Author: NBTC

The Dogecoin community is enveloped in a somber mood as they bid farewell to Kabosu, the Shiba Inu who became the face of the beloved “Doge” meme. The news of Kabosu’s passing was met with an outpouring of tributes, with Robinhood, a popular stock brokerage app, joining in to post a tribute to the canine icon. The Robinhood official X account posted the message “RIP 2005-2024” to express condolences for the lovable canine that had captured the hearts of millions worldwide. RIP 2005-2024 🙏 https://t.co/pdoNBYFYhc — Robinhood (@RobinhoodApp) May 24, 2024 Kabosu, who died at the age of 18, was…

The price of Ethereum (ETH) has surged past $3,500, marking an 11% increase over the past week, TradingView’s data shows. The rally follows CBOE’s announcement that five spot Ethereum exchange-traded funds (ETFs) will start trading on the exchange on July 23. Source: TradingView With ETF issuers submitting their final S-1 forms, Bloomberg ETF analyst Eric Balchunas suggested several spot Ethereum ETFs could debut on July 23, exactly two months after the SEC greenlit the first batch of spot Ethereum ETFs. The coming launches on CBOE include Fidelity Ethereum Fund (FETH), Franklin Templeton Ethereum ETF (EZET), Invesco Galaxy Ethereum ETF (QETH),…

Key Points: Cathie Wood’s Ark Invest sold 16,758 Coinbase shares worth $4.32 million amid market volatility. Bitcoin prices have fluctuated due to Mt. Gox wallet activity and German Bitcoin sales but rebounded to around $66,700. Despite volatility, there’s optimism for a recovery with a potential Fed rate cut in September, as Ark Invest adapts its strategy. Cathie Wood’s Ark Invest Reduces Coinbase Holdings Amid Market Volatility On July 19, Ark Invest’s ARKW fund sold 16,758 shares of Coinbase, equating to approximately $4.32 million based on the closing price of $257.79 per share on that day. This decision comes as Bitcoin…

Russian President Vladimir Putin warned that crypto mining could lead to significant power shortages in some regions of the country while calling for an expansion of its central bank digital currency (CBDC), the digital rouble, in a July 17 meeting. Putin said that Bitcoin and other crypto mining facilities’ uncontrolled electricity consumption is already causing power shortage issues in several areas, including the Irkutsk region, Buryatia, and Trans-Baikal Territory. He called the issue “acute and fraught with serious consequences” to enterprises, residential areas, and social facilities, potentially halting investment and infrastructure projects. Putin noted that crypto mining in Russia uses…

Last night, the German Government received back 1,915 BTC, valued at $111.5 million, from addresses linked to major cryptocurrency exchanges Kraken, Bitstamp, and Coinbase. German government’s Bitcoin moves have been making waves in the crypto market since the beginning of this month. Update: German Government BTC MovementsGerman Government wallets received 1915 BTC ($111.5M) last night back from addresses linked to Kraken, Bitstamp and Coinbase.1047.4 BTC ($57.2M) has been moved out of their wallets this morning:-547.4 BTC ($30.1M) to Flow Traders-500… pic.twitter.com/e6ARrAh4Td — Arkham (@ArkhamIntel) July 5, 2024 Germany Transfers 1,047.4 BTC, Allocates 547.4 BTC to Flow Traders This morning, they…

Ethereum (ETH) is currently showing signs of recovery after a recent sell-off phase. This has led to a notable rebound, suggesting the potential for a continued uptrend. The launch of five spot Ethereum exchange-traded funds (ETFs) on the Chicago Board Options Exchange (CBOE) marks a significant milestone for the cryptocurrency market. These five spot Ethereum ETF products, including 21Shares Core Ethereum ETF, Fidelity Ethereum Fund, Invesco Galaxy Ethereum ETF, VanEck Ethereum ETF, and Franklin Ethereum ETF, will begin trading on July 23. This launch has generated considerable excitement among investors, as industry experts predict significant price movements for Ethereum driven…

Robert Kiyosaki, known as the author of “Rich Dad, Poor Dad” and a harsh critic of Fed Reserve, once again stressed that the best time to get rich is approaching. As real estate markets crash, he highlights the importance of making money in your sleep — a key lesson from his Rich Dad character. According to Kiyosaki, the time to generate passive income is now. Kiyosaki’s receipt is well-known. He believes Bitcoin, along with gold and silver, is essential for preserving and growing wealth in these turbulent times. Once a crypto skeptic, the writer now calls Bitcoin “people’s money” and…

In the volatile world of cryptocurrency trading, certain figures stand out for their strategic acumen and timing. Lookonchain, a leading on-chain analytics platform, has recently provided an insightful glimpse into the trading activities of one such individual, known by his handle jwynn.eth (JamesWynnReal on X). Recognized for his savvy market moves, James Wynn has become a notable figure in the crypto trading community, particularly through his interactions with the meme token PEPE. Strategic Moves and Market Insights James Wynn’s recent transaction involving the deposit of a significant amount of PEPE tokens into Binance was highlighted by Lookonchain, indicating his belief…

Marc Andreessen and Ben Horowitz, co-founders of the prominent venture capital firm Andreessen Horowitz (a16z), have publicly endorsed former President Donald Trump due to his supportive policies regarding technology, including crypto and AI. The two founders announced their support on July 17 during an appearance on “The Ben & Marc Show” podcast. The decision marks a significant departure for Andreessen, who has a history of endorsing Democratic candidates. The endorsement is based on the belief that Trump’s policies are more advantageous for the technology sector and comes amid increasing support for the former President in Silicon Valley. Horowitz acknowledged the…

Based on Glassnode’s data, cryptocurrency analyst Leon Waidmann of BTC-ECHO platform indicates massive accumulation interest of Ethereum (ETH) investors. Owners of ETH bags are moving them out of exchanges, which typically is a strong bullish indicator. $126,000,000 in week: Ethereum (ETH) investors drained exchange reserves Ethereum (ETH) investors are withdrawing their riches from exchanges at an increased pace. As the multi-month trend gained traction, centralized crypto platforms lost $126 million in equivalent in just seven days. The report was shared by Leon Waidmann, a seasoned cryptocurrency analyst, with his X followers. This trend started in March 2024, but it gained…