Author: NBTC
Uniswap, the world’s largest decentralized exchange, is apparently a top burner of Ethereum, with a staggering 9,001 ETH incinerated from the circulating supply in the last 30 days. This activity firmly positions Uniswap as a key player in the Ethereum ecosystem, not just in terms of volume but also in influencing the coin’s scarcity. The mechanism behind Ethereum’s burn is a recent upgrade known as EIP-1559, which introduced a transaction fee burn for every operation made on the network. Uniswap, as the leading DEX, handles a massive volume of transactions, naturally leading to a higher rate of ETH being burned.…
On January 24, Binance, a blockchain ecosystem and cryptocurrency service provider, conducted surveys in France, Spain, Italy, and Sweden to explore the habits of European crypto users. The initiative provides an in-depth examination of the preferences and behaviors of the European crypto community. According to the survey findings, a noteworthy trend emerges, indicating that 73% of respondents express optimism regarding the future of cryptocurrencies, as per information shared with Finbold. Additionally, 55% of participants exclusively engage with digital assets, showcasing a significant reliance on these financial instruments within the surveyed demographic. Rachel Conlan, CMO of Binance, said: “We are delighted…
Discover how many Dogecoins are there and their impact on the crypto market. Explore the unique, uncapped Dogecoin supply and its global spread. In the last few years, cryptocurrency has taken the world by storm, offering a plethora of digital currencies from the well-known, such as Bitcoin (BTC) and Ethereum (ETH), to the more niche and whimsical, such as Dogecoin (DOGE). In this article, we delve into the specifics of Dogecoin, addressing the fundamental question; how many Dogecoins are there? Dogecoin: a brief history Before plunging into the numbers, let’s revisit the origins of Dogecoin. Launched in 2013 by software…
Bitcoin’s price has finally created a new higher high, following weeks of consolidation and correction. This has caused many investors to believe that a new all-time high will be created in the upcoming months. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has broken above the key $48K resistance level after a previous rejection. Bitcoin is currently targeting the $52K resistance level in the short term. Meanwhile, the Relative Strength Index is demonstrating a clear overbought signal that hints at a possible correction in the near term. Yet, with the $48K area turning into a…
The availability of Bitcoin (BTC) on Over-the-Counter (OTC) desks has sharply decreased, with reports suggesting that at one point, only about 40 BTC were available for sale. This news has significant implications for the market and could herald a new era in BTC trading dynamics. OTC Desks Had 40 Bitcoin Available On Wednesday Caitlin Long, the CEO and founder of Custodia Bank, provided an eye-opening account of the current state of the OTC Bitcoin market. Through a series of posts on X (formerly Twitter), Long noted, “The #HODLgang has mostly held…I spent time in NYC over the past couple of…
In an exciting turn of events witnessed within the cryptocurrency landscape, Ethereum whale accumulations appear to be on the rise as the token’s price has recently noted a significant downturn. As per on-chain data surfacing over the crypto horizon, two prominent whales appear to be on a buying spree, accumulating Ethereum at price dips. These whales have previously been observed accumulating ETH at price lows, thereafter selling them at price highs, nabbing noteworthy profits. Meanwhile, as the accumulations emerge amid the token’s price plunge, market sentiments for Ethereum are taking a thrilling twist, hinting at bolstered prices shortly ahead. A…
While there is very little time left for the FED to announce its January interest rate decision, interest rate cut expectations are increasing. While Bitcoin and cryptocurrency markets are closely following when the FED will cut interest rates, a statement on interest rates came from former FED official James Bullard and James Bullard and Goldman Sachs official Joshua Schiffrin. First speaking to the Wall Street Journal, Bullard said the Fed could potentially start cutting interest rates in March, before inflation reaches 2 percent. In his statement, Bullard stated that the core inflation rate, excluding food and energy prices, may decrease…
Flare (FLR) is bullish after its co-founder Hugo PHILION shared news of XRP integration into its network. At the time of writing, the FLR price has jumped 7.1% over the past 24 hours to $0.03175. The price rose 10% over the weekend as bulls weighed in the impact of XRP on the protocol. Despite their close association with Ripple Labs, FLR and XRP do not have unique ways to interoperate, an integration problem that Philion and his team are now looking to solve. Taking to his official X page, Philion noted that “FXRP will enable XRP to come to Flare…
VC investor and Bitcoin podcaster Anthony Pompliano has voiced a mega-bullish Bitcoin prediction. He expects the price of digital gold to continue rising way above the $50,000 level and the reason is not the upcoming halving event. “Bitcoin price has to go higher”: Pompliano Pompliano, known on Twitter as simply “Pomp”, took to this platform to make a major Bitcoin price prediction. The angel investor believes that the $50,000 level reached yesterday is not the last stop for the flagship cryptocurrency. Pompliano did not make any specific predictions. However, he stated that “the price has to go higher.” According to…
Discover Crypto YouTube channel hosts have revealed a pattern on the Ethereum price chart that could signal the beginning of a significant rally. According to the hosts, a similar pattern in 2020 led to a 1,000% rally on the flagship altcoin. In a recently uploaded video, the Discover Crypto hosts showed that after 600 days, ETH’s price has broken out of an ascending triangle. One of the hosts noted that the signal indicated that altcoins are starting to see increased volume. He also saw it as an indication that a bullish market for altcoins is about to kick in. From…