Author: NBTC

A strategic move coincides with a recent decline in Ethereum’s price. A prominent crypto whale has withdrawn 5,160 $ETH, valued at approximately $20 million, from Binance within the past seven hours. This significant acquisition occurred at the average rate of $3,888 per $ETH. It indicates a calculated effort to capitalize on the market downturn. Lookonchain, an onchain crypto analytics platform, has witnessed the accumulation via its official X account. Whales are accumulating $ETH after the $ETH price drops!A whale created a new wallet and withdrew 5,160 $ETH($20M) at $3,888 from #Binance in the past 7 hours.https://t.co/7YZKb9XVLL pic.twitter.com/7JUX8Qb67e — Lookonchain (@lookonchain)…

Neil DeSilva, the former CFO of PayPal Digital Currencies, and Ripple are exploring a partnership to create a sustainable blockchain business. The new venture could involve XRP and potentially push the altcoin towards $1. According to an X post by Ripple, DeSilva and Ripple CFO Jon Bilich discussed minimizing risks in digital asset exposure while building their sustainable blockchain business at the Ripple Swell Conference in Miami. They also touched on the future of tokenization and stablecoins. Ripple’s Stablecoin Ambitions This news follows Ripple’s recent announcement that it will launch a U.S. dollar-backed stablecoin, RLUSD, aiming to compete in the…

Crypto exchange Bybit has announced the addition of Sui to its recently launched On-Chain Earn platform. On Dec. 10, the exchange revealed the expansion of its On-Chain Earn offering with Sui (SUI), , currently the 20th largest cryptocurrency by market cap. Bybit’s On-Chain Earn platform enables users to stake coins directly on the blockchain and supports popular proof-of-stake cryptocurrencies such as Ethereum and Solana. With the addition of SUI staking, holders can now participate in securing the layer-1 blockchain while earning staking rewards. “We are excited to enhance our On-Chain Earn platform with the addition of SUI staking. This staking…

Glassnode’s on-chain metrics explain why Bitcoin is holding steady between $96K and $98K despite fears of a potential decline to $90K. In a recent tweet, Glassnode emphasized the advantages of its Cost-Basis Distribution (CBD) model over traditional technical indicators when analyzing Bitcoin’s price behavior. While conventional tools like moving averages track broad market trends, the CBD model offers a more precise view of investor actions by quantifying Bitcoin’s supply at specific price levels. Bitcoin Finds Strong Support Between $96K and $98K Traditional indicators like the 7-day Simple Moving Average (SMA) offer a general sense of market direction but often miss…

Binance Research’s recent report, “The ETH Value Debate,” analyzes Ethereum’s shifting role in the crypto ecosystem. While it highlights Ethereum’s foundational role in blockchain innovation, the report notes its position is now under scrutiny due to emerging competitors and evolving market dynamics. Binance Research Analyzes Ethereum Binance Research’s report highlights several bullish developments for Ethereum in 2024. Key advancements include the release of the Dencun update, aimed at significantly reducing fees, and the approval of Ethereum ETFs in the US, unlocking new investment opportunities. Despite these achievements, Ethereum’s market dominance has continued to decline, hitting a multi-year low of 13.1%.…

VeChain has prospects, according to analysts speculating about its future. The protocol’s dual token system is a major attraction point, which helps it maintain cross-market efficiency. Market analysts forecast a bullish outcome for VET as VeChain, a smart contract-compatible blockchain with a focus on solving real-world problems. The VeChain blockchain offers unique features like the dual-token system, making it the ideal choice
for Web3 applications. How VeChain’s Dual Token Can Boost VET’s Potentials The VeChain ecosystem consists of two tokens: VeChain Token (VET) and VeChainThor Energy (VTHO). VET is the primary token that facilitates stakeholder voting, investment, and transactional activity. In…

Just weeks after the popular meme coin Dogwifhat (WIF) launched on major centralized trading platforms, Coinbase and Robinhood users that invested in the dog-themed coin are likely licking their paws Tuesday. WIF’s market cap has plunged by nearly $1.2 billion over the course of three days, as other meme coins in the cryptosphere have also taken a hit. At a current price of $2.83, Tuesday’s 12% drop has accelerated the recent losses, leaving almost anyone that bought WIF on Coinbase and Robinhood ahead of Tuesday morning in the red—on paper, at least. Both firms listed WIF last month, broadening investors’…

The Islamic conceptualisation of finance is built around a set of core principles which give primacy to honesty, fairness and accountability in trade and transactions. As such, Islamic finance seeks uphold justice, transparency, and shared prosperity in economic systems. Arguably, fiat currency achieves the exact opposite of these principles, since it introduces uncertainty, speculation and inequities that punish the poor, who earn and spend fiat, and favours the rich who invest in assets that benefit from inflation. In this backdrop, Bitcoin emerges as a solution that aligns remarkably well with Islamic finance principles. This article explores why Bitcoin, with its…

Ethereum has factored in a modest price increase of 0.94% in the past day and is attempting to hit $4K. The altcoin’s daily trading volume has dipped by 20.90% as per CMC data. The global crypto market has decided to stay bullish this weekend as depicted by the 1.38% increase. Leading cryptocurrency, Bitcoin has surpassed its past few days’ resistance at the $100K level and is holding ground as of writing. Meanwhile, the altcoin sector has shown different signals. Some tokens such as PEPE have shown price increases while others have dropped. Notably, Ethereum has factored in a minor price…

Allegations of centralization could pose legal and security risks for Avalanche, potentially classifying AVAX as a security and impacting its future adoption. The report highlights Ava Labs’ control over validating nodes and AVAX tokens, raising concerns about the network’s decentralization and vulnerability. Amid recent developments, the Avalanche Foundation reacquired 1.97 million AVAX tokens from the LFG deal, as reported by CNF. However, Avalanche now faces scrutiny after Crypto Leaks published file number 11, raising concerns over the network’s centralization. According to a recent tweet from community member, Paisan, stating that incredible fireside chat with Avalanche CEO. Incredible fireside chat with…