Author: NBTC

As reported by U.Today, Microsoft shareholders are gearing up for a big December vote on a proposal to diversify the company’s balance sheet, by including major cryptocurrency Bitcoin (BTC). This development is generating interest in the space as crypto enthusiasts consider the implications of such a decision. Anthony Pompliano has reacted to the news, indicating that Microsoft’s consideration of Bitcoin comes from a broader recognition that holding cash in dollars may not be sustainable long term. The cryptocurrency is becoming more and more attractive as a digital store of value, says the entrepreneur, as more entities look for ways to…

Kaal Dhairya, a top developer in the Shiba Inu ecosystem, suggests that SHIB is the number one ERC-20 token on the Ethereum blockchain. According to Dhairya, Shiba Inu is the top-ranked ERC-20 token on Ethereum in terms of market capitalization. The developer excluded stablecoins like USDC and USDT, which are also ERC-20 tokens, due to their presence on multiple blockchains. However, Dhairya contended that Shiba Inu has remained loyal to Ethereum since its launch, attracting significant value to the blockchain. The accompanying chart shows that Shiba Inu had a valuation of $10.39 billion. 🚨 FACT: If you exclude $USDC and…

A well-known market expert recently shared a comprehensive chart predicting when Bitcoin (BTC) might reach its peak price for this cycle. Market analyst EGRAG suggests that the next price peak for BTC could occur in mid to late 2025. Interestingly, he based this projection on an analysis of four Bitcoin cycles and Fibonacci retracement levels to gauge how BTC has behaved after breaking major resistance levels. Bitcoin Cycle Analysis Notably, data from the chart shows that the first cycle took place between 2011 and 2013. EGRAG identified that after Bitcoin closed one full-body candle above the Fibonacci 1 level, it…

Eric van Miltenburg, SVP of Strategic Initiatives at Ripple, says the company’s vision is to enable the Internet of Value. Miltenburg says this vision comes from the idea that value can move as easily as data on the internet. On the Thinking Crypto podcast, Miltenburg said Ripple’s creators started the project to enable value interoperability. He explained that the blockchain solution allows value to move as efficiently as physical goods and data. Miltenburg believes blockchain technology is still in its early stages, including Ripple and its solutions. He mentioned some of the initiatives he and the Ripple team are working…

At Lightspark Sync, Lightspark’s first partner summit on Thursday, the company announced new products and features that will allow users to make global payments with both bitcoin and fiat. The company announced that it has launched an alpha version of Spark, a Bitcoin Layer 2 that’s interoperable with Lightning and that makes it cheaper to onboard users to a non-custodial Bitcoin layer. The company also announced new capabilities for UMA, the company’s open-source and regulatory compliant payment solution that makes sending money as simple as sending an email. With UMA Extend, the Lightning Network can serve as a bridge between…

According to on-chain data, a massive 104 million XRP transaction has birthed a new XRP whale, which refers to large holders of a specific cryptocurrency. The said whale surfaced after a recent transaction saw 104 million XRP, valued at approximately $56 million, transferred in a single move. The transaction reported by blockchain tracking tool Whale Alert involved the transfer of 104,035,551 XRP from an unknown wallet to a newly created wallet. WhaleAlert reported: “104,948,961 XRP worth $52,305,486 transferred from unknown wallet to unknown new wallet.” 🚨 🚨 🚨 104,948,961 #XRP (52,305,486 USD) transferred from unknown wallet to unknown new wallethttps://t.co/Ka3GAwjOMw…

Bitcoin’s price has recently struggled to close above the $70,000 mark, a critical level needed to gain momentum toward its all-time high. Despite several attempts, BTC has been unable to maintain a solid footing above this barrier, which has slowed the bullish momentum. However, there are signs that larger holders may be stepping in, which could create the conditions for a renewed push. Bitcoin Whales Are Driving the Optimism According to recent data from Santiment, retail traders appear to be offloading Bitcoin, with whales seemingly capitalizing on the dip. This shift in trading behavior is significant, as it suggests that…

The latest data from IntoTheBlock shows that large-scale transactions in Shiba Inu (SHIB) have increased by over 361% in the past 24 hours. The number of transactions in USD went from $10.95 million to $39.6 million, with the total amount of SHIB going from 628.55 billion to 2.34 trillion tokens. This is a pretty big jump in SHIB activity among big holders, who made 147 transactions over $100,000 in the indicated time period. This surge in major SHIB transactions suggests that major investors, also known as “whales,” are getting more interested. This does make one wonder why these moves are…

Under a new amendment to South Korea’s Virtual Asset User Protection Act, crypto exchanges can now immediately suspend transactions for legitimate reasons. South Korean regulators introduced this new provision to combat hacking, money laundering, and fraud. This allows exchanges to act swiftly without notifying users beforehand, though they must do so afterward. South Korea’s first crypto user protection act took effect on July 19, 2024. The Virtual Asset User Protection Act aligns with the country’s plan for industry expansion, ensuring customer security. In recent months, South Korea has implemented a series of rules to reduce increasing threats and unfair trading…

Will a rising bitcoin price cure El Salvador’s indebtedness to the International Monetary Fund (IMF)? Earlier this week, Tim Draper claimed a rally to $100,000 per bitcoin would allow the country to repay its IMF loans “and never have to talk to them again.” The claim sparked a discussion about how much debt El Salvador owns — and how much bitcoin can contribute to easing its burden. With some generous math, Draper’s claim that $100,000 bitcoin would allow IMF repayment has superficial merit. Specifically, El Salvador owes 107.7 million SDRs to the IMF worth 1.35049 USD apiece. In other words,…