Author: NBTC
A widely followed crypto analyst believes Bitcoin (BTC) could soar by triple digits before the cycle ends. Crypto trader Michaël van de Poppe tells his 724,700 followers on the social media platform X that Bitcoin could increase by up to 890% from its current value if investors choose the flagship digital asset as a hedge against geopolitical tensions, banking instability and currency debasement. “The current valuation of Bitcoin is still super low. I wouldn’t be surprised with $300,000-$600,000 this cycle.” Bitcoin is trading for $60,588 at time of writing, up more than 4% in the last 24 hours. The analyst…
Polygon saw the largest growth, with a 1,019% increase in new addresses over the last 30 days. Wrapped Ether (WETH) on grew by 263%, while LayerZero on Optimism and Arbitrum also showed gains. Stablecoins such as USD Coin and Tether experienced constant growth across platforms. Several cryptocurrency networks have grown over the last 30 days, with notable increases in the number of new addresses. Leading the charge is the Polygon Ecosystem, followed by other key players such as Wrapped Ether (WETH) on Polygon, LayerZero on Optimism and Arbitrum, and USD Coin on multiple platforms. Polygon Ecosystem Leads with Over 1,000%…
In a new development that is likely to enhance security while at the same time creating transparency, Starpower has agreed to integrate IoTeX’s ioID system into its service. This opens up a new level of enhancement on how Starpower manages authentications of on-chain and off-chain identities in the decentralized energy systems bringing more reliability for users within the space. Starpower, a massive decentralized energy network, is integrating IoTeX’s ioID for enhanced DePIN verification.ioID seamlessly bridges on-chain + off-chain identities, boosting transparency, verifiability, & trust for @starpowerworld’s 14,000+ devices & 5M daily transactions. https://t.co/lBt7lg2eSV — IoTeX (@iotex_io) October 16, 2024 The…
Cryptocurrency analytics firm Alphractal reported a significant shift in the Bitcoin market due to large withdrawals from exchanges. The company described the trend as “extraordinary,” noting that more than 4.33 million Bitcoins (BTC) have been withdrawn from exchanges since 2020, equivalent to more than $129 billion at the time. Today, those same BTCs are worth around $260 billion. The report highlights the scale of these outflows by noting that Bitcoin reserves on exchanges are rapidly depleting. In February 2020, exchanges held around 1.66 million BTC, but steady outflows have since brought that figure down, with withdrawals far exceeding the rate…
Phaidon will launch ‘CryptoPunks: Free to Claim’, the first and only comprehensive book to feature all 10,000 Punks ever created, alongside a detailed look at how the digital collectibles became a cultural phenomenon. In an Oct. 16 press release received by crypto.news, global publishing firm Phaidon announced the upcoming release of “CryptoPunks: Free to Claim”, a book written and compiled by creative director Zak Kyes, web3 lifestyle and media company Yuga Labs and conceived by Zak Group. The book will be available for order in December for $100 USD, $135 CAN, £49.95 UK and €89.95 EUR. A limited version will…
After Revolut, American zero-commission broker Robinhood is now considering launching stablecoins, Bloomberg reported. However, a Robinhood spokesperson said the company has “no imminent plans to launch this offering” without dismissing the report. Although it started as a disruptor in the American stock brokerage market, Robinhood expanded its offerings to crypto and now generates a significant portion of its revenue from services around digital assets. Its crypto transactions revenue doubled to $81 million in the second quarter of 2024, while the total transaction-based revenue was $327 million. Robinhood has been offering cryptocurrencies to its American users for years, but it expanded…
TRM Labs integration with Sonic enhances transaction monitoring and risk management for institutional digital asset security. Band Protocol’s push-based oracles improve real-time data reliability for Sonic Labs’ DeFi and AMM applications. An important first towards improving asset security for institutional investors in the digital asset market is the recent integration of TRM Labs with Sonic. Renowned for their knowledge of blockchain intelligence solutions, TRM Labs is a major actor in preventing financial crimes and fraud. Sonic is using the features of TRM to provide sophisticated compliance and risk management tools by means of this integration. This guarantees that transactions are…
U.S. spot Bitcoin spot ETFs posted their biggest daily inflows in nearly two months on Friday, although the market’s largest ETF did not contribute to the increase. Total inflows reached $263.1 million, the highest since July 22, when $485.9 million flowed into Bitcoin ETFs. This marks a significant recovery after two consecutive weeks of net negative inflows, with last week’s total reaching $403.8 million. Among notable ETFs, Bitwise’s BITB saw the third-largest inflow at $43.1 million. Bitwise CEO Hunter Horsley expressed his optimism in a post on X (formerly Twitter): “I’ve never been more optimistic about the path ahead for…
A Shiba Inu whale address contributes to the burning campaign with a massive 1.8 billion burn, but speculation suggests there might be a catch. The Shiba Inu community witnessed a surprising turn of events late last night following the incineration of a substantial amount of tokens. Notably, Shibburn, the community-driven Shiba Inu burn tracker, indexed the burn hours ago. Largest Shiba Inu Burn in Months On-chain data confirms that the transaction, which involved exactly 1,872,037,807 SHIB tokens valued at $35,643, occurred yesterday at 22:42 UTC. Interestingly, this transaction has triggered attention, being the largest single burn the community has recorded…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. We have a people problem in web3. Unfortunately, despite the promise of decentralization and data ownership, platforms still aren’t talking to each other very well. As a result, ingrained issues like identity management, data sovereignty, and privacy continue to trouble our nascent sector. You might also like: Creator economy 2.0: AI and web3 define the digital success | Opinion A unified framework is, therefore, key to unlocking web3’s true potential—one that bridges the data divide and provides…