Author: NBTC

Cathie Wood’s Ark Invest has made headlines once again as it continues to divest Coinbase shares, shedding another $27.2 million worth of COIN on Tuesday, according to the investment firm’s latest trading filing. Cathie Wood’s Ark Invest Continues Coinbase Selling Spree The famous investment firm, led by Cathie Wood, sold 106,000 Coinbase shares across three exchange-traded funds (ETFs). This latest move comes on the heels of a $69 million sale on Monday, bringing Ark’s total Coinbase divestiture this week to nearly $100 million. Coinbase’s decision to rebalance fund weightings amid a sustained rise in its stock price is seen as…

In the midst of cryptocurrency activity, WIF defied expectations and surpassed Bonk to become the fourth largest memecoin by market capitalization. This sudden turn of events has shocked the crypto community, getting them excited and curious about WIF’s meteoric rise. $WIF has overtaken $BONK by market cap pic.twitter.com/0GDhoV3fnX — CoinGecko (@coingecko) March 3, 2024 WIF Emerges as Top Player in Memecoin Arena WIF has risen dramatically due to its impressive recent performance. WIF’s value has risen an unprecedented 40% in 24 hours, and trading volumes have reached multiple nine-figure levels. WIF is one of the most sought-after pairs in the…

Prominent lawyer John Deaton has made a significant donation to support his Senate campaign against U.S. Senator for Massachusetts, Elizabeth Warren. In a tweet yesterday, Attorney Deaton said he had donated $500,000 of his personal money to the cause. He expressed confidence in his ability to defeat the crypto-hostile senator in the November 2024 Senate election. I put in $500K of my own money because I know I can win. Please help me get to $1 million by March 31. Donate traditionally or through Crypto because freedom is on the line. https://t.co/qgDX3PTWJQ — John E Deaton (@JohnEDeaton1) March 15, 2024…

While the Bitcoin network is poised to see significant growth in its Layer-2 (L2) ecosystem, “finding an optimal mechanism to maintain finality” on the network remains an inherent limitation that prevents this from happening, Mithil Thakore, the co-founder and CEO of Velar, has said. Thakore also identified the yet-to-be-optimized “bridging of native Layer-1 (L1) assets to L2 and back” as another obstacle to the L2 ecosystem’s growth prospects. The Transition From BRC 20 to BRC 420 However, in his written responses to Bitcoin.com News, Thakore acknowledged that preliminary results of solutions such as Bitvm and Drivechains suggest a breakthrough may…

Bitcoin took 10 minutes to return to parity with euro trading pairs on other exchanges. Flash crashes are typically attributed to a lack of liquidity or a “fat finger” trade. Bitcoin (BTC) lost 23.7% of its value against the euro on Coinbase (COIN) Tuesday during the period of high volatility that followed the crypto’s surging to a record U.S. dollar high of $69,325. BTC momentarily plunged to €48,529 from €60,000 on Coinbase, while on Kraken, for instance, the price only went as low as €58,400. The reason for the flash crash remains unclear and it took 10 minutes for the…

In a significant move towards expanding its capabilities, Request Finance has announced the acquisition of Consola Finance. This strategic development marks a pivotal moment for Request Finance, enhancing its position as the ultimate enterprise finance platform for both crypto and fiat operations.—With the integration of Consola Finance, Request Finance is set to offer a comprehensive suite of services, including Crypto Accounting, catering to the needs of finance professionals and certified public accountants (CPAs) engaged in operations involving crypto and fiat currencies.”By welcoming Consola Finance into the Request Finance family, the platform is poised to deliver a unique all-in-one finance platform.”Jacob…

According to Arkham Intelligence, a savvy trader has capitalized on the Solana meme coin Dogwifhat (WIF) frenzy, generating 33,000% returns on his Solana investment. In a new tweet, Arkham Intelligence spotlights onchainclown, a Solana trader who has traded dozens of meme coins over the past two months. The trader was able to turn $6,000 in SOL into millions in realized profit, growing his SOL investment by 330 times. Elite Trader Analysis: 330x on SolanaIt’s Solana season – again.With $WIF breaking above a $1B valuation, let’s flashback to one of the traders we looked at almost 2 months ago.onchainclown.sol previously made…

Stuart Alderoty, chief legal officer (CLO) of Ripple, takes another jibe at the U.S. Securities and Exchange Commission (SEC) and Chair Gary Gensler. It follows after an appeals court puts a temporary stay on the SEC’s climate disclosure rule. Ripple CLO Slams SEC and Gary Gensler Stuart Alderoty has been a major critic of the regulatory actions and policies of the U.S. SEC under the leadership of Gary Gensler. Judges have called the SEC’s actions capricious and arbitrary and even remarked Gary Gensler for hypocrisy in Ripple lawsuit. The SEC has lost many arguments against Ripple. Ripple CLO took to…

The ability to achieve economies of scale is the foundation of much of the world’s modern wealth. In the original Ford Motor factory in Detroit, the company managed to gradually take the time required to assemble a model T from 12 hours to 93 minutes. The process of endless methodical improvement included everything from just speeding up the production to offering few or no options (“any color you want, as long as it’s black”) to finding a version of black paint that would dry faster than others. I believe we’re at the beginning of a new cycle of disruption, this…

Investors are “long bitcoin and short miners” as it’s safer to put money into bitcoin spot ETFs rather than taking on risk that may arise from holding miners ahead of the upcoming Bitcoin halving. Miners need to prove they can generate strong returns to persuade investors to rotate back into their stocks. Historical patterns suggest mining stocks may rally after the halving, while transaction fees, M&A and other strategies might help them stay profitable. The crypto community is abuzz about bitcoin (BTC) reaching an all-time high on Tuesday. But the share prices of miners – who play a vital role…