Author: NBTC

In a recent development, Cardano has experienced an unprecedented surge in fund inflows, marking a staggering 1,016% increase in ADA-oriented investment products within just one week. The latest report on digital asset fund flows by CoinShares has revealed that Cardano saw an influx of $6.1 million, propelling it into the spotlight as one of the top contenders in the cryptocurrency market. This surge in investment comes at a pivotal moment for Cardano, as it now boasts the third-largest inflow of funds last week, trailing behind only Bitcoin and Ethereum. With a year-to-date figure standing at an impressive $11 million, Cardano’s…

Top analyst and crypto commentator who goes by @hedge__x on X (formerly Twitter) is sure that Ethereum (ETH) has all chances to outshine Bitcoin (BTC) in the coming bull run. “Max pain for Bitcoin Dominance”: Trader skeptical about Bitcoin (BTC) Bitcoin (BTC), the largest cryptocurrency, is going to set a new all-time high in this cycle. However, even over $100,000 per BTC, it will be disappointing for many Bitcoiners, @hedge__x shared on Jan. 19 on his X. Corn is going higher this cycle but many will be disappointed at $100k peak. ETH has much more upside potential w many more…

The People’s Bank of China announced on Wednesday plans to cut the reserve requirement ratio (RRR) for banks to release more money and boost the economy, a Bloomberg report details, quoting the Central Bank’s Governor Pan Gongsheng. According to that report, the Central Bank’s planned RRR reduction will come in early February and is slated as a 0.5 percent cut. A cut at that level will reduce the amount of cash banks are required to keep in their reserves in order to offer their services. Pan, during a briefing with the press on Wednesday, said the RRR cut will stimulate…

In a recent tweet, prominent crypto trader and investor “Crypto Rand” raised concerns about Ethereum’s scalability, emphasizing the critical challenges it poses for decentralized applications (dApps). The post lamented the staggering average transaction fee on the Ethereum network, standing at almost $5. Crypto Rand’s post called attention to the high transaction fees’ impediments to the seamless functioning of dApps on the Ethereum blockchain. Specifically, the investor argued it becomes nearly impossible for decentralized applications to operate efficiently with transaction costs reaching such levels. This potentially hinders their mainstream adoption and overall utility. To illustrate the severity of the issue, Crypto…

Popular stocks that give investors Bitcoin exposure have continued their slide as the leading cryptocurrency’s price plunges following the highly anticipated launch of spot crypto exchange-traded funds (ETFs) in the United States. The major stocks of public companies that hold Bitcoin—such as MicroStrategy, Tesla, and Coinbase—are down significantly over the past month. Such equities allow investors to have skin in the crypto game—without actually buying and digital assets themselves. But since Bitcoin, the largest and oldest digital coin, has taken a beating this month, so have crypto stocks. MicroStrategy (NASDAQ: MSTR), the largest public holder of BTC with 189,150 coins…

Justin Sun, the co-founder of Tron–a smart contracting platform for deploying decentralized applications (dapps), is once again moving and shuffling millions of dollars. According to Lookonchain data on February 29, Sun reportedly transferred 100 million USDT to Binance, days after moving huge sums earlier this week. Justin Sun moves $100 million USDT to Binance | Source: Lookonchain via X Justin Sun Holds Millions Of ETH: Will The Co-founder Buy More? From February 12 to 24, a wallet associated with Sun acquired 168,369 ETH for an average price of $2,894. This purchase, valued at roughly $580.5 million, currently holds an unrealized profit of…

The ongoing crypto market recovery has revitalized related segments. The non-fungible token (NFT) industry has recorded massive growth over the previous week. Top NFT collections have seen remarkable growth in sales, floor prices, and market cap. NFT sales up 25% Cryptoslam data shows the non-fungible token market attracted buyers during the final week of February. The global NFT sector saw its sales volume increase by around 25% within the previous week to $356 million. NFT buyers surge as crypto market recovers Further, the number of investors purchasing non-fungible tokens climbed by 43% within the past week to approach 1 million.…

Crypto analytics firm Kaiko says that speculative fervor on Ethereum (ETH) hasn’t yet kicked off, despite being well off its 2022 lows. In a new report, Kaiko says that Bitcoin has benefited from the hype surrounding the approval of BTC exchange-traded funds (ETFs) in the US, but that speculation on an Ethereum ETF has not yet begun. The U.S. Securities and Exchange Commission (SEC) has recently decided to delay its decision on banking giant Fidelity’s spot market Ethereum ETF application until March. Says Kaiko, “While there is some hype around ETH ETF applications, the data suggest that aggressive speculation hasn’t…

Jamaica has pledged to invest millions of dollars in upgrading the country’s Point-of-Sale (PoS) equipment to handle JAM-DEX, 18 months after the central bank digital currency‘s (CBDC) launch. JAM-DEX launched in July 2022 as the Caribbean island nation’s push to promote financial inclusion. However, the CBDC’s adoption has been lackluster and has failed to meet its targets despite efforts such as a CBDC-powered digital marketplace. One of the challenges has been that the country’s PoS machines are unable to handle CBDC transactions, and the Bank of Jamaica (BOJ) has pledged to jump in and spend millions of dollars on their…

Bitcoin is making waves on Wall Street, with BlackRock and Fidelity, two of the popular spot Bitcoin exchange-traded funds (ETF) issuers shattering records. Looking at recent trends, spot Bitcoin ETFs are surging in popularity, indicating that institutional investors, or “whales,” are diving headfirst. Fidelity And BlackRock Spot Bitcoin ETFs Break Wall Street Record Mark Wlosinski, a crypto commentator, took to X on February 12, highlighting the meteoric rise of BlackRock (IBIT) and Fidelity (FBTC) Bitcoin spot ETFs. Both have amassed a staggering $3 billion in assets under management (AUM) within 30 days. This feat is historic, marking the first time…