Author: NBTC
The last few hours have seen massive liquidations on the cryptocurrency market, with CoinGlass data showing that liquidated positions totaled nearly $50 million in one hour. This is quite a lot, but given the abruptness with which some changes occur on this market, it is not surprising. What is surprising, however, is the nature of the liquidations, as 94.67% of this volume was accounted for by long positions opened in the cryptocurrency market’s derivatives segment. Thus, we can say that with the liquidation of $2.55 million of short positions, the volume of liquidation of long positions amounted to almost 17…
Charles Hoskinson, the creator of Cardano and one of Ethereum’s original co-founders, is a misunderstood genius who took the hard road, building a blockchain on foundations of academic research and rigorous engineering. Critics love to dismiss him as a loudmouth; some call him a villain. However, the facts suggest otherwise. Charles is undoubtedly one of the sharpest minds driving the evolution of decentralized technology, and perhaps it’s time we stopped overlooking that. The early days: Ethereum’s first CEO Charles’s crypto story began with Ethereum. In its infancy, Ethereum had a team of co-founders who didn’t exactly see eye-to-eye. Charles’s role…
Despite the fact that the price of Bitcoin (BTC) is turning red and dragging the entire cryptocurrency market with it, some of the proponents of the “digital gold” are undaunted in their urge to buy BTC. One of them is Robert Kiyosaki, the famous author of the business bestseller “Rich Dad Poor Dad.” The author just delivered a new epic statement on his X (formerly Twitter), where he straightforwardly stated that the time to buy more Bitcoin or say goodbye to such an opportunity at current prices is now. As a focal point of Kiyosaki’s statement is the so-called “Uptober,”…
Donald Trump’s crypto business World Liberty Financial slashed its fundraising goal after sales of its WLFI token fell dramatically short of the initial target, according to a regulatory filing. The company now plans to raise up to $30 million from investors, a 90% cutback from the $300 million World Liberty Financial had originally sought. An SEC filing dated Oct. 30 says World Liberty Financial plans to “terminate” WLFI sales upon hitting $30 million. The change raises the possibility that former President Trump – who is running for election next week – may not quickly see any big payday from World…
Project Guardian is reportedly revolutionizing the financial markets through asset tokenization and by leveraging cutting-edge technologies like Chainlink. Project Guardian is a systematic initiative that is being led by Monetary Authority of Singapore (MAS). This collaborative effort unites key players such as Swift, UBS Asset Management, SBI Digital Markets, ANZ, and ADDX. 3 Project Guardian solutions featuring #Chainlink alongside Swift, UBS Asset Management, SBI Digital Markets, ANZ, and ADDX highlighted by @MAS_sg:https://t.co/QYLjes3dyj — Chainlink (@chainlink) November 21, 2024 The collective aim of these ledgers is to create a more efficient, secure, and interoperable digital asset ecosystem. Project Guardian is bridging…
Tesla has recently made waves in the crypto market with significant movements in its Bitcoin holdings. Despite recent transfers, Tesla continues to hold onto its original stash of Bitcoin, raising questions about strategic financial maneuvers. Arkham Intelligence suggests that these wallet transfers might be aimed at securing a Bitcoin-backed loan. This article delves into Tesla’s Bitcoin movements, exploring recent wallet transfers and their implications for future crypto strategies. Tesla’s Bitcoin Wallet Transfers: A Strategic Move? In a recent analysis by blockchain analytics firm Arkham Intelligence, Tesla’s maneuvers with Bitcoin wallets have prompted discussions about the company’s financial strategy amidst speculation…
Lido DAO price fell sharply as the broader crypto market pared gains alongside Bitcoin’s dip to near $70,700. On Oct. 31, the price of Lido DAO (LDO) declined over 10% to trade near $1.05 before regaining some ground. This downturn erased most of the gains from the recent rise from $0.99 on Oct. 28 to $1.15 on Oct. 30. The crypto market’s reaction to the U.S. Personal Consumption Expenditures index for September contributed to the sell-off. Bitcoin (BTC) also appeared to respond negatively to the PCE index. While Lido DAO’s decline mirrored dips in other altcoins, data from Spot On…
The Dune index, tracking on-chain activity and user profiles, points to a new all-time high of crypto adoption. The activity hinges on top chains, including Bitcoin (BTC), and points to both wallet growth and token turnover. The Dune index points to an all-time high crypto adoption, after a constant growth trend since September. The index expanded from a local low of 33 points to 84 points, coinciding with the all-time high of Bitcoin (BTC) above $99,600. On-chain data of crypto adoption surpassed the market peak in March, and reflected the most successful weeks of the bull market in the last…
Legendary trader Peter Brandt recently discussed the current price action of Bitcoin, highlighting his risky bet on an uptrend amid a bearish signal. In an analysis published on October 21, Brandt identified a seven-month inverted expanding triangle formation that continues to shape Bitcoin’s price behavior. This pattern, also known as a “broadening formation,” has been unfolding since March, when Bitcoin reached its historic high. The formation consists of two sloping trendlines that diverge over time, creating a broadening shape. It arises amid a series of lower lows and lower highs amid Bitcoin’s seven-month-long consolidation. Peter Brandt Bitcoin chart Notably, the…
Polymarket, an online prediction marketplace, has gained popularity during this year’s United States elections. Reports suggest that users have placed bets worth over $2.7 billion, forecasting whether Trump or Kamala will win the 5 November presidential elections. While Donald Trump leads at 65% against Kamala’s 34.9%, recent research has raised worries about Polymarket’s legitimacy and accuracy. Source: Polymarket Cryptocurrency research firms Inca Digital and Chaos Labs discovered widespread wash trading plagued the prediction’s platform. The analytics platforms concluded that about 33.33% (one-third) of the trading volume on Polymarket was fake. “Chaos Labs found that wash trading constituted around one-third of…