Author: NBTC

According to cryptocurrency analytics platform Lookonchain, a long-dormant wallet has sprung back to life after six years in order to deposit 1,000 BTC ($61.55 million) into Coinbase Prime just hours ago. The latest transfer comes after a few other notable Bitcoin transactions that took place earlier this week. As reported by U.Today, the US government recently sent roughly $241 million worth of Bitcoin to Coinbase on June 26. Despite some concerns from the community, the transfer did not trigger a significant price move. On July 27, an extremely rare transfer took place, with $3 million worth of Bitcoin that was…

India’s central bank, the Reserve Bank of India (RBI), has revealed that as of June, there were five million digital rupee users and 420,000 merchants participating in the retail central bank digital currency (CBDC) pilot. The RBI emphasized that the digital rupee is designed to complement cash and existing payment systems, serving both wholesale and retail sectors. Digital Rupee Garners 5 Million Users The Reserve Bank of India (RBI) released a report on Currency and Finance 2023-24 on Monday. One of the key highlights was the progress of the central bank digital currency (CBDC) pilot, also known as the digital…

A top cryptocurrency analyst and trader is expressing bearish sentiment on Bitcoin (BTC). The analyst pseudonymously known as DonAlt tells the 60,500 subscribers of the Technical Roundup YouTube channel that Bitcoin is likely to lose a key psychological support level and crumble below $60,000. The pseudonymous analyst and trader says, “I think if this range [between $60,000 and $73,800] breaks to the downside you should expect… at least 120 days of down/sideways movement. That’s kind of like you have a long, long big range, starts breaking down, starts getting accepted lower.” DonAlt says that in the worst-case scenario, Bitcoin could…

Azerbaijan is taking a cautious approach to the development of a central bank digital currency, citing concerns over monetary policy and financial stability. The Central Bank of Azerbaijan hasn’t made plans to issue a central bank digital currency at this time, although it’s actively observing the experiences of banks in other countries, local media reports citing central bank governor Taleh Kazimov. During a press conference on July 31, Kazimov expressed interest in the technological potential of CBDCs but emphasized a preference for observing international developments and pilot projects before making any decisions. “We are not currently planning to issue a…

Looking at crypto news headlines, it would seem initially that Solana has firmly established itself as the home of DePIN. From Hivemapper to Helium, some of the most well-known DePIN projects are built on this blockchain. But when we explored Solana as a blockchain on which to build our project, something didn’t quite add up. So, after getting our analytical hats on and running the requisite due diligence checks, we decided to go with Sui over Solana. This op-ed is part of CoinDesk’s new DePIN Vertical, covering the emerging industry of decentralized physical infrastructure. The first thing that gave us…

While the stablecoin economy experienced tepid growth in June, it expanded by $344.15 million over the past seven days. Paypal’s PYUSD, currently the eighth largest stablecoin by market capitalization, led the growth over the past 30 days, increasing 41.2% to reach $585.25 million. Stablecoin Economy Grows as Bitcoin and Ethereum Prices Rise Bitcoin and ethereum prices rose 12.4% and 11.2%, respectively, against the U.S. dollar over the last week. Alongside this increase, the stablecoin economy grew by 0.21%. On July 10, 2024, the stablecoin market was valued at $162.81 billion; today, July 17, it stands at $163.16 billion. Tether (USDT)…

Over 20 companies engaged in Bitcoin (BTC) mining, the process of extracting the oldest cryptocurrency for profit, are now listed on global stock exchanges. Wall Street is home to the vast majority of them, and it’s where we find the largest publicly traded BTC miners. But which one is the biggest? Let’s find out! Marathon Digital Holdings (NASDAQ: MARA) is the undisputed leader in the industry, with a market capitalization approaching $6 billion. The company’s stock has gained more than fivefold since its low at the end of the crypto winter, currently trading at around $20 per share. CleanSpark (NASDAQ:…

Outstanding Bitcoin supporter Samson Mow has taken to his X handle to remind the global crypto community about his expectations for Bitcoin to reach $1 million. Earlier this month, Mow predicted that the world’s leading cryptocurrency was going to reach $1 million next year. Later, in an interview, however, he added that even if it does not happen this year or in next one, this historic price peak will be taken by BTC very soon. Samson Mow expects Bitcoin to hit $1 million Mow, has reposted a tweet about an X user urging BTC to skyrocket to $1 million. The…

Ledn processed over $1.16 billion in digital asset loans in the first half of the year. The bitcoin halving and the launch of ether ETFs in Asia drove increased demand for the company’s services in the second quarter. The platform saw a 29.8% jump in retail lending in Q2. Ledn, a crypto lending platform, processed over $1.16 billion in digital asset loans in the first half of 2024, the company said on Thursday. Events such as the recent bitcoin (BTC) halving and the launch of ether (ETH) exchange-traded funds (ETFs) in Asia contributed to growing demand for the company’s services…

A leading cryptocurrency self-custody wallet, Tangem, has recently announced it added support for Cardano native tokens, in a move that allows users to secure store and manage their ADA holdings alongside Cardano-based assets like Iagon (IAG) and SingularityNET (AGIX). In a post published on the microblogging platform X (formerly known as Twitter), the team behind Tangem urged users to update their mobile apps to take advantage of this new functionality. The update enables users to find and manage their Cardano tokens within the “Manage Token” section. Staking for Cardano is notably not yet available on the wallet, although Tangem assured…