Author: NBTC

According to the latest information, Three Arrows liquidators are demanding $1.3 billion for the 2022 Terra (LUNA) collapse. Liquidators of the bankrupt cryptocurrency hedge fund Three Arrows Capital are seeking at least $1.3 billion from TerraForm Labs, the defunct digital asset company founded by Do Kwon. This demand stems from losses incurred by Three Arrows following the 2022 crash of the TerraUSD and Luna tokens, both associated with TerraForm Labs. According to court filings, TerraForm Labs allegedly encouraged Three Arrows to invest in Luna and TerraUSD by manipulating the market for these tokens. This manipulation reportedly “artificially inflated the price…

Bitcoin is trading nearly 15% higher on the monthly chart and is nearing the $70,000 zone. Lummis plans for a U.S. Bitcoin reserve, while Trump seeks to make the U.S. a crypto powerhouse with a national BTC stockpile. After Bitcoin’s month-long consolidation, this week turned positive for the global cryptocurrency market with a series of pivotal events and announcements. Bitcoin has shown a strong bounce, trading nearly 15% higher on the monthly chart and nearing the $70,000 zone. This upward movement follows the Bitcoin conference over the weekend, which concluded with major announcements that led to a positive impact on…

Recent data reveals significant activity in Bitcoin ETFs, with ten major funds experiencing a net inflow of 1,017 BTC, valued at approximately $64.31 million. Among the prominent contributors, Fidelity Wise Origin Bitcoin Fund stands out with an inflow of 415 BTC, equivalent to $26.26 million. Fidelity currently holds 177,067 BTC, valued at $11.2 billion, showcasing its strong position in the market. Sept 23 Update:10 #Bitcoin ETFsNetFlow: +1,017 $BTC(+$64.31M)🟢#Fidelity inflows 415 $BTC($26.26) and currently holds 177,067 $BTC($11.2B).9 #Ethereum ETFsNetFlow: -146 $ETH(-$385K)🔴#Grayscale(ETHE) outflows 117 $ETH($310.5K) and currently holds 1,717,725 $ETH($4.55B).… pic.twitter.com/OX64QkLNVZ — Lookonchain (@lookonchain) September 23, 2024 According to Lookonchain, The iShares…

Cryptocurrency exchange Binance has released a statement informing its users in Turkey about the changes to the language options. The statement announced that the Turkish language option will be removed as part of Binance’s efforts to comply with legal regulations in Turkey. Binance included the following information in its statement: “As Binance, we continue our legal compliance efforts in line with our goal of providing a safe and reliable ecosystem for our users both in Turkey and globally. In this context, within the framework of the law adopted by the Turkish Grand National Assembly on July 02, 2024, in order…

Robert Kiyosaki, a prominent investor and entrepreneur, author of the classic book on finance management called “Rich Dad Poor Dad” and a Bitcoin supporter, has taken to his account on the X platform (widely famous as Twitter in the past) to engage his followers in a talk about money and Bitcoin. Big reason for saving Bitcoin from Kiyosaki The subject of Robert Kiyosaki’s tweet is money. He called it an interesting subject since everyone in the world uses it constantly. Going back into his own history, the financial guru said that he began making his own coins when he was…

The latest data on top NFT collections by weekly sales volume reveals significant shifts in the market, with notable increases across various projects. NodeMonkes emerged as the leading collection, showcasing a substantial sales growth of over 186%, highlighting the evolving interest and trading activity in the NFT space. TOP #NFT COLLECTIONS BY WEEKLY SALES VOLUME #NodeMonkes #GuildofGuardians #CryptoPunks #Dogezuki #Autoglyphs #Sorare #BitcoinPuppets #MadLads #OrdinalMaxiBiz #SolanaMonkeyBusiness #BoredApeYachtClub #QuantumCats pic.twitter.com/gpwRK1kCqY — PHOENIX – Crypto News & Analytics (@pnxgrp) September 26, 2024 NodeMonkes topped the chart with $3.75 million in sales, marking a remarkable 186.72% increase from the previous week. This surge demonstrates…

For many, it will be a shocking thing to know what House of Chimera’s latest post reveals. The post states that the Bitcoin-backed MicroStrategy has outperformed the top S&P 500 stocks. Let’s do a comparative analysis to understand the scenario better. Bitcoin-Driven MicroStrategy Outperforms Major S&P 500 Stocks🔹 MicroStrategy’s 1,071% growth driven by its Bitcoin strategy surpasses leading S&P 500 companies like Nvidia (939%) and Arista Networks (591%). 🔸 This illustrates the outsized returns possible through Bitcoin… — House of Chimera (@HouseofChimera) September 24, 2024 MicroStrategy & Top S&P 500 Stocks: A Comparative Analysis Apple Inc, Microsoft Corp, NVIDIA Corp…

PayPal now supports cryptocurrency for US business account holders. According to an announcement by the fintech giant, the new services enable merchants to directly buy, hold, and sell digital assets through their PayPal business accounts. However, this new functionality will not be available to businesses in New York at launch. PayPal’s decision to open cryptocurrency tools to businesses is in response to rising demand. Additionally, the new addition allows US business account holders to transfer crypto on-chain to third-party wallets. This functionality allows merchants to send and receive cryptocurrency to and from external blockchain addresses, enhancing the ability to manage…

Bitcoin has surged to nearly $70,000, its highest level since mid-June, standing at just over $69,500 at press time. According to crypto analysis firm IntoTheBlock, almost all Bitcoin holders are now in profit. If the minimal on-chain resistance and balanced market sentiment continue in the coming weeks, conditions look favorable for more growth, the company said. The bullish trend has also driven gains across the market. CryptoSlate data showed major digital assets like Ethereum, Solana, and Binance-backed BNB have all increased by over 4% in the past 24 hours. What drove the Bitcoin price up? While Bitcoin’s price remained stable…

Funding rounds are slower, but Paradigm and a16z continue to expand their influence among crypto projects. The two funds are on track to close $1B in deals in the year to date. VC funding is still shaping the crypto landscape, with the biggest influence coming from Paradigm and Andreessen Horowitz, also known as a16z. The funds not only bring new projects to maturation, but can influence some of the existing ones through voting. Investments do not equal endorsement, yet the two funds also participate in a long list of relatively small projects. VC backing brings faster development to projects, but…