Author: NBTC
In an interesting turn of events, it seems that BlackRock has become the only major ETF to have purchased Ethereum (ETH) recently, according to Arkham Intelligence. The world’s largest hedge fund now holds a substantial 336,058 ETH, which equates to a remarkable $763.95 million, according to their data. This revelation comes at a challenging time for Ethereum ETFs. The initial excitement surrounding these funds has been dampened by significant outflows. Since their debut in late July, spot Ethereum ETFs have seen nearly $480 million in outflows within their first 30 days of trading. These numbers show that people do not…
Nick Garcia highlights DePIN’s role in bringing blockchain utility to the masses through networks like Helium and Hivemapper. Helium’s decentralized wireless network gains traction, enabling global devices to connect freely, with major U.S. operators testing the network. In a tweet, Messari’s Nick Garcia emphasized his growing optimism that DePIN (Decentralized Physical Infrastructure Networks) will play an important role in bringing blockchain technology to the public and demonstrating how blockchains can provide sustained utility. Increasingly believe DePIN will onboard the masses and showcase how blockchains can provide utility in a sustainable manner. Take @helium — over 500,000 subscribers have leveraged the…
In what local media are calling the first operation of its kind, the Argentine judicial system ordered the seizure of nearly $28,600 in stablecoins from a criminal organization that used cryptocurrency to launder millions of dollars. The criminals obtained these funds from two main activities: phone smuggling and operating illegal online casinos. Argentine Justice Orders the First Seizure of Stablecoins in Money Laundering Case Law enforcement agencies are integrating cryptocurrency analysis and monitoring tools to enhance their awareness of crypto-related crimes. In what local media has called the first operation of its kind, the Argentine justice system has ordered the…
Thoma Bravo, managing approximately $160 billion in assets under management, has decided to permanently withdraw from the crypto market following its ill-fated investment in FTX, said Orlando Bravo, the head of the top private equity firm, in a recent interview with CNBC. Miami-based tech investor was part of a group of investors that led a $900 million investment in FTX in 2021, which valued the exchange at approximately $18 billion. The company invested roughly $130 million in FTX Trading, the operator and owner of FTX.com. However, Thoma Bravo, along with other investors, faced substantial losses following the collapse of FTX.…
Crypto fund Off The Chain Capital made more than a million dollar investment into medical data company OneMedNet so that it could buy bitcoin. The fund hopes to outperform the price of bitcoin through its investments by buying it for a discount through allocations like this. OneMedNet (ONMD) late last month raised $4.6 million in a private placement and used $1.8 million of the proceeds to purchase bitcoin (BTC), according to a press release. Among the investors was Off The Chain Capital, a crypto investment fund with ties to Bloq Chairman Matthew Roszak and Fortress founder Rob Kauffman, which purchased…
Este artículo también está disponible en español. Ethereum price is attempting a recovery wave above $2,280. ETH must clear the $2,360 resistance to continue higher in the near term. Ethereum is attempting a recovery wave from the $2,150 zone. The price is trading below $2,320 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,360 resistance to continue higher in the near term. Ethereum Price Faces Resistance Ethereum price attempted a recovery wave above…
The XRP Ledger (XRPL) has some hidden metrics that many investors hardly pay attention to. According to data from XRP Ledger Services, the layer-1 network boasts 60,878,621,751 XRP locked in users’ accounts. This is a significant holding, considering that the total XRP supply is 99,987,181,197 XRP. XRP Ledger core metrics worth watching As a high-performing protocol, XRP Ledger has a total user count of 5,294,740. This is a significant milestone for the protocol, showcasing its broader reach beyond the primary Ripple Labs ecosystem. In addition to the user count, 90,337,507 ledgers have been closed on the network already, a testament…
The Cantonal Bank of Zurich (ZKB), Switzerland’s fourth largest bank, has announced its entry into the cryptocurrency market by offering its clients the ability to trade and store Bitcoin and Ethereum. This new service seamlessly integrates with ZKB’s existing digital platforms, including eBanking and Mobile Banking, allowing customers to trade cryptocurrencies around the clock. Alexandra Scriba, Head of Corporate Clients and Multinationals at ZKB, recently stated in a press release that the new service is secure and allows for the integration of additional currencies and applications in the future. Scriba praised the user-friendly nature of the service, noting that customers…
Former President Donald Trump only devoted a brief moment to crypto in an otherwise lengthy economic address on his intentions for the U.S. economy in a second Trump term. Trump repeated his promise to make the U.S. the world capital for crypto. Donald Trump reiterated his promise to make the U.S. the crypto capital of the world if re-elected president during public remarks Thursday, though digital assets only received brief mention in his wide-ranging speech about his economic agenda. “Instead of attacking industries of the future, we will embrace them, including making America the world capital for crypto and Bitcoin,”…
₿trust, a non-profit focused on training and funding developers from The Global South for Bitcoin open-source development, recently announced Bitcoin Core contributor and one of its board members, Abubakar Nur Khalil, as Interim CEO. 1/ 📢 Exciting news from ₿trust!We’re thrilled to announce that Abubakar Nur Khalil (@ihate1999), Nigerian Bitcoin Core contributor and current board member, has been appointed as Interim CEO of ₿trust pic.twitter.com/km5iYQU6Pe — Btrust (@btrustteam) August 8, 2024 The non-profit was founded in 2021 and received initial funding from Jay-Z and Jack Dorsey. It’s since nurtured an ever-expanding network of Bitcoin developers in Africa, Latin America and…