Author: NBTC
Over the past hour, as bitcoin’s value swings from $62,150 to $62,545 on March 1, 2024, the cryptocurrency market is experiencing a pronounced upward trend. With a trading volume of $55.41 billion over 24 hours and a market cap touching $1.21 trillion, bitcoin’s dominance in the market is clear. Technical indicators, including oscillators and moving averages, all point towards a positive sentiment, bolstering the optimistic perspective among traders. Bitcoin On Friday, the day’s 24-hour trading range (intraday) between $60,365 to $63,684 illustrates a volatile yet upward trajectory for bitcoin (BTC). The significant trade volume suggests a high level of trader…
In a recent regulatory development, cryptocurrency payments of any size using unidentified self-custody crypto wallets are now illegal in the European Union (EU). This decision is part of a set of new anti-money laundering laws (AML) in the continent. The majority of the EU Parliament’s lead commission approved the prohibition on March 19, according to Patrick Breyer’s post. Notably, Dr. Breyer is a member of the European Parliament for the Deutsch Piraten Partei and one of the two leaders who opposed this approval. Gunnar Beck was the other Parliament member who voted against it, representing the Alternative for Germany (AfD)…
Marathon Digital Holdings (NASDAQ: MARA) is the world’s largest publicly traded Bitcoin (BTC) mining company. Institutional investors have gradually increased their positions in Marathon despite the block subsidy halving expected in April. In particular, institutional investors own 38.9% of Marathon’s outstanding shares, holding 104,212,740 out of the 268 million. Finbold gathered this data from Nasdaq, which also shows the top five institutional shareholders of the Bitcoin mining company. First, Vanguard holds 23.47 million shares (8.76%). Next, BlackRock and Jane Street have 17.19 million (6.42%) and 8.47 million (3.16%), respectively. Morgan Stanley has 6.27 million (2.34%) and State Street is the…
Bitcoin’s latest rally has caused the digital asset to record its largest monthly surge and longest monthly green candle in history, raising speculations about the imminence of a God candle. Data on financial charts platform TradingView revealed that BTC printed a $20,000 candle in February, surpassing others printed in different months in 2021. Largest Monthly Green Candle in History A God candle is a massive candlestick pattern that denotes the drastic surge of an asset. It is the largest candle on a trading chart and is considered too good to be true. Some analysts believe a God candle can potentially…
Today, the crypto space observed notable activity within the Shiba Inu (SHIB) ecosystem, particularly involving substantial transfers of SHIB tokens. A transfer totaling $11.9 million in SHIB was noted, directed toward the address “0xB22.” This movement places “0xB22” among the top three wallets by SHIB volume received within the past 24 hours. This transfer originated from the address “0xdaA,” which had been accumulating SHIB tokens over the preceding five days. Further examination reveals a trend spanning eight months, with significant quantities of SHIB tokens moving between various unknown wallets before reaching the destination at “0xB22.” Of particular interest is the…
Gary Gensler wants 33 more people in the enforcement division of the U.S. Securities and Exchange Commission (SEC) to deal with “new and emerging issues,” according to the regulator’s annual budget pitch. Much of that office’s recent, emerging workload has come from the agency’s pursuit of cryptocurrency businesses, such as Coinbase Inc., Kraken and Binance. A number of U.S. financial regulators noted the rise of crypto as a justification for their latest budget requests – an annual exercise that tends to say more about agencies’ priorities than the actual funding they necessarily end up with. The SEC, for instance, has…
In anticipation of the forthcoming Bitcoin (BTC) halving event, thousands of outdated Bitcoin mining machines in the U.S. are being prepared for shipment to destinations abroad. According to Bloomberg, SunnySide Digital — a wholesaler in the crypto mining industry — is sending approximately 6,000 older Bitcoin mining machines to a warehouse it operates in Colorado Springs. The company plans to refurbish and resell these machines to buyers overseas, especially in regions with cheaper energy costs. SunnySide Digital CEO Taras Kulyk said the decision is a natural response to the halving event. Buyers are seeking locations where electricity expenses are minimal.…
Legendary trader Peter Brandt has recently unveiled his bullish outlook on the price of Bitcoin, shedding light on the unprecedented shifts witnessed on the crypto market as February comes to a close. With Bitcoin surging by an impressive 43.57% and reaching $64,000, Brandt’s insights have captured the attention of investors. Brandt, a prominent figure in the field of trading, has analyzed Bitcoin’s recent performance and shared his perspective on its future trajectory. Indicating a significant shift in market dynamics, the expert suggests that the remarkable surge in February marks the beginning of a new phase for Bitcoin. Drawing parallels with…
Real World Assets (RWA) in DeFi and Crypto demonstrate how tokenization unites blockchain and traditional finance. Digital tokens for real estate and gold could change decentralized finance. To add RWAs to DeFi, you must understand how they formalize off-chain transactions, connect information, and handle demand and supply in the RWA protocol. RWAs connect the real and digital worlds in DeFi, expanding investment opportunities, liquidity, and market access. This DeFi RWA study shows how innovation and financial change are possible in a fast-changing ecosystem. Understanding How RWAs Work Understanding how RWAs work is essential to understanding their value in DeFi. Off-chain…
Bone ShibaSwap (BONE), the gas token of the Shiba Inu layer-2 network Shibarium, has recorded a 6% jump following the listing of its margin trading on the Gate.io exchange. The listing, announced by the official X account of the Shiba Inu ecosystem, went live on March 21 with the protocol advocating responsible trading. Margin trading involves borrowing money from an exchange to buy the asset of choice. Repayments are made at a later date but with higher interests. Woof! Did someone say BONE appétit? $BONE margin trading is now LIVE on @gate_io Ready to maximize your gains? just remember, trade…