Author: NBTC
Bitcoin closed August in red, but experts are divided on whether September could bring a recovery, with some pointing to macroeconomic shifts, potential rate cuts, and rising institutional interest as reasons for optimism. Coinglass data shows that, since 2013, Bitcoin (BTC) has often recorded losses during September, making it the worst-performing month for the digital asset. On average, Bitcoin has dropped by -5.36% in September, with gains in only four of the past thirteen years. This consistent poor performance has made investors uneasy, fearing that the trend could persist in 2024. Yet, there are signs this September might break from…
David Schwartz, Ripple’s Chief Technology Officer, has disclosed intentions to host an X Spaces next Wednesday to discuss programmability on the XRP Ledger (XRPL). The session will focus on Schwartz’s views on the topic and include community input from XRP enthusiasts. I’m hosting a Space next Wednesday to discuss programmability on the XRPL – including how my thinking has evolved on this topic, and inviting @msvadari to share the feedback she’s collected on what folks would like to see with any programmability proposal, and why. Looking… — David “JoelKatz” Schwartz (@JoelKatz) September 16, 2024 Background: Ripple’s New Programmability Plans This…
Chainlink has announced its DECO Sandbox is open to the public. This gives financial institutions and Web3 developers a hands-on environment to explore privacy-enhanced data solutions. The DECO Sandbox offers preconfigured use cases demonstrating privacy-preserving data verification methods for streamlined compliance processes and enhanced data security. The #Chainlink DECO Sandbox is now officially open to the public 🏗️The sandbox provides preconfigured use cases and a framework to empower financial institutions and Web3 developers to start innovating on compliant and privacy-preserving data solutions.https://t.co/9fGvrxy9lc — Chainlink (@chainlink) October 30, 2024 The DECO Sandbox introduces a zero-knowledge Transport Layer Security (zkTLS) oracle technology,…
A significant Bitcoin purchase was recently made by a large investor. The large holders of cryptocurrency, often referred to as a whales, have a significant impact on market behavior. The whale subject here has bought 545 $BTC in his latest purchase, which is worth approximately $30.82 million, after the price of Bitcoin experienced a decline today, according to data from Lookonchain. A whale bought 545 $BTC($30.82M) again after the $BTC price dropped!This whale has bought 862 $BTC($49M) from the bottom at an average price of $56,993 in the past 3 days.Address:bc1qg32kay34ma85prkvxwtx3gxlm9w5yaeffz8djs pic.twitter.com/qu2eesnqMk — Lookonchain (@lookonchain) September 4, 2024 Whale Buys…
The targeted recovery of the Shiba Inu (SHIB) meme coin project is all-encompassing, with the burn rate skyrocketing as high as 3,348% in 24 hours. Per data from Shibburn, a total of 7,843,196 SHIB has now been sent to inactive addresses. The burn rate has remained a major test of the ecosystem’s health. When the burn rate is low, it most certainly implies that community sentiment is also low. The reverse holds true and is marked by expectations of price growth overall. Per the Shibburn data, 410,728,805,282,532 SHIB have now been burnt from the total supply. This leaves the meme…
Bitcoin price falls by 5.5% to $56K, sparking caution as USDT hits $118B market cap. Stablecoin market surges to a record $177 billion amid market uncertainty. Traders split as 54% expect further Bitcoin drop, while 46% hold long positions. After the recent market drop, Bitcoin faced a sharp decline, with its price falling to $56,520, marking a 5.5% decrease over the past seven days. This downturn doesn’t necessarily point to strong selling pressure but rather suggests a sense of caution among traders. They might be converting to USDT to secure profits from market volatility or simply waiting for a better…
Baby DogeCoin’s price has surged by 23.87% following its Binance listing. The coin’s total burn rate stands at 51.512%, with significant recent burns aimed at increasing scarcity. Binance has expanded its offerings by listing Baby Doge Coin (BabyDoge) alongside Neiro and Turbo. This new listing has sparked significant interest, leading to an immediate price surge of 1MBABYDOGE. In a strategic move to boost its value further, Baby Doge Coin has announced that it will be conducting manual token burns throughout the week. The decision to burn tokens comes as part of Baby Doge Coin’s broader strategy to enhance its market…
After the U.S. president weighed in to put a stop to a China-tied crypto operation near a nuclear missile base, the Treasury Department has finalized a rule to tighten scrutiny on foreign property near military installations. The rule will give the U.S. government more authority to review real estate acquisitions like MineOne’s bitcoin-mining effort in Wyoming. Foreign real estate deals near sensitive U.S. military bases will get more government scrutiny under a new rule from the U.S. Department of the Treasury that has emerged after President Joe Biden shut a China-tied crypto mining operation beside a Wyoming nuclear missile base…
Crypto exchange Coinbase has seen a positive response to its blockchain powered digital medals at the 2024 Nike Melbourne Marathon Festival, the managing director for the APAC region has said. Over 42,000 runners participated in the annual marathon in Australia this year, the first to feature blockchain technology and offer race-specific digital collectibles for all participants. Speaking to Cryptopolitan, John O’Loghlen, the managing director for Coinbase in the APAC region, said the response from the race participants was very positive. Many were new to crypto and eager to take up and use blockchain tech for the first time. “There was…
If you invest $100 into Bitcoin today, don’t expect to make a fortune. However, you could still make some solid gains if your bet on Bitcoin pays off. Many people who are interested in crypto would like to get started with smaller amounts, which is entirely reasonable given that cryptocurrencies are risky investments. The prices of cryptocurrencies can go through large fluctuations in a short period of time—a 10% or even 20% price drop or gain in a single day is not unheard of in the cryptocurrency market. If you’re looking to make your first steps into the world of…