Author: NBTC

In an important sign of confidence, large Bitcoin (BTC) holders, often considered market movers, increased their holdings significantly in July. Major Bitcoin Holders Accumulated $5.4 Billion Worth of BTC in July Amid Market Volatility Data from blockchain analysis firm TradingView revealed that these holders, defined as addresses with at least 0.1% of BTC’s circulating supply, added over 84,000 BTC, equivalent to $5.4 billion at current market prices. This marks the largest single-month accumulation in BTC terms since October 2014. The buying spree took place amid significant two-way price volatility, with major holders taking advantage of the early July slump when…

Coinbase has confirmed plans to expand its wrapped Bitcoin token cbBTC to the Solana blockchain. This move follows the successful launch of cbBTC on Ethereum and Base networks just days prior. “Our users love Solana, and so do we. We’re very excited to announce that we will be bringing cbBTC to Solana,” Hassan Ahmed of Coinbase Singapore said in a statement during the Solana Breakpoint conference. Bitcoin 🤝 Solana Just in from Breakpoint: @Hassan_NY announced that @coinbase plans to bring cbBTC to Solana! pic.twitter.com/e1UdoUDgbY — Solana (@solana) September 21, 2024 Coinbase Wrapped BTC (cbBTC) is an ERC-20 token backed 1:1…

In the past seven days, Uniswap ($UNI) has emerged as the top Ethereum burner among decentralized finance (DeFi) projects, according to Phoenix, a crypto media outlet. During this particular time, Uniswap burnt an outstanding 1,166 Ethereum, proving its vital role in the Ethereum ecosystem. TOP #ETHEREUM BURNER #DEFI PROJECTS#Uniswap $UNI #1Inch #Metamask #0xProtocol $ZRX #GnosisChain #KyberSwap #Pendle #Aave $AAVE #Paraswap #Tokenlon $LON pic.twitter.com/nPrEervFEl — PHOENIX – Crypto News & Analytics (@pnxgrp) September 21, 2024 1Inch Commits to Ethereum Supply Reduction with 120.5 ETH Burn After Uniswap, 1Inch has now destroyed a total of 120.5 Ethereum. This program keeps emphasizing its…

Sept 19 (Reuters) – U.S.-listed crypto shares jumped before the open on Thursday after a half-percentage point interest rate cut sparked a flight into risky assets, adding to the momentum of an industry that has already secured some big wins this year. The move could revive interest in bitcoin , the most popular cryptocurrency, which often sways the entire sector as investors chase higher returns and dump safe-havens. The currency gained 4% and was last trading at $63,177 on Thursday. “There’s over $6 trillion in money market funds, soon yielding 50 bps less,” said Matt Mena, crypto research strategist at…

A federal judge has ordered William Koo Ichioka, to pay over $36 million in restitution and fines for his involvement in a fraudulent forex and digital asset scheme, according to an announcement by the Commodity Futures Trading Commission (CFTC). Ichioka is notorious for orchestrating a large-scale fraud, defrauding over 100 investors out of tens of millions of dollars through trading in cryptocurrencies, securities, and other investment vehicles. The order was issued on Sept. 19 by Judge Vince Chhabria of the U.S. District Court for the Northern District of California. Ichioka is required to pay $31 million in restitution to victims…

DZ Bank to give its 700 cooperative bank customers access to crypto. Rival lender Commerzbank earlier announced it would offer trading in cryptocurrencies to German corporate clients. Germany’s DZ Bank is giving its 700 cooperative bank customers access to cryptocurrencies in a tie up with Boerse Stuttgart Digital, the exchange said in a press release on Thursday. The country’s second largest bank will offer its cooperative bank clients cryptocurrency trading and custody services, enabling them to give their retail customers access to digital assets. The technical and operational set-up has already begin, the exchange said, and the first banks will…

SoonVerse recently announced a partnership with DeChat, a secure Web3 communications protocol. This news was shared on SoonVerse’s official X account. It highlights the potential benefits of this collaboration. 𝐏𝐀𝐑𝐓𝐍𝐄𝐑𝐒𝐇𝐈𝐏 𝐀𝐍𝐍𝐎𝐔𝐍𝐂𝐄𝐌𝐄𝐍𝐓 𝐰𝐢𝐭𝐡 𝐃𝐞𝐜𝐡𝐚𝐭@dechat_io is an open, secure web3 communications protocol that powers decentralized user interactions.💬𝐇𝐞𝐫𝐞’𝐬 𝐡𝐨𝐰 𝐃𝐞𝐂𝐡𝐚𝐭 𝐜𝐨𝐮𝐥𝐝 𝐛𝐞𝐧𝐞𝐟𝐢𝐭 𝐒𝐨𝐨𝐧𝐕𝐞𝐫𝐬𝐞:1️⃣Better Community… pic.twitter.com/6PtYJ5QpF1 — SoonVerse❤️AIGG (@soon_verse) September 19, 2024 SoonVerse Aims for Stronger Community with DeChat’s Secure Protocol DeChat makes it safe and personal to have a decentralized relationship with the users that are involved. It is something that might be useful for communities that wish to engage in interactions in…

After briefly nearing the critical level of $70,000 driven by the optimism stemming from the speech of the former United States President and current presidential hopeful Donald Trump, Bitcoin (BTC) has retraced into the area below $65,000, and artificial intelligence (AI) algorithms are bearish. As it happens, Bitcoin started to drop upon the news that the U.S. government had transferred nearly 30,000 BTC, worth about $2.02 billion at the time, from the cryptocurrency wallets related to the Department of Justice’s Silk Road seizures, as per Arkham Intelligence information. Interestingly, the move arrives after Trump reiterated he would be willing to…

Balancer has emerged as an Automated Market Maker (AMM) innovation, showing remarkable growth in the past year. A consistent increase in swaps on the exchange has solidified its role as a base layer for decentralized trading systems. Aura Finance, a DeFi protocol that allows you to boost your yield and governance power on Balancer, shared this groundbreaking news through its official X account. A trend we’ve seen is @Balancer becoming the base layer for AMM innovation.@GyroStable’s success has been a major contributor to this, with 11% of all Balancer volume flowing through Gyroscope’s highly efficient E-CLP pools.@CoWSwap’s CoW AMM protects…

In a recent interaction on X, David Schwartz, the Ripple CTO and one of the key architects behind XRPL, addressed a key misconception about XRP Ledger. An X user “Anders” inquired about Schwartz’s thoughts on XRPL being described as “permissioned,” “semi-permissioned” or “trusted” in various documents from different organizations. Schwartz responded saying, “I think it’s nonsense. A lot of things about blockchains really matter, but how specifically they happen to solve the double-spend problem is pretty much irrelevant. What possible effect does it have?” I think it’s nonsense. A lot of things about blockchains really matter, but how specifically they…