Author: NBTC

Ethereum (ETH) whales have started to make major moves amid the ongoing uncertainty on the market. Per the latest tweet from Whale Alert, 11,215 ETH were transferred from an unknown wallet to crypto exchange Coinbase earlier today. This latest ETH transaction is estimated to be worth around $34.35 million. It is a major move as it appears that the whale has shifted ETH in order to trigger a sell-off. Moreover, the timing of this sell-off is crucial as it comes amid the recent market crash. The broader crypto market has been consolidating after last week’s crash. The price of Ethereum,…

In a move that has sparked widespread debate, the German government recently intensified its Bitcoin sell-off, transferring approximately $75 million to major exchanges such as Coinbase, Kraken, and Bitstamp. This effort is part of a larger strategy, with $315 million in bitcoin sold since mid-June, bringing total sales to over $390 million in less than a month. Despite market concerns, these transactions represent only a small portion of Germany’s holdings, which still include 40,359 bitcoins. The German government reversed course by moving back 1,915 bitcoins worth $111.5 million. This unexpected decision follows weeks of significant bitcoin sales that had already…

In the shadow of the Notcoin (NOT) rally fueled by in-game activities and rewards, some large meme coins yet again made it into the lists of the top performers. As all eyes are on Solana (SOL) again, Dogwifhat (WIF) outperforms all competitors in the mid-cap altcoin scene. Dogwifhat (WIF) becomes top gaining crypto amid mid-caps In the past seven days, the capitalization of Dogwifhat (WIF), the biggest Solana-based meme crypto, soared by 25.9%. Yesterday, the WIF price touched a seven-week high over $4 on major spot exchanges. As such, WIF becomes the undisputed best perfomer of the past week amid…

Last month, bitcoin mining company Core Scientific (CORZ) signed a 200 megawatt (MW) artificial intelligence (AI) deal with cloud computing firm CoreWeave, the former agreeing to modify some of its existing infrastructure to host the latter’s GPUs for high performance computing operations. Miners, bitcoiners, and technologists have been talking about the overlap of AI and Bitcoin for a while and this Core-to-Core deal marked the official collision of these two (potentially) over-hyped and over-frothed industries. The union makes perfect sense: Bitcoin miners have built out robust data centers, complete with attractive energy contracts, and as bitcoin mining trends towards lower…

The US House Armed Services Committee’s latest National Defense Authorization Act (NDAA) draft for fiscal year 2025 includes significant provisions for exploring blockchain technology’s role in national security and defense applications. A committee-approved draft was sent to the full House for consideration, and the Senate Armed Services Committee advanced it to the Senate floor on July 9. It states, “The committee acknowledges the potential uses of blockchain technology for broader national security purposes within the defense landscape.” The first mention of blockchain technology in the NDAA occurred in the fiscal year 2018, denoting the initial recognition of this technology within…

In a surprising turn of events today, a substantial amount of Bitcoin — 1,000 BTC, valued at around $62 million — was observed being transferred from a Tron DAO account to an unfamiliar wallet identified only as “16aFk.” This sizable transaction, flagged by Whale Alert, sparked intrigue within the cryptocurrency community. What adds to the mystery is the alleged involvement of Huobi, a prominent exchange platform, in the chain of transfers. Sources indicate that the unknown Bitcoin wallet may indeed be linked to Huobi, deepening the mystery surrounding the destination of the digital funds. 🚨 🚨 🚨 1,000 #BTC (60,945,662…

Exponential, best known as a crypto risk assessment platform, is launching a new product suite designed to make the world of decentralized finance (DeFi) less daunting for retail traders. The new platform, which has been available to a small number of beta testers for the past year, aims to serve as a one-stop shop for traders to identify, learn about and invest in crypto opportunities. According to Driss Benamour, Exponential’s CEO and co-founder, the company began two and a half years ago when his other co-founder, Exponential president Medhi Labbar, was managing a fund for friends and family and was…

Ethereum (ETH) continues to command robust trading volume despite a recent 3% drop over the last 24 hours and the current bearish pressure. The current market condition has not been especially favorable to Ethereum, the second-largest cryptocurrency. As one of the leading crypto assets, ETH has been at the forefront of the ongoing selloffs. Consequently, the token has dropped 10.33% this month, struggling to retain the $3,000 threshold. This month’s price collapse follows an 8.62% close to June, which saw Ethereum give up the $3,700 and $3,500 psychological territories. Ethereum’s downturn is a product of its price correlation with Bitcoin…

Rome, a crypto startup project aiming to use Solana as an auxiliary network to provide services to layer-2 blockchains built atop Ethereum, emerged from stealth and announced it has raised $9 million of funding from top-tier investors. The financing was provided by Hack VC, Polygon Ventures, HashKey, Portal Ventures, Bankless Ventures, Robot VC, LBank, Anagram, TRGC, Perridon Ventures, as well as notable angels including Anatoly Yakovenko, Nick White, Santiago Santos, Comfy Capital, Austin Federa, Jason Yanowitz, according to a press release shared first with CoinDesk. Rome, founded by Anil Kumar and Sattvik Kansal, aims to set up Solana as the…

Ripple CEO Brad Garlinghouse expresses confidence in the company’s upcoming stablecoin prospects, including the likelihood for the token to gain a significant share of the stablecoin market. In a viral video making rounds in the XRP community, Garlinghouse said that even though Ripple has not revealed the name of its upcoming stablecoin, he is confident that the asset could gain dominance in the stablecoin market. “I’m very optimistic that there is a lot of market share there for it [stablecoin]. There is a lot of growth [for the upcoming stablecoin], so I’m excited,” Garlinghouse remarked. Garlinghouse’s confidence stems from Ripple’s…