Author: NBTC
Crypto exchange WazirX, one of the most famous among Indian crypto exchanges, has reported crucial data on the current restructuring process via an email to its users. The email sheds light on the further action the team will be taking for the restructuring process. A session on the Moratorium Application is coming up on September 25 2024, at 8:00 IST. The meeting of the hearing is scheduled for the Zoom platform, and the exchange has prompted creditors to fill out their registration and confirm their participation through the WazirX application. Creditor Support Vital for Restructuring Although the Singapore High Court…
Bitcoin (BTC) is priced at $50,193.32 after crashing 17.7% over the past 24 hours, according to CoinGecko. The price went even further down but bounced back near the $49,000 price level, and Bitfinex analysts highlighted that this zone might be a short-term support. “We expect short-term support to be established around the 48,900 region. If there is no bullish momentum, this region may be retested, with the macroeconomic environment determining further price action,” added the analysts. The crypto sell-off is macro-driven. As reported by Crypto Briefing, the trigger for this massive correction appears to be the Bank of Japan’s unexpected…
Ethereum’s price has been trending lower over the past few months but has found support at a critical level. Meanwhile, the market is yet to demonstrate a bullish shift. Technical Analysis By Edris Derakhshi The Daily Chart On the daily timeframe, the asset has recently been rejected from the $2,700 resistance level and has gradually declined toward the $2,200 support zone. While this area has held the price again, the market has yet to display a significant rebound. With the RSI also remaining below 50%, the momentum still favors a bearish continuation. Therefore, a breakout below the $2,200 level remains…
Chainlink can mimic related technological innovations to hit mass adoption. The Oracle protocol is innovating with CCIP, one of its most adopted interoperability solutions. The possibility of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) becoming a standard solution for Web3 projects is growing. Prophet One, a team of crypto enthusiasts, highlighted this possibility along with timelines showcased on charts posted on X. Possible Timeline for Chainlink CCIP Web3 Adoption The first chart posted was the CCIP Aggregate Tokens Transferred. This chart shows the daily average of all tokens sent cross-chain, with CCIP reaching a $900,000 daily average and over 50,000 monthly requests.…
A wallet linked to Alameda Research has transferred a large amount of Bitcoin, as reported by blockchain security firm PeckShieldAlert. Approximately 231.4 BTC, valued at $13.5 million, was moved in the past few hours, with 200 BTC of it being sent directly to Coinbase. This substantial transfer is part of a pattern of movements involving wallets tied to the now-defunct FTX exchange, prompting interest in the purpose of these funds and their potential implications for market liquidity. #PeckShieldAlert #Alameda labeled address has transferred 231.4 $BTC (worth ~$13.5M) out, of which ~200 $BTC was sent to #Coinbase within the last 4…
Matt Hougan, the CIO of Bitwise Investments, is still very bullish on Bitcoin (BTC) despite recent declines in the value of the leading cryptocurrency. Hougan predicted a long-term recovery for BTC while sharing his opinion on the current market downtrend in a post on X. Hougan’s express confidence for Bitcoin Bitcoin recently lost significant value plummeting to the $52,000 price range after climbing to an all-time high of $73,628. This decline follows general market volatility, which also caused the prices of altcoins like Ethereum (ETH) and XRP to plummet. The last time global capital markets panicked was March 12, 2020,…
According to DappRadar statistics, NFT market sales for the last week came to $74.86M. With sales of $5.39 million, an increase of 9.45%, Cryptopunks topped the charts. Another decline in NFT market sales occurred during the last week, with a decline of 7.91% from the prior week. Both the number of buyers and sellers saw significant drops; the former fell by 73.46 percent and the latter by 61.18 percent from the previous week. According to DappRadar statistics, NFT market sales for the last week came to $74.86 million, which is a decrease of 7.91% from the previous week. Although sales…
The story between Charles Hoskinson and Ethereum (ETH) recently resurfaced in the crypto space, as one of the enthusiasts decided to break down what exactly broke this union. As many may know, Charles Hoskinson was one of the original cofounders of Ethereum and played a significant role in its early development, including the design of the initial coin offering and the decision to register the Ethereum Foundation in Switzerland. However, Hoskinson left the Ethereum project to found Cardano, a competing blockchain platform. The reason for his departure is often attributed to disagreements with other Ethereum cofounders, particularly over the direction…
VeChain has announced its integration with Oobit’s iOS, marking a significant step toward European expansion. This ease of access is expected to significantly boost VET’s adoption among European investors, helping to solidify its presence in the region. Vechain, a leading provider of blockchain solutions for supply chain management and other enterprise applications, has announced via the X platform the integration of VeChain into the Oobit platform. By integrating VeChain into its iOS app, the blockchain network has significantly expanded its reach to European users, offering users a streamlined, accessible way to buy, sell, and hold VET tokens directly from their…
Binance recently announced its plans to list Hamster Kombat (HMSTR) as the 58th project on its Launchpool. This declaration sets the stage for trading to start on September 26, 2024, at 12:00 UTC. Under the Launchpool terms, users can lock their BNB and FDUSD to receive HMSTR airdrop over a seven-day period. The airdrop farming will start on September 19, 2024. Is Binance Trying to Onboard Hamster Kombat Users? Binance will apply a seed tag to HMSTR, indicating it as a volatile project. To trade tokens marked with this tag, users must pass quizzes every 90 days. Amidst the announcement,…