Author: NBTC

On August 12, 2024, ethereum (ETH) was priced at $2,683, fluctuating within a 24-hour range of $2,523 to $2,720. With a market capitalization of $321 billion and a trading volume of $17.58 billion, ether continues to exhibit significant market activity. However, technical indicators suggest ongoing challenges in breaking through key resistance levels, hinting at a bearish trend across various timeframes. Ethereum The 1-hour chart highlights ethereum’s recent recovery from $2,508.6 to $2,720, accompanied by increasing volume, indicating some short-term bullish momentum. Despite this, the price is struggling to maintain levels above $2,700, signaling potential difficulties ahead. Should ethereum fail to…

The upcoming Aptos token unlock event threatens to pull APT price down further cutting short its recent recovery attempt. At press time, Aptos (APT) was trading at $6.21, down 65.51% from it’s a high of $18.14 reached in March this year. Prior to the recent decline, APT’s price had skyrocketed in the first few months of 2024 buoyed by NFTs and real-world asset (RWA) integrations. Next APT token unlock event scheduled for July 12 On July 12, 2024, Aptos is set to release $69.44 million worth of APT tokens, representing approximately 2.49% of its total APT token supply. A total…

Binance has announced that it will be delisting a large number of tokens and halting all spot trading pairs for these tokens at 06:00 UTC on August 26, 2024. Binance to Delisting Multiple Tokens and Halting Trading Starting August 26, 2024 The affected tokens include PowerPool (CVP), Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF), and VGX Token (VGX). The decision to delist these tokens follows Binance’s periodic review process, which evaluates factors such as the commitment of the project team, development activity, trading volume, liquidity, network stability, and responsiveness to due diligence requests. Additionally, the token’s contribution to…

Bitcoin’s price plunged close to $64,000 on Friday, hitting a low of $64,300, according to data from TradingView. The drop comes amid major withdrawals from US spot Bitcoin ETFs, totaling $139.88 million on Thursday. Grayscale Bitcoin Trust (GBTC) saw $53 million in its daily net outflows, while Fidelity Wise Origin Bitcoin Fund (FBTC) recorded $51 million in outflows, according to SoSoValue’s data. Bitwise Bitcoin ETF experienced $32 million in outflows, while VanEck Bitcoin Trust and Invesco Galaxy Bitcoin ETF saw outflows of $4 million and $2 million, respectively. In contrast, BlackRock’s iShares Bitcoin Trust enjoyed $1.5 million in inflows. There…

Ethereum’s blockchain is changing asset trading by allowing for real-time asset tokenization around the clock. Major financial firms, including as BlackRock, have chosen Ethereum for their tokenization projects. By emulating real-world assets, Ethereum connects mainstream and independent finance. Ethereum is emerging as the premier platform for Real-World Asset (RWA) monuments, a process that converts real and intangible resources into digital tokens on the blockchain. Major financial firms, like BlackRock, are now using crypto for monumental initiatives. This shift toward RWA is set to change financial markets by enabling continuous trading, improving liquidity, and expanding access to high-value assets. What is…

ALEX, the native token of Bitcoin layer-2 (L2) bridge ALEX Lab, emerges as the top gainer among the largest 500 crypto assets over the past 24 hours. This remarkable uptrend comes on the back of the broader recovery campaign engineered by Bitcoin (BTC) and the altcoin market. Despite the sustained selloffs from the German government, BTC rebounded on July 9, coinciding with a similar increase in ALEX’s price. ALEX price – July 11 | Source: CoinMarketCap However, while the flagship crypto asset witnessed a correction on July 10, ALEX maintained its bullish trajectory. The token spiked 21.72% yesterday, further building…

Global payment company plans to expand its services in Latin America with the latest license application in Brazil. This month, the company applied for a Payment Institution License in Brazil, seeking to offer localized payment services and enhance its real-time payment capabilities through Pix. Additionally, the company is seeking FX authorization to boost its foreign exchange services, according to a statement released (today). These licenses are expected to boost client confidence in Nium’s risk management and compliance standards, ensuring secure transactions. Speaking about the expansion strategy, Prajit Nanu, the Founder and CEO of Nium, said: “Latin America is a key…

A recent report by crypto ranking platform CoinGecko reveals the progress of Ethereum (ETH) burns since the start of 2024. According to the report, the Ethereum network has burned 465,657 ETH since the beginning of the year, as of Aug. 5. Since EIP-1559 was implemented in June 2021, 4.36 million ETH have been burned. While March 2024 had the largest monthly burn for 2024 at 147,620 ETH, it was still lower than the all-time high of 398,061 ETH burned in January 2022. How much Ethereum has been burned in 2024? 🔥As of August 5, 2024, the #Ethereum network has burned…

As the SHIB community eagerly awaits the launch of the TREAT token, Shiba Inu team member Lucie has issued an important message. Lucie wrote in a tweet: “Good TREAT takes time. Not launched yet, but stay focused. Good SHIB, along with BONE and Leash, deserves genuine treatment. Stay safe.” Lucie, in her tweet, encouraged patience in the wait for the much-anticipated TREAT token. While there has been a lot of buzz about TREAT’s impending launch, Lucie reminded the Shiba Inu community that a quality product takes time. Good $TREAT takes time. (Not launched yet, but STAY FOCUSED.)Good $SHIB, along with…

Coinbase responded to the CFTC’s proposed rules regarding prediction markets, taking aim at how the CFTC proposes to define ‘gaming’. Coinbase would like the CFTC to regulate prediction markets on a contract-by-contract basis instead of using broad categories or definitions. Proposed rules by the Commodities Futures Trading Commission (CFTC) regarding prediction markets should be withdrawn because they exceed the Commission’s statutory authority and ignore the positive impact of prediction markets on the economy, Nasdaq-listed crypto exchange Coinbase wrote Thursday in a letter to Commissioners. “We firmly believe that this all-or-nothing approach to the treatment of event contracts is not consistent…