Author: NBTC

Experts continue to see substantial potential in Bitcoin, even as its price has experienced significant volatility in recent weeks, dropping from nearly $60,000 to under $53,000 by Friday. Although Bitcoin experienced brief recoveries last week, including a surge to $57,000, these gains were short-lived. The price then fell by over $4,000, leading to widespread market liquidations. By the weekend, Bitcoin began to stabilize, hovering around $54,000. On Monday, trading saw a modest uptick, with the price rising above $55,000 for the first time since Friday. Bitboy Targets $146K Bitcoin Despite Bitcoin’s recent fluctuations, industry leaders have expressed bold predictions about…

As financial institutions continue to ramp up their tokenization efforts, many — including BlackRock — have been quick to assume that Ethereum will dominate this space. However, I think that Bitcoin, with its superior security model and emerging programmability, is actually poised to become the foundation of the next generation of capital markets. While Ethereum has taken an early lead in real-world asset (RWA) tokenization, with the total value of RWA on Ethereum standing at $2 billion (excluding stablecoins), early leads don’t always last. In recent years, Bitcoin — the first and probably best-known blockchain — has seen breathtaking growth…

In a significant development in the world of crypto, $SOL is leading the Solana network with a remarkable trading volume of $67.8 billion. This impressive figure underscores the high level of activity and interest in Solana’s native token. It also reflects its position as a key player in the crypto market, according to recent data from Phoenix. TOP #SOLANA TOKENS BY WEEKLY TRADING VOLUME$SOL $WIF $FIDA $BONK $JUP $GMT $PYTH $GRT $JTO $DRIFT $PRCL $CVC $TNSR $SAMO $RAY pic.twitter.com/ga6SpKkPlU — PHOENIX – Crypto News & Analytics (@pnxgrp) September 22, 2024 $WIF Token Sees Impressive $1.7 Billion Trading Volume After $SOL,…

Solana Telegram bot ecosystem hit a new milestone yesterday, with trading volume reaching $211 million, as reported by Dune Analytics. The Trojan bot led this surge, recording a trading volume of $93.7 million, which accounts for nearly 44.4% of the total. The bot was launched earlier this year as a rebranded version of Unibot. Solana Bots Continue to Dominate the DEX Trading Market In terms of lifetime trading volume, BonkBot still holds the largest share of the DEX bot market. BonkBot’s lifetime trading volume currently stands at $8.69 billion, followed by Maestro and Trojan. However, Trojan has recently dominated the…

Michael Saylor, MicroStrategy’s executive chairman, expects Bitcoin to capture 7% of global capital in the coming years and outclass other assets. On Sept. 9, Bitcoin (BTC) was trading just under $55,000 after a 2% rise in 24 hours, according to crypto.news price pages. Saylor told CNBC that this price would increase by 70 times as adoption skyrockets, placing BTC at $3.85 million per coin soon. Saylor explained that the thesis behind Bitcoin’s exponential price leap is rooted in its technological superiority over other assets and its yearly returns. Since August 2020, when MicroStrategy began buying BTC, the cryptocurrency has rewarded…

CoinShares opened a new office in New York City, expanding its presence in the US market. The company’s decision to establish a permanent presence in the region followed several major developments, including its acquisition of Valkyrie Funds LLC, a digital asset management firm offering ETFs. According to the official statement, CoinShares’ central office in New York City will serve as the base for the company’s US operations, which are set to expand rapidly in the coming years. The company is reportedly actively recruiting in various departments, including sales, marketing, operations, and compliance, aimed at strengthening its presence in the American…

South Korea’s largest cryptocurrency exchange Upbit reported significant increases in trading volumes across a variety of altcoins, with some seeing sharp increases in activity over the past hour. Here’s a breakdown of the most notable moves: One of the notable moves occurred on The Graph (GRT), which saw a significant jump in 1-hour trading volume on Upbit. Volume rose by 158.17% from an average of $720,000 to nearly $2 million. This increase outpaces GRT’s performance on Binance, where volume remained stable at around $1 million and only changed by 7.86%. Loom Network (LOOM) posted even more dramatic numbers. Its 1-hour…

As digital asset market grows, with projections reaching trillions, institutions like Citi and HSBC expect tokenization to transform finance. Crypto exchanges are essential to this evolution, handling digital assets, cross-border payments, and institutional custody. To thrive, Ripple Custody has come up with solutions for crypto exchanges that provide high-security options for managing digital assets. Ripple Custody and Payments: Flexible and Secure The platform includes bank-grade self-custody and cold storage, giving exchanges control over key management to cater to a broad range of client needs, from long-term holders to active traders. The customization allows exchanges to easily support emerging asset classes…

According to the popular blockchain tracker Whale Alert, which monitors large cryptocurrency transfers, an ancient Bitcoin whale came back to life from almost 11 years in hibernation. Dormant Bitcoin whale earns staggering profit Whale Alert reported that a wallet, which had remained 10.8 years in dormancy (since 2013), has been ignited back to life. It contains a mammoth $8,094,469 worth of Bitcoin. The BTC amount concluded inside the wallet equals 146 coins, and back in 2013, they were valued at $80,257. Since then, the value of that Bitcoin has soared by 9,985%. 💤 A dormant address containing 146 #BTC (8,094,469…

Metaplanet has completed its 11th series of stock acquisition rights, raises $66 million. Of the total 18.1 million stocks rights issued, 72.8% were exercised by the shareholders. Japanese investment adviser Metaplanet Inc. (3350) has successfully completed its 11th series of stock acquisition rights, raising a total of 10 billion yen ($66 million). The initial announcement of the stock acquisition rights was on Aug. 6, when Metaplanet’s share price stood around 700 yen. It gave shareholders the option to purchase new shares at a discounted rate of 555 yen per share. Metaplanet adopted bitcoin as a reserve asset in May as…