Author: NBTC

In response to a bold statement about Bitcoin (BTC) and de-dollarization from 76-year-old American politician Hilary Clinton, Galaxy Digital CEO Mike Novogratz has dragged in the impact of the politicians on the valuation and relevance of the US Dollar. Shifting Blames to Bitcoin on De-Dollarization Clinton, the Former United States Secretary of State stated in the Bloomberg New Economy Forum that Bitcoin has the potential to undermine the Dollar as a reserve currency. By this statement, the politician was talking about the potential consequences of digital currencies on de-dollarization. The concept of de-dollarization involves several entities trying to reduce their…

With the Dencun update a week away, there’s now 31.387 million Ethereum—worth approximately $116 billion—staked on the Beacon Chain. After seeing a slight dip in early January, the amount of ETH staked on the network has grown steadily and increased by 9% since the start of the year, according to Staking Rewards. At the time of writing, the Ethereum price is sitting at around $3,720, up 6.5% on the day and 14.1% on the week, per data from CoinGecko. Ethereum changed from using a proof of work consensus mechanism, like Bitcoin, to proof of stake in September 2022. The event…

Leading crypto payments company Ripple Labs will buy back a substantial amount of its shares in a bid to bolster investors’ confidence. The development was first revealed to Reuters by an anonymous source. According to Reuters, Ripple will buy back $285 million of its shares from its employees and early investors. The source said that investors in this category are only allowed to sell up to 6% of their holdings. The investment, also known as a tender offer, will put Ripple’s valuation at around $11.3 billion. Ripple to Splash $500M to Buy Back Shares Ripple, while confirming the development, told…

VeChain and BCG have joined forces to tackle global challenges through innovative blockchain solutions, focusing on sustainability and transparency. Their partnership goes beyond theoretical discussions, involving practical initiatives like project funding, hackathons, and mentorship programs. In a significant stride toward addressing global challenges, VeChain has teamed up with the Boston Consulting Group (BCG) to harness blockchain technology’s potential. This strategic alliance is marked by a series of collaborative efforts, including joint whitepapers, dedicated project funding, organized hackathons, and a strong advocacy for sustainable practices. The core objective is to blend BCG’s strategic acumen with VeChain’s technological prowess to craft cutting-edge…

The cryptocurrency market is witnessing an intriguing development as Ethereum (ETH) is on the brink of potentially breaking a significant price resistance. According to the latest market analysis shared by the co-founders of Glassnode, a leading blockchain analytics firm, Ethereum is showing promising signs of a bullish run that could see its value surge towards the $4,000 mark. Through a detailed tweet from Negentropic, an X (formerly Twitter) account run by Glassnode’s co-founders, the recent market dynamics were dissected. The post outlined Ethereum’s market behavior, noting its recent price actions mirroring those of Bitcoin (BTC), the leading cryptocurrency by market…

Whales have been accumulating Shiba Inu (SHIB) on non-exchange addresses for the past two months, signaling that the institutional investors are confident of the coin’s long-term prospects. Technical indicators reveal that there has been consistent capital inflow into the Shiba Inu ecosystem, even as other meme coins fail to attract institutional investors. Shiba Inu has traded sideways since the turn of the year, gaining a measly 1.18% in the past four weeks. However, this dip in volatility seems to be working for institutional investors who have continued to accumulate SHIB en masse. In the past two months, Shiba Inu whales…

According to HODL15Capital, a self-described Capital Compounder, nine newly launched spot Bitcoin ETFs now hold more Bitcoins than Michael Saylor’s Microstrategy. In a recent post on X (formerly Twitter), HODL15Capital noted that the identified nine ETFs purchased 216,309 Bitcoins, equivalent to $10.3 billion in 20 days. The new spot #Bitcoin ETFs hold more $BTC than @saylor ‘s $MSTR The 9 new ETFs purchased 216,309 Bitcoin (worth $10.3 Billion!!!) in just 20 days 💥$IBIT $FBTC $ARKB $BITB $BRRR $BTCO $HODL $EZBC pic.twitter.com/i8amhqCjWF — HODL15Capital 🇺🇸 (@HODL15Capital) February 11, 2024 HODL15Capital shared a bar chart that reflects the BTC purchased by the…

Ethereum just surpassed the $3,800 level as Bitcoin recorded a new all-time high of over $69,000. ETH could climb back to its all-time high But it’s conceivable that ETH could continue to rip higher from here and even reach the $4,800 high it recorded in November of 2021 because the bulls seem to be playing the long game here. That would suggest another 25% upside from here. Ethereum is trading well above the 50% Fibonacci retracement at writing – and even though it is massively overbought, the Awesome Oscillator (AO) continues to show huge green bars suggesting continued volume that…

The SEC’s approval of Spot Bitcoin ETFs in the United States has sent ripples throughout the crypto market. Tron Founder Justin Sun, a prominent figure in the crypto space, expressed optimism about this decision and its implications. This development not only marks a significant milestone for the crypto market but also opens the door to wider global acceptance of cryptocurrencies, with a particular focus on China’s potential entry into the Spot Bitcoin ETF arena. The anticipation surrounding this decision contributed to approximately 160% gains in Bitcoin’s price in 2023, underlining the significance of this regulatory milestone. This approval signals a…

LUNC News: Terra Luna Classic proposal making KYC compulsory for all L1 developers is approved by the community after contradictory voting by members and validators. Community members in favor of the proposal calls it a defining moment, with a massive voting turnout of 90.5%. As the Terra Luna Classic community pushes to increase development on the chain with third-party developers, it became crucial to introduce some security measures to prevent detrimental damage to the chain. Terra Luna Classic KYC Proposal Passes Terra Luna Classic proposal 12033 “Compulsory KYC for all L1 developers” by SolidVote LUNC Validator officially passed by the…