Author: NBTC
Bitcoin’s (BTC) price rebounded on Monday, racing to $57,050 for the first time in five days. This comes after an underwhelming start to a historically bearish September, as it initially dropped to $53,930. As of this writing, the coin trades at $57,226. While the market might hope for a sustained bounce, on-chain analysis suggests that BTC might be set for one last dip before a rally that could last the whole of this year’s last quarter. FUD-Driven Shorting Lifts Bitcoin Earlier today, the on-chain analytic platform explained that the recent upswing occurred as a result of heaving Fear, Uncertainty, and…
In an unprecedented move, X Empire has announced that over 12.5 million users are set to receive tokens in its highly anticipated airdrop. This massive distribution of tokens among players is a groundbreaking opportunity for the community, and users are encouraged to connect their wallets immediately as per Telegram. Airdrop details The airdrop will reward users who have leveled up a character and have invited friends to join X Empire with a certain amount of coins. To claim these tokens, users must connect their crypto wallet to X Empire. To facilitate the connection process, X Empire has released a step-by-step…
Hong Kong is sharpening its focus on virtual asset trading and digital financial systems, local media reported on Oct. 23, citing Financial Secretary for Services and the Treasury Christopher Hui. Speaking at the Asia-Pacific Fintech Innovation Lab 2024, Hui emphasized that these areas are central to positioning Hong Kong as a global leader in virtual asset development. As part of a broader push for digital finance, Hui emphasized the potential of central bank digital currencies (CBDCs) and virtual asset trading to reshape Hong Kong’s financial landscape. He said the government is accelerating efforts to integrate these technologies, providing secure and…
Uphold’s Chief Revenue and Marketing Officer, Nancy Beaton, has unveiled details about the platform’s unique trading infrastructure, which connects to 30 different trading venues to secure optimal pricing for users. The revelation came during an interview with Thinking Crypto at the Ripple Swell conference, where Uphold also announced its participation in the upcoming RLUSD stablecoin launch. Uphold employs a distinctive architecture Unlike conventional cryptocurrency exchanges that operate with a single order book, Uphold employs a distinctive architecture that shops across multiple trading venues, including both centralized exchanges and DeFi platforms. This approach enables users to trade “anything to anything” on…
The IOTA ecosystem thrives due to its dynamic community and innovative developer contributions, pushing the boundaries of blockchain technology with groundbreaking projects. IOTA’s Tangle network relies on nodes and validators for security and stability, while the community extends beyond technology to make significant social impacts. The IOTA ecosystem has enjoyed major success due to the contributions of the vibrant and dynamic participants. Furthermore, IOTA’s innovative developer community has been driving IOTA’s future by pushing the boundaries of new developments in blockchain technology. IOTA’s developer community has been working on a few groundbreaking projects shaping the next generation of IOTA tech…
Singaporean national Malone Lam has appeared in court in the United States after being charged for allegedly stealing over 4,100 BTC, currently valued at approximately $274 million, from a private investor in Washington, according to local media. Lam, 20, and his co-conspirator, Jeandiel Serrano, 21, are accused of executing a sophisticated social engineering scheme that marks one of the largest crypto thefts from an individual in US history. According to the unsealed indictment from the United States District Court for the District of Columbia, Lam and Serrano identified the victim as a high-net-worth crypto investor. They orchestrated unauthorized access to…
Robinhood, the popular trading app, has added support for Stellar (XLM) transfers. In a tweet, Robinhood Crypto EU announced that the platform now supports XLM transfers. This move implies that users can now withdraw and deposit XLM. To celebrate this addition, Robinhood is offering a limited-time 1% deposit bonus available to those transferring the digital asset to the platform. Robinhood Crypto now supports $XLM transfers.Withdraw and Deposit #XLM with a 1% deposit bonus for a limited time.Terms apply. Download the app: https://t.co/sb4gDoO6Ls#RobinhoodOnchain pic.twitter.com/sONd3LIhuY — Robinhood Crypto EU (@RobinhoodCrypto) October 23, 2024 Robinhood launched its crypto trading service, Robinhood Crypto, in…
The cryptocurrency market witnessed a sharp decline in Illuvium’s (ILV) price following a significant sell-off by a prominent wallet address, luggis.eth, marking the second major sell-off this year. The trader withdrew 70,764 ILV tokens valued at approximately $2.86 million from the Illuvium platform and subsequently sold 40,000 ILV tokens, equating to $1.54 million, around 45 minutes before the latest market update. This action led to an immediate drop of around 7.8% in ILV’s price. luggis.eth withdrew 70,764 $ILV($2.86M) from #Illuvium and dumped 40,000 $ILV($1.54M) 45 mins ago, causing the price of $ILV to drop by ~7.8%.luggis.eth still holds 221,046 $ILV($8.25M).https://t.co/HcnYOc5xcl…
The firing of the firm’s co-founder and its CFO in July triggered a wave of departures. A new CFO and a senior sales trader have since been hired. Portofino Technologies, a Switzerland-based crypto market making firm that was given the nod earlier this year from the Financial Conduct Authority (FCA) to serve institutional crypto clients in the U.K., has seen an exodus of staff in recent months, following the sacking of the firm’s co-founder and its head of finance. Both Portofino’s chief operating officer and co-founder, Alex Casimo, and chief financial officer, Jae Park, were fired in July. This then…
Bitcoin infrastructure project Satflow has introduced a DEX for professional traders focused on the Ordinals and Runes ecosystems. The aim is to eliminate the practise of mempool sniping, the effects of which may be more acute on Bitcoin than other networks. Satflow, a Bitcoin infrastructure firm focused on the Ordinals and Runes ecosystems, has introduced a decentralized exchange (DEX) for professional traders – positioned as a less-expensive alternative to the popular NFT marketplace Magic Eden. In a press release shared with CoinDesk, Satflow said that its fees initially will be 0%, claiming they would be a couple percentage points lower…