Author: NBTC

Anthony Scaramucci, founder and managing partner of Skybridge, asserts that United States President Joe Biden positively impacts the crypto and overall financial markets. Scaramucci’s stance reflects Biden’s proposals for crypto-related legislation in recent years. Joe Biden Potentially a Positive for Bitcoin A recent report indicated that Scaramucci advocates for a president who upholds the traditional hierarchical structure of society as the safest and most likely path to success, including for crypto. “I tell Bitcoiners you are at risk if you get somebody that wants to destroy the institutions of the democracy, separation of powers in the constitution. The country has…

Ethereum, not Bitcoin, is poised to be the cornerstone of the future financial system. This assertion stems from a series of advancements and the inherent characteristics of the Ethereum blockchain. Particularly, in light of the recent Dencun upgrade, which has significantly lowered transaction fees on its network. Ethereum Is About to Change Everything Ethereum’s journey through 2024 has been spectacular. Its market value surged over 58% year-to-date, with revitalization within the NFT sector and stablecoin market capitalization reaching multi-year highs. This surge in Ethereum’s prominence reflects its growing utility and adoption across various sectors, from digital art to DeFi. Moreover,…

Whale Alert, the popular cryptocurrency tracker, which follows large crypto transactions and shares their details with the community, has noticed three hefty SOL transfers made over the past hour. Aside from that, two big SOL chunks exchanged hands without any trading venues involved. This has coincided with a Solana price increase. 🚨 🚨 🚨 436,720 #SOL (57,677,853 USD) transferred from unknown wallet to unknown wallethttps://t.co/QudI24vmnd — Whale Alert (@whale_alert) March 1, 2024 Almost $163 million in Solana on the move The aforementioned data source detected five large Solana transfers, each carrying tens of millions of US dollars in the SOL…

Several allies joined Coinbase Inc. (COIN) in its court fight against the U.S. Securities and Exchange Commission (SEC) to force the agency to rethink its refusal to write specific rules to govern the crypto industry, with Paradigm, the Crypto Council for Innovation and others filing outside arguments with the circuit court. A lawyer for Paradigm argued in a friend-of-the-court filing on Monday that the SEC is trying to treat crypto as if it comes from the old financial system the agency is accustomed to, in which a firm issues a security and should be responsible for informing the public about…

In a significant move that marks the melding of cutting-edge Web3 solutions and interoperable blockchain infrastructure, THXNET., a pioneering entity in the Web3aaS (Web3 as a Service) sector, has unveiled a strategic partnership with Coinweb, a prominent layer 2 interoperability platform. This collaboration is poised to usher in a new era for the Web3 ecosystem, enhancing the transition of Web2 enterprises into the decentralized realm. THXNET., recognized for its comprehensive Web3aaS Plug & Play Blockchain Network innovations, aligns its resources with Coinweb’s advanced technological framework. This partnership is fueled by a mutual commitment to improve blockchain interoperability and scalability, thereby…

BlackRock’s iShares Bitcoin Trust (IBIT) now has more than $10 billion in assets under management (AUM), according to data from CoinGlass. Bloomberg ETF analyst Eric Balchunas noted that IBIT is one of just 152 exchange-traded funds (ETFs) that have reached the $10 billion mark. Currently, roughly 3,400 ETFs exist in total. He observed that IBIT is the fastest to reach $10 billion in AUM. The fund began trading less than two months ago on Jan. 11, meaning that it reached its current level in less than two months. ETF.com separately noted that the first gold ETF did not reach $10…

Over the years, Non-Fungible Token (NFT) trends have witnessed a remarkable transformation, reflecting the dynamic nature of the digital market and the growing integration of blockchain technology. From their nascent stages to becoming a mainstream phenomenon, NFT trends have evolved to encompass a wide array of applications, from art and collectibles to gaming and real-world asset tokenisation. NFT market growth Notably, the revenue growth rate of the NFT market has been nothing short of remarkable, reflecting the exponential rise in demand for digital assets and the adoption of blockchain technology. According to data from statista, NFT market revenue is projected…

A widely followed analyst predicts that Ethereum (ETH) will see rallies to the tune of 125% from current levels during this crypto bull market. The anonymous host of InvestAnswers tells his 494,000 YouTube subscribers that he’s using the layer-in, layer-out model to determine potential price targets for the native asset of the leading smart contract platform. The layer-in, layer-out model is based on various factors such as trend analysis, volatility and market behavior. Says the host of InvestAnswers, “I do believe it [Ethereum] could run quite a bit. And per our layer model, it could reach $8,000. But I do…

While Binance, the world’s largest cryptocurrency exchange, continues to affect prices with its altcoin listings, it made its last listing decision for the altcoin named Axelar (AXL). While this decision caused a significant increase in the price of AXL, a smart investor who took advantage of this listing news earned $ 56,000 in eight minutes. According to Lookonchain’s post, he bought AXL immediately after hearing about Binance’s AXL listing and sold the AXLs he bought exactly eight minutes later. He earned $56,000 from this short-term trade. “A trader quickly spent 500K USDT to buy AXL 1 minute after Binance announced…

The Hyperledger Foundation currently has 134 members, including DTCC, IBM and American Express. Hyperledger also announced the launch of a financial services working group, which includes the likes of Accenture, Mastercard and Visa. Citi and the Brazilian Development Bank (BNDES) have joined the Hyperledger Foundation to work collaboratively on fostering enterprise-grade services and solutions using blockchain technology. Enterprise blockchains are permissioned and, therefore, can be accessed only by verified users, unlike public blockchains. The Hyperledger Foundation is a global ecosystem for enterprise blockchain technology, which currently has 134 supporting members, including IBM and American Express, according to the company. Members…