Author: NBTC

The wallet associated with the German Federal Criminal Police Office (BKA) moved 5,103.5 BTC during the European hours, according to Arkham Intelligence. BTC held largely steady amid Germany’s continued divestment of coins. Bitcoin (BTC) holds steady at around $58,500 amid German state Saxony’s fresh movement of coins on-chain, having failed to keep gains above $59,000 during the Asian hours. At press time, the leading cryptocurrency by market value traded at $58,470, down 1.6% from the high of $59,450 reached at 1:06 UTC, according to data tracked by CoinDesk. Per Arkham Intelligence, roughly 15 minutes before press time, the German Federal…

Global fintech firm Elwood has been executing significant Ethereum (ETH) transfers to and from Binance in recent days, prompting speculation about the firm’s strategic motives and potential market impact. Data from blockchain analytics platform Lookonchain confirmed that Elwood deposited 26,811 ETH, valued at approximately $83.17 million, into the crypto exchange within the last three days. We noticed that Elwood(@elwood_io) deposited 26,811 $ETH($83.17M) to #Binance in the past 3 days.Another #Elwood-related address withdrew 24,463 $ETH($75.88M) from #Binance in the past 2 days.https://t.co/LvMWpxJMEhhttps://t.co/Y38nXm3wUuhttps://t.co/CdNPeJyKGI… pic.twitter.com/hlNenzEVKk — Lookonchain (@lookonchain) July 11, 2024 Simultaneously, another address associated with Elwood withdrew 24,463 ETH, worth roughly $75.88…

Tonkeeper, a leading self-custody wallet for TON blockchain, has introduced a new feature that could significantly boost the network’s adoption. Launching gasless USDT payments allows users to transact without holding Toncoin to cover network fees, simplifying onboarding to TON ecosystem. Tonkeeper Simplifies Payments on TON Tonkeeper’s gasless USDT payments improve the user experience by deducting transaction fees directly from the sender’s USDT balance, ensuring recipients receive the exact amount sent. This feature removes the need to hold Toncoin for network fees, making it easier for new users to join and increasing overall accessibility. W5, a new wallet architecture created by…

James Saye’s £500 Bitcoin investment in 2017 grew fivefold, funding a memorable Iceland vacation. Diverse success stories show Bitcoin’s potential for significant life-changing financial gains. Technology consultant James Saye was at a fork in the road in 2017. With all the talk about Bitcoin and its ability to completely change the financial industry, he made the decision to take a chance. James shared many others’ concerns about making investments in a relatively new and erratic digital currency. He put £500 into Bitcoin, though, because the possible profits exceeded his concerns. James Saye: A Nervous Start Turns Profitable James started out…

Wall Street is gearing up to introduce novel investment opportunities with Ethereum exchange-traded funds (ETFs). These spot Ethereum ETFs, led by industry giants like Bitwise Asset Management, could launch as early as this week. Many consider Ethereum ETFs as a broader bet on a technological evolution that could redefine asset management and transactions. Ethereum ETFs: The Birth of a New Asset Class Matthew Hougan, Bitwise’s Chief Investment Officer, describes this development as “the birth of a new asset class.” Moreover, Hougan believes Ethereum is an essential infrastructure for the tokenization of real-world assets. “If you want to invest in the…

Stablecoin TrueUSD (TUSD) affiliated with Justin Sun lost nearly 80% in market capitalization after crypto exchange Binance removed several trading pairs with it. TrueUSD (TUSD), a stablecoin issued by the TrustToken platform, which currently operates as Archblock, declined by 78.9% after several TUSD pairs were delisted on Binance, analysts at CCData revealed. In its latest stablecoin research report, CCData says the monthly trading volume for TUSD pairs on centralized exchanges has dropped to $569 million, representing a decline of nearly 99% since May 2023. You might also like: PayPal expands PYUSD stablecoin to Solana “Binance remains the dominant exchange that…

The German government has ruffled the feathers of the crypto community over the past week, moving vast amounts of seized bitcoin to exchanges. The transfers, coupled with Mt. Gox repayments have created a jumpy market, with bitcoin dropping to its lowest levels since February, according to data from CoinMarketCap. In protest, one Bitcoin user decided to show their contempt, sending an inscription to the German government’s address that read ‘STEUERN SIND RAUB,’ which Google translates as ‘TAXES ARE ROBBERY.’ The inscription was spotted by crypto analytics platform Arkham. Read more: German MP Joana Cotar holds BTC and says the government…

A project called Usual Money has officially unveiled its public mainnet, launching the usual usd (USD0) stablecoin. This initiative seeks to provide a decentralized alternative to traditional fiat-backed stablecoins. Usual Money Debuts USD0 Stablecoin and USD0++ Liquid Bond According to the project’s team, usual usd (USD0) is a stablecoin supported by real-world assets (RWAs), crafted to offer users a dependable and decentralized financial tool. The project also introduces USD0++, a liquid bond variant of the stablecoin, providing increased yield through ownership and governance redistribution. Users can obtain USD0, engage in liquidity pools, and earn Pills—a reward system tied to the…

After threading above the $3,000 mark for most of 2024 and even surpassing $4,000 briefly in March amid a broader cryptocurrency market surge, Ethereum (ETH) has been hit by the recent drawback as its price fell below $3,000 briefly on July 8. Despite this, ETH remains in the green so far in 2024, as it added 32.34% to its value on a year-to-date (YTD) basis. As of July 11, the previous 24 hours have brought gains of 0.75%, which helped reverse the damaging 1.86% loss during the last week. Amid the current atmosphere of fear and unpredictability, the Ethereum Rainbow…

Rome Blockchain Labs (RBL) is developing Sceptre, a private beta blockchain for data platform, while also developing Kinetic, a lending and borrowing platform. To optimize the FLR token’s functionality, the two protocols will work hand in hand. Three native reward mechanisms are built into Flare: delegating to the Flare Time Series Oracle to facilitate the supply of decentralized data to the network, staking to infrastructure providers to promote network security and consensus, and receiving monthly FlareDrops for participating in the network. Holders that use liquid staking may earn more yield in other protocols by using the liquid staked form, sFLR,…