Author: NBTC
Paolo Ardoino, the CEO of Tether, the issuer of USDT, the world’s largest stablecoin by market cap, has taken a jab at Digital Currency Group (DCG), the distressed crypto firm currently facing a lawsuit from the New York Attorney General (NYAG). In a March 11 post on X, the CEO mocked DCG in the wake of newly revealed court documents. Fillings allege that the CEO was short “400 million” USDT following rumors of its instability when the crypto hedge fund Three Arrows Capital (3AC) collapsed. DCG and Barry Silbert feared that Tether “would blow up” and decided to hedge risks…
As bitcoin’s value teeters on the brink of setting new price records, a significant batch of vintage bitcoins dating back from 2010 to 2017 has been transferred for the first time since their initial creation. Present data reveals that in the opening week of March 2024, a total of 4,237.73 ancient bitcoins, valued at over $283 million, were spent for the first time after all these years. March 2024 Marks the Revival of ‘Sleeping Bitcoins’ With $283 Million Transacted On Tuesday, Bitcoin.com News reported on a significant transaction involving a mega whale who transferred 1,000 BTC from 20 distinct 2010…
Coinbase shares upgraded to market perform from underperform at Raymond James. The firm cited the positive impact of spot bitcoin ETF flows on crypto valuations. Goldman Sachs revised its negative rating on the shares last week. Investment bank Raymond James is the latest Wall Street firm to revise its negative rating of the shares of crypto exchange Coinbase (COIN), after surging exchange-traded fund (ETF) inflows triggered a rally in the stock and bitcoin (BTC) pushed to all time highs. While Raymond James said its long-term bias on Coinbase remained negative, the firm admitted to underestimating the impact that spot ETF…
While the leading cryptocurrency Bitcoin (BTC) showed sharp volatile movements in the last 24 hours, the long-awaited $ 69,000 was reached yesterday. However, this visit of Bitcoin was short-lived and it fell to $ 59,000 due to the sales pressure. While there was a bloodbath in Bitcoin and altcoins, according to Coinglass data, 296,029 investors became liquid, while $ 1 billion in leveraged positions were liquidated. While there were sharp ups and downs in the market, on-chain data tracking platform Nansen announced the most purchased cryptocurrencies in the last 24 hours. According to Nansen data, while Bitcoin and altcoins exhibited…
Brave, a privacy-focused web browser with over 60 million users, has rolled out an update to its desktop version (1.63) that introduces support for Native SegWit Bitcoin wallets within its built-in Brave Wallet. Additionally, Brave Wallet now enables users to send and receive from all types of Bitcoin addresses, including Legacy, Nested SegWit, Native SegWit, and Taproot, ensuring compatibility with third-party wallets. #Bitcoin is now available in Brave Wallet on desktop!Just make sure you’re on the latest version of Brave (v1.63) and you’ll see the option in the “Accounts” section of Brave Wallet.Details are in today’s blog post 👉 https://t.co/bSM1UFzu0p…
The enigmatic Shiba Inu lead developer, Shytoshi Kusama, has hinted at releasing a SHIB-themed service for enthusiasts. In a recent post on X, Kusama issued a cryptic message about efforts the Shiba Inu ecosystem team has been undertaking behind the scenes to improve the ecosystem. He disclosed that while the teams of competing projects are asleep, the Shiba Inu leadership is in talks with significant entities for pivotal collaborations. Shiba Inu-themed Product in Horizon Kusama emphasized that these undisclosed discussions are geared toward releasing a crucial Shiba Inu-themed product and service. In the words of the Shiba Inu ecosystem leader:…
After hitting a new all-time high on March 5, and facing a price collapse later, Bitcoin (BTC) was back above $67,000. At press time, CoinMarketCap showed that the coin has gained 3.98% in the last 24 hours, indicating that the selling pressure initially experienced was fizzling out. A critical analysis of the 4-hour BTC/USD chart showed that bulls were aggressively buying the dip. Furthermore, demand for Bitcoin ETFs as well as the hike in spot volume contributed to the recovery. Bitcoin 4-Hour Analysis As it stands, bears risk being put out of the market. At press time, buyers might face…
Shiba Inu (SHIB) had faced a retracement from its recent high, dumping by as much as 42% in a few hours due to multiple factors such as market dynamics. The broader crypto market is facing a major correction that has sent prices below major support levels. Shiba Inu has not escaped the onslaught, being one of the most impacted crypto assets in the market, with the token erasing some of the gains of the previous day. Notably, Shiba Inu initially surged to a high of $0.00004567 yesterday as the market run gained considerable steam. The asset had breached several resistance…
Peter Brandt, a respected figure in the trading community, has recently shared his insights on the Bitcoin future price potential. Through a post on X, Brandt ignited discussions within the crypto community by commenting on Bitcoin’s recent attainment of a new all-time high (ATH). More interestingly, he proposed when Bitcoin might scale new historic price heights. Related Reading: Bitcoin Price Crashes After New ATH, Are Dips Supported At $60K? Drawing from his experience in market analysis, Brandt speculated that Bitcoin could reach a price mark of $150,000 per BTC by October 2025, a prediction based on an in-depth analysis of…
This week, as of March 9, 2024, the cumulative value held in decentralized finance (defi) platforms exceeded $100 billion for the first time since the downfall of Terra in May 2022. In the past 30 days, the leading three defi platforms have experienced an increase of at least 50%, fueled by the substantial rise in the overall value of the cryptocurrency market. Major Growth in Defi Currently, the total value locked (TVL) in defi has reached beyond the $100 billion threshold, a figure last observed when Terra’s stable coin UST lost its peg. The expansion in TVL can largely be…