Author: NBTC

Cardano Founder Charles Hoskinson responded to Ben Armstrong’s comments about ADA status as a ‘dead coin’. Hoskinson’s reply sparked a conversation about the state of the crypto industry and what’s valued in projects. Cardano And Polkadot Labeled ‘Dead Coins’ On Wednesday, crypto influencer Ben Armstrong, known as BitBoy Crypto, shared his thoughts on Cardano (ADA) and Polkadot (DOT). The influencer took X to explain his previous comments, stating that both cryptocurrencies were dead. In a YouTube Video from April, Armstrong said that ADA was “dead for real.” The crypto influencer believed that this time “was different.” To him, investors had…

Shaquille O’Neal will have to defend himself against some of the allegations in a class action lawsuit against him concerning the promotions he did for the Astrals NFT project. The court did dismiss the allegation that O’Neal was a “control person,” meaning someone who exercised actual power. A U.S. court has granted one part and dismissed another part of a class action lawsuit against legendary basketball player Shaquille O’Neal for his role in the NFT project Astrals, according to court documents filed on Friday. Astrals was a project involving a collection of 10,000 non-fungible tokens (NFTs) 3D avatars and a…

The Bitcoin asset landscape continues to evolve with major institutions accumulating large amounts of BTC. Here’s a look at the top 10 Bitcoin holders: Satoshi Nakamoto: 1.1 million BTC Binance: 550,133 BTC BlackRock: 347,767 BTC Grayscale: 263,801 BTC MicroStrategy: 226,500 BTC Bitfinex: 221,315 BTC US Government: 213,246 BTC Chinese Government: 190,000 BTC Fidelity: 176,626 BTC Block One: 164,000 BTC In related news, U.S.-listed spot Bitcoin ETFs saw net outflows of $81 million on Wednesday, marking the end of a two-day positive streak. Grayscale’s GBTC saw the most outflows at $56 million, followed by Fidelity’s FBTC at $18 million. Ark Invest’s…

The accumulation of Ethereum (ETH) by large investors, known as whales, has recently intensified. Despite a recent price drop, some analysts predict Ethereum could soon reclaim the $2.9k mark. A noteworthy transfer of 12,461 ETH to an exchange suggests increased selling pressure in the short term. Ethereum’s current market dynamics involve a tug-of-war between investor selling pressure and whale accumulation. Surge in Ethereum Whale Accumulation In recent weeks, Ethereum has seen a marked increase in the amount held by top addresses. This trend is significant as these large wallet holders, often referred to as whales, have a considerable impact on…

Recently, IntoTheBlock, a leading crypto analytics firm, released a report highlighting the resilience of several memecoins despite the general downturn in the crypto market. This report reveals that certain memecoins are not only surviving but also thriving, with a majority of their holders remaining in profit. The analytics provided by IntoTheBlock offer a comprehensive look at the performance of these coins, showcasing a surprising defiance of the broader market trends. This resilience is particularly noteworthy given the typically speculative and volatile nature of memecoins, which are often influenced by social media trends and celebrity endorsements rather than the more traditional…

Yesterday, the price of Bitcoin fell by over 4% to around $58,000, triggering a broader market decline. Major cryptocurrencies such as Ethereum, Solana, Cardano, BNB Chain, and XRP also suffered losses, although not as severely as Bitcoin. The decline follows the release of US CPI data, which despite positive stock market reactions, appeared to have negatively impacted the cryptocurrency market. US-listed spot Bitcoin ETFs saw net outflows, with Grayscale’s GBTC particularly affected. In contrast, Ethereum ETFs saw sustained inflows, with BlackRock’s ETHA particularly on the rise. Cryptocurrency analytics firm CryptoQuant has issued a warning about the potential for further market…

Uniswap Labs has recently shared the list of the per-week number of pools that are emerging on the prominent blockchains. The data provided by Uniswap Labs, the company behind the well-known decentralized finance protocol Uniswap, includes Optimism, Arbitrum, Polygon, Ethereum, and Base. The platform took to its official social media account to provide the details of these pools. Weekly number of pools being created on Uniswap v2Optimism: 342Arbitrum: 1,866Polygon: 2,989Ethereum: 118,820…and Base: 512,545 🔵 pic.twitter.com/VkBPaY4qMq — Uniswap Labs 🦄 (@Uniswap) August 19, 2024 Uniswap Labs Shares the List of Cumulative Weekly Pools Developed on Top Blockchains In its exclusive X…

Shiba Inu price has the potential to rise to the $0.00018 territory if someone burns 410 trillion SHIB like Ethereum founder Vitalik Buterin did in 2021. The broader market has continued to dictate Shiba Inu’s price over the years. As a result, SHIB, which has followed in Bitcoin’s (BTC) footsteps since launch, has witnessed a series of price upswings and declines. The meme coin is currently 80.6% down from its ATH of $0.00008845. Besides the broader market trend, Shiba Inu price is also a product of unique market demand and token burns. A proper combination of increased demand and reduced…

Kyrgyzstan has proposed amendments to laws governing its central bank and the payments industry to pave the way for a central bank digital currency (CBDC). The National Bank of the Kyrgyz Republic (NBKR) has stepped up its CBDC development this year. In March, it selected 12 companies that had submitted proposals for a digital som. They included New York-based R3, the company behind the Corda blockchain, and Germany’s Giesecke+Devrient (G+D), which is conducting similar CBDC projects with Mauritania, Thailand, Brazil, and Ghana. A month later, the central bank revealed that it had developed a demo version of the digital som…

Miners listed in the U.S. have an advantage over private peers as they can raise capital easily, the broker said. Bernstein said it sees the large publicly traded U.S. bitcoin miners as consolidators in the sector. Leading miners should focus on growing market share and increasing their hashrates, the report said. Bitcoin (BTC) miners listed in the U.S. have a large advantage over their unlisted peers because their easier access to funding offers them more financial options than privately held firms or those that trade elsewhere, broker Bernstein said in a research report on Monday. “Being able to raise debt/equity…