Author: NBTC

Market data confirms that the growth of Bitcoin since its inception in 2010 amounts to over 81,999,888% return for investors. Kashif Raza, the founder of Bitinning, called public attention to the record in a recent analysis, as this massive increase illustrates Bitcoin’s potential for long-term investors. Raza shared a historical chart from 2010 to 2024, highlighting crucial price milestones and overall growth that reflects Bitcoin’s volatility and substantial returns over time. Crucial Price Milestones Bitcoin’s journey began in 2010 at a mere $0.09. By 2011, it had gained a remarkable 2,960%, reaching $26.9 and then $123 in October 2012. Remarkably,…

Over the past few days, Ethereum (ETH) whales have been relentlessly selling their coins, dampening the market’s momentum. Whale inflow into cryptocurrency exchanges has surged, indicating a strong desire for profit as the coin’s price has skyrocketed by double digits over the past seven days. The spike in selling pressure will likely limit Ethereum’s near-term upside potential. Here is how. Ethereum Whales Take Advantage of Price Hike Ethereum’s price has climbed by 14 % over the past week to trade at $2,644 at press time. However, this rally may face resistance due to recent sell-offs by some large holders, or…

After keeping interest rates steady for more than a year, the Fed finally started a rate-cutting cycle and made its first rate cut last week. As expectations of further cuts increased following the 50 basis point cut, Minneapolis Fed President Neel Kashkari said he expects interest rates to be 4.4% by the end of 2024 and 3.4% by 2025. I Expect Another 50 Basis Point Interest Rate Cut from the FED by the End of 2024! Speaking on CNBC’s Squawk Box, Kashkari said he supports the Fed cutting interest rates by 50 basis points, saying it was “the right decision”…

Institutional developments and remarks from Nashville cast a more bullish outlook for Bitcoin and BTC mining than before, says H.C. Wainwright & Co analysts. Bullish catalysts have lined up for Bitcoin (BTC) and the BTC mining industry as the U.S. may be poised to adopt the leading cryptocurrency nationally, HWC analyst Mike Colonnesse wrote in a weekly report on July 30. Republican candidate and former President Donald Trump outlined his crypto approach at the Bitcoin 2024 conference, including plans to create a government reserve with around $12 billion in BTC. Trump pledged to position America as the world’s undisputed Bitcoin…

In a significant development in the cryptocurrency market, two prominent entities have deposited a total of 8,510 Ethereum ($ETH), valued at approximately $21.9 million, to centralized exchanges (CEXs) within the past few hours, as reported by Spot On Chain. Two major market players, including an Ethereum ICO participant and Genesis Trading’s bankruptcy wallet, deposited 8,510 $ETH ($21.9M) to CEXs in the last 9 hours!👉 #Ethereum ICO whale “0xb8c” sent 3,510 $ETH ($9.04M) to #Kraken again after 3 months. This whale still holds… https://t.co/83vDcHO6Qz pic.twitter.com/bRpdgKGVuH — Spot On Chain (@spotonchain) September 23, 2024 5,000 ETH Transfer from Genesis Wallet Signals Ongoing…

Helix Labs has raised $2 million in a pre-seed funding round, valuing the company at $40 million. The funding was led by Tribe Capital, EMURGO Ventures, Taureon Capital, LD Capital, and Double Peak Group, according to a company press release. The goal of the funding is to bring more liquidity from Cardano (ADA) into decentralized finance. Helix Labs’ main focus is to develop a protocol that allows Cardano holders to stake their tokens while still using them in DeFi. Normally, when you stake a cryptocurrency, you lock it up to support the network and earn rewards in return. However, this…

As of Sept. 23, 2024, ethereum is trading at $2,646, with an intraday price range of $2,531 to $2,684. Over the past 24 hours, ethereum has recorded a trading volume of $16.36 billion and a market capitalization of $318.56 billion. The cryptocurrency’s price is holding steady, reflecting a balanced market with mixed signals from technical indicators. Ethereum Ethereum’s (ETH) 1-hour chart reflects a recent rally from $2,525 on Sept. 21 to a peak of $2,687, followed by a slight consolidation in the $2,660–$2,680 range. This short-term pullback is accompanied by reduced volume, suggesting a potential for a breakout as traders…

Piero Cipollone, a member of the executive board of the European Central Bank (ECB), recently spoke about the key benefits of the digital euro, arguing that the project would be able to bolster Europe’s financial sovereignty. Cipollone warned about a future scenario, in which Alipay, the largest mobile payment platform in China, would be the only available payment option for Europeans. He noted the popularity of cash continues to decline steadily, with digital payments emerging as the increasingly dominant option. Hence, there is a risk of Europeans becoming increasingly dependent on non-Europena payment platforms. A sovereign digital payments system would…

According to the latest data compiled on August 14, 2024, several gaming projects have distinguished themselves through heightened social activity. Render (RNDR) has emerged as the frontrunner, commanding the highest level of social interaction. With 6.8K engaged posts and a staggering 400.5K interactions, RNDR is setting the pace for community-driven activity in the blockchain gaming sector. TOP #GAMING PROJECTS BY SOCIAL ACTIVITY$RENDER $EGLD $VRA $NAKA $APE $MANA $AXS $SAND $IMX $GMT pic.twitter.com/1LN5KGLnvG — PHOENIX – Crypto News & Analytics (@pnxgrp) August 14, 2024 Hot on Render’s heels are Elrond (EGLD) and Verasity (VRA), with EGLD achieving 5.5K engaged posts and…

While Nigerian authorities have generally been perceived as having an anti-crypto stance, recent developments on the regulatory front suggest a shift toward supporting crypto businesses. Buchi Okoro, CEO of the digital asset exchange Quidax, which recently obtained an operating license, believes these developments could lead to broader adoption of crypto assets in Nigeria. Quidax Wins Regulatory Approval After Proactive Outreach In written responses to questions from Bitcoin.com News, Okoro, however, urged Nigerian authorities to create a clear legal framework that allows for a smooth launch of products and services by crypto businesses. Such a framework, he said, would enable the…