Author: NBTC

Prominent blockchain sleuth Whale Alert, which tracks down large cryptocurrency transactions made by both crypto exchanges and retail/institutional investors and holders, has spread the word about a gigantic amount of meme cryptocurrency Dogecoin being transferred from the popular investment platform Robinhood. Over the past 24 hours, it has detected that several hundred million of DOGE has been transferred from the above-mentioned trading and investment platform. 🚨 150,000,000 #DOGE (23,552,001 USD) transferred from #Robinhood to unknown wallethttps://t.co/Z7kyHDma8i — Whale Alert (@whale_alert) April 16, 2024 300 million DOGE absorbed by major whale The above-mentioned data source has published two Twitter/X posts to…

Russia’s stock exchange, the Moscow Exchange (MOEX), has stopped all trading in US dollars and euros. The decision follows a new round of sanctions imposed by the US Treasury Department on Russia. The exchange also confirmed that share trading and money market transactions in these currencies would be permanently halted. The US Treasury sanctioned over 300 entities, aiming to disrupt Russia’s financial infrastructure. These new sanctions are part of a broader strategy to apply pressure on the BRICS nation, which has been moving towards de-dollarizing its economy. MOEX had previously warned that it would halt foreign currency trading if new…

Bitcoin miners are reselling their holdings as BTC struggles to maintain the $70,000 level. Data from CryptoQuant shows that BTC flows from miners’ wallets to exchanges reached a two-month high last weekend, a sell sign. “Miners were competing for 900 BTC per day less than two months ago, but now they are competing for 450 BTC per day across the network,” said HC Wainwright analyst Mike Colonnese. “The mining economy is down 45% from pre-halving levels, so market “We’re not surprised to see some of that sales force.” CryptoQuant data shows that hourly BTC transfers from miners to exchanges reached…

The State of Wisconsin Investment Board (SWIB) has made a crucial pivot to invest in spot Bitcoin ETF products, carving out a rare space in the traditional finance sector. This move was specifically spotlighted by Michael Saylor, who described the firm as a “fiscally sound pension fund” that sees the value of Bitcoin. As a $180 billion investment fund, SWIB has injected the sum of $162 million to buy shares of BlackRock and Grayscale Investments. Commenting on this move, Marquette University Professor Emeritus David Krause noted that more investment funds in other states are likely to make a related pivot…

With the ongoing tension in the Middle East and increasing concerns that the FED may keep policy rates at higher levels for longer than expected, there were sharp declines in Bitcoin and other cryptocurrencies. At this point, while BTC fell to the level of $ 60,000 during these declines, major declines were also seen in altcoins, including Ethereum. Although the interest in BTC and the crypto market in general decreased after the decline, Santiment stated that the situation was different for the two altcoins. Santiment pointed out that although there is a decrease in crypto interest and prices in general,…

Shiba Inu can now be bought with credit cards on StealthEX, thanks to their partnership with Mercuryo, allowing purchases with 100+ fiat currencies. Shiba Inu (SHIB) continues to make headlines in the crypto scene, with several recent developments enhancing its utility and accessibility. From new purchase options on platforms like StealthEX to acceptance by various businesses, SHIB is solidifying its presence in mainstream applications. StealthEX Enables Card Purchases for Shiba Inu The Shiba Inu community has reason to celebrate as SHIB can now be purchased using a credit card on StealthEX. This development is due to StealthEX’s collaboration with Mercuryo,…

After rejecting Riot’s takeover bid, Bitfarms announced a project to significantly increase its power capacity and Bitcoin mining capabilities by 2025. Bitfarms entered into an agreement to construct a power plant with a capacity of up to 120 MW and to lease a location in Sharon, Pennsylvania. After this agreement, Bitfarms shares (BITF) rose over 15% today. Bitfarms, a Bitcoin mining company garnering attention amidst some takeover attempts, has restated its position that Riot’s proposed takeover would not benefit its shareholders. The company additionally revealed plans to establish this first major mining site in the United States, which will significantly…

Crypto trader Ali Martinez has shared that he expects Bitcoin to stage a substantial surge if a scenario he described plays out. Bitcoin eyes surge to $74,400 According to Martinez’s tweet, Bitcoin is currently breaking out from a symmetrical triangle pattern. BTC is targeting breaking out above the upper trend line. A proper close above the resistance level at $69,330 is likely to give Bitcoin momentum to surge to the $74,400 price level, the analyst wrote. #Bitcoin appears to be breaking out from a symmetrical triangle! A sustained close above the $69,330 resistance level could send $BTC to $74,400. pic.twitter.com/UrZrJqZdrr…

ARK ETFs unload $7.18M Robinhood shares, triggering market speculation. ARK’s active management shifts towards biotech, tech sectors, influencing market sentiment. Following ARK’s sell-off, Robinhood stock dips 2.13% in pre-market trading. Cathie Wood’s ARK ETFs made significant moves in their daily trades on Monday, June 10th, 2024. With a noticeable sell-off of Robinhood Markets Inc. shares and strategic purchases across various biotech and tech companies, investors are left wondering about the motives behind these decisions. Meanwhile, HOOD stock saw a 2% dip following Ark Invest’s offloading of over $7.5 million worth of shares. Dumps $7.18M Robinhood Share ARK ETFs, under the…

Telegram’s pivot to toncoin payments for advertisements and the Open League reward program are boosting the token’s adoption. TON has gained 15% this month, outperforming the broader market. A toncoin (TON)-based economy is starting to take root in the messaging app Telegram, and that explains the token’s recent outperformance of the broader crypto market, according to Justin Hyun, director of investments at TON Foundation. TON has gained 15% this month, clocking record highs above $7, while bitcoin (BTC), the leading cryptocurrency by market value, declined 11% and the CoinDesk 20 Index, a broader market gauge, dropped 16%, CoinDesk data show.…