Author: NBTC
Amid a chaotic period for cryptocurrencies, XRP has emerged as a focal point of attention, experiencing a staggering surge in liquidations within a short span. Recent hours have witnessed an unprecedented increase in the liquidation of positions in XRP, as the broader crypto market grapples with substantial losses. CoinGlass data reveals a stark picture, with liquidations of XRP positions soaring to $986,530 in just the past four hours alone. Alarmingly, a staggering 99.38% of these liquidations represent long positions, indicating a significant exodus of bullish sentiment. The intensity of liquidations intensified further within the last hour, witnessing a notable spike…
Bitcoin’s price has finally corrected after weeks of aggressive rallying. It dropped by around 10% recently, leaving market participants wondering whether a deeper crash should be expected. Technical Analysis By TradingRage The Daily Chart Looking at the daily chart, the price has been rallying over the last few months, consistently making higher highs and lows. Yet, the $75K resistance level rejected Bitcoin lower, and the market is currently dropping below the $68K support level. Yet, there is still a significant support level available around the $60K mark to prevent a crash. Meanwhile, the Relative Strength Index has been showing a…
Vechain, based in San Marino, Europe, oversees VechainThor, a leading smart contract platform driving the real-world adoption of blockchain technology. The company unveiled its latest Software Development Kit (SDK) on April 8th. VeChain emphasized that the SDK aimed to facilitate its global shift toward Web3. The company’s developer framework has seen significant advancements due to the dedicated efforts of its Technology Centre team. Whether users are enterprise clients or Web3 enthusiasts, a robust SDK can greatly streamline the development process, making it seamless and efficient. The toolkit includes references to VeChainThor versions of popular Ethereum tools, establishing a user-friendly environment…
HSBC, one of the world’s largest banking services, intends to broaden its array of tokenized assets. CEO Noel Quinn said the bank will ensure these offerings are firmly anchored in reality, the South China Morning Post reported Monday. However, the bank intends to steer clear of volatile cryptocurrencies in tokenizing assets. During a roundtable discussion held last week in Hong Kong, Quinn reportedly said tokenization has the potential to encompass a wide range of assets. But his primary focus remains on ensuring the underlying value of the token itself. Tokenization of digital assets involves transforming the ownership rights of a…
The leading cryptocurrency, Bitcoin (BTC), gave back its gains in the last week with the correction it experienced in the last 24 hours, falling from $ 73,000 to $ 65,800. Similar declines were experienced in Ethereum (ETH), BNB and XRP, while meme tokens Dogecoin (DOGE) and Shiba Inu (SHIB), which have been popular recently, also fell. While analysts stated that the selling pressure was behind these decreases, they said that the February PPI data coming in above expectations doubled the rate of decline. At this point, analysts are also divided. While some analysts think that the correction will be short-lived,…
Truflation delivers the Truflation Stream Network, booted by its conventional token, TRUF, accessible on prime international exchanges such as MEXC, Gate.io, and KuCoin. This will pave the way for democratizing finance and offering connectivity with on-chain financial and economic data. The TRUF token acts as an economic base for Trueflation’s ecosystem, along with the Truflation Stream Network (TSN), created to incorporate real-world economic data within decentralized finance applications. Being an ERC-20 token on the Ethereum blockchain, TRUF initiates data provider node operation, data offering, data usage, and governance. Holders of tokens can take part in governance via staking and locking…
CrossSpace, a ground-breaking platform in SocialFi and asset distribution, is unveiling its integration with BNB Chain. It is a major achievement in the field of on-chain influencer networks. As a result of this integration, transaction speeds will improve and gas fees will decrease, providing people with a more seamless experience with BNB Chain. CrossSpace Boosts BNB Chain’s Ecosystem Projects with Viral Referrals CrossSpace’s viral referral mechanism, surpassed in the SocialFi structure, ensures the formation of authentic and hugely valuable networks of users based on on-chain social relationships. This ensures that user engagement and consumer interactions have common interests. It increases…
The Bitcoin market witnessed a significant downturn today, with prices tumbling by over 6.5% within a span of 24 hours. Despite this downturn, Bitcoin maintains its position around $68,000, marking a marginal decrease of only 8.33% from its all-time high. This slight dip comes amid heightened market volatility, prompting renewed attention from investors and analysts alike. One notable figure contributing to the ongoing discourse surrounding Bitcoin’s price movement is veteran trader Peter Brandt. In a recent update shared with the community, Brandt provided insights into his current assessment of Bitcoin’s trajectory. Without delving into specific figures or predictions, Brandt emphasized…
The launch of ‘Ethena Season 2’ staking rewards has triggered movements, as whales have been actively withdrawing large sums of $ENA (Ethena’s native cryptocurrency) from exchanges to participate in the program. Since initiating the ‘Ethena Season 2’ staking rewards, there has been a notable uptick in activity from major $ENA holders. Ten wallets have collectively withdrawn more than 1 million $ENA from various exchanges, accumulating 37.5 million $ENA (valued at approximately $51 million). Since the launch of #Ethena Season 2 staking rewards, 10 wallets have withdrawn more than 1M $ENA from exchanges and staked it, totaling 37.5M $ENA($51M).Another wallet”0x523b” spent…
AlphaOrBeta, a pioneer in the dynamic opinion and prediction market space, has made a strategic move to the opBNB chain, a layer within the BNB CHAIN ecosystem. This launch is poised to transform user experiences with its unique market models and to contribute significantly to the robust BNB CHAIN community. The Strategic Shift to opBNB Chain Optimistic Roll-ups on opBNB bring forth a wave of advancements, tailored to AlphaOrBeta’s innovative vision. This layer 2 solution breathes new life into transaction efficiency, boasting speeds and cost-effectiveness that stand out in the digital transaction space. Users of AlphaOrBeta can now enjoy these…