Author: NBTC
Several data sources have spotted a dormant Ethereum whale, which has come back to life for the first time since the ICO in 2015. The wallet has transferred half of the millions in ETH that it contained. Premine Ethereum wallet shovels funds Blockchain sleuth Whale Alert shared that, a short while ago, a wallet that belongs to a participant of the Ethereum ICO was reactivated after nine years of dormancy. The wallet held 2,000 ETH, which it received at Ethereum’s genesis. ETH was sold at approximately $0.31 back then. With the current exchange rate, these 2,000 ETH are valued at…
Venture capital is not entirely dried up for crypto projects, but it is becoming more selective. VC funding continued to target projects in July, with varied sources including VC firms, but also accelerators and ecosystem funds. VC funding for top projects ranges between estimates of $400M for the biggest rounds, to a total of over $1B for all inflows to smaller projects. Various forms of backing and fundraising are growing, while token-based financing and new asset sales are still slow. Some of the leading financing rounds go as high as $50M, though the most usual backing is under $5M. BlockMining…
With great excitement, exSat announces that BitTrade will become one of our network’s prestigious Data Validator nodes. With this collaboration, we will work with a licensed institution for the first time, greatly bolstering scaling solutions via the exSat Docking Layer and improving the Bitcoin ecosystem. exSat: Bitcoin’s Docking Layer ExSat is a revolutionary Docking Layer that aims to tackle the inherent scalability and interoperability issues with Bitcoin. ExSat expands Bitcoin’s data capabilities by offering a Data Availability Layer and a Decentralized Indexer. This enhances the ecosystem’s scalability, security, and interoperability. With this approach, Bitcoin can be easily integrated with a range of…
A fake news story circulated today about Russia’s supposed embrace of bitcoin mining and crypto payments. According to excited social media posts, after the lower house of Russia’s legislature passed a bill, Russia “embraces crypto,” “formally legalizes cryptocurrencies,” “has approved a bill on cryptocurrency mining,” and will “legalize bitcoin and crypto as a foreign currency.” The news was barely — if at all — true. But this time, the fake news wasn’t Russia’s fault. Read more: No, Saudi Arabia isn’t ditching the dollar for Ripple in its oil trades The doctored media were not a purposeful, Kremlin misinformation campaign. Instead,…
Dutch crypto exchange Bitvavo has partnered with Nasdaq to monitor the markets for signs of illegal activity. EU-regulated cryptocurrency exchange Bitvavo said in a press release today, July 31, that it will use the Nasdaq Market Surveillance tool in an effort to detect and investigate “suspected market abuse.” Under the agreement, the Amsterdam-headquartered crypto exchange plans to get trading insights and visualizations as well as “replay its order book” with a “consolidated audit trail” across multiple listed assets, and interrogate “suspicious activity through a wide range of alerts.” The exchange also plans to use the tool to create reports that…
Kroma, a Superchain-based optimistic rollup using zkEVM technology, has recently unveiled its exclusive validator mechanism. The release of Kroma’s exclusive project permits the holders of Kroma Guardian House NFT and $KRO token to improve network security. The company took to its official account on the social media platform X to disclose this development. Introducing Kroma’s New Validator SystemKroma’s new validator system introduces $KRO-based incentives, allowing $KRO token and Kroma Guardian House (KGH) NFT holders to enhance network security.Highlights:• Validators deposit $KRO tokens to submit and validate outputs.•… pic.twitter.com/BpebHGwjfc — Kroma (✳️_✳️) (@kroma_network) August 1, 2024 Kroma Releases a New Validator…
Analyst Josh of Crypto World took to his latest analysis and revealed that Bitcoin is still showing a short-term bearish signal, repeating its past price movements. He said that over the last day, nothing major has changed. Examining the daily Bitcoin chart, he saw that the DXY (U.S. Dollar Index) is trending upwards, forming higher lows and highs, indicating a bullish trend for the DXY but bearish for Bitcoin in the short term. This pattern has been consistent since Bitcoin was around $67,000. When the DXY trends upwards, it usually means bearish momentum for Bitcoin, and vice versa. Short-Term Bitcoin…
NodeMonkes led the non-fungible token (NFT) sales chart on Thursday, with a sales performance of US$660,965. The collection attracted 70 unique buyers and 72 sellers while logging an average price of US$7,426 per NFT. NodeMonkes’ historic sales volume is now US$252.78 million, ranking it 26th in the all-time list. It stands less than US$3 million away from Vee Friends, the 25th collection on the list. NodeMonkes is the leading collection on Bitcoin. The second-ranking collection for the day was KenduChad, a newly launched collection on Ethereum that debuted with US$574,453 in sales from 349 unique buyers. DogeZuki Collection on Solana…
According to IntoTheBlock data, Ethereum, the second largest cryptocurrency by market capitalization, is seeing a 449.03% surge in large transaction volume, which denotes whale activity. Large Transaction Volume estimates the total amount transacted by whales and institutional participants on a particular day. Spikes in Large Transaction Volume indicate increased activity among institutional players – either buying or selling. In this case, Ethereum reported $10.77 billion in large transaction volume over the last 24 hours, equivalent to 3.24 million ETH in crypto terms. Ethereum whale transactions seem to be skyrocketing as spot ETF hype becomes evident on-chain. The past week saw…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Solana has outperformed all expectations in the aftermath of the FTX black swan event, which saw the price of its native token plunge to single digits. Now, it stands as far more than the unlikely underdog. With VanEck’s recent filing for a Solana (SOL) exchange-traded fund, Solana is knocking on the doors of the big leagues. You might also like: Crypto needs to move away from crypto addresses | Opinion But what makes Solana so powerful that…