Author: NBTC
The world witnessed unprecedented power grabs and supply chains disruptions over the past couple of years. The almost perfect alignment between big government, big banks and corporations should be a serious cause for concern across the agricultural sector. These moves represent no less than the most serious threats to our freedom and survival as businesses, probably even as individuals. If you stand for resilience and biodiversity, bitcoin should be a natural fit. Bitcoin ultimately protects biodiversity. Concentration of power and money had started long before the COVID hysteria took over the world. Corporatization of the agricultural sector has been my…
MicroStrategy stock was down 10% on Tuesday, while Coinbase and other crypto stocks also dumped. Bitcoin price traded to lows of $60,600 before seeing a slight recovery. MicroStrategy, Coinbase, Riot Platforms and Marathon Digital stocks are among crypto-related stocks seeing downside pressure amid Bitcoin’s price struggles. MicroStrategy stock dumps 10% Coinbase’s COIN was down 3% in early trading on Tuesday, hovering around $211.74 while MicroStrategy’s MSTR stock had dumped over 10% to $1,152. The share price of the Michael Saylor led company has declined more than 29% in the past 30 days. Today’s double-digit dump for the MicroStrategy stock price…
CryptoQuant analyst Maartunn has taken note of the largest influx of the USDC stablecoin in history. Earlier today, a staggering $1.4 billion worth of USDC was deposited to the Coinbase exchange. According to Maartunn, this might be a signal of strong buying pressure. Notably, such a massive USDC inflow also occurred in early 2023 when the Bitcoin price was nearing the bottom of the previous bearish cycle. At press time, Bitcoin is trading below the make-it-or-break-it $70,000 level after dropping by nearly 2% over the past 24 hours. More bullish predictions According to cryptocurrency trader Ali, the largest cryptocurrency has…
Bitcoin’s (BTC) price shambled post-halving, with consecutive losses and the first “red month” in April, after a 7-month green streak. In this context, the Bitcoin miners’ revenue in USD dropped to a 6-month low, slightly above $30 million. Finbold retrieved data from Blockchain.com on May 1, showing $30.17 million of miners’ revenue collected on April 30. Moreover, the 1-year chart illustrates this as the lowest revenue for Bitcoin miners in the past six months. Notably, the most significant drop occurred after Bitcoin’s fourth halving, when the block subsidy reward changed from 6.25 BTC to 3.125 BTC per mined block, drastically…
Top cryptocurrency exchange Coinbase is rolling out support for the Bitcoin Lightning Network, the company said on Tuesday. Immediately available on both its mobile and desktop platforms, Coinbase users will be able to choose between sending Bitcoin using the Bitcoin mainnet or the Lightning Network. Launched in 2018, the Lightning Network is a layer-2 protocol built on top of the Bitcoin network. The Lighting Network allows users to move BTC between wallets without needing to interact directly with the Bitcoin blockchain. Facilitating Coinbase’s integration of the Lightning Network is Los Angeles-based Lightspark. Established in 2022, the company offers enterprise-facing Lightning…
The Fed’s main message after tomorrow’s rate decision will likely be that “policy needs more time, the next move will likely be a rate cut, and the board is in wait-and-see mode until the Fed gets more clarity on inflation,” according to Bank of America economists. . They also foresee a slowdown in quantitative tightening by lowering the upper limit on monthly Treasury redemptions from $60 billion to $30 billion. Reactions in interest rates and currencies are expected to be limited. “We suspect Powell is comfortable pricing this year’s rate cuts in significantly,” the economists said, “and will likely find…
The meme coin sector has seen renewed speculative interest amid the ongoing crypto bull market, with the total market cap recently exceeding $50 billion, according to IntoTheBlock’s latest newsletter. This is a new cycle peakNew tokens like Jeo Boden and Dogwifhat have quickly risen in popularity, while 2020 darlings like SHIB and DOGE see resurgent trading activity. Jeo Boden rise peaked at almost 1,500% since its inception on Mar. 9, fueled by the hype around meme coins titled with notorious figures names spelled wrong. A similar movement was registered by tokens following the same pattern, like Doland Tremp, as its…
In a recent analysis, prominent crypto analyst Ali Martinez highlighted a compelling pattern in Bitcoin’s price movements following its halving events. Martinez pointed out that around the last two halving events, Bitcoin experienced significant consolidation periods before resuming its bull run. Notably, Bitcoin consolidated for 189 days in 2016 and 87 days in 2020 before the upward momentum kicked in again. Currently, BTC has been consolidating for 60 days, suggesting a potential breakout brewing. Martinez’s observation is supported by a chart depicting the start of previous bull runs, which typically commenced with a strong buying wave leaving a long tail…
An address labeled as part of the Ethereum Foundation, inactive for nine years since receiving ETH directly from the official foundation address, has suddenly transferred approximately 2,000 ETH, valued at around $6.5 million, to a new address. It is important to understand that just because an address once received funds from the Ethereum Foundation, it does not definitively tie it to the foundation’s current operations. The transactional pattern could indicate that the wallet is not directly connected to the foundation but merely a recipient from years ago. #PeckShieldAlert #Ethereum Foundation-labeled address has transferred ~2K $ETH (worth ~$6.5m) to a new…
Quick Take MicroStrategy, the business intelligence firm, has further solidified its position as a Bitcoin corporate treasury, holding approximately 1% of the total Bitcoin supply. During the first quarter of 2024, MicroStrategy acquired an additional $1.65 billion worth of Bitcoin, bringing its total holdings to a staggering 214,400 BTC. While there was speculation that MicroStrategy would adopt the updated FASB (Financial Accounting Standards Board) rules, which streamline Bitcoin accounting, the company ultimately decided against it. According to PunterJeff, a risk and capital advisor and long-standing MicroStrategy bull, due to the absence of FASB adjustments, MSTR incurred a $191 million asset…