Author: NBTC
Dog-themed cryptocurrency Shiba Inu (SHIB) has seen a surge in its burn rate, reaching 38,199,412%. According to the Shibburn X account, 39,345,498 SHIB were burned in the last 24 hours, representing a 38,199,412% surge in burn rate. The price of Shiba Inu increased in the last 24 hours, reaching an intraday high of $0.00001468 in Sunday’s trading session. However, the rise was short-lived, as the SHIB price retreated as the cryptocurrency market experienced some profit-taking. At the time of writing, SHIB was down 0.34% in the last 24 hours to $0.00001395 and down 1.10% weekly. HOURLY SHIB UPDATE$SHIB Price: $0.00001438…
Crypto advocacy Stand With Crypto has backed John E. Deaton, highlighting his stance on digital assets as he challenges Senator Elizabeth Warren. Stand With Crypto, a crypto advocacy group, has endorsed pro-crypto lawyer John E. Deaton in his campaign against Senator Elizabeth Warren for the Massachusetts Senate seat. The endorsement signals growing support for Deaton’s pro-crypto regulatory stance as he faces Warren. 🚨NEW: Advocacy group @standwithcrypto has now endorsed @JohnEDeaton1/@DeatonforSenate in his run against @SenWarren.👇🏼 https://t.co/a9W9gupbcb — Eleanor Terrett (@EleanorTerrett) September 27, 2024 Deaton, known for his defense of XRP (XRP) holders in the U.S. Securities and Exchange Commission lawsuit…
Forks of Bitcoin are intended to solve different shortcomings of the primary Bitcoin, the areas of concern are scalability and the way of rewarding miners. Every fork reflects a different way to enhance the usability of cryptocurrencies and is targeted at different users’ needs. These forks can be long-term if the respective market accepts such and is willing to meet new demands in the cryptocurrency market. The development of Bitcoin has been associated with several types of forks to try to correct what the developers have deemed to be flaws in the Bitcoin system. Five notable Bitcoin forks have emerged…
The price of Ethereum (ETH) has not really kicked off despite the bullish sentiment in the market. However, various signals are pointing toward a potential rally for the leading altcoin on the market. This week saw a huge jump in one of the most crucial metrics, injecting more positivity among investors. Leading market intelligence platform IntoTheBlock has shared an important update for Ethereum. It revealed that the network fees of Ethereum have reached the highest level since early June of this year. Remarkably, Ethereum fees skyrocketed 188.51% this week, as it stood around $45.2 million. What does it mean for…
The cryptocurrency market has made a significant recovery this week after the major crash it experienced last week. The reasons for last week’s decline were listed as geopolitical risks, the FED, and the strengthening of Kamala Harris in the US elections. Bitcoin price, which fell to $49,000 during the decline, is trading at $60,175 at the time of writing. In addition, in the new week, a large number of token unlocking operations will take place in many altcoins and the circulating supply of these altcoins will be diluted. Here is the weekly token unlock calendar that we have prepared specially…
District Judge Katherine Polk Failla ruled in favor of a trial against Tornado Cash and Roman Storm, causing an outcry from the crypto community. Judge Failla denied the defendants’ motion to dismiss, asserting that the possible uses of code were not protected as speech under the First Amendment. Arguments that the crypto mixer operated differently from money-transmitting businesses were also overruled in the Southern District of New York. The general crypto caucus reacted with outrage to Judge Failla’s ruling. Social media users expressed concern that the court’s decision endangered open-source development and developer freedom. Tornado Cash and its co-founder, Roman…
Space Nation, a budding transmedia franchise, has “soft launched” its massively multiplayer online role-playing game (MMORPG) Space Nation Online as it eyes up the goal of becoming the next Star Wars. The developers believe that the newly released game, built on blockchain, will be the centerpiece to its expanding sci-fi IP. Space Nation Online will spend 12 weeks in this soft-launched phase as the team limits player access and stabilizes the in-game economy. Once this is complete, the game—built on Ethereum scaling network Immutable zkEVM—will be set up for a global launch that will attempt to bring in a wider…
Bitcoin has been the subject of recent media attention, not only due to its price increase above $65,000 but also due to the extraordinary inflows into spot Bitcoin ETFs. These inflows, according to Farside Investors, have reached a remarkable $365 million as of September 26, 2024, which is indicative of the increasing institutional interest in the cryptocurrency market. Record Inflows Amid Market Optimism The biggest daily flow for the month came from BlackRock’s Bitcoin ETF, which surged about $184 million on September 25, 2024. This spike coincides with withdrawals from numerous other ETFs, indicating a significant change in institutional investors’…
Ethereum (ETH) is displaying conflicting market indicators, as on-chain data developments are met with constant outflows from spot Ethereum exchange-traded funds (ETF). According to IntoTheBlock’s “On-chain Insights” newsletter, ETH’s price surged over 7% in the past week, with addresses “in the money” increasing from 59% to 66%. Additionally, 82% of ETH volume is currently in profit. Moreover, network activity has seen a significant uptick, with weekly fees reaching $45 million, the highest since June 10, 2024. The Ethereum derivatives market also shows renewed optimism, evidenced by a positive shift in the 30-day moving average of funding rates. However, these positive…
The Akash Network (AKT) surged once more as the platform gained investor interest in the decentralized cloud computing scene. According to Coingecko, the token is up 20% since last week as the fear, uncertainty, and doubt the market experienced died down. The platform is slowly expanding its operations with new additions to Akash that will benefit both investors and Akash service consumers alike. Along with the market’s general bullishness, it seems that AKT will see tremendous growth in the long term. Network Utility Reaches Almost Half As Renters Double August 10th revealed that the platform’s GPU utility rate has reached…