Author: NBTC

On September 3, in an interview with Bloomberg TV’s Sonali Basak and Michael Regan, Coinbase Chief Legal Officer Paul Grewal highlighted the approaches of the 2024 U.S. presidential campaigns and the potential implications for the crypto industry. Grewal shared his thoughts on the positions of former U.S. President Donald Trump and current U.S. Vice President Kamala Harris’s campaigns, as well as his outlook on a pro-crypto U.S. Congress emerging from the upcoming elections. Grewal began by noting that Trump’s campaign has been more explicit in its support for cryptocurrency, outlining specific and concrete proposals related to crypto and digital assets.…

Eric Balchunas, senior ETF analyst for Bloomberg, has predicted that Satoshi Nakamoto, the mysterious creator of Bitcoin, is likely to cease being the biggest holder of the leading cryptocurrency by the end of this year. He will be surpassed by US-based Bitcoin exchange-traded funds that already hold a combined 909,000 coins. In fact, BlackRock’s IBIT alone now holds 347,767 coins, which makes it the third-biggest holder of Bitcoin. “BlackRock alone is already #3 and on pace to be #1 late next year, and will likely stay there for a very long time,” Balchunas noted. On Monday, Bitcoin ETFs attracted another…

Traditional investors are on a selling spree as ETH ETFs extend their outflow streak to eight days of consecutive negative flows. Whales are also dumping ETH heavily following its recent price decline. Vitalik Buterin holds 90% of his net worth in ETH. Ethereum is attempting to move below a key trendline that suggests further price decline amid mixed signals across technical indicators. Ethereum (ETH) is down nearly 9% on Tuesday following increased selling pressure from ETH ETF investors and whales. The selling pressure has also led to Ethereum co-founder Vitalik Buterin being accused of not believing in ETH as a…

Over the last seven days, a number of blockchains have exhibited heightened activity. This activity can be determined by the number of transactions on the chain and average daily active addresses. As noted by Artemis, a blockchain analytics platform, these metrics offer information regarding the current status of those networks. Solana tops the list with an incredible 237 million transactions and a 2.1 million daily active address count. Top Blockchains by Number of Transactions in last 7 daysLet’s compare the top blockchains by number of transactions registered on-chain and average daily active addresses in last 7 days, according to @artemis__xyz,…

The recent arrest of Pavel Durov, founder of the Telegram messaging platform, has sparked intense discussions on human rights and digital freedom. The United Nations has expressed serious concerns over the implications of Durov’s detention under French law, emphasizing the complex nature of the case. “This is a very complex case. It raises a lot of human rights concerns,” stated Ravina Shamdasani, a U.N. Human Rights Office spokesperson. This article explores the implications of Pavel Durov’s arrest and the broader discussion surrounding human rights in the digital age. The Arrest of Pavel Durov: A Defining Moment for Digital Rights? Pavel…

Metaplanet, a Japanese public company recently known for its steady Bitcoin accumulations, has acquired an additional ¥500 million worth of Bitcoin (BTC), said Simon Gerovich, the company’s CEO in a recent post on X. Always be stacking #Bitcoin @Metaplanet_JPpic.twitter.com/c34goVoLa8 — Simon Gerovich (@gerovich) August 13, 2024 The latest acquisition brings Metaplanet’s total Bitcoin holdings to around 303 BTC, valued at nearly $18 million. The move came after the company announced last week it had secured a ¥1 billion loan dedicated entirely to purchasing Bitcoin. Metaplanet also revealed plans to raise about $70 million through a stock rights offering, allocating approximately…

Ethereum’s price has fallen to $2,465, dropping below $2,500 from recent highs. In the past 24 hours, $320.86 million was liquidated, with $103 million in ETH leading the losses. The crypto market is reeling from significant losses, with Bitcoin (BTC) falling under $59,000 and Ethereum (ETH) experiencing a sharp decline of nearly 10%, dropping from its high of $2,800 to below $2,500. Particularly since the start of August, Ethereum has taken a significant nosedive and has struggled to breach the $3,000 zone—a level it had comfortably maintained for five consecutive months. Now, ETH is trading within February’s price range, marking…

The largest meme community, BONK, and the largest Modular L2, Manta Network, partnered up for the ultimate Meme-ta szn on Manta Pacific in July. Now, their launch rewards campaign, “Dual Citizenship Rewards,” is ready to conclude, with the ending date coming tomorrow, August 31st. The claim period for Dual Citizenship Rewards with @bonk_inu ends on August 31st!Claim your $MANTA rewards here: https://t.co/YfSRuCYpqXOnce you’ve claimed, dive into fun activities on #MantaPacific with @ElfinGames and @GullNetwork!Details below 👇 pic.twitter.com/YUSeXNJxsB — Manta Network (🔱,🔱) Meme-ta Szn (@MantaNetwork) August 30, 2024 Manta Network is the modular blockchain for zero-knowledge (ZK) applications. Manta Pacific is…

With Bitcoin (BTC) still struggling to surpass and stay over the critical psychological price level at $60,000, some cryptocurrency experts predict another massive crash before the maiden crypto asset can continue toward making new all-time highs (ATHs). As it happens, Bitcoin has been increasing its dominance in recent weeks, signaling the possibility of a strong crash as it happened before, according to the observations shared by pseudonymous crypto market analyst Mikybull Crypto in an X post on August 12. Bitcoin crash before recovery Specifically, the crypto trading expert has noted that Bitcoin’s “crash down will be as violent as it…

A recent report by nftevening.com reveals a troubling state of the non-fungible token (NFT) market, with 96% of NFTs now considered “dead.” The analysis highlights the high unprofitability rate among holders and the fleeting lifespan of most NFTs. NFT Sector Faces Uncertain Path as 2024 Bull Run Bypasses It As highlighted in nftevening.com’s 2024 report, the once-celebrated future of digital ownership, the NFT market, is currently grappling with significant hurdles. The report scrutinized over 5,000 NFT collections and around 5 million transactions to assess the present state of the market. A staggering 96% of NFTs were deemed “dead,” meaning they…