Author: NBTC
Floki Inu (FLOKI) has recently experienced a remarkable surge in its price, witnessing a staggering 100% increase to reach over $0.0000949. This surge has not gone unnoticed within the cryptocurrency market, attracting significant attention from investors and enthusiasts alike. Such a rapid price movement highlights the dynamism and volatility inherent in the crypto space, with Floki Meme Coin emerging as a prominent player in the midst of this volatility. The sudden spike in Floki’s price has sparked discussions and speculation, reflecting the growing interest in alternative cryptocurrencies and meme coins in particular. As Floki continues to capture the spotlight, its…
In a remarkable display of confidence in the cryptocurrency market, a newly-created wallet has withdrawn an astonishing 6,660 BTC, equivalent to approximately $445 million, from the popular cryptocurrency exchange Kraken over the past four days. This significant transaction was brought to light by the blockchain analytics platform Lookonchain, which regularly monitors and reports on large movements of cryptocurrencies. A fresh wallet withdrew 6,660 $BTC($445M) from #Kraken in the past 4 days.https://t.co/4Hd54e1CmA pic.twitter.com/bZXiiOhrIn — Lookonchain (@lookonchain) March 5, 2024 This hefty withdrawal by a single entity, often referred to as a ‘whale’ within the crypto community, has caught the attention of…
Just two months after their approval, spot Bitcoin ETFs became a sensation, attracting over $11.8 billion in investments, including a record $1 billion in a single day. This influx of capital has driven Bitcoin’s price to an all-time high of nearly $73,000, an increase of almost 60% this year. Ethereum, the second-largest cryptocurrency by market cap, followed suit, climbing to nearly $4,000. The increase in Ethereum price is partly due to anticipation surrounding the U.S. Securities and Exchange Commission’s (SEC) upcoming deadline to respond to the initial spot ETH ETF application filed by VanEck on May 23. Bitwise CIO Matt…
The 2024 bull run is setting the stage for a showdown among AI-powered cryptocurrencies, with several emerging as frontrunners, ready to outpace Worldcoin. Among these, Bittensor (TAO), Render (RNDR), Fetch.ai (FET), Arkham (ARKM), and Ocean Protocol (OCEAN) shine as potential giants. Their robust foundations and innovative applications position them as prime tokens for investors eyeing the next big leap in crypto. Bittensor (TAO) Bittensor (TAO) emerges as a pioneering force in decentralized machine-learning networks operating on a blockchain framework. This innovative protocol facilitates collaborative training among machine learning models, rewarding their contributions with TAO based on the value they add…
House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion Chairman French Hill (R-AR) lambasted the Consumer Financial Protection Bureau (CFPB) Wednesday morning for their recent federal oversight proposal of digital asset payment systems, telling the independent government agency to “go back to the drawing board.” Republicans Criticize Consumer Financial Protection Bureau’s Oversight Rule “There is no doubt that this proposal will decrease incentives to innovate in the payments space and leave consumers encumbered with fewer firms from which to choose a payment method–that decreases competition,” Hill said. Republican subcommittee members predominantly argued that the Consumer Financial Protection Bureau’s…
The crypto world watches with bated breath as BTC continues to hover around $68,000 to the dollar, below its all-time US high of $69,000. Invezz spoke to Rania Gule Market Analyst at XS.com on what will likely happen next. Edited excerpts: How likely is Bitcoin to reach or surpass $69,000 this week? The new rise [to] the highest level since November 2021, confirms the strength of the upward trend, despite negative technical signals indicating the price reaching overbought conditions. After breaking above the April 2021 level at $64,821, the price will inevitably target the higher record level of November 2021…
An investor who accurately called Bitcoin’s (BTC) 2022 bear market bottom says he’s extremely bullish on one smart contract protocol. Venture capitalist and crypto investor Chris Burniske tells his 285,400 followers on the social media platform X that Ethereum (ETH) has cemented its status as a “credible settlement layer for crypto assets.” According to Burniske, other layer-1 protocols such as Solana (SOL) and Avalanche (AVAX) are at a point where they’re contending to reach Ethereum’s level. “Despite being most vocal about SOL in the last bear given its distressed levels, and the already known problems being highlighted regarding Ethereum UX…
One day, the Donald Trump-themed MAGA coin, which surged nearly 400% over the last month according to CoinGecko data, and boasts a market cap of over $285 million, might enter the meme coin hall of fame alongside the category’s canine icons. “My intention is really to have this up there with a DOGE or SHIB, that kind of scale and market cap and popularity,” the project’s marketing director, YouTube talk show host Steven Steele, said in an interview with CoinDesk. It might sound absurd, but this is crypto. Remember, those two dog-themed meme coins have market caps well into the…
Financial institutions have reported $165 million in potential crypto transactions that may be tied to Hamas, according to the bureau of the U.S. Treasury department that combats terrorism financing. The Financial Crimes Enforcement Network analyzed suspicious activity reports filed between January 2020 and October 2023, according to a letter signed by Deputy Treasury Secretary Adewale Adeyemo. The letter, reviewed by CoinDesk, was directed to the leaders of the Senate Banking and House Financial Services Committees and asked for their support in passing legislation that would broaden the Treasury Department’s oversight authority over crypto transactions. The letter hedges the extent to…
The Market Value to Realized Value (MVRV) ratio, a popular indicator used to gauge the profit and loss of Bitcoin (BTC) holders, has reached a critical threshold that has historically been a precursor to significant price corrections. Crypto analyst Ali Martinez brought attention to this trend through a tweet, warning that the Bitcoin MVRV indicator has climbed to 19.57%. #Bitcoin MVRV indicator is at 19.57% right now! Since February 2021, each time it crossed the 18% threshold, $BTC price plunged by 24% to 55%. Traders should monitor this trend as it anticipates a steep price correction! pic.twitter.com/kj3ysZPC46 — Ali (@ali_charts)…