Author: NBTC

After less than a year of trading for its Bitcoin ETF, Wall Street titan BlackRock has seen its Bitcoin holdings increase to nearly $23.7 billion. The milestone comes after the $9 trillion asset manager recently acquired another $35 million worth of Bitcoin and $6.4 million of Ethereum earlier this week. With the latest acquisition, the asset manager’s Ethereum reserves now stand at 350,000 ETH, worth around $989 million, according to data from blockchain analytics firm Arkham Intelligence. BlackRock’s BTC holdings are managed primarily through its iShares Bitcoin Trust (IBIT), which allows institutional investors direct exposure to Bitcoin. BlackRock’s holdings now…

Bitcoin (BTC) has been on the rise since the Fed cut its first interest rate by 50 basis points last week, climbing above $65,000 yesterday. While analysts expect Bitcoin to continue to rise with the start of October, generally known as the month of rise, data on Personal Consumption Expenditures (PCE), which the FED closely follows when making interest rate decisions and is considered a leading inflation indicator, has been announced. Accordingly, personal consumption expenditures data for August were as follows: Core Personal Consumption Expenditure Price Index (YoY) Announced 2.7% – Expected 2.7% – Previous 2.6% Core Personal Consumption Expenses…

Blockchain data tracker Whale Alert reported a large Solana transfer made to major crypto exchange Binance. In a tweet, Whale Alert reports that “154,912 SOL worth $23,928,285 was transferred from unknown wallet to Binance” with this action taking place some hours back. 🚨 154,912 #SOL (23,928,285 USD) transferred from unknown wallet to #Binancehttps://t.co/xSvB9zu1LP — Whale Alert (@whale_alert) August 10, 2024 Whales, or large cryptocurrency holders, often move assets to exchanges when they intend to sell or trade them. Thus, this substantial transfer has prompted attention as it coincides with a Solana price drop. At the time of writing, Solana’s price…

Premier League crypto partner Sorare has been accused of unlicensed gambling by the UK’s Gambling Commission. The commission said today, “Sorare is charged with providing facilities for gambling without holding an operating license,” contrary to the Gambling Act 2005. A court hearing is scheduled for October 4. However, Sorare, a fantasy league football game that utilizes the Ethereum blockchain to allow players to trade football cards, disputes this allegation and says that the law has been wrongly applied. It told the Guardian, “The commission has misunderstood our business and wrongly determined that gambling laws apply to Sorare.” “We are aware…

Morpher, a leading trading platform, has announced the integration of its oracle services with the Radix Network. The platform will provide low-latency, real-time data feeds for a variety of markets, including stocks, cryptocurrencies, and forex. This move aims to solve issues faced by traditional oracles, such as limited data, delayed updates, and single points of failure. Exciting news for Radix builders! 🥳@morpher_io will provide real-time, low-latency data feeds for stocks, crypto, forex, and more—right on Radix!Learn more about Morpher Oracle ⤵️https://t.co/FP14uoP39U pic.twitter.com/vDvgkCtAtF — Radix – Radically Different DeFi (@radixdlt) September 27, 2024 The Morpher Oracle employs a pull-based on-chain attestation…

Bitcoin’s price has been positively correlated with the size of the People’s Bank of China’s (PBOC) balance sheet over the past eight years. The PBOC is considering a massive stimulus of up to 1 trillion yuan ($142 billion) to bolster its economy, leading to a surge in Asian stock markets, including a notable rise in the CSI 300 Index. Some say this stimulus could indirectly benefit bitcoin by potentially increasing investments in blockchain and crypto-related ventures. Bitcoin (BTC) prices seem to have tracked the growth in the Chinese central bank’s balance sheet over the past eight years, maintaining a notable…

Deltec Bank and Trust has reportedly sold its lines of business to Britannia Bank and Trust; both banks have served Tether and operate in the Bahamas. According to the Nassau Guardian’s interview with Britannia’s chairman Julian Francis, it is not acquiring Deltec, just Deltec Bank’s business lines. Deltec Bank CEO Odetta Morton repeatedly noted that she believes this “will result in an optimal path for continuing to deliver best-in-class service, technology, and access to global markets.” Read more: Executive texts claim Deltec moved customer funds from FTX to Alameda At one point, Deltec Bank was one of the most important…

Shiba Inu (SHIB), a dog-themed meme coin, has employed its internal deflationary regulation mechanism, burn. In the past 24 hours, the burn rate has soared to an astronomical 4,411.52% with millions of tokens burned. SHIB’s burn rate and price reaction A total of 1,110,602 tokens were sent to dead wallets, according to Shibburn in its update on X. According to Shibburn’s hourly rate update, the precise total tokens that have been incinerated in the last seven days stands at 114,618,006. HOURLY SHIB UPDATE$SHIB Price: $0.00001406 (1hr 0.46% ▲ | 24hr -0.56% ▼ )Market Cap: $8,282,358,653 (-0.57% ▼)TOKENS BURNTPast 24Hrs: 1,110,602…

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued a stern warning to the cryptocurrency industry, saying its future depends on stronger investor protections. Speaking in an interview on CNBC’s Squawk Box today, Gensler reiterated his long-standing call for greater transparency and regulation in the crypto market. Gensler noted that there are numerous market disruptions plaguing the industry, pointing to the collapse of major crypto companies in 2022. Among the casualties were high-profile names like crypto exchange FTX, run by now-convicted CEO Sam Bankman-Fried, as well as hedge fund Three Arrows Capital and lenders Celsius and Genesis. Bankman-Fried…

In a significant development for the Web3 world, Coin98 is carrying out an exclusive integration. As per Coin98, the company is integrating Zircuit Mainnet Phase 1 in the platforms thereof, taking into account Coin98 Extension and Coin98 Super Wallet. The firm provided the details of this endeavor in its recent blog post. Coin98 Super Wallet now integrates @ZircuitL2, an EVM-compatible zero-knowledge rollup powering the limitless potential of web3.Update #Coin98 Super Wallet and explore Zircuit today! 👉 https://t.co/ZqQsRDmCC8 pic.twitter.com/IoBD4KBx9L — Coin98 Super Wallet (@coin98_wallet) September 27, 2024 Coin98’s New Integration of Zircuit Leads to an Enhanced Consumer Experience Coin98 took to…