Author: NBTC

As revealed thanks to data from Whale Alert, an unknown whale sent 4,535 BTC, equivalent to $322.14 million, to the largest crypto exchange in the United States, Coinbase, today. What adds even more color to this transfer is that it was made on Coinbase Institutional. That is Coinbase’s business and financial institutions division, providing them with a full range of services for storing, buying and selling digital assets. What is known about the sender? The address “147t6” is a relatively new player on the crypto scene. The first transactions with this address date back only two days earlier, when they…

Fintech giant Ripple has emerged as a key player on the dynamic landscape of digital finance, particularly in the realm of blockchain-based payment solutions. In a recent response to tweets, Ripple CTO David Schwartz explained the company’s sharpened focus on business payments, indicating a key strategic move. It all started with a conversation on X/Twitter about the upcoming Ripple stablecoin and its implications for the XRP utility. An X user claimed that Ripple did not devote many resources to marketing the XRPL’s capabilities and expanding its usage but rather built its proprietary software for payments. Schwartz explained why, stating that…

Bitcoin has rocketed into 2024, adding a eye-watering 70% since the beginning of the year despite fears swirling of a “raging firesale.” Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and “uncover blockchain blockbusters poised for 1,000% plus gains” ahead of bitcoin’s looming halving earthquake! The bitcoin price has topped $70,000 per bitcoin, pushing the wider crypto market back toward its peak of $3 trillion that XRP developer Ripple’s chief executive Brad Garlinghouse thinks could double this year. Now, as bitcoin hurtles toward its next halving supply cut, a leak has revealed China could be poised to permit people to…

Between Ordinals, Runes, BitVM, and a resurgent developer ecosystem, the modern era of crypto is marked by a return to its first and largest blockchain: Bitcoin. The hype around Bitcoin layer 2s, rollups, and similar projects is a recent development, but some initiatives have been building on Bitcoin for years. One of those is Stacks, whose native token STX is up 70% in the past 3 months and is now a top-30 crypto by market capitalization. On April 16, Stacks is due for its long-awaited “Nakamoto” upgrade, just in time for the Bitcoin halving. “Stacks is currently the best L2…

Wormhole’s W token, which enables governance on the interoperability protocol, jumped 20% in the last hour. Wormhole launched today its native W token on Ethereum Virtual Machine-compatible blockchains, such as Ethereum, Arbitrum, Optimism, and Base, according to a blog post. This development is facilitated by Wormhole Native Token Transfers (NTT), allowing users to transfer W tokens across these different chains, on top of Solana. The recent launch marks the completion of the second phase of the W token’s rollout plan, setting the stage for the introduction of MultiGov, a multichain governance system built around W staking for voting power. Moreover,…

A widely followed crypto analyst believes one key factor could signal Bitcoin (BTC) is heading to six figures. In a new strategy session, Nicholas Merten, the host of DataDash, tells his 509,000 YouTube subscribers that if inflows of Bitcoin exchange-traded funds (ETFs) remain around 20,000 BTC per week the crypto king could soar beyond $100,000. “I want to make clear here that for me personally seeing those tens of thousands of Bitcoin being purchased on a weekly basis to the ETF would be a huge cue that we’re ready for a broader upward move, that we’re ready for six figures,…

A choice of programming language is not the be-all and end-all of smart contract development. But it does influence the security, efficiency and accessibility of blockchain applications. Each language comes with its own set of capabilities and limitations that can impact how contracts are executed, the potential for vulnerabilities, and the ease of finding and fixing errors. Algorand is becoming the first layer-1 blockchain to adopt Python as its canonical language, in what the Algorand Foundation Chief Technology Officer John Woods calls a “seismic change.” “Python is a massive step forward on the roadmap towards removing all barriers to entry…

Binance Labs, the investment arm of Binance, has announced its support for BounceBit. BounceBit is a protocol revolutionizing Bitcoin restaking and CeDeFi (Centralized-Decentralized Finance) innovations. This strategic investment aims to expand the utility of Bitcoin beyond its traditional role as a store of value. We’ve invested in @bounce_bit!BounceBit is building a BTC restaking CeDeFi infrastructure.Read more👇https://t.co/jtJHI4jUBM — Binance Labs Fund (@BinanceLabs) April 11, 2024 BounceBit’s Approach to Bitcoin Empowerment At the heart of BounceBit’s approach is the belief that Bitcoin’s potential should be maximized without altering its core blockchain. By actively engaging in network validation and various yield-generating activities, BounceBit…

The DOG token was airdropped for users who held the Runestone Bitcoin Ordinal until April 21. The meme coin Dog Go To The Moon (DOG) rose 73% in the last 24 hours and surpassed $540 million in market cap, according to its creator, who identifies himself as Leonidas. DOG also surpassed $3.5 million in trading volume, data from marketplace UniSat shows. Every investor holding the Bitcoin (BTC) Ordinal “Runestone” on April 21 qualified for receiving 889,806 DOG each on April 24. DOG is a token issued using the Bitcoin protocol Runes, which is used to create fungible assets on the…

The latest 13F filings with the SEC reveal that major institutional investors have been acquiring shares in the new spot bitcoin ETFs that launched this quarter. JUST IN: Wall Street firms with a combined $15 BILLION in AUM bought exposure to #Bitcoin ETFs in Q1This is just the beginning 💥 pic.twitter.com/MQ1TZp8tQp — Bitcoin Magazine (@BitcoinMagazine) April 11, 2024 Companies that manage over $100 million in assets are required to disclose their equity holdings quarterly through 13F filings. Bitcoin investors have eagerly awaited these filings to see who is buying into the long-awaited Bitcoin ETFs. The Q1 2024 13F filings released…