Author: NBTC

An interesting situation happend today in the world of cryptocurrency market statistics. Lookonchain reported a huge outflow from Bitcoin ETFs, saying that in the last 24 hours, 26,823 BTC, equivalent to more than $1.7 billion, have flowed out of nine investment products. According to the report, despite inflows of 1,138 BTC into BlackRock’s IBIT Bitcoin ETF, 27,753 BTC flowed out of Grayscale Bitcoin Trust, making it look like such a huge outflow. It really was. However, the fact is that almost all of Grayscale’s BTCs have not just flowed somewhere, but into the new Grayscale Bitcoin Mini Trust. As a…

Trump-based memecoins have sharply declined from its recent highs. Kamala Harris has a 10% lead over Donald Trump’s odds in a new poll. Trump-themed memecoins have sharply declined following new poll results for the 2024 U.S. presidential race. The polls show Democratic nominee Kamala Harris leading Republican nominee Donald Trump by 10%, with her chances at 54% and his falling from 72% to 44%. Formerly, Trump had 64 percent of the vote against Harris’ 29 percent. On July 31, another poll gave the Republican nominee a smaller majority of 56% of the vote against the Vice President’s 45 percent. Vice…

I was asked repeatedly throughout this year’s Bitcoin 2024 conference what my highlight of the moment was — what the signal was amongst the noise. As I returned from Nashville, it occurred to me that, each time, I could never answer the question satisfyingly. In part, because I simply couldn’t keep up. The activity around the news desk and my support for those running the show left me with little time to focus on anything else. I can’t say I regret it. Anyone who gravitated around our livestream studio space during the week can attest to the energy surrounding it.…

Major token unlockings are scheduled for the upcoming week with $213 million in digital assets set to hit the market. This news has sparked concern among investors in these cryptocurrencies, as token unlocking events are often linked to selling pressure. Notably, the biggest ecosystem to release tokens in the market is Avalanche (AVAX), a layer one blockchain that seeks to dethrone Ethereum. In a post on social media platform X (formerly Twitter), Token Unlocks confirmed that along with AVAX, other ecosystems to release coins into the market include Pixels (PIXEL), Space ID (ID), 1Inch (1INCH), Galaxy (GAL), Acala Token (ACA),…

According to Bitcoin Magazine Pro data, holding Bitcoin has been profitable for 98.5% of its existence. The data reveals that out of the last 5,096 days since Bitcoin trading began, holding BTC has been profitable for 5,020 days relative to the current price of ~$66,500 per BTC. Since August 17, 2010, when Bitcoin was priced at just $0.07, its value has skyrocketed to around $66,500, representing an astounding increase of 94,999,900%. This consistent upward trajectory highlights Bitcoin’s sustained growth and increasing adoption over time. The chart from Bitcoin Magazine Pro underscores the aggressive growth of Bitcoin’s adoption curve, driven by…

Tron Network has made an important pivot into the meme coin scene, and thus far, its performance has been good. According to data insights from crypto analytics firm Lookonchain, some traders are already making a lot of money trading Tron-based meme coins. Tron meme coin growth push Based on Tron Scan trades, some traders have made 100x gains trading these memes on the protocol. Trader “TEP7…T1da” spent 5,000 TRX worth $650 to buy 6.87 million SUNDOG earlier. After about seven hours, the trader sold 4.57 million of these tokens for 522,840TRX, a sum that is equivalent to $68,000. This single…

Famous political speaker Tucker Carlson has a lot of respect for Bitcoin, and is apparently very confident about the identity of its creator. During a private event on Friday held at Bitcoin 2024, the former Fox News host spoke at length about why crypto is the world’s best tool for enabling financial sovereignty—even though it was invented by the Central Intelligence Agency (CIA). “Obviously it was the CIA, we all know that,” said Carlson with a laugh. “It’s like Signal, they got there first. It’s a honeytrap!” According to Carlson, crypto enthusiasts are highly intellectual and can seemingly answer any…

The past seven days have witnessed significant NFT transactions, with CryptoPunks leading the market. A sale of CryptoPunk #1219 for $308.09k topped the charts, setting the pace for the week. Several other CryptoPunks also made headlines, reflecting the continued dominance of this collection in the NFT world. A crypto media platform shared the states, highlighting the growing dominance of the NFT marketplace in the crypto space. TOP #NFT SALES IN THE LAST 7D Among largest sales in the last 7D are: #BondBear#CryptoPunksLargest Sale: CryptoPunk #1219 – $308.09k pic.twitter.com/twsyt1NCCw — PHOENIX – Crypto News & Analytics (@pnxgrp) September 22, 2024 Record…

The latest State of NEAR Q2 2024 report by Messari confirms significant progress for Near Protocol in various segments. NEAR’s stablecoin ecosystem grew substantially in Q2 2024, up 165% QoQ and 717% in six months to $567 million. Moreover, Q2 saw Frax team plans to introduce a Near-based stablecoin frxNEAR amid plans to improve decentralized AI and programmable money. Key insights: Daily active addresses up 51% to 1.9 million. Near’s stablecoin market capitalization soared to $567 million. Consistent developer activity Significant investment in artificial intelligence 💰Frax Finance $FXS partners with $NEAR Protocol to enhance decentralized AI and programmable money.🪙Launching frxNEAR…

Riccardo “Fluffypony” Spagni, a former Monero developer, has launched a new mining app called Tari Universe. The app aims to make mining accessible to everyone using a user-friendly interface. However, Spagni faces legal troubles related to fraud and forgery charges. Despite the alleged crimes occurring over a decade ago, South African authorities only took action in 2021. Democratizing Crypto Mining Riccardo “Fluffypony” Spagni, a former lead maintainer of the privacy blockchain Monero, has launched a new mining application called Tari Universe. The app aims to “democratize” cryptocurrency mining by using an ASIC-resistant hashing algorithm that allows users to mine tokens…