Author: NBTC

El Salvador, a Latin American country famous for adopting Bitcoin (BTC) as its legal tender, recently made a significant move in its cryptocurrency investment strategy. The government now offers public access to Bitcoin investment data through a personalized mempool. The latest mempool data reveals that El Salvador currently holds 5,748.76 BTC valued at over $352.8 million. El Salvador Adds Transparency to Its Bitcoin Investments The Bitcoin Office, a Salvadoran government-owned body aimed at managing all projects related to BTC, announced this new feature through their official X (Twitter) account on May 12. “El Salvador now has its own mempool space…

According to on-chain analytics firm Santiment, Ethereum (ETH), the second largest cryptocurrency by market capitalizationб has just set a major milestone – this time in staking. Staking refers to the act of depositing 32 ETH to activate validator software. However, there is some flexibility, as any user with any amount of ETH can help secure the network, while earning rewards based on how much they want to stake. While 32 ETH might be required to activate being a validator, it is possible to stake less. Validators are responsible for storing data, processing transactions and adding new blocks to the Ethereum…

Fabio Panetta, a member of the European Central Bank’s Governing Council, recently took aim at Bitcoin and Ethereum, the two largest cryptocurrencies, during a Tuesday conference that took place in Rome. According to Panetta, these two leading cryptocurrencies have no intrinsic value and cannot perform monetary functions. This is not the first time that Panetta has criticized the fledgling cryptocurrency industry. As reported by U.Today, he lambasted the adverse environmental impact of Bitcoin mining back in 2021, claiming that it could undermine global sustainability efforts. In an interview with the Financial Times, he called Bitcoin “a very dangerous animal.” Panetta…

A cryptocurrency trader has managed to take advantage of the launch of a red-hot celebrity-themed token to capture a large percentage of its total supply, which they used to turn less than 1 ETH into over $350,000. According to available blockchain data, the trader took advantage of the launch of a Caitlyn Jenner-themed token trading under the ticker symbol $JENNER, and promoted by Caitlyn Jenner herself on social media. $Jenner is live NOW on $ETH. Official contract address to trade now: 0x482702745260Ffd69FC19943f70cFFE2caCd70e9 pic.twitter.com/9Bz9DCFvqz — Caitlyn Jenner (@Caitlyn_Jenner) May 30, 2024 The cryptocurrency trader managed to use roughly $3,200 – 0.85…

Recently, Asphere (the firm operating under a team behind the cross-chain infrastructure platform Ankr) announced an exclusive project. Asphere is launching an advanced no-code deployment service within its Rollup-as-a-Service platform. The service is aimed at enabling developers to efficiently manage and deploy both mainnets and testnets. This feature eliminates the requirement for complicated infrastructure management and coding. Asphere Partners with Arbitrum to Release No-Code Deployer Application The initial functionality of the tool will take into account the capability to release Arbitrum Orbit rollups within minutes. In this respect, the platform will stand among the entities having prominent and efficient scaling…

A widely followed crypto strategist believes that the leading altcoin Ethereum (ETH) is close to carving a mid-cycle bottom. In a new video update, pseudonymous analyst Bluntz tells his 264,400 followers on the social media platform X that Ethereum is about to conclude its ABC corrective wave. Bluntz practices the Elliott Wave theory, which states that a consolidating asset tends to witness an ABC correction before igniting a fresh five-wave surge. “Looking at ETH/USD, we’re basically down here at the lows again, but I think it would be very odd if we just moved up from here… I think ultimately…

Tesla (TSLA) has emerged as a top performer in the S&P 500, inflicting significant losses on short sellers who have bet against the electric vehicle manufacturer that has invested in Bitcoin. Since releasing its second-quarter delivery report on July 2, Tesla’s stock has surged over 25%, building on gains exceeding 44% performance over the last 30 days. This dramatic price increase led to an estimated $5.7 billion in unrealized losses for short sellers targeting the company. Tesla also witnessed a surge in short interest, according to stock market data tracker Ortex, first reported on by Finbold, which reached 3.84% last…

This year, the supply of the stablecoin tether has surpassed the $100 billion mark, and today, the leading dollar-pegged token boasts a market valuation of $111.9 billion. The majority of this supply resides on Tron, with the network hosting $58 billion in tethers, while Ethereum accounts for $51 billion. This editorial examines the top wallets on both networks and identifies the largest tether holders today. The Distribution of Tether’s 111 Billion Supply on 2 Major Networks While there are 111.9 billion tethers in circulation, the bulk of them are on the Tron and Ethereum networks. Currently, Tether’s transparency page reports…

Berlin, Germany – Safe, the innovative smart wallet infrastructure team behind Safe{Core}, which secures over $100 billion in digital assets on Safe{Wallet}, has unveiled the Safe{Core} Gas Station program in collaboration with Pimlico. This initiative aims to cover network transaction costs (gas fees) for early-stage developers building with smart accounts, supported by leading blockchains like Polygon PoS and Gnosis Chain.—The Safe{Core} Gas Station program allocates $250k in gas fee credits, with $200k earmarked for Polygon PoS developers and $50k for Gnosis Chain developers. By leveraging the ERC-4337 standard for account abstraction, originally conceptualized by Vitalik Buterin and Ethereum developers, Safe{Core}…

The Bitcoin Asia 2024 conference in Hong Kong attracted a large crowd of enthusiasts and especially investors from mainland China. According to a recent report by the South China Morning Post, the organizer estimated that out of the 5,500 people who confirmed their attendance before the event, about half came from the country’s mainland. Hong Kong Bitcoin ETFs Appeal to Mainland Attendees The conference, organized by Bitcoin Magazine, aimed to showcase the evolving landscape of cryptocurrency investments in Asia. It featured discussions centered around the implementation and implications of the new spot Bitcoin exchange-traded funds (ETFs) launched in Hong Kong.…