Author: NBTC

CoinShares opened a new office in New York City, expanding its presence in the US market. The company’s decision to establish a permanent presence in the region followed several major developments, including its acquisition of Valkyrie Funds LLC, a digital asset management firm offering ETFs. According to the official statement, CoinShares’ central office in New York City will serve as the base for the company’s US operations, which are set to expand rapidly in the coming years. The company is reportedly actively recruiting in various departments, including sales, marketing, operations, and compliance, aimed at strengthening its presence in the American…

South Korea’s largest cryptocurrency exchange Upbit reported significant increases in trading volumes across a variety of altcoins, with some seeing sharp increases in activity over the past hour. Here’s a breakdown of the most notable moves: One of the notable moves occurred on The Graph (GRT), which saw a significant jump in 1-hour trading volume on Upbit. Volume rose by 158.17% from an average of $720,000 to nearly $2 million. This increase outpaces GRT’s performance on Binance, where volume remained stable at around $1 million and only changed by 7.86%. Loom Network (LOOM) posted even more dramatic numbers. Its 1-hour…

As digital asset market grows, with projections reaching trillions, institutions like Citi and HSBC expect tokenization to transform finance. Crypto exchanges are essential to this evolution, handling digital assets, cross-border payments, and institutional custody. To thrive, Ripple Custody has come up with solutions for crypto exchanges that provide high-security options for managing digital assets. Ripple Custody and Payments: Flexible and Secure The platform includes bank-grade self-custody and cold storage, giving exchanges control over key management to cater to a broad range of client needs, from long-term holders to active traders. The customization allows exchanges to easily support emerging asset classes…

According to the popular blockchain tracker Whale Alert, which monitors large cryptocurrency transfers, an ancient Bitcoin whale came back to life from almost 11 years in hibernation. Dormant Bitcoin whale earns staggering profit Whale Alert reported that a wallet, which had remained 10.8 years in dormancy (since 2013), has been ignited back to life. It contains a mammoth $8,094,469 worth of Bitcoin. The BTC amount concluded inside the wallet equals 146 coins, and back in 2013, they were valued at $80,257. Since then, the value of that Bitcoin has soared by 9,985%. 💤 A dormant address containing 146 #BTC (8,094,469…

Metaplanet has completed its 11th series of stock acquisition rights, raises $66 million. Of the total 18.1 million stocks rights issued, 72.8% were exercised by the shareholders. Japanese investment adviser Metaplanet Inc. (3350) has successfully completed its 11th series of stock acquisition rights, raising a total of 10 billion yen ($66 million). The initial announcement of the stock acquisition rights was on Aug. 6, when Metaplanet’s share price stood around 700 yen. It gave shareholders the option to purchase new shares at a discounted rate of 555 yen per share. Metaplanet adopted bitcoin as a reserve asset in May as…

Leading Telegram crypto game Hamster Kombat is gearing up for its token launch on Thursday, and over the weekend, the developers told players how many tokens they’ll be able to claim. But there’s a twist. According to a tweet from the Hamster Kombat team, players won’t be able to claim their entire HMSTR token allocation on day one. Instead, they can claim 88.75% of the allotment, with the remaining 11.25% of tokens forced to vest for 10 months before it can be claimed—in July 2025, presumably. This detail had not previously been communicated to players, and it’s one of many…

The long-awaited ShibaSwap 2.0, the upgraded version of Shiba Inu’s decentralized exchange (DEX), has finally gone live. ShibaSwap’s official X account announced the development yesterday, emphasizing that the DEX has received a major upgrade. ShibaSwap just got a Major Upgrade! 🔥 Control, better rewards, and smarter tools to enhance your experience and empower you. Try it now! 👇https://t.co/u0iqxoCMQF — ShibaSwapDEX (@ShibaSwapDEX) October 25, 2024 This update comes days after ShibaSwap’s X handler revealed that the ShibaSwap 2.0 launch will happen sooner than expected. Interestingly, it has finally launched on the mainnet. Per the latest announcement, the upgrade gives users control,…

Michael Saylor, the famous Bitcoin bull, shared the successes of MicroStrategy’s cryptocurrency strategy on CNBC. As the price of BTC has risen an average of 44% per year over the past few years, MicroStrategy, which is among the largest holders of the cryptocurrency, has capitalized on this growth. The company’s stock has risen enormously, up 825% since the inception of its Bitcoin strategy, outperforming even Nvidia’s parabolic rise. With such results, MicroStrategy has successfully outperformed its competitors and gained a significant advantage in the whole U.S. stock market, Saylor concluded. Even though Saylor’s speech got a lot of positive attention,…

As the cryptocurrency market prepares for another eventful week, several altcoins are drawing the attention of traders and investors. Here are the key coins to watch. Binance Coin (BNB): The cryptocurrency community is abuzz with news surrounding Binance CEO Changpeng Zhao (CZ). After facing legal challenges, CZ is set to be released from prison on September 29. Many speculate that this development could have a significant impact on the price of Binance Coin and the broader exchange ecosystem. Bitcoin (BTC): Rumors are circulating that a major U.S. bank is preparing to offer Bitcoin custody services. If confirmed, it could mark…

Short-term holders (STHs) of Bitcoin are feeling pain as BTC falls in price, creating the potential for heightened volatility, according to analytics firm Glassnode. In a new report, Glassnode says that the short-term holder cohort is “heavily underwater” in their positions. “The Bitcoin market has continued to experience downward pressure over recent months despite the average Bitcoin investor remaining profitable overall. However, the short-term holder cohort remains heavily underwater on their holdings, making them a source of risk for the time being.” According to Glassnode, short-term Bitcoin holders are a primary risk to BTC given they are significantly underwater and…