Author: NBTC
Quick Take On March 21, Bitcoin ETFs experienced decreased outflows of $93.9 million compared to earlier in the week, corresponding to 1,433.6 BTC. BitMEX data highlights outflows extending over four consecutive days, an event that has occurred for the second time since the ETF’s launch on Jan. 11. The Grayscale Bitcoin Trust (GBTC) reported an outflow of $358.8 million (5,480.5 BTC), which, while still considerable, is a further decrease in falling outflows. There has been a gradual decrease in the volume of outflows since March 18. To date, GBTC’s cumulative outflows have reached $13,630.6 billion (267,449.3 BTC), according to BitMEX…
Recently, artificial intelligence (AI) tokens have been in the focus of investors’ attention and there have been good increases. While the fact that Nvidia, the world’s number one artificial intelligence chip manufacturer, will hold a conference on March 18-21 was effective in the rise of artificial intelligence-themed altcoins, a new report came from CoinGecko. Which Countries Are Most Interested in Artificial Intelligence Themed Altcoins? According to CoinGecko’s report, among the countries most interested in artificial intelligence-themed cryptocurrencies in 2024 was the USA with a rate of 18.9%, followed by the UK (9.1%) and Turkey (6.5%). Other countries were seen to…
Ec³, a decentralized physical infrastructure network (DePIN) for green energy storage, has joined officially the peaq ecosystem. It represents a new type of sustainability, as the use of solar power is incentivized and participants are rewarded with token rewards. Ec³ draws strength from the growing trend of the world carbon offsets market. It is expected to reach over $1.6 trillion by 2028. However, it focuses on a gentle approach from the industry to the environment. Welcome to the peaqosystem, @Ec3_DeEnergy ⚡️Ec³ is an energy #DePIN enabling people and businesses to earn rewards for using solar power 🌤️🔋Set to launch their…
One of my key questions about the next era in crypto and blockchain is this: How will all the capital likely be deployed into digital assets and cryptocurrencies as they become better regulated? More than 90% of the world’s financial and business assets are considered “on-shore” – that is, they are owned and managed by entities and people residing in the countries where they are bought and sold. Today, most crypto-assets are bought and sold off-shore (I estimate about 80% based on data from CoinGecko). However, as more regulated opportunities open up, new capital will flow into these digital asset…
Ronin, a gaming-centric Ethereum scaling network, continued its recent ascent early Wednesday, setting a new all-time high price to beat its previous record from 2022. The RON token spiked to $4.45 early Monday, though it has since cooled slightly to $4.31 as of this writing, per data from CoinGecko. It’s still up 12% on the day, and the latest surge has pushed its seven-day gains to a whopping 53% following a weekend pump. The previous all-time high Ronin price was $4.29, set in January 2022—before flagship game Axie Infinity lost traction and the network dealt with a $622 million exploit…
In a bold move set to shake the gaming industry, Ordz Games has unveiled BitBoy, a retro gaming device reminiscent of the iconic Game Boy, but with a revolutionary twist – players can earn Bitcoin while indulging in nostalgic gameplay on a blockchain network.—The Hong Kong-based company shared details about the upcoming launch of the first-ever Gamefi + DEPIN Device (with DEPIN signifying a decentralized physical infrastructure network) sometime this year. The highly anticipated BitBoy One will make its debut at the Hong Kong Web3 Gaming Expo this weekend, followed by an exclusive launch event at Paris Blockchain Week. Eager…
The Bitcoin Company has unveiled its new Remittances API, allowing individuals and financial institutions to send instant payments to any bank account in Mexico and Brazil in under 1 second, according to a press release sent to Bitcoin Magazine. This API marks the company’s expansion into international remittances, with plans to extend services to the USA, Canada, Europe, Asia, and Africa soon. We’re excited to launch our new Remittances API powering instant, cross-border payments for any app 🚀One easy integration to send Mexican Pesos 🇲🇽 or Brazilian Real 🇧🇷 to local bank accounts in under 1 second⚡More currencies & countries…
Meme coin traders are flocking to a derogatory cryptocurrency that attacks Elizabeth Warren, the Massachusetts senator and prominent crypto critic. Meanwhile, cryptocurrency exchange Coinbase is running awkwardly in the other direction. The trading giant on Wednesday nixed a webpage that for a short while promoted “how to buy elizabeth whoren in United States.” Links to the seemingly auto-generated webpage instead reverted to a more generic hub for buying crypto in general. Coinbase did not immediately comment. While Coinbase lets U.S. traders buy hundreds of different cryptocurrencies, WHOREN is not one of them. It’s one of the thousands of so-called “meme…
In a groundbreaking move for the horse racing industry, The Winners Circle, a fan loyalty platform introduced by the prestigious Racing League, is revolutionizing the way fans engage with the sport through its new feature called “Skill2Earn.” Enabled by a partnership with the blockchain platform Zilliqa, The Winners Circle aims to incentivize fan engagement and reward members based on their racing expertise. Historically, horse racing fans have had limited avenues to interact with the sport beyond traditional betting on race outcomes. Recognizing the growing demand for innovative and gamified interactions, such as fantasy sports platforms, prediction games, and loyalty programs,…
Bitcoin declined over 5% on March 22 as spot ETFs recorded negative numbers for the fourth consecutive day, mainly due to Grayscale GBTC exits. According to SoSo Value, 10 spot Bitcoin (BTC) ETFs marked $93.8 million in cumulative single-day outflow during trading on March 21. Grayscale’s GBTC accounted for most of the BTC ETF share liquidation, amounting to $358 million. Bloomberg’s James Seyffart verified that Grayscale’s BTC ETF has lost nearly half of its shares to sell orders following the approval of spot BTC ETFs on Jan. 11. Seyffart concurred with fellow analyst Eric Balchunas that some of GBTC’s liquidation…