Author: NBTC

The market activity of Bitcoin has drawn attention as the changes in ownership patterns have become evident. On-chain data reveals that old established Bitcoin holders, known as ‘old whales,’ are transferring their Bitcoins to new institutional investors, implying a shift in market dynamics. Notably, this movement of Bitcoin is happening between these large-scale holders, known as ‘whales,’ and not spreading widely among retail investors. On the same accord, a chart from analyst Axel Adler Jr., shared by Ki Young Ju, CEO of CryptoQuant, captures the shifting dynamics between investor classes. Old whales are selling #Bitcoin to new whales(TradFi), not retail…

Cross-chain NFT marketplace Magic Eden, which recently jumped to the top of the pack amid growing interest in Bitcoin Ordinals, announced Friday that it plans to support the upcoming Runes fungible token standard on Bitcoin. “Ordinals, Rewards, Runes. The Future of BTC is on Magic Eden,” the marketplace tweeted along with a teaser video. The Rune protocol is set to launch on Bitcoin’s mainnet following the halving, which is expected to take place on April 20. The halving is the quadrennial event baked into the Bitcoin protocol that cuts in half the BTC miners receive for supporting the network. The…

Sam Bankman-Fried is in a Manhattan courthouse again on Thursday to face sentencing after his November conviction on seven different fraud and conspiracy charges tied to the operation and collapse of FTX. The former CEO faces decades behind bars. The U.S. Department of Justice successfully presented a case holding him responsible for FTX losing billions of customer and investor funds during its operation, saying he personally made decisions that led to the exchange’s 2022 bankruptcy. His attorneys requested no more than 6 1/2 years in prison, while prosecutors recommended 40 to 50 years in sentencing memos leading up to Thursday’s…

PostFinance, a prominent retail bank and financial entity in Switzerland, has recently collaborated with Sygnum. The purpose of partnering with the worldwide crypto asset banking network is to provide services regarding digital assets through the B2B banking forum of Sygnum. PostFinance is going to unveil a crypto offering for the provision of protected access to the market with alluring conditions. Sygnum is proud to enable @PostFinance’s crypto offering to its over 2.5 million customers. While our part of the collaboration centres on empowering them to offer cryptocurrencies, we are excited to see their innovative use of AI in creating the…

In a significant move, Google has begun indexing Bitcoin blockchain data into its search engine results. Users can now search for Bitcoin addresses and see transaction details directly in Google searches. NEW: Google has recently started indexing #Bitcoin data into their search engine 👀Huge Development 👏 pic.twitter.com/hIAJfLkYXh — Bitcoin Magazine (@BitcoinMagazine) March 28, 2024 This integration comes after years of Google’s rocky relationship with Bitcoin. The tech giant banned Bitcoin-related ads in 2018 before reversing course in January 2024 and allowing Bitcoin ETF ads after their approval earlier this year. The policy change signaled Google’s warming stance. Now, displaying Bitcoin…

BRLA Digital is becoming a game changer in cross-border payments and cryptocurrency framework through its inventive services. The BRLA Token is a stablecoin attached to the Brazilian Real (BRL) at the core of its ecosystem. It was created to initiate effortless and low-cost transactions and provide companies with a dependable way to make domestic and global payments. They have been scouring and testing the XRP Ledger to process payments. BRLA Digital intends to further Brazil’s financial space by encouraging crypto acceptance and offering connectivity with international financial products. The BRLA token is a critical segment of this scenario as it…

The court sentenced Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, to 25 years in prison. This verdict comes after a tumultuous period marked by fraud, perjury, and witness tampering allegations. FTX’s Sam Bankman-Fried Sentenced to 25 Years in Prison Despite arguments from Sam Bankman-Fried‘s defense team portraying him as a misunderstood genius, Judge Kaplan’s findings painted a starkly different picture. Kaplan highlighted Bankman-Fried’s false testimonies, stating he lied about his knowledge of FTX customer deposit expenditures. As a result, Bankman-Fried received a 25-year sentence in a federal penitentiary for committing fraud against clients and backers of the cryptocurrency…

Binance, one of the world’s largest cryptocurrency exchanges, has announced support for the upcoming network upgrade and Hard Fork of the Rootstock (RIF) network. Binance Rootstock (RIF) Announces Network Upgrade and Hard Fork Support The upgrade aims to improve network performance and user experience, and Binance is taking steps to ensure a smooth transition for its users. Binance will temporarily suspend token deposits and withdrawals to the Rootstock (RIF) network starting at approximately 17:00 on April 3, 2024. This suspension is part of Binance’s efforts to smoothly handle network upgrades and hard forks. The network upgrade and hard fork is…

Bitcoin (BTC) is once again trading above the $70,000 mark after avoiding dropping below $60,000. With the ongoing resurgence, investor attention remains fixated on whether BTC will rally and achieve another record high before the April halving event. Indeed, a significant portion of market attention is focused on Bitcoin’s ability to hit a six-figure mark, and crypto analyst TradingShot believes the maiden digital asset has a strong chance in the current cycle. In a TradingView post on March 28, the analyst suggested that the asset has the potential to reach $200,000, despite experiencing a two-week consolidation period after surpassing its…

A Solana-based meme coin, Slerf, has surpassed all Ethereum-based exchanges in trading volume within its first day of existence. Slerf’s popularity surged after its developer said they accidentally sent all raised funds to a burn address, leading to a frenzied market and a price increase. Slerf is considered a “blue-chip meme” by some professional traders, and efforts are underway to compensate presale participants through donations from the Solana community and trading fees from exchanges. A Solana-based token that’s been live for little more than a day has clocked up more trading volume than all decentralized exchanges on the Ethereum blockchain…