Author: NBTC

As bitcoin’s price action shows signs of continued bearishness, the digital currency’s trading volume and market capitalization suggest a volatile but keenly watched market. Bitcoin Bitcoin’s (BTC) current trading price of $62,891 to $63,075 per unit underscores a market grappling with uncertainty, reflected in an intraday trading range between $61,773 and $64,414 over the last 24 hours. The substantial volume of $36.08 billion, coupled with a market capitalization reaching $1.23 trillion, indicates active trading sessions but with a bearish bias as suggested by the prevalent selling actions across several key moving averages and oscillators. The overall market sentiment leans toward…

Arkham Intelligence data has exposed the crypto portfolios of some of the world’s most well-known figures: Justin Bieber, Jimmy Fallon, and Donald Trump. The surprising findings offer a glimpse into these celebrities’ digital investments, revealing substantial holdings and intriguing transactions. Crypto Portfolios of Bieber, Fallon, and Trump: What’s Inside? According to Arkham Intelligence data, pop icon Justin Bieber has a crypto net worth of $556,890. His top holding is Ethereum (ETH), worth approximately $536,080. Other notable Bieber holdings include ApeCoin (APE) and Dione (DIONE). He owns 12,136 APE and 301,027 DIONE. His DIONE holding is particularly interesting, given it is…

Cryptocurrency exchange OKX has received a significant boost in its expansion plans as its Singapore subsidiary, OKX SG, has been granted in-principle approval for a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). This approval paves the way for OKX to provide digital payment token services and cross-border money transfer services in Singapore, further solidifying the city-state’s position as a leading crypto hub in Asia. Singapore has emerged as an attractive destination for crypto firms due to its robust regulatory framework, which aims to strike a balance between fostering innovation and ensuring consumer protection. The MAS…

Glassnode data shows that OG Bitcoin holders, or Fish (yellow), those holding between 1 – 10 BTC, still have the lowest realized price by quite some margin at just $15,630. Compared to Whales, whose realized price is currently $35,290, this indicates Fish have the lowest average cost per Bitcoin out of all holders. Further, any time the Bitcoin price has touched the Fish realized price, it has marked the bottom of the market, as seen in 2011, 2014, and 2018. The realized price above chart shows the average cost at which Bitcoin holders have acquired their coins, broken down by…

Digital asset services provider Taurus has announced the opening of its first North American office based in Vancouver, Canada. According to the announcement, this strategic move is part of Taurus’ ongoing international growth and efforts to cement its status as a key technology provider in the digital asset realm, now with a presence across three continents. Former Procore Technologies Andrew Maledy will lead the new Vancouver office, applying his background in infrastructure management, business technology, and cloud to Taurus’ new foray. “North America presents a significant opportunity for digital asset innovation, and we are excited to establish our presence in…

As cryptocurrency enthusiasts eagerly await the approval of a physically-backed Ethereum (ETH) exchange-traded fund (ETF) in the US, London has also seen a groundbreaking development. The UK’s Financial Conduct Authority (FCA) has approved two crypto exchange-traded products (ETPs) by WisdomTree, which are soon to debut on the London Stock Exchange (LSE). WisdomTree, a global issuer of exchange-traded products and funds with nearly $112 billion under management, announced on Wednesday that it received FCA approval to launch two new instruments on the LSE: WisdomTree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW). These physically backed ETPs are expected to launch next…

Though the process has been ongoing for a relatively long time – and even the most outspoken opponents of the crypto market have been getting involved, including during the ‘crypto winter’ – 2024 has been the year of institutional cryptocurrency adoption. The trend has been most evident and extensive with regard to Bitcoin (BTC), particularly since the approval of the U.S.’ first-ever spot BTC exchange-traded funds (ETFs). Indeed, these financial instruments have seen significant institutional interest in recent months, with investors of all stripes joining the action. One country that has excluded itself from both the trend and its fruits…

The Sandbox and Bitkub established an alliance to expand the network’s metaverse within The Sandbox. The establishment of a metaverse hub will provide users with the opportunity to interact with a variety of desirable entities in the Bitkub Metaverse. The Sandbox operates as a decentralized gaming enterprise with a foundation centered around blockchain technology. The alliance will pave the way for digital communication by combining blockchain-based Sandbox gaming technology with Bitkub’s technical expertise. With the interconnection of famous entities belonging to the Bitkub Metaverse, there will be improvements in factors related to interoperability and the introduction of all-inclusive exposure with…

Bitcoin (BTC) is presently grappling with maintaining its price above the $60,000 threshold amidst persistent sell-offs across the broader market. Indeed, some players within the market speculate that Bitcoin may face further devaluation leading up to the halving event. For instance, market strategist Gareth Solway suggested on April 16 that geopolitical tensions served as a catalyst for Bitcoin’s price to breach a significant support trend line, which had been pivotal in propelling the cryptocurrency’s upward trajectory since February. Soloway emphasized that the breakdown remains unconfirmed while the support trend line has been breached. He explained this concept using probability, indicating…

San Francisco — The Graph Foundation, stewards of core developers of The Graph Network, launches the Sunrise Upgrade Program today, aiming to democratize data access through a range of on and off-chain activities rewarding participants with GRT tokens.—The Graph, renowned as the pioneer decentralized data marketplace, standardizes subgraphs as the method for indexing and accessing blockchain data across 50+ blockchains. The Sunrise Upgrade Program, fueled by community engagement, features missions encompassing both technical and non-technical tasks, from content creation to network contributions.CEO of Edge & Node, Tegan Kline, emphasized the program’s inclusivity, stating:”The Graph seeks to liberate data amidst monopolies…