Author: NBTC

Another day, another twist regarding Shiba Inu (SHIB), a popular meme-inspired cryptocurrency. This time, behind the Shiba Inu on-chain backstage, an increase in whale activity has been seen. In particular, large transactions involving the meme token have seen an increase, with IntoTheBlock reporting that over 1.62 trillion SHIB have been moved by whales in the past 24 hours. In monetary terms, this represents an increase from $14.94 million to $22.21 million. Over the past day, there have been 58 such transactions of at least $100,000. Taking into account the volume moved, we can say that the average size of such…

Layer-1 blockchain MANTRA and United Arab Emirates-based tokenization platform Libre Capital aim to drive further adoption of tokenized real-world assets On Nov. 4, MANTRA (OM) and Libre Capital announced a partnership leveraging their combined strengths to offer on-chain funds to MANTRA’s institutional or accredited users. MANTRA stated that the collaboration would use its purpose-built RWA blockchain along with Libre’s tokenization and issuance capabilities. Together, they aim to provide on-chain access to investment opportunities in hedge funds, money market funds, and private credit funds. According to details in the announcement, a new integration is what will help eligible institutional investors access…

According to recent on-chain data, corporate Bitcoin holder MicroStrategy moved 1,652 Bitcoin, worth about $114.38 million, to a new wallet. This transfer, reported by Lookonchain, occurred hours ago and has garnered significant attention from the crypto community. MicroStrategy, known for its large Bitcoin holdings, continues to make strategic moves to manage its digital assets. According to Lookonchain, the MicroStrategy wallet transferred 1,652 BTC worth $114.38 million to a new wallet hours back. The #MicroStrategy wallet transferred 1,652 $BTC($114.38M) to a new wallet 6 hours ago.#MicroStrategy currently holds 252,220 $BTC($17.56B), with an average buying price of $39,266 and an unrealized profit…

WazirX held its first creditor meeting on October 15 as part of its restructuring efforts after the July hack. Only four out of ten Committee of Creditor (COC) members attended, raising concerns about representation. During the meeting, the company, alongside financial advisors from Kroll, touched upon the restructuring process and plans to address the asset shortfall and potential profit-sharing. WazirX has noted the absence of 6 COC members Crypto exchange WazirX announced that it had concluded its first creditor meeting on October 15. The meeting touched upon the restructuring process after the July security breach, but only four creditors attended.…

Shiba Inu team member Lucie has offered an important clarification on SHIB supply reduction. The Shiba Inu team member was responding to an X user who asked that Shiba Inu developers take action regarding the SHIB supply. According to Lucie, Shiba Inu developers cannot change the SHIB supply because Ryoshi burned the keys, meaning no one has control over it. Ryoshi is the pseudonymous creator of Shiba Inu who vanished from social media in May 2022 much like Bitcoin creator Satoshi Nakamoto. Lucie highlighted what needs to be done to reduce SHIB supply: “To reduce the supply, SHIB needs to…

In a thrilling development in the Web3 and blockchain sectors, Manta Network has recently announced a strategic collaboration. As per Manta Network, it has joined forces with Aethir to revolutionize the dApps within its ecosystem. The platform discussed this significant development on Medium. @MantaNetwork 🤝 @AethirCloudWith this partnership, dApps on #MantaPacific can now access @AethirCloud’s decentralized, high-performance GPUs at competitive rates—enabling scalable, low-latency computing, especially for AI and gaming projects. pic.twitter.com/VtiaAFgAJF — Manta Network (🔱,🔱) Meme-ta Szn (@MantaNetwork) November 4, 2024 Manta Network’s Partnership with Aethir Facilitates DApps with Efficient GPU Access Manta Network pointed out that the collaboration with…

Bitcoin’s (BTC) recent price action has raised red flags for investors as it briefly surpassed the critical $70,000 resistance level, only to retreat shortly after. This aligns with a classic “bull-trap” pattern, a situation where buyers are lured into what appears to be a breakout, only to face a sharp reversal. The current price movement suggests that this might indeed be the case, casting doubt on the likelihood of Bitcoin reaching the $100,000 target in the near term. The $70,000 resistance and bearish indicators In a recent TradingView post on November 2, analyst Alan Santana highlighted the psychological and technical…

Many people have stumbled upon unexpected wealth thanks to cryptocurrencies. You don’t have to be an expert to see that Bitcoin’s price is sky-high compared to when it first started. Back around 12-15 years ago, you could buy thousands of Bitcoins for almost nothing. It’s believed that the biggest gains were made by those who believed in digital currencies at the very beginning. But fast forward to today, and new coins are still popping up, offering fresh opportunities to make a fortune. Recent reports show that the number of crypto millionaires is on the rise, proving that people are still…

In a move that has captured attention in the crypto market, a whopping 20 million XRP has been moved within the last 24 hours from one of South Korea’s leading crypto exchanges, Upbit. According to the blockchain data tracker Whale Alert, 20,000,000 XRP, valued at approximately $11,733,269, was transferred from Upbit to an unknown wallet. This substantial transfer has ignited speculation about the possible motivations and plans of the whale behind this acquisition. 🚨 20,000,000 #XRP (11,733,269 USD) transferred from #Upbit to unknown wallethttps://t.co/GSOIZewqvv — Whale Alert (@whale_alert) September 15, 2024 Large transfers from exchanges to wallets are often seen…

In an important development to facilitate the Web3 consumers Laika AI has commenced a collaboration with Orbofi. The partnership aims at simplifying access to resilient AI-driven analytics and tools to empower consumers within the Web3 sector. The platform took to its official social media account to announce this collaboration. Laika AI Provides Cutting-Edge AI Compatibilities to Web3 Users in Partnership with Orbofi Laika AI mentioned that its partnership with Orbofi permits developers and users to develop customized AI agents. This bridges the gap between the AI companions and users via decentralization. As a part of this collaboration, Orbofi and Laika…