Author: NBTC
A widely followed market commentator and YouTuber with the handle “ModernInvest” has expressed that it would be strange if XRP fails to crack $20 in this bull season. The price of XRP is swiftly recovering from significant selling pressure that nearly forced its value towards the $0.50 level earlier this week. It is trading at $0.5322 at press time, posting a 1.45% gain in the last 24 hours. This figure marks a notable improvement from the low of $0.5101 that XRP tested on Thursday, the day the SEC announced its intention to appeal. However, XRP is still nursing a 9.5%…
Former Coinbase CTO Balaji Srinivasan spoke at the Network State Conference in Singapore on Sept. 22 about Bitcoin’s potential to protect wealth against inflation. Srinivasan claimed that Bitcoin (BTC) serves as a shield against what he describes as the gradual erosion of wealth by the state through inflation. “The Fed wants you dead—just a little bit every year. And so we resist that. We stand against that,” Srinivasan said about Bitcoin and crypto. Srinivasan compared the U.S. Federal Reserve’s approach to inflation with a slow process of wealth loss over time. In the current financial system, inflation is often seen…
Leading crypto exchange Bitstamp provides an overview of Shiba Inu, suggesting that SHIB is a star coin. Bitstamp gave the analysis in a recent X post titled “Shiba Inu Spotlight!” Interestingly, the exchange placed Shiba Inu in between two bright stars. This triggered speculation that the exchange could be referring to SHIB as a star coin. Shiba Inu Transformational Journey Notably, Bitstamp’s overview of Shiba Inu highlights the token’s transformational journey from a memecoin to a coin with growing utility. According to Bitstamp, Shiba Inu was created in 2020 by a pseudonymous developer, Ryoshi, with solid backing from its vibrant…
At the end of this week, on Sept. 29, Sunday, the renowned founder of the Binance exchange and the creator of its native token BNB, Changpeng Zhao (CZ), is to be released from prison after he finishes his four-month sentence. CZ’s release from prison and the start of “Uptober” Many on Crypto X expect this to be a major driver of growth for Bitcoin and other cryptocurrencies. Besides, users are reminding the cryptocurrency community that this will be the beginning of “Uptober.” Traditionally, as noted by many crypto traders, October and November are bullish months, followed by the “Santa Claus…
Cardano founder Charles Hoskinson has commended the team behind Sui, a fast-rising blockchain network that has recently gained significant traction. Sui is a Layer-1 blockchain and smart contract platform that launched in 2023. Its goal is to simplify and enhance application development in the Web3 ecosystem. The platform operates on the Move programming language, allowing for parallel transaction processing. Hoskinson Commends Sui Network’s Progress On October 4, Charles Hoskinson, the founder of Cardano, praised the SUI network team for their recent performance. He specifically acknowledged the work of George Danezis, Mysten Labs Co-Founder and Chief Scientist, and noted that the…
Recently, Peter Brandt, who is considered a legend in trading on the financial markets and has been active in that sphere since the 1970s, revealed that he is currently excited about major cryptocurrency Bitcoin (BTC). This insight came after Brandt reviewed the ratio of BTC to gold, where the former is considered a kind of analog of the precious metal and is often referred to as “digital gold.” In particular, the trader did not rule out the possibility that Bitcoin could see almost 520% growth in its price against gold in the coming months. However, when further asked what he…
The most significant Season 1 EIGEN claimant, boby1337.eth executed a substantial transaction by withdrawing 1 million $EIGEN, valued at $3.61 million As per the report shared by SpotOnChain, an on-chain crypto analytical firm, this massive amount of $EIGEN was withdrawn from Binance early today. This move comes after boby1337.eth previously sold a portion of the 2.255 million tokens acquired during the airdrop on the day of listing. The largest Season 1 EIGEN claimant, boby1337.eth, withdrew 1M $EIGEN ($3.61M) from Binance ~ 5 hours ago.After selling part of the 2.255M tokens claimed from the airdrop on listing day, @0xBoby1337 has been…
Bitcoin has been trying to push past its 200-day moving average (MA), currently sitting at roughly $64,000, for the past five consecutive days. Historically, rising above the 200-day MA signals further upward momentum, serving as a key indicator of long-term market sentiment. BTC/USD 1-Day Chart (200-Day Moving Average Included). Source: TradingView Bitcoin has surged over 5% since the Federal Reserve rate cut announcement, reaching $63.5k and approaching the critical $64k level of the 200-day moving average. As Bitcoin hovers near the 200-day MA, CoinGlass reports $7 million in long liquidations and $5 million in short liquidations. The low liquidation levels…
The biggest gainers within top traded cryptocurrencies were recorded within the cryptocurrency market. $DIA pioneered the increase with a staggering 45.3% implementation and garners interest from investors and market analysts. The stock of $DIA is currently at $0.87, with a volume of $96.6 million in market capitalization. Phoenix, a crypto analytical platform, shared the list of today’s top crypto gainers through its official social media platform, X. DAILY GAINERS$DIA +45.3% $CELL +38.0% $SUIP +30.9% $XCAD +28.5% $TADA +20.0% $SYN +18.7% $ARK +18.0% $SIS +17.8% $STRDY +17.4% $CELO +15.8%#dailygainers pic.twitter.com/yLWZuNF5nl — PHOENIX – Crypto News & Analytics (@pnxgrp) October 5, 2024…
KPMG’s recent report emphasizes the critical role of crypto custodians in safeguarding Bitcoin holdings, highlighting the need for strong security frameworks. As institutional adoption of Bitcoin increases, KPMG stressed that custodians should adopt proof-of-reserve practices and address key security challenges. KPMG, the global consulting giant, has recently stated that the crypto industry needs strong custodial practices in place to boost the institutional adoption of Bitcoin. In its recent report, “The Importance of Custodians in Bitcoin Adoption and Ownership,” KPMG mentions the importance of custodians in safeguarding investors’ Bitcoin holdings. Thus, it also said that crypto custodians should ensure that they…