Author: NBTC

As came to light thanks to data from Whale Alert, a huge withdrawal of over half a billion dollars worth of Bitcoin (BTC) has stunned top exchanges within the last hour. According to the tracker’s messages, the first in a series of mysterious withdrawals was a transfer of 2,999 BTC, worth about $187.64 million, from Huobi to the address “1NBX1,” which Arkham Intelligence identified as the Poloniex account. Next in line was another transfer from Huobi, this time even larger, as 3,994 BTC worth nearly a quarter of a billion dollars alone landed on the same address as the previous…

Spectra Finance has officially launched its fixed-rate derivatives on the PWN peer-to-peer (P2P) money market platform, marking a significant expansion in the decentralized finance (DeFi) space. According to the firm’s report, the partnership brings Spectra’s robust interest rate derivatives capabilities to PWN, combining the strengths of both platforms to offer new opportunities for users seeking predictable returns in the volatile world of crypto finance. Spectra’s Fixed-Rate Derivatives have landed on PWN P2P money markets!@spectra_finance is an end-to-end, permissionless protocol infrastructure, a flagship app for DeFi’s interest rate derivatives, and a perfect match for PWN💛 pic.twitter.com/7fpklvwH8v — PWN (@pwndao) October 10,…

The Chinese crackdown on Ethereum has resurfaced, with around 7,000 ETH seized by Chinese police from crypto Ponzi scheme PlusToken moving to exchanges earlier this week. China Risk Continues in Ethereum! Different types of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP and Litecoin (LTC), with a total value exceeding $14 billion, were seized from PlusToken, which defrauded more than 2.6 million people in 2018 and 2019. While these ETHs are moving again, experts are evaluating whether China will sell Ethereum or sell all or part of it. At this point, the OXT Research analyst added that approximately 7,000 ethers (worth…

Recent developments involving Exchange-Traded Products (ETPs) suggest a pivotal evolution in digital asset management and regulatory adaptation across diverse geographical regions. This article dissects the latest movements in the crypto ETP sphere, led by industry giants like 21Shares and Valour, reflecting their strategic initiatives and regulatory interactions in Europe, Kenya, and the United Kingdom. 21Shares, a leading crypto ETP provider based in Zurich, has recently intensified its call for regulatory clarity from the European Securities and Markets Authority (ESMA). The firm’s lobbying efforts focus on the inclusion of crypto assets in Undertakings for Collective Investment in Transferable Securities (UCITS) funds.…

The Mt. Gox trustee postponed the deadline to repay creditors by one year to October 31, 2025. The delay “could assuage near-term concerns around supply overhangs,” Coinbase analysts said. The trustee managing the assets of Mt. Gox postponed the deadline to distribute remaining assets to creditors by one year to October 31, 2025, according to a Thursday statement published on the Mt. Gox website. Mt. Gox, which was once the largest crypto exchange before it imploded due to a hack in 2014, started repaying nearly $9 billion of recovered assets to creditors this July after many years of delays. However,…

Fuse, a blockchain payment platform, has unveiled Charge, the first Web3 merchant bank offering a wide range of crypto and fiat payment solutions, as reported to Finbold on Wednesday, October 8. The new platform will support blockchain businesses and cover services from payments to invoicing. Charge — Fuse’s Web3 bank Targeting small- to medium-sized businesses and offering competitive transaction fees of just 0.5%, Charge enables transactions in various crypto and fiat currencies, eliminating obstacles in international trade. Unlike traditional banks, Charge allows clients to maintain full control over their assets at all times as a flexible solution in both Web3…

The most famous Satoshi Nakamoto wallet address is “1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa”, which is the address Satoshi used to receive the 50 BTC reward from mining the first block on the Bitcoin blockchain. This block is also known as the “genesis block”. The story of Bitcoin inventor Satoshi Nakamoto is one of the most fascinating mysteries of the last few decades. Even though Satoshi invented a technology that has had a big impact on the world and mined billions of dollars worth of Bitcoin, he has stayed completely anonymous and has left his riches untouched. The reason why we can tell that Satoshi…

According to a recent post by Milk Road, Aave, a leading decentralized finance (DeFi) protocol, has reported an impressive revenue surge of $500 million since the start of 2024. This achievement positions Aave as one of the top protocols in terms of revenue generated within the DeFi space. However, despite this success, the price of AAVE has been on a downward trajectory since mid-September. AAVE price has dropped 14% in two weeks According to CoinGecko data, AAVE price has dropped by over 14% over the past two weeks and by around 4% over the past month. Aave has posted a…

Seasoned traders and analysts are sounding the alarm for Ethereum, pointing to technical indicators and external pressures that could lead to major price movements in the coming days. Crypto analyst Ali has highlighted a crucial pattern in Ethereum’s price action related to the TD (Tom DeMark) setup. According to Ali, Ethereum’s behavior around the TD setup trendlines has historically been a reliable indicator of future price movements. “Each time Ethereum breaks above the TD setup resistance trendline, a strong bull run follows,” Ali notes. “But when ETH breaks below the TD setup support trendline, we’ve seen an average 53% correction.”…

China’s CBDC app has reached a significant milestone with 180 million personal wallets and a staggering transaction volume of ¥7.3 trillion yuan in pilot regions. China‘s ambitious push for a central bank digital currency is gaining momentum, with millions embracing the new solution and changing the way money moves. Changchun Mu, the director-general of the digital currency institute at the People’s Bank of China, wrote in a column for Chinese media giant SINA that as of July, China’s CBDC — also known as the digital renminbi or e-CNY — has registered 180 million personal wallets opened and a total transaction…