Author: NBTC
Though it can hardly be said that Ethereum (ETH) has underperformed in the 2024 cryptocurrency bull market, ETH has – unlike many other coins and tokens, including Bitcoin (BTC) – failed to reclaim its all-time highs (ATH). Indeed, with Ethereum price today standing at $3,660.17 after a 65.58% year-to-date (YTD) rise, the cryptocurrency has seemingly found a strong resistance zone near $3,800 and has, despite multiple attempts in recent months, proven unable to maintain a valuation above it. Things may soon change, however, given that ETH is set to get an entirely new contingent of institutional and retail investors with…
Three anonymous Shiba Inu whales have amassed over 869 billion SHIB from Coinbase and Upbit in 24 hours. As investors prepare for an imminent bull run that could potentially lead to an upward trend in crypto prices, whales have shifted their attention to meme-based tokens, like Shiba Inu (SHIB). This is reflected in a recent accumulation spree indexed by top crypto data provider Arkham Intelligence. Data from the platform shows that three untagged wallets gulped over 869 billion Shiba Inu in the past day. In particular, these addresses amassed a whopping 869,458,197,872.98 (869.45 billion) SHIB in three different transactions. At…
In an interview on Monday, U.S. Representative French Hill emphasized legislative efforts to enable the private sector to lead the development of a dollar-backed payment stablecoin and predicted quicker market entry for spot Ethereum ETFs compared to Bitcoin ETFs. U.S. Representative French Hill, chair of the subcommittee on digital assets, discussed future stablecoin-related policy in the United States during a CNBC “Squawkbox” interview. “We are still working on a payments stablecoin bill that will let the private sector here lead… on a dollar-backed payment stablecoin,” Hill said. Hill mentioned that efforts are ongoing to develop the bill, which would empower…
Cryptocurrency exchange OKX has announced a new Jumpstart event for the Ultiverse (ULTI) project. Here are the details! OKX has shared the details of the new Jumpstart event for Ultiverse (ULTI). The event will begin on June 3, 2024, at 06:00 UTC. Investors holding BTC/ETH will need to stake their assets to earn ULTI tokens. To participate in the OKX Jumpstart event, you must first have an account on the OKX exchange. If you don’t have an OKX account yet, you can click here to register with a discounted commission link. To earn ULTI tokens, you need to stake BTC/ETH.…
Ethereum co-founder Vitalik Buterin has taken to the social media platform Warpcast to highlight how the crypto community is reshaping the use of certain English words and acronyms. In a recent post, Buterin noted that in the crypto space, “DAO” often means “project,” and “official” can sometimes mean “scam.” Buterin framed changing the meaning of these words as part of a broader cultural phenomenon. According to him, it is a key part of the process where different cultural spheres can use the same word in unrelated ways, citing examples from most European languages where “actual” means “current,” and “concurrency” means…
The Bitcoin halving is a critical event in the cryptocurrency market, where the rate of new BTC supply issuance is halved. This reduction is expected to increase scarcity and potentially drive up the price, particularly if demand remains constant or increases. The upcoming Bitcoin halving has sparked significant interest and speculation, with many experts predicting substantial price increases. How the Next Bitcoin Halving Will Impact Prices Historically, Bitcoin has experienced significant price hikes following halving events, though not immediately. Hannah Phung, Lead Data Analyst at SpotOnChain, told BeInCrypto that price increases tend to occur around 6 to 12 months post-halving.…
Top Analyst predicts Ethereum price to surge 92% in the next 16 days. Ethereum drops 4.45% to $3,632 post-ETF approval, similar to Bitcoin’s past pattern. If $3,700 support fails, next key zone: $3,580 to $3,462, with 3.13 million addresses. The U.S. Securities and Exchange Commission (SEC) has approved eight spot Ethereum ETFs, sparking speculation and excitement within the crypto community. Drawing parallels to Bitcoin’s past performance, a prominent crypto analyst predicts a 92% surge in Ethereum’s price over the next 16 days from its current level of $3,632. ETH Price To Surge By 92% Following the approval, Ethereum’s price has…
Russia’s two largest unsanctioned metal producers have reportedly begun using Tether’s USDT stablecoin for cross-border transactions with Chinese clients and suppliers. Russian commodities giants have reportedly started using stablecoins to settle cross-border transactions with China as the U.S. Treasury Department previously made it clear it would impose secondary sanctions on lenders facilitating sanctions evasion. As Bloomberg reports, citing top executives at two Russian metal companies, the metal producers have turned to the USDT stablecoin and in some cases settle their trades through Hong Kong. While the volume of these trades remains unclear, the sources close to the companies claim the…
Cardano stands at the precipice of a significant breakthrough with the impending Ouroboros Genesis upgrade. This marks a pivotal moment in Cardano’s journey toward achieving full peer-to-peer (P2P) node operations, a goal that has been meticulously pursued by its dedicated community and developers. Peer-to-peer (P2P) networking is critical to blockchain’s long-term decentralization, security and resilience, allowing participants to communicate, synchronize data and reach consensus. The move from the existing hybrid model to full P2P networking for Cardano has been gradual; however, the transition is already underway. In March 2023, Dynamic P2P automated the peer selection procedure. The node v.1.35.6 update…
Ramp Network, a financial technology firm that is developing payment rails to link cryptocurrency to the global financial system, has announced that it is adding support for SEPA Instant bank transfers in Europe to its crypto-to-fiat off-ramp. Ramp is also expanding the number of local currencies it accepts for Visa and Mastercard payouts, to over 35 currencies. This will let users to sell cryptocurrency and have the proceeds deposited straight to their credit and debit cards in countries that accept it. In the realm of cryptocurrency-to-fiat off-ramps, Ramp Network has been a pioneer, offering over 40 tokens and a wide…