Author: NBTC

Many analysts are focusing on the bearish slump on the market as Bitcoin has failed to breach the $62,000 resistance level in recent times. However, a number of market whales are capitalizing on the market drawdown to stack up on the digital currency. At the time of writing, the price of Bitcoin is changing hands for $61,207.22, up by 0.31% in 24 hours. This discount has served as a major entry point for long-term buyers. Drawing on this, data from crypto analytics platform IntoTheBlock shows that despite market FUD, the net inflow into Bitcoin’s largest wallets reached its highest level…

Indonesia’s total tax revenue collected from digital economic activities is continuing on a growth trajectory spurred by a surge in cryptocurrency transactions. This comes as digital assets are gaining traction in the country, with more individuals turning to crypto to hedge volatility. Figures from the Directorate General of Taxes (DJP) at the Ministry of Finance show a steady month-on-month growth in tax revenue contribution from the cryptocurrency industry in June. Indonesia domestic investors show strong interest in crypto According to the DJP, the crypto sector recorded Rp798.84 billion or $49 million between May and June. This amount represents 3% of…

Today, the price of $MOG reached a record high. It marks a significant milestone in its trading history. This surge in price reflects increased investor interest and confidence in the token’s potential. In a notable transaction on the blockchain, address 0x7Afc withdrew a substantial amount of 528.9 billion $MOG tokens from the exchange Bybit. The total value of this withdrawal is approximately $1.1 million. The $MOG price hits a new all-time high today!0x7Afc withdrew 528.9B $MOG($1.1M) from #Bybit today.https://t.co/xiXROr3cxl0xE76c spent 709,884 $USDC to buy 284.2B $MOG today.https://t.co/DyTTjRUa2w pic.twitter.com/URvvKzxt3P — Lookonchain (@lookonchain) July 15, 2024 Address 0xE76c Buys 284.2 billion $MOG…

In the final stretch of several U.S. congressional primaries, crypto-backed campaign-finance efforts are trying to add to their lists of friendly members of Congress. The industry’s political action committees supported candidates in Tuesday’s primaries in Washington state and Missouri, and they devoted $1.4 million in the hopes of ousting a prominent Democrat in Missouri. Support for one Arizona Democrat may be paying off, with the Yassamin Ansari’s race moving to a recount with her still holding a 42-vote lead. After a very tight victory last week in Arizona that’s now facing a recount, the cryptocurrency industry’s political forces are shifting…

5 August 2024 — Tether Operations Limited, the largest company in the digital asset industry, and Xion Global, a Multi-Chain Web3 Crypto Payments Infrastructure provider, have announced a strategic alliance to promote blockchain education in South Africa. This initiative aims to deliver educational content and interactive activities on blockchain technology and its key use cases, positioning Tether as a major contributor to digital education in developing regions. This collaboration aims to enhance digital transaction capabilities in South Africa through Xion Global’s innovative solutions. By integrating with the Scan to Pay application, which is part of South Africa’s largest QR ecosystem,…

Spot Bitcoin and Ethereum exchange-traded funds in the U.S. recorded joint outflows for the first time on Aug. 2. Bitcoin ETFs see outflows of $237.4m The 11 spot Bitcoin (BTC) ETFs in the U.S. experienced a net outflow of $237.4 million at the end of the trading day on Friday, Aug. 2. This is the largest outflow from these investment products since the beginning of May when they experienced $563.8 million in outflows. Bitcoin ETF Flow (US$ million) – 2024-08-02TOTAL NET FLOW: -237.4(Provisional data)IBIT: 42.8FBTC: -104.1BITB: -29.4ARKB: -87.7BTCO: 0EZBC: 0BRRR: 0HODL: -23BTCW: 0GBTC: -45.9BTC: 9.9For all the data & disclaimers…

Solana meme coin dev, Mikol, was hospitalized with third degree burns in an attempt to pump his TruthOrDare (DARE) token. Now, after nearly two months of rehabilitation, he has started to outline the future of his project and eyes up his next dare: climbing Mount Everest. “We’re gonna go—me and the team—to base camp Mount Everest, and we’re going to stream it. The flights are already paid for,” Mikol told Decrypt on the ‘What’s the Meta?’ podcast. “We’re going to do a world tour. We’re gonna go to these different parts of the world, meet up with our community, [and]…

The Fuse blockchain has been integrated into the Hyperlane network, marking a significant milestone in boosting adoption and enhancing interoperability for the Fuse Network. This integration will enable fast token bridging, inter-chain applications, and permissionless interoperability, paving the way for a more interconnected and efficient blockchain ecosystem. The primary focus of this integration will be on the seamless importing and exporting of FUSE tokens through the Hyperlane Network. This functionality will facilitate easier access to DeFi products and applications, significantly increasing the liquidity and utilization of FUSE tokens. By leveraging Hyperlane’s interchain capabilities, Fuse aims to become a gateway to…

Crypto is the top investment for Gen Z (59%) and Millennials (57%) in ETFs. Younger generations favor crypto due to economic events and technological advancements. Studies show younger investors rank alternative investments, including crypto, above traditional assets. The Nasdaq 2024 Retail Investor Survey reveals that crypto is the top investment interest for both Gen Z and Millennials. According to the survey, 59% of Gen Z and 57% of Millennials selected crypto as their preferred ETF investment theme. This marks a notable shift in investment preferences, with younger generations showing a strong inclination towards digital assets. The data shows a clear…

Meme tokens can be minted in minutes – and the failed assassination of Donald Trump opened a brand-new opportunity. Tokens and ordinals appeared to mark the event, immediately rallying on irrational hype. Almost all chains saw a new wave of tokens, related to the events and images of the failed assassination of Donald Trump, the former US president now battling to regain the post. Dextools showed a FIGHT token was minted on Ethereum, immediately gaining a pairing with WETH. Also Read: Meme coins rally on the back of Donald Trump’s failed assassination The new batch of tokens extends the PolitiFi…