Author: NBTC
After threading above the $3,000 mark for most of 2024 and even surpassing $4,000 briefly in March amid a broader cryptocurrency market surge, Ethereum (ETH) has been hit by the recent drawback as its price fell below $3,000 briefly on July 8. Despite this, ETH remains in the green so far in 2024, as it added 32.34% to its value on a year-to-date (YTD) basis. As of July 11, the previous 24 hours have brought gains of 0.75%, which helped reverse the damaging 1.86% loss during the last week. Amid the current atmosphere of fear and unpredictability, the Ethereum Rainbow…
Rome Blockchain Labs (RBL) is developing Sceptre, a private beta blockchain for data platform, while also developing Kinetic, a lending and borrowing platform. To optimize the FLR token’s functionality, the two protocols will work hand in hand. Three native reward mechanisms are built into Flare: delegating to the Flare Time Series Oracle to facilitate the supply of decentralized data to the network, staking to infrastructure providers to promote network security and consensus, and receiving monthly FlareDrops for participating in the network. Holders that use liquid staking may earn more yield in other protocols by using the liquid staked form, sFLR,…
The City of Santa Monica made history by becoming the first city in the U.S. to open an official Bitcoin office. The city council unanimously voted to pilot the office in partnership with the nonprofit Proof of Workforce at no cost to the city. The office has four key goals, as per the PR sent to us: providing Bitcoin education, facilitating partnerships and conferences to grow tourism, connecting residents to jobs, and exploring sustainable Bitcoin mining powered by the city’s renewable energy. Vice Mayor Lana Negrete, who championed the initiative, said, “As we embark on a journey to learn Bitcoin…
While the supply of ether is rising, the amount that is staked is close to all-time highs, CryptoQuant data shows. Polymarket bettors are assigning a 90% chance to an ether exchange-traded fund being approved in the U.S. by July 26, but there are still several steps that must take place before one can trade. As an ether (ETH) exchange-traded fund (ETF) moves closer to reality in the U.S., the amount of ether staked is nearing a record high, keeping the circulating volume in check even though the total amount of ETH is growing again. “The total number of staked ETH…
The Bitcoin (BTC) market has recently witnessed significant selling pressure, pushing prices down to $53,500 amid a large-scale sell-off by the German government and repayments by Mt. Gox’s creditors. However, after the sharp decline, Bitcoin has shown resilience, rebounding to $57,500. In a July 9 post on X (formerly Twitter), trader Justin Bennett provided a detailed breakdown of Bitcoin’s current trends, supported by crucial technical indicators and price movements. Bennett’s analysis of the BTC/USDT chart indicates a critical juncture for Bitcoin. After a sustained downward trend, Bitcoin has reached a support level near $57,773. The price is currently testing the…
Etherscan, the go-to platform for exploring the Ethereum blockchain, has just rolled out “Etherscan Cards,” a new feature that promises to make the crypto world more transparent and accessible to users. This innovative tool brings insights from trusted sources directly to your fingertips, right on Etherscan’s address pages. Want to add meaningful context to a token page?Find out how you can add your own Card:https://t.co/CB7GCeZYTJ — Etherscan (@etherscan) July 10, 2024 Etherscan’s partnership signals a major stride in blockchain transparency and user empowerment. By providing accessible and verified information directly on address pages, Etherscan continues to set the standard for…
In the volatile world of cryptocurrency trading, the celebrity token $jenner has been at the center of dramatic financial outcomes for traders. Notably, a trader who previously earned a massive $3.7 million from trading $BOME on the Solana network faced a stark reversal with $jenner. After investing 2,620 $SOL to purchase $BOME and selling it for 21,159 $SOL, the trader encountered a significant loss with $jenner. By spending 1,208 $SOL on $jenner and selling for only 423 $SOL, the trader incurred a loss of 785 $SOL, approximately $133.4K, within a single day. Many traders lost money by trading the celebrity…
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…
In 2010, Satoshi Nakamoto introduced a concept that could still fundamentally alter the trajectory of not just Bitcoin, but all of crypto — merged mining. Merged mining was an effort to allow Bitcoin to extend its reach beyond its single-chain nature and provide numerous benefits that could not otherwise be achieved. Yet amid the noise and fervor of modern-day Bitcoin maximalism, this groundbreaking idea often remains unjustly maligned, or simply overlooked. It’s now time for the entire Bitcoin community to recognize that Satoshi’s design transcends the confines of a single chain. The basics of merged mining Merged mining and its…
Ethereum (ETH) has just been freed from an aggressive sell-off by a top whale, spotted about a week ago. According to data from crypto analytics platform Lookonchain, the Ethereum whale, identified as the open-source decentralized computing platform the Golem Project, just staked 40,000 ETH. This staked fund is worth $124.6 million as of the time of staking. Ethereum freedom after intense Sell-off Per previously referenced posts by Lookonchain, the Golem Project started sending thousands of ETH to centralized exchanges on July 8. In the first wave of the sell-off, the protocol sent 24,400 ETH worth approximately $72 million to Binance,…