Author: NBTC

Spot Bitcoin exchange-traded funds in the United States experienced a slowdown in net inflows on Sept. 16, while spot Ether ETFs saw outflows again as bears dominated the market sentiment yesterday. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged net inflows of $12.9 million, 95% lower than the $263 million inflows recorded the previous trading day. BlackRock’s IBIT, the largest BTC ETF, led the lot again with $15.8 million in inflows after 10 days of no positive flows seen by the fund. Fidelity’s FBTC followed with $5.1 million flowing into its fund. Notably, the ETF was the…

The investment aims to diversify Floki Inu’s assets. Floki Inu recently became the official partner of Nottingham Forest F.C. Floki Inu has recently introduced a new DAO proposal, recommending a $200,000 investment from its treasury into Simon’s Cat Token. This proposal signifies a strategic move aimed at expanding Floki Inu’s investment portfolio and supporting promising new projects in the crypto space. According to the official Floki Inu page, the investment is intended for participation in the private sale of Simon’s Cat Token. This early-stage involvement is designed to capitalize on the token’s potential for significant returns. Simon’s Cat Token, a…

Bitcoin price recorded a slump of over 4% on Friday as selling pressure intensified in the market. BTC slipped from $65,000 levels straight to the $60,000 zone as the bankrupt crypto firm Genesis completes restructuring. Digital assets lender Genesis Global and its companies have completed bankruptcy reorganization and started distributing about $4 billion in crypto and cash to creditors. This includes payments made to Ether (ETH) and Solana (SOL) creditors. Genesis distributes $4B in Bitcoin, ETH and more Genesis announced the commencement of repayment by distributing $4 billion to creditors and mentioned that the plan does not seek to cap…

Limitless Network, a fledgling entrant to the booming prediction market business, raised $3 million in a pre-seed round led by early stage venture fund 1confirmation. Paper Ventures, Collider and Public Works participated in the round, said CJ Hetherington, co-founder and CEO of Limitless Labs, the company building the market on top of Base, the layer-2 blockchain network created by crypto exchange Coinbase (COIN). The raise comes at a time when election betting, particularly the kind denominated in cryptocurrency, is all the rage, led by Polymarket, which has amassed nearly $1 billion of wagers on the outcome of the U.S. presidential…

TL;DR:The IOTA Foundation has successfully completed the final phase of the European Blockchain Pre-Commercial Procurement. Alongside our fellow finalists Chromaway and Billon, we’ve developed pre-commercial products for Intellectual Property Rights Management and Digital Product Passports, demonstrating scalability and sustainability. We are now in conversations with commercial partners to further support and drive this important European initiative in its new governance form as EUROPEUM-EDIC. We’re thrilled to announce that IOTA has successfully completed the third and final phase of the European Blockchain Pre-Commercial Procurement (PCP). In 2021, we were selected as one of seven projects from 30+ applications to participate in…

Bitcoin’s (BTC) attempt at a modest rally during US trading hours on Friday was swiftly quashed. The largest cryptocurrency experienced a sharp drop, falling from $65,000 to below $62,000. This sudden decline triggered a wave of liquidations, erasing $290 million in both long and short positions over the past 24 hours. Bitcoin Sinks Below $61,000 The recovery rally ahead of the FOMC meeting and positive July CPI data fostered a bullish sentiment. However, the long-anticipated rate cut was delayed, with the next possible decision in September. Consequently, the excitement in the crypto market subsided quickly, leading to a bearish turn…

OMFIF also found that 65% of its respondents believed that bonds were the most likely to be tokenized. Countries have been describing blockchain and tokenization as the future; experiments have been conducted by the U.K. and Bank for International Settlements. According to a survey done by the Official Monetary and Financial Institutions Forum (OMFIF) most respondents believe that a substantial level of tokenization will arrive in three plus years. The survey consisted of a range of market participants and “92% believe that financial markets will experience a substantial degree of tokenization at some point, although all said that it is…

Tron (TRX), the layer-1 network, has shocked the broader cryptocurrency market with its record USDT transaction outlook. An update from Arkham Intelligence on X shows that a staggering $1 billion worth of USDT has been minted on the Tron blockchain. Zero fees: Tron’s game-changing advantage This astonishing figure comes with a catch: it attracted zero fees. This remarkable feature of TRX explains its preference by users on the network. In comparison to other blockchains like Cardano, Solana, Ethereum and XRP, the blockchain has won over many users because of its cheaper USDT transaction rate. Besides, Tron has a massive stablecoin…

FSL and Mythos Foundation have joined forces in a partnership dealing with esports and Web3 gaming projects. FSL, the platform that created STEPN GO and STEPN, has an intention to incorporate Mythos Chain onto its MOOAR and FSLID as well as Mythical on interoperable and co-branded assets to link the FSL and Mythos communities. This endeavor will reportedly unlock improved user experiences. FSL and Mythos Foundation Start an Exclusive Collaboration The initiative targets the promotion and decentralization of esports and Web3 projects as a collaborator entity. It also intends to fortify the relationship between FSL and Mythos Foundation. The partnership…

In a recent analysis, BRN analyst Valentin Fournier suggested that Bitcoin could revisit the $62,500 support level in the near future. Fournier noted that the market appears to be in an accumulation phase and no significant directional movement is expected at this time. “We believe the market is currently in an accumulation phase and will potentially retest the $62,500 support in the near future,” Fournier said. “Since no major move is expected, we recommend reducing exposure.” Looking forward, Fournier hinted at a more optimistic medium-term outlook. He suggested that as Bitcoin accumulates liquidity, BTC could surpass the $70,000 resistance level.…