Author: NBTC
Shiba Inu (SHIB) has remained the undisputed meme coin champion in the Ethereum (ETH) ecosystem amid the notable emergence of new similar projects. The large-cap meme coin, with a fully diluted valuation of about $17 billion and a daily average traded volume of about $156 million, takes pride in nearly 1.4 million on-chain holders. The impressive Shiba Inu’s initial performance, the notable network development, and the support from Ethereum’s co-founder Vitalik Buterin have helped the meme coin remain relevant throughout the crypto bear market. Shiba Inu Developments The top-tier dog-themed meme coin has significantly benefited from the notable development of…
German authorities confiscated 13 crypto ATMs and seized nearly $28 million in cash across 35 locations. It’s been quite the summer for Germany and crypto. German authorities have faced criticism for their negative stance on crypto after selling seized Bitcoin (BTC). Recent busts from August 20 reveal that German authorities are still cracking down on crypto malpractice. On Aug. 20, German authorities carried out a wide-reaching anti-money laundering operation, confiscating 13 crypto ATMs and almost $28 million in cash from 35 locations nationwide, according to Reuters. The raids, led by financial watchdog BaFin in collaboration with police and the Bundesbank,…
Crypto.com, one of the leading U.S.-backed exchanges, has announced the listing of the DOGS (DOGS) token. Its users will be able to purchase it with the U.S. dollar (USDT), the euro and a slew of other fiat currencies. The meme coin upstart, which is powered by The Open Network (TON), is based on Spotty, a canine mascot created by Telegram founder Pavel Durov. Notably, the cryptocurrency has its own bot on Telegram that allows users to collect tokens by participating in various activities (such as inviting friends or subscribing to social media channels). Loyal users and premium subscribers can expect…
A report presented to the Paraguayan Congress highlights the low level of employment associated with the country’s bitcoin mining activity. According to data from the Social Care Institute, the entire bitcoin mining industry is responsible for only 383 direct jobs, with over 40 companies not reporting any workers directly associated with their operations. Paraguayan Bitcoin Mining Industry Registers Less Than 400 Workers A report presented last week to the Chamber of Senators highlights the low employment level brought to the country by the Paraguayan bitcoin mining industry. The report, which takes data provided by the Social Care Institute (IPS), found…
Bitcoin (BTC) has failed to break past the $60,000 resistance zone, with the maiden cryptocurrency consolidating below this level. A break above the $60,000 resistance is a significant catalyst likely to propel Bitcoin to a new all-time high. Amid the current price movement, Bitcoin has witnessed increased whale activity as investors anticipate a possible breakout. For instance, crypto analyst Ali Martinez shared data in an X post on August 19, revealing that Bitcoin whales have recently realized over $92.7 million in profits. According to the latest data from CryptoQuant, a surge in profit-taking activity occurred between late July and mid-August.…
Ethereum ETFs record their longest outflow streak with five days of consecutive negative flows. Ethereum exchange net flow has increased to 31K ETH, its highest since the market crash on August 5. Vitalik Buterin says Ethereum is growing based on several key metrics. Ethereum technical indicators suggest a range-bound movement amid mixed sentiments from futures traders and fund investors. Ethereum (ETH) is down 1% on Thursday as its ETF and exchange net flows suggest that sellers dominate the market. Despite the selling pressure, Ethereum co-founder Vitalik Buterin shared a post depicting its growth across several metrics. Daily digest market movers:…
The Polymarket bets on US presidential elections tracked the rumors about Joe Biden leaving the run today. In the afternoon, the odds of Kamala Harris winning the election reached 18%, two times the odds favorable to Biden. Additionally, over $11 million was directed to betting on Harris. As reported by Reuters, there was a rumor about Biden not running for his second mandate as US president, and Harris was the “top choice” to replace him. However, a few hours later, the Democrats representative told the press that he is running. Consequently, the odds of Biden winning the election at Polymarket…
Herring Global, a rising player in the digital asset trading sphere, has recently made notable executive appointments that could significantly impact its growth. The addition of Christian Fischer and Benjamin Toh underscores the company’s commitment to technological innovation and compliance in an evolving cryptocurrency landscape. Ervin, the CEO, expressed enthusiasm about their contributions, highlighting the strategic importance of these roles in enhancing the firm’s trading infrastructure. Discover how Herring Global’s new executive team is poised to reshape the digital asset trading landscape with their expertise in technology and compliance. Leadership Changes at Herring Global Signal Growth Ambitions Herring Global has…
Comparison of three-day changes in BTC’s price and Republican election odds between June 1 and Aug. 15 show lack of definitive correlation between the two variables. A lot could change in the coming weeks, according to FalconX. While the popular narrative suggests a strong positive link between bitcoin’s (BTC) recent price performance and Republican candidate Donald Trump’s victory odds in the U.S. presidency rate, market data suggests otherwise. Since Trump’s mid-June meeting with bitcoin miners, crypto market experts have consistently associated the Republican candidate’s performance on betting markets with bitcoin’s price. The narrative strengthened after Trump survived an assassination attempt…
In the last 30 days, Ethereum has suffered a decline of over 22.6%. In the latest market cycle, this cryptocurrency could not perform as well as Solana and Bitcoin. In the last 7-days, the price of Bitcoin has seen a rise of nearly 4.4%, and Solana has witnessed a hike of at least 0.4%. Among the top five cryptocurrencies by market cap, Ethereum is the crypto that has marked the highest fall in the last 30 days. Does it sound odd? Let’s see what experts have to say about this. Ethereum’s Underperformance: A Few Key Observations by Experts Earlier, it…