Author: NBTC

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 As per Spot On Chain, Sun has withdrawn 14,884 ETH from crypto exchange Binance earlier today.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,…

Valour plans to bring its crypto exchange-traded products to more investors in Africa, in response to a major agreement with the Nairobi Securities Exchange. Initial support will be for crypto ETPs for Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Hedera (HBAR)., Valour noted in a press release on Aug. 6 Valour, a subsidiary of financial technology firm DeFi Technologies, revealed that these plans follow a Memorandum of Understanding with the NSE. The firm is also partnering with liquidity and capital solutions provider SovFi. Per the ETP issuer, NSE and SovFi will help in the creation, issuance, and trading of Valour…

Crypto Fear and Greed Index is currently in the “fear” zone with a score of 30. This is the lowest sentiment measure for Bitcoin (BTC) in nearly 18 months. The Crypto Fear and Greed Index, a measure of market sentiment for Bitcoin (BTC) and the broader crypto market, has dropped to 30, the lowest score it has reached in over one and half years. While BTC has traded lower during the current market cycle and the Crypto Fear & Greed Index has fallen into the “fear” zone, this is the first time it has done so since January last year.…

The Sandbox is giving away monthly rewards to holders of a specific set of eligible NFT avatars based on last month’s snapshot. These rewards can be claimed until 31st August. Earlier on 26th July, The Sandbox took a snapshot of wallets holding eligible NFT avatars. Avatar owners can now start claiming the rewards until 31st August. 📣 ATTENTION, AVATAR OWNERS 🦆 This August, we’re making a splash with limited-edition Rubber Duck Buoy NFTs! 🛟 Celebrate summer fun with this quack-tastic collection inspired by The Sandbox lore.Claim your reward now until August 31st! https://t.co/0xQUFSRQic pic.twitter.com/qjFciRGtzW — The Sandbox (@TheSandboxGame) August 2,…

Ethereum price plunged to $2,127 on Aug 5, down by a staggering 61% within the 7-day timeframe, markets data suggests that a sell-off from Ethereum ETFs and major crypto trading firm had accelerate the ETH downswing. Ethereum Price Sees New 2024 Low as JumpTrading Sells $277M ETH On Monday, Aug 5, 2024, the cryptocurrency markets experienced a historic downturn attributed to several bearish catalysts. The downtrend first began around August 2, when the US Bureau of Labor Statistics first published data on US Non-Farm Payroll (NFP) for July 2024. Based on that report, the US recorded a 114,000 surge in…

Revolut, a global fintech company with 45 million customers, has launched an educational initiative for the cryptocurrency Floki. This new ‘Learn’ course aims to enhance understanding and adoption of Floki among Revolut’s extensive user base. Revolut Launches Floki Learn CourseRevolut has just launched an exclusive #Floki Learn course!Users of @RevolutApp, the biggest fintech and retail trading app in Europe with over 45 million customers, now have the opportunity to explore the thriving $FLOKI ecosystem and its… pic.twitter.com/mWUNe6KXA5 — FLOKI (@RealFlokiInu) July 15, 2024 The course, part of Revolut’s broader educational platform, introduces users to Floki’s “Vikings,” a dedicated community working…

Turkey’s Capital Markets Board (SPK) has recently finalized the application process for cryptocurrency asset service providers. The publication of the initial list marks a significant step towards regulating the Bitcoin and altcoin sector in Turkey. According to the released data, 47 companies submitted operational applications, whereas 3 companies requested liquidation. An in-depth analysis of Turkey’s SPK lists reveals the future of the country’s cryptocurrency sector. Regulatory Milestone: 47 Companies Apply for Operational Licenses The SPK’s initiative to regulate the cryptocurrency market saw 47 companies submitting their applications for operational licenses. Among these firms, QNB Digital Assets stands out as one…

Binance, crypto’s largest centralized exchange, saw $1.2 billion in net inflows as digital asset investors capitalized on a massive market drop caused by an unwinding yen carry trade. Bitcoin’s (BTC) rebound and a bounce in the broader cryptocurrency market spiked trading activity on CEX platforms like Binance in the last 24 hours. Binance CEO Richard Teng, citing DefiLlama data, said the crypto exchange recorded its highest single-day trading volume since the beginning of the year. Amid the macroeconomic climate and yesterday’s market downturn, #Binance recorded a net inflow of US$1.2 billion in the past 24 hours, according to @DefiLlama’s CEX…

Bitcoin’s plunge toward $57,000 was the last thing expected after the catastrophic drop below $65,000. However, it has become a reality, and the market will have to act one way or another. Here are three potential outcomes if Bitcoin breaks below the crucial $57,000 level. 200 EMA being invalidated as support The 200 EMA will no longer be valid as a support level if Bitcoin falls below $57,000. The 200 EMA has acted as a key technical indicator to evaluate the general trend. If Bitcoin were to lose this support, it would enter bearish territory and might even worsen the…