Author: NBTC
Amber Group, a large platform for digital wealth management, continued its trend of liquidating Ethereum (ETH). Recently, Amber Group added another large-scale transaction to Binance. Amber Group deposited another 8K Ethereum (ETH) to Binance, further diminishing its holdings. The latest ETH transaction arrives after a series of inflows of stablecoins, especially USDT and USDC. In total, Amber Group holds more than $58M in crypto assets. Amber moves $20.35 in ETH, $10M left in stablecoins In the past month, Amber Group deposited a total of 57K ETH to centralized exchanges, adding to the price pressure. 5 minutes ago, #Amber deposited 8k…
Renowned crypto influencer Ran Neuner has opened up about a devastating financial loss that saw him lose $134 million in just four days. Neuner made the revelation during a recent episode of Raoul Pal’s show, The Journey Man. This candid revelation provides an insider look at the volatile world of crypto investments, especially for those who, like Neuner, were caught off guard by the dramatic collapse of Terra’s Luna. From Contemplating Buying Private Jets to Financial Doom Neuner, a well-known figure in the crypto community, described the events of 2022 as the most challenging of his life. He recounted how…
Pump. fun generates $91M in revenue from the $SOL sales, reflecting high market interest in Solana. The sales volume at an average price of $158 per $SOL points to possibilities of stability in the cost of the security. This success could encourage mimic Pump groups to form and improve the overall liquidity of the Solana network. Pump. Fun has achieved a major achievement by hitting through more than 680000$SOL total revenue which is equal to around $91M. This came at a time when the platform is still experiencing high sales whereby 254,074 $SOL was sold which is equivalent to $40…
Mastercard plans to eliminate traditional credit card numbers and adopt tokenization technology to reduce the risk of information leakage. The development was reported by Singapore-based publication Lianhe Zaobao, which outlined Mastercard’s latest move to address the growing problem of online fraud. Tokenization technology replaces sensitive data, such as credit card numbers, with randomly generated digital strings known as tokens. These tokens replace the original data during storage and transmission, significantly reducing the risk of a data breach. Mastercard CEO Michael Miebach said the company aims to expand the use of this technology and replace traditional passwords with biometric identification methods…
Custodial Lightning has clearly achieved product market fit. Users benefit from instant Bitcoin payments and minimal fees, while custodians manage the complexities of channel and liquidity management. Major platforms like Coinbase, Cash App, Kraken, and Binance provide over 200 million users with direct access to Lightning payments. While the Lightning Network excels at facilitating payments between custodial wallets, doing so for mobile, self-custodial users is more challenging, particularly during periods of high transaction fees. As Roy Sheinfeld, CEO of Breez, wrote earlier this summer, this challenge is analogous to the “last-mile problem” observed in various transportation networks—from telecommunications to roads…
Ethereum ETFs break outflow streak with first inflows after nine days of negative flows. Ethereum is no longer “ultra” sound money, says analyst. Ethereum needs to overcome key resistance around $2,817 to validate double bottom move. Ethereum (ETH) is up 0.5% on Thursday following a recent analysis showing that the top altcoin lost its “ultra” sound money narrative. Meanwhile, ETH ETFs recorded net inflows for the first time after nine days of consecutive outflows. Daily digest market movers: Ethereum ETF outflow streak, ETH “ultra” sound money narrative Ethereum ETFs posted inflows of $5.9 million on Wednesday, ending their nine-day streak…
Bitcoin started September with a decline, falling to $57,000. While the downward trend in BTC is expected to continue, Coinshares has published its weekly cryptocurrency report. Coinshares, which stated that cryptocurrency investment products experienced an outflow of $305 million last week, wrote that negative sentiment about the market prevailed among investors. “Last week, cryptocurrency investment products saw a total outflow of $305 million, while there was widespread negative sentiment among investors and various regions.” Bitcoin (BTC) Was the Focus of the Exits! When looking at individual crypto funds, it was seen that the majority of fund outflows were in Bitcoin.…
The cryptocurrency landscape is advancing at a very fast pace, with remarkable projects coming up. There is no doubt that tokens like XRP, with its promising ledger and Polygon’s revolutionary scaling solution, are attracting much investor interest. With new entrants such as Avalanche and community-based projects like DOGS capturing the headlines, it is important to understand what they offer and what to expect going forward. XRP: Drawing the Line of Vade Mecum Current price:$0.5669 Market cap:$31.9B XRP (XRP Ledger), introduced in 2021, is unique because it is open-source and decentralized. It’s popular for its extremely low transaction charges of only…
Avaland Network shares the thrilling news about partnering with Orbler1, the renowned Web3 marketing expert. This strategic collaboration is aimed to foster an inclusive, vibrant, and engaged Web3 community. Avaland took this news to its X official account to share with the community about embracing the mantra. 🥳 We are thrilled to share the news of our strategic partnership: @avaland_network x @Orbler1!💎 Embracing the mantra “From Community to Community,” @Orbler1 is a leader in Web3 marketing, effectively connecting Web2 audiences through missions, staking, and innovative growth… pic.twitter.com/8UzU0LvTQj — AVA Land 🔺 | TESTNET IS NOW LIVE 🔥 (@avaland_network) August 30,…
With Bitcoin (BTC) still struggling to surpass and stay above the critical psychological price level of $60,000, experts foresee a possible breakout in the near future. Notably, crypto analyst TradingShot suggested in a TradingView post on August 12 that Bitcoin is likely to reach $170,000 by early 2025. According to his analysis, Bitcoin (BTCUSD) has seen a significant decline over the past two weeks, leading to a critical test of the 50-week moving average (1W MA50), a key indicator that has only been tested once during a bull cycle. Despite the recent sharp drop, which triggered panic and widespread liquidations,…