Author: NBTC
The cost of transferring ether has dropped to as low as 2.6 Gwei as of mid-2024, thus lowering the overall transaction fees. New network improvements and decreased overall transaction rate are the main reasons for lower Ethereum gas fees and cheaper transactions. Currently, only 9.8% of the Ethereum supply is held at centralized exchanges, which may point towards a possible supply-side shock and, therefore, a bullish market sentiment. The cost of sending transactions on the Ethereum network has slashed to its lowest in mid-2024, opening up more room for cheaper transfers. Glassnode data reveals that the average gas price has…
Thousands of crypto traders have apparently been sucked in by yet another fake news report about US presidential candidate Kamala Harris. This time, they thought she endorsed a new tax on unrealized gains that would affect millions of crypto investors. Misreading little more than a headline from news snippet accounts like WallStreetBets or WatcherGuru, incensed readers decried the US presidential candidate supposedly wanting to tax unrealized capital gains at 44.6%. Somehow, they believed, Harris wants to force crypto holders to sell off roughly half of their portfolio and mail the proceeds straight to the IRS. However, exactly like the ‘news’…
Cryptocurrency analysis company Santiment discussed two cryptocurrencies that it claimed were experiencing “FUD” intensity in its post. According to the analytics company, fear is in the air and traders are talking about two cryptocurrencies: Bitcoin (BTC) and Bittensor (TAO). According to analysts, Bittensor is experiencing FUD and has seen a loss in value due to the security vulnerability that led to the theft of a total of $8 million worth of TAO from cryptocurrency users’ wallets. On the other hand, for Bitcoin, a brief drop below $60,000 on its chart led traders to talk about worrying trends and sell their…
A Nigerian judge will hear a money laundering case involving the cryptocurrency exchange Binance and two of its executives next week. The hearing was moved to an earlier date following a request by the defense. Originally scheduled for October 11, the court date is now set for September 2, according to the prosecutor. Binance is accused of laundering over $35 million. The charges also extend to two of its executives: Tigran Gambaryan, a U.S. citizen and head of financial crime compliance, and Nadeem Anjarwalla, a British-Kenyan regional manager for Africa. Both Binance and Gambaryan have denied the charges. Anjarwalla, however,…
DBS Treasury Tokens speed up payments making liquidity management faster and more efficient. Ant International’s Whale platform uses blockchain to improve security and transparency in fund transfers. The new system helps businesses manage cash flow in real-time across different regions and currencies. The bank has partnered with Ant International to introduce blockchain-based Treasury Tokens. This new solution helps manage multi-currency treasury and liquidity across different markets, making financial operations more efficient. Better Liquidity Management DBS financial tokens make it possible to settle intragroup deals much faster. What used to take days can now be done in seconds. This speeds up…
Bitcoin price surpassed the $60K level yet again in the last 24 hours. The cryptocurrency’s daily trading volume surged 48.31% according to CMC data. The cryptocurrency sector has fallen short of analysts’ predictions since July. Market analysts expected the H1 bullish momentum to sustain in the second half and propel prices further. However, the crypto market witnessed tremendous crashes twice in the past few months, causing prices to plummet to previous support levels. Notably, the largest cryptocurrency Bitcoin price surpassed the $60K resistance, yet another time in the last 24 hours. In the Asian early hours of August 19, the…
Ethereum price is correcting gains from the $2,820 resistance. ETH could start another increase unless there is a close below the $2,645 support. Ethereum is correcting gains below the $2,780 and $2,750 levels. The price is trading below $2,720 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $2,740 on the hourly chart of ETH/USD (data feed via Kraken). The pair could find bids near the $2,650 and $2,645 levels. Ethereum Price Starts Downside Correction Ethereum price extended its increase above the $2,750 resistance level. ETH even climbed above $2,800…
GAMEE, the mobile gaming platform behind the WatBird game, has received an investment from Pantera Capital to expand its presence on The Open Network. Animoca Brands‘ gaming subsidiary, GAMEE, has received an investment from Pantera Capital, a California-based venture capital firm, to extend its reach across multiple blockchain networks, according to an Aug. 21 press release. While the funding size was not disclosed, the investment is understood to help GAMEE expand its presence on The Open Network (TON) via WatBird, a Telegram-based app. Animoca notes that the investment from Pantera follows a recent investment GAMEE received from TON Ventures, a…
In a significant development for the web3 gaming landscape, Helika, a pioneering project designed to empower game studios to build, grow, and optimize their offerings, has announced a strategic partnership with Notcoin, a prominent web3 community. This collaboration aims to revolutionize user acquisition (UA) strategies by leveraging collective resources to benefit both traditional and web3 gaming studios, potentially bypassing conventional advertising avenues. Helika 🤝 @thenotcoinWe are excited to announce a Strategic Product Partnership with @thenotcoin, one of the largest web3 communities with 9M+ off-chain and 2M+ on-chain holders.The joint product offering will drive profitable UA for both traditional and web3…
Credbull Closes $5.2M Round Led by Gnosis VC to ‘Democratize Private Credit’ On-chain PROTOCOL VILLAGE EXCLUSIVE: Credbull, which in April launched what it described as the “first licensed on-chain private credit fund” on the Polygon PoS blockchain, announced a $5.2M funding round led by GnosisVC, with strategic participation from Outlier Ventures, HODL Ventures, XBTO, LucidBlue Ventures, CryptoHedge, Marcello Mari (SingularityDAO) and others. According to the team, “Credbull aims to democratize private credit RWA investments by connecting traditional finance with Web3.” Web3 Streaming Platform Myco.io to Ship Content on Aptos Myco.io, a Web3 streaming platform, announced a strategic partnership with Aptos…