Author: NBTC

In a recent statement, famous cryptocurrency analyst Willy Woo shared his prediction for the highest price level that Bitcoin can reach in the future. Willy Woo Made an Absurd Bitcoin Price Prediction Like a Science Fiction Movie According to Woo, the cap price for Bitcoin could be as high as $45 billion per coin by 2335, measured in 2024 US dollars. This forecast assumes current growth rates of economies and a Kardashev 1 economy. Woo’s calculation is based on a few key assumptions: The money is equal to about a 1:1 ratio of world GDP. The money is equal to…

More than $5.4 million worth of collateral has been liquidated across defi platforms in the past 24 hours. Ethereum took the most brutal hit, accounting for $4.2 million of the total liquidations. According to data from Parsec, a further threat of destabilization if ETH drops to $3,008 could trigger an additional $24 million in liquidations. On-chain derivatives exchanges such as GMX, Kwenta, and Polynomial have been at the center of these liquidations, which cumulatively triggered over $52 million in the past day alone. When collaterals are liquidated in the context of defi, it means that assets pledged as security for…

While Madoff has remained the top household name for financial fraud for the past 16 years, it may finally be time to anoint a new fraud king: the former head of Evergrande, Hui Ka Yan. Evergrande collapsed in 2021 after three years of being the largest and most valuable real estate company in the world. The success of the company also briefly made Hui the wealthiest individual in China. But as the Chinese real estate market began to falter, the books for Evergrande looked more and more cooked, and by 2023, the company was bankrupt and facing liquidation. Read more:…

Despite not recording any Shibarium-powered burns in February 2024, Shiba Inu still witnessed the incineration of over 643 million tokens last month. Leading canine-themed crypto project Shiba Inu witnessed hundreds of millions of SHIB tokens burned in the past month. According to data shared by Shibburn, the Shiba Inu community incinerated a total of 643,656,418 (643.65 million) tokens worth $8,264 in February 2024. Shibburn noted that the 643.65 million tokens were sent to Shiba Inu’s official dead wallets in 134 transactions. 🔥🔥🔥 643,656,418 $SHIB tokens have been burned in the month of February with 134 transactions. #SHIB pic.twitter.com/F6ihbnd76o — Shibburn…

In a recent setback for the U.S. Securities and Exchange Commission (SEC), the Fifth Circuit Court of Appeals placed the SEC’s climate reporting regulations temporarily on hold. This decision marks a notable pause in the SEC’s efforts to require companies to disclose their greenhouse gas emissions and other climate-related information, Bloomberg reports. Stuart Alderoty, Ripple’s chief legal officer, pointed to this event as yet another loss for the SEC. The pause comes as a result of a request from Liberty Energy, which argued that the new rules would cause irreparable harm due to compliance costs and constitutional issues. Despite the…

TL;DR Institutional interest in Bitcoin reaches record in the CME futures market. RHODL Ratio shows bullish potential for Bitcoin. Despite the high RSI, the decline in social dominance suggests possible growth in the short term. In the fascinating world of cryptocurrencies, Bitcoin (BTC) remains the undisputed protagonist. During the week, we have witnessed a significant milestone: open interest in the Bitcoin futures market on the Chicago Mercantile Exchange (CME) has reached an all-time high of $9.08 billion, according to official data from CoinGlass. This impressive figure suggests growing institutional interest in BTC, which could have major implications for its price…

Investment management giant BlackRock (BLK) has created a tokenized asset fund, according to a document filed to the U.S. Securities and Exchange Commission (SEC). The BlackRock USD Institutional Digital Liquidity Fund was incorporated on the British Virgin Islands and will be launched in partnership with tokenization firm Securitize. Blockchain data shows that the fund was seeded with $100 million in Circle’s USDC stablecoin using the Ethereum network. The move follows BlackRock’s foray into digital asset fund after listing a spot-based bitcoin (BTC) exchange-traded fund (ETF) in January, which amassed over $15 billion of assets under management. The company also filed…

A blockchain address that made millions in profit from investing in PEPE has now moved money into Shiba Inu (SHIB) and the GameFi ecosystem. With the cryptocurrency bull market now in full swing, investors are on the lookout for opportunities to rotate into different assets for profit maximization. This has proven to be the case with one whale spotted switching his portfolio. Precisely, on-chain tracker Lookonchain identified an Ethereum address that made huge profits investing in green frog-themed memecoin, PEPE. The whale realized a profit of $3.49 million on their PEPE investment, booking his profit into other cryptocurrencies. The whale…

Sam Bankman-Fried, the disgraced founder of the collapsed FTX crypto exchange, seemingly intended to rehabilitate his image by appearing on Tucker Carlson’s show and criticizing the “woke agenda.” On March 15, a Google Document titled “random probably bad ideas” surfaced as part of Bankman-Fried’s prosecutors’ sentencing submission. Bankman-Fried’s lawyers, meanwhile, are advocating for a 50-year prison sentence as opposed to the maximum sentence of 115 years in prison. With a 50-year sentence, Bankman-Fried would be 82 years old at the time of release. Noteworthy among the suggestions on Bankman-Fried’s list of “random” ideas was the proposal to sit for an…

Bitcoin’s financial footprint has expanded significantly, with its market cap now exceeding that of Meta (formerly known as Facebook). This marks a significant moment in the digital asset’s journey, placing it just behind six of the world’s most substantial publicly traded companies, including tech giants and an energy titan. The investment darlings The unprecedented surge in Bitcoin’s market cap comes amid a broader rush of investments into tech stocks and cryptocurrencies. According to a report from Bank of America Global Research, investors have recently injected the most capital into technology stocks since last August. The investment landscape is notably tilting…