Author: NBTC

On March 1, a well-known colossal whale holding bitcoins from 2010 activated 2,000 dormant bitcoins across 40 transactions in a single block. Just four days afterward, on March 5, this entity once more made waves by transferring 1,000 bitcoins originating from the same year. For the third instance in March, this entity has returned, reallocating 2,000 bitcoins from 2010, marking another significant string of BTC movement after the assets had not been touched for more than a decade. 2,000 Bitcoins From 2010 Moved by Notorious Whale On Tuesday, March 26, 2024, the prominent entity known for its vast bitcoin (BTC)…

Vet, a dUNL validator on the XRP Ledger (XRPL), recently demonstrated the successful deployment of XRP in an XRP/USD pool on the upcoming XRPL AMM. In the demonstration, Vet leveraged Orchestra Finance, an AMM decentralized exchange (DEX) built atop the XRP Ledger to add 20 XRP (worth $12.23 at the time) and $12.25 worth of USDC to the XRP/USDC pool on the devnet version of the upcoming AMM. A Live Demonstration of the AMM Before deploying the tokens to the liquidity pool, the dUNL validator first connected his devnet Xaman wallet to the Orchestra Finance platform. For the uninitiated, the…

After the successful activation of the Oxford 2 protocol on February 9th, the Tezos Blockchain community is once again buzzing. This time it’s about the proposals of the Paris protocol – Paris A and Paris B – which each promise significant advancements to the Tezos protocol. These proposals, identified by their hash keys, aim to introduce lower latency, faster finality, and crucial updates to the Proof-of-Stake (PoS) mechanism. Let’s delve into the complexity of these proposals and their significance for the future of Tezos. Updates and important improvements of the Tezos blockchain Main features Conclusions Updates and important improvements of…

Idle tapping game Bitcoin Miner was developed in the wake of the 2017 bull run as a colorful and amusing riff on the wild world of crypto. And to hear Fumb Games co-founder Paul West tell it now, almost nobody cared when the game first launched on iOS and Android. “Nothing happened. Like, literally nothing happened at all,” West told Decrypt’s GG. West said they didn’t promote the game due to hurdles with the Bitcoin branding and that even getting the game live on the App Store and Play Store was a challenge. And then… it just went nowhere. “We…

ETHFI, the governance token of liquid restaking protocol Ether.Fi, fell nearly 30% after its market debut. Ether.Fi’s token listed on major exchanges like Binance and OKX. The price of ETHFI, the governance token of liquid restaking protocol Ether.Fi, has declined 30% just hours after its market debut. ETHFI listed on major exchanges, including Binance and OKX, and traded to highs of $5.32. However, with profit taking in full swing, the token’s price has fallen by about 30% to hit lows of $3.30. According to CoinGecko, Ether.Fi has a market cap of $394 million at the time of writing and a…

Binance is having a weird moment, perhaps most clearly illustrated by the fact that a national government detained two of its executives for a month now – and one is only free because he seemingly escaped custody. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. Tax evasion The narrative Nigeria and the Philippines have recently cracked down on Binance in extremely different ways, while what used to be Binance in Russia is shutting down. Why it matters Binance has been the poster child as…

HSBC’s recent launch of retail gold tokens underscores the growing adoption of financial asset tokenization, a practice that’s transitioning from early adoption to mainstream use. However, challenges remain in ensuring standardization and broader integration. Asset tokenization leverages blockchain technology to represent ownership of real-world assets (real estate, art, shares, etc.) as tradable digital tokens. These tokens function as digital ownership certificates, enabling fractional ownership. As a result, it broadens the investor base and increases trading activity, thereby enhancing liquidity in these markets. A critical limitation of many current tokenization platforms is their narrow scope, according to Ralf Kubli, board member…

Bitcoin’s (BTC) recent price action hints at a renewed strength in fighting for higher grounds and whale activity corroborates that. In particular, Bitcoin whales have accumulated over 100,000 BTC in the past week. This activity draws a spike on the chart, as shown by the expert trader and on-chain analyst Ali Martinez. Martinez reported the increase in Bitcoins held by addresses between 1,000 and 10,000 BTC, worth over $7 billion. Interestingly, the spike resembles what the market previously saw in early February, before the bull run to above $70,000. At that time, these whale addresses started accumulating larger amounts of…

According to the most recent CoinShares report, major cryptocurrencies Polkadot (DOT), Cardano (ADA) and Litecoin (LTC) have collectively attracted a whopping $6.3 million in inflows amid an epic market boom, signaling renewed investor interest in these digital assets. Litecoin attracted $2.3 million in inflows; Cardano and Polkadot drew $1.2 million and $3.1 million, respectively. The influx of funds into Polkadot, Cardano and Litecoin follows a broader rally in the cryptocurrency market in the past week, with many digital assets recently setting new highs before retreating. The positive inflows highlight the growing appeal of these cryptocurrencies as investors seek exposure to…

A South Korean court has released the son of software giant Hancom Group’s Chairman on bail as prosecutors continue to probe an alleged “crypto slush fund.” Officials have been investigating allegations since 2021, when reports began surfacing surrounding the Hancom Group Chairman Kim Sang-cheol. Kim Sang-cheol, prosecutors think, may be the “secret owner” of an altcoin named Arowana (ARW). The coin is supposedly the brainchild of a firm named Arowana Tech. It was listed on the Bithumb exchange in mid-2021, but has since been delisted. Arowana (ARW) prices since 2022. (Source: CoinMarketCap) Hancom Investigation Continues Hancom is best known in…