Author: NBTC
IntoTheBlock on-chain data aggregator has reported that while the cryptocurrency market has been hit by massive FUD, the largest Bitcoin whales continue to accumulate the world’s flagship digital currency no matter what. This has happened while other large whales are dumping large amounts of BTC. Largest whales scoop up half billion in Bitcoin According to a recent statement made by IntoTheBlock, the number of Bitcoin’s largest wallets has surged to the highest peak since May this year. These wallets in total hold 0.1% of the total Bitcoin supply. On Monday, they accumulated another 7,130 BTC, which is worth $436 million.…
Bank of America estimates that the FED will cut interest rates by 25 basis points in September and make an additional rate cut in December. The Bank’s revised outlook marks a change from its previous expectation that interest rates would be cut only in December. Wasif Latif, president and chief investment officer of Sarmaya Partners, commented on the US July non-farm payrolls data and described the current market reaction as a “growth panic”. Latif suggested that the market has noticed a slowdown in economic growth and that the FED may face pressure to reduce interest rates as soon as possible.…
The Zcash crypto community has approved a proposal to allocate 20% of block rewards to a new decentralized grants system, aiming to enhance development initiatives across the ecosystem. This decision follows a poll conducted among the Zcash Community Advisory Panel, focusing on the future of the Zcash Development Fund, which is set to expire in November. According to a Monday blog announcement from the Zcash Foundation, the favored proposal, the “Lockbox for Decentralized Grants Allocation,” received 14% “strongly approve” and 34% “approve” votes, securing a cumulative approval of 63%, significantly outpacing other options. Vote results of Zcash funding proposals |…
Ripple CTO David Schwartz criticizes Logan Paul for using legal action to suppress criticism in the cryptocurrency community. Logan Paul’s lawsuit against journalist Stephen Findeisen aims to curb investigative scrutiny of his crypto ventures. The outcome of the Paul vs. Findeisen case could set significant legal precedents regarding defamation and free speech. Ripple CTO David Schwartz has openly criticized Logan Paul’s legal tactics against crypto journalist Stephen Findeisen, known as Coffeezilla. Schwartz took to social media, denouncing the actions of Paul’s legal team as exploitative. He emphasized the misuse of legal resources to suppress criticism, highlighting the broader implications for…
Top 7 ICO, a well-known platform offering analytics and news insights concerning DeFi, IDO, ICO, IEO, and crypto projects, has disclosed the upcoming blockchain-related events. According to Top 7 ICO, the next week will see several notable events among diverse blockchain projects, providing a gist of the dynamic sector of blockchain and crypto technology. The platform took to its official social media account on X to provide the details about these upcoming projects. Top Upcoming Events of the Next WeekWe compiled a list of top important upcoming events of the next week (Aug 5th – Aug 11th) among blockchain projects,…
GameStop’s stock has weathered a rough week, and things only got worse on Friday as the broader stock market felt the pain from a series of rough economic reports that suggested the United States might be headed for recession. And it came on the same day as the video game retailer killed off an iconic industry brand. On Friday, the long-running video game industry magazine Game Informer announced that it had immediately shuttered after 33 years, with both the print and web versions of the publication closing. The entire staff of writers, editors, and other employees were laid off as…
The introduction of key exchange-traded funds or ETFs is a clear validation of a maturing crypto market. In 2024, the market buzz isn’t restricted to BTC and ETH ETFs. Instead, there is growing speculation around a host of ETF introductions, including a Solana ETF. This Solana ETF guide details all the elements associated with this prospect, including the top applicants, the creation-redemption process, and more. Solana ETFs have not yet been approved in the U.S. Yet their global presence, including across the Toronto Stock Exchange and Deutsche Borse, has birthed numerous discussions around this potential. By the end of this…
The crypto market just witnessed a steep decline, noted as the worst drop since 2021. However, investors are keeping a close eye on some altcoins, mostly DeFi tokens, which are already showing a remarkable recovery despite still being in the dip. Altcoin king Ethereum is leading a price recovery, resulting in a potential resurgence in decentralized finance, termed “DeFi Summer 2.0.” Due to their market strengths, AAVE, MKR, COMP, RPL, TAO, TIA, and OP are positioned as key players. Technical analysts predict significant growth potential, with optimism driven mainly by the recent recovery. Ethereum: The Backbone of DeFi Ethereum continues…
SoonVerse has announced a new partnership with Zesh, an innovative AI-powered SocialFi suite of tools. Zesh leverages zkML technology to tackle one of the biggest challenges in Web3. It also fosters genuine community growth and engagement. 💥 𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐰𝐢𝐭𝐡 𝐙𝐞𝐬𝐡 💥@ZeshApps is a unique AI-powered SocialFi suite of tools, leveraging zkML to solve one of the biggest problems in Web3 – genuine community growth and engagement.𝐇𝐞𝐫𝐞 𝐢𝐬 𝐡𝐨𝐰 𝐭𝐡𝐢𝐬 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩… pic.twitter.com/nQ8DcEr1Yx — SoonVerse❤️AIGG (@soon_verse) August 4, 2024 SoonVerse to Benefit from Zesh’s AI for Natural Growth This partnership is expected to bring several benefits to SoonVerse. SoonVerse does not…
Many analysts are focusing on the bearish slump on the market as Bitcoin has failed to breach the $62,000 resistance level in recent times. However, a number of market whales are capitalizing on the market drawdown to stack up on the digital currency. At the time of writing, the price of Bitcoin is changing hands for $61,207.22, up by 0.31% in 24 hours. This discount has served as a major entry point for long-term buyers. Drawing on this, data from crypto analytics platform IntoTheBlock shows that despite market FUD, the net inflow into Bitcoin’s largest wallets reached its highest level…