Author: NBTC

Data shared by the Ripple Stablecoin Tracker account on the X platform has revealed six consecutive transactions, which carried a massive amount of Ripple USD (RLUSD) stablecoins each. All those transfers were conducted within a single hour, and they carried 441,000 RLUSD, cumulatively. They were the first RLUSD transfers facilitated by Ripple after a pause that lasted several weeks. 441,000 RLUSD transfer facilitated The aforementioned data source revealed the details of six transactions that took place roughly 15 hours ago. Per the tweets, some of them were conducted between anonymous wallets, which were likely affiliated with Ripple somehow or unknown…

The price of Bitcoin has gone well beyond $71,000 for the first time since June 2024 on Oct. 29. Crypto analyst predicts Bitcoin is poised to reach a new all-time-high this week if the upward trend continues. According to data from crypto.news, Bitcoin(BTC) has gone up nearly 5% on Oct. 29. The cryptocurrency with the largest market cap reached $71,267 in the past 24 hours. The last time Bitcoin was able to cross the $71,000 threshold was in June 2024. Previously reported on Oct. 28 by crypto.news, head of research at CoinShares, James Butterfill stated that current Bitcoin prices and…

BounceBit’s latest upgrade combines centralized and decentralized finance to form CeDeFi V2, a protocol that grants users multichain support without having to go through BounceBit’s chain. Binance-backed Bitcoin staking startup BounceBit has launched its latest upgrade dubbed CeDeFi, which stands for Centralized-Decentralized Finance. The platform aims to combine both sides to enhance its operational efficiency and strengthen security measures. Shortly after its upgrade launch on Nov. 12, BounceBit saw a 2X increase on its inflow, amounting to $20 million consisting of Bitcoin (BTC), Tether (USDT), (ETH), Binance Coin (BNB) and Solana (SOL) trades across the CeDeFi V2 multi-chain platform. The…

Bitcoin is breaking records left and right, and Wall Street can’t ignore it any longer. The money’s on the miners now. The same miners who’ve been sweating it out all year, barely staying afloat, are suddenly the hot ticket, per CNBC’s data. It’s like flipping a switch; one minute they’re getting crushed by regulations and stagnant BTC prices, and the next, they’re riding this massive post-election Bitcoin rally straight to the top. The big players – Riot Platforms, Marathon Digital, CleanSpark – are all on Wall Street’s radar again. Here’s the thing: 2024 has been a rollercoaster for miners. Pure-play…

Andrew Tate, the controversial internet personality and former kickboxing champion, has pledged his support for crypto influencer Ben Armstrong, also known as “BitBoy.” Tate has promised $100,000 in Daddy Tate (DADDY) token to Armstrong if he wins his upcoming fight against a fellow crypto influencer, @blknoiz06 (often referred to as “Ansem”). The fight is scheduled to take place on December 6, 2024, in Dubai as part of the Crypto Fight Week event. Who is Ben Armstrong, aka “BitBoy”? Ben Armstrong, widely known in the crypto world as “BitBoy,” has amassed a large following on social media, primarily through his YouTube…

Bitcoin (BTC) recovered above $70,000 with low volatility metrics. A similar gradual climb is happening for gold, showing both assets do not expect unusual price swings ahead of the US Presidential elections date. Both gold and Bitcoin (BTC) continued to expand with low volatility, suggesting a limited probability for price swings ahead of November 5. In the last stretch ahead of the US Presidential vote, the assets extended their gains while volatility decreased in the short term. The Bitcoin volatility index fell off a cliff in October and is down by 50% for the past four weeks. The BTC volatility…

SolanaSwap has emerged as a significant DeFi initiative on the Solana blockchain, characterized as a community-driven, non-profit organization. The platform’s establishment on Solana is particularly noteworthy, aiming to enhance decentralized finance capabilities. Contents hide 1 What Features Does SolanaSwap Offer? 2 What is the Value of SOS Coin? 3 How Can Users Buy SOS Coin? What Features Does SolanaSwap Offer? Designed with developers in mind, SolanaSwap promises a swift and efficient platform. It aims to simplify blockchain access for users while facilitating a superior experience. Key attributes of SolanaSwap include: Speed: With block times of just 400 milliseconds, Solana is…

Day traders have gone on a buying spree, flocking to assets linked to Elon Musk following Trump’s election win. The assets on their list include stocks and extremely volatile cryptos such as Dogecoin and MAGA-themed memecoins. Elon Musk has always had a great influence over the crypto market, having caused dramatic price swings with simple tweets in the past. More recently, he became one of Trump’s biggest supporters and a key figure toward the end of the former president’s campaign. Following Trump’s victory earlier this month, Elon’s companies have been big winners, recording massive booms in the trading market. Now,…

The parody Department of Government Efficiency (D.O.G.E) memecoin has surged by 100% in the last 24 hours, boosting its trading volumes and demand. Elon Musk’s public discussions about forming a real “Department of Government Efficiency” (D.O.G.E.) to streamline government spending have spurred the rise of this parody token. A parody Department of Government Efficiency (D.O.G.E) memecoin has been up 100% in the past 24 hours as it has started to go viral within crypto circles, boosting trading volumes and demand. A CoinDesk analysis first flagged the Ethereum-based token in mid October, with prices increasing more than 600% since then. Entrepreneur…

Veteran trader Peter Brandt insists Bitcoin has still not recorded a breakout, urging caution despite the firstborn crypto’s recent gains. In an analysis today, Brandt argued that Bitcoin’s recent movements do not yet constitute a “real” breakout. He focused on important structures and price points that Bitcoin must breach to qualify as a legitimate breakout. The Bitcoin Inverted Broadening Triangle Brandt’s chart shows an inverted broadening triangle pattern on the weekly BTC chart. The legendary analyst had previously identified this pattern, suggesting that Bitcoin would remain in a bearish setup as long as it trades within the structure. Bitcoin’s recent…