Author: NBTC
The Ethereum Foundation launched the Argot Collective — a long-term, non-profit organization for Ethereum software development. However, the initiative has sparked controversy, especially among proponents of the Vyper programming language. Curve Finance Founder Michael Egorov Slams Ethereum Foundation The Argot Collective shared the announcement, revealing a structure to support Ethereum-related projects for up to a decade, with the backing of long-term grants. Based on the blog, Argot’s mission is to foster a non-hierarchical, democratically governed environment that promotes software development for the Ethereum ecosystem free from commercial pressures. Argot will focus on several projects, including Solidity, Fe, and other Ethereum…
BitMEX founder Arthur Hayes reportedly says that layer-1 blockchain Aptos (APT) is capable of solving many problems for the traditional finance (TradFi) world. In a speech at the recent Aptos Experience conference in Seoul reported by Aptos co-founder Mo Shaikh, Hayes says that his experience in the TradFi world showed him how antiquated the industry is, with large amounts of friction and frequent disputes over settlement delays, currency payments and stock deliveries. The crypto veteran says that a world where TradFi products trade on an Aptos-based decentralized exchange (DEX) could change that. “As an ETF (exchange-traded fund) issuer, you don’t…
Against the popular expectation that the proposed US Fed interest rate cut would push the Bitcoin price today up, cryptocurrency analysts have predicted a sharp fall in the BTC price post the said rate cut. Can that be the truth? Fed Rate Cut & Bitfinex Analysts’ Prediction Recently, Fed Chair Jerome Powell hinted that an interest rate cut would be announced in September. Generally, a rate cut is considered as an optimistic development by the crypto community. In a normal situation, such a rate cut leads to an increase in fund flow to the crypto market, as investors start to…
As it turns out, thanks to a report from Whale Alert, a massive 50,000 Ethereum (ETH) tokens have just landed on the world’s largest cryptocurrency exchange, Binance. What is fascinating, though, is the fact that the sender is an unknown entity, according to the initial report. A colossal amount of Ethereum tokens worth over $127 million was sent from address “0xE69,” which Whale Alert identifies as unknown, to 0x28C, which apparently belongs to Binance. In the common sense of crypto market participants, such transfers – from an unknown wallet to an exchange – are seen as a signal that a…
The pseudonymous social media marketing lead of the Shiba Inu team Lucie has taken to her X account to continue the recently published post about the “ugly truth” about the backstage of the listing process on some cryptocurrency exchanges. This time, Lucie also mentioned Dogecoin and its biggest fan Tesla CEO and X owner Elon Musk. Musk can’t pump DOGE any more, Lucie believes In an earlier post on the X platform (formerly Twitter) Lucie revealed “ugly truth” about how some centralized cryptocurrency trading platforms handle requests to list new tokens from their teams. Lucie said that exchanges often do…
Canaan Inc. announced a new agreement to deliver 3,800 Avalon A1566I miners to Cleanspark Inc., a publicly listed bitcoin mining and energy technology firm. A New Deal Between Canaan and Cleanspark According to the announcement, the bitcoin miners, set to run at 249 terahash per second (TH/s) without overclocking, are configured for immersion cooling—a technique involving submerging mining hardware in liquid to supposedly improve performance. The scheduled delivery is for Q4 2024. Canaan (Nasdaq: CAN) claims the Avalon A1566I aligns with Cleanspark’s (Nasdaq: CLSK) immersion cooling approach, said to boost energy efficiency in its mining operations. Cleanspark has focused on…
The price of Bitcoin seems to be going through a difficult time: Bitcoin spot ETFs lost 287 million dollars in a single day and there has been a decrease in the number of active addresses. In all this, market operators seem to be standing still, observing the various factors, with the US presidential elections just around the corner. Bitcoin price in trouble: spot ETFs lose 287 million dollars in a single trading day Bitcoin price without direction: active addresses decrease due to uncertainty The short-term negative forecasts Bitcoin price in trouble: spot ETFs lose 287 million dollars in a single…
Some days ago, Ethereum (ETH) showed readiness to climb toward $3,000. But as last month neared its end, the momentum changed, leading the second most valuable cryptocurrency to drop below $2,600. Will ETH’s price recover? This is one thing that investors will want to know. In this on-chain analysis, BeInCrypto explains why the altcoin might soon reverse the trend. Ethereum Bearish Outlook Eases According to CryptoQuant, Ethereum’s price decrease caused a decline in the Taker Buy/Sell Ratio. This ratio is calculated as the buy volume divided by the sell volume in perpetual swap trades. When the value is above 1,…
The Solana (SOL) community is preparing for the annual event dubbed Breakpoint, which the Solana Foundation in Singapore has organized. Earlier today, the Solana team announced that the online tickets for September 19 to September 21 have already sold out. However, the Solana team highlighted that a few tickets may be available at the door. The Solana Breakpoint intends to bring forth innovative ideas from different leaders to enable the mainstream adoption of blockchain technology globally. This year’s Solana Breakpoint was sponsored by stablecoins issuer Circle, Wormhole, Santiment, Auros, Crypto.com, and meme coin project Bonk (BONK) among others. Another major…
Bitcoin (BTC) is currently trading below $60,000, starting the month on a downward trend. Despite this, experts suggest September could be a prime buying opportunity. Based on Bitcoin’s performance history, September is the worst-performing month, with a track record of less-than-desirable returns. Why Experts Say Buy Bitcoin in September Michael van de Poppe is among those predicting a potential bullish turn for Bitcoin. He believes that a quiet market often signals the final phase before a rally. “Dull market, which is usually the end stage before the party begins. Regarding price action on BTC: You’d need to get a breakout…