Author: NBTC

A recently published report by Glassnode, one of the most prestigious analysis companies in the cryptocurrency world, revealed that Bitcoin reaching an all-time high in March led to an increase in profit taking by long-term wallets. However, according to analysts, this activity has started to decrease in recent weeks. “Typically, profit taking by long-term wallets tends to increase at all-time highs, but this has been tapering off in recent weeks,” the Glassnode Insights report published today said. The report also analyzed the asset balance between long-term Bitcoin wallets and new demand. It has been suggested that the current market is…

The expected launches of spot ether ETFs wouldn’t be as successful as bitcoin funds, industry watchers say, as educating investors may be a taller task this time around. Plus, the proposed ETFs are set to leave out one of ETH’s more attractive attributes. On the latter point, issuers disclosed last week that the proposed funds would not stake their ETH holdings. While the Securities and Exchange Commission approved 19b-4 proposals from the exchanges on which these funds would list, it could be weeks or months before the ETFs are able to launch. Read more: Digesting the ETH ETF decision: What…

The BNB Foundation officially announced the successful completion of the 27th quarterly BNB token burn by BNB Chain, marking another milestone in the ongoing efforts to reduce the circulating supply of the token. BNB Foundation Completes 27th Quarterly Token Burn Here are the important details from the final cremation: Automatic Burn (Total BNB burned): 1,944,452.51 BNB Approximate value in US dollars at the time of burning: US$1.17 billion Transaction ID (TXID) for BNB burning: (Link not provided for privacy and security reasons) BNB is the native cryptocurrency of the BNB Chain ecosystem and powers various functions on platforms such as…

Promising to revolutionize the experience of a user in the crypto world, TrendX and KOI have entered into a strategic partnership. It is quite interesting and promising to combine two active platforms with different offerings and strengths. We are thrilled to announce our partnership with@Koi_BTC🚀🚀Koi is supported by Binance Lab 🚀 With this collaboration, they’re guaranteeing their users credibility, security, and access to top-tier resources#Koi #Web3 #AI #TrendX pic.twitter.com/aKSQYHsJPX — TrendX (@TrendX_official) June 2, 2024 TrendX and KOI to Revolutionize Crypto Gaming with Strategic Alliance In particular, KOI, the Kingdom of Inscription, is an AI-driven gaming platform that uses Bitcoin…

Cryptocurrency naysayer Peter Schiff recently predicted that the issuers of Bitcoin exchange-traded funds (ETFs) would be sued by their disgruntled customers. Schiff is convinced that these customers will be searching for ways to recover their money after facing huge losses. Moreover, the gold bug believes that risk disclosures will not necessarily shield these issuers from legal troubles due to contradictory public comments as well as private comments made by text. As reported by U.Today, Schiff previously labeled Bitcoin ETFs as “speculative casinos,” predicting that their success would not last. card However, so far, these products have been extraordinarily successful. Earlier…

One analyst predicts that Ethereum will continue to gain value compared to Bitcoin in the near term. This prediction comes from Arbelos Markets co-founder Joshua Lim, who attributes this trend to the prospect of spot ETF trading attracting increased investor interest. According to Lim, the ETH/BTC rate, currently at 0.056, is likely to continue its upward trend and reach 0.06. This forecast follows a steady climb from a multi-month low of 0.045 in mid-May. This increase in ETH’s value coincides with the surprise approval of eight spot Ethereum ETFs by the US Securities and Exchange Commission (SEC) last week. Unlike…

A significant transfer of three trillion Shiba Inu tokens (SHIB) has recently emerged on the crypto market, prompting scrutiny and speculation regarding its implications. The transaction, valued at approximately $79.497 million, was revealed through a report from Whale Alert, a platform specializing in tracking large-scale cryptocurrency movements. According to the report, the transfer occurred between undisclosed wallets, shrouding the identities of the parties involved in secrecy. However, amid the enigma, one entity has emerged from the shadows – Robinhood, the renowned American brokerage giant. Etherscan data revealed that one of the recipient addresses belonged to Robinhood, hinting at the company’s…

Experts at the University of Birmingham (UOB) in the United Kingdom have developed a transport ticketing solution using blockchain and ontology. Proving yet again that blockchain technology has utility beyond payments, the UOB team developed the System for Ticketing Ubiquity within Blockchains (STUB) solution. STUB utilizes both blockchain and ontology, a way of modeling and managing complex information systems to create robust, transparent, and interconnected data structures. While the blockchain is used for selling and validating tokenized tickets, ontology allows providers to capture and share information about the transport network. This, in turn, will enable them to offer data about…

A widely followed crypto analyst is warning that the digital asset market could decline this quarter if the Fed starts cutting rates. In a new video update, crypto strategist Benjamin Cowen tells his 797,000 YouTube subscribers that if altcoins start breaking down against Bitcoin (BTC), it could indicate the start of a market correction due to recessionary pressures. “Will Bitcoin rally beyond April? Will it rally beyond the halving [event in April]? I think the answer to that question is going to be dependent on if alt/Bitcoin pairs break down. If alt/Bitcoin pairs break down in April, then I think…

Ethereum is approaching $4,000 amidst speculation of reaching $4,500 before ETF trading begins. Strong buying interest supports Ethereum’s bullish run, with significant support levels identified. Ethereum’s recent breakout from consolidation indicates potential for further upward movement, targeting higher resistance levels. Ethereum’s (ETH) recent price action has noted a definitive breakout from a period of consolidation, setting its sights on higher resistance levels. Currently, ETH is on the verge of a potential rally toward a new yearly peak as its price inches closer to $4,000. Analysts have previously speculated that Ethereum could reach $4,500 ahead of the commencement of ETF trading.…