Author: NBTC

Ethereum (ETH) has surged past the $4,000 mark for the first time since March, buoyed by record-breaking ETF inflows, rising institutional interest, and a growing shift in investor sentiment favoring Ethereum over Bitcoin (BTC). The cryptocurrency’s recent rally has reignited discussions of an impending “altcoin season” as bullish sentiment gains momentum. Starting the year at just $2,356, Ethereum has rallied over 74% year-to-date, positioning itself as a standout performer in the digital asset space. As of press time, ETH is trading at $4,001, with a 24-hour drop of 0.78%. Ethereum outshines Bitcoin post-elections Since the U.S. elections, Ethereum has gained…

Socios, the company behind the popular fan token CHZ Coin, has just secured a strategic partnership with Paris Saint-Germain (PSG). This collaboration marks a significant step forward in enhancing fan engagement through innovative blockchain technology. The agreement designates Socios as PSG’s “Official Branded Cryptocurrency Partner” and aims to strengthen the interaction between the club and its supporters. Contents hide 1 What Does This Partnership Entail? 2 How Will This Impact PSG’s Operations? What Does This Partnership Entail? The partnership allows PSG to develop its fan token, providing fans with a platform to participate in club-related polls via the Socios app.…

David Schwartz, chief technology officer at Ripple, recently took aim at self-proclaimed Satoshi Craig Wright, arguing that the need to address the Bitcoin creator’s statements on the purpose of the original cryptocurrency is “delusionary nonsense.” In a recent social media post, Wright stated that Bitcoin Core developers are supposed to prove how Bitcoin can be considered the same as the original cryptocurrency proposed by Satoshi. “Their arguments must align perfectly with these documented intentions. It is not enough to show a slight alignment or vague similarities; they need to demonstrate that every change in BTC is in exact harmony with…

A major Ethereum whale has completed a significant transaction, depositing its remaining 60,079 ETH, valued at $234 million, into Bitfinex. The move comes nearly six years after the whale withdrew 87,085 ETH from the exchange at an average price of $153 per token, a transaction valued at $13.4 million in January 2019. According to on-chain data, the whale executed highly profitable transactions during its holding period. After the initial withdrawal in 2019, the whale reportedly sent 600 ETH to Tornado Cash in 2020 before redepositing 86,484 ETH back to Bitfinex in two phases—26,406 ETH in November 2023 and 60,079 ETH…

In a significant development, MetaMask users may now easily access XRP Ledger with a single click. In a new tweet, Peersyst, a Ripple partner developing the XRP Ledger EVM sidechain, announced the launch of XRP Ledger Snap for MetaMask. MetaMask Snaps are modular extensions that allow developers to expand the functionality of the MetaMask wallet. 📢 We are excited to announce the launch of the #XRPLedger Snap for @MetaMask! 🦊Today, 30 million monthly active users of #Metamask are now just one click away from having an account on the #XRP Ledger, creating a unique opportunity for the adoption and management…

According to CryptoQuant CEO Ki Young Ju, Bitcoin’s Google search volume has now hit another yearly low. As reported by U.Today, the leading cryptocurrency is now on track to record its longest cycle of sideways trading during a halving year. After hitting its current all-time high of roughly $74,000 in March, the leading cryptocurrency has so far failed to stage another significant rally. The Bitcoin halving event, which took place in April, managed to attract a great deal of search interest, surpassing the previous peak for this term that was recorded in May 2020. Since then, however, Bitcoin has not…

Discussions regarding Ethereum’s fundamental principles have recently been rekindled by Vitalik Buterin, who has emphasized the significance of verifiability and democratized participation in blockchain ecosystems. The cryptocurrency community is currently debating how to strike a balance between decentralization and useful functionality. One of the most popular blockchain systems Ethereum has long supported decentralization. But as the ecosystem expands, some compromises have generated controversy such as the use of centralized middlemen for tasks like API nodes or oracles. However, it is evident from Buterin’s response to these discussions that Ethereum would cease to be Ethereum if it were to completely embrace…

ApeChain, a new Ethereum layer-2 network, was launched by the ApeCoin DAO on Sunday at ApeFest Lisbon, leading to APE doubling in price. The anticipated mainnet launch of the Bored Ape Yacht Club-aligned network came with numerous apps and games, including a meme coin launchpad, a leverage trading simulator, and other games. Earlier this year, more than half of the ApeCoin DAO’s voting power went towards selecting Arbitrum technology to power the new scaling network—beating out other Ethereum scalers like Polygon and zkSync. This followed Bored Ape creator Yuga Labs publicly suggesting that the DAO should launch its own chain…

A whale with $181M in profits on Bitcoin just added 200 BTC, showing confidence despite recent price swings. Bitcoin faces key resistance at $63,285, but bullish MACD signals could push momentum upward in the near term. BlackRock shifts focus, selling 182 BTC and buying 7,574 ETH, signaling potential confidence in Ethereum’s future. The price of Bitcoin is still strong trading at $62,939, above its exponential moving average (EMA) of $62,203 for a 30-period period. A smart whale has profited from Bitcoin trades for over $181 million, and it recently added 200 more BTC to its portfolio. This move reflects growing…

Ethereum (ETH), the second largest cryptocurrency by market capitalization, recently saw a significant surge in activity, fueled by a remarkable increase in large transactions. According to Ali, a crypto analyst, Ethereum’s weekly transaction volume skyrocketed by over 300%, with an impressive daily large transaction volume of $17.15 billion recorded on Dec. 7. Ali noted that “Large Ethereum transactions are surging. The weekly transaction volume has skyrocketed by over 300%, hitting $17.15 billion.” Large #Ethereum transactions are surging! The weekly transaction volume has skyrocketed by over 300%, hitting $17.15 billion today. pic.twitter.com/3cBBG48RgR — Ali (@ali_charts) December 7, 2024 The surge in…