Author: NBTC
According to a tweet from Tristan DICKINSON, Chief Marketing Officer of the EOS Network Foundation, more than 36 million EOS tokens have been staked since the updated EOS staking program launched on July 8, 2024. The graph presented along with the announcement illustrates the noticeable increase in the amount of staked EOS. For much of the year, the volume of staked EOS remained relatively stable, hovering around 60 million EOS. However, after the introduction of the new staking program, the amount increased sharply. The updated staking program offers an annual percentage yield (APY) of 50%, which is likely to contribute…
This week in prediction markets: Kamala Harris will likely pick Pennsylvania Gov. Josh Shapiro as her running mate. Harris has gained on Donald Trump on Polymarket but hasn’t closed the gap, unlike in polls. Traders are betting on the Olympic women’s boxing controversy. The Fed will cut rates fast and hard in September, say bettors U.S. Vice President and presumptive Democratic nominee Kamala Harris is expected to announce her running mate by Tuesday, and prediction markets show a clear consensus on whom she’ll pick. Josh Shapiro, the governor of Pennsylvania, has the highest probability of getting the nod, according to…
Upbit, South Korea’s largest cryptocurrency exchange, has announced the listing of a new altcoin. In a market where Bitcoin (BTC) and Ethereum (ETH) transactions often trail behind altcoin volumes, Upbit will be listing Pendle (PENDLE). According to Upbit’s official announcement on August 6, PENDLE will be available for trading as of 12:00 PM KST. Discover the latest developments in South Korea’s crypto market with the listing of Pendle on Upbit. Stay informed on altcoin trends and trading opportunities. Upbit Adds Pendle to Its Trading Platform Upbit, a prominent player in the South Korean cryptocurrency market, has expanded its portfolio by…
CryptoQuant analyst, known as Mignolet, believes that it’s time for accumulation whales to make bullish movements. Mignolet, the author of Investment Secrets of Bitcoin Whales, says the unspent transaction output (UTXO) in profit has been “breaking away from its low point.” Per the chart, the Bitcoin (BTC) UTXOs in profit is currently sitting at 80.7%. Time for the accumulation whales to respond“This is time when accumulation whales are likely to respond to market fear, indicating a potential V-shaped rebound.” – By @mignoletkr Full post 👇https://t.co/CJLU7nPN9w pic.twitter.com/HOXng629Ym — CryptoQuant.com (@cryptoquant_com) June 25, 2024 A UTXO is an amount of cryptocurrency which…
Despite a sharp 20% drop in price, U.S.-listed spot ether exchange-traded funds (ETFs) saw net inflows of nearly $49 million on Monday, indicating strong demand. Meanwhile, some pointed to the resilience of the Ethereum network in the face of the price drop, indicative of strong fundamentals. U.S.-listed spot ether (ETH) exchange-traded funds (ETFs) recorded net inflows of nearly $49 million on Monday amid a 20% drop in its price, showcasing demand for the second-largest token by market capitalization. Ether price cratered as much as 20% on Monday in its biggest one-day price fall since 2021 as prominent crypto trading firm…
The recent INATBA report underscores the widespread adoption of blockchain technology across public and private consortial projects, emphasizing initiatives like EBSI and EUBOF for upgrading Europe’s digital infrastructure. IOTA’s involvement in projects such as EBSI finalists and blockchain-backed Digital Product passports reflects its significant contributions to advancing transparency and efficiency. The International Association for Trusted Blockchain Applications (INATBA) published a recent report providing an overview of several public and private consortial projects that use, propose, or standardize blockchain technology across various sectors. The IOTA Foundation is also part of the INATBA thereby contributing to several important initiatives. The report from…
Robinhood temporarily suspended its 24-hour trading service through Blue Ocean ATS from midnight to 8:00 AM UTC on August 6th. The halt in trading occurred during a significant global market downturn, specifically aligning with the largest drop in Japan’s Nikkei since 1987. Disgruntled investors voiced concerns on social media, urging U.S. regulators to examine the legality of Robinhood’s overnight trading suspensions. On August 5, Robinhood announced an unexpected halt to its 24-hour trading service via its Blue Ocean ATS (BOATs), effective from 12:00 am to 8:00 am UTC on August 6. The interruption impacted Robinhood users, preventing them from trading…
A closely followed crypto analyst says one Bitcoin (BTC) indicator is flashing green despite the Monday correction below $60,000. Pseudonymous analyst TechDev tells his 460,100 followers on the social media platform X that a key indicator is suggesting Bitcoin may soon go parabolic. “There’s only one other time in Bitcoin history when the two-week Gaussian channel flipped green. Price consolidating at the prior high marked the halfway point of a parabolic move few saw coming.” Source: TechDev/X Gaussian channels are momentum indicators that can be used to identify price tops and bottoms. Looking at his two-week chart, the analyst suggests…
TRON founder Justin Sun has reportedly made a significant move with Ethereum (ETH). It comes at a crucial time as the broader cryptocurrency market is struggling after the recent crypto crash. Ethereum, like other digital currencies, is trying to initiate a rebound and recover its recent losses. As per Spot On Chain, Sun has withdrawn 14,884 ETH from crypto exchange Binance earlier today. This transaction is estimated to be worth around $35.97 million, as per the current ETH price. This is a major Ethereum purchase from the TRON founder as his support will likely inject bullish sentiment in the market.…
Polymarket’s popularity raises fears of corruption and undue election influence. Lawmakers urge CFTC to ban election betting, citing democracy trust concerns. Senators stress elections shouldn’t be influenced by wealthy individuals’ bets. Polymarket, a predictions market operating on the Polygon blockchain, has come under scrutiny as US lawmakers intensify efforts to ban gambling on American elections. Spearheaded by Oregon Senator Jeff Merkley, a group of legislators is urging the Commodity Futures Trading Commission (CFTC) to finalize and implement a proposed rule that would prohibit betting on American election outcomes. The lawmakers argue that such markets could erode public trust in democracy,…