Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

US Government moves $20M in crypto after 8 months of inactivity

AltcoinsDec 2

The US government has moved over $20 million in funds, according to reports from Arkham Intelligence. ~$20M IN US GOVERNMENT ASSETS MOVED TO NEW ADDRESS pic.twitter.com/MXgi9mderO — Arkham (@ArkhamIntel) October 24, 2024 The wallet, labeled as a US government-controlled address containing Bitfinex’s seized funds, showed activity for the first time in over eight months. Looking at the transactions through Arkham Intelligence’s platform, the US government-linked wallet first withdrew $5.45 million in USDC from Aave. Shortly after, another transaction pulled $1.12 million in USDT from the platform. Within minutes, approximately $20 million in total assets were moved to a new address,…

Bitcoin (BTC) Approaching $70,000! Will the Rise Continue? Analyst Evaluates!

BitcoinDec 2

Bitcoin, which has been continuing its horizontal movements at the $ 60,000 level for a long time, has reached the $ 70,000 mark again while continuing the upward trend it has started for a week. At this point, Bitcoin rose by 2.7% in the last 24 hours and 9.7% in the last 7 days, reaching over $68,000. Recalling that there has recently been a correlation between Donald Trump's chances of winning the US presidential elections and the Bitcoin uptrend, analysts state that the recent rise in Bitcoin is linked to the increase in Trump's chances of winning the elections. At…

IMF Influence on Ripple Grows as XRP Faces Price Predictions and Legal Hurdles

AltcoinsDec 2

The IMF is playing a larger role in shaping Ripple’s impact on global finance. XRP’s price is driven by speculation and constant legal matters. Ripple’s partnerships are helping expand digital currency use in new regions. The International Monetary Fund continues to influence the cryptocurrency market and is attracting attention from investors and enthusiasts. Recent discussions suggest the IMF may have set a higher price for XRP, far beyond its current market value. Ripple’s key partnerships and ongoing developments keep XRP in the spotlight as these claims fuel speculation. The $XRP price has been already set by the IMF and it's…

Michael Saylor Issues Bitcoin 'To Moon' as BTC Hits $68,000 Price

BitcoinDec 2

The price of Bitcoin surged past the $68,000 mark, catching the attention of Michael Saylor, the chairman of MicroStrategy, to issue a "to the moon" X post. The tweet was accompanied by an image of Saylor wearing astronaut's clothing, and a rocket inscribed with the Bitcoin insignia. Saylor's declaration comes at a time when the cryptocurrency market is experiencing volatility. The cryptocurrency market as a whole continued to rise on Wednesday, driven by Bitcoin (BTC), which increased its weekly gain to more than 12% and surpassed $68,000 for the first time since late July. To The Moon pic.twitter.com/dcqBoN1yhI — Michael…

Trader “stupidmoney.sol” Nets Massive Gain on $GOAT, But Misses Out on Even Bigger Profits

AltcoinsDec 2

A trader known as “stupidmoney.sol” recently made headlines in cryptocurrency for their daring and highly profitable trade involving the $GOAT token. Over just five days, the trader turned a modest 5 SOL (approximately $727) into a staggering 15,883 SOL, worth roughly $2.44 million at the time of the sale. However, despite the enormous return, there is speculation that the trader could have made significantly more had they held onto their position. Will stupidmoney.sol regret selling $GOAT too early? He sold all 15.15M $GOAT 8 days ago, turning 5 $SOL($727) into 15,883 $SOL($2.44M), a huge gain! But if he had held…

1.97 Million BTC Held by New Bitcoin Whales: Details

BitcoinDec 2

Notable insights are beginning to emerge from the Bitcoin ecosystem that might explain the recent activities in the space. Analysis of Bitcoin whales' activities has revealed interesting details. In a post on X, Ki Young Ju, CryptoQuant's founder and CEO, says new whales currently hold 1.97 million Bitcoin. Institutional influence growing According to Young Ju, these new whales each possess over 1,000 BTC, in exchange-traded funds (ETF) and custodial wallets. Interestingly, these whales' average holding period of the assets falls under 155 days. The HODLers are approximately five months into the market. New whale wallets now hold 1.97M #Bitcoin. Each…

Optimism, Avalanche Lead Surge in Crypto Development Activity

AltcoinsDec 2

Optimism, Avalanche, and Arbitrum are leading a surge in crypto development activity across major blockchain ecosystems, according to Santiment. This growth, evidenced by increased GitHub events, signals a positive trend for the future of digital currencies. Santiment’s analysis shows substantial development gains across ten leading crypto ecosystems, highlighting their potential for innovation and expansion. These ecosystems include Solana, Harmony, Cosmos, BNB Chain, Polkadot, Ethereum, and Polygon. 🧑‍💻 Over the past year, all 10 of the top ecosystems in crypto have INCREASED their rate of development. The rising amount of notable github events from each of these ecosystems is an objectively…

$100 Million Bitcoin Moves Amid SEC Scrutiny on Cumberland

BitcoinDec 2

An extraordinary transfer of more than $100 million in Bitcoin has shaken the cryptocurrency space, just within this hour. As became known thanks to a report from Whale Alert, the transfer of 1,475 BTC took place between several wallets, previously unknown to the service, with two key addresses, "3QYQ6" and "3MqUP." Thus, the first address was the sender of the largest amount of coins, namely 1,205.93 BTC, which is equivalent to $82.3 million. The second address is the direct recipient of these coins. 🚨 🚨 🚨 🚨 🚨 1,475 #BTC (100,339,951 USD) transferred from unknown wallet to unknown wallethttps://t.co/La4x9rEsUw —…

SAFE, UNFI, and BZZ Lead the Daily Gainers Pack as Bulls Dominate

AltcoinsDec 2

On October 24, 2024, several cryptocurrencies experienced notable gains, with SAFE and UNFI leading the pack, posting remarkable 65.6% and 62.5% increases, respectively. These tokens have drawn attention for their rapid growth, as the market appears to react positively to ongoing developments in the decentralized finance (DeFi) space. SAFE, currently priced at $1.65 with a market cap of $815.4 million, saw its most significant surge on Bybit, where it is actively traded. DAILY GAINERS$SAFE +65.6% $UNFI +62.5% $BZZ +52.6% #VIRTUAL +34.8% $OOKI +26.2% $RPK +23.1% $GOAT +18.6% $MBX +15.6% $JTO +11.4% $DEEP +10.6%#dailygainers pic.twitter.com/jZCHQylSbZ — PHOENIX – Crypto News &…

Bitcoin Miner Argo Blockchain Secures £4.2M Lifeline as Mining Margins Shrink

MiningDec 2

Argo Blockchain, the publicly listed Bitcoin miner from Wall Street (NASDAQ: ARBK) and London (LSE: ARB), has secured £4.2 million ($5.3 million) through a share subscription. The BTC mining company issued approximately 76.9 million new ordinary shares at 5.5 pence per share to an institutional investor. The fresh capital will support multiple strategic initiatives, including the potential relocation or divestment of mining equipment from its Helios facility in Texas, while maintaining Bitcoin mining operations in Quebec. The funds will also advance the company's planned expansion into high-performance computing (HPC). Thomas Chippas, Argo. Source: LinkedIn "This subscription strengthens our balance sheet…