Author: NBTC
The leading cryptocurrency, Bitcoin, has experienced a correction in recent days as its ATH refreshed, surpassing its previous ATH of $69,000 at the beginning of March. However, with the positive news in the market and ETF inflows turning positive, it rose above $ 70,000. While investors wait for the real bull rally in Bitcoin and altcoins, they are preparing for it and buying at levels that are still considered low. According to Spot on Chain’s post, whales bought TRB, DYDX and GMT from Binance in the last 24 hours. Accordingly, a whale is worth 3.26 million dollars, 35K TRB; Two…
In line with its commitment to improve product offerings to better serve users’ needs, Binance announced the discontinuation of all BIDR-related products and services, effective August 20, 2024. Binance Urges Users to Convert BIDR Assets Before August 20, 2024 Users are advised to take proactive measures by exchanging their BIDR assets for alternative available assets on Binance or converting BIDR to cryptocurrencies using Binance Convert before the stated deadline. Starting at 11:00 AM on August 20, 2024, BIDR balances remaining in users’ Binance accounts will be automatically converted to FDUSD based on real-time exchange rates provided by xe.com. Important Points…
Bitcoin Runes are dominating Bitcoin blockchain activity, with over 81% of transactions on Tuesday being Rune etchings, according to a Dune report. Regular Bitcoin transactions represented 19% of the transactions, meanwhile, with BRC-20 tokens and Ordinals coming in a distance third and fourth at 0.2% and 0.1%, respectively. BREAKING: Runes accounted for 72.7% of all Bitcoin transactions in the past 24 hours — Ord.io (@ord_io) April 24, 2024 According to the Dune dashboard, 750,428 Runes transactions accrued on Tuesday, followed by 174,475 “Good old BTC” transactions. 1,392 BRC-20 transactions took place, followed by 715 Ordinal transactions. Runes also accounted for…
Mode Network, a modular decentralized finance (DeFi) Layer-2 solution built on the Optimism Stack, has launched its governance token, MODE. Simultaneously, the network has initiated its crypto airdrop season, with the token claim site now active for participants. 550 Million Crypto Airdrop The MODE token has dual functions. It serves as a governance mechanism and promotes ecological growth within the network. The total supply of MODE tokens is fixed at 10 billion, with an initial circulation of 1.3 billion tokens. This comes from previous crypto airdrops and the foundation and treasury allocations. Regarding distribution, 35% of MODE tokens are allocated…
According to a wager on the decentralized betting platform Polymarket, the likelihood of a spot ethereum exchange-traded fund (ETF) gaining approval from the U.S. Securities and Exchange Commission currently stands at just 7%. This forecast commenced in January with a 76% probability of approval but has since plummeted by 91% over the last three months. Market Sentiment Sours on Ether ETF Ahead of SEC Decision Before the mass approvals of 11 spot bitcoin (BTC) ETFs, multiple companies submitted proposals for spot ethereum ETFs, including firms like Vaneck, Blackrock, Fidelity, Grayscale, and Invesco. Grayscale is making another attempt to convert its…
Shiba Inu ranks as the second most searched cryptocurrency in Europe, outpacing Ethereum (ETH), Cardano (ADA), and Dogecoin (DOGE). Leading canine-themed token Shiba Inu (SHIB) has garnered investor interest in the past few weeks. The token’s jaw-dropping rally of over 300% in eight days, as seen on March 5, left many investors reminiscing about its glory days in 2021. Following Shiba Inu’s tremendous rally, the spotlight has been on the token, with new investors flocking to Google, the world’s largest search engine, to learn about the asset. Shiba Inu Ranks as Second Most Popular Crypto in Europe In an exciting…
On May 6, 2024, Crypto.com, one of the leading cryptocurrency exchanges, announced surpassing the 100 million worldwide user mark. This marks a pivotal moment for the company, founded back in 2016, which has consistently been one of the leaders in the space when it comes to regulatory compliance, security, and privacy. The achievement comes hot on the heels of Crypto.com’s latest brand film, “INEVITABLE,” under the theme of Fortune Favors the Brave. Interestingly, Crypto.com’s user base has been on a steady rise since the adrenaline-fueled Formula 1 Crypto.com Miami Grand Prix in May 2022, as per the latest information shared…
While Bitcoin struggles to extend gains, on-chain data shared by Ki Young Ju, the founder of CryptoQuant, on X shows increased movement of old coins. As the Bitcoin Average Dormancy chart shows, this trend recently hit a 13-year high. More Old Whales Moving Coins The Bitcoin Average Dormancy shows the average number of days each BTC has been dormant. On-chain data indicates that coins held for 3 to 5 years have changed hands and moved to new owners. While there was movement, interestingly, data shows that they were not transferred to exchanges. Instead, it is highly likely that they were…
Bitcoin, which reached the bottom in November 2022 after the bankruptcy of FTX, has shown a tremendous performance since 2023. While BTC has gained nearly 270% since January 2023, the largest altcoin Ethereum (ETH) is performing weaker compared to Bitcoin. Because, ETH has increased by 160% since January 2023. Evaluating this weak performance of Ethereum, 10X Research founder Markus Thielen said, “ETH’s weak fundamentals become an obstacle for Bitcoin as it blocks the large-scale flow of fiat money into the crypto ecosystem.” said. Arguing that ETH is the “basket case” of this bull cycle, that is, the dysfunctional and ineffective…
The impressive start to 2024 recorded by Shiba Inu means anyone who invested earlier in the year would have made sizeable profits. Shiba Inu has been one of the best-performing cryptocurrencies on the top 20 list since the start of 2024. Earlier this month, the coin enjoyed a stint in the top 10 and came very close to overtaking Dogecoin. However, some investors may wonder how much money they would have now if they had invested in Shiba Inu at the start of the year. A closer look at the numbers reveals an interesting find. Shiba Inu 2024 Profit Calculation…