Author: NBTC
Ethereum, the world’s second-biggest cryptocurrency has been consolidating in a tight range following the breaking of a bearish rising wedge price action pattern on a daily time frame. During this ongoing consolidation, a crypto whale Metalpha (Gnosis Safe Proxy address) has transferred a significant ETH to Binance. Ether Whale offloads $26 million of ETH According to the on-chain security firm Arkham, Metalpha recently transferred a substantial 10,000 ETH worth $26 million to the Binance cryptocurrency exchange. This massive token transfer has gained massive attention from crypto enthusiasts and may create selling pressure. Despite a notable token dump, the Ether whale…
Bitrue’s support and innovation drive XRP’s growth and utility. Ripple’s SEC victory marks a turning point for the crypto ecosystem. Ripple and prominent cryptocurrency exchange Bitrue have created a new promotional video demonstrating Bitrue’s consistent support for the XRPL community. The video, which was shot at Paris Blockchain Week in April 2024, explores Bitrue’s role in the XRP ecosystem since its beginnings in 2018. In the video, Shruti Kohli, Bitrue’s Global Head of Business Development, discusses the company’s future ambitions for the coin. Bitrue has been a strong supporter of XRP from its inception in 2018. The exchange has consistently…
Craig Wright has filed a request to launch an appeal with the UK courts according to the legal counsel of the Cryptocurrency Open Patent Alliance (COPA). Law firm Bird & Bird, representing COPA, confirmed to Protos that Wright filed the appeal request and said it would respond in due course. The firm added that it’s “confident that there is no proper basis for the appeal.” The UK Court of Appeal also confirmed that the appeal was issued on August 14. According to the UK’s Courts and Tribunal Service, a request for appeal may not be accepted on the basis that…
Babylon, a leading non-custodial platform, has announced several key initiatives and strategic alliances aimed at unlocking the full potential of Bitcoin (BTC). These developments include making BTC liquidity more accessible and enhancing both yield and security. On May 28, Babylon successfully launched the Babylon Bitcoin Staking Testnet-4, designed to stress-test the security of staked Signet Bitcoin by evaluating user interactions with the Signet BTC test network. The initial cap was reached in less than 20 minutes, underscoring the high interest and participation. More than 70 finality providers have been onboarded to fortify the system and ensure steadfast support from the…
The cryptocurrency market for Real World Assets (RWA) has seen remarkable growth and instability in recent months. This sector, which involves tokenizing physical assets through Blockchain technology, had a market value that approached $9 billion earlier this year but recently dropped to around $6 billion due to a widespread market correction. Several cryptocurrencies have distinguished themselves with strong performances and promising growth prospects. What Makes Ondo Finance Stand Out? Ondo Finance (ONDO) currently holds the largest market share in the RWA sector, with a market value near $1.4 billion and a trading price around $1. Launched in January 2024, Ondo…
VanEck, an asset management firm, predicts that Bitcoin miners could unlock up to $38 billion in revenue by shifting 20% of their operations to artificial intelligence (AI) and high-performance computing (HPC). The firm believes miners can leverage their advanced hardware and cooling systems to address the growing demand for AI data centers. How AI Pivot Will Benefit Bitcoin Miners With their expansive data centers and significant power resources across the US, Bitcoin mining companies are well-positioned for compute-intensive AI tasks. This infrastructure is critical for AI operations, making their facilities highly sought after by companies in the AI industry. VanEck…
So, unsurprisingly, the actions and strategies of the biggest Bitcoin holders in the space, often referred to as “whales,” remain a major draw. Recent analysis by blockchain data provider, Santiment, has revealed that wallets containing between 10 and 100 Bitcoin have been increasing since March 2019, following more than variation 12 months of accumulation. And this resurgence could be significant not just because of its timing but also because of what it may mean for the market. In the report by Santiment, the platform emphasized that these whales have been largely consistent with their investment strategy carried out in 2020.…
DojoSwap DEX AAM has officially announced the launch of the DojoSwap Ecosystem Recovery Fund (DERF). It is a proactive measure designed to strengthen the ecosystem amid market fluctuations. The fund aims to provide a safety net during volatile times, including launchpad activities, sudden downturns, and unexpected market events. The platform announced this initiative via official X and Medium accounts. Announcing the DojoSwap Ecosystem Recovery Fund (DERF), a proactive initiative designed to fortify the ecosystem against market volatility.https://t.co/JUT8Q28eEX — DojoSwap | 1st AMM Dex on #INJ (@Dojo_Swap) July 7, 2024 DojoSwap Ensures Resilience During Volatile Times with DERF The primary objective…
The big news from the Crypto4Harris town hall Wednesday night is that Senate Majority Leader Chuck Schumer is going to try to pass a crypto bill through the upper chamber by the end of the year. “Congress has a responsibility to provide common sense and sound regulation on crypto, and we need your support to make sure that any proposal is bipartisan,” he told the online group, which was assembled to prove that Democrats are “engaged” on crypto issues this election year. Of course, the background here is that Democrats… haven’t exactly been engaged on crypto for a long time.…
Analyst Josh of Crypto World said that Bitcoin is presently retesting a critical support area and showing a short-term bullish divergence. This suggests more liquidations might occur soon, according to him. The analyst discussed the current state of Bitcoin, bringing to attention several key technical indicators and potential market movements. After a meteoric rise, Bitcoin is currently struggling to rise above the $70k levels. Focusing on the 4-day Bitcoin chart, he said that the Bollinger Bands are tightening, indicating a move is likely in the coming weeks. This move could be substantial, potentially between 20% and 30%. The Bollinger Band…