Author: NBTC

Ether (ETH), the native token of the Ethereum blockchain, has shown substantial gains recently after trailing market leader Bitcoin (BTC) for most of the current market cycle. However, ETH is now nearing a crucial resistance level of $3,500, and data suggests the bulls may struggle to break through. According to a post on blockchain analysis platform CryptoQuant’s Quicktake by Amr Taha, the number of ETH tokens moving to derivatives exchanges is rising rapidly. This significant inflow often indicates that traders are opening short positions, which could hinder Ether’s upward momentum. Data from Coinglass’s ETH Exchange Liquidation Map shows that $1.93…

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In a rather surprising development, a transaction on the XRP Ledger has led to the burning of 10,000 tokens, sparking speculation within the crypto community. The incident was reported by XRP Explorer XRPscan, which tweeted a “moment of silence” for a transaction in which 10,000 drop tokens were burned at once. XRPscan likewise shared a screenshot of the transaction details. The tweet left many wondering whether this burn was a mistake or a deliberate action. A moment of silence for https://t.co/jyprxCMJcU @DropCoinXRPL pic.twitter.com/DmbzrDyzNs — XRPScan (@xrpscan) October 28, 2024 Thomas Silkjaer, Head of Analytics and Compliance at InFTF, weighed in…

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The UK’s Economic Secretary to the Treasury has said the Digital Securities Sandbox is set to help facilitate the adoption of distributed ledger technology across capital markets. Examining Benefits of DLT in Debt Issuance Process Tulip Siddiq, the United Kingdom’s Economic Secretary to the Treasury, said the recently opened Digital Securities Sandbox (DSS) will help the financial services sector adopt distributed ledger technology (DLT) across the country’s capital markets. Siddiq said that by making minor amendments to legislation and regulatory rules, the sandbox will enable participating firms to create novel platforms for creating, trading, and settling securities. In her keynote…

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CARV has announced its exciting partnership with Mind Network. CARV is a Web3 data exchange platform, while Mind Network is an encrypted Web3 infrastructure builder. This partnership solidifies CARV’s dedication to fostering secure and private data exchange within the rapidly evolving Web3 space. We are excited to collaborate with @mindnetwork_xyz as they lead the charge in building fully encrypted Web3 infrastructure!By integrating with Mind Network, CARV strengthens its commitment to secure, private data exchange and governance, advancing a privacy-first Web3… pic.twitter.com/bodFdUDJnv — CARV (@carv_official) November 26, 2024 CARV, a Web3 data exchange and governance platform, has made a bold step…

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As per latest data, whales are getting ready for a potential Bitcoin price surge. The current whale ratio on spot exchanges, tracked via a 30-day moving average, mirrors patterns seen after the COVID crash in 2020, according to CryptoQuant. This suggests that large Bitcoin holders are actively accumulating coins. Whales are ready“When looking at the whale ratio on spot exchanges represented by a 30-day moving average, the current whale ratio shows a similar pattern to what we observed after the COVID crash in 2020.” – By @Woo_MinkyuRead more 👇https://t.co/5yERUxcat3 pic.twitter.com/k6VZHvlhBr — CryptoQuant.com (@cryptoquant_com) October 18, 2024 Whales Accumulate Bitcoin in…

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VanEck Digital Assets Research Head Matthew Sigel counters critics who think Ethereum is dead amid surge in ETH CME Open Interest. In latest Ethereum news today, ETH recently criticized for lagging behind other assets during the latest uptrend, has taken center stage. While its performance trailed several altcoins during the latest market surge, latest developments suggest a major change. For context, between Nov. 5 and 12, Ethereum rose by 44%, reaching $3,447. However, this growth fell short compared to altcoins like XRP, which recorded much higher gains during the same period. Following its climb, Ethereum corrected sharply, dropping nearly 10%…

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Data shared by the popular tracking platform Shibburn has revealed that the SHIB burn rate has shown an impressive 108% rise recently. However, there is a catch in this good news, despite nearly 100 million SHIB meme coins being torched in total. This has coincided with several consecutive attempts to break out recently. Over the last day, SHIB has attempted to pare its recent losses and rose by less than 2%. The overall price surge since Friday constitutes 3.15%. Weekly burns spike 108% Per a recent tweet published by Shibburn, the weekly burn rate of the second largest meme cryptocurrency,…

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According to a recent decision from the US District Court for the Northern District of California, decentralized autonomous organizations, or DAOs, may not provide the liability protection the industry once thought. In a seminal case, a Federal Court in California ruled that, despite the governing body being a DAO, several prominent investment firms may in fact be managing Lido’s operations and may be liable for its wrongdoings – i.e., Lido DAO may not be decentralized or autonomous. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. Court Ruling Challenges DAO Liability Shield Lido failed to…

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SFTs combine fungibility and uniqueness, offering unparalleled flexibility for diverse applications like gaming and ticketing. These tokens reduce transaction fees and enhance liquidity, making them a superior choice for digital asset trading. SFTs are revolutionary in sectors like gaming, events, and collectibles, addressing real-world challenges effectively. Flexibility and Interchangeability: A Superior Fusion Another appealing feature of SFTs is that they are simultaneously fungible and nonfungible tokens. In so doing, they make them flexible, and from this perspective, the tokens panel can act as indicators of fungible assets, such as tickets to an event, and then shift back to assets that…

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Bitcoin is showing signs of a robust recovery, with its price approaching the crucial $70,000 mark. During the past week, Bitcoin surged approximately 9%, indicating a strong bullish sentiment among investors. In a recent conference call, BlackRock’s CEO emphasized Bitcoin’s significance as a unique asset class. This article explores Bitcoin’s remarkable weekly performance and its implications for the broader cryptocurrency market amid positive sentiments from major financial institutions. Bitcoin Approaching $70,000: A Strong Weekly Surge As of the latest trading sessions, Bitcoin has recorded a remarkable weekly gain of about 9%, bringing its price to approximately $68,800. This upward trajectory…

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