Author: NBTC
Bank of America has reported record-breaking inflows into both U.S. stocks and cryptocurrencies. Spearheaded by Chief Investment Strategist Michael Hartnett, the analysis reported a staggering $56.1 billion surge into U.S. stock funds. This is the largest single-week influx ever recorded. Additionally, cryptocurrencies experienced a significant milestone with $3.4 billion in inflows. Spot Bitcoin ETFs attract major players The cryptocurrency landscape is witnessing renewed institutional interest, with Bank of America’s Merrill Lynch and Wells Fargo offering spot bitcoin exchange-traded funds (ETFs) to their clients. This shows the growing acceptance of digital assets among traditional financial institutions. Since the Securities and Exchange…
According to a press release, the Personal Information Protection Commission (PIPC) has started investigating Worldcoin’s operations in South Korea. The exercise follows complaints over collecting and processing personal information by Worldcoin and other similar projects. Notably, the press release confirmed that Worldcoin affiliates collected facial and iris recognition information at about 10 locations in Korea. Hence, the PIPC plans to investigate the process thoroughly. According to reports, the committee will analyze the collection and processing of sensitive information. During the investigation, the PIPC will scrutinize the overseas transfer of personal information under the Personal Information Protection Act. The committee also…
Crypto.com announced that it will support the token swap for Stratis – STRAX. Therefore, deposits and withdrawals of the token will be disabled effective March 20, 2024. It will happen on the Crypto.com app and exchange platform at different times. Functionalities will be disabled on the app at 1:00 UTC and on exchange at 2:00 UTC. Trading will be paused until further announcements from the official channels of Crypto.com. Notably, the swap to a new token will happen at a later date. Holders will allocate the new token in a 1:10 ratio. Deposits and withdrawals will resume on the StratisEVM…
On March 1, 2024, an infamous and vast bitcoin mega whale moved 2,000 vintage bitcoins from 2010 and now, four days later, on March 5—the day bitcoin hit its peak value of $69,210 per coin—the same entity transferred another 1,000 bitcoins from 2010. 2010 Bitcoin Whale Moves Millions as Prices Peak This prominent whale, known for its substantial bitcoin transactions since first being identified by Bitcoin.com News in March 2020, has executed yet another series of transfers involving 1,000 BTC, valued at approximately $63.29 million, according to current exchange rates. Originally mined during the months of August, September, October, and…
Ethereum (ETH) has completed a major software upgrade, Dencun, that promises to make utilizing the network ecosystem more cost-effective. This update specifically targets Layer 2 (L2) networks, such as Arbitrum (ARB), Polygon (MATIC), and Coinbase’s Base, which are interconnected with Ethereum. With Dencun, transaction costs on these networks have significantly decreased, with fees dropping from dollars to cents or even fractions of a cent. Ethereum Dencun Upgrade And Cost Savings Considered the most significant change in Ethereum’s end-user experience, the Dencun upgrade is expected to foster the development of new applications and services by significantly reducing expenses. As NewsBTC reported…
MicroStrategy, the Virginia-based enterprise software company, has eclipsed e-commerce giant Amazon in trading volume. According to Bloomberg senior ETF analyst Eric Balchunas, MicroStrategy’s trading volume soared to $8 billion, outpacing Amazon for the first time in its history. This surge is attributed to the broader enthusiasm in the equitized Bitcoin complex, which now sees over $20 billion in daily trading volume. MicroStrategy’s latest offering Earlier today, MicroStrategy announced the pricing of its offering of $525 million in 0.875% convertible senior notes due 2031, an increase from the initially planned $500 million. This strategic financial maneuver is part of the company’s…
Justin Sun, founder of the Tron blockchain and owner of major cryptocurrency exchanges Poloniex and Huobi, has taken to the X social media platform to engage with the Tron community regarding innovations that may potentially be added for use with TRX and HTX cryptocurrencies. He hinted that in the future one or several innovative solutions that are gaining popularity right now may be integrated for the tokens he represents. “What’s next for TRX and HTX?” Justin Sun engaged in a discussion with his followers, among whom are many long-term TRX and HTX users and holders, as to whether the future…
February 2024 proved to be another successful month for Robinhood Markets, Inc. (NASDAQ: HOOD), as the company reported growth in key areas such as funded customers, assets under custody (AUC), and trading volumes. Cryptocurrency volumes increased by 86% compared to last year, and the amount of deposited funds grew by 60%. According to the report, Robinhood’s funded customers reached 23.6 million at the end of February, representing an increase of approximately 130,000 from January 2024. The platform’s AUC also saw significant growth, reaching $118.7 billion, a 16% increase from the previous month and 59% from the previous year, when AUC…
Trading volumes for the US spot bitcoin ETFs reached a new daily high just hours after BTC hit a record price of about $69,000. The 10-fund segment’s volumes totaled roughly $9.5 billion on Tuesday, according to Yahoo Finance data — eclipsing the previous record of about $7.6 billion set on Feb. 28. BlackRock’s iShares Bitcoin Trust (IBIT) led the way on volumes once again, with $3.7 billion worth of the fund’s shares trading on the day. Read more: Is it too soon to name BlackRock the bitcoin ETF segment winner? Volumes for the Grayscale Bitcoin Trust ETF (GBTC) and the…
ITEM Systems has announced plans to install a new non-fungible item bronze plaque at a mural located in Santos, Brazil. The associated mural was installed to celebrate the 150th anniversary of the first wave of Italian immigrants to the region, many of whom came from Genoa, Italy. Similar to those installed at DENVER WALLS, the NFI plaque will offer tap-and-scan functionality for mural visitors to learn more about the artwork, its artists, and the piece’s cultural significance to the region. Entitled A Sea of Hope, the mural is part of local municipal efforts to revitalize the Valongo neighborhood in the…