Author: NBTC
Over the past decade, a significant amount of bitcoin has made its way into centralized trading platforms, public and private corporations, governments, exchange-traded funds (ETFs), and derivative token projects like WBTC. With roughly 100 days remaining in 2024 after the launch of spot bitcoin ETFs in January, this analysis dives into the top ten entities holding the most bitcoin. Examining the Top 10 BTC Holders Currently, data from cryptoquant.com reveals that centralized crypto exchanges are holding about 2,581,607.09 BTC, a level not seen since November 2018. Even with this dip, there’s still more BTC on exchanges compared to the period…
The multi-chain smart contract platform on Polkadot, Moonbeam has witnessed a capital injection of $1,055,889 in the last week. This is catching up due to increased adoption within the blockchain and decentralized finance (DeFi) space. Top inflows majorly coming from Sui, Base, and Ethereum. Moonbeam reveals this latest milestone through its official X account. In the last 7 days, Moonbeam saw a net inflow of $1,055,889!Top inflows came from:🌐 Ethereum – $1,424,448 (65%)🔵 Base – $516,363 (23.58%)💧 Sui – $108,198 (4.95%) pic.twitter.com/gZnpq78m7v — Moonbeam Network (@MoonbeamNetwork) October 5, 2024 Ethereum Drives Inflows to Moonbeam Most of the inflows came from…
World Mobile Token ($WMT) has partnered with Fireblocks, an enterprise-grade digital asset management solution. This collaboration seeks to increase security on one of the WMT Migration Portal platforms, which started on September 30th, 2024. 🤝 We’re delighted to announce our collaboration with @FireblocksHQ to bolster the security of the recently released Migration Portal.🔐 Fireblocks’ enterprise-grade platform is integral to providing a seamless and protected token migration process for our valued WMT holders.… pic.twitter.com/eNMxEBjqIS — WMTx: World Mobile Token (@wmtoken) October 4, 2024 The platform will make token migration safe and efficient so that token holders can shift from the Cardano-based…
COPA’s Blockchain Zone is working to curb NPE behavior and shield blockchain technology. Lead at Spiral and member of COPA Steve Lee emphasized the group’s larger initiatives. To protect blockchain developers against “patent trolls,” the Blockchain Zone was launched by the Cryptocurrency Open Patent Alliance (COPA) in collaboration with Unified Patents. The initiative goes after non-practicing enterprises (NPEs), or those who own patents but don’t really do anything; these groups often use the exorbitant expense of litigation to force businesses to pay out large sums of money in settlements. Shielding Against Frivolous Lawsuits The revelation states that the percentage of…
A widely followed market commentator and YouTuber with the handle “ModernInvest” has expressed that it would be strange if XRP fails to crack $20 in this bull season. The price of XRP is swiftly recovering from significant selling pressure that nearly forced its value towards the $0.50 level earlier this week. It is trading at $0.5322 at press time, posting a 1.45% gain in the last 24 hours. This figure marks a notable improvement from the low of $0.5101 that XRP tested on Thursday, the day the SEC announced its intention to appeal. However, XRP is still nursing a 9.5%…
Former Coinbase CTO Balaji Srinivasan spoke at the Network State Conference in Singapore on Sept. 22 about Bitcoin’s potential to protect wealth against inflation. Srinivasan claimed that Bitcoin (BTC) serves as a shield against what he describes as the gradual erosion of wealth by the state through inflation. “The Fed wants you dead—just a little bit every year. And so we resist that. We stand against that,” Srinivasan said about Bitcoin and crypto. Srinivasan compared the U.S. Federal Reserve’s approach to inflation with a slow process of wealth loss over time. In the current financial system, inflation is often seen…
Leading crypto exchange Bitstamp provides an overview of Shiba Inu, suggesting that SHIB is a star coin. Bitstamp gave the analysis in a recent X post titled “Shiba Inu Spotlight!” Interestingly, the exchange placed Shiba Inu in between two bright stars. This triggered speculation that the exchange could be referring to SHIB as a star coin. Shiba Inu Transformational Journey Notably, Bitstamp’s overview of Shiba Inu highlights the token’s transformational journey from a memecoin to a coin with growing utility. According to Bitstamp, Shiba Inu was created in 2020 by a pseudonymous developer, Ryoshi, with solid backing from its vibrant…
At the end of this week, on Sept. 29, Sunday, the renowned founder of the Binance exchange and the creator of its native token BNB, Changpeng Zhao (CZ), is to be released from prison after he finishes his four-month sentence. CZ’s release from prison and the start of “Uptober” Many on Crypto X expect this to be a major driver of growth for Bitcoin and other cryptocurrencies. Besides, users are reminding the cryptocurrency community that this will be the beginning of “Uptober.” Traditionally, as noted by many crypto traders, October and November are bullish months, followed by the “Santa Claus…
Cardano founder Charles Hoskinson has commended the team behind Sui, a fast-rising blockchain network that has recently gained significant traction. Sui is a Layer-1 blockchain and smart contract platform that launched in 2023. Its goal is to simplify and enhance application development in the Web3 ecosystem. The platform operates on the Move programming language, allowing for parallel transaction processing. Hoskinson Commends Sui Network’s Progress On October 4, Charles Hoskinson, the founder of Cardano, praised the SUI network team for their recent performance. He specifically acknowledged the work of George Danezis, Mysten Labs Co-Founder and Chief Scientist, and noted that the…
Recently, Peter Brandt, who is considered a legend in trading on the financial markets and has been active in that sphere since the 1970s, revealed that he is currently excited about major cryptocurrency Bitcoin (BTC). This insight came after Brandt reviewed the ratio of BTC to gold, where the former is considered a kind of analog of the precious metal and is often referred to as “digital gold.” In particular, the trader did not rule out the possibility that Bitcoin could see almost 520% growth in its price against gold in the coming months. However, when further asked what he…