Author: NBTC

Wall Street titan Morgan Stanley held around $187 million worth of BlackRock’s iShares Bitcoin Trust (IBIT), as of June 30, according to a recent 13F filing shared by MacroScope. The amount is equivalent to over 5.5 million IBIT shares. The investment positions the bank alongside other major IBIT holders like Millennium Management, Capula Management, and Goldman Sachs, which recently disclosed a $400 million investment in US spot Bitcoin exchange-traded funds (ETFs), including around $238 million in IBIT. Earlier this month, Morgan Stanley announced it would allow its 15,000 financial advisors to recommend spot Bitcoin ETFs to select high-net-worth clients starting…

San Francisco Fed President Mary Daly said she believes the time is right for the central bank to start lowering interest rates. “The labor market has reached full equilibrium. It’s time to adjust policy,” he said. Daly’s remarks echo comments made by Fed Chairman Jerome Powell at the Jackson Hole Symposium last week, where he expressed confidence that inflation was on track to return to the Fed’s 2% target. Powell also said it was “time to adjust policy.” Daly reiterated the Fed’s commitment to lowering inflation to its 2% target, but said the central bank aims to do so without…

Toncoin surpasses Dogecoin in market cap, securing the 8th largest cryptocurrency spot. Toncoin ecosystem expands with $600 million TVL and Telegram integration. Toncoin (TON) has advanced significantly in the cryptocurrency market, surpassing Dogecoin (DOGE) in terms of market cap. With a valuation around $19.5 billion, this milestone has driven TON to become the eighth biggest cryptocurrency on CoinMarketCap. Source: CoinMarketCap Recent Price Surge and Market Performance Data from CoinMarketCap shows that Toncoin’s present price is roughly $7.95, which reflects a 3.43% rise over the past 24 hours. This upward trend is not restricted to one day; TON has shown a…

Serial investor Jeffrey Huang, known for his involvement in previously booming projects like MAYC and BAYC NFT, has pre-announced another asset fair launch. The new project arrived after Huang failed to drive the price of Friend.tech (FRIEND) with aggressive buying. Crypto investor Jeffrey Huang, also known for his social media personality Machi Big Brother, is onto his next investment. He is involved in multiple crypto and NFT projects and is known for his large-scale, almost reckless approach in attempting to build the next influential value hub. Machi Big Brother is still hyping up the MAYC and BAYC NFT collections while…

A recent analysis from Bitcoin Magazine Pro showcases the power of dollar-cost averaging (DCA) in Bitcoin compared to traditional assets like gold, Apple stock, and the Dow Jones Industrial Average (DJI). The data reveals that consistently investing $10 weekly into Bitcoin over the last five years would have grown a total investment of $2,620 into $7,913.20, reflecting a remarkable 202.03% return. In contrast, the same $10 weekly investment in gold yielded a return of 34.47%, growing the initial $2,620 to $3,523.06. Apple stock also performed well, with a 79.13% return, turning the $2,620 investment into $4,693.13. Meanwhile, the Dow Jones…

The topic of a potential BRICS common currency has stirred significant debate among economic experts and political leaders. Former Russian Prime Minister Sergey Stepashin raises important concerns regarding the feasibility of a unified currency within the BRICS nations. Stepashin notably stated, “It is difficult to imagine that India and China have a common currency,” highlighting the inherent complexities involved. This article delves into the challenges and perspectives surrounding the idea of a common currency within the BRICS nations, emphasizing the practicality of utilizing national currencies instead. The Feasibility of a BRICS Common Currency The idea of a BRICS common currency…

Solana-based meme coin Bonk (BONK) has recently surged 10%, outperforming other popular meme coins within the top 100 cryptocurrencies. At the time of writing, BONK had risen by 8% in the last 24 hours, trading at $0.000025. Its market capitalization stands at $1.77 billion, making it the 52nd largest cryptocurrency, according to CoinMarketCap. BONK 24-hour price chart | Source: CoinMarketCap The token’s daily trading volume has also seen a significant increase, doubling to around $350 million. However, BONK remains 44% below its all-time high of $0.000047, which was reached on March 4. Bonk gained popularity in 2023, driven by a…

IREN (NASDAQ: IREN) just became yet another publicly-listed Bitcoin (BTC) miner from Wall Street, which significantly increased its revenue over the last year, benefiting from higher cryptocurrency prices. According to the results for the fiscal year ended June 30, 2024, revenues grew by 145%, and the number of mined BTC increased by 30%. The company reported record Bitcoin mining revenue of $184.1 million, up from $75.5 million in the previous fiscal year. This substantial increase was driven by growth in operating hashrate and higher Bitcoin prices. IREN mined 4,191 Bitcoin during the year, compared to 3,259 in fiscal year 2023.…

Orochi Network and Kima Network have announced a strategic collaboration to promote blockchain interoperability and data integrity in decentralized ecosystems. Working together, the two platforms may bring their respective strengths to bear, which could lead to exciting new developments in the Web3 ecosystem. 1/5🌟 Kima Network x Orochi🌟We are thrilled to announce that Kima Network has partnered with @OrochiNetwork – the world’s first zero-knowledge modular data availability layer.In this partnership…👇👇👇 pic.twitter.com/fwbHOx4GBy — Kima Network (@KimaNetwork) August 27, 2024 The revolutionary Zero-Knowledge Operating System (zkOS) developed by Orochi Network tackles vital issues related to data availability, compute limits, and data correctness…

Celsius has distributed over $2.53 billion to more than 251,000 creditors as part of its bankruptcy process. Another 121,000 eligible creditors have yet to successfully claim their distribution. Celsius’ bankruptcy administrator has distributed more than $2.53 billion to some 251,000 creditors, it said in its first status report on the payouts. The disbursements were made in liquid cryptocurrency and cash at Jan. 16 prices. They cover roughly two-thirds of all eligible creditors of the crypto lender by number and about 93% of the eligible value, the administrator said in a Monday court filing. Another 121,000 eligible creditors with an average…