Author: NBTC
While the rally in Bitcoin to $64,000 pleased both retail and institutional investors, investors’ BTC profits also increased. While El Salvador is one of the institutional investors whose BTC profits increased, El Salvador President Nayib Bukele recently said that the country’s BTC portfolio gained 40 percent in value with the recent rise. Referring to those who criticized his and his country’s Bitcoin decision with this post, Bukele stated that they would not sell BTC and would continue to accumulate it. While Bitcoin maximalists shared Bukele’s joy, Bitcoin enemies such as Peter Schiff overshadowed it. Commenting on Bukele’s post, gold advocate…
The Reserve Rights (RSR) token has surged by 30% in the last 24 hours, setting it apart as one of the standout performers in the cryptocurrency market. As per data by CoinMarketcap, on March 22, the token’s value reached $0.0096, marking its highest level since 2022. RSR 24-hour price chart | Source: CoinMarketCap The surge occurs at a time marked by a general downturn in the market, with major cryptocurrencies such as Bitcoin, Ethereum, and Ripple experiencing declines. Reserve Rights is a blockchain initiative aimed at creating a stable, inflation-resistant currency. The Reserve Protocol allows users to produce RTokens, which…
Lucie, a member of the Shiba Inu core team, took to X to shed light on the significant contributions made by Woofswap to the Shiba Inu community. Woofswap, a decentralized exchange, has emerged as a pivotal player in easing the functionality of the Shibarium network. Fun fact:@woofswap is one of few behind the significant spike in transactions, which is why we’ve seen a nice amount of $SHIB burns on #Shibarium. They assisted with the @gate_io integration and have now deployed $DAMN, helping to bridge many people to #Shibarium.Nothing… — 𝐋𝐔𝐂𝐈𝐄 | SHIB.IO 🧜🏼♀️ (@LucieSHIB) March 20, 2024 Speaking on the…
In a recent post on the X social media platform, Ripple CEO Brad Garlinghouse has predicted that the U.S. Securities and Exchange Commission (SEC) is on track to lose its “war” against Ethereum (ETH). According to Garlinghouse, the SEC is already “losing badly” in the court while falling below international counterparts in terms of regulatory standards. Earlier this week, various media outlets reported that the SEC has launched an aggressive campaign to label the second-largest cryptocurrency as a security. The Ethereum Foundation is also facing an ongoing investigation. As reported by U.Today, Paul Grewal, chief legal officer at Coinbase, took…
Mike McGlone, senior commodity strategist at Bloomberg, published a tweet about Bitcoin nearing the $70,000 level and what may happen to the gold price, while it is happening. McGlone has named two main reasons why Bitcoin can soar to $70,000 and gold price may dump. What may happen to gold as Bitcoin heads for $70,000: McGlone Bloomberg’s expert mentioned the recent Bitcoin price surge and that BTC is likely targeting the $70,000 now. In the meantime, he stated, gold, which is considered a BTC rival in the world of physical assets by many parameters, and mainly as a safe haven…
D3, an official identity service provider for Web3 Communities and a Shiba Inu partner, shares pertinent information with the Shib community regarding SHIB names. Shib Names, which debuted on March 6, has received tremendous attention and adoption from the Shib Army, indicating a strong interest in innovative Web3 solutions. Hey #ShibArmy! If you had a #ShibName stuck in the Mantra smart contract during the transition from SNS to D3, your names have now been unlocked and sent to your wallets 💪 pic.twitter.com/9SivRFTXez — D3 (@D3inc) March 21, 2024 This initiative, which stems from Shib’s partnership with D3, entails applying for…
The United Nations General Assembly adopted a global artificial intelligence (AI) resolution on March 21. The new resolution aims to promote “safe, secure, and trustworthy” AI development. The Assembly said it is paramount that AI is developed in a sustainable manner that does not threaten human rights. The AI Resolution The UNGA has requested member states and stakeholders to refrain from deploying AI in manners inconsistent with international human rights laws. It also acknowledged the varying technological advancements across countries and called for efforts to bridge this development gap. Sections of the eight-page document call for raising awareness, strengthening investments,…
Over the past hour, as bitcoin’s value swings from $62,150 to $62,545 on March 1, 2024, the cryptocurrency market is experiencing a pronounced upward trend. With a trading volume of $55.41 billion over 24 hours and a market cap touching $1.21 trillion, bitcoin’s dominance in the market is clear. Technical indicators, including oscillators and moving averages, all point towards a positive sentiment, bolstering the optimistic perspective among traders. Bitcoin On Friday, the day’s 24-hour trading range (intraday) between $60,365 to $63,684 illustrates a volatile yet upward trajectory for bitcoin (BTC). The significant trade volume suggests a high level of trader…
In a recent regulatory development, cryptocurrency payments of any size using unidentified self-custody crypto wallets are now illegal in the European Union (EU). This decision is part of a set of new anti-money laundering laws (AML) in the continent. The majority of the EU Parliament’s lead commission approved the prohibition on March 19, according to Patrick Breyer’s post. Notably, Dr. Breyer is a member of the European Parliament for the Deutsch Piraten Partei and one of the two leaders who opposed this approval. Gunnar Beck was the other Parliament member who voted against it, representing the Alternative for Germany (AfD)…
Marathon Digital Holdings (NASDAQ: MARA) is the world’s largest publicly traded Bitcoin (BTC) mining company. Institutional investors have gradually increased their positions in Marathon despite the block subsidy halving expected in April. In particular, institutional investors own 38.9% of Marathon’s outstanding shares, holding 104,212,740 out of the 268 million. Finbold gathered this data from Nasdaq, which also shows the top five institutional shareholders of the Bitcoin mining company. First, Vanguard holds 23.47 million shares (8.76%). Next, BlackRock and Jane Street have 17.19 million (6.42%) and 8.47 million (3.16%), respectively. Morgan Stanley has 6.27 million (2.34%) and State Street is the…