Author: NBTC

Grayscale Bitcoin Trust (GBTC) has broken a major record, one that establishes it as an unusually underperforming global Exchange Traded Fund (ETF) product. According to Bloomberg Senior ETF Analyst Eric Balchunas, GBTC has maintained its 72-day outflow spree. Since spot Bitcoin ETFs were greenlighted in the United States in January, the product has consistently seen investors pulling funds out, but to varying degrees. Balchunas, who has been tracking the trend thus far, noted that no other known ETF in the industry has this kind of record, a statement that has triggered a reaction from the community. Yes, $GBTC is on…

A ceremonial and grand welcome to VeChain powered clothing collection and W3AS collection is a mix of upscale garments and non-fungible tokens. VeChain is a pioneering revolt in the fashion industry by engaging with its customers in a stylish way. The W3AS Collection uniquely blends splendid Italian craftsmanship and Non-Fungible Tokens. Owners of upmarket garments will be properly rewarded with Non-Fungible Tokens, offering digital ownership of physical goods. The W3AS collection is where Italian craftsmanship embraces the powerful features of Non Fungible Token. It features a few collections of jackets, skillfully designed in Italy, power-packed with WoV Labs smart tags…

Increased activity in the ongoing case between the U.S. Securities and Exchange Commission (SEC) and Ripple triggered investors’ interest in XRP this week. The embattled altcoin experienced notable volatility, returning consecutive profits for three days. TradingView data shows that on Friday alone, XRP gained 4.52% by moving from a daily low of $0.51459 to a high of $0.53683. Friday’s XRP price movement rounded up a busy week for the altcoin following a series of events between the SEC and Ripple. Both parties involved themselves in motions and countermotions, arguing over the ongoing case and seeking the court to rule in…

As the decline in the leading cryptocurrency Bitcoin continues to deepen, it is wondered how far the decline will go. At this point, successful analyst Ali Martinez stated that two sales signals appeared on the Bitcoin chart and predicted that BTC could drop to $ 59,000. At this point, the analyst stated that the TD Sequential indicator gave a sell signal with the death intersection occurring between the 50-day SMA and the 100-day SMA on the Bitcoin chart, and said that there may be declines between $61,000 and $59,000 and that these levels should be followed: “Two sell signals were…

The platform’s native WAX token has risen by more than 20% over the past 24 hours. WAX is the 10th largest blockchain in terms of activity. The deal sees WAX integrate into the Amazon Managed Blockchain service. Gaming-focused layer-1 blockchain Worldwide Asset Exchange (WAX), the 10th-largest blockchain by activity, signed a deal to use Amazon Web Services (AWS) and integrate its network into the Amazon Managed Blockchain (AMB) service. The AMB service is designed to assist developers in building decentralized apps (dapps) on both private and public blockchains. By integrating into AMB, WAX developers will be able to deploy nodes…

The South African Financial Intelligence Centre recently issued a draft directive calling crypto-asset service providers to implement the Financial Action Task Force’s (FATF) travel rule. However, key figures in South Africa’s crypto industry say several factors could hinder the implementation of the FATF’s Recommendation 16. CASP Interactions With Unhosted Wallets The South African Financial Intelligence Centre (FIC) recently issued a draft directive on implementing the Financial Action Task Force’s (FATF) travel rule by accountable crypto asset service providers (CASPs). While the draft directive has proposed to ratify FATF’s Recommendation 16, some crypto entities, such as Valr, believe several factors will…

Mining pool ViaBTC won the race to mine the first satoshi after last week’s halving, which it has now sold at auction for $2.13 million. The Ordinals protocol allowed individual satoshis to be identified and traded, attaching value to particularly notable sats for the first time. ViaBTC, the mining pool that mined the first block after the Bitcoin halving on April 20, sold the “epic” satoshi it contained for 33.3 BTC ($2.13 million). An auction for the satoshi, or “sat,” which has a face value of around $0.0006, ended at 16:00 UTC on crypto exchange CoinEx following a flurry of…

An address connected to Justin Sun has moved 120,000 EETH worth $376 million to Swell L2. Reportedly, the transferred EETH accounts for 46.6% of the total deposits of Swell L2. The same address, holding 48,374.301353998937694271 ETH, previously moved 120,000 ETH to EtherFi. TRON Founder Justin Sun has recently created headlines in connection to a massive $300+ million worth of Ether (ETH). According to an X post by Colin Wu, a Chinese crypto journalist, an address related to Sun deposited 120,000 EETH, worth $376 million, into Swell L2. Justin Sun’s team address 0x7a9…3095 deposited 120,000 EETH (the deposit certificate after ETH…

Filecoin recently introduced the Fluence Project. It has marked a pivotal moment, for it brings together artificial intelligence and decentralized computing mechanisms. The community is now looking forward to leveraging its best since it is a better alternative to centralized services. The Fluence Project, which builds a custom L2 on the network, enters the market to enhance cloudless computing. Fluence operates by aggregating CPU resources from globally dispersed, top-tier data centers. This enables businesses to obtain the same services without utilizing the cloud, or rather, grants them the permission or opportunity to do so. This allows individuals to circumvent two…

A top South Korean prosecution official says courts must deliver swifter justice to crypto offenders – with cases currently taking “too long” to process. The comments came from Lee Jeong-ryeol, the head of the Seoul Southern District Prosecutors’ Office’s joint crypto investigation unit, in an interview with the newspaper Hanguk Kyungjae. The unit is the nation’s only investigative organization dedicated to crypto-related crimes. Swifter Justice Will Help Fight Crypto Crime – Prosecutor Lee claimed that “regulation rollouts” and the “punishment” of crypto-related crimes “have been slow.” He said: “We must restore trust in the virtual assets market, which has turned…