Author: NBTC
According to blockchain analytics platform Arkham Intelligence, an ancient Bitcoin whale dating back all the way to 2009 has just sent $630,000 to the Kraken exchange. The whale in question mined their BTC just a month after the very first Bitcoin block was created on Jan. 13, 2009. Notably, the address has now moved nearly $5.5 million worth of Bitcoin within just two months. After these hefty transfers, the address continues to hold $75.23 million worth of Bitcoin. The previous transfer made by the whale took place on Oct. 7. Notably, it was roughly the same in size. The recent…
Ethereum (ETH), the second largest cryptocurrency by market capitalization, has completed its first golden cross of 2024. A golden cross happens when a cryptocurrency’s short-term moving average, usually the 50-day simple moving average (SMA), rises above its long-term moving average, usually the 200-day SMA. Ethereum’s 50-day moving average crossed above its 200-day moving average, confirming the golden cross pattern. This pattern is typically considered a bullish indicator, suggesting that the asset’s price could experience significant upward momentum. Historically, Ethereum’s previous golden crosses have often led to notable rallies. The last time Ethereum saw a golden cross was in November 2023,…
Bank of Korea Governor Rhee Chang-yong believes the central bank is unlikely to lower interest rates because of the country’s recent political turmoil. He said the chaos caused by President Yoon Suk Yeol’s move to impose martial law on the country had little implications for South Korea’s economy. In an interview on Bloomberg TV, Rhee Chang-yong stated that the political event was “short-lived ” and that he didn’t see it as reason enough to change South Korea’s economic stance. “I think we can focus on the economy’s strengths and the weaknesses of the economy rather than political side effects,” Chang-yong…
The “Uptober” is coming to an end while bringing some indicators that suggest a bull market could be starting. In this scenario, Ripple sold over $100 million of 200 million XRP amid a shy recovery of the token’s price while disclosing a $10 million donation to Kamala Harris. On October 21, Ripple spent all the 200 million XRP reserved in its treasury account for this month’s sales. The amount was sent to the unknown address ‘rP4X2hTa7A7udDbE6wczXvPz7XZ63sKxv3,’ which is Ripple’s usual destination for its monthly transactions. While Ripple has not disclosed this sale, in particular, the company has already disclosed its…
Coinbase introduces baht and peso stablecoins to enhance faster and cheaper blockchain transactions in Southeast Asia. Thailand and the Philippines embrace blockchain innovation with regulatory support for stablecoin-based financial solutions. Coinbase is taking aggressive steps to increase its presence in Southeast Asia, launching stablecoins linked to the Thai baht and Philippine peso. These digital currencies seek to convert local cash into blockchain-compatible assets, therefore offering a quicker, less expensive, more accessible substitute for transactions. Head of Coinbase Wallet and Base founder Jesse Pollak correctly said, “the same money, just faster, cheaper, and easier.” This project shows Coinbase’s dedication to enabling…
Bitcoin (BTC) rose 6% in the past few hours to above $66,000 and surpassed its 200-day moving average, following a period of consolidation over the weekend. This breakout is attracting traders’ attention, especially after several failed attempts to break above this key level recently. According to Bitget Chief Analyst Ryan Lee, the focus now is on whether Bitcoin can sustain its momentum or face another pullback. “Bitcoin’s rise above $65,000 is significant, especially considering the recent coin accumulation and renewed optimism about the US presidential election,” Lee said, noting factors contributing to the positive market sentiment. The rally in the…
The price of Ethereum’s ether (ETH) broke above the $4,000 mark on Friday for the first time since March. The second-largest cryptocurrency is up 2.4% in the last 24 hours and 8.4% in the last seven days, outperforming bitcoin (BTC) in both timeframes. The move comes as spot ether exchange-traded funds saw record inflows on Thursday. As of writing, ether is trading for $4,033, just 2% away from setting a fresh 2024 high. It’s also a mere 20% away from its all-time high of $4,868. The ETH/BTC ratio, which has been getting hammered since September 2022, has reached 0.04 again…
TBacked, Sonic (formerly Fantom) and Chainlink have teamed up with Australian hedge fund Fortlake Asset Management to turn its Sigma Opportunities Fund into a tokenized investment. Managed by Fortlake—recently named Fixed Income Manager of the Year in Australia— the fund’s units will be transformed into digital tokens, a process called tokenization, where real-world assets are represented on a blockchain, the companies announced exclusively to Decrypt. The collaborations seek to simplify asset management by bringing traditional financial assets on-chain and expanding access to decentralized finance (DeFi). The trio believes the fund’s tokenization leads to new opportunities within DeFi, “such as integrations…
Scroll initially began trading at $1.40 but has since dropped to around $1.10. Scroll confirmed that all co-founders and team members would not be receiving an airdrop in response to criticism last week. SCR has a market cap of $212 million and a fully diluted value of $1.1 billion. Layer-2 network Scroll released its long-awaited native governance token on Tuesday, putting the project’s initial valuation just over $200 million. Traders priced SCR at around $1.10, or a $212 million market cap, based on the circulating supply figure of 190 million. SCR will act as a native governance token with a…
Floki’s listing on Coinsquare boosts its presence in Canada and expands market access for crypto investors. Binance will reward Floki holders with Monky token airdrops, increasing engagement within the community. Floki’s growth is fueled by strategic listings and incentives, helping it expand globally in the crypto space. Floki has been listed on Coinsquare. It is Canada’s largest regulated crypto exchange. This move is a major step for the Floki project. Coinsquare is a well-known platform with strict security standards. $FLOKI just got listed on Coinsquare!Coinsquare is Canada’s largest regulated crypto asset trading platform, and this listing strategically positions FLOKI for…