Author: NBTC
A closely followed crypto analyst thinks it’s almost time for altcoins to witness the steepest leg of the bull market. Pseudonymous analyst TechDev tells his 460,100 followers on the social media platform X that the Bitcoin dominance (BTC.D) chart is flashing a massive bearish reversal signal. The BTC.D index tracks how much of the total crypto market cap belongs to Bitcoin. A bearish BTC.D chart suggests that altcoins are about to outperform Bitcoin. According to TechDev, BTC.D is showing a bearish divergence on the five-day chart, indicating that Bitcoin is losing momentum against altcoins. “The building five-day bearish divergence on…
Polkadot has welcomed the launch of DeFi’s lending parachain, Kylix Finance, which offers On-chain collateral liquidation, DAO governance, and cross-chain capabilities. Kylix Finance is still in its initial stages, with plans for full deployment in the first half of 2025. Confirming its launch, Polkadot has announced the launch of Kylix Finance, its DeFi lending parachain with DAO governance, collateral liquidation, and cross-chain capabilities. Led by professionals with experience in fintech and DeFi, the platform aims to be the next-generation lending platform on Polkadot. Setting it apart, Kylix offers an on-chain collateral liquidation platform, cross-chain capabilities, DAO-driven governance, and more. Polkadot…
The Bank of Japan (BOJ) has refrained from raising interest rates while global financial markets remain unstable, according to Deputy Governor, Shinichi Uchida. The recent turmoil in global markets was significantly affected by concerns of the BOJ’ raising rates, causing a downturn in the crypto market as well. Adding to the geopolitical intrigue, Arthur Hayes, co-founder of crypto trading platform BitMEX, weighed in on the situation, linking Uchida’s decision to the upcoming United States elections. In a post on social media platform X (previously known as Twitter), Hayes alleged that the U.S. Treasury Secretary Janet Louise Yellen gave a “terse…
XRP rose 10% in 24 hours, becoming the top-performing altcoin by market cap. Legal anticipation regarding SEC’s decision fuels XRP’s price increase. XRP’s utility in cross-border payments drives demand and investor confidence. XRP’s value rose by 10% in the last 24 hours and is now the best-performing altcoin in the top 100 coins by market capitalization. The price of XRP has risen by 18% in the last week, from $0.42 to more than $0.50 hence raising its market capitalization to more than $28 billion. 🚨 $XRP IS UP 10% IN 24 HOURS !! 👀📈 pic.twitter.com/y7bGfbEKzU — Good Morning Crypto (@AbsGMCrypto)…
The U.S. Securities and Exchange Commission (SEC) has chimed into the final judgment in the Ripple case, emphasizing that the court recognized the “egregiousness” of Ripple’s conduct, the agency told Fox Business reporter Eleanor Terrett. District Judge Analisa Torres ruled that Ripple had committed serious securities law violations and ordered the company to pay a $125 million fine. While the SEC sought a much larger penalty of $2 billion, the final amount was significantly reduced. But the story doesn’t end there. Ripple might be celebrating the partial win SEC may open its cards later. What it could be let’s uncover.…
The July 2024 edition of CCData’s Exchange Review report reveals several significant trends in the digital asset market. CCData, an FCA-authorized benchmark administrator, is a global leader in digital asset data. It offers high-quality real-time and historical data for institutional and retail investors. Known for its expertise and objective insights into the digital asset industry, CCData publishes the Exchange Review monthly. This report captures key developments in the cryptocurrency exchange market, including analyses of exchange volumes, crypto derivatives trading, market segmentation by fee models, and crypto-to-crypto versus fiat-to-crypto volumes. It also examines Bitcoin trading against various fiat currencies and stablecoins,…
Chainlink (LINK) Data Streams are integrated by Ostium on Arbitrum for their reliable and consistent crypto feeds. Ostium’s co-founder discloses that this integration underscores its effort to improve users’ experience by making it more transparent, secure, and efficient. Ostium has announced that it will integrate Chainlink Data Streams as its preferred low-latency Oracle solution for crypto feeds on Arbitrum. .@OstiumLabs has integrated #Chainlink Data Streams on @arbitrum. How Data Streams’ high-throughput market data helps level up Ostium’s decentralized perpetual exchange ⬇️https://t.co/DhgedyBfuX pic.twitter.com/CPnmOwmm5E— Chainlink (@chainlink) August 5, 2024 According to the announcement published on Ostium’s official blog, Chainlink Data Streams was…
Bitcoin’s price action on June 24, 2024, indicates a clear bearish trend. Hovering around $61,171, bitcoin has fluctuated between $60,580 and $64,384 in the past 24 hours. BTC’s market cap is $1.21 trillion, with a trading volume of $19.12 billion, reflecting significant market activity despite the decline. The decline on Monday aligned with recent news from Mt Gox, where the trustee announced that bitcoin payments to creditors will commence in July. Bitcoin Bitcoin’s 1-hour chart reveals a sharp decline from approximately $64,490 to the intraday low of $60,580. This movement was accompanied by a significant spike in volume, highlighting strong…
Animoca Brands launched its own token, MOCA Coin, on Thursday. The launch turns heads, given the rarity of public companies in crypto making such a move. The GameFi and metaverse giant is planning to go public in early 2025 in Hong Kong or the Middle East. The two regions are famous for their favorable stance towards cryptocurrency. MOCA Coin Soars to $141 Million Market Cap Following its launch, MOCA Coin skyrocketed by over 90%, with CoinGecko data showing a market capitalization above $141 million. Serving as a utility token in Animoca’s ecosystem of Web3 games and applications, it will help…
Stuart Alderoty states Ripple’s $125M fine follows a court ruling that rejected the SEC’s claim that XRP is a security. Stuart Alderoty says, Ripple respects the court’s ruling on historical sales and will pay the $125M fine, using cash from its balance sheet. Judge Torres’ ruling clarified that XRP itself is not a security, a major win for Ripple and the broader cryptocurrency industry. Ripple’s long-standing legal battle with the U.S. Securities and Exchange Commission (SEC) came to an end on Thursday 8th Aug 2024. According to Ripple’s lawyer Sturt Alderoty, Ripple is ready to pay a $125 million fine…