Author: NBTC

Bitcoin (BTC) began the new week on a downward trend, trading at $54,404. Over the past 24 hours, the cryptocurrency’s minimum was $54,481, and its maximum reached $58,371. Since the start of the month, Bitcoin has declined by over 11%. Crypto skeptic Peter Schiff noted that recent trading patterns and ETF inflows suggest that experienced investors are selling BTC on the spot market, while less experienced investors are purchasing it through ETFs. He implied that whales have strategically positioned ETF investors to bear the brunt of potential losses. Based on the trading patters and ETF inflows, it looks like the…

DeFi Technologies, a publicly traded Canadian company, is expanding its crypto portfolio by acquiring more Bitcoin and other digital assets like Solana to its treasury, according to a July 18 statement shared with CryptoSlate. Olivier Roussy Newton, CEO of DeFi Technologies, said: “Our increased BTC holdings, strategic investment in SOL, CORE and participation in CORE’s staking facility reflect our commitment to leveraging the most promising opportunities in the decentralized finance landscape. These actions not only diversify our balance sheet but also align with our mission to bridge traditional capital markets with the innovative world of DeFi.” Bitcoin purchase On July…

According to the State of XRP Ledger Q1 2024 report released by Messari, XRP Ledger experienced a remarkable increase in payment transactions, rising 350% quarter-over-quarter (QoQ) to an average of two million per day. This surge in activity, driven by inscriptions, began in late Q4, 2023, and continued into Q1, 2024, before tapering off by the quarter’s end. Over 22 million payments were executed in just one week, primarily due to inscriptions, leading to two million daily payment transactions during Q1. The dramatic increase in payment transactions had a substantial impact on the overall transaction landscape of the XRP Ledger.…

After the UAE was taken off the FATF (Financial Action Task Force) grey list and even prior to that, the UAE continues to take action to ensure improved AML/CTF (Anti Money Laundering) and (Counter-Terrorist Financing) especially when it comes to virtual assets. On July 10th, 2024, the Executive Office of Anti-Money Laundering and Counter Terrorism Financing (EO AML/CTF) started implementing over 100 recommendations from the UAE’s National Risk Assessment (NRA). This came after the twenty-first meeting of the Higher Committee Overseeing the National Strategy on AML/CFT, chaired by H.H. Sheikh Abdullah bin Zayed Al Nahyan, Deputy Prime Minister and Minister…

OP_CAT is a proposed Bitcoin upgrade, aiming to bring Ethereum-like smart contract capability to the world’s oldest and largest blockchain network. While by no means short of supporters, OP_CAT remains in its very early stages in terms of acquiring the consensus necessary to be merged into Bitcoin’ core software. Layer-2 developer StarkWare, the primary builder behind the Starknet network atop Ethereum, has offered a glimpse of what could be possible on the Bitcoin blockchain if a pending technical proposal known as OP_CAT were adopted. Working on a Bitcoin’s testing environment known as Signet, and using OP_CAT, StarkWare says it demonstrated…

Over the weekend, Bitcoin (BTC) ‘s price circled between $54,424 and $58,215. However, as the new week begins, the coin presents an interesting revelation on-chain that could influence its next direction. To put it in perspective, this condition has been historically crucial to BTC’s recovery. Will it be the same this time? Bitcoin Oversold, Drives Multiple Bids The metric in question is the NVT Golden Cross. NVT stands for Network Value to Transaction. Defined as a reformed index of the NVT ratio, the metric gauges if Bitcoin has hit the bottom or is at the top. When the value of…

Tether USD (USDT) and USD Coin (USDC) are leading the stablecoin market, each carving out distinct niches in the crypto ecosystem, according to a recent Keyrock report. USDT maintains its dominance as a trading pair standard on centralized exchanges, leveraging its first-mover advantage. Meanwhile, USDC is making significant inroads in decentralized finance (DeFi) applications, offering a more diverse portfolio of use cases. Approximately 11.5% of USDT’s total market cap, or $12.8 billion, is held within smart contracts across 10 different chains, the lowest percentage among major stablecoins. USDT’s usage is primarily concentrated in bridges and decentralized exchanges (DEXs), reflecting its…

Recent cat in a dogs world (MEW) price surge has captured significant attention among crypto investors. Over the past 24 hours, MEW price saw a 21.59% increase, with its market cap rising by 21.66% to $379,348,419. The cat in a dogs world price surge has propelled MEW token to the 182nd position in terms of market capitalization, signifying its growing prominence in the crypto market. MEW price surge coincides with increased activity Besides its growing popularity, the surge in MEW price is further substantiated by a notable increase in trading volume, which has spiked by 218.17% to $126,547,621 over the…

Crypto lobbying expenditures have surged dramatically over the past seven years, according to a new study by Social Capital Markets. The research reveals a staggering 1,386% increase in lobbying spend by crypto companies, rising from $2.72 million in 2017 to $40.42 million in 2023. The study highlights a significant acceleration in lobbying efforts, with nearly 60% of the total $131.91 million spent on crypto lobbying occurring in the last two years. In 2022 and 2023 combined, the industry allocated $78.94 million to influence policy and regulation. Apollo Global Management emerged as the top spender in 2023, investing $7.56 million in…

Vanar, known for its carbon-neutral, high-speed, and low-cost Layer 1 blockchain tailored for the entertainment industry and mainstream applications, has just announced a groundbreaking partnership with Sharpe Labs. This collaboration marks a significant step forward in harnessing advanced technological solutions to enhance the crypto trading experience. Vanar’s blockchain technology, renowned for its efficiency and environmental friendliness, is set to integrate with Sharpe Labs’ Sharpe AI platform. Sharpe AI, an innovative super-app, is designed to transform the cryptocurrency trading landscape by providing a comprehensive suite of tools for investment, intelligence gathering, and digital asset automation. This alliance is not just a…