Author: NBTC

Bitcoin traded above $63,000, experiencing a slight daily decline but a weekly gain, with BTC ETFs seeing significant positive net inflows, indicating a trend towards accumulation. China is reportedly considering a substantial 1 trillion yuan capital injection into its major state banks to bolster the economy, following the People’s Bank of China’s decision to cut the reserve requirement ratio and lower the repo rate. Ether traded above $2,500 with a weekly increase, despite a small daily drop, with its ETFs also showing positive inflows. Meanwhile, WorldCoin’s WLD tokens surged by 14% following expansion announcements and developments at OpenAI. Bitcoin (BTC)…

Rich Dad Poor Dad author Robert Kiyosaki has shared a story involving Iraqi Dinars and an unexpected divine endorsement. In response, the famous author cautioned investors to “be extra careful” about who is giving them investment advice, emphasizing that “even if it is Jesus.” Kiyosaki’s Take on a Strange Investment Pitch Robert Kiyosaki, financial educator and author of “Rich Dad Poor Dad,” warned his followers on social media platform X Monday to be cautious of investment pitches. His book, Rich Dad Poor Dad, co-authored with Sharon Lechter in 1997, has sold over 32 million copies in 51 languages across 109…

Yet another Trump-themed memecoin has soared and cratered—and no, it isn’t officially tied to the actual Trump family. Yet that’s what people seemed to think of the “Restore the Republic” (RTR) token, whose market capitalization ripped to over $100 million within an hour of its launch on Thursday. As of writing, however, its value has plummeted back to $9.2 million, according to DexScreener, which is a more than 90% reversal. Another Solana-based RTR token launched at roughly the same time and followed a similar trajectory, with its total market cap now just $335,000. The emergence of both coins follows cryptic…

Analysts have begun to try to explain the weak performance of HMSTR, the Hamster Kombat official game token, since its token generation event and subsequent airdrop. Neomarkets chief analyst Oleg Kalmanovich assessed that one of the key problems for the projects included the dilution of HMSTR, calling its airdrop a time Ponzi scheme. Hamster Kombat Blasted With Ponzi Scheme Allegations, Could Face Lawsuits Hamster Kombat, one of the most successful games distributed via Telegram, is facing criticism from several analysts who have called the project’s token a Ponzi scheme. The statements come after the token has shed 42% of its…

Bitcoin now trades at a critical juncture as it continues to trend lower while showing signs of potential volatility ahead. In this latest bitcoin price news, veteran trader Peter Brandt pointed out that Bitcoin (BTC) remains in a sequence of lower highs and lower lows. According to Brandt, BTC must close above a key level to reverse this trend and kickstart an uptrend. Lower Highs Dominate BTC Price Action Bitcoin’s daily price chart shows a pattern of descending highs that have dominated price action over the past six months. Bitcoin reached an all-time high of $73,666 in March 2024, which…

Shibarium, the layer-2 solution, is set to launch a hard fork with a new version of Bor, the network’s core component. Notably, it will introduce a burn mechanism. The burn mechanism will be directly linked to base transaction fees. The majority of these fees (70%) will be converted to SHIB tokens and removed from circulation. In such a way, it will be possible to decrease the total supply of SHIB tokens, thus potentially boosting the token’s price. The remaining share of the base fees will be allocated toward ecosystem development. As reported by U.Today, Shibarium completed its previous hard fork…

The top officials at the crypto think tank Coin Center are leaving as the group celebrates its first decade. Executive Director Jerry Brito and Senior Policy Counsel Robin Weisman are out at the end of the year, and Peter Van Valkenburgh will take the helm. Jerry Brito, the founding executive director of the venerable-for-crypto advocacy and research organization Coin Center will step down by the end of the year, he wrote in a post on the group’s website, adding that he’ll be retaining a board seat. The same goes for Robin Weisman, Coin Center’s senior policy counsel, who will also…

An analyst and trader is leaning bullish on Bitcoin (BTC) amid a 13% gain by the flagship crypto asset in two weeks. The analyst pseudonymously known as Rekt Capital tells his 89,500 YouTube subscribers that Bitcoin is on the cusp of surging higher. “This really is the current breakout moment for Bitcoin to really start transitioning into the parabolic phase of the cycle… …so we have a handful of days left for this transition between the re-accumulation phase and the parabolic phase of the cycle for us to actually effectively transition into that breakout period.” The pseudonymous analyst says, however,…

Taiwan’s financial regulator, the Financial Supervisory Commission (FSC), now allows professional investors to invest in foreign virtual asset ETFs through a re-entrustment method, according to a Monday press release from the FSC. Re-entrust investments refer to the process where investors delegate their investment decisions or management to another party, here a sub-brokerage or a fund manager that specializes in virtual assets. The latest move is part of the FSC’s effort to diversify product offerings and boost the re-entrustment business of the nation’s securities firms, the agency noted. Due to the high investment risks associated with these crypto-related ETFs, the FSC…

On-chain data shows the XRP sharks and whales have expanded their holdings to a new all-time high (ATH) with a 10% jump in August. XRP Wallets With 10 Million To 100 Million Tokens Have Set A New Record According to data from the analytics firm Santiment, the XRP sharks and whales have sharply increased their holdings recently. The indicator of relevance here is the “Supply Distribution,” which tells us about the total amount of the cryptocurrency that a given wallet group is holding right now. Addresses or investors are divided into these cohorts based on the number of coins that…