Author: NBTC

The last seven days have been very crucial for the crypto exchanges in terms of liquidation as over $1.01 billion in funds were liquidated from prominent exchanges during the past week. An on-chain analytical firm shared the report and the stats on the social media platform, X. Top Exchanges by Liquidations in last 7 daysThe vast majority of the casualties were long positions last days, with more than $1.01B liquidated in total. Let’s take a look at the top exchanges by liquidations of longs and shorts within last week, according to @coinglass_com. pic.twitter.com/2ye6t23wCG — TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico)…

Bitfarms defended its pending acquisition of Stronghold Digital Mining on Wednesday, calling recent claims from Riot Platforms “misleading.” The months-long feud between Bitfarms and Riot was revived Tuesday when the latter company called on Bitfarms to halt all transactions ahead of its October shareholder meeting. That message — in the form of Riot’s open letter to shareholders — came after Bitfarms last month revealed its proposed buy of Stronghold Digital. Read more: Riot criticizes Bitfarms’ acquisition proposal, board changes Riot, which is Bitfarms’ largest shareholder, criticized the pending $125 million stock-for-stock transaction (with Bitfarms also set to assume $50 million…

Bitcoin (BTC) is aiming to reclaim the psychological level of $60,000 amid a short-term correction, with analysis suggesting that technical indicators point to the cryptocurrency being poised for a new record high. In particular, in an X post on August 12, the analyst by the pseudonym TheMoonCarl stated that Bitcoin is facing key resistance, which, if breached, could lead to the cryptocurrency reaching $125,000. The prediction is based on forming a “cup and handle” pattern. TheMoonCarl showcased Bitcoin’s price movement from 2021 to the present day, highlighting the formation of the cup portion, which began after the asset’s decline in…

As of recent data, the Ethereum network boasts an impressive total value locked (TVL) of approximately $46 billion. It reflects its significant role in the decentralized finance (DeFi) ecosystem. As per the data provided by DefiLlama, it highlights how this value is been distributed across different protocols. Top Ethereum Protocols by Total Value LockedThe total value of assets locked in @ethereum $ETH is around $46B, according to @DefiLlama. Let’s compare the top DeFi-protocols on #Ethereum chain by current #TVL in USD, in order to evaluate their adoption scale. pic.twitter.com/fJAmmHL6oO — TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) September 4, 2024 Lido…

In 2024, validators on Solana have experienced a notable shift in revenue distribution, due to the rise in decentralized finance (DeFi) activities. Data shared by Tom Wan from a Dune Analytics dashboard highlights the changes in revenue sources for Solana validators. Revenue Breakdown Over Time In January 2024, Solana validators saw a revenue structure dominated by issuance, which constituted 95% of their income. In contrast, Minor Extractable Value (MEV) and fees accounted for only 1.9% and 3.1%, respectively. Solana Validators’ Revenue Breakdown has changed drastically in 2024 thanks to the increase in DeFi activities 1. In early Jan: – 95%…

WazirX has begun the second phase of its fiat currency withdrawal process ahead of schedule on Sept. 3. The process was originally slated to begin on Sept. 9 and comes as the exchange faces the aftermath of a major security breach that resulted in the theft of over $230 million in user assets. CEO Nishal Shetty shared the update on social media and said the exchange is continuing to do all it can to restore access to customer funds. Early withdrawal access For now, users can withdraw up to 66% of the total INR amount deposited on the exchange, with…

Despite a bump in mining difficulty and a drop in hashprice, Bitcoin’s total hashrate is still on the rise. In fact, on Wednesday it’s just 12 exahash per second (EH/s) away from reaching its peak of 677 EH/s, which was recorded on July 25. Bitcoin Mining Operations Push Through Lower Hashprice, Nearing Record Hashrate On Aug. 28, 2024, Bitcoin’s mining difficulty increased by 2.99%, climbing from 86.87 trillion to 89.47 trillion, making it tougher for miners to uncover blocks. Simultaneously, bitcoin’s price has dipped 1.5% over the past week, even after a brief uptick on Sept. 4. At the same…

Bitcoin is now over 640 days into a bull market, if you believe we’re still in one. A couple hundred days ago back in January, bitcoin’s bull market performance to date had more or less tracked between the previous two cycles: just under 4.5x returns. Bitcoin at this point in the 2015 to 2018 cycle was however quickly heating up. Between January and July 2017, bitcoin exploded from $800 to over $2,800. It eventually carried onto nearly $20,000 by the end of the 2017, setting an all-time high that wouldn’t be broken for three years. The lines pit bull markets…

XRP community member “Financial Freedom” has challenged the notion of XRP reaching $1,000, dismissing it as unrealistic while noting that $15 may be attainable. This comes as members of the XRP community recently unearthed old commentaries by the U.S.-based exchange Uphold concerning XRP reaching $1,000. While some XRP proponents remain optimistic about the ambitious target, others, like “Financial Freedom,” are calling for a more realistic outlook. First, the commentator criticized the community for entertaining such “insane price predictions,” pointing out the unrealistic nature of the forecast given current market dynamics. Specifically, “Financial Freedom” noted that at the hypothetical $1,000 price,…

In a recent tweet, Japanese cryptocurrency exchange CoinCheck announced the listing of the seventh largest digital currency XRP. Aside from that, the platform is listing five other cryptocurrencies – Ethereum (ETH), Shiba Inu (SHIB), NEM (XEM), IOST (IOST), and Enjin Coin (ENJ). The first X post, announcing the upcoming listing of these digital assets was published by the platform on August 30. CoinCheck holds the 48th position on the CoinMarketCap list of crypto exchanges around the world. /／Coincheck取引所において6通貨の取扱いを開始しました！✨\＼本日より #Coincheck 取引所においてETH、XRP、SHIB、XEM、IOST、ENJの取扱いスタート！🔥 https://t.co/NOY7NT7SfY — Coincheck(コインチェック) (@coincheckjp) September 4, 2024 This XRP listing comes after the major Ripple win in court, which the…