Author: NBTC
The crypto market Fear and Greed Index now sits at a neutral value of 51, signaling that the market could swing either way in the near future. Investors may need to prepare for increased volatility, which could be either bearish or bullish. This Index, a key tool developed by Alternative.me, helps analysts gauge overall market sentiment. When the sentiment turns neutral, the chances of an uptrend or a downtrend are roughly equal, suggesting that buying and selling pressures are balanced. The Index ranges from 0 to 100, with 0 representing extreme fear and 100 indicating extreme greed in the digital…
An unknown on-chain anomaly has hit Shibarium, a layer-2 blockchain rollup designed for the ecosystem around the popular meme-inspired Shiba Inu (SHIB) cryptocurrency. According to data from Shibariumscan, the average price of gas on Shibarium skyrocketed over 2,777% in the last 24 hours. The metric, which tracks the average price (gwei) per unit of gas spent on a transaction on the Shibarium network, shows that this number has skyrocketed to 275.5 gwei, even though it was only worth 9.94 gwei the day before. The spike in transaction numbers may be related to an increase in network activity. However, this is…
In a recent interview, Former U.S. First Lady Melania Trump has revealed her ambitious plans to expand her Web3 venture aimed to support needy children. This initiative, which combines technology and philanthropy, seeks to harness the potential of blockchain and decentralized platforms to improve the lives of children in the foster care system. The former first lady elaborated that if she were to return to the White House, she would not only expand her platform but also hire more staff to enhance its capabilities. She noted that she has embarked on several projects since she left the statehouse over three…
Sudeng, a recently launched meme coin on the Sui Blockchain, rose by over 30% as cryptocurrencies recovered. Sudeng (HIPPO) rose to a record high of $0.0143 on Oct. 3, a 180% increase from its lowest level this week. This rally happened as demand for Sui (SUI) meme coins jumped, with their total market cap rising to $234 million. Blub, the second-biggest meme coin in the ecosystem after Sudeng, rose by 10% in the last seven days. Fud the Pug (FUD) and aaa Cat jumped by over 107% and 665% in the same period. Sudeng’s rally happened as the Sui Blockchain…
The crypto gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase a few…
In a significant revelation, historical trends suggest that Bitcoin might be on the verge of another major rally, reminiscent of its past Q4 surges. In a tweet, Ali Martinez, a crypto analyst, pointed out that Bitcoin gained 61% in Q4 of 2016 and 171% in 2020. #Bitcoin gained +61% in Q4 of 2016 and +171% in 2020. Interestingly, 2024’s price action so far mirrors both years—could history be repeating itself? pic.twitter.com/M6KxT0unE0 — Ali (@ali_charts) September 23, 2024 Ali pointed out that 2024’s price trajectory appears to mirror the patterns from both years, asking if history could be repeating itself. If…
The ongoing debate surrounding privacy within cryptocurrency networks is intensifying. Recent developments emphasize the challenges of maintaining privacy and the impact on the fungibility of digital currencies. “Because of the history attached to every Bitcoin that is spent, each Bitcoin is not equal to another Bitcoin,” says Charlie Lee, founder of Litecoin. Explore the complexities of cryptocurrency privacy as industry leaders shed light on the implications of transparency and fungibility on digital assets. Exploring the Impact of Transaction Histories on Cryptocurrency Fungibility During the recent Proof of Work Summit in Frankfurt, Germany, industry pioneer Charlie Lee discussed the intricacies of…
Arris has partnered with BitRivals to enhance game analytics and rewards in the gaming industry. This collaboration aims to improve the integration of artificial intelligence and blockchain technology, offering advanced tools for players and developers. The partnership focuses on optimizing experiences in traditional and Web3 gaming environments. Arris and BitRivals revealed this strategic partnership through their respective X accounts. 🚀Excited to announce our partnership with @BitRivals!Bit Rivals is revolutionizing the gaming industry with its AI-powered, cross-chain game analytics and rewards platform. As the first to integrate AAA titles and indie releases alongside Web3 games, Bit Rivals seamlessly… pic.twitter.com/FvgDqCfFsB — Arris…
Centralized cryptocurrency exchanges (CEX) continue to play a crucial role in the crypto ecosystem, serving as main platforms for the purchase, sale, and exchange of cryptocurrencies. Despite the growth of decentralized finance (DeFi), centralized exchanges remain essential due to their ease of use, liquidity, and established infrastructure. However, with the increase in regulation, the future of CEX is rapidly evolving. Let’s explore the current situation of centralized exchanges and the regulatory context that is shaping their operations. Importance of centralized exchanges (CEX) in the crypto world Regulatory developments in 2024 Key challenges and future prospects for crypto CEX Conclusion Importance…
Bitcoin is currently trading at $63,554, following a fluctuating 24-hour range between $62,479 and $64,687. Key technical indicators show mixed signals, with consolidation after recent resistance at $64,730. Traders are watching closely for potential entry points as market indecision sets in across multiple timeframes. Bitcoin On the 1-hour chart, bitcoin (BTC) shows signs of cooling off after reaching the key resistance level of $64,730. Price action has been largely sideways since, consolidating around $63,500. The rejection from $64,730, coupled with declining volume, signals a possible weakening of bullish momentum. Traders should watch for potential support at $62,500, which could offer…