Author: NBTC

Crypto analyst Ash Crypto has alerted the crypto community that $33.14 billion is at risk if the Bitcoin price reaches $72,462. This relates to the short positions that could be liquidated if the flagship crypto hits that price target, a development that will be bullish for BTC. Almost $33.14 Billion Will Be Wiped Out If Bitcoin Price Hits $72,462 Ash Crypto mentioned the liquidation alert in an X post, revealing that $33.14 billion worth of shorts will be liquidated if the Bitcoin price hits $72,462. These BTC bears are already in danger of getting liquidated, considering that the flagship crypto…

Animoca Brands made a strategic investment in Igloo, Inc., the parent company of Pudgy Penguins. The fund aims to expand NFT as consumer crypto, in addition to its Mocaverse platform. Igloo, Inc., the parent company behind the Pudgy Penguins NFT collection, will receive a strategic funding round from Animoca Brands. The fund, which is still one of the most active investors in Web3 and NFT, is in search of project complementing its Mocaverse brand. The Mocaverse includes NFT, digital identity, and metaverse features, aiming to revive consumer crypto with a gamified element. Animoca Brands has continued its support for Web3…

Following the correction experienced in Bitcoin and altcoins over the weekend, the increases continue with inflows into cryptocurrency investment products. At this point, CoinShares released its weekly cryptocurrency report and said that there was an inflow of $3.13 billion last week. “Cryptocurrency investment products saw record weekly inflows of $3.13 billion, bringing total inflows to $15.2 billion since mid-September, when interest rates were first cut in the U.S. Year-to-date inflows have reached a record $37 billion, far surpassing the launch of US Gold ETFs, which attracted just $309 million in their first year.” Positive Trend Continues in Bitcoin and Altcoins!…

Unlike traditional wills that manage physical assets, the DIFC Courts have chosen Hedera for its reliability, security, speed, and trust, ensuring a transparent process. This initiative underscores Dubai’s strategic approach to establishing a sustainable digital asset infrastructure and regulatory framework. The Dubai International Financial Centre (DIFC) announced its integration of Hedera’s Hashgraph technology which will power a new Digital Asset Will inheritance solution. This initiative is distinct from the traditional FinTech focuses like tokenized assets and payments. Thus, it marks a unique application of distributed ledger technology (DLT) in estate planning, especially for digital asset inheritance. Managing digital assets in…

Binance is launching a novel earning opportunity for its users through the introduction of THE coin, a key asset linked to a decentralized exchange and liquidity platform on the BNB Chain. This initiative will unfold via the Binance HODLer AirDrop Portal, allowing BNB holders who engage in Simple Earn products to receive the coin without any cost. Contents hide 1 What Are the Requirements for the AirDrop? 2 How Does the AirDrop Work? What Are the Requirements for the AirDrop? The THE coin is set to be listed on November 27, with trading pairs including THE/BTC, THE/USDT, and others. Users…

According to Henley & Partners Crypto Wealth Report, Bitcoin millionaires have increased by over 111% from 2023 to 85400, accounting for 49.6% of crypto millionaires in 2024. In terms of crypto billionaires, five out of the six new entrants this year also owe their fortunes to Bitcoin. Crypto millionaires have increased by 95% from last year’s figures Currently, 172300 people hold 1 million crypto assets and counting, a massive 95% spike from 2023. BTC holders have notably contributed to the surge in crypto millionaires, with the asset-related millionaires growing by over 111% in the same period to 85400. Bitcoin millionaires…

CryptoPunk #8348, a one-of-one CryptoPunk and the only one with seven traits, was loaned for $2.75 million in a historic financing deal facilitated by NFT lending platform GONDI. The loan, which has a six month maturity and a 20% interest rate, must be repaid by the borrower—notable NFT collector Seedphrase—in that time, or he’ll yield his Punk to the lending party. Originally purchased in May 2020 for 85 ETH ($18,000 at the time), Punk #8348, which has become synonymous with Seedphrase’s online identity, has not changed hands since. “This is comparable to using a Picasso as collateral in the traditional…

Newmarket Capital recently closed the first investment deal for its new Battery Finance loan strategy, which enables borrowers to incorporate bitcoin into long-term financing structures as collateral. On November 7, 2024, Newmarket Capital, an institutional capital manager and Registered Investment Adviser completed a refinancing for the Bank Street Court apartment in Old City, Philadelphia, PA. The loan was collateralized by both the building and approximately 20 bitcoin. Newmarket Capital CEO Andrew Hohns is excited about not only setting his company’s new strategy in motion but the symbolism in the deal. “It’s a building that is located less than half a…

The Tangle Treasury Grant Committee announced plans to reinvest IOTA, SMR, and USDT assets into the IOTA EVM DeFi ecosystem. IOTA’s parallel transaction processing and recent EVM compatibility with Solidity smart contracts are driving factors in its rapid growth within the DeFi sector. In a major announcement earlier today, IOTA declared that the total value locked (TVL) on the IOTA EVM has shot past $20 million. This achievement reflects months of dedicated work to advance the digital ecosystem and build a foundation for the next generation of Web3 solutions. With this TVL growth, IOTA will continue to make progress in…

The price of Ren (REN) has fallen sharply in the past 24 hours amid a broader breather for cryptocurrencies. REN price was down more than 38% at the time of writing as the token reacted to news that crypto exchange Binance is delisting spot trading pairs for Ren as well as several other altcoins. Binance delists multiple tokens On Nov. 26, Binance announced that it would be delisting the spot trading pairs of multiple tokens as of December 10, 2024. The exchange, the world’s largest by trading volume and user base, notified its user community that trading support for Ren…