Author: NBTC

On-chain data shows that Bitcoin is forming a pattern in its Total Amount of Holders, which last proved bullish for the cryptocurrency. Bitcoin Has Seen A Fall In Its Total Number of Holders Recently According to data from the on-chain analytics firm Santiment, BTC investors have been liquidating their wallets amid the recent bearish wave in the asset. The indicator of relevance here is the “Total Amount of Holders,” which measures, as its name suggests, the total number of addresses holding some balance on the network. When the value of this metric goes up, it means new investors are joining…

Ark Invest reduced its Coinbase (COIN) holdings ahead of Q2 earnings, selling 2046 shares worth $450,000. COIN shares have traded around $230 in the last six months amid low volumes and market skepticism. Ark’s move reflects strategic adjustments amidst crypto market volatility and anticipation of Federal Reserve actions. Ark Invest has begun to reduce its Coinbase (COIN) holdings in preparation for the exchange’s second quarter earnings release. This decision comes amid continuous volatility in the cryptocurrency markets, particularly as Bitcoin price fluctuates. Ark Invest offloaded $446K worth of Coinbase shares on July 12Cathie Wood’s asset management firm Ark Invest sold…

Stablecoins hit a $161B market cap, a 2-year high, led by USDT’s record $111B. USDC market cap grows to $32.6B amid increased trading volumes. Despite a market cap rise, trading volumes on exchanges dropped to $829B. In a sustained growth trajectory, the market capitalization of stablecoins has touched a two-year peak at $161 billion as of May 2022. This milestone follows eight months of consistent upward movement, marking a significant rebound since the Terra Luna financial debacle. Despite the overall market cap surge, stablecoins’ dominance has seen a modest decline to 6.07%, compared to 7% in March. This decrease mirrors…

John Bigatton, the Australian promoter of the now-defunct crypto exchange platform BitConnect, has been convicted by the Sydney District Court for providing unlicensed financial advice. Bigatton was sentenced to a three-year recognizance of good behavior and disqualified from managing corporations for five years on Friday, according to court records and a statement from the country’s corporate regulator on Sunday. Between August 2017 and January 2018, Bigatton promoted BitConnect through seminars and social media, providing financial advice without proper authorization. Crypto Ponzi scheme BitConnect, which required investors to acquire BitConnect Coin (BCC) to participate in its investment opportunities, was marketed by…

European Bitcoin mining company Northern Data AG has announced plans to raise €214 million through a 20% capital increase, issuing 10.7 million new shares. German Bitcoin (BTC) mining company Northern Data AG is set to bolster its operations through a significant capital increase, which is expected to boost its financial reserves by approximately €214 million. In a Jul. 15 press release, the Frankfurt-headquartered company said that it plans to issue 10,699,446 new bearer shares, amounting to 20% of its current share capital, a move that is expected to fuel the expansion of the company’s cloud platform, and expanding its physical…

Coin98 has integrated the IoTeX Network into its platform, recognizing the growing interest in the Decentralized Physical Infrastructure Networks (DePIN) segment. IoTeX is a modular Web3 infrastructure platform. It connects smart devices and real-world data to the blockchain. This integration is available in the latest versions of Coin98 Super Wallet and Coin98 Extension. As a result, it makes it easier for users to explore Web3 opportunities. Coin98 Super Wallet now integrates @iotex_io – the modular infrastructure for DePIN, allowing even the smallest of teams to build scalable DePIN applications and thus cultivating a widespread ecosystem of diverse applications that will…

Over the weekend, the Bitcoin price dropped below $60,000 amid rapid selling by major holders such as the German and US governments. This led to one of the largest drops seen for the pioneer cryptocurrency in the last two years, costing the market billions of dollars. However, despite this, Bitcoin holders are still seeing major gains, with the vast majority of investors currently in profit despite the market crash. Bitcoin Holders Enjoy Massive Gains According to data from the on-chain tracker IntoTheBlock, there are around 53.57 million Bitcoin holders worldwide. Of these investors, a total of 83% are still seeing…

Valentina Matvienko, Chairman of the Russian Federation Council, talked about the role of national digital currencies, also known as CBDCs, in increasing the use of national currencies in BRICS trade. Matvienko stated that a hypothetical BRICS bridge, a joint payment system, would leverage the digital currencies of all the bloc states. Russian Senate Chairman Profiles Use of National Digital Currencies in BRICS Payment System Valentina Matvienko, Chairman of the Russian Federation Council, recently assessed the role that national digital currencies, also known as central bank digital currencies (CBDCs), would play in organizing a hypothetical BRICS joint payment system. At the…

On May 22, the Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong issued an enforcement notice to the Worldcoin Foundation, directing an immediate cessation of its cryptocurrency project operations throughout the territory. This decision arises from significant concerns regarding privacy and the safeguarding of personal data, spotlighting the controversial use of biometric data collection methods by the project. The regulatory body specifically criticized Worldcoin for its practices involving the scanning and collection of iris and facial images of the public. The PCPD described these data collection methods as “excessive and unnecessary,” raising alarms about the potential…

As the digitization gale continues to blow across Southeast Asia, Vietnam is taking things up a notch by requiring facial recognition for digital transactions above $390. The new policy change received validity from the State Bank of Vietnam at the start of July, with the banking regulator hinting at a strict enforcement of the rules. The move is an attempt by the central bank to improve the security of online financial transactions amid rising fraud incidents. Under the new rules, individuals attempting to make payments through mobile bank apps and e-wallets must use artificial intelligence (AI)-powered facial recognition to verify…