Author: NBTC
Sui will soon integrate native USDC and CCTP, boosting its blockchain’s liquidity and cross-chain transaction capabilities. Sui Network, a layer-1 blockchain, is set to integrate native USD Coin (USDC) and the Cross-Chain Transfer Protocol in an effort to enhance its scalability and interoperability. In a press release on Sept. 17 shared with crypto.news, the Sui team said the integration will allow the network’s users and developers to leverage USDC for various digital dollar-backed financial products, including applications in decentralized finance, gaming, decentralized physical infrastructure networks, and e-commerce. “Sui will collaborate with ecosystem apps to transition liquidity from bridged USDC to…
9,500 kiosks now offer cash-to-crypto access as Coinstar expands with a new digital wallet, driving affordable remittances and financial inclusion nationwide. Coinstar’s 9,500 Kiosk Rollout Redefines Financial Access With New Digital Wallet Coinstar, a leader in self-service financial kiosks, announced Tuesday the launch of CINQ by Coinstar, a digital wallet developed in partnership with crypto infrastructure platform Zero Hash to bring cryptocurrency and stablecoin transaction capabilities to U.S. consumers. The announcement states: This collaboration allows up to 9,500 of Coinstar’s 17,000+ network of kiosks across the U.S. to facilitate cash-to-crypto transactions. “Through a partnership with Zero Hash, CINQ by Coinstar…
The 11 U.S.-listed spot ETFs saw $287.8 million worth of outflows on Tuesday, according to Farside Investors. BTC traded lower as weak U.S. manufacturing data revived growth concerns. The U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETFs) had a rough day on Monday as growth concerns and a sell-off in Nvidia (NVDA) dented market sentiment. The 11 ETFs registered a cumulative net outflow of $287.8 million, the largest single-day tally since May 1, when the funds bled over $500 million, according to data tracked by Farside Investors. Fidelity’s FBTC led the outflows, registering $162.3 million in withdrawals. Grayscale’s GBTC registered an…
Technical analysis suggests the days of the Ethereum price consolidation might be over very soon. At the time of writing, Ethereum is trading with a 0.07% gain in the past 30 days, which reveals the current consolidation situation it finds itself under. However, according to a technical analysis on TradingView, the Ethereum price could be well on its way to reaching a new all-time high after 12 weeks of consolidation. Ethereum Price Completes Bottom Formation According to a technical analysis of the Ethereum price in the weekly candlestick timeframe, the cryptocurrency is currently in its 12th week of consolidation after…
Algorithmic trading firm Wintermute has added a substantive 19.11 million Neiro Ethereum (NEIROETH) tokens, even as the altcoin’s price plummeted 97% in the past 24 hours. Blockchain analytics platform Spot On Chain reported the move, highlighting Wintermute’s increased NEIROETH holdings to 55.36 million tokens, valued at roughly $195,420. Here are the related addresses:1. Trader “0x6ac”: https://t.co/ZkkHhMpyzV2. Trader “0xc05”: https://t.co/R0gSlU3L1i3. Trader “0x090”: https://t.co/sZoKD6BfyN4. Wintermute Trading entity: https://t.co/17TC0ML9uH — Spot On Chain (@spotonchain) September 17, 2024 At the time of writing, NEIROETH is trading at $0.003521, reflecting the 97.23% drop. However, trading volume has surged by 333.98%, according to CoinMarketCap. The altcoin’s…
Howard Lutnick says banks want to transact in BTC as a new asset class but are being held back the existing requirements of U.S. regulators. “That’s why they don’t hold it. But if the regulatory environment was good, you will see all the traditional financial companies go head first into bitcoin,” he said. Cantor Fitzgerald CEO Howard Lutnick has said traditional financial (TradFi) companies “want to transact in bitcoin” as a new asset class but are being held back by the existing requirements of U.S. regulators. Lutnick said in an X post on Tuesday that bitcoin (BTC) was an “outsider…
Tim Robinson, Head of Crypto Research at BlueYard Capital, has unveiled groundbreaking simulations indicating that Ethereum’s implementation of “blobs” could be exceptionally bullish for the long-term price of ETH. In a series of posts on X, Robinson highlighted how blobs could revolutionize Ethereum’s scalability and economic dynamics. “Many people arguing about blobs, but so far no one has simulated how they respond to demand… until now,” Robinson stated. “TL;DR: Blobs are insanely bullish for ETH long term.” Why Blobs Are ‘Insanely Bullish’ For Ethereum Price Blobs, introduced in Ethereum Improvement Proposal (EIP)-4844, are large data structures designed to enhance the…
Due to a strong decline in price, valued at approximately 34% during the previous four months, Cardano has gained some negative attention. One possible explanation for the crash, according to a tweet addressed to the Cardano founder, is that the APE Society, a well-known NFT project, is leaving the Cardano ecosystem. The user went on to accuse Charles Hoskinson, the founder of Cardano, of pushing away projects with what he calls toxicity. Charles Hoskinson took this criticism seriously. I am supremely glad that your toxic drama and extreme ego are gone. It’s a lot more peaceful — Charles Hoskinson (@IOHK_Charles)…
Following September’s slump to its lowest revenue of the year, bitcoin miners had a profitable October, recording a 25.05% revenue increase. Bitcoin Mining’s October Comeback On Oct. 31, one petahash per second (PH/s) of computing power was valued at $54.52 per PH/s, the highest hashprice in 30 days. As of today, however, the spot market hashprice stands at roughly $46.55 per PH/s after bitcoin slipped below $70,000 to the $69,400 range. Data also shows that on Oct. 17, hashprice edged past the $53 mark as well. In total, bitcoin miners earned 25.05% more in October compared to September. That month,…
Ethereum’s support line has held firmly at $2,770, preventing further downside over the past three months. Analysts expect a possible breakout in November or December, pushing Ethereum toward a $3,700 target. Market dynamics indicate a bullish trend, with the 100 EMA supporting ETH’s upward trajectory. Ethereum (ETH) is holding strong at a vital support line, signaling possible bullish momentum ahead. According to a three-day price chart, Ethereum has maintained its position along a rising support line that has sustained its recent uptrend. This pattern and technical signals suggest a possible breakout by year-end, with analysts eyeing a target of $3,700.…