Author: NBTC
Reports spotted Justin Sun moving about 110 million USDT to the cryptocurrency exchange HTX, potentially to purchase Ether (ETH) at its current bearish price. As of press time, ETH was valued at $2,348, marking a decline of around 19% over the last 24 hours. Founder of the TRON blockchain ecosystem, Justin Sun, also dispelled rumors of the platform’s position liquidation on X (formerly Twitter). In an August 5th post, Sun asserted that TRON rarely engages in leveraged trading strategies. The rumors about our positions being liquidated are false. We rarely engage in leveraged trading strategies because we believe such trades…
The crypto market has grown so fast that we have an overwhelming number of tokens to trade. This has brought about token overload, and we are concerned about the tokens offered by exchanges. With that in mind, we need to look at the responsibility exchanges have in managing the tokens they offer. Should exchanges be required to whitelist tokens to have more trust and security for their users? This is especially relevant given platforms like Mosaic Alpha who have made token whitelisting a part of their strategy to create a safe trading environment. Exchanges and Token Offerings Cryptocurrency exchanges are…
According to data from Shibariumscan, the layer-2 blockchain from Shiba Inu (SHIB) ecosystem has witnessed an astonishing 450% surge in new accounts in the last 24 hours. As things stand, the number of new accounts per period under review reached the 27 mark, while the day before it was only 6. The surge in new users reflects growing interest in the network. Apart from this, the total number of active accounts also surged by 23% from 489 to 602. Interestingly, this surge in new users coincided with an increase in the amount of tokens paid as fees using BONE, Shiba…
Kraken Chief Security Officer Nick Percoco shared his thoughts on crypto self custody in a recent tweet. Percoco said never keep all of your assets on an exchange or web platform. Kraken Security lead’s tweet raised concerns among crypto traders, the exchange ranks among the top 10 platforms. Data from Cryptogics, a data platform tracks the traffic to cryptocurrency exchanges and ranks the platforms based on it. Kraken ranks among the top 10 platforms. The platform tracked 6 million visits to the exchange platform in July 2024. A recent tweet by the exchange’s Chief Security Officer Nicholas Percoco, behind the…
PancakeSwap unveiled its ambitious roadmap for Q3 2024, featuring the highly anticipated launch of PancakeSwap V4. 1/3 🆕Unveiling PancakeSwap’s Q3 roadmap and introducing our new Head Chef, Chef Kids @headchef_pcs 👨💻v4🆕DEX: New Trading Venue🕹️Web3 Quest Platform🥞Crosschain veCAKE Expansion🎮Gaming Marketplace Expansion🎨PancakeSwap UX/UI Revamp🎁Dual Trading Rewards Program pic.twitter.com/e1ISYbeoBn — PancakeSwap v4 (@PancakeSwap) July 15, 2024 Key Highlights of the Q3 Roadmap The Q3 roadmap outlines several key initiatives designed to strengthen PancakeSwap’s position in the DeFi market: New Trading Venue: The introduction of PancakeSwap V4 promises to offer a more efficient and user-friendly trading experience. This upgrade is expected to include improved…
Felix Sosa, president of the National Power Administration of Paraguay (ANDE), has disregarded reports indicating that a mass exodus of cryptocurrency mining companies could be brewing. Sosa stated that no cryptocurrency company had left the country yet and that there were over 400 MW in projects awaiting approval by the institution. No Cryptocurrency Mining Companies Have Left Paraguay Even With Recent Power Hikes Felix Sosa, head of the National Power Administration of Paraguay (ANDE), has disregarded the reports indicating that the recent power hikes enacted by the institution had caused a cryptocurrency mining company exodus. According to local press reports,…
On Wednesday, via the 1-hour chart, bitcoin is forming a potential inverse head and shoulders pattern around the $61,500 level. If confirmed by a breakout above $62,000, this could signal a bullish reversal. Additionally, the 4-hour chart reveals a descending channel from $65,144 to $58,456, where a breakout above the channel’s upper boundary near $62,000 may also suggest a trend reversal is on the horizon. Bitcoin Currently, bitcoin’s price is $61,470, reflecting significant volatility in recent trading sessions. The daily chart shows price action around the recent low of $58,456 resembling a bullish hammer candlestick, which often indicates a potential…
The BabyDoge Telegram game, BabyDoge PAWS Clicker, has reportedly surpassed 1.5 million users within 24 hours of its launch. 1,500,000 USERS ARE PLAYING BABYDOGE PAWS!PLAY NOW: https://t.co/Svq5ubciA3 pic.twitter.com/69Br2lsJql — Baby Doge (@BabyDogeCoin) July 16, 2024 Game Features and Mechanics The BabyDoge PAWS Clicker game is designed to be engaging and user-friendly. The main objective is to collect as many PAWS as possible by tapping the screen. Players can use their PAWS to upgrade cards, increasing their earnings per hour and climbing the ranks on the leaderboard. Collect PAWS: Tap to earn PAWS and accumulate wealth. Upgrade Cards: Use PAWS to…
Publicly traded on Wall Street and the London Stock Exchange (LSE), Bitcoin (BTC) miner Argo Blockchain presented today (Monday) its latest report on cryptocurrency production for the month of July. The result of 48 mined BTC is over 60% worse than last year’s figures, but shows a slight improvement compared to recent months. In July, Argo Blockchain mined 48 Bitcoins, translating to a production of 1.5 BTC per day. Compared to June, this result is 4 Bitcoins better, but significantly worse than last year. In July 2023, BTC production averaged 4.2 BTC per day, totaling 129 tokens. Despite such a…
In the last three weeks, Bitcoin has experienced a correction of about 15%, dropping from the $70,000 range to the $60,000 range. This significant price movement has caught the attention of many investors and analysts. Signs of a Local Bottom?After a 15% correction, #Bitcoin shows potential signs of a local bottom. Open interest has declined, funding rates are near zero, suggesting a more balanced market. Crucial U.S. economic data incoming. Is the tide turning? – By Gustavo FariaFull post… pic.twitter.com/nRCDVawmFa — CryptoQuant.com (@cryptoquant_com) June 26, 2024 Futures Market Indicators Suggest Bitcoin Stability A more significant correction happened a day before,…