Author: NBTC

The CEO of the Singapore-based digital asset exchange Crypto.com is sharing his insights on Bitcoin (BTC) after its recent pullback from new record highs. In a new interview with CNBC, Kris Marszalek says Bitcoin is currently in the midst of a strong uptrend last witnessed in December 2020 and January 2021, when BTC started a parabolic rally from $20,000 to above $60,000 in just a few months. “We sit on a ton of proprietary data so we can look back at the 2021 cycle from a retail perspective and compare it to what’s happening now. Looking at the data and…

The XRP Army has moved en masse to lock their tokens on various automated market maker pools as trading resumes following a recent amendment fix. In a recent post on X, community member Krippenreiter called attention to the uptick in XRP tokens locked on AMM pools. At the time of the update, about 604K XRP assets have been locked across 201 liquidity pools. Over 820K XRP Locked in AMMs Remarkably, in a space of three hours, the number has expanded by over 200,000 XRP. In particular, at the time of reporting, data from the XRP explorer XRPScan indicates that 820,657…

If you’ve been paying attention, you’ll know that Bitcoin has been basking in the limelight, smashing records with an all-time high of $73,803. Following closely, the U.S. warmly welcomed a shiny new fleet of spot Bitcoin exchange-traded funds, with the heavyweight BlackRock leading the charge. This extravaganza pulled in more than a cool $10 billion, making heads turn and eyebrows raise in the financial universe. Suddenly, Bitcoin isn’t just for the digital rebels and the under-the-radar operators; it’s sitting pretty in portfolios that matter, rubbing shoulders with the big guns of investment assets. The Undeniable Presence of Scandal But let’s…

OKX has so far continued to make strides in providing users with innovative opportunities to grow their assets. The latest update from OKX, announced today, marks a significant development in the integration of the Casper network’s CSPR token into its On-Chain Earn product. Beginning April 11, 2024, users will have the chance to subscribe to this new offering, opening doors to enhanced on-chain rewards with simplified operational procedures. Enhancing User Experience with On-Chain Earn OKX’s decision to add the CSPR token to its On-Chain Earn product is a testament to its commitment to providing users with seamless and rewarding experiences.…

The cryptocurrency market experienced a significant downturn recently, with Bitcoin leading the plunge. Fred Krueger, a notable figure in the investment community, took to X to analyze the cause behind this sudden crash, putting forward a complicated theory. Did massive bet backfire? According to Krueger, a large fund was engaged in a risky trading strategy involving shorting MicroStrategy (MSTR) stock while simultaneously buying Bitcoin (BTC), with a staggering $1 billion allocated to each side of the trade. His strategy backfired last Friday when the fund was forced to stop out, leading to the sale of $1 billion worth of Bitcoin.…

Shiba Inu is partnering with the Content Distribution and Security Association (CDSA) to propose and develop blockchain technology for media and entertainment, with a focus on security and content distribution. The collaboration aims to use blockchain technology to address concerns in the AI sector, such as deepfakes and plagiarism. SHIB, an interconnected family of digital assets and solutions built on the Ethereum blockchain that includes the popular meme coin Shiba Inu, today said it is partnering with the Content Distribution and Security Association (CDSA) in a release to CoinDesk. Shiba Inu developers will propose and develop blockchain technology specific to…

The latest statistics on bitcoin reserves from the nine new spot bitcoin exchange-traded funds (ETFs) reveal they currently possess 453,503.98 bitcoins, valued at approximately $30.29 billion based on the current exchange rates. The 9 New ETFs Hold Nearly a Half Million Bitcoin Since their inception on Jan. 11, 2024, these nine spot bitcoin ETFs have rapidly accumulated a significant amount of bitcoin (BTC), with projections indicating they will soon surpass the half-million mark. As of March 17, 2024, their collective holdings amount to 453,503.98 BTC, valued at $30.29 billion. Leading the pack is Blackrock’s IBIT, with a massive holding of…

Shiba Inu continues to attract the interest of crypto investors, leading to a spike in its total addresses. Recent data from crypto analytics platform IntoTheBlock (ITB) shows a massive surge in Shiba Inu’s total addresses. According to resource, Shiba Inu’s total addresses have surpassed the 4 million mark, representing a significant milestone for the doggy-themed cryptocurrency. The current figure suggests that Shiba Inu has added over 200,000 addresses since March 1. As of March 1, Shiba Inu’s total addresses stood at 3.8 million. While Shiba Inu’s total addresses are currently above 4 million, the number of addresses holding a portion…

One of the prerequisites for the mass adoption of blockchain technology is interoperability — the ability to pass data between distinct blockchain and blockchain-like systems. Numerous interoperability projects have established themselves today, and many are growing at an incredible rate. Indeed, it’s only a matter of time before the number of cross-chain messages is measured in trillions. Blockchain interoperability has never been more ubiquitous. In January 2024, more than $23 billion worth of assets were locked in cross-chain bridges on Ethereum alone. Clearly, our industry’s early adopters — affectionately called Web3 enthusiasts — are keen to explore new ecosystems as…

In a surprising turn of events, the tranquility of Sunday afternoon was shattered as a substantial amount of Bitcoin was swiftly withdrawn from Coinbase, one of the United States’ largest cryptocurrency exchanges. According to Whale Alert, a whopping 4,799 BTC, valued at approximately $314.13 million, made its way from Coinbase to an undisclosed wallet, sparking curiosity and speculation within the crypto community. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 4,799 #BTC (314,132,844 USD) transferred from #Coinbase to unknown wallethttps://t.co/CGp1plzM87 — Whale Alert (@whale_alert) March 17, 2024 Delving into the on-chain data, it was revealed that this hefty…