Author: NBTC

Bitcoin’s (BTC) price barely budged after Mt. Gox, the defunct Japanese exchange, unloaded another $2 billion of tokens late Tuesday, inching closer to finishing its $9 billion asset distribution that has been a major source of worry for investors. Blockchain data by Arkham intelligence shows that Mt. Gox-related addresses moved 47,229 BTC worth roughly $3.1 billion between internal wallets and then transferred nearly 34,000 BTC worth $2.3 billion to new addresses little before Tuesday at midnight UTC. Arkham analysts said that the recipient was most likely BitGo, the last one of the five crypto service providers where creditors will be…

DOGS, a meme coin deeply rooted in the Telegram ecosystem, is rapidly gaining traction as it prepares for a significant milestone: a major exchange listing. The coin, inspired by Spotty, Telegram’s beloved mascot, has become a sensation, especially within the platform’s community, which boasts over 11.7 million active users. Since its launch in July 2024, DOGS has captured the attention of the cryptocurrency world with its vibrant community and engaging platform. The coin’s journey began with an immediate impact on Telegram. Within just three days of its introduction, DOGS amassed over 10 million users, solidifying its presence as a leading…

On-chain data aggregator Santiment has revealed that Bitcoin has reached a five-month high in one of its key metrics. Last time a similar surge happened, a BTC bull run was taking place. Currently, this increase has happened while Bitcoin is changing hands in a range above $66,000. Gigantic Bitcoin liquidity jump occurs Santiment has noticed that while the world’s largest cryptocurrency, Bitcoin, is trading above the $66,000 price line, striving to break out but to no avail so far. What the Santiment analytics team has revealed is that the level of unique Bitcoin tokens that have been transferred between wallets…

Zcash was the leading crypto token on the market cap leaderboards last week. By Tuesday, the coin remained the fifth top gainer among crypto assets behind Aptos (APT) at #4, with Sui (SUI) topping the gains for the week at +57%. ZEC’s 7-day gains Tuesday were +29%, but from trough to peak (between Aug. 5 and Aug. 12) of the most recent rally, its price gained 56% against the dollar. So why did Zcash’s price jump the most over the past week while the rest of the cryptocurrency sector had stout losses to recover from over the same period, with…

Bitcoin (BTC) price optimism is again on the rise, with positive news, predictions, and macroeconomics moving the markets. In this context, observers have spotted Bitcoin whale traders making massive buys and accumulating BTC, signaling a dominating bullish bias. Lookonchain, for example, reported that the whale address ’12QVsfAFv5RsHuqx4i9WsNGJPeiYLoN2qo’ withdrew 5,800 BTC from Binance in two days. On July 31, this amount’s nominal value was $387,88 million, currently held in self-custody by this highly capitalized investor. The most recent purchase happened 30 minutes before the reporting, withdrawing 1,300 BTC worth $85.56 million. Now, the whale repurchased the previously sold position all at…

Tory Green has been named CEO of io.net, a pioneer in Decentralized Physical Infrastructure Networks (DePIN). Stepping up from his COO position with io.net, Tory succeeds the departing Ahmad Shadid and will now guide the firm as it grows its Internet of GPUs. Tory Green brings more than two decades of expertise as a tech industry entrepreneur, investor, and C-level executive to his position as CEO of io.net. Tory Green, who held the position of COO before, has played a crucial role in steering io.net’s strategic objectives and expansion. He has amassed a lot of experience about the difficulties involved…

Trump recently announced the release of limited edition, Bitcoin-themed sneakers after his pro-crypto speech at Bitcoin 2024. Make shoes great again? Republican presidential candidate Donald Trump is riding his crypto momentum from Bitcoin 2024 and posted about his new limited-edition Bitcoin (BTC) themed sneakers. “Just spoke at the Bitcoin Conference in Nashville, Tennessee on Saturday,” Trump said on Truth Social. “Get your Bitcoin Sneakers now. These are Limited Edition, they are each numbered, and you can now pay with Bitcoin or your favorite Crypto.” ( @realDonaldTrump – Truth Social Post )( Donald J. Trump – Jul 31, 2024, 10:27 AM…

The Mt. Gox Trustee sent $2.25 billion in Bitcoin to two BitGo addresses as part of a $9 billion creditor repayment plan. After sending about $3 billion in Bitcoin (BTC) to Kraken and at least $335.8 million to Bitstamp, the defunct crypto exchange Mt. Gox also settled transfers to BitGo on July 31. It was previously unclear where the platform moved funds to as crypto.news reported. However, the Trustee’s emails to users cited on a subreddit dubbed “mtgoxinsolvency” and Akrham intelligence confirmed BitGo was the recipient. Users said BitGo balances had not reflected the payments at press time. BTC initially…

ICP’s unique market approach involves locking tokens during volatility, showing resilience and a long-term commitment from holders. ICP has yet to fully benefit from the network effect, which may indicate untapped growth potential in the crypto market. ICP’s voting power, managed by the NNS, could lead to a supply shock, presenting new arbitrage opportunities for investors. The Internet Computer Protocol is an established protocol in the cryptocurrency world, yet it remains a puzzle to many investors. Unlike Ethereum or Solana, ICP has not seen a sharp rise in value, leading many to question its place in the market. However, this…

Bitcoin sees a dramatic surge in buyer activity on Binance amid a significant increase in the Taker Buy-Sell Ratio and whale movements. Analyst Ali Martinez observed and drew attention to the trend in a recent update. This surge aligns with data on the Bitcoin Taker Buy Sell Ratio from the snapshot shared by Martinez. The Ratio, measuring buy versus sell orders, offers critical insights into market sentiment. From July 27 to July 31, the ratio fluctuated between below 0.8 and above 1.7. Periods above 1.0 indicate aggressive buying, while those below 1.0 suggest aggressive selling. Notably, spikes above 1.2 often…