Author: NBTC
Many might consider Solana a top functional blockchain project; however, a recent review from Edward Snowden, a former U.S. security intelligence officer turned crypto enthusiast, might change minds. Snowden believes Solana is centralized, a take he shared at the Token2049 event recently. Is Solana not so impressive? Speaking via video conference, Snowden singled out Solana as one of the most hyped protocols in the industry today. He said Solana developers took on a very good technology and decided to centralize everything. As Edward Snowden noted, the motivation for doing this is to make everything faster and cheaper. However, he said…
Now trading close to $63,000 Bitcoin is getting close to a critical level that could indicate a lower high in the current declining trend. If Bitcoin fails to break through key resistance, the formation of this lower high is frequently interpreted as an early warning sign of a possible price reversal, indicating that a significant decline may be imminent. Though there has been a recent rally, the trend is still exhibiting signs of weakness. Bitcoin is encountering multiple technical obstacles, with the $64,000 mark serving as a crucial boundary. The bearish pattern may be disproved, and further upside may be…
Filing for an XRP ETF has emerged as the SEC approaches a critical deadline to appeal the XRP ruling, but a Bloomberg analyst believes the move is a gamble on Trump’s 2024 victory. The U.S. SEC is nearing its deadline to appeal the 2023 ruling that XRP is not classified as a security when traded on secondary markets. Judge Analisa Torres delivered this ruling in July 2023, marking a significant legal victory for Ripple. It clarified XRP’s status and Ripple’s sales of XRP on the open market. XRP ETF Filings Are Like a “Cheap Call Option” on a Trump Win…
Arthur Hayes, founder and ex-CEO of BitMEX, is telling crypto projects to stop wasting their money on centralized exchange (CEX) listing fees. The idea that paying millions to get listed on major exchanges will make your token price pump is just a myth, he says. Instead, it’s the big CEXs, like Binance, who are getting richer while your token sinks. He calls the current state of the market a ‘PvP’ (player vs. player) cycle, where it’s every project for itself. Founders believe that getting listed on a CEX like Binance will skyrocket their token’s value. Hayes disagrees, saying the numbers…
The price of the chief crypto token Bitcoin has surged beyond $63,000. As per the on-chain analytics firm Lookonchain, a significant Bitcoin whale leveraged this price rise by selling up to 1,030 $BTC with a value of $64.27M, breaking even on a noteworthy former investment. This has reportedly enhanced activity within the wider crypto market. The analytics provider took to social media to offer insights into this development. The #Bitcoin price breaks through $63,000 today!A whale sold 1,030 $BTC($64.27M) to break even!This whale withdrew 5,404 $BTC($352.97M) at $65,318 from #Binance between Mar 18 and May 16, then sold 4,856 $BTC($317.87M)…
Degen rose by more than 160% in 24 hours after Coinbase announced trading support for the Base token. io.net token will also list on Coinbase, but its price fell amid a crypto downturn on geopolitical events. Degen (DEGEN) rose sharply after US-based cryptocurrency exchange Coinbase announced it had added DEGEN to its listing roadmap. Per market data on CoinGecko, DEGEN skyrocketed from lows of $0.004 to near $0.012 after the news. In terms of 24-hour gains, the meme coin’s price spiked more than 160%, pushing the Degen token’s value to levels last seen in June this year. DEGEN to list…
Bitcoin Core developers have issued a new, high severity warning about a software bug on one in every six Bitcoin nodes. On Thursday, workers at the open source Bitcoin Core Project who maintain the software running on over 98% of reachable full nodes, disclosed that there is a major security problem with the software running on 17% of the network. Specifically, all software prior to Bitcoin Core version 24.0.1 is at risk. This denial-of-service bug affects approximately 3,330 of the 19,200 self-declared user agents of reachable Bitcoin full nodes, according to surveillance estimates from Bitnodes. In pre-24.0.1 Bitcoin Core software,…
As the cryptocurrency market prepares for its next bullish cycle, there’s a rising sentiment that memecoins could lead the charge. These playful, often humor-based tokens, which historically began as jokes, have demonstrated significant volatility and massive returns during previous crypto booms. But why could they spark the next surge? Below are five reasons why memecoins might kick off the next bullish cycle. 1. Increased Retail Investor Participation Memecoins, by their very nature, attract retail investors — people who are newer to the cryptocurrency space or don’t have large sums to invest. They’re affordable, fun, and often surrounded by strong communities.…
Binance, the world’s largest cryptocurrency exchange, announced the proof-of-reserve system to regain the decreasing trust in Bitcoin exchanges after the sudden bankruptcy of FTX. In this context, Binance, which publishes reserve reports at regular intervals, has published the 23rd Report (snapshot date October 1) of its reserves. Apart from Bitcoin (BTC), the report includes USDT, Ethereum (ETH), BNB, Solana (SOL), FDUSD, XRP, USDC, TUSD, Dogecoin (DOGE), Polygon (MATIC), Polkadot (DOT), Chainlink (LINK), SHIB, Arbitrum (ARB), Litecoin (LTC), Optimisim (OP), Chilliz (CHZ), UNI, Aptos (APT), GRT, SSV, CHR, ENJ, 1INCH, CRV, WRX, MASK, HFT, BUSD and CVP and Pepecoin (PEPE) was…
It is expected that the Bitcoin market will embrace a strong bullish uptrend soon. Right now, the Bitcoin price stands at $63,455 – which is the highest the price has reached this month. Lately, the market has witnessed at least four consecutive green candlesticks, indicating that the market is aggressively moving towards a bullish phase. Now, a crypto analyst, identified as IncomeSharks on X, shares an interesting observation made using OBV about the potential BTC uptrend. Bitcoin On-Balance Volume Analysis: Vital Insights The OBV chart shared on X by IncomeSharks shows that the OBV value has broken a crucial level.…