Author: NBTC

After opening August with a bearish outlook, Bitcoin’s (BTC) price continued to bleed in the past 24 hours. The flagship coin had slipped more than 2 percent to trade at about $63,981 on Friday during the early European session. The altcoin industry followed the same trend, pushing the total crypto cap to around $2.39 trillion. Consequently, over $245 million was liquidated from the crypto derivatives market in the past 24 hours, mostly involving long traders. Whales’ Bitcoin Activity Remains High Amid the rising geopolitical tensions in the Middle East, the crypto industry has continued to register heightened on-chain activities. Furthermore,…

Ethereum traders are growing confident that the altcoin’s price might soon see a significant recovery. This bullish sentiment is a follow-up reaction to what many called ETH’s bottom. In this analysis, BeInCrypto examines the factors driving this optimistic outlook and what it means for Ethereum’s short-term performance. Ethereum Traders Bet Big On September 15, Ethereum’s Estimated Leverage Ratio (ELR) — a metric showing whether traders are taking high-leverage bets in the derivatives market — saw a notable drop, signaling cautious market behavior. However, on September 16, the ELR surged to its highest level in over a month, indicating a shift…

The Tangle Treasury has implemented significant improvements in data and financial security, introducing a new anti-money laundering (AML) and counter-terrorist financing (CTF) policy. Nicole O’Brien will lead as the AML/CTF officer for IOTA’s Tangle Treasury, overseeing adherence to best practices, improving internal protocols, and training staff. The IOTA and Shimmer communities received an important update from the Tangle Treasury regarding the enhanced backend improvements. The latest advancements currently focus on boosting data and financial security while refining proposal reviews and grant management processes. Thus, in an effort to mitigate risks associated with fund allocations, the Tangle Treasury unveiled a new…

The U.S. Securities and Exchange Commission (SEC) has filed suit against three individuals and five companies for allegedly operating pig butchering scams – a type of confidence-enabled investment scam in which fraudsters befriend victims over text-based social media apps, gain their trust and convince them to invest large amounts of money in fictitious crypto platforms before stealing their funds and disappearing. The two lawsuits filed Tuesday are the SEC’s first enforcement actions alleging this type of crypto scam, and come one day before the U.S. House Financial Services Committee is set to hold a hearing on pig butchering scams. “Relationship…

Ceffu, institutional custody partner for Binance, has deposited a massive Bitcoin (BTC) and Ethereum (ETH) reserves to the exchange. Today, the firm dumped over $93 million worth of BTC and ETH amid market uncertainty. This move sparked concerns around further bearish sentiment for Bitcoin and Ether. Overview of Transactions Undertaken By Binance’s Partner According to Lookonchain, an on-chain tracker, Ceffu deposited 28,865 ETH, valued at $66.74 million, and 450 BTC, worth $26.5 million, into the Binance exchange. Earlier, four days ago, the firm transferred 3,123 BTC, valued at $181 million, to the leading exchange, hinting at alarge-scale selloff. These transactions…

CodexField has announced an exciting partnership with SPACE ID, a pioneering identity platform in the Web3 space. With over 1.3 million users registering over 2.7 million domain names, SPACE ID is establishing itself as a leader in the industry. 🚀 CodexField X SPACE ID 🚀 We’re thrilled to announce our partnership with @SpaceIDProtocol , a one-stop identity platform to discover, register, trade, manage web3 domains. 1.3M+ users have registered more than 2.7M domain names on SPACE ID.🆔 Together, SPACE ID and… pic.twitter.com/z1ppnOoEzC — CodexField | 🇸🇬Token2049 (@CodexField) September 18, 2024 CodexField and SPACE ID will explore new opportunities to develop…

Bitcoin (BTC) has experienced notable volatility recently, reaching its lowest level in over two weeks at $62,498 on August 1. This decline has been attributed to a combination of factors, including reduced expectations of interest rate cuts in the United States and the distribution of 47,000 BTC from the defunct exchange Mt. Gox. Traders are now closely monitoring key support and resistance levels to identify the next significant buying opportunity. In this context, the analyst with the pseudonym Stockmoney Lizards noted in an X post on August 2 that Bitcoin is nearing a critical point, presenting a potential entry point…

According to the latest figures, over the past 38 days, starting from Aug. 10, 2024, the total value locked in decentralized finance (defi) protocols has slipped by $5.07 billion. Despite this decrease, ethereum continues to pour into liquid staking derivative (LSD) platforms, with 29 distinct LSDs pulling in nearly $1 billion worth of ether during this period. $5B Slips From Defi, Yet 400,000 Ether Pours Into Liquid Staking Data from defillama.com shows that 38 days ago, the total value locked in defi was $84.61 billion. As of Sept. 17, 2024, that figure has fallen to $79.54 billion. Yet, LSD platforms…

On Monday, the crypto economy held steady at $2.06 trillion, though it dipped by 2.26% in value over the last 24 hours. Bitcoin experienced a 2.5% drop this past week, while ETH saw a decline of more than 4% during the same period. Despite the downturn, some digital currencies managed to stand out, with superrare (RARE) soaring 164% over the week. The Top Gainers and Biggest Drops in the World of Crypto Markets Though the digital currency market has faced challenges, a few crypto assets posted gains this week, with the top five gainers seeing increases ranging from 17.65% to…

Lawyers representing Alex Mashinsky have argued that he “did not intend to defraud or harm anyone” — and the claims he made in weekly videos to Celsius customers were done in good faith. What Celsius case is about? Celsius Network was one of the biggest casualties of a brutal crypto winter in 2022, with the embattled lender suddenly freezing the withdrawals of 1.7 million customers. The company had suffered from a huge black hole in its balance sheet — and abruptly tipped into bankruptcy, blaming “extreme market conditions.” While founder Alex Mashinsky regularly insisted his platform was “better than a…