Author: NBTC
According to filings with the United States Federal Election Commission, Marc Andreessen and Ben Horowitz each donated $2.5 million to a pro-Trump super PAC called Right For America. Their support for Trump is based on his policies being seen as beneficial to the crypto industry and startups, which they call the “little tech agenda,” according to a Bloomberg report on Oct. 16. Andreessen also gave an additional $844,600 — the federal limit for donations — to Trump’s campaign and the Republican Party. Donations Rolling In Earlier this month, Horowitz made a surprising announcement that he would also be making a…
After the Bitcoin halving took place in April, major Bitcoin miners have increasingly started choosing one of two strategies — either hodl the BTC they mine or gear up with artificial intelligence (AI). The BTC halving slashes the earings of miners by half every four years — a deflationary mechanism that also helps maintain the hard cap of 21 million Bitcoin. Public miners like MARA Holdings, Riot Platforms, and CleanSpark are holding the BTC they mine in the hope that its value will increase over time. Wolfie Zhao, an analyst at research firm TheMinerMag, told Bloomberg: “By avoiding the immediate…
Vanar, the fastest and carbon-free Layer 1 blockchain, has joined hands with the Pakistan Blockchain Institute (PBI). This partnership is intended to advance AI and Internet of Things (IoT) technologies thus boosting the transformative effects in multiple sectors throughout the globe. Vanar disclosed this groundbreaking partnership through its social media platform, X. Vanar and PBI are all set to drive artificial intelligence (AI) and Internet of Things (IoT) innovation in Pakistan. 📢 NEW ADOPTION ALERT 📢Vanar has officially partnered with the Pakistan Blockchain Institute (PBI)! 🚀Together, we’re pushing the boundaries of AI and IoT innovation to transform industries worldwide. 🌐…
Exchange-traded funds have bucked the trend with higher-than-average volumes in August — yet Bitcoin ETFs suffered extensive outflows towards the end of the month. New figures show that there was an insatiable appetite for exchange-traded funds in August — despite the summer being a traditionally sleepy month in the financial world. According to BlackRock, net inflows rocketed to $129.7 billion last month, meaning the bustling sector is well on track to exceed the annual record of $1.3 trillion set back in 2021. The launch of Bitcoin ETFs back in January has been something of a success story, with the latest…
Russia, which has approved the use of Bitcoin (BTC) and cryptocurrencies in international payments, continues its work in this field. While the stage of the studies is being wondered, the Governor of the Central Bank of Russia, Elvira Nabiullina, made important statements at the Finopolis 2024 Economic Forum she attended. He Pointed to the End of 2024 for the First Cryptocurrency Transaction! The Central Bank governor stated that under experimental legal regulation, the use of cryptocurrencies in international payments is in the testing phase and the first transactions will take place by the end of 2024. Stating that the testing…
Early BABYDOGE Investor Transfers $2.92M Worth of BABYDOGE to Binance, Hinting at Potential Sale An early investor in the BABYDOGE meme coin has transferred approximately 1,266 trillion BABYDOGE tokens, valued at $2.92 million, to Binance after two years of dormancy, according to a report by @ai_9684xtpa on X (formerly Twitter). This significant movement in funds indicates the investor may be preparing to sell, potentially realizing an estimated 531% profit from the initial investment. The transfer, which occurred about seven hours ago, has garnered attention from the crypto community, as large movements from early investors often hint at upcoming market changes.…
Hong Kong has introduced its Chief Executive’s 2024 Policy Address which not only mentioned a number of virtual assets but also measures towards strengthening its virtual asset models. The official statement read, “The Government will continue to promote innovative financial services such as central bank digital currency, mobile payment, virtual banking, virtual insurance and virtual asset trading. The Treasury Bureau will issue a policy statement to elaborate on the policy stance and approach on the application of artificial intelligence in the financial market.” The HK government will also take up other measures in this direction, one of which includes advancing…
Recent observations of the Coinbase Premium chart highlight an intriguing trend. The 1-hour chart shows that volatility has been decreasing, with the upper and lower bounds converging into a triangular formation. According to CryptoQuant, such a pattern indicates that the price difference of Bitcoin in Coinbase and Binance is about to be constricted. Taken together, this means that the market may be close to the fair value, which creates a strong chance for a large movement in the Bitcoin price. Coinbase Premium’s Convergence Signals“During the 2021-2022 bull market, we observed a similar triangular convergence in the Coinbase Premium during a…
Truth Terminal, the bot trained on Internet lore, is on track to build a $1M portfolio. Just a few tokens breaking out may turn the bot into a crypto millionaire. The wallet grows by the hour, as some of its tokens are rallying from their low launch levels. The known wallets of Truth Terminal, the X bot going as @truth_terminal, contained $850M in tokens as of October 17. The wallets were filled mostly by donations, used to give exposure to newly launched memes. The bot already accrued 72.6K followers and despite its controversial content, seems to be ideally placed to…
Chainlink (LINK), the decentralized oracle network, has witnessed a remarkable price breakout, primarily driven by significant whale accumulation. Over the last six weeks, whale investors have added over 8.5 million LINK tokens to their holdings, leading to a renewed bullish sentiment within the market. This surge coincides with increased on-chain activity, making Chainlink a focal point for investors seeking long-term growth. As the 14th-ranked cryptocurrency by market capitalization, Chainlink has seen its price rise by 8.8% relative to Bitcoin in recent days. Whale Accumulation Signals Bullish Outlook Chainlink’s recent price movement can be traced back to whale accumulation. On-chain data…