Author: NBTC

The German government intensified the sell-off of its Bitcoin holdings Tuesday and transferred a total of 282.74 BTC, valued at approximately $17.64 million, to major cryptocurrency exchanges Bitstamp, Coinbase, and Kraken. The transactions took place at 4:20 p.m. Central Indonesian Time. This follows a broader divestment trend by the German government, with over 3,000 BTC moved to centralized exchanges (CEX) in the past two weeks. As of June 22, 2024, Germany’s Bitcoin holdings were valued at $3.06 billion, with the Bitcoin price at $64,827 and a total quantity of 47.18K BTC. By July 2, 2024, these holdings had decreased to…

Ethereum witnessed a significant price drop, falling around 8.75% to approximately $3,170 within 24 hours following the introduction of spot Ethereum ETF funds in the US. This sharp decline erased gains accumulated over the past two weeks. The market reaction came after eight spot Ethereum ETF funds were launched on the New York Stock Exchange. Why is Ethereum Dropping? The downturn in Ethereum’s value, observed on the second trading day after the ETF launch, was primarily due to substantial withdrawals from Grayscale’s Ethereum Trust, which saw an outflow of $113.3 million. Contrary to this trend, seven out of the eight…

For those who were struggling to keep up with the names of various Cardano hard forks, Charles Hoskinson, the founder of the popular proof-of-stake blockchain, has come up with a new suggestion: Tasseled Wobblegong. “Now that the community is naming hard forks, I guess we are free to be as creative as possible,” Hoskinson said. It is a species of carpet shark that inhabits coral reefs. These sharks are particularly known as supreme ambush predators that just lie on the bottom and wait for prey to come by. The term “hard fork” refers to a radical to a certain blockchain…

OKX, one of the largest cryptocurrency exchanges globally, is set to list an altcoin in collaboration with BlackRock. The announcement was made on OKX’s official website, detailing the listing of Ondo (ONDO), which is associated with BlackRock, a Bitcoin (BTC) ETF issuer. Deposits for ONDO have already begun as of 10:00 AM local time, and trading for the ONDO/USDT pair commenced at 11:00 AM on the same day. Withdrawals will be available starting 1:00 PM on the following day. Discover the latest developments in the crypto world as OKX partners with BlackRock to list the innovative Ondo token. Stay updated…

Zilliqa, a prominent blockchain platform, has partnered with Brillion, a leader in Web3 smart wallet technology specializing in the management of real-world assets (RWAs). This collaboration marks a pivotal step in merging traditional asset management with the burgeoning field of DeFi, promising to deliver a seamless experience for users operating at the intersection of these two worlds. The integration with Brillion allows Zilliqa to leverage Brillion’s advanced capabilities in securely managing tokenized physical assets, effectively bridging the gap between conventional financial systems and decentralized networks. This partnership is not just a technical enhancement but a strategic alignment that aims to…

With Bitcoin (BTC) having established itself above the $60,000 support zone, bulls are now seeking to maintain their dominance even as the asset faces uncertainty amid underlying bearish elements. Amid the recent price movement, crypto analyst Ali Martinez pointed out in a post on X on July 2 that the maiden crypto is seemingly “stuck in a parallel channel,” suggesting key levels to monitor for potential price movements. Martinez noted that if the lower boundary at $62,500 holds, Bitcoin could rebound to $63,200 or $63,800. “Bitcoin seems to be stuck in a parallel channel. If the lower boundary at $62,500…

FLOKI reclaimed a $2 billion market cap, boosted by a $12 million purchase announcement from DWF Labs and new perpetual futures by Coinbase. Despite short-term declines, FLOKI gained 420% in the last 30 days and nearly 600% over the past year, showcasing impressive resilience. FLOKI’s play-to-earn metaverse, Valhalla, and extensive community marketing efforts have significantly contributed to its market resurgence. FLOKI has recovered its $2 billion market capitalization. This milestone is an incredible achievement for the meme coin, which has had its ups and downs over the past year. BREAKING: MEMECOIN $FLOKI (@RealFlokiInu) RECLAIMS $2 BILLION MARKET CAP pic.twitter.com/IvVra6WQO3 —…

El Salvador has proposed using crypto for trade with Russia to navigate financial constraints imposed by sanctions, according to a Russian embassy official. El Salvador has proposed using Bitcoin (BTC) for trade with Russia, as the latter has limited options for maintaining financial ties with the South American country due to sanctions. In an interview with the Russian state-owned newspaper “Izvestia,” Alexander Ilyukhin, the first secretary of the Russian embassy in Nicaragua and head of the office in El Salvador, highlighted the challenges of conducting trade with El Salvador, given that the country recognized the U.S. dollar as a national…

CVPad, a well-known launchpad to democratize early-stage VC investments, has announced a new partnership with Aptos. The collaboration focuses on leveraging the features of both CVPad and Aptos to offer a progressive ecosystem to support several cutting-edge projects. The platform took to its official social media account to provide the details of this endeavor. CV Pad 🤝 @AptosAptos is a production-ready L1 blockchain built for big ideas in DeFi, Web3 Gaming, NFTs and more.We’re excited to partner with the Aptos Foundation to support projects on Aptos with access to our partner network and full 360° launch support. pic.twitter.com/q4rWR2k4I5 — CVPad…

As Bitcoin (BTC) returns in the realm above $62,000, the flagship decentralized finance (DeFi) asset still seems to struggle with retaking the $63,000 level, but certain machine learning and artificial intelligence (AI) algorithms expect it will manage to succeed by the end of July. Indeed, the price action of Bitcoin has recently suffered a bearish streak that continued for the majority of the month, only managing to recuperate for a short time in the past several days before dropping again below the $63,000 level in the last 24 hours. Bitcoin price prediction Regarding its performance in the upcoming weeks, the…