Author: NBTC
In an unprecedented move, an Ethereum (ETH) whale has made a colossal acquisition of ETH, totaling approximately $155.7 million. This significant activity comes as the price of Ethereum nears the $3,000 mark, a bullish signal for investors and enthusiasts alike. According to a recent tweet by Spot On Chain, a notable cryptocurrency analysis firm, the anonymous whale has executed a series of strategic purchases within the last 24 hours. Acquiring a staggering 54,721 ETH, these transactions were meticulously carried out through a combination of withdrawals from Binance, one of the world’s leading cryptocurrency exchanges, and swaps on 1inch, a renowned…
In an exciting development, BitSmiley announces a strategic partnership with Merlin Chain. It is a native Bitcoin Layer 2 solution with Bitmap Tech power. This collaboration marks a significant step forward for both platforms. Moreover, this alliance promises a host of benefits for users seeking enhanced access to DeFi services within the ecosystem. Dear bitSmilers, We’re thrilled to announce our strategic partnership with @MerlinLayer2 , a much-anticipated Bitcoin L2 solution! As you have all been waiting for some exciting updates, here is what’s coming up: @bitsmiley_labs has teamed up with Merlin Chain as a BTC DeFi… pic.twitter.com/hx2ogqP5QI — bitSmiley (@bitsmiley_labs)…
The use of cryptocurrencies in Latin America has increased dramatically in recent years, with more people starting to use them. Cryptos enable secure, fast and decentralized transactions between users without the need for intermediaries. Thus, this is the reason why Latin America has become a region with the highest adoption and use of cryptocurrencies in the world. According to a study by Statista, 18% of people in Brazil and Colombia own or use cryptocurrencies, followed by 16% in Argentina, 12% in Mexico and 11% in Chile. These figures exceed the global average of 9%. Javier Castro Acuña, Head of Cryptography…
Today witnessed notable activity within the cryptocurrency market, particularly concerning Bitcoin. A substantial sum, approximately $962.15 million, was withdrawn from the leading U.S. crypto exchange, Coinbase, in what can be deemed significant movements within the digital currency realm. Data provided by Whale Alert reveals that a total of 18,484.69 BTC was withdrawn from Coinbase in two consecutive transfers. The first transfer saw 9,322 BTC, valued at $485.248 million, move to the address “1AyhP.” Following this, a second transfer of 9,162 BTC, worth $476.9 million, was initiated to the address “19hJg.” Notably, both addresses are newly established and lack prior transaction…
VeChain is celebrating the success of Shanghai Tanlian Technology Co., Ltd., the company behind VeCarbon, for its work in promoting the goal of carbon neutrality. Amazon Cloud Technology is also working with the company to build and promote tools for carbon neutrality. Shanghai Tanlian has recently celebrated receiving a letter from the Shanghai Environment and Energy Exchange (referred to as the Shanghai Environmental Energy Exchange). In the letter, the company highlighted the success achieved between the two firms in their efforts to achieve carbon neutrality. The recent letter thanked the company for promoting China’s goal of carbon neutrality. With this…
The United States Federal Reserve is still undergoing negotiations regarding the development of its Central Bank Digital Currency (CBDC) dubbed the Digital Dollar. According to a Forbes report, closed-door meetings are underway as confirmed by sources in a recent meeting between Federal Reserve Chairman Jerome Powell and Democrats in the U.S. House Committee on Financial Services. Per the report, Powell told the Democrat members that Congress approval is ultimate in the push for the Digital Dollar. Conversations bordering on CBDCs are crucial in the global monetary landscape with Central Banks projecting new ways to embrace alternative currencies. The US CBDC…
Shibarium, the layer-2 blockchain associated with the meme-inspired cryptocurrency Shiba Inu (SHIB), has experienced a staggering surge of 128% in network activity. Data sourced from Shibariumscan indicates a remarkable spike, with daily transactions soaring from 1.07 million to an impressive 2.44 million in just a span of two days. This surge in network activity echoes previous instances where Shibarium witnessed significant spikes, notably toward the end of 2023, when daily transactions peaked at nearly 7.5 million. Such exponential growth in network activity often hints at potential price fluctuations within the associated cryptocurrencies. For instance, during the aforementioned period in late…
Top NFT news today, February 19, 2024: The Azuki collection is among the top performers per sales volume over the past 24 hours, Arcade announces an airdrop, and Yuga Labs acquires Proof. NFT Market Data Over the past 24 hours, the non-fungible token (NFT) sales volume is up 23% to $46,077,452. According to CryptoSlam, the number of buyers is down 2.4%, and the number of sellers is up 2.4%. Also, the number of transactions is unchanged over the past day. Meanwhile, Pandora is still in first place per sales volume at $5.4 million, holding its top NFT news position as…
While the market is currently talking about the Bitcoin halving, which is expected to take place next April, and possible Ethereum ETF approval in May, ETH attracts attention with its whale accumulation and strong performance. At this point, ETH, which has increased by nearly 4% in the last 24 hours, exceeded $ 2,900. ETH is also up more than 25% since the beginning of 2024, while investors and analysts expect Ethereum to surge towards $4,000. In the face of this expectation, it was stated that there was strong whale accumulation behind ETH’s rise today, while Lookonchain said that the whale…
The total amount of capital locked on Sui has risen from $211 million to $593 million since the turn of the year. The SUI token is up by 131% in the same period. Sui has now overtaken Aptos, Cardano and Near in terms of capital locked on DeFi protocols. Layer 1 blockchain Sui has experienced a sharp increase in inflows this month, a spike that has seen it overtake Cardano, Near and Aptos in terms of total value locked (TVL). The network, which was built by former Meta (META) employees, now has over $593 million in capital locked across various…