Author: NBTC
A Bitcoin analyst has identified a bullish signal for Bitcoin leading up to the U.S. presidential election. The analyst stated in a podcast that Bitcoin is forming a higher monthly close, suggesting a potential shift in the market trend after months of sideways movement. Bitcoin recovered from a midweek pullback after dropping to $65,000 on Wednesday. This recovery is consistent with the cryptocurrency’s recent pattern of higher lows after each pullback, which is typical of an uptrend. Despite the dip, Bitcoin closed at $66,601 on Wednesday, matching the previous swing-high. The analyst highlighted Bitcoin’s upward momentum, noting that the cryptocurrency…
Instadapp CEO Sowmay Jain says Fluid, a DeFi protocol created by his company, is a worthy competitor for Uniswap. In a recent post, Jain highlighted Fluid’s achievements, calling it the fastest-growing DEX in DeFi. https://twitter.com/sowmay_jain/status/1858560422280048726 Jain says that Fluid has ranked between the third and sixth DEX by volume on Ethereum over the past few weeks. He noted that Fluid achieved this with only three pools, after only three weeks on mainnet. Jain emphasized that Fluid’s achievements come from 100% organic users who do not receive any extra rewards. He cited significant growth in INST purchases, including from users on…
FBS, a leading global broker, explores the rise of tokenized real-world assets (RWAs) and their transformative impact on international finance. Representing tangible and intangible assets like real estate and private credit digitally on blockchains, RWAs are redefining asset ownership by enabling fractional ownership and boosting liquidity. This innovation is reshaping global finance, offering retail and institutional investors more accessible and diversified portfolios. FBS analysts emphasize the significant advantages of RWAs, including reduced barriers to entry, streamlined operations, and democratized access to high-value assets. The surge in adoption is evident, particularly in the Asia-Pacific region, where institutions like BlackRock and UBS…
On November 3, 2024, the cryptocurrency market experienced notable bounces and significant liquidations across various assets. According to Phoenix, a crypto media outlet, $APE led the charge with an impressive bounce of 8.49%. This rise shows that there is increasing attention and upward trend in this market which means that investors are interested in this particular asset. Daily Summary on November 3, 2024$APE $IMX $RAY $BEAM $ORDI $BTC $ETH $DOGE $SOL $SUI#dailysummary #DeFi #Crypto pic.twitter.com/MR35vT9S07 — PHOENIX – Crypto News & Analytics (@pnxgrp) November 3, 2024 $IMX Rises 6.08%, Reflecting Trader Optimism and Closely Following $APE In second place, $IMX…
The hashprice rose almost 30% in the first two weeks of the month as bitcoin mining profitability improved, the report said. The total market cap of the miners tracked by the bank surged 33%, or about $8 billion. U.S.-listed bitcoin miners now account for about 28% of the global network, the bank said. Bitcoin (BTC) mining economics improved in the first half of November as the hashprice rose, JPMorgan (JPM) said in a research report on Monday. The hashprice, a measure of mining profitability, “increased 29% since the end of October as the BTC rally outpaced network hashrate growth and…
ABGA has officially announced its partnership with Animoca Brands. This new collaboration will support the upcoming Kaia Demo Day, hosted by Kaia and DOSI_official. The news was shared through ABGA’s official X account. 🎉 We’re thrilled to announce that ABGA is partnering with @animocabrands to support the upcoming Kaia Demo Day hosted by @KaiaChain and @dosi_official!This strategic collaboration aims to provide Kaia projects a premier platform to showcase pioneering Web3 technology,… pic.twitter.com/fdO1MkV9yV — ABGA (@ABGAasia) November 18, 2024 ABGA and Animoca Brands Unveil Vision to Promote Web3 Development at Kaia Demo Day It is now possible to clearly outline the…
MARA holdings announce a private offering of $700 million in convertible senior notes due 2030. MARA intends to use up to $200 million of the proceeds to repurchase a portion of its outstanding 2026 convertible notes. The offering includes an option for purchasers to acquire an additional $105 million in notes. MARA Holdings (MARA) announced a private offering of $700 million in convertible senior notes due 2030. The notes will be offered to qualified institutional buyers and will include an option for buyers to purchase an additional $105 million in notes. The bitcoin miner plans to use up to $200…
The new Reverse Charge tax mechanism on LUNC simplifies tax deductions and prevents double taxation, benefiting developers and users alike. This update aligns with community-led initiatives to stabilize the LUNC ecosystem, including substantial token burns and infrastructure updates. A “Reverse Charge” tax mechanism has been adopted by the Terra Luna Classic community to streamline how transaction taxes are handled on its blockchain. This update aligns with the excitement among community members in early November, as CNF reported that Terra Classic (LUNC) recently saw a bullish breakout from an ascending triangle pattern. Under this new approach, taxes are automatically deducted from…
DMM Crypto’s recent decision to terminate the Seamoon Protocol underscores the volatile landscape of the cryptocurrency sector in Japan. The discontinuation highlights the ongoing challenges within the crypto market, forcing companies to rethink their strategies and offerings. According to DMM Crypto, “Due to recent rapid changes in the business environment that have created challenges for the project’s sustainability, DMM Crypto decided to terminate the project early,” a perspective further echoed by finance expert Norbert Gehrke. DMM Crypto shuts down the Seamoon Protocol amid evolving market challenges, raising questions about sustainability in Japan’s rapidly changing crypto landscape. Seamoon Protocol Faces Sudden…
While there has been a huge rise in Bitcoin and altcoins after Trump’s victory, inflows into cryptocurrency investment products continue. At this point, CoinShares released its weekly cryptocurrency report and said that there was an inflow of $2.2 billion last week. “While inflows in cryptocurrency investment products reached $2.2 billion last week, inflows since the beginning of the year have reached a record level of $33.5 billion. While there was an inflow of $3 billion in the first half of the week, there was a total outflow of $866 million in the second half of the week, as Bitcoin prices…