Author: NBTC

Typically, Bitcoiners (BTC) move their reserves more actively as the price nears the cycle top. Today’s situation is very far from this euphoria, as per the CryptoQuant CEO. However, a new all-time high might be just a few months away, indicators say. Bitcoin (BTC) crucial metric says cycle top is very far As the Bitcoin (BTC) price stabilized over $51,000, 63% of its supply (by realized capitalization) was not moved for at least six months in a row. This might hint at an ongoing distribution phase for Bitcoin (BTC), on-chain analyst CryptoQuant says. #Bitcoin not moved in over 6 months…

Flamingo Finance has released its roadmap for 2024, which includes the launches of Orderbook+ v2; FLOCKS, an evolution of the FLUND single-staged staking index-like fund; a token auction module; and more. Flamingo 3D designer SOMNIUMWAVE created a video highlighting the breadth and depth of forthcoming changes to the DeFi platform. OrderBook+ v2 OrderBook+ is a block-based order book that utilizes automated market makers and limit orders to establish a decentralized trading protocol with tightened spreads. AMMs allow users to trade tokens permissionlessly and automatically through liquidity pools, while limit orders automatically trigger a trade at the user’s pre-selected price of…

Last week, a poem by Ana Maria Caballero sold for 0.28 Bitcoin or $11,430 at Sotheby’s. The poem by Caballero, “Cords,” was featured in an online auction of Bitcoin Ordinals inscriptions called Natively Digital. The Natively Digital collection was designed as a deep dive into the world of the NFT-like Ordinals on Bitcoin, and contained notable early inscriptions. In addition to the inscription, the buyer of “Cord” will also receive a signed print of the poem. Michael Bouhanna, VP and Head of Digital Art at Sotheby’s, tweeted this week that “Cord” is the first-ever individual poem sold by the 280-year-old…

Jeffrey Wilcke, co-founder of Ethereum, recently transferred 4,300 ETH (valued at approximately $10.7 million) to the Kraken exchange. The move has sparked a wide range of reactions within the cryptocurrency community. Possible reasons behind transfer Wilcke, who played a pivotal role in the development and launch of Ethereum, is a significant figure in the crypto world. His transfer of a large amount of Ethereum to an exchange could have multiple implications, depending on the perspective one takes. Some community members view this transaction as a possible indication of Wilcke cashing out or taking profits, a common practice among individuals holding…

Despite the launch of the first spot Bitcoin (BTC) ETFs in the US market, a new survey by JPMorgan reveals that most institutional investors have no immediate plans to devote resources to crypto trading. The bank’s annual e-commerce survey, which included interviews with more than 4,000 institutional investors, found that 78% of investors surveyed do not plan to trade crypto or digital currencies. Only 12% of investors plan to trade in the next five years. This marks a surprising shift for the asset class, as survey results from previous years pointed to higher adoption expectations. In 2023, 72% of participants…

Avalanche has once again proven its suitability for tokenization in a recent Citi exploration. Avalanche has been making a series of impressive partnerships all boosting its market valuation. Avalanche (AVAX), a prominent decentralized platform has surged 138% in value over the past year, fueled by Citigroup bank’s exploration of tokenization on its Spruce Subnet. Tokenization on Avalanche’s Spruce Subnet Citi’s exploration of tokenization on Avalanche’s Spruce Subnet marks a huge milestone in the evolution of Decentralized Finance (DeFi) and asset tokenization. The experiment, conducted in collaboration with Wellington Management and WisdomTree, aimed to assess Avalanche’s potential to transform capital markets…

According to Santiment, Bitcoin (BTC) addresses that hold between 1,000 to 10,000 coins played significant roles in driving the price up. In most corners, Bitcoin’s climb to $52,000 has been attributed only to institutional demand. This was because of the increasing Bitcoin ETF inflows registered by several issuers. However, a recent post by the crypto analysis tool showed that 1,000 to 10,000 BTC holding cohorts have accumulated $12.85 billion in 2024. On the other hand, the 100 to 1,000 group had let go of $7.89 billion within the same period. 😮 Independent from the impressive volume happening with #Bitcoin #ETF’s,…

The Aave community has overwhelmingly approved a proposal that will set the ball rolling for deploying Aave V3 on Solana, a smart contracts platform. The motion, put forward by the Neon Foundation and the Aave Chan Initiative (ACI), passed with a majority vote of 83% based on results posted on January 21. Solana Fast Rising, DeFi Ecosystem Active Solana has been rapidly expanding, with its native currency, SOL, emerging as one of the top performers in 2023. To put it in perspective, SOL prices exploded from about $10 in 2023 to around $125 by the end of the year. This…

An under-the-radar partnership between NFTScan and OneID reportedly integrates technologies from both domains in an effort to improve Web3. NFTScan OneID is one of the components comprising the critical NFT data infrastructure. This alliance introduces a novel search paradigm that has the potential to revolutionize how NFTs are perceived. Nonetheless, this transition is of the utmost importance, as it unveils a more robust yet more streamlined decentralized framework in which security will be mandated. NFTScan, along with Wide Wallet and Getty Images, joined with OneID, making it a pleasant moment. With the advent of an industry-wide revolution that strives for…

Ethereum (ETH) could be on the verge of a significant decrease if recent events eventually impact the price. On February 10, Lookonchain confirmed that co-founder of Ethereum Jeffrey Wilcke transferred 4,300 ETH, valued at $10.7 million to the crypto exchange Kraken. Jeffrey Wilcke, the Co-founder of #Ethereum, deposited 4,300 $ETH($10.7M) to #Kraken 7 hours ago.https://t.co/STceT5cQmT pic.twitter.com/ROG0evjirh — Lookonchain (@lookonchain) February 10, 2024 Whenever a large volume of cryptocurrency is sent into an exchange, it usually means the participant involved is ready to sell. The incident sparked discussion among market watchers and investors who wondered why a founding member of the…