Author: NBTC

Real Vision analyst Jamie Coutts believes Ethereum (ETH) could be on the cusp of a massive rally based on several market conditions. Coutts says on the social media platform X that momentum is building in the crypto space which could signal that the smart contract platform is about to surge. However, the analyst warns that ETH’s network activity needs to see a significant increase before an uptrend is ignited. “While the conditions for a rally are forming, Ethereum will struggle to rally without a resurgence in activity. Fees are at four-year lows. On the positive side: Layer-2 (L2) adoption has…

After Spot Ethereum ETF approval, the first applications for Solana ETFs have arrived. VanEck made the first application for Solana (SOL), followed by 21Shares. A New SEC Chairman Needed for Solana ETF Approval! While uncertainty regarding SOL ETFs continues, VanEck Head of Digital Assets Research Matthew Sigel said the company’s Solana ETF approval is up to the SEC Chairman. Speaking to Bloomberg, Matthew Sigel stated that SOL ETF approval depends on the appointment of a new SEC chairman after the US elections in November. Pointing out that at this point, there is another obstacle for SOL ETFs other than the…

The SIC’s notification against Worldcoin consists of a first act of indictment that is initiated without formal accusation The accusation also includes Tools for Humanity, the company behind Worldcoin. The SIC could impose economic sanctions and apply the temporary or definitive closure of Worldcoin in Colombia. Colombia’s Superintendence of Industry and Commerce (SIC) has accused the decentralized identity project Worldcoin and the company behind it, Tools for Humanity, of alleged violations of the personal data protection regime, the agency said in a statement released Tuesday. The SIC’s notification against Worldcoin consists of a first act of indictment that is initiated…

Binance CEO Richard Teng has spoken up against a growing community concern that Binance is sanctioning Palestinian accounts at the behest of Israel. According to a letter circulating on X social media, there were claims that Binance complied with requests to freeze the accounts of “all Palestinians.” Binance CEO shed true light Shedding light on what truly happened, Richard Teng said the circulating news was mere FUD. He claimed that only a limited number of users were impacted, and that these accounts were linked to illicit transactions. FUD. Only a limited number of user accounts, linked to illicit funds, were…

Floki Trading Bot enables quick token purchases on BNB, Ethereum, and Base via Telegram, reducing slippage and delays. Multi-chain support in Floki Trading Bot allows seamless token trades across blockchains with integration to top DEX aggregators. Floki Trading Bot offers exclusive rewards, including token allocations and incentives, alongside a referral program for users. The Floki Trading Bot, a new tool simplifying token trading, has officially launched on the mainnet across major EVM chains, including Binance Smart Chain (BNB), Ethereum, and Base. Designed to eliminate the delays and slippage common in decentralized exchanges (DEXs), this bot provides a quicker and more…

While Bitcoin and altcoins started the day with a decline, BTC fell below $ 61,000 again. While this decline in BTC also affected altcoins, whales also went into selling mode. Corporate Whales Switched to Sales Mode! According to first shared by on-chain analyst The Data Nerd, Galaxy Digital deposited $14.72 million worth of Avalanche (AVAX) to Binance. Accordingly, an address from Galaxy Digital deposited 520,000 AVAX ($14.72 million) worth $14.72 million to Binance. Previously, this address, owned by Galaxy Digital, deposited 498 BTC.B and borrowed 520,000 AVAX on the AAVE lending protocol. While institutional investors’ sales continue, important market maker…

The founder of Miami-based crypto project CluCoin has pleaded guilty to stealing over $1 million from investors and spending the money at online casinos. According to court documents filed in a Florida court last week, CluCoin’s founder – 40-year-old Austin Michael Taylor of Maryland – admitted to regularly transferring funds earmarked for CluCoin-related projects to his own personal crypto wallets and then transferring them to online crypto casinos. Taylor founded CluCoin in the spring of 2021, marketing the project to his “large Internet following” as a streamer as a way to fund charities. After CluCoin’s subsequent ICO that May, the…

WazirX has filed an application with the Singapore High Court for a moratorium. The plan proposes to alloocate the impact from the cyberattack pro-rata across users. Indian cryptocurrency exchange WazirX has asked the Singapore High Court for six months to restructure its liabilities, it announced on Wednesday. WazirX lost $230 million to a hack in July. The move initiates an automatic moratorium of 30 days. A date for the hearing in which the court will decide whether to grant the moratorium has not yet been scheduled. Co-founder Nischal Shetty submitted an affidavit to support the application under the name of…

Doom on Hydra has processed more transactions after a few days of launch than the Cardano network has in its history. The launch of the popular 1993 game Doom on Cardano’s layer 2 scaling solution Hydra has gained traction. Algorand’s chief technology officer, John Woods, was among those impressed by the game’s performance, as he commended the integration in a tweet on Sunday. After much teasing, Doom played on Cardano’s isomorphic state channel, Hydra, for the first time on August 16. The adventurous game, which features a first-person shooter, debuted on Hydra at the Rare Evo event in Nevada. Every…

Bitcoin is trying to recover from the sharp decline it experienced in August, when it fell below $50,000. At that point, BTC rose above $60,000 but failed to hold on there. BTC, which last rose above $60,000 over the weekend, faced a strong rejection and fell back to $58,000 levels. While this decline has made investors nervous about further declines, Deribit warned of further declines in Bitcoin. Cryptocurrency options exchange Deribit said in its latest report that Bitcoin struggled to break out of the $61,700 resistance level but failed to do so, adding that there were signs of further declines.…