Author: NBTC
In this article, we delve into Aptos, one of the most scalable blockchain techs in the crypto landscape that competes as an alternative to Ethereum. This project is particularly interesting because it uses its own programming language and an advanced on-chain architecture. Even the governance token APT itself is a fundamental resource of the crypto market, boasting a capitalization of over 5 billion dollars. Let’s see everything in detail below. The salient traits of the blockchain tech of Aptos Use cases and advantages of blockchain On-chain analysis of the Aptos network Analysis and forecasts of the crypto APT (Aptos) The…
Coinbase Support has come under severe scrutiny as users on X reported restricted access to their accounts. The backlash came after Coinbase claimed that a ‘minor increase’ in restricted accounts was due to prolonged inactivity and FUD (fear, uncertainty, and doubt) concerns. However, hundreds of users have commented on the post, detailing how their accounts have been frozen for months and even years. Users on X also left a community note, saying Coinbase’s statement is false. Coinbase Support Faces Major Scrutiny from Users On Monday, December 9, Coinbase support acknowledged a significant rise in account activity, including new and reactivated…
Orochi Network and XProtocol have officially announced their strategic partnership, promising to elevate the Web3 gaming experience. This collaboration brings together Orochi’s robust security and scalability with XProtocol’s innovative Superchain. This news was announced through X account of Orochi Network. Orochi Network and XProtocol Unite for Next-Gen Web3 Gaming The goal is to form a convenient and user-oriented environment for digital entertainment The interested parties will be able to use XProtocol, an entertainment-focused DePIN Superchain, which has attracted interest from such investors as Saison Capital and Dragonfly. XProtocol is built on the XForge Web3 Smartphones which allow users to operate…
Bitcoin’s (BTC) price movement has failed to excite investors as sideways trading has persisted. While the situation is not too bleak for the coin, it has failed to clear the next resistance levels and target the next highs. Amid this ongoing struggle, a major development has been seen for BTC. In a massive move, a dormant Bitcoin wallet has awakened after more than a decade. Crypto tracking service Whale Alert revealed that the wallet remained in dormancy for 12.7 years. Notably, the wallet stored 100 BTC in 2012, valued at around $605 during that time. The Satoshi-era wallet has been…
Justin Sun deposited 29,920 ETH worth $119.7M into HTX after Ethereum hit $4,000. His total ETH investment of 392,474 ETH has generated $366M in profits. Justin Sun, the founder of Tron, deposited 29,920 ETH worth $119.7 million into HTX just nine hours ago, coinciding with Ethereum’s price surpassing the $4,000 threshold. This substantial transaction is part of a broader investment strategy where Sun accumulated 392,474 ETH between February and August of this year. The average purchase price for this ETH was $3,027 per unit, totaling an investment of approximately $1.19 billion. Currently, Sun’s estimated profit from this massive Ethereum investment…
Edo Farina, CEO of Alpha Lions Academy, recently sparked conversation in the XRP community by asking enthusiasts how they would spend a gift of 1,000 XRP. Farina specifically sought opinions on what individuals would do with 1,000 units of XRP if he were to send it to them for free. The inquiry garnered significant attention, with many offering their suggestions. Kernow Maiden, an innovator in the XRP Ledger, mentioned that she would commit the 1,000 XRP to her children’s funds. Likewise, many commenters highlighted their intention to secure it in cold storage for long-term holding. However, commenters who are pessimistic…
Binance, the world’s largest cryptocurrency exchange, announced the proof-of-reserve system to regain the decreasing trust in Bitcoin exchanges after the sudden bankruptcy of FTX. In this context, Binance, which publishes reserve reports at regular intervals, has published the 25th Report (snapshot date December 1) of its reserves. Apart from Bitcoin (BTC), the report includes USDT, Ethereum (ETH), BNB, Solana (SOL), FDUSD, XRP, USDC, TUSD, Dogecoin (DOGE), Polygon (MATIC), Polkadot (DOT), Chainlink (LINK), SHIB, Arbitrum (ARB), Litecoin (LTC), Optimisim (OP), Chilliz (CHZ), UNI, Aptos (APT), GRT, SSV, CHR, ENJ, 1INCH, CRV, WRX, MASK, HFT, BUSD and CVP and BOME, Pepecoin (PEPE)…
Dimo, a platform for developers to build apps and enable car drivers to monetize their data, is migrating between Ethereum scaling networks, the developers exclusively told Decrypt—from Polygon to Coinbase’s Base. Co-founder Rob Solomon believes the move opens doors for valuable partnerships ahead. The project is a “global API layer for cars” that is aiming to make every car on earth smart and programmable. This could manifest, the company says, in a future full of AI car mechanics and smart parking garages, as well as users making money when their data is sold. Up until this point, Dimo has been…
Crypto analyst Rekt Capital maintains that Bitcoin will not close in the red in October, citing its historical performance. The month of October has shockingly come with surprises as regards price expectations from the largest cryptocurrency by market cap. Bitcoin is currently on a 3.78% price deficit from its closing price in September. Bitcoin proponents were further stunned when the premier crypto asset dropped to a 3-week price low on Thursday. For context, Bitcoin fell to $58,900 yesterday, a price it last saw in mid-September. Amid the swelling doubts among market participants regarding October’s outturn, crypto analyst Rekt Capital has…
Several Ethereum (ETH) on-chain metrics suggest a potential short-term price correction after the cryptocurrency’s 35% rally over the past 30 days. ETH recently touched the $4,000 mark, prompting concerns that it was overbought. As the price reaches this key resistance level, the metrics suggest that selling pressure may intensify, potentially leading to a pullback before any further upward movement. Ethereum Flashes Bearish Signs One of the top Ethereum on-chain metrics suggesting this decline is the price-Daily Active Addresses (DAA) divergence. Simply put, the price DAA divergence shows whether a cryptocurrency’s value is increasing alongside user engagement or not. When the…