Author: NBTC
A dormant Ethereum wallet from the Satoshi era has recently come to life. Whale Alert, a popular tracker of large-scale cryptocurrency transactions, reported that a pre-mine address containing 133 Ethereum (ETH), valued at approximately $329,492, has been activated after lying dormant for 8.5 years. This unexpected activity has stirred considerable interest in the crypto community, given the long inactivity of the wallet. Revival of ancient Ethereum addresses The recent activation of this Satoshi-era Ethereum wallet is not an isolated incident. Over the past few months, several dormant pre-mine Ethereum addresses have been reactivated. For instance, Whale Alert reported on Jan.…
HashKey Exchange CEO Livio Weng expressed optimism at the Asia Today Summit today, sharing his hopes for the launch of the Hong Kong spot ETF in the first half of 2024. HashKey Exchange CEO Targets Hong Kong Spot ETF Launch in First Half of 2024 Weng highlighted several challenges the exchange currently faces, including restrictions on overseas customers due to debit card authentication, limited trading to only two available cryptocurrencies for retail investors. Weng emphasized the importance of offering low-risk leverage instruments that will facilitate hedging for both institutional and private investors and enable them to effectively participate in inter-market…
Pieter Nierop, a Cardano proponent affiliated with the Cardano Fans staking pool, asserted that Cardano could see a huge supply shock amid a disclosure that investors have held 7 billion ADA for over five years. For the uninitiated, a supply shock is a sudden reduction in the available supply of a crypto asset, often due to factors like halving events (as in the case of Bitcoin and Litecoin) or increased interest from retail or institutional investors leading to massive purchases. Market participants consider this phenomenon bullish because reduced supply, combined with sustained or growing demand, can drive up the cryptocurrency’s…
Tuur Demeester, a popular cryptocurrency analyst and early Bitcoin evangelist, has forecasted that Bitcoin’s value will soar to between $200,000 and $600,000 by 2026, fueled by trillions of dollars of government bailouts and stimulus. In a post on the microblogging platform X (formerly known as Twitter), Demeester pointed his over 260,000 followers to a prediction he made back in 2019 where he said Bitcoin’s price would trade between $50,000 and $100,000 over the upcoming rally. Bitcoin moved to an all-time high of $69,000 in 2021, before entering a bear market. Of banks and governments. For example, US government today is…
Uniswap recently launched a browser sidebar crypto wallet to enhance the user experience. This development emerges amidst heightened interest in restaking and the potential for Ethereum exchange-traded funds (ETFs), positioning Uniswap as a potential rival to the well-established MetaMask. Following the announcement of Uniswap V4, the platform has introduced this new non-custodial wallet. This move is part of Uniswap’s broader strategy to innovate within the cryptocurrency wallet space. Uniswap vs. MetaMask: A New Chapter In response to a governance proposal, Uniswap has initiated a waiting list for its new browser-based self-custodial crypto wallet. This wallet seeks to modernize the transaction…
February was undoubtedly an amazing month for Bitcoin, with the cryptocurrency going on a 39% surge to cross over $60,000. Notably, price history has shown this is the second most profitable February in the history of Bitcoin and the most profitable February in 11 years. Indeed, many market players have anticipated this price surge to continue throughout 2024 as the next Bitcoin halving approaches. According to an analysis from trading expert Peter Brandt, the price of BTC is set to skyrocket to $400,000 after the next halving. Crypto Expert Peter Brandt Predicts Bullish BTC Price Points After Halving Bitcoin halvings,…
Amid the broader cryptocurrency market sell-off, the Ethereum price has also come under some selling pressure and is currently trading 2.02% down at $2,421 with a market cap of $291 billion. Ethereum Price Remains In the Key Demand Zone In a recent market update, prominent crypto analyst Ali Martinez sheds light on the current state of Ethereum ($ETH). The second-largest cryptocurrency is positioned within a crucial demand zone, fluctuating between $2,388 and $2,460. According to Martinez, the strength of this support level will determine the trajectory for Ethereum in the near term, with a favorable scenario suggesting a clear path…
CBRT announced its interest rate decision for January 2024. The CBRT Monetary Policy Committee increased interest rates to 45% in January with a 250 basis point increase. The expectation was that the policy rate would be increased by 250 basis points to 45 percent in January. CBRT increased the rate to 42.5% with a 250 basis point interest rate increase in December. What Was the Dollar’s Reaction to the Interest Rate Decision? As you may remember, in previous meetings it was stated that the low interest policy would be abandoned and interest rates would be increased. At this point, while…
The announcement of the Terra Tritium Bridge marks a significant milestone in blockchain technology. This innovative bridge aims to revolutionize interoperability, connecting tokens across various blockchains. Key to its functionality are STRIT tokens, serving as both the key and gas fee for transactions within the bridge. By enhancing interoperability, the Tritium Bridge promises to unlock new opportunities for decentralized ecosystems. Stay tuned for further updates and details on this groundbreaking development. Decentralized Connectivity: Exploring the Tritium Bridge Mechanism The Tritium Bridge is a groundbreaking solution designed to facilitate seamless connectivity between different blockchains. Its primary purpose is to bridge the…
Bitcoin price started a downside correction from the $50,400 zone. BTC tested $48,250 and is currently attempting a fresh increase above $50,000. Bitcoin price is holding gains above the $48,250 and $48,500 support levels. The price is trading above $48,850 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $48,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to move up if it clears the $50,000 resistance zone. Bitcoin Price Remains Supported Bitcoin price gained pace above the $48,800 resistance zone. BTC even…