Author: NBTC

Positive sentiment toward Bitcoin is noticeably increasing on social media, which is a first for the cryptocurrency; positive comments have more than doubled negative ones for the first time in more than a year. This optimism, also known as FOMO (fear of missing out), is indicative of a sharp change in the public’s perception of the top cryptocurrency. But there are also some worries brought up by this surge in enthusiasm. Such peaks in optimism have historically corresponded with market peaks. Since many market participants are motivated more by emotion than by fundamentals, when traders exhibit excessive optimism, a market…

In the lead-up to the November 2024 U.S. presidential election, Republican nominee Donald Trump’s crypto holdings have seen an impressive surge in worth. According to Arkham, a crypto intelligence platform, Trump’s crypto assets have increased by $6.1 million since the beginning of the year. Donald Trump is up $6.1M USD on his crypto holdings since the start of this year. Over 65% of his current holdings are MEMECOINS. pic.twitter.com/ssJJqgY2sV — Arkham (@ArkhamIntel) October 17, 2024 His portfolio, currently valued at $7.71 million, shows a shift in his financial interests at a time when he even launched his own project, especially…

Something unusual is happening with Shiba Inu (SHIB) as multiple metrics are skyrocketing today. Beginning with the burn rate, data from Shibburn shows that this metric has jumped by over 640% in 24 hours to 5,555,360 SHIB. This uptick is evidence of bullish activity within the Shiba Inu ecosystem. Shiba Inu price and potential catalyst As mild as the total SHIB burnt is, the token has seen a more ambitious price rally. As of press time, it is outpacing the top 20 coins in price after soaring by 13% in 24 hours. With this growth rate, SHIB’s price jumped to…

Lawyers say that FTX engineering director Nishad Singh’s early cooperation was critical to bringing cases against the exchange’s founder and former CEO Sam Bankman-Fried and former division exec Ryan Salame. Singh pled guilty to six criminal charges in February 2023. Lawyers representing former FTX Director of Engineering Nishad Singh have asked a federal judge to spare him prison in a sentencing submission document filed with the U.S. Southern District of New York on Oct. 16. The filing describes Singh as an “uncommonly selfless individual” and includes more than 100 letters from family, friends and former colleagues. “His role was far…

Data shared on X indicates that the very first prediction of Bitcoin theoretically reaching $10 million per coin in the future was made by a person who was close to Satoshi Nakamoto. The author of the post pointed out that all the complaints about Bitcoin being predicted to reach $1 million pale in comparison to that earlier ultra-bullish forecast. Here’s first person who said Bitcoin could reach $10 million According to user @Vivek4real_ X, the very first prediction about Bitcoin possibly skyrocketing to $10 million per coin in the future was by none other but Hal Finney – the recipient…

Benchmark has raised its price target for MicroStrategy’s stock from $215 to $245. Analyst Mark Palmer argued the value of the company’s bitcoin holdings and its software business will continue to increase. He also believes that the company’s high stock price is justified as it provides more value than just holding massive amounts of bitcoin. Bears on MicroStrategy’s (MSTR) high stock price thanks to its perky valuation compared to the amount of its bitcoin (BTC) holdings are overlooking the company’s “unique” shareholder value, investment banking firm Benchmark said in a research report on Friday. “We believe the ability of MSTR…

As the cryptocurrency industry continues to evolve, investors and traders are discovering opportunities to score a profit by carefully picking and timing their crypto trades, as one crypto trader demonstrated by turning an investment of below $100 into nearly $100,000 in less than a day. Specifically, this particular crypto trader has achieved a more than 1,000x return by trading Incept (INCEPT), turning a mere $95 into as much as $96,900 in just 12 hours of trading, according to the data shared by blockchain analytics platform Lookonchain in an X post on September 26. At the same time, the Lookonchain team…

Russia’s financial regulator maintains that its anti-money laundering system, including strengthened virtual currency regulations, remains effective even if the country faces potential blacklisting by the Financial Action Task Force (FATF). The agency highlighted new federal laws addressing previous concerns and stressed that no significant deficiencies exist that would justify Russia’s inclusion on the FATF blacklist, set for review this month. Russia’s Financial System Under FATF Scrutiny Russia’s Federal Financial Monitoring Service (Rosfinmonitoring) emphasized that its anti-money laundering system will continue operating effectively, even if the Financial Action Task Force (FATF) decides to add the country to its blacklist. One area…

In response to an infographic showing the largest holders of Bitcoin (BTC), Dogecoin cofounder Billy Markus, aka Shibetoshi Nakamoto, compared his DOGE holdings to how much Satoshi Nakamoto, the creator of Bitcoin, reportedly owns in BTC. If you believe the statistics, Satoshi currently owns about 1.1 million BTC, which is equivalent to $66 billion. According to Markus, that is more than he owns in DOGE, and if that is indeed the case, it means that the Dogecoin creator owns less than $117,040 in the popular meme coin. Back in 2015, when Jackson Palmer and Billy Markus were riding the unexpected…

Amid the broad uptick in crypto asset markets, non-fungible token (NFT) sales saw a 22.38% increase this past week. NFT sales managed to rake in $92.95 million this week and Ethereum and Bitcoin NFT sales led the way. Digital Collectibles Spike in Activity as Ethereum and Bitcoin Top the NFT Charts NFTs enjoyed an increase in sales and activity this week. The number of digital collectible sellers rose by 107.92%, the number of NFT buyers jumped by 87.54%, and the 1,947,124 NFT transactions this week were around 15% higher than the week prior. Metrics collected by cryptoslam.io indicate that Ethereum…