Author: NBTC
Samson Mow, former Blockstream CSO and now the chief executive officer at a Bitcoin adoption-focused company Jan3, is a radical Bitcoin maximalist. As the day of the SEC when it is due to reveal its decision on spot Ethereum ETFs is drawing closer, Mow began to slam Ethereum-based ETFs. In a recent tweet, this “$1 million Bitcoin” advocate wrote that he is expecting them to be beaten by Bitcoin-based ones. Besides, he believes now it is the last time for holders to sell Ethereum at a good price against Bitcoin. “Last chance to sell ETH above 0.05 BTC” Samson Mow…
Key Points: On June 22, the median Ethereum gas price fell to 2.9 gwei, the lowest since January 2020, following the Dencun upgrade on March 13. The Dencun upgrade introduced EIP-4844, reducing Layer 2 transaction costs by over 90% and easing the burden on the mainnet. On June 22, the median Ethereum gas price dropped to 2.9 gwei, marking the first time it has been below 3 gwei since January 2020 and the third-lowest daily gas fee in the past five years. Read More: When are Ethereum gas Fees the Lowest? And How to Reduce Transaction Costs? Ethereum Gas Prices…
Here is how a $100 weekly investment in Shiba Inu since August 2020 could have grown to $641 million by 2024, showcasing a 3,241,253% growth rate. Since its debut in August 2020, Shiba Inu has shown remarkable progress as a cryptocurrency investment, capturing the attention of both novice and experienced investors. Its journey from obscurity to fame in just over a year is a testament to the unpredictable nature of the crypto space. Consequently, many investors who recognized the potential of Shiba Inu early on have witnessed significant returns on their investments, exhibiting the benefits of regular, consistent investing. $100…
Consensys head of litigation Laura Brookover said the company would continue to sue the SEC as the “battle” for regulatory clarity is “far from over.” In a June 21 interview with CNBC, Brookover said that despite ending the Ethereum 2.0 investigation, the SEC did not provide any regulatory clarity regarding Ethereum’s classification. She added that the firm will continue to fight for more clarity around digital assets. Brookover also said that two SEC investigations remain underway to determine whether Consensys violated securities laws through the swap and staking features of its MetaMask wallet. The regulator previously sent a Wells notice…
From the analysis of Andrew Kang, founder of Mechanism Capital, it emerges that after the launch of spot Ethereum ETFs, the price of ETH could drop to $2,400. For Kang, the smart contract crypto does not attract institutional investors in the style of Bitcoin. ETF on Ethereum Spot: after the launch, the price of ETH could drop to $2,400 Spot Ethereum ETF: the forecast on the price of ETH after the launch The addition of the ProShares request ETF on Ethereum Spot: after the launch, the price of ETH could drop to $2,400 According to the analysis by Andrew Kang,…
Key Points: zkSync announced a pre-game event starting tomorrow, sparking rumors of a token airdrop. The zkSync token airdrop, expected this month, faces a ticker controversy with Polyhedra Network. zkSync released the v24 upgrade, improving security and functionality for its Ethereum Layer 2 solution. The Ethereum Layer 2 network, zkSync, has announced the launch of a pre-game event, widely rumored to be related to the anticipated zkSync token airdrop. The Highly Anticipated zkSync Token Airdrop May Be Coming Soon The announcement was made on platform X, with zkSync urging users to enable notifications and follow the community account ZK Nation,…
Ripple CEO Brad Garlinghouse has hailed a recent ruling in a civil securities lawsuit against his company as a “big win.” On Thursday, Judge Phyllis Hamilton, who leads Northern California’s U.S. District Court, allowed the lawsuit to go to trial. One state law claim, which centers around statements made by Garlinghouse about XRP in a 2017 interview, has now been allowed to proceed to trial. However, Judge Hamilton has shot down four claims that revolved around Ripple’s alleged failure to register the controversial XRP token as a security. Garlinghouse claims that the New York Court decision has not been somehow…
In a previous article, BeInCrypto predicted the Bitcoin price surge to $72,000, supported by our comprehensive analysis of on-chain metrics. BeInCrypto prediction is validated by the recent price movement, emphasizing the importance of continuous monitoring and analysis of these indicators. Delving Deeper Into Bitcoin on-Chain Data By analyzing key indicators such as Hash Ribbons and the 90-day Moving Average of Coin Days Destroyed (CDD), we can gain a deeper understanding of market dynamics. This continuous monitoring approach is crucial for making informed decisions and highlights the importance of keeping up with expert analyses like those from BeInCrypto. What Are Bitcoin…
A ton of buying activity observed in ether $4,000 calls expiring in September. The bullish flow is consistent with elevated volatility expectations. Catching a falling knife is risky, but some crypto options traders look to be doing just that, betting on a bullish outcome in a falling market. Ethereum’s native token ether (ETH), the second-largest cryptocurrency by market value, has dropped over 5% to $3,350 in one week, according to CoinDesk data. The decline follows speculation that ether ETFs could begin trading in the U.S. next month and is consistent with weakness in market leader bitcoin and other alternative cryptocurrencies.…
Recently, the CEO di Kraken, Dave Ripley, offered an optimistic analysis of the position of the amministrazione Biden towards crypto, stating that there is a clear softening compared to previous years. A change of perspective on crypto for Biden: the statements of the CEO of Kraken A promising future Conclusion A change of perspective on crypto for Biden: the statements of the CEO of Kraken Ripley, in a recent interview, observed that the Biden administration has shown signs of greater openness and understanding of the cryptocurrency sector. “It seems that there is a change in tone from the government,” said…