Author: NBTC

On March 28, The ARK 21Shares Bitcoin ETF witnessed an unprecedented $243.5 million in investments, marking a significant uptick over five times its usual daily intake, as Bitcoin neared the $72,000 threshold. According to early insights from Farside Investors, the inflow on March 27 into the ARK 21Shares Bitcoin ETF surged to four times its average daily inflow of $43.9 million since its debut on January 11. This influx almost tripled the previous day’s $73.6 million, significantly outpacing the lack of inflow scenario on March 25. Bitcoin ETF flow table | Source: Farside Investors Meanwhile, Blackrock’s Bitcoin ETF (IBIT) saw…

Bitcoin’s JIGO BRC-20 NFTs topped the non-fungible token market in the last 24 hours with sales reaching US$1.64 million, despite a 21.76% drop. JIGO leads the market for the second consecutive day. The collection witnessed a marginal increase in transactions, up by 2.89%, with 178 transactions. Bitcoin is on pace to become the fourth blockchain to pass US$3 billion in sales this week. As of 2:30 p.m. ET, the network is less than US$700,000 away from the milestone. Ethereum’s Bored Ape Yacht Club (BAYC) experienced a 13% increase in sales, totaling US$1.11 million over the past day. Meanwhile, Solana’s Mad…

Proof-of-stake (PoS) layer-1 (L1) blockchain protocol Cardano (ADA) has sustained its position as the leading network, when profiled by development activity. According to data from crypto analytics platform IntoTheBlock (ITB), Cardano’s GitHub Commits have outranked those of Ethereum (ETH), as well as the other top layer-1 blockchain networks. Cardano and its peers According to ITB data, Cardano has recorded a total of 978,780 commits on GitHub between March 11 and 17. This figure places it above its second major rival, Ethereum, whose collated data within the same period comes in at 407,170. Other featured L1 protocols include Avalanche (AVAX), Litecoin…

Zhimin Qian, the alleged mastermind behind the cryptocurrency laundering, dreamed of being anointed as a Buddhist goddess by the Dalai Lama. Qian also had plans to build a Buddhist temple, an airport, and a port in Danube, a fictitious micronation situated between Serbia and Croatia. Zhimin Qian’s Digital Diary Zhimin Qian, the alleged mastermind behind a crypto laundering scheme, reportedly aspired to be anointed the “Reincarnated Goddess” by the Dalai Lama. Qian, who is reported to have used several aliases to evade law enforcement agencies, dreamt of building a Buddhist temple in Danube, an imaginary micronation between Serbia and Croatia.…

Alchemy Pay, a global Web3 payment solution provider, has recently announced its investment in LaPay UK Ltd, a fintech company based in the United Kingdom, which facilitates international business growth for corporations. Notably, LaPay possesses an Authorised Payment Institution License in the UK, and operates under the regulation of the UK Financial Conduct Authority (FCA). This strategic investment aligns with its objectives to acquire over 20 licenses globally by the year 2024, focusing on regions such as the United States, United Kingdom, Hong Kong, Singapore, Australia, and South Korea. 🚀#AlchemyPay has revealed its investment in LaPay, a UK-based fintech company,…

The market activity of Bitcoin has drawn attention as the changes in ownership patterns have become evident. On-chain data reveals that old established Bitcoin holders, known as ‘old whales,’ are transferring their Bitcoins to new institutional investors, implying a shift in market dynamics. Notably, this movement of Bitcoin is happening between these large-scale holders, known as ‘whales,’ and not spreading widely among retail investors. On the same accord, a chart from analyst Axel Adler Jr., shared by Ki Young Ju, CEO of CryptoQuant, captures the shifting dynamics between investor classes. Old whales are selling #Bitcoin to new whales(TradFi), not retail…

Cross-chain NFT marketplace Magic Eden, which recently jumped to the top of the pack amid growing interest in Bitcoin Ordinals, announced Friday that it plans to support the upcoming Runes fungible token standard on Bitcoin. “Ordinals, Rewards, Runes. The Future of BTC is on Magic Eden,” the marketplace tweeted along with a teaser video. The Rune protocol is set to launch on Bitcoin’s mainnet following the halving, which is expected to take place on April 20. The halving is the quadrennial event baked into the Bitcoin protocol that cuts in half the BTC miners receive for supporting the network. The…

Sam Bankman-Fried is in a Manhattan courthouse again on Thursday to face sentencing after his November conviction on seven different fraud and conspiracy charges tied to the operation and collapse of FTX. The former CEO faces decades behind bars. The U.S. Department of Justice successfully presented a case holding him responsible for FTX losing billions of customer and investor funds during its operation, saying he personally made decisions that led to the exchange’s 2022 bankruptcy. His attorneys requested no more than 6 1/2 years in prison, while prosecutors recommended 40 to 50 years in sentencing memos leading up to Thursday’s…

PostFinance, a prominent retail bank and financial entity in Switzerland, has recently collaborated with Sygnum. The purpose of partnering with the worldwide crypto asset banking network is to provide services regarding digital assets through the B2B banking forum of Sygnum. PostFinance is going to unveil a crypto offering for the provision of protected access to the market with alluring conditions. Sygnum is proud to enable @PostFinance’s crypto offering to its over 2.5 million customers. While our part of the collaboration centres on empowering them to offer cryptocurrencies, we are excited to see their innovative use of AI in creating the…

In a significant move, Google has begun indexing Bitcoin blockchain data into its search engine results. Users can now search for Bitcoin addresses and see transaction details directly in Google searches. NEW: Google has recently started indexing #Bitcoin data into their search engine 👀Huge Development 👏 pic.twitter.com/hIAJfLkYXh — Bitcoin Magazine (@BitcoinMagazine) March 28, 2024 This integration comes after years of Google’s rocky relationship with Bitcoin. The tech giant banned Bitcoin-related ads in 2018 before reversing course in January 2024 and allowing Bitcoin ETF ads after their approval earlier this year. The policy change signaled Google’s warming stance. Now, displaying Bitcoin…