Author: NBTC
In the sands of Arrakis and the bustling markets of feudal Japan, trade is the lifeblood of society. Just as the characters in Dune and Shogun navigated intricate webs of alliances and commerce, businesses face similar challenges in today’s complicated global trade landscape. Yet, as supply chains become increasingly complex, it’s blockchain technology that is up to the task of revolutionizing and modernizing trade finance, offering a transformative solution to the persistent trade finance gap. While trade may sound like a complex conversation, two recent releases covering the subject have drawn massive audiences. Dune: Part Two has generated over $490…
Recently, attention of one of the most experienced traders in the industry, Peter Brandt, has turned toward Bitcoin, the pioneer digital asset, as it exhibits compelling price movements that could indicate a significant buying opportunity. Analyzing the price action of Bitcoin, we have observed a substantial 233% increase in its value on a daily closing price basis since Sept. 11. Notably, the most considerable closing price retracement experienced by Bitcoin was a modest 15.7% from Jan. 8 to Jan. 22. Such resilience in price is indicative of strong market sentiment and underlines the asset’s robust nature amid the volatile crypto…
Ethereum (ETH), the second-largest cryptocurrency and the world’s leading smart contract platform, has achieved a significant milestone, surpassing 400,000 daily active users. This surge in user activity comes as decentralized finance (DeFi) applications, non-fungible tokens (NFTs) and other decentralized applications (dApps) continue to gain traction within the Ethereum ecosystem. Over the past few years, various solutions have emerged to help the Ethereum network process more transactions in aggregate. Roll-ups are blockchains that execute transactions externally to the Ethereum blockchain, utilizing a separate execution environment. They aggregate batches of transactions occurring on the rollup and anchor them into a single transaction,…
In the past 24 hours, three long-term Ethereum traders and funds transferred 32,527 ETH, equivalent to $109 million, to centralized exchanges (CEX). This move raised several doubts among market observers who wondered whether these ‘whales’ believed that the latest market correction had not yet reached its extreme. The first of these was a whale known as the iExec RLC altcoin team multisig 0x213 wallet, which deposited 12,500 ETH, worth approximately $41.7 million, to Kraken 8 hours ago. At the time of the transfer, the price of Ethereum was around $3,339. This wallet first received a significant amount of Ethereum, totaling…
OKX, a leading Web3 technology company, recently partnered with Galxe, a top community-building platform. This partnership will simplify OKX Wallet users’ digital asset management by connecting them to Galxe’s powerful web3 ecosystem. Earlier, OKX partnered with Immutable for GamrFi launchpad. OKX and Galxe Collaborate for Seamless Web3 Integration Galxe is known for building and engaging web3 communities. Its 16 million users and 4,900 well-known brand partnerships are impressive. Galxe’s quest platform has launched over 63,000 campaigns across 16 blockchains, solidifying its web3 dominance. With Galxe integration, OKX Wallet has improved marketing and user engagement. OKX Wallet wants to use Galxe’s…
Anthony Scaramucci, a legend in the investment world, has called Bitcoin the “Berkshire Hathaway of the 21st century.” He described Bitcoin as a “compounding, wealth-generating machine” for investors, emphasizing that it is still very early for Bitcoin, akin to the early days of Berkshire Hathaway. Scaramucci’s comparison draws a bold parallel between Bitcoin’s current trajectory and the historical performance of Berkshire Hathaway. Bitcoin surpasses Berkshire Hathaway in market cap In a striking comparison, Bitcoin’s market capitalization has significantly outpaced that of Berkshire Hathaway. This shows its growing dominance and investor interest. As of now, Bitcoin boasts a market cap of…
Leading crypto intelligence platform IntoTheBlock provides an insight into the widespread accumulation of Shiba Inu (SHIB) over the past month. According to data shared by IntoTheBlock’s pseudonymous content creator “Slim Daddy,” short-term investors boosted their Shiba Inu holdings by adding 64 trillion SHIB tokens in the past 30 days. In the past 30 days, short-term Shiba Inu owners have increased their holdings by a staggering 64 trillion $SHIB. According to insights from @intotheblock utilizing the Balance by Time Held metric, Shiba Inu traders with holdings spanning less than a month have seen a… pic.twitter.com/LGtwHkRo6T — Slim Daddy◻️𓃵 ₿ (@felixreads) March…
Alexander Leishman, the co-founder and CEO of River Financial, is a prominent figure in the cryptocurrency landscape, particularly known for his contributions to making Bitcoin more accessible and understandable to investors. River Financial, under Leishman’s leadership, operates as a Bitcoin-centric financial institution, offering brokerage services that enable users to buy, sell, and securely hold Bitcoin. The firm distinguishes itself by focusing solely on Bitcoin, emphasizing security, regulatory compliance, and a seamless user experience aimed at long-term investors. On March 2, Leishman explained on social media platform X, why over half of River Financial’s treasury is held in Bitcoin. This strategic…
This week’s non-fungible token (NFT) sales have taken another nosedive, intensifying the downtrend that began with a 16.55% decline from March 9 to March 16, 2024. The last seven days have witnessed an even steeper drop, with NFT sales plummeting by 18.57%. Cryptopunk #7,804 Shines in a Week of Falling NFT Sales In line with the broader cryptocurrency landscape, NFT transactions have experienced a dip, plunging 18.57% to a total of $290.51 million. The leading five blockchains, gauged by the week’s total sales, all reported declines. Ethereum was at the forefront with NFT sales amounting to $107.21 million, albeit a…
The ETHBTC chart is often overlooked, but this “hidden” chart might be your best bet for finding volatility growth cycles. What makes this chart special is its ability to signal incoming volatility swings on the market. When ETHBT goes up, it is often a sign that money is flowing into Ethereum’s network. This influx is not just idle cash; it is active, it is chasing after returns and it is often poured into Ethereum’s DeFi, leveraged trading platforms and meme coins. These sectors are notorious for their high-stakes, high-reward nature, which naturally brings in more volatility. Looking at the chart,…