Author: NBTC
Popcat meme coin rose more than 11% as Kraken announced listing for spot trading on Sept. 19. The POPCAT price reached highs of $0.67 and was trading higher at the time of writing. Solana meme coin Popcat (POPCAT) has traded higher after crypto exchange Kraken announced it would add spot trading support. The cat-themed meme coin, which also skyrocketed nearly 30% after the world’s largest crypto exchange Binance’s listing of the POPCAT perpetual contract, had notched a double-digit gain at the time of writing on Sept. 12. After Kraken announced it would add Popcat on September 19, 2024, the price…
The price of Ethereum (ETH) has risen significantly and has crossed the moving average lines. Ether has risen to $2,700 and is approaching the resistance of $2,850. Long-term analysis of the Ethereum price: bullish If Ether price recovers, the bullish momentum could carry it to a high of $3,400. The upward trend will continue up to the highs of $3,600 and $3,800. However, if Ether fails to break through the resistance of $2,850, it will fall and start a sideways movement below and above the moving average lines. In the meantime, ETH is testing the overhead resistance and trying to…
R3, an enterprise blockchain firm backed by some of the world’s largest banks, is looking for a buyer as the private blockchain market continues to dip. According to a Bloomberg report, the New York-based firm has also been exploring other strategic options, including a joint venture or selling a minority stake. Among the parties it has held talks with are the Solana Foundation, Avalanche blockchain developer Ava Labs, and Adhara, a blockchain firm targeting financial service firms. It’s an unremarkable end for a startup once seen as a trailblazer in enterprise blockchain products. In 2014, R3 was founded by a…
A state-backed investment firm from the United Arab Emirates (UAE) is in talks to invest in OpenAI, the company behind the popular artificial intelligence chatbot ChatGPT. Following the announcement of the development, the value of OpenAI-backed altcoin Worldcoin (WLD) rose by approximately 15%. The potential deal is part of a multibillion-dollar fundraising round for the U.S.-based artificial intelligence startup, according to people familiar with the matter. UAE’s MGX, an investment firm set up earlier this year to focus on artificial intelligence (AI) projects, is negotiating the size of its investment in OpenAI, the sources said. If finalised, the deal would…
Standard Chartered and Ant International completed SGD-denominated liquidity transfers using Ant’s Whale platform. British multinational bank Standard Chartered alongside Ant International has completed SGD-denominated liquidity transfers using Ant International’s blockchain-based Whale platform, The Asian Banker has learned. According to a Nov. 5 report, Standard Chartered integrated with Ant International’s Whale platform to enhance the efficiency and transparency of fund movements between bank accounts. The intra-group liquidity management optimized Ant International’s treasury for cross-border transactions, the report reads. You might also like: Standard Chartered-backed Zodia Custody aims to raise $50m in funding round Addressing the settlement, Mahesh Kini, global head of…
A crypto whale recently made a significant move after getting substantial profits. As per Lookonchain, a well-known on-chain analytics provider, the whale who recently made remarkable gains of $1.47M in a list of transfers taking into account $POPCAT, has reinvested up to $1.6 million in $USDC to purchase 2.36 million $POPCAT. The on-chain analytics firm took to its official social media account to provide details about the whale’s operations. A whale who made $1.47M on $POPCAT spent 1.6M $USDC to buy 2.36M $POPCAT at $0.68 in the past 3 hours!This whale spent 1.84M $USDC to buy 6.05M $POPCAT from Apr…
As the Nigerian Naira records its worst performance yet against the US dollar in weeks as US dollar liquidity in Nigeria plunges, bitcoin continues to rally ahead to within its All-Time High (ATH) levels of $73,737 from April and in some P2P exchanges, according to data from monierate, reaching the ATH in Nigeria already, at N121m. Recent Naira-USD Performance The Naira has yet to find stability against the US dollar despite several forex market reforms, such as the free-floating of the Naira. However, First Securities Discount House (FSDH) Merchant Bank Ltd’s macroeconomic report highlights that critical drivers such as “a…
MicroStrategy’s $42 billion bitcoin acquisition strategy has some risks, the report said. CoinShares said financing conditions need to remain favorable and there needs to be investor demand for the company’s convertible debt. MicroStrategy is tied to its bitcoin holdings, the asset manager said. MicroStrategy’s (MSTR) ambitious plan to buy $42 billion more worth of bitcoin (BTC) is not without risks, CoinShares said in a research blog Monday. The company, founded by Michael Saylor, announced a $21 billion at-the-money offering of its own stock last week to raise capital to buy more bitcoin. This is part of a larger plan to…
Telegram’s tap-to-earn games have taken the crypto world by storm, bringing hundreds of millions of prospective new users to The Open Network (TON). But a flood of Hamster Kombat and Catizen players attempting to claim their reward tokens later this month may not be all good news for the network, TON developers warned this week. TON will “undoubtedly face more technical pressures and possibly some unforeseen issues,” the TON Core team wrote Tuesday in an official Telegram channel. The warning comes as the network contends with recent service outages precipitated by an explosion in tap-to-earn gaming and mini app activity…
Galaxy Digital signed a non-binding deal with a U.S.-based hyperscaler firm to turn all its 800 megawatts of mining capacity into hosting high-performance computers. The move comes as the Bitcoin halving contributed to a profit squeeze for the firm and the mining industry as a whole. Galaxy has 200 megawatts of mining operating out of 800MW approved capacity and another 1.7 gigawatts under study for a potential permit. The brutally competitive bitcoin (BTC) mining industry is offering a clear choice to miners: pivot to artificial intelligence (AI) computing or suffer losses. Michael Novogratz’s Galaxy Digital (GLXY.TO) is the latest to…