Author: NBTC

In a surprising turn of events, the price of Dogwifhat (WIF), a prominent meme coin on the Solana blockchain, has experienced an unprecedented surge, catapulting by over 40% in the past 24 hours alone. This surge has not only positioned WIF as one of the most dynamic assets among established cryptocurrencies but has also sparked widespread intrigue within the crypto community. The remarkable ascent of WIF coincides with the broader uptrend in the cryptocurrency market, marked by Bitcoin breaching the $50,000 threshold and the onset of what many deem as the altcoin season. However, what sets the surge of Dogwifhat…

OP_CAT has the goal of restoring functionality that was available in early versions of the network software but was removed by Satoshi Nakamoto in 2010. The BIP’s developers see OP_CAT as a simple upgrade to introduce greater functionality for the building of L2s, decentralized exchanges or even file hosting. Such concepts however often prove contentious among some members of the Bitcoin community. As Bitcoin developers experiment with features and upgrades that increasingly resemble the vibrant activity on alternative blockchains like Ethereum, some of programmers are pushing for a revival of a piece of code that existed on the network in…

Chief Economist and Bitcoin antagonist, Peter Schiff has made another controversial statement about BTC, comparing the world’s largest cryptocurrency to gold, while expressing skepticism about BTC being lauded as the “digital gold.” Bitcoin Is “Digital Anti-Gold” In a February 27 post on X (formerly Twitter), Schiff publicly criticized Bitcoin’s title as the digital gold, asserting that the cryptocurrency should be seen as a bet against gold instead of a digital counterpart of the precious metal. While the renowned economist has stated that “Bitcoin is not digital gold,” he has also provided his version of a more accurate description of Bitcoin,…

Key Takeaways Trust Wallet has launched a new Pooled ETH Staking feature that enables more users to participate in Ethereum staking and earn rewards. By partnering with Kiln, Trust Wallet can pool together assets from multiple users to meet the required 32 ETH minimum balance to run a validator node. Key benefits include higher rewards, lower fees, enhanced security, and easy in-app access to staking, making it more equitable and accessible. Removing the high 32 ETH requirement aims to incentivize Trust Wallet’s large user base to adopt ETH staking, further decentralizing and strengthening the Ethereum network. Trust Wallet, a popular…

While all eyes are on the leading cryptocurrency Bitcoin, the price rose above $42,000 while the FED’s January interest rate decision was awaited. At this point, Coinshares, which publishes its weekly cryptocurrency report, said that there was an outflow of $ 500 million last week. “Cryptocurrency investment products experienced an outflow of $500 million this week. Last week, Grayscale outflows totaled $2.2 billion; however, data shows outflows are beginning to decline as the daily total continues to decline throughout the week.” When looking at crypto funds individually, it was seen that the majority of fund inflows were in Bitcoin. While…

The CKB token of Nervos Network has rapidly soared by over 55% shortly after developers released RGB++, an extension protocol base designed to work with Bitcoin. According to data from CoinMarketCap, Nervos Network‘s CKB has experienced a noticeable surge of over 55% following the release of RGB++, an extension protocol designed to enhance compatibility with Bitcoin. Over the past 24 hours, the trading volume of CKB increased by over 1,800% up to $116.4 million, data shows. CKB price in USD | Source: CoinMarketCap This surge propelled the token to levels not seen since 2022. While the exact reason behind the…

In a recent tweet by on-chain analyst SpotOnChain, an entity made substantial Ethereum (ETH) withdrawals and subsequent staking activity. Meanwhile, Aave, a prominent decentralized finance (DeFi) platform, is on the verge of a major upgrade. Over the past 2 days, an entity with 8 wallets withdrew $46.02M in $ETH from #Binance and #Bitfinex at ~$2,419, then staked with #Lido:– 5 wallets withdrew 50.15M $USDT from #Aave to CEX for 19,021 $ETH ($46.02M).– 3 wallets still hold ~30M $USDT in #Aave and may deposit it… pic.twitter.com/vqPYTTaWjT — Spot On Chain (@spotonchain) January 23, 2024 Over the past two days, a crypto…

Binance’s venture arm said in a recent X post it did not participate in SkyArk’s latest $15 million funding round, despite the project stating the opposite. In an X post on Jan. 29, the venture arm of Binance said did not take part in SkyArk’s latest financing round in 2024, raising concerns about the circumstances surrounding the apparently false announcement. The statement clarifies that Binance Labs had solely invested in SkyArk in 2021 through its Incubation Season 3 program. SkyArk Chronicles is a project incubated and invested in by Binance Labs in 2021 through Incubation Season 3; please note that…

More whales have started accumulating Chainlink (LINK), a trend that coincides with a bullish uptick in the price of the token. The major drawdown in the market is gradually wearing off with the majority of altcoins, including LINK recouping some of their lost values since the start of the month. For LINK, the token is trading at $20.18 with a relative price surge of 0.6% in 24 hours. Chainlink currently boasts a market cap of $11,847,469,369 amid the price surge. Its trading volume has surged 24% in 24 hours to $797,371,569, showcasing the brighter shift in momentum for the asset.…

Founder of SkyBridge Capital Anthony Scaramucci has taken to the X/Twitter social media platform to draw the crypto community’s attention to the fact of BlackRock’s Bitcoin inflows reaching an important new high. BlackRock’s IBIT inflows cross $5 billion mark He tweeted that BlackRock’s spot-based Bitcoin ETF IBIT has reached an astounding level of inflows — $5 billion — while, just recently, within the first month of launch since Jan. 11, this figure sat at $3 billion. According to the official website of the IBIT Bitcoin ETF, as of Feb. 13, the amount of funds under management constituted $4,696,401,511. Today, Scaramucci…