Author: NBTC

Space ID, the name service network for blockchains, has partnered with the Web 3.0 cloud computing platform, 4EVERLAND. The goal is to integrate BNB Greenfield, the decentralized and blockchain storage solution platform, into space ID. With this integration, all the domains registered through Space ID will have access to improved decentralized data storage and management. Major upgrade for https://t.co/kIWLkGgJlH! 🚨We’ve partnered with @4everland_org to integrate BNB Greenfield @BNBCHAIN for decentralized data storage/management.⚒️Go create your custom website with your .bnb domain at https://t.co/kIWLkGgJlH! ✅Check out ours:… pic.twitter.com/2B1d8NGyvh — SPACE ID (@SpaceIDProtocol) August 15, 2024 Space ID (ID) is a name service…

With Bitcoin (BTC) plunging below the $66,000 mark, analysts indicate that the maiden digital asset will likely see extended losses in the coming days. Particularly, crypto trading expert TradingShot, through a TradingView post on June 17, noted that investors should watch how Bitcoin interacts with the 50-day moving average (1D MA50) at around $66,100, which previously served as support. As per the analysis, Bitcoin’s failure to reclaim the 1D MA50 as support should cause investors to prepare for a potential drop to around $61,000, marking the upper boundary of the support zone. Further weakness below $61,000 could signal a deeper…

Latest data from crypto asset manager CoinShares has shown a noticeable comeback in the crypto market. In its latest ‘digital asset fund flows weekly report,’ the asset manager revealed that last week marked a significant uptick in investor confidence, as digital asset investment products saw $176 million in inflows. According to James Butterfill, head of research at CoinShares, this surge in inflow signals a strong, “unanimous” positive sentiment across the board, with particular attention to Ethereum-based funds. Dissecting The Crypto Fund Flows Delving into the report, Butterfill revealed that Ethereum products have “distinctly” stood out, attracting $155 million of the…

A cryptocurrency short-seller has made nearly $300,000 in profit with a trade that lasted less than one month. The crypto trader opened this short position using an advanced decentralized finance (DeFi) strategy of borrowing, selling, buying, and repaying. The address ‘0x1772dbc5529151c8190404b4d2c25f9f5d5eb3ef’ used Aave (AAVE) to carry on a trade against MakerDAO (MKR) from July 19 to August 13. According to a post by Lookonchain on X, the short-selling operation rendered $292,400 profit in Circle’s USD stablecoin (USDC). As reported, the trader borrowed 500 MKR and sold it for $1.37 million USDC at $2,740 per token. Then, closing the short by…

Following the conclusion of the IVS Crypto event in Kyoto, Shiba Inu’s lead developer, Shytoshi Kusama, flags off a global tour, revealing the cryptocurrency’s forward marching orders. According to Kusama, the Shiba Inu ecosystem team will embark on a global tour to physically engage SHIB enthusiasts and other ‘crypto curious.’ @Shibtoken @treatsforShib @kaaldhairya A quick recap and forward marching orders. #India #Kyoto #IVS pic.twitter.com/Ba6bpOzKMi — Shytoshi Kusama™ (@ShytoshiKusama) July 9, 2024 Shiba Inu Global Tour Dubbed the “Treat Yourself” tour, the exercise will see Kusama and other Shiba Inu ecosystem members travel to different countries to speak with members of…

Band Protocol is now live on the Cronos zkEVM mainnet, marking a major advancement for both projects. This launch follows a successful testnet phase that showcased Band Protocol’s capabilities and readiness for mainnet deployment. Band Protocol announced this news today via announcements on its official blog and X account. 🎉 Huge congrats to @cronos_chain on the zkEVM mainnet launch! 🚀🤝 We’re thrilled to announce that Band Protocol is live on the mainnet after a stellar testnet run.🎉 Together, we’re not just connecting the blockchain universe—we’re making it more efficient. 🤝✨.… pic.twitter.com/i4lOgdpPbA — Band Protocol (@BandProtocol) August 15, 2024 Band Protocol…

Ethereum price started a steady increase above the $2,550 resistance. ETH is beating Bitcoin and might even clear the $2,750 resistance zone. Ethereum started a fresh increase above the $2,550 and $2,650 levels. The price is trading above $2,650 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,695 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend gains if it clears the $2,750 resistance zone. Ethereum Price Jumps Over 8% Ethereum price remained stable near the $2,520 support zone. ETH formed a base and started a…

Goldman Sachs is expanding its exposure to digital assets, managing $419 million in a Bitcoin ETF, according to a recent SEC filing. The investment demonstrates the company’s strategy to provide clients with exposure to the growing cryptocurrency market through various ETF holdings. The bank’s SEC filing highlights its strong portfolio in several Bitcoin ETFs. The company’s largest Bitcoin ETF holding is the iShares BTC Trust, which has $238.6 million invested in 6,991,248 shares. This large investment shows the bank’s confidence in the fund. Along with this, Sachs also invested $79.5 million in the Fidelity Bitcoin ETF, purchasing 1,516,302 shares. The…

Ripple attracted attention in the crypto scene early today, dispatching massive XRP tokens to an anonymous destination amid the approaching SEC settlement. Community surveillance service Whale Alert first drew public attention to Ripple’s transaction. The post revealed that Ripple transferred 150 million XRP, valued at approximately $64.29 million, to wallet “rP4X2hTa7A.” 🚨 🚨 🚨 150,000,000 #XRP (64,287,206 USD) transferred from #Ripple to unknown wallethttps://t.co/nt65t65klk — Whale Alert (@whale_alert) July 9, 2024 Blockchain record shows that the recipient’s wallet unloaded 50 million XRP tokens within three minutes of the inflow to another nameless address. Is the 150M XRP Linked to the…

21Shares US LLC today announced Federico Brokate as the new VP, Head of US Business. According to Bloomberg ETF analyst Eric Balchunas, Brokate was instrumental in bringing BlackRock’s crypto ETFs IBIT and ETHA to market. “Big-time hire by 21Shares, byproduct of their recent growth,” added Balchunas. According to the announcement, Brokate’s appointment aligns with 21Shares’ US growth, now boasting six crypto-asset ETFs, $3.2 billion in assets, and nearly 50 employees. Ophelia Snyder, Co-Founder and President of 21Shares, expressed excitement about the company’s US trajectory and Brokate’s anticipated contribution. “Federico brings to 21Shares years of ETF industry experience across strategy, distribution,…