Author: NBTC
Shiba Inu (SHIB), a dog-themed meme coin, continues to expand beyond limitations and uncharted territories with a recently achieved milestone. In terms of performance, SHIB has slightly outperformed Ethereum (ETH), the second-largest cryptocurrency, in the last 12 months. Analyzing SHIB and ETH’s yearly performance Lucie, Shiba Inu’s marketing executive, gave the update earlier today in a post on social media X. The update comes amid a broader market rally, which saw SHIB and ETH recording gains of over 6% on the daily frame. Both SHIB and ETH have performed fairly well over the past year, according to data from Coincodex…
One of yesterday’s trending news stories on X was a supposed reminder that today, September 30, would be the day that FTX bankruptcy creditors would receive approximately $16 billion. Like many breaking headlines on X, however, that is entirely untrue. Posts about the supposed payouts and the ostensible distribution of FTT liquidity earned hundreds of thousands of impressions and thousands of likes. Undeterred by fact checks, traders bid up the price of FTX’s proprietary token, FTT, from less than $1.40 on Saturday to a high of $2.71 on Sunday. Although FTX’s bankruptcy estate has announced plans to make distributions during…
BTC price rose to $65,500 on major exchanges, a 7-week high. The upside sees most Bitcoin holders in profit, which IntoTheBlock puts at over 90% Bitcoin has spiked past $65,000, reaching the highest price level since early August 2024. The surge to the $65k level, with BTC hitting $65,500 on Coinbase, has put more than 90% of Bitcoin holders into profit. Notably, the surge has other coins looking to break higher. Ethereum has strengthened above $2,600, BNB is above $600 and Solana has jumped to $157. BTC/USD price chart. Source: TradingView BTC hits 7-week high In recent weeks, Bitcoin had…
Fractal patterns and Fibonacci analysis suggest Ethereum could reach $10K by year-end. Global liquidity and macro trends may drive Ethereum’s price surge alongside Bitcoin. As discussed recently by a CNF update, Ethereum is often called the Crown Prince, and Ethereum’s price is expected to make new all-time highs before 2025. Ethereum’s native token, Ether (ETH), is positioned to potentially reach $10,000 in the near future, supported by various bullish indicators and market patterns. In this post, we will discuss the 3 Bullish Factors to Watch in the Next Cycle of Ethereum (ETH) on its track to $10K: 2023-2024 Fractal Suggests…
Celestia’s Lemongrass upgrade introduces 1-click Tia interactions, Interchain accounts, and a new upgrade mechanism. In August, Mocha Testnet and Mainnet Beta will both activate after the Lemongrass upgrade on Arabica Devnet. In a tweet, Celestia announced its first major upgrade, Lemongrass, which is expected to include various upgrades and new capabilities for the network. This upgrade was designed and coordinated in close consultation with the community, demonstrating Celestia’s dedication to decentralized collaboration. One of Lemongrass’s most prominent features is the addition of 1-click Tia interactions with other IBC chains and Interchain accounts. In addition, a new upgrading method will be…
Global crypto exchange Binance will help users transition their Orion tokens to Lumia starting Oct. 15 until Oct. 18. Binance announced on Sep. 30 that it will support Orion Protocol‘s rebranding to their liquid layer 2 blockchain Lumia through a network upgrade. As part of the transition process, the crypto exchange will remove all Orion-Bitcoin(BTC) and Orion-Tether(USDT) trading pairs on Oct. 15, 2024, at 06:00 UTC, and all pending ORN spot trading orders will be canceled. Additonally, deposits and withdrawals of ORN tokens will be suspended on this day. Binance will reopen trading for LUMIA/USDT trading pairs on Oct. 18,…
If we claim to be an improvement on traditional finance, we had better start playing the part. It’s clear how Bitcoin fixes rampant monetary discretion. It’s clear, too, how Bitcoin changes your relationship with money—both financially because you’re more inclined to save an appreciating asset—as well as physically because you can do novel things like hold the GDP of a small island nation on a USB. There is one thing, however, that is slowly gaining acceptance and needs to be accepted if we are to truly improve on the mistakes of the past, and that’s Proof of Reserves. Bitcoin has…
Newly appointed Japanese Prime Minister Shigeru Ishiba aims to use blockchain technology and non-fungible tokens to revalue local assets like food and tourism on a global scale. Policy documents from Shigeru Ishiba’s office indicate that Japan‘s PM is pro-blockchain and in favor of developing web3 technology to boost the country’s regional economies. His vision resonates with those of various crypto industry groups that wish for more incorporation of NFTs and Decentralized Autonomous Organizations in augmenting rural economies to promote sustainability and innovation. “Using blockchain technology, NFTs, and more, we will look to maximize the value of a multitude of analog…
Vitalik Buterin-linked wallet transfers 1,300 ETH ($3.35M) to Paxos. Repeated Ethereum transactions raise speculation around Buterin’s potential motivations. Vitalik Buterin, co-founder of Ethereum, has once again drawn attention due to recent transactions associated with a wallet suspected to be his. Buterin had previously stated on social media, “I haven’t sold and kept the proceeds since 2018. All sales have been to support various projects that I think are valuable, either within the Ethereum ecosystem or broader charity.” However, a recent transfer of 649 ETH ($1.72 million) to Paxos, made around 20 hours ago, has ignited fresh speculation. Wallet “0x556,” associated…
The integration of Stellar’s blockchain technology has been a game-changer for Colombia as it provides a secure and efficient method for financial transactions. This innovative approach enables the local workforce to receive payments without leaving their community. In a major development, Colombia, a small town in San Francisco, is seeing a massive financial transformation happening through a crypto solution powered by the Stellar blockchain network. San Francisco, Colombia, has long struggled with inadequate digital infrastructure, including the absence of traditional banking facilities. Australian entrepreneur Zach Borrowdale has now taken responsibility for helping the local community by building businesses and creating…