Author: NBTC

After experiencing the worst crash in 2024 during the past 48 hours, the crypto market – led by Bitcoin (BTC) and Ethereum (ETH) rebounded significantly today. According to the latest crypto data, the total crypto market cap rallied around 5 percent to regain above $2 trillion on Tuesday during the early Asian session. Ethereum price rebounded from a crucial support level of around $2,171 and rallied more than 10 percent to reach a daily high of about $2,547. Following the heightened crypto volatility, approximately $633 million had been liquidated from the industry in the past 24 hours. Ethereum Whales Seizes…

Ripple’s past collaboration with Tranglo has sparked heated debate about XRP’s role in cross-border transactions. However, in a shocking move, Ripple has reportedly sold its 40% stake in Tranglo, a Malaysian payments company that used XRP to streamline cross-border transactions. This news, first reported by Crypto Eri on X, caused widespread controversy in the XRP community. Crypto Eri has noticed that the Ripple investment portfolio on Crunchbase now shows exits from both Bitstamp and Tranglo. While Ripple’s exit from Bitstamp is related to Robinhood’s acquisition of the exchange, the reason for Tranglo’s exit remains unclear. Tranglo has been a key…

A deluge of crypto-industry money may have helped achieve a very narrow Arizona congressional primary win this week for Yassamin Ansari, a crypto-cheering Phoenix City Council member who faced a candidate backed by Sen. Elizabeth Warren (D-Mass.) But the race between Democrats Ansari and Raquel Terán, who’d been endorsed by leading crypto critic Warren, has come down to a 67-vote gap almost a week after that state’s elections, and Ansari’s lead has narrowed each time a new batch was tallied. Wider Maricopa County, which includes the 3rd district, still has an estimated 2,089 ballots to count, according to the secretary…

As it is known, at the beginning of July in Turkey, the “Law on Amendments to the Capital Market Law” No. 518, publicly known as the “cryptocurrency law”, came into force by being published in the Official Gazette on 02.07.2024. Within the scope of this law, cryptocurrency service providers operating or will operate in Turkey were placed under the regulatory and supervision authority of the Capital Markets Board (CMB). While the transition period and the period granted to cryptocurrency exchanges ended on August 2, the CMB published the temporary list of institutions that declared that they would liquidate their activities…

Bitcoin payments app Strike is now available to customers in the U.K. U.K. roll-out follows the launch of the app in Europe and Africa earlier in the year. Strike, the payments application that uses the Bitcoin blockchain, has started U.K. operations, the company said in a blog post on Tuesday, expanding its global reach just months after rolling out in Europe and Africa. Customers in the U.K. can now buy, sell and withdraw funds using the Strike app, the company said. Users can send and receive bitcoin (BTC) or sterling. The payments firm has been expanding aggressively and now operates…

Ethereum recovers to $2,500 after dropping to $2,100, with $2,750 as the next resistance level. Justin Sun, founder of TRON, reportedly bought 16,236 ETH using 37 million USDT. Following a sharp dip to the $2,100 zone on Monday, Ethereum (ETH) has climbed back to test the $2,500 barrier. This recovery raises questions about the Ethereum market trend, with a target at the $2,750 level before possibly resuming a bearish trend. On Monday, ETH’s price plummeted more than 23% but has since rebounded, currently testing a $2,500 zone and potentially resuming its bearish trend. Still, the technical indicator suggests a loss…

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…