Author: NBTC

Ethereum price is trading at $2,700 on Aug 23, falling behind the likes of XRP and AVAX in terms of monthly time frame performance, 3 technical indicators offer insights into why ETH price, having struggled to maintain upward momentum over the past month. Ethereum Price Falls Behind XRP, AVAX The global crypto markets continue to find buyers and attract institutional demand despite uncertainty in the global macroeconomic landscape. While the likes of Toncoin and Litecoin have been buoyed by news of Russia Legalizing crypto, Solana and XRP have been lifted by bullish news events from Brazil and US authorities. But…

IOTA’s Q2 2024 report highlights the IOTA 2.0 Testnet launches, including PoS consensus and Mana, for a greener and more efficient network. The IOTAGrants initiative allocated $2.74 million to 25 projects, enhancing the DeFi ecosystem and advancing global trade and regulatory collaborations. According to the Q2 2024 Progress Report dated July 2, 2024, significant strides were made in fostering business-to-business integration. The IOTA Foundation’s development during the past quarter included the launch of the IOTA EVM chain, advancements in decentralization with the IOTA 2.0 Testnet, and enhancements in developer resources and digital identity solutions. One of the most significant moves…

If things are feeling a little quiet — too quiet — then perhaps you’re just missing the Securities and Exchange Commission. Gensler’s agency has been gung ho about suing crypto startups, founders and other entities over the past few years. Ripple, Kraken, Coinbase, Binance, Justin Sun, Consensys and Block.one have all been on the receiving end, with some cases still ongoing. Among those suits have been plenty of unquestionable cases brought against legitimate fraudsters and Ponzi schemers. But the rate of SEC actions has slowed dramatically over the past eight months. The SEC compiles a list of crypto actions on…

A large Bitcoin transaction from Binance’s cold wallet has been detected, according to Onchain data, leading to speculation that adjustments were made by the exchange. Binance Bitcoin Cold Wallet Moves 75,177 BTC The wallet with 75,177 BTC in it transferred 30,000 BTC to Binance’s hot wallet and moved the remaining 45,177 BTC to a different address starting with “3PXB…GKoc”. Although no official statement has been made by Binance regarding the purpose of the transfers, the movement of such a large amount of Bitcoin has attracted attention in the crypto community. Typically, such transfers are associated with liquidity management, security updates,…

Jupiter Spot allows direct access to Pump.fun and Moonshot tokens. The spot market feature brings direct buying for new tokens. Jupiter DEX extended its services by offering spot buying for new and risky meme tokens on Solana. The Jupiter spot market has a new product to integrate Pump.fun and Moonshot, two of the most active meme token casinos. Traders can now buy directly into early liquidity tokens. The new tool arrived just days after Pump.fun achieved an all-time transaction peak in August. The token launch platform makes up to 30% of all Solana transactions each day, depending on specific activity…

Fidelity, a leading U.S. asset management firm with over $4.9 trillion in assets, has achieved a significant break in the spot Ethereum ETF market. Fidelity has stayed ahead of other approved issuers in the past two days, including BlackRock. Other asset managers struggle to keep pace According to data from Farside Investors, Fidelity’s Ethereum ETF (FETH) recorded inflows of $7.9 million and $14.3 million on Aug. 21 and 22, respectively. This marks a significant development, considering that asset manager BlackRock did not register any inflows on either day under consideration. Aside from Fidelity, the only other asset managers with net…

Details of the phase 2 rewards for users have been revealed by Blast, an Ethereum Layer 2 network established by NFT marketplace Blur. With 10 billion tokens allocated, the second round of user rewards—akin to the first round—will be split between Blast Points and Blast Gold, according to a blog post. Blast targeted 17 billion tokens for its first-phase incentives beginning this week. “Phase 2’s main goals are to support the creation of mobile dapps and incentivize users to use those dapps via the Blast App,” company wrote in the post. Five billion Blast tokens, or half of the second-phase…

Stablecoins are now a massive part of the crypto industry. You can’t ignore them even if you tried. Over the past four years, stablecoin transactions have skyrocketed, going from $17.4 billion to a mind-blowing $4 trillion. Right now, the entire inter-currency market was valued at $94.8 billion, and stablecoins took the lion’s share, holding 91.7% of the market. USDT alone is hogging 83.3% of that. But, despite all this action, stablecoins aren’t exactly living up to their name. They’ve got issues, mainly because they lack the backing of major financial institutions. Now, with governments in places like Hong Kong and…

Okto wallet, the self-custodial wallet developed by Indian crypto exchange CoinDCX, has secured a business license from RAK Digital Assets Oasis, a free-trade zone in the United Arab Emirates. According to a press release shared with crypto.news, the new license positions Okto as the first web3 wallet to have received a license to operate in RAK DAO. With this new license, Okto is expected to gain a strategic advantage in the region. The Okto wallet was launched in 2023 and has since amassed over one million users. With support for over ten blockchain networks, including Ethereum, Base, BSC, Arbitrum, Solana,…

While Bitcoin (BTC) is having difficulty recovering after the sharp drop below $50,000 in early August due to the decline in global markets, institutional investors continue to sell BTC. While these sales indicate a possible wave of institutional sales, according to Lookonchain’s post, Ceffu deposited $7 million worth of BTC during the day. At this point, Lookonchain reported that Ceffu, a custody platform affiliated with the Binance Exchange, has deposited a total of 3,568 BTC (worth $211.6 million) to Binance since July 31. Considering that Ceffu provides custody and liquidity solutions for institutional clients, this large BTC transfer in a…