Author: NBTC

Many crypto users and investors haven’t been thrilled with Ethereum’s token (Ether) performance over the last two years. With many positive drivers, like successful technology upgrades, scaling solutions, restaking, and the recently approved spot Ether ETFs, most expected these factors to significantly increase demand for the largest smart contract platform’s token. But ether’s price hasn’t delivered. Can we really point the finger at Ethereum, though? Not really. The overall market has recently been choppy. Sentiment is shaky with mixed expectations – despite rate cuts and regulatory support, the market seems distracted by recession fears, rumors of large Bitcoin sales by…

Interesting developments just will not leave Shiba Inu (SHIB) alone as, recently, an anonymous new buyer emerged and literally caused ripples in the background of the popular meme-inspired cryptocurrency. In a series of transfers ranging from $15 to $5.28 million, the unknown large entity managed to absorb about 460.962 billion SHIB, worth about $6.07 million in current prices. As a result, the anonymous large buyer has become the largest SHIB buyer in the last 24 hours. In addition, the address “0x7834,” which absorbed this impressive amount of Shiba Inu tokens became the top address for SHIB inflows over the course…

Revolut is preparing to enter the Indian market next year. The company aims to target high-end consumers in India, the world’s most populous country, as part of its expansion strategy. Revolut first established a presence in India in April 2021. However, it was only earlier this year that the company received an in-principle authorization from the Reserve Bank of India (RBI) to issue prepaid cards and wallets. Paroma Chatterjee, CEO, Revolut India, Source: LinkedIn The company has been testing its products with its over 4,000 local employees. Revolut India plans to launch its app, domestic, and multi-currency cards in 2025.…

Vitalik Buterin, the co-creator of Ethereum, weighed in on the potential of blockchain technology to the modern insurance industry. He stated how much insurance DAOs were “underrated” hinting the sector had immense potential. Modern insurance is generally not symmetric. Consumers pay a fixed premium, and the company shareholders get more if they deny more claims and less if they accept more claims. Two classes of participants. — vitalik.eth (@VitalikButerin) September 19, 2024 The Problem with Traditional Insurance DAO cartographer @owocki took to social media platform X (formerly Twitter) to declare that “insurance is the biggest scam in modern finance.” He…

Yesterday, MicroStrategy announced the purchase of an additional 169 BTC in the past month. Now according to the latest data, MicroStrategy and BlackRock’s Bitcoin ETF, IBIT, together own approximately 569,000 BTC, which is about $36 billion. As of today, MicroStrategy owns 226,500 BTC, which is about $15.06 billion. In comparison, the IBIT ETF holds 343,387.46 BTC, which is about $21.7 billion. Peter Schiff, a well-known crypto skeptic, shared his thoughts on such a large Bitcoin (BTC) portfolio of the two market giants. Schiff suggests it is possible that the companies will have to sell their BTC bags. What if? The…

During a recent keynote speech at the Web3 Transitions Summit, which is taking place alongside Token2049 in Singapore, Ethereum co-founder Vitalik Buterin spoke in great detail about the main goals of the revolutionary ERC-4337 standard. The new standard introduced the concept of account abstraction, which is supposed to substantially simplify the process of recovering one’s crypto account. The new standard was deployed last March after undergoing a security audit. The ERC-4337 enhancement was originally proposed by Buterin back in September 2021. During a Q&A session, Buterin also described his ideal crypto wallet. It would allow restoring wallets with the help…

According to PHOENIX, a crypto media outlet, several cryptocurrencies have posted impressive gains recently. This surge in price highlights notable movement in the digital asset ecosystem. Leading the daily gainers is $DAR, which has surged by 82.7%. This dramatic increase reflects a strong interest and confidence from investors. This increase marks $DAR as a standout performer in the current market. DAILY GAINERS$DAR +82.7% $SYS +73.8% $VOXEL +46.1% $HLG +30.7% $CTK +28.4% $REI +24.8% $PDA +23.2% $FLUX +21.5% $DYDX +18.5% $MBOX +18.5%#dailygainers pic.twitter.com/V0DauD07vK — PHOENIX – Crypto News & Analytics (@pnxgrp) August 19, 2024 After $DAR, $SYS and $VOXEL Show Significant…

Today, Samourai Wallet developers Keonne Rodriguez and William Lonergan Hill appeared together in court in the Southern District of New York for a status conference. This was the first time the two made a public appearance together since the US Department of Justice (DoJ) charged the two developers with conspiracy to commit money laundering and conspiracy to operate an unlicensed money transmitting business in April 2024. It was also the first time either of them have appeared in court since Hill appeared ahead of his bail release in July and Rodriguez first attended a court hearing in May. The prosecution…

Coinbase, the largest cryptocurrency exchange in the United States, has warned users about delays in transactions related to Polygon (POL) shortly after the network underwent a major update. In a recent status update, Coinbase reported that some users may experience delays in sending and receiving Polygon tokens, but other services, including buying, selling, and fiat withdrawals or deposits, are unaffected. The official Coinbase status page included the following statements: “We are aware that some users may be experiencing delays in sending and receiving Polygon (MATIC). Buying, selling, and fiat withdrawals/deposits are not affected. We are investigating this issue and will…

Bitwise Chief Investment Officer Matt Hougan believes that Ethereum to tech giant Microsoft in a recent memo, asserting that the blockchain giant’s foundational role in the ecosystem is being underestimated amid current bearish sentiment. In the memo titled “A Contrarian Bet on Ethereum,” Hougan argued that Ethereum continues to lead in key sectors despite growing competition and skepticism. Market challenges Ethereum has faced significant headwinds in recent months, with the ETH/BTC ratio recently hitting a three-year low, reflecting its underperformance relative to Bitcoin. Ethereum’s price remains flat year-to-date, while Bitcoin has surged 38%, and competitors like Solana are up 31%.…