Author: NBTC

The price of Bitcoin (BTC) is likely to witness mild correction after its recent parabolic run, but the current address holdings form a formidable support that might stabilize any negative volatility. After a period of uptrend, a correction is often the next feasible direction. For February, the price of Bitcoin jumped by more than 47%, hitting a high of $63,913.13 and sending more than 95% of its addresses into profit. Per data from IntoTheBlock, Bitcoin currently has strong support with minimal resistance placing it at a bullish position at the moment. Formidable Bitcoin Acquisition Zone According to data pointed out…

Last Monday, an on-chain photo of a puppy in a knit beanie sold for slightly more than $4.3 million. While such a statement might sound absurd—and this might not make a huge difference—the dog featured in the photo was no random hound, but Achi: the Shiba Inu from the iconic Dogwifhat internet meme. At over $4.3 million, the Achi NFT became the most expensive meme NFT ever sold. But it was hardly the first. For years, the healthy overlap of internet and crypto cultures has spawned NFT incarnations of some of the most famous memes of all time. Here’s a…

Electric Capital, a web3 venture capital firm, is delving into the analytical aspect of the NFT market to address two unresolved issues. In an X thread on Mar. 22, Electric Capital founder Avichal Garg unveiled a new analytical platform designed to address the scarcity of cross-chain data and transparency within the turnover of digital collectibles. 1/ Announcing NFT Pulse!https://t.co/rcIdebM3Q2At @ElectricCapital we kept asking NFT questions but had 2 problems:A. data sources were susB. data was not cross chainWe built a v1 on @AlliumLabs data & are opening the dash publicly. Feedback is appreciated!Fun charts👇 — Avichal – Electric ϟ Capital…

Sam Altman-backed Worldcoin has met skepticism for its eye-scanning Orb, a device it uses to create biometrically unique accounts for its more than four million users. But in a show of transparency, Worldcoin is making the core software undergirding the Orb open source to the public, they announced in a blog post Friday morning. The Orb’s transition to open source has been a gradual one. Worldcoin had previously released details on the device’s hardware and made its iris recognition component open source, but hadn’t given the public details about its main software. This latest open-sourcing of the Orb’s core functionality…

Eight financial giants are shelling out tens of millions of dollars to settle a decade-long whistleblower lawsuit. JPMorgan Chase, Bank of America, Citigroup, Morgan Stanley, Fifth Third Bancorp, Barclays, Bank of Montreal (BMO) and William Blair were sued in 2014, accused of reaping millions in illicit profits by rigging interest rates on municipal bonds. The whistleblower, identified in the lawsuit as Edelweiss Fund LLC, says the firms have paid $70 million to settle the class action lawsuit, which included at least 14 states and a list of state agencies. Edelweiss accused the group of Wall Street firms of “widespread fraud…

Grayscale’s GBTC saw nearly $600 million in outflows Thursday, its largest single-day redemption since Jan. 22, but inflows into other spot bitcoin ETFs offset the sales. BlackRock’s IBIT had another strong day and surpassed $10 billion assets under management. Outflows from the Grayscale Bitcoin Trust (GBTC) spiked Thursday, but inflows into the other nine U.S.-listed spot bitcoin exchange-traded funds were more than enough to offset the GBTC sales. Data compiled by BitMEX Research shows that GBTC saw $599 million of outflows, almost triple of Wednesday’s redemption and the largest single-day outflow since January 22. Confirming those numbers, Arkham Intelligence showed…

Blackrock, one of the world’s largest asset managers, recently launched the ‘USD Institutional Digital Liquidity Fund’ (BUIDL), which allows investors to earn US dollar returns. The BUILD fund attracted a lot of attention, and after its launch, various meme tokens and NFTs were sent to BUIDL’s wallet. According to Spot on Chain’s post, while altcoins such as DETF, USH and ROI came to the BULD fund, the prices of these altcoins increased by up to 20% due to the effect of the BlackRock wallet. While none of these altcoin transfer transactions were made by BlackRock, the 100 million USDC that…

Floki developers are working on offering regulated digital banking accounts that can be funded with FLOKI tokens and used to transact in USD, EUR, and GBP. The project also includes plans for debit cards and staking services, with accounts being facilitated through a partner licensed in Canada, Spain, Dominica, Australia and the UAE. Floki developers are planning to offer users a regulated digital banking account they can fund using (FLOKI) tokens that transact in dollars, euros and sterling, lead developer B told CoinDesk. The development is part of a broader plan to release debit cards and staking services propelling the…

U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) says cryptocurrency is the “best hedge against inflation.” He stressed that crypto “takes control away from the government and from the monopolistic banking system which uses money printing to shift wealth upward to the oligarchy of billionaires while impoverishing regular Americans.” RFK Jr. Says ‘Crypto Equals Freedom’ U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr.) reiterated his support for cryptocurrency in a post on social media platform X Thursday. RFK Jr. is a son of former U.S. Attorney General and Senator Robert F. Kennedy and nephew of former U.S. President…

Based on a recent analysis, numerous outdated bitcoin mining devices likely powered up in response to the latest uptick in bitcoin’s value. However, with the anticipated block reward halving, it’s projected that around 100 exahash per second (EH/s) of computing power might be disconnected after the event. Bitcoin Miners Enjoy Revenue Boost, Yet Face Potential Setback With Upcoming Halving As of this moment, Bitcoin’s overall computing power, as measured by the seven-day simple moving average (SMA) on Luxor’s hashrateindex.com, maintains a steady pace at 596 EH/s, having peaked at a historic high of 628 EH/s on March 12, 2024. A…