Author: NBTC
Swirling geopolitical risks in the Middle East are the latest headwind battering Ethereum-based funds, as a streak of outflows continues apace. Over the past five weeks, investors have yanked $118 million from digital asset investment products tracking Ethereum, according to a report from CoinShares on Monday. Meanwhile, Bitcoin-based funds have attracted over $3.5 billion in inflows. “Investors are seemingly hesitant since the positive price momentum has stalled,” James Butterfill of CoinShares wrote in the report, adding that Ethereum “suffered [the most] on a relative basis” amid a selloff last week. The second-largest cryptocurrency by market cap has fallen 14% to…
Manta Network, a leading modular blockchain for zero-knowledge (ZK) applications, has announced its inclusion in Cyberport, Hong Kong’s premier digital technology flagship and entrepreneurship incubator. Managed by the Hong Kong Cyberport Management Company Limited, a wholly-owned entity of the Hong Kong SAR Government, Cyberport is a highly selective program that serves as a launchpad for innovative tech startups. 🇭🇰 @MantaNetwork joins Hong Kong’s exclusive digital technology flagship and incubator, Cyberport.Manta continues its commitment to expansion in Asia through this program. With resources from HK’s Cyberport, Manta will establish a strong local presence.https://t.co/OWVpj5MLxz — Manta Network (🔱,🔱) #MantaRenewParadigm (@MantaNetwork) April 15,…
The U.S. government’s holdings of 210,392 BTC worth $14.4 billion make the country one of the largest holders of the coin. The head of CryptoQuant, Ki Young Ju, noted that the U.S. Department of Justice, the Internal Revenue Service, and other departments have not sold a single Bitcoin (BTC) since July 2023. The government’s unrealized profits increased 2.4 times. Fun Fact: US gov holds 210,392 $BTC, with a 2.4x unrealized profit, and hasn’t sold any #Bitcoin since July 2023. pic.twitter.com/GIvQpL3j5Z — Ki Young Ju (@ki_young_ju) March 15, 2024 At the same time, Arkham platform analysts have different data. They reported…
The layer-1 cryptocurrency developed by former Meta (Facebook) engineers, Aptos (APT), may face a massive sell-off after April 12, Friday. That is due to a scheduled token unlock worth nearly $300 million, which may cause significant supply inflow to exchanges. Notably, vesting contracts will unlock 24.84 million APT by the end of the week, worth $298.11 million. This, according to TokenUnlocksApp data, represents 6.2% of Aptos’s market capitalization, which evidences its event’s relevancy for cryptocurrency traders. In particular, ‘Core Contributors’ and ‘Investors’ will receive 81.7% of the unlocked tokens, summing up to 20.3 million. These entities will receive 11.88 million…
With momentum carried over from the relatively smooth hard fork upgrades Shapella (Shanghai+Capella) and Dencun (Deneb+Cancun), Ethereum’s next hard fork was supposed to be a breeze. Nevertheless, several analysts are waving red flags about one of its code changes, EIP-3074. Through EIP-3074, Pectra will introduce codes that permit users to delegate all of their Ethereum assets to so-called Invokers — externally owned accounts (EOA) that users must trust to not steal their money. Following the naming convention of ‘star + city portmanteau,’ the upcoming hard fork Pectra (Electra+Prague) will introduce two new operation codes: AUTH and AUTHCALL. Together, these codes…
OKX, the fourth-largest crypto exchange, said its new layer-2 blockchain, called X Layer, has gone live on its public mainnet, a continuation in the era of major crypto companies starting their own distributed networks. X Layer, previously known as X1, makes use of Polygon’s Chain Development Kit (CDK), a customizable toolkit that lets developers build their own chains by making use of zero-knowledge technology. The news comes as other major cryptocurrency exchanges have pursued their own layer-2 networks over the past year. In August, Coinbase launched its “Base” blockchain, which is built with Optimism’s OP Stack. Kraken is reportedly also…
Bitcoin SV (BSV) has plummeted 13% over the last day after a UK court ruled that Craig Wright is not pseudonymous Bitcoin creator Satoshi Nakamoto and did not write the leading cryptocurrency’s whitepaper. Coupled with a broader downturn in the cryptocurrency market, it’s been a rough week for the Bitcoin variant. Also known as Bitcoin Satoshi’s Vision, BSV was trading for around $113 on Thursday as the court case between Wright and the Crypto Patent Alliance (COPA) concluded. BSV saw its largest drop in months after U.K. Judge James Mellor ruled that Wright is not the pseudonymous Bitcoin inventor Satoshi…
As Solana continues to experience congestion on its network with a large portion of its transactions coming off as unsuccessful, the organization has urged members of the community to be patient as developers and core contributors are working tirelessly to address the underlying issues and strengthen the network’s infrastructure. Root cause of Solana congestion According to Austin Federa, a strategist at the Solana Foundation, teams from Anza, Firedancer, Jito and other key contributors are devoting significant efforts to bolstering Solana’s networking stack amid the current congestion. Although there have been several speculations on possible causes of the congestion, Federa says…
Ethereum price is facing many hurdles near $3,200. ETH could gain bearish momentum if the price stays below $3,200 and $3,280. Ethereum is struggling to recover above the $3,200 resistance zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another decline if there is a close below the $3,000 support zone. Ethereum Price Faces Hurdles Ethereum price started a recovery wave above the $3,000 resistance zone. ETH was…
Tether, the company behind USDT, has signed a Memorandum of Understanding (MoU) with Fuze, with the common goal of enhancing crypto education in Turkey and the Middle East. Tether and Fuze: new partnership to elevate crypto education in Turkey and the Middle East Tether and Fuze: initiatives, workshops, and crypto education in Turkey and the Middle East The Blockchain Education Initiative in the Philippines Tether and Fuze: new partnership to elevate crypto education in Turkey and the Middle East Tether has announced a new strategic partnership with Fuze, a leading provider of infrastructure for digital assets with offices in Abu…