Author: NBTC

Data from crypto analytics firm Arkham has revealed that several governments are holding significant amounts of Bitcoin, totaling approximately $17.8 billion at current market prices. Arkham has highlighted substantial holdings of Bitcoin seized by the United States, United Kingdom, and Germany as a result of criminal cases, while El Salvador has made significant purchases of Bitcoin for its treasury. United States: $12 billion in Bitcoin reserves The United States government holds the largest share of Bitcoin, with an estimated $12 billion worth of Bitcoin in its possession. Much of this cryptocurrency is believed to have been seized in high-profile cases…

Levi, a well-known YouTuber, explores a scenario where holders of just 1,000 XRP tokens could record life-changing gains as XRP and the XRPL grow. In a recent analysis of the XRPL ecosystem’s trajectory, the industry commentator emphasized that the distribution of XRP ownership is surprising and suggests that holding a relatively modest amount of it could lead to significant financial rewards. To drive home this point, he discussed XRP’s supply situation. With 55 billion XRP in circulation of a total supply of 100 billion, understanding how these tokens are distributed among holders is important. His research into the XRPL revealed…

In a recent tweet, OKX, one of the leading cryptocurrency exchanges, hinted at the potential listing of $GRASS. The tweet playfully mentioned that the exchange has finally decided to touch some grass. It suggests that OKX might soon follow Binance in listing this emerging digital asset. Binance had tweeted similarly several times before. I finally decided to touch some grass. pic.twitter.com/ZDNMTqAspl — OKX (@okx) July 21, 2024 $GRASS Still Farming in Epoch 7 $GRASS is still at the farming stage and has not been launched yet. At present, it is in epoch 7 of its farming period. Epoch 7 is…

Bitcoin seizures by law enforcement are nothing new. But there has been a recent shift in how agencies liquidate their seized BTC—and it’s been wreaking havoc on markets. After moving $75 million worth of Bitcoin to exchanges yesterday, the German Bundeskriminalamt has transferred another $84 million worth of Bitcoin just this morning, according to blockchain analytics platform Arkham. At the time of writing, $30 million has already been forwarded on to trading firm Flow Traders. This selling of seized Bitcoin on exchanges—coupled with the impending release of Mt. Gox Bitcoin holdings—has reignited discussions about how governments handle large-scale cryptocurrency liquidations.…

Terra Luna Classic developer group Genuine Labs took it to X to confirm bullish news for the LUNC community, announcing the readiness of a significant upgrade. Great news for #LUNC community! 🚀The latest version for sdk 47 is here: https://t.co/8WitCawcGsLet’s get ready for the upgrade proposal! — Genuine Labs (@Genuine__Labs) May 24, 2024 The new SDK 47 version will update Terra Luna’s components, fight p2p storm attacks, and fix the dyncomm decorator, enhancing the ecosystem’s strength and efficiency. Genuine Labs will introduce a proposal allowing the community to vote for the upgrade. Meanwhile, the latest v3.0.1 represents the developer’s dedication…

The upgraded RWA Vaults allows users to withdraw Treasury Bill-backed interest on their USDC, on a daily basis. Woo X and partners OpenTrade claimed bragging rights for being the first exchange to offer T-Bill interest bearing products to retail customers. Cryptocurrency exchange Woo X has upgraded its U.S. Treasury Bill-backed yield earning products such that customers can withdraw interest on a daily basis, rather than having to wait the customary seven or 28 days associated with T-Bills. Tokenization – especially involving bank-grade assets like U.S. Treasuries – has become popular thanks to interest rate increases, with a groundswell of innovations…

Bitcoin’s market activity on July 5, 2024, has been marked by a persistent downtrend across various time frames, with the price currently at $55,338. Over the past 24 hours, Bitcoin’s price has ranged between $53,550 and $58,673, with a market capitalization of $1.08 trillion and a 24-hour trade volume of $54 billion. Bitcoin Bitcoin’s 1-hour chart reveals a notable downtrend from $60,430 to a low of approximately $53,550, followed by a minor recovery. Trading volume spiked significantly at the recent low, indicating strong buying interest at lower prices. The key support level is identified at $53,550, with resistance around $55,000.…

Hedge Fund Three Arrows Capital’s liquidator, Teneo, has reportedly transferred 2.18 million STRK tokens, valued at approximately $2.63 million, to Binance over the past three days. According to an X post by the blockchain analytics platform Spot On Chain, Teneo currently retains 130 million STRK, estimated to be worth $157 million. Teneo, #3AC liquidator, deposited 2.18M $STRK ($2.63M) to #Binance in the past three days!Currently, @Teneo still holds 130M $STRK ($157M) of 3AC’s assets in custody, making it the second-largest non-team/CEX STRK-holding wallet.The STRK price dropped 6% (24H) after Vitalik… pic.twitter.com/hea39ENn4p — Spot On Chain (@spotonchain) May 25, 2024 Chinese…

“Crypto liquidity and FX liquidity are sort of coming together,” Tom Higgins, founder and CEO of Gold-i, pointed out to Finance Magnates at iFX EXPO International 2024. “When you’ve got a traditional retail FX broker, and they want to access crypto liquidity, how do they make that happen? It’s different liquidity providers; it’s different ways of accessing it. The technology is similar, but you need different angles on it.” Headquartered in the United Kingdom, Gold-i offers brokers technology for accessing liquidity. Although the company does not provide liquidity, it connects trading platforms to multiple liquidity providers. “The ETF Changed Everything”…

Shiba Inu will crack unprecedented floor prices should it mirror the trajectory of Bitcoin towards the projected $250K and $777K thresholds. The crypto market witnessed a brief struggle with bearish forces as Bitcoin re-entered the $70K range this week. In the last two days, Bitcoin experienced a 7.76% dip, retesting the $66K price level. In comparison, Shiba Inu saw a more significant drop, collapsing by 12%. Meanwhile, Bitcoin has resumed the uptrend, reclaiming a high of $69,220 in the last 24 hours. Altcoins like Shiba Inu have followed suit, with SHIB rallying 6.25% from its earlier low of $0.00002352 to…