Author: NBTC

A Bitcoin (BTC) whale turned bullish in May and recently restarted accumulating coins. The address went from a nearly $20 million worth balance to $175 million this month, holding over 2,600 BTC. Notably, the Bitcoin Whale address possibly belongs to a cryptocurrency trader, as it shows a high buying and selling activity. Historically, ‘124BPp9mTaXxTXiRx8cxEZDd4sGjoxGk9F‘ received a total of 150,435 BTC and spent 147,831 BTC—consistent trading activity since 2018. In particular, the whale sold over 2,800 Bitcoin from March to April, holding a remaining 287 BTC bearish balance. However, it started gradually stacking coins on May 3, with its most relevant…

Officially introduced to the Ethereum network on March 13, 2024 in the Dencun upgrade, blobs are a new type of data storage space designed to make rollups cheaper and more efficient. The consensus within the Ethereum community is that the best way to scale Ethereum is through rollups, also known as Layer 2s or L2’s, and that the best way to scale rollups is via the introduction of blobs. Before blobs, if Ethereum went through a period of congestion, that would also affect the price of transactions on all of its Layer 2s. The introduction of blobs removes the correlation…

In a recent survey, Worldcoin (WLD), a crypto project co-founded by OpenAI’s Sam Altman, reported that nearly 90% of its Spanish World ID holders support the return of its services. The survey highlights the importance of digital proof of humanness and Worldcoin’s efforts to protect privacy and data. Survey Highlights Spanish Users’ Trust in Worldcoin Tools for Humanity (TFH), Worldcoin’s contributor, surveyed over 21,000 Worldcoin users in Spain in late May via World App. The survey explored users’ perceptions of Worldcoin, biometrics, proof of humanness, and data privacy protection. Results indicate that 73% of respondents have confidence in Worldcoin’s capability…

Mauricio Di Bartolomeo, co-founder and CSO of Ledn, a Canada-based bitcoin lending platform, stated that Latam citizens are shifting to elect governments supporting bitcoin as a better money alternative. In an interview with Bitcoin News, Di Bartolomeo stressed that presidents like Bukele in El Salvador and Milei in Argentina have shown Latam that proposals including bitcoin and currency competition can work for the betterment of the people. Lend Co-Founder Mauricio Di Bartolomeo: The Upcoming Election Cycle In Latam Will Be Heavily Influenced by Bitcoin Mauricio Di Bartolomeo, co-founder and CSO of Ledn, a Canada-based crypto lending platform, has predicted that…

The recent 9.3% rise in the price of Bitcoin, which pushed it over $67,000 per BTC by the end of the week, has sparked new discussions among financial experts. This is the first significant weekly increase since early March, following a period of decline after an all-time high of $74,000 per BTC was hit. Peter Schiff, a prominent precious metals advocate and cryptocurrency critic, dismissed the significance of Bitcoin’s recovery. He noted that silver has gained more than 21% since the beginning of April, compared to cryptocurrency’s modest gain of less than 2% over the same period. Schiff argued that…

Ethereum co-founder Vitalik Buterin has an estimated net worth of at least $552.86 million as of January 2024, according to a report by cryptocurrency tracking platform Arkham. Buterin, who has been active in crypto for more than a decade, is credited with founding Ethereum. He began working in crypto in 2011, at the age of 17, when he founded Bitcoin Magazine with Mihai Alisie, who would later co-found Ethereum. Besides Bitcoin Magazine, Buterin and Alisie worked on Egora, a decentralized eBay for Bitcoin. Buterin is reportedly unhappy with Bitcoin’s limitations, such as its limited scripting language, which restricts its ability…

In a significant move, a colossal sum of 50 million XRP tokens was mysteriously withdrawn from Binance, the world’s leading crypto exchange. This withdrawal is part of a broader trend of XRP whale activity observed in the last 24 hours, which has seen a surge in large transactions involving the crypto asset. Crypto data tracker Whale Alert reports a massive 50 million XRP being shifted from Binance to unknown wallets in two transactions. A total of 24,887,349 XRP worth $13,076,779 and 25,371,334 XRP worth $13,365,853 were transferred from Binance to unknown wallets in two separate transactions. 🚨 24,887,349 #XRP (13,076,779…

U.S. District Court Judge Amy Berman Jackson is allowing U.S. the Securities and Exchange Commission’s (SEC) lawsuit against Binance to proceed. However, Judge Jackson also dismissed certain charges in the case. The SEC accuses Binance of offering unregistered broker, trading, and clearing services for digital asset securities in the U.S. In its ruling, the court upheld charges related to Binance’s initial coin offering (ICO), ongoing sales for BNB, BNB Vault, and staking services, as well as allegations of failure to register and fraud. But Jackson also granted Binance’s motion to dismiss charges concerning secondary sales of BNB and Simple Earn.…

Ethereum gaming platform Immutable announced Tuesday that it has partnered with Marblex, the blockchain gaming arm of South Korean gaming giant Netmarble, with the parties collaborating to migrate the Marblex ecosystem and its top games to Immutable zkEVM. Ni no Kuni: Cross Worlds, A3: Still Alive, and Meta World: My City will migrate from layer-1 Klaytn blockchain to Ethereum layer-2 network Immutable zkEVM, which is powered by Polygon’s zkEVM scaling tech. “This is one of the most significant partnerships we’ve made to date,” said Immutable co-founder and President Robbie Ferguson, in a release. “South Korea is an exciting hub of…

On June 30, the Ethereum network recorded its lowest fees since 2016. According to data provided by Etherscan, the average gas fee is currently sitting at just 3 Gwei ($0.14), according to data provided by Dune Analytics. Gas fees refer to the cost of various operations on the Ethereum blockchain. By paying gas fees, users help to ensure the security of the network. Apart from incentivizing validators, gas fees are also meant to prevent various spam attacks. During the 2021 bull run, Ethereum’s gas fees were exorbitantly high due to high demand in the non-fungible sector (NFT). This prompted some…