Author: NBTC
The Indonesian National Post Office has launched the country’s first Non Fungible Token postage stamp depicting the bird of paradise, Cenderawasih. On Sept. 27, Indonesia‘s National Post Office, Pos Indonesia, launched the country’s first NFT postage stamp to commemorate the 79th anniversary of the Indonesian Post in Bandung, Indonesia. The project is done in partnership with the Indonesian Ministry of Communications and Information. This marks Indonesia’s first time in creating a stamp that utilizes blockchain-based technology for philately enthusiasts around the world to add to their digital collection. The stamp is valued at approximately $9.90 and features the image of…
Cardano and Ethereum, two of the most prominent blockchain platforms, are constantly in the spotlight as the crypto community debates their merits. Bitpanda Global recently conducted a poll asking users to choose their preferred platform between the two. The results have drawn significant attention, particularly due to the involvement of key industry figures. Choose your winner now 🏆#Cardano #Ethereum — Bitpanda (@Bitpanda_global) August 9, 2024 Cardano is known for its secure and scalable approach to developing smart contracts and decentralized applications. It has earned a reputation as a research-driven alternative to Ethereum. Meanwhile, Ethereum has long been the dominant platform…
US ETFs have collectively purchased over 300,000 BTC since their launch, reflecting growing institutional interest in Bitcoin. The introduction of Bitcoin ETFs has expanded investor access to Bitcoin, boosting market stability and institutional participation. Bitcoin ETFs may influence broader crypto adoption, sparking discussions about potential ETFs for other digital assets like Ethereum. Since the introduction of Bitcoin Exchange-Traded Funds (ETFs) in the United States, there has been significant growth in the amount of Bitcoin purchased through these investment vehicles. Recently, reports confirmed that US ETFs have collectively acquired over 300,000 BTC. Notably, this development has had a noticeable impact on…
Bitcoin price started a fresh increase above the $64,750 resistance. BTC is now consolidating near $65,000 and might remain supported. Bitcoin is consolidating gains near the $65,000 zone. The price is trading above $64,200 and the 100 hourly Simple moving average. There is a short-term contracting triangle forming with resistance at $65,250 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if there is a clear move above the $65,250 resistance zone. Bitcoin Price Regains Strength Bitcoin price remained supported near the $62,650 level. BTC formed a base and started a…
Based on historical trend patterns, a crypto analyst has forecasted that Bitcoin could hit a staggering peak of $400,000. This ambitious price target would require Bitcoin to jump over 6X its current price, marking a historical milestone, as the cryptocurrency’s market capitalization would surpass $7 trillion. Bitcoin Power Law Points To $400,000 Increase Bitcoin’s price dynamics have been hinting at a potential bullish surge, as the cryptocurrency has steadily maintained a price above crucial resistance levels around $60,000. According to Crypto analyst Ali Martinez, the broader crypto market sentiment shifted to “Greed” again following Bitcoin’s recent price surge to $64,750.…
Sui Name Service in its recent X (formerly twitter) post informed the community that they are going to become a decentralized protocol. Sui Name Service or SuiNS launched on the main net in 2023 has gone through major updates a few months ago. This time, it brought more interesting news for its community. Let’s learn about it. A step towards decentralization Mysten Labs, the company behind Sui, in their blog post shares their vision to make sui name services a decentralized protocol. Announcing one giant step for openness and accessibility…Sui Name Service (SuiNS) will become a decentralized protocol! pic.twitter.com/yjF9Yvb0oL —…
Bitcoin prices rallied today, rising to their highest since July as a combination of global macroeconomic developments fueled gains in risk-on assets. The world’s most valuable digital currency by total market capitalization approached $66,000 this afternoon, according to Coinbase data provided by TradingView. After experiencing these gains, the cryptocurrency was trading at its loftiest value since late July. Major U.S. stock indices also increased, with the S&P 500 setting a fresh, all-time high, Google Finance data indicates. The Dow Jones Industrial Average and the Nasdaq Composite rose during the day. “With the S&P 500 putting in its ATH, and the…
Pepe (PEPE) whale deposited a notable 395.92 billion tokens worth $3.4 million on Binance. With this dump, Whale has made a total profit of over $5.06 million. The last time, when Whale dumped tokens, PEPE experienced a price drop of over 16%. Today on August 9, 2024, the on-chain analytic firm Lookonchain made a post on X (previously Twitter) that has gathered widespread attention from the crypto community. In the post, Lookonchain shared that a Pepe (PEPE) whale recently deposited a significant 395.92 billion tokens worth $3.4 million on Binance. PEPE Whale dumped 396 billion tokens However, whale dumped this…
US investors poured around $365 million into the group of spot Bitcoin ETFs on Thursday, bringing the total net buying to over $600 million so far this week, according to Farside Investors data. The strong inflows came amid Bitcoin’s surge to $65,000, hitting a monthly high. Source: Farside Investors After losing on Wednesday, ARK Invest’s ARKB was back strongly yesterday, leading the pack with approximately $114 million in new capital. BlackRock’s IBIT extended its winning streak, logging around $93 million on Thursday while Fidelity’s FBTC and Bitwise’s BITB collectively drew in about $124 million. Other gains were also seen in…
Every week, irrespective of the market condition, crypto whales tend to load more on most of their position. The first week of August 2024 has been no different despite the significant dip in the market on Monday. That said, these are token whales bought. Ripple (XRP) Crypto whales scooped up a lot of XRP, helping the market cap jump by 23% in one day on August 7. Before the recent fall, wallets holding between 1 million and 10 million XRP owned $4.42 billion worth of the token. This value accounted for 7.06 billion coins. However, this is not the only…