Author: NBTC
According to recent data from CryptoQuant, Ethereum (ETH) reserves on centralized cryptocurrency exchanges have dropped to a nine-year low. Experts suggest that this dwindling ETH supply could indicate an impending ‘supply shock,’ potentially fuelling a significant rally in the cryptocurrency. Ethereum Reserves At 9-Year Low Ethereum, the second-largest cryptocurrency by market cap, continues to trade within the mid-$2,000 range, sitting at $2,721 at the time of writing. Unlike Bitcoin (BTC), ETH has had a relatively quiet 2024, struggling to break past its all-time high (ATH) of $4,878, recorded in November 2021. This lackluster price action has contributed to waning investor…
It’s widely accepted that the United States holds approximately 147.3 million ounces of gold at Fort Knox. However, Elon Musk and others have decided to publicly question this fact. Daniel Ivandjiiski, the blogger behind ZeroHedge, has taken to X to make the claim that the last time someone saw the gold was way back in 1974. Musk, who’s now a special government employee, responded to this claim, demonstrating his surprise that it’s not checked more frequently. He then posted a meme that implied the gold at Fort Knox was gone. Unfortunately for the credulous Musk, Ivandjiiski is lying. Images released…
In the last 24 hours, RENDER crypto has shown impressive growth. It noted a 13% price increase and a 60% rise in token usage. Backed by major partnerships with platforms like Dropbox and Blender, and cutting-edge tech like Maxon Redshift and AI, RENDER crypto is on track for significant growth. Massive Partnerships Fuel Growth For RENDER Crypto RENDER has managed to take big leaps forward in building good, solid partnerships. They are helping it gain traction and generate demand for the token. It also counts alliances with Dropbox, which has over 700 million users and Blender a platform with over…
A federal court has outlined just how extensive Sam Bankman-Fried’s assets were before the young CEO of FTX was tried and imprisoned for fraud, and the government swooped in to seize roughly $1 billion in financial assets and two aircraft. The final order of forfeiture issued on Tuesday by the U.S. District Court for the Southern District of New York formally severed Bankman-Fried’s ownership stake in a property list dozens of pages long. The court document revealed the wide swath of assets the one-time billionaire claimed ownership in, including extensive crypto holdings of Alameda Research, the trading firm SBF co-founded.…
Former Binance CEO Changpeng ‘CZ’ Zhao believes that crypto wallets should be the primary interface for everyday blockchain usage, while exchanges should mostly serve professional traders and liquidity providers. CZ expressed this in a recent X (formerly Twitter) discussion with Trust Wallet CEO Eowyn Chen. CZ Thinks Crypto Wallets and Exchanges Have Very District Use Cases Although no longer a boss, CZ lives a pretty busy life every day, as he revealed in this latest discussion. The former Binance CEO is now committed to looking for new investment opportunities with YZI Labs (previously Binance Labs). He’s also actively contributing to…
Investor Luke Gromen believes that the winds are shifting in the US, creating conditions that could boost Bitcoin (BTC) to price levels never seen before. In a new interview on the Julia La Roche Show, the macro guru says he has “very high conviction” that policymakers in the US will weaken the dollar this year in an effort to rebuild the country’s defense industrial base. Last month, Gromen said that the US realized it was facing a national security crisis after being defeated by Russia in Ukraine. The investor noted the Department of Defense is now willing to debase the…
Ethereum gas fees have dropped significantly, with the average cost of a transfer now at just $0.41, far below the $15.21 peak seen in the past two years. According to on-chain analytics firm Santiment, low gas fees often suggest a network that isn’t overly congested, which can be a bullish signal for Ethereum’s (ETH) mid-to-long-term price outlook. 💸 The average fee of an Ethereum transfer currently sits at just $0.41, in contrast to the $15.21 high point of the past 2 years. When Ethereum transaction fees are low, it usually means the network is not overly crowded. When users are…
As per a latest report from Bloomberg, Crypto custody firm BitGo Inc. has introduced a global over-the-counter trading desk for digital assets as part of its plan to go public. With rising demand for cryptocurrencies from institutional investors, BitGo is expanding its services. Besides, the firm, one of the largest US-based custodians for digital assets, is reportedly considering an initial public offering, according to sources earlier this month. BitGo’s new OTC desk will offer institutional investors spot and options trading, as well as lending to facilitate margin trading, the company announced. Since early last year, it has been serving selected…
With a price of $2.37 per coin, XRP is now more of a threat to Ethereum (ETH) than most people think. To surpass Ethereum’s market capitalization, XRP would need to reach $4.36, which is an increase of 83.4%. This potential shift has caught attention, reflecting growing interest in XRP’s market position and recent developments. Right now, XRP is in fourth place among cryptocurrencies, with a market cap of $136.3 billion. Ethereum, with a valuation of $436.3 billion and a price of $3,621.87, is still a big step ahead. Bitcoin is the big leader in the sector, with a market cap…
The U.S. Securities and Exchange Commission (SEC) is set to undergo a probe from the Department of Government Efficiency (DOGE), an initiative associated with cost-cutting efforts under the administration of President Donald Trump. This development follows a history of legal clashes between Elon Musk and the SEC, with ongoing disputes still unfolding. The SEC’s inclusion in this review comes at a time when Musk remains entangled in a legal battle with the agency over allegations related to his acquisition of Twitter stock in 2022. Musk-Led Government Efficiency Unit Arrives at the SEC According to sources familiar with the matter, DOGE…