Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Ripple (XRP) Whales Mobilized in South Korean Stock Exchanges! 30 Million XRP Withdrawn from Upbit! Are preparations being made?

Whale Alert, a crypto transaction monitoring platform, has detected a significant movement in the XRP market. As reported by CoinMarketCap, approximately 30 million XRP tokens worth $19 million were withdrawn from Upbit, South Korea's leading cryptocurrency exchange. Rise in XRP Prices Triggered 30 Million XRP Transfer The withdrawal was directed to an undisclosed address labeled “r3ow”, known for its history of processing large XRP transactions. Currently, only 978,122 XRP tokens remain at this address, indicating a rapid distribution to various destinations. 🚨 30,000,000 #XRP (19,009,084 USD) transferred from #Upbit to unknown wallethttps://t.co/3YC9fe1jQv — Whale Alert (@whale_alert) March 22, 2024 Such…

AltcoinsMar 24

SEC Latest Filing in Ripple Lawsuit to Go Public, Date Announced

The U.S. Securities and Exchange Commission (SEC) has filed its opening remedies brief in the ongoing legal tussle against Ripple. Prominent XRP lawyer James K. Filan made this known in an X post today, emphasizing that the SEC’s opening remedies-related brief and supporting documents were filed under seal. #XRPCommunity #SECGov v. #Ripple #XRP The @SECGov has filed, under seal, its opening remedies-related brief and supporting documents. These documents are not public yet. Public, redacted versions will be filed no later than Tuesday, March 26, 2024. — James K. Filan 🇺🇸🇮🇪 (@FilanLaw) March 22, 2024 Public Release Date Since these documents…

RegulationMar 24

Bitcoin ETFs now hold nearly 4% of all bitcoin — and they’re not slowing down

Bitcoin has new buyers in the form of some of Wall Street’s biggest players, and they’re gathering some enormous treasuries. Bitcoin ETFs in the US are now sitting on almost 4% of all bitcoin in existence. Spot funds overall held 776,464 BTC ($47.7 billion) on Friday morning, per BitMEX Research. There’s currently 19.64 million BTC ($1.21 trillion) in circulation, with an eventual limit of 21 million to be reached over the next century or so. Read more: Stop worrying so much about the next Bitcoin halving Led by Grayscale’s Bitcoin Trust (GBTC), the set of 10 physically-backed funds launched on…

BitcoinMar 24

Bots are front-running bots front-running Base meme coins

Bots are front-running other bots in the hopes of front-running meme coin traders. Welcome to the degenerate world of Ethereum layer 2 tokens. Posting to X (formerly Twitter), meme coin trader GK screenshotted four examples of traders building bots to front-run other meme coin traders’ bots. Specifically, a bot is executing an identical sequence of layer 2 blockchain actions across various meme coins on Base, the Coinbase-operated layer 2 atop Ethereum’s layer 1 blockchain. (A layer 2 is a more centralized version of a regular, layer 1 blockchain.) Hahahaha there's a guy on Base launching the most low-effort shitters, adding…

MarketsMar 24

OKX Founder Dismisses Rumors About His Arrest in the United States

In a recent turn of events, rumors have circulated regarding OKX Founder Star Xu’s arrest by American authorities. However, Xu has refuted the claims by posting messages on his official X account. Chinese crypto journalist Colin Wu recently shared an X post, providing updates on the rumors surrounding the United States’ scrutiny over OKX Founder. According to Wu’s X post, Xu has shared three X posts in an attempt to dismiss the rumors. The reporter also shared insights on similar rumors that were frequent after Binance founder Changpeng Zhao’s prosecution in the US. There are rumors in the Chinese community…

RegulationMar 24

Over 97% of Bitcoin holders see profits, IntoTheBlock shows

Crypto analytics firm IntoTheBlock revealed in its weekly newsletter that over 97% of Bitcoin holders are “in the money.” This level of profitability has not been seen since November 2021. During the last instance of such widespread profitability, Bitcoin’s price was approximately $69,000, close to its all-time high. This significant percentage of profitable addresses reduces the impact of selling pressure from users looking to break even. The firm’s methodology involves comparing the average purchase price of Bitcoin held in any address against its current market value. Addresses are classified as “in the money” if the current price of Bitcoin is…

BitcoinMar 24

Coinbase Is More Than Just a Crypto Exchange: JMP Securities

Coinbase's trading volumes are booming in the first quarter, JMP Securities said. The broker sees just as big an opportunity coming from the exchange’s ancillary businesses. JMP has a market outperform rating on the stock with a $300 price target. Coinbase (COIN) is more than just a crypto exchange, and momentum is continuing to build in its ancillary businesses, JMP Securities said in a research report Thursday. “We still estimate material growth opportunities in the exchange business as the market matures, with rising prices generally correlating with activity,” analysts led by Devin Ryan wrote. JMP notes that Coinbase’s daily spot…

MarketsMar 24

DeFi and NFTs on ShimmerEVM, Ready for IOTA EVM Launch

ShimmerSea becomes MagicSea, a leading DEX and NFT marketplace on IOTA EVM, offering real yield for token holders. A major protocol upgrade introduced the Liquidity Book, enhancing DeFi’s trading experience and competitiveness. In an announcement in a post on X, ShimmerSea, a decentralized exchange (DEX) and NFT marketplace, announced that it is undergoing a transition. This change, which led to the project’s rebranding as MagicSea, is significant for both the community and the initiative. MagicSea is positioned to emerge as the leading multi-chain DEX and NFT marketplace by leveraging IOTA technology, opening up new opportunities for DeFi fans across the…

AltcoinsMar 24

EU’s New Anti-Money Laundering Legislation Explained

The European Union Parliament has taken a significant step by outlawing unidentified self-custody crypto wallets for making payments across the region. A recent social media post by Patrick Breyer, an EU Parliament member, revealed that the ban received approval from most of the parliament’s leadership committee on March 19. This move is part of the EU’s broader anti-money laundering (AML) legislation. How Europe’s New AML Regulations Impacts Crypto The new regulations ban all anonymous crypto payments and cash transactions above certain limits. Specifically, they prohibit cash payments exceeding €10,000 or anonymous cash transactions beyond €3,000. The ban also targets self-custody…

RegulationMar 24

Shiba Inu Ecosystem Grows As Major Exchange Integration Signals Shibarium Rise

Top exchange BlueBit integrates Shibarium to allow users to deposit and withdraw Shiba Inu ecosystem tokens, including SHIB, LEASH, and BONE, through the network. The growing interest in Shiba Inu’s L2 blockchain Shibarium does not seem to be ending anytime soon, as another top exchange adds support for the network. BlueBit is the latest crypto exchange to integrate support for Shibarium. Yesterday, the exchange tweeted that Shibarium had successfully integrated into its platform. The exchange anticipates that the integration will foster a stronger bond between the Shiba Inu and BlueSparrow communities and pave the way for more remarkable accomplishments. Shiba…

ExchangesMar 24