Author: NBTC
Billy Markus, known on the X social media network as Shibetoshi Nakamoto, who created the iconic meme cryptocurrency Dogecoin in cooperation with Jackson Palmer in 2013, published a tweet about Elon Musk, to defend him against recent criticism on the internet from certain U.S. politicians. Those included the California governor who threatened to sue Elon Musk over posting memes. While the discussion in the comments took a slightly different direction, Markus shared his feelings on selling almost all his DOGE nine years ago. Crypto enthusiast @ChadCaff shared a screenshot of an article with its title saying that “Dogecoin creator sold…
Binance, the world’s largest cryptocurrency exchange, has tweaked its Binance Connect service to streamline fiat-to-crypto transactions for Web3 projects, as confirmed to Finbold on Thursday, October 24. The revamped Binance Connect service helps businesses simplify crypto trades to integrate into Binance’s existing platform and enhance user experience and efficiency. Integrated within third-party platforms, Binance Connect allows eligible Binance users to manage crypto transactions from their decentralized finance (DeFi) wallets directly. The new Binance Connect Supporting over 100 fiat currencies and 300 cryptocurrencies, along with 300 payment methods, Binance Connect offers a wide range of transaction options, including traditional and digital…
In line with the latest statistics, Bitcoin ($BTC) whales are again executing big moves. Lookonchain, a popular on-chain analytics company, has disclosed that the whales are currently amassing $BTC in huge amounts after the recent downturn in the market. The analytics provider took to its official social media account on X to offer insights into this development. Whales are accumulating $BTC after the market drop!Since Sept 1, 3 whales have accumulated ~2,814 $BTC($157.3M) from #Binance at an average price of $55,887.Address: bc1qg32kay34ma85prkvxwtx3gxlm9w5yaeffz8djs bc1qd565stuuglgze8lmegv29662357meetprgjlx4… pic.twitter.com/cnivyiqAlR — Lookonchain (@lookonchain) September 9, 2024 3 Bitcoin Whales Amass 2,814 $BTC After a Market Decline…
In a recent tweet, Ripple’s chief technology officer (CTO) shared insights on cryptocurrency use in payments including XRP, shedding light on its valuation in relation to payments. That won’t make your payments any cheaper. It’ll just mean that buying and selling the same value of XRP moves the market against you more, making payments even more expensive. — David “JoelKatz” Schwartz (@JoelKatz) September 20, 2024 In response to an X user, Schwartz remarked that virtually no crypto is being used for payments. XRP on the other hand has wide availability, is among the top five in terms of market capitalization…
In response to overwhelming demand, the Solana staking campaign on Binance has been extended inviting users to stake their $SOL tokens and potentially get a chance of receiving greater rewards. This extension is expected to positively impact the SOL prices as increased staking leads to more demand and reduced circulating supply, creating increased token value. Due to popular demand, the campaign has been extended! Stake your $SOL now and join the surge. https://t.co/KtpXQb337d — Binance (@binance) October 24, 2024 The introduction of BNSOL products allows users to stake SOL while maintaining liquidity through liquid staking tokens, which can be utilized…
All eyes are on Bitcoin at this juncture. Recently, many predicted that September would be a great month for Bitcoin and it might see a bullish trend during the month. But, so far, we have seen nothing exciting in the Bitcoin chart. On September 6, it even plummeted to a low of $53,994.12, raising questions about the reliability of the forecasts made regarding the asset’s potential September uptrend. Meanwhile, a recent post made in X by Jelle indicates that we don’t have to completely lose hope about the predicted Bitcoin bullish momentum. Why? Read on! Will Bitcoin Mirror 2023’s Performance?…
The broader crypto market is undergoing intense consolidation, with the heat blowing to high-performant meme coins like dogwifhat (WIF), PEPE and Telegram game Catizen (CATI). Per CoinGlass data, the industry has recorded a total liquidation of $98 million. WIF, PEPE and CATI on front line Per data from CoinGlass, these tokens have outperformed most altcoins in 24-hour liquidation figures. Solana-based WIF has recorded $1.39 million in total liquidations. Long traders suffered the most, with $1.2 million liquidated, and short traders lost just $192,820. PEPE also recorded fairly high liquidations of $1.27 million as long traders took a $1.03 million loss…
More than a dozen crypto exchanges in South Korea have closed or suspended operations in 2024, leaving nearly $13 million in assets unclaimed by almost 34,000 subscribers. As South Korea enforces the Virtual Asset User Protection Act, more than a dozen crypto exchanges have shut down in 2024, leaving customers with 17.8 billion won ($12.8 million) in inaccessible assets. According to data from the Financial Services Commission, 11 exchanges have permanently ceased operations, while three others have temporarily suspended services in late September, The Korea Times reports. As a result, nearly 34,000 crypto owners are now seeking to reclaim cash…
In recent months of 2024, Bitcoin has experienced significant price fluctuations, resulting in substantial gains or losses over short periods known as volatility. However, understanding the causes of this volatility and its implications for investors is necessary for anyone involved in or considering the cryptocurrency market. This discussion will examine Bitcoin’s current state in 2024 and explore its implications for investors. The nature of Bitcoin (BTC) volatility Bitcoin’s volatility is a defining characteristic that differentiates it from traditional assets. Unlike stocks, bonds, or commodities, Bitcoin operates in a relatively nascent market with limited regulatory oversight and substantial speculative trading. Several…
To those watching crucial Shiba Inu (SHIB) performance trends, it will immediately become obvious that at least some tokens are always involved in key performance metrics. The twist is what is now obvious, as the burn rate has shown a neutral shift in the trailing 24-hour period. Shiba Inu burn rate milestone According to data from Shibburn, 0 Shiba Inu were burnt, implying an unusually bearish low for this metric. It remains uncertain how this happened, considering the extremely low price of SHIB, which could have encouraged some torching as is usually the case. With the 0 reading, the total…