Author: NBTC

Shiba Inu (SHIB) tops the trading charts on WazirX for May 2024, surpassing Bitcoin (BTC), Pepe, and Floki in trading volume. In May 2024, the crypto market witnessed a significant shift in trading patterns on WazirX, India’s leading crypto exchange. Shiba Inu emerged as the most traded coin on the platform, surpassing other notable cryptocurrencies like Bitcoin (BTC), Floki, and Pepe. Top five traded coins on WazirX in May’24: 🚀 $SHIB🚀 $BOB🚀 $PEPE🚀 $FLOKI🚀 $BTC Which one did you trade the most? pic.twitter.com/fQlfhUhRrt — WazirX: India Ka Bitcoin Exchange (@WazirXIndia) June 5, 2024 Top Five Traded Coins Following closely behind…

An XRP exchange-traded product (ETP) has launched on Nasdaq Stockholm, the premier stock exchange in the Nordic region. In an official press statement on Tuesday, Swedish digital asset manager Virtune disclosed the debut of its Virtune XRP ETP on Nasdaq Stockholm. The Virtune XRP ETP aims to offer investors a way to tap into the performance of XRP, the seventh-biggest crypto project with a valuation of over $26.63 billion. XRP ETP Starts Trading on Nasdaq Stockholm The report noted that the newly launched XRP ETP is fully collateralized and 100% backed by physical XRP tokens. Virtune has partnered with leading…

Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate following the halving event. Despite this, the industry saw significant efficiency improvements and notable market activity, according to a Coinmetrics report. Bitcoin Mining Faces Pressures and Efficiency Improvements in 2024 Second Quarter In the aftermath of Bitcoin’s halving in April 2024, the network’s 30-day moving average hashrate dropped by 7%, from an all-time high of 626 exahash per second (EH/s) to 580 EH/s. Coinmetrics researchers say the decrease in hashrate highlights the pressures faced by miners as they adapt to reduced block rewards and…

Jaffe Tilchin Investment Partners was one of several firms that disclosed investments in spot Bitcoin ETFs on May 16. The Florida-based investment manager and insurance services advisor revealed it invested $11.3 million in spot Bitcoin ETFs during the first quarter — comprising $9.8 million in BlackRock’s IBIT and $1.6 million in Grayscale’s GBTC. Separately, Nebraska-based investment advisor WealthPlan disclosed a $2.2 million investment in GBTC, while Skyview, a New Jersey-based investment advisor, disclosed a $1.3 million investment in GBTC. Texas-based Comerica Bank reported $647,000 invested across four funds, including $361,395 in GBTC, $225,013 in IBIT, $33,219 in Ark’s ARKB, and…

An unfortunate user has been drained of their non-fungible tokens, worth hundreds of thousands of dollars, in a sophisticated phishing scam on the Blur marketplace. The loss, reported by 0xQuit on X, formerly Twitter, involved six Bored Ape Yacht Club NFTs, 40 Beanz, and three Elementals, all listed at one wei each — effectively zero. Based on current floor prices for each asset, the total sum amounts to roughly $239,676. Wei is the smallest unit of ether on the Ethereum blockchain. The scam was orchestrated by an unknown entity, who exploited a loophole in Blur’s listing system to enable private…

Paul Dietrich, the chief investment strategist at B. Riley Wealth Management, recently painted a concerning picture of the stock market, suggesting a potential decline far exceeding those seen in the early 2000s and 2008 and potentially the worst one Wall Street has seen over the past century. Dietrich, in his latest commentary, argued that the market is currently experiencing a bubble fueled by speculation and excitement surrounding a small number of technology companies including Nvidia and Microsoft, rather than sound fundamentals like corporate earnings growth. He pointed to historically high valuations, including the S&P 500’s price-to-earnings ratio and the inflation-adjusted…

RWA altcoins, which have been one of the most talked about topics in the market recently, have also become very popular among investors and developers. At this point, cryptocurrency analysis platform Santiment listed the altcoins that developers focused on the most in the last 30 days. Accordingly, Chainlik (LINK) ranked first on the list, followed by Synethetix (SNX) and Centrifuge (CFG). According to the list shared by Santiment, the RWA altcoins with the highest developer activity in the last 30 days are listed as follows: “Here are the top RWA tokens according to crypto evolution. While Chainlink (LINK) still remains…

The cryptocurrency exchange Binance has announced a new partnership with the Hong Kong Police Force’s Organized Crime Bureau (OCTB). This collaboration was marked by a law enforcement sharing session held at the Hong Kong Police Headquarters on June 27, 2024. The initiative underscores Binance’s dedication to security and compliance, as well as OCTB’s appreciation for the exchange’s efforts to enhance the security of the crypto sector. The partnership aims to fortify connections with global law enforcement agencies to tackle emerging threats. Contents hide 1 Strategic Partnerships with Law Enforcement 2 Ongoing Education and Awareness Initiatives 3 Significance for Users and…

Northern Data AG, a German firm specializing in high-performance computing infrastructure, is evaluating the possibility of launching a U.S. initial public offering (IPO) for its AI cloud computing and data center units. The potential valuation for this IPO could reach as high as $16 billion, according to Bloomberg News sources. Northern Data Eyes US IPO Northern Data is considering combining its cloud computing branch, Taiga, with its data center operations, Ardent, to form a new firm for a prospective U.S. IPO. The combined entity may be listed on the Nasdaq as early as the first half of 2025. This decision…

Julio Monero, an analyst at CryptoQuant, has highlighted a pivotal moment for Bitcoin as it approaches a crucial price marker. According to his analysis, Bitcoin is attempting to breach the trader’s realized price, which is around $66,000. This price point represents the average purchase cost of Bitcoin for traders, often visualized as a pink line on price charts. Monero’s insights suggest that this level is significant because traders have no unrealized profits left to secure at current levels — they face only potential losses if they decide to sell now. This scenario sets a fascinating stage for Bitcoin’s price action.…