Author: NBTC

After a roller coaster ride in the market last week, Bitcoin shows endurance, bouncing back from the recent dip to $49,000 and reclaiming the $60,000 milestone as key to its continuation to the upside to regain levels lost during the last 20% correction on August 5. Despite facing hurdles, the largest cryptocurrency on the market continues to exhibit signs of sustaining the macro uptrend that has been prevalent since the start of the year. ‘Golden Buying Opportunities’ In a recent analysis highlighting Bitcoin’s price action and technical outlook, crypto analyst Doctor Profit shared insights that reveal market sentiment following the…

XRP has stunned the community and the broader crypto market with activities on its ecosystem within the past 24 hours. According to data shared by analytics tracker Whale Alert, two notable whale transactions have seen the movement of huge amounts of XRP valued at over $30 million from unknown wallets to Bitstamp and Bitso. Large XRP transfers shake market sentiment Details of the transactions reveal that the first whale moved 26,740,000 XRP, equivalent to $15,120,498, from an unnamed wallet address to Bitstamp. About four hours later, a similar transaction was initiated from an unknown wallet, this time to Bitso. The…

Qatar has gone from banning crypto in 2018 to introducing a crypto regulations framework this month. The framework includes recognition of smart contracts, licensing for crypto companies, property rights in tokens and custody arrangements among other issues. Qatar introduced a regime to regulate digital assets, opening the way for companies to obtain licenses as token service providers and help develop the country’s digital financial economy. The Qatar Financial Centre (QFC), which provides legal services for local and international companies, brought in the Digital Asset Regulations 2024 to establish the “legal and regulatory foundation for digital assets, including the process of…

BlackRock’s IBIT Bitcoin ETF has emerged as the third-largest Bitcoin holder worldwide, following the mysterious creator of Bitcoin, Satoshi Nakamoto, and Binance Exchange. This significant development is part of a larger trend where institutional interest in Bitcoin continues to grow. Currently, the combined holdings of US ETFs exceed 900,000 BTC, positioning them just behind Nakamoto, who is believed to hold over a million coins, though this figure remains debated. Institutional Players Gaining Ground Bloomberg analyst Eric Balchunas recently highlighted that Bitcoin ETFs could surpass Nakamoto as the largest holders by 2025. As it stands, BlackRock’s IBIT ETF alone holds 347,767…

Ethereum ETFs face outflows of $13.228M, while Bitcoin ETFs see inflows of $203M, highlighting differing market dynamics. Ethereum’s competition from networks like Avalanche and Solana has slowed its ETF growth, unlike Bitcoin, which mainly competes with gold. Despite challenges, Ava Labs’ John Wu expects ETF access to increase Ethereum adoption as the broader crypto market sees steady network growth. Ava Labs President John Wu has weighed in on the challenges facing Ethereum ETFs compared to the rapid success of Bitcoin ETFs. Despite Ethereum’s strong market position, the growth of its ETFs has lagged behind Bitcoin’s, raising questions within the investment…

The founder of Solana-based meme coin Church of the Smoking Chicken Fish has officially registered the project as nonprofit and plans to build a physical church in Texas. This comes after the token skyrocketed to a $130 million market cap, less than two weeks after being launched on Pump.fun. “We’re going to try to build a church in Marfa, Texas,” church founder Pastor Kelby told Decrypt on the latest episode of “What’s the Meta?” “We’ve already found potential property and [our] whales have already donated over [$130,000] towards the purchase of that property.” Since speaking with Decrypt, the church’s founder…

The U.S. Securities and Exchange Commission (SEC) has announced the completion of criminal charges against Galois Capital Management LLC, a Florida-based advisory firm focused on cryptocurrency investments. The firm, which was previously registered as an investment advisor for a private fund investing primarily in crypto assets, faced allegations that it failed to comply with key regulations designed to protect client assets. According to the SEC’s official statement, Galois Capital violated the Depository Rule under the Investment Advisers Act by failing to ensure that certain crypto assets held by the private fund were held at a qualified custodian. Instead, the firm…

An interview between Elon Musk and Republican presidential candidate Donald Trump attracted over 1 million listeners on X. Crypto was not mentioned during the two-hour long event. Former President Donald Trump did not mention bitcoin or crypto during an interview with X CEO Elon Musk on Monday evening. Over two hours, the wide-ranging interview covered a variety of topics including illegal immigration, the economy, AI and global warming. The interview attracted over 1 million listeners and was delayed for over 45 mins, due to what Musk called a “massive [distributed denial of service] attack on X”. “As this massive attack…

Ethereum price declined heavily and traded below $2,550. ETH could start another increase if it stays above the $2,400 support zone. Ethereum started a major decline below the $2,650 and $2,550 levels. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,575 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a recovery wave if it stays above the $2,400 level. Ethereum Price Dives 10% Ethereum price failed to recover and extended its decline below the $2,650 level. ETH traded below…

Blockchain platform Pundi X has unveiled a strategic partnership with Oraclus, an advanced AI-powered data analytics provider, aiming to revolutionize blockchain analytics and enhance decision-making for crypto investors, developers, and businesses. This collaboration, announced on August 30, marks a significant step in advancing AI-integrated blockchain tools and pushing forward Web3 adoption. Oraclus brings a robust blockchain ecosystem to the table, featuring a suite of>What this partnership will bring Pundi X’s partnership with Oraclus is designed to improve market analytics, streamline decision-making processes, and provide users with actionable insights. “Together, we are enhancing market analytics, improving decision-making, and empowering Web3 users…