency asset manager, submitted a filing to launch an XRP-based exchange-traded fund in the U.S. Even though multiple experts agree that the approval of such a product is not going to happen anytime soon, this was viewed as a sign…

Cryptocurrency analyst James Van Straten has shared his views on Bitcoin’s (BTC) price movements, arguing that it points to a potential rally driven by the divergence between the price and the hashrate, the total processing power of the network. According to Van Straten, such divergences have historically signaled a market recovery, with Bitcoin often rallying by catching up to the rising hashrate after prices hit a local bottom. “Historically, these divergences have only occurred a few times in the last three years,” Van Straten said. “In some cases, Bitcoin price has reached a local bottom during these events, followed by…

Pseudonymous Shiba Inu proponent and SquidGrow founder Shibtoshi has tipped Shiba Inu to continue the recent uptrend, citing growing traction as a source of the price surge. In an interview with the Shib Daily, Shibtoshi shared his thoughts on the buzz around the Shiba Inu ecosystem, which has significantly boosted the price of SHIB. For context, SHIB surged over 20% to a six-month high of $0.00002031 on September 28, with on-chain activities growing exponentially. Uptick Fueled by Supersaturated Bullish Sentiments Shibtoshi asserted that the growing adoption and utility of the Shiba Inu ecosystem facilitated the recent bullish pull in the…

On Friday, the U.S. Securities and Exchange Commission (SEC) issued approval for the world’s largest wealth management BlackRock’s Bitcoin options. They will be listed and then traded on the Nasdaq exchange under the IBIT ticker. Bitcoin expert and co-founder of the MicroStrategy behemoth Michael Saylor commented on this remarkable event, saying that this approval of Bitcoin-based options offered by BlackRock will greatly “accelerate institutional Bitcoin adoption.” This is another major milestone on the path of institutional adoption for Bitcoin as it gives institutional customers an opportunity of embracing the fastest growing asset, “digital gold” as it often gets referred to…

Render, the native token of decentralized graphics processing unit-based rendering solutions provider, has gone down by 13% in today’s trading. The token has reached its lowest recorded level in this week alone. According to data from CoinGecko, Render’s token RENDER(RENDER) has gone below 13% in the last 24 hours of trading. Currently, RENDER is trading hands at $5.16 with a market cap of $2.05 billion. RENDER started the week at a price of $6.80 on Sept. 30 but has since took a dive on Oct. 1, plummeting to $6.09. Since then, Render’s native token has continued its downward spiral until…

The cryptocurrency market seems shocked in 2024, especially after Q1, which breached all-time highs, followed by a -14.4% in Q2 and closing at $2.43 trillion in July. When discussing Q3, this quarter also faced challenges, whereby the total crypto market cap dropped by 8.6% QoQ amidst a demanding market environment. However, users perform and adjust their investment strategy according to the latest industry updates. Crypto airdrops, especially those that pay instantly, seem to be a good way to diversify their portfolio. So, if you’re a crypto holder, this article is for you as it discusses some of the best free…

“Grayscale Aave Trust gives investors exposure to a protocol with the potential to revolutionize traditional finance,” Grayscale’s head of product and research, Rayhaneh Sharif-Askary, said in a statement. Grayscale is the issuer of the Grayscale Bitcoin Trust (GBTC) and the Grayscale Mini Bitcoin Trust (BTC) as well as the Grayscale Ethereum Trust (ETHE), which all launched earlier this year. Grayscale’s has started a new fund which offers exposure to Aave’s AAVE token, the asset manager said on Thursday, in what has been a series of novel products from the crypto asset manager. Aave is a decentralized lending platform based on…

The following is a guest post by Vincent Maliepaard, Marketing Director at IntoTheBlock. When you first hear about Bitcoin staking, you might assume there’s a mistake, given Bitcoin’s Proof of Work (PoW) mechanism. However, Bitcoin staking is indeed a reality, with thousands of addresses participating and generating returns on their assets. Here’s what you need to know. Bitcoin Staking Explained Staking traditionally refers to the process where holders of a cryptocurrency lock up their funds to participate in network operations, such as transaction validation on Proof of Stake (PoS) blockchains. Bitcoin, however, operates on a PoW consensus mechanism, which does…

The crypto bull market is back, and with it advertisements for ultra-high yield opportunities to lure bitcoin from investors’ wallets. Unsurprisingly, centralized offerings and nascent DeFi projects are bull market-sizing their annual percentage yields (APYs). ZeroLend, for example, an experimental, decentralized finance (DeFi) platform, offers an irresponsible 61% APR denominated in a bitcoin-branded token called Lombard BTC. This token is currently worth approximately the same as bitcoin. It’s important to note that bitcoin itself, which is not proof-of-stake (PoS), offers no native yield. Nevertheless, by introducing risks like proprietary trading or lending customers’ deposits, centralized services like M2, WireX, or…

Five students from the University of The Bahamas each won $10,000 for their digital music and art creations as part of the university’s NFT Digital Arts Project, sponsored by Snoop Dogg’s son Cordell Broadus. According to a report by Bahamas media Eyewitness News, the University of The Bahamas announced the student winners of its Non-fungible token Digital Arts Projects on Oct. 7. Each student receives a prize of $10,000 for their NFT creations. Three students won awards in the Visual Art category, while two other students won in the Music category. The project is funded by the Champ Medici Arts…