Author: NBTC

Tyler and Cameron Winklevoss, the billionaire twin brothers who founded the cryptocurrency exchange Gemini, received partial refunds after their donation of Bitcoin (BTC) to the Donald Trump presidential campaign exceeded the legal limit, Bloomberg News reported on Friday. On Thursday, the brothers separately announced on X, formerly Twitter, a donation of $1 million in Bitcoin (15.47 BTC) each to the campaign. The donations exceeded the maximum $844,600 that the Trump committee could accept per person under federal law, according to the report. Winklevoss duo accuses Biden of fighting crypto The amount that exceeded the limit was repaid to the Winklevoss…

With Bitcoin (BTC) surging past $69,000, questions about new all-time highs and its potential price in 2024 are becoming increasingly prominent. Many experts have weighed in, but the most influential opinions come from financial institutions and their analysts. Recently, Standard Chartered made one of the most bullish predictions. Analysts from this leading international cross-border bank predicted that Bitcoin could reach new all-time highs above $73,700. This projection, which is slightly higher than the cryptocurrency’s previous peak, comes with an ambitious and unexpected timeline. Bitcoin’s new all-time high already in a couple of days Geoff Kendrick, Head of EM FX Research,…

Recent on-chain data reveals a strong trend that includes large Ethereum withdrawals from one of the largest digital assets exchange, Binance. Particularly, Spotonchain, a prominent on-chain analytics platform said it observed ethereum withdrawals from a wallet linked to blockchain entrepreneur Justin Sun that is identified as ‘0xdbf’. The wallet in question has sent a total of 13,967 ETH – the equivalent of approximately $48.8 million – obtained from Binance over the course of three days for an average value of $3,494 each. The biggest single exit on record was for $16.07M – 4,629 ETH at a price of $3,472 per…

Meme coins have secured a unique position, captivating an enthusiastic community with their unpredictable fluctuations. Tracer, a DeFi analyst, recently highlighted ten meme coins that are present in various crypto insiders’ wallets. Tracer states these selected meme coins will likely experience substantial price increases soon. Top 10 Insiders’ Favorite Meme Coins Tracer himself has capitalized on following these insider transactions. He observed an insider earn 283x from early information about a meme coin named BRETT. Post-leak confirmation, BRETT’s value surged, marking a nearly 400% increase in just 30 days. This significant uptick enhanced BRETT’s market presence and raised its valuation…

The Federal Accounting Standards Advisory Board (FASAB) has clarified that seized crypto assets should be treated as “nonmonetary property” while central bank digital currencies (CBDCs) should be treated as monetary instruments. The federal authority claims that cryptocurrencies “do not typically possess all monetary characteristics,” emphasizing that they “are not effective as a unit of account, medium of exchange, or store of value.” Accounting Standards for Seized Crypto The Federal Accounting Standards Advisory Board (FASAB) published a Technical Bulletin (TB) on Friday to clarify the standards for the accounting and reporting of seized and forfeited digital assets. FASAB is responsible for…

U.S.-listed spot bitcoin exchange-traded funds yesterday reached new record by holdings with more than 850,000 BTC in custody, surpassing the previous high above 845,000 BTC from early April. Among ETFs, Grayscale’s GBTC holds the largest amount of bitcoin with over $20 billion, followed by BlackRock’s IBIT at $19.6 billion, while Hashdex Bitcoin ETF is the smallest holder with $12 million. U.S.-listed spot bitcoin exchange-traded funds now hold a record 850,707 BTC in custody, beating a previous high above 845,000 from early April. Among those funds, Grayscale’s GBTC remains the biggest holder of bitcoin with 289,300 tokens worth more than $20…

The Shiba Inu (SHIB) ETF petition is just 300 signatures away from hitting a major target of 10,000. This was disclosed by a popular Shiba Inu community figure, Heber Mayen, in an X post yesterday. 👀300 signatures away to reach 10k #SHIB ETF. LFG 📣 #SHIBARMY https://t.co/x0FAz5emR4 — Heber Mayen 🇬🇹🇲🇦🇺🇸 (@HeberMayen) June 8, 2024 Meyer made this known while reacting to a tweet from SHIB BPP regarding the Change.org petition directed to Grayscale Investments CEO Michael Sonnenshein. Notably, SHIB BPP has been promoting the petition on X, urging members of the Shiba Inu community to sign the petition. According…

According to Julio Moreno, head of research at CryptoQuant, an early Bitcoin miner from the Satoshi era has moved 2,000 BTC. This activity involved coins mined in 2010, a time when Bitcoin’s value was negligible compared to today’s prices. “Satoshi era” refers to the period when Bitcoin’s pseudonymous creator, Satoshi Nakamoto, was active in the community, roughly between 2009 and 2010. An early #Bitcoin miner just moved 2,000 Bitcoin.These coins were mined in 2010.The Bitcoin likely went to an OTC desk or custodian given that they were forwarded to several other new addresses almost immediately.Old miners are a source of…

Tron (TRX) founder Justin Sun, who attracted the attention of investors with his altcoin purchases and sales, made a new move. According to Spot on Chain’s post, an address that appeared to belong to Justin Sun deposited 4 altcoins worth $21 million to Binance. Accordingly, Justin Sun transferred altcoins named AAVE, MKR, COMP and LQTY to Binance. “Turns out it was Justin Sun! In the last 30 minutes, Justin Sun deposited 4 altcoins worth $21 million to Binance: 93,979 AAVE worth $11.26 million 3,800 MKR ($9.3 million) worth $9.3 million 4,178 COMP worth $245k 203,623 LQTY worth $217 thousand” It…

Hedera’s Wallet Snap update integrates token and smart contract services into MetaMask for enhanced asset management. The update offers new possibilities for developers with Hedera’s high-speed, low-fee platform on MetaMask. Tuum Technologies has announced an interesting new upgrade to the Hedera Wallet Snap, which completely integrates Hedera’s token service and smart contract service with MetaMask. For developers and consumers alike, this update creates a world of opportunities and simplifies, strengthens, and greatly expedites the management of digital assets. The #Hedera Smart Contract Service is now available on MetaMask with Snaps! 🦊 We’re excited to share this major update to @hedera…