Author: NBTC
A crypto whale transferred 12,000 ETH to Binance on Wednesday, according to Lookonchain. Ether rose 11% on Wednesday despite regulatory concerns. The options market remains more bearish on ether than bitcoin. An investor holding a large amount of ether (ETH), a so-called whale, who began trading the Ethereum blockchain’s native token in 2017 moved a large chunk of it to crypto exchange Binance on Wednesday, in a possible precursor to liquidating the holding. Roughly 18 hours ago, the address x50b42514389F25E1f471C8F03f6f5954df0204b0 transferred 12,000 ETH (worth $42.8 million at the time) to Binance, according to blockchain sleuth Lookonchain. That’s about 0.01% of…
In an exciting development, the second most popular meme cryptocurrency Shiba Inu has staged a substantial growth in the amount of SHIB that have been locked in unspendable wallets since last morning. In the meantime, the SHIB price has attempted to recover after the recent decline. SHIB burns jump by 103.45% Shibburn meme crypto tracking platform has revealed data about the Shiba Inu burns that have taken place within the period of the last 24 hours. These figures have revealed that the SHIB community has succeeded in burning a total of 34,681,610 SHIB, increasing the burn rate by 103.45%. Burning…
Iceland’s Prime Minister highlights the need for food security, potentially diverting energy resources away from Bitcoin mining. This decision reflects growing concerns about energy consumption associated with cryptocurrency mining operations. Iceland’s shift could signal a broader trend of governments prioritizing essential needs over crypto energy demands. Iceland’s focus on food production could impact Bitcoin’s energy footprint. Analysts weigh in on the potential implications for cryptocurrency markets and the debate surrounding energy-intensive crypto operations. Iceland’s Energy Shift: Food Over Bitcoin Iceland’s plans to prioritize food production over Bitcoin mining could have far-reaching implications for the cryptocurrency sector. Amidst global concerns about…
The financial sector is witnessing a transformative era as blockchain technology, smart contracts, and the tokenization of assets gain traction among industry leaders. A recent report by SWIFT highlighted that roughly 97% of institutional investors view tokenization as a game-changer for the asset management sector. This innovative approach to capital markets infrastructure and institutional workflows is set to redefine traditional processes, offering a glimpse into the future of finance. In this evolving landscape, a noteworthy collaboration between Australia and New Zealand Banking Group (ANZ) and Chainlink Labs has come to light, showcasing the integration of blockchain technology in the global…
A cryptocurrency strategist is forecasting the path forward for Bitcoin (BTC) after a double-digit rally over the past couple of days. The crypto analyst pseudonymously known as Rekt Capital tells his 59,700 YouTube subscribers that as the halving scheduled for April approaches, Bitcoin’s current price performance appears to be more bullish than in previous pre-halving periods. “When we look at historical performances in the 60 days before the halving, we tend to see pre-halving rallies. And this is a pre-halving rally as well. But the point is here that this is overperforming, this is outperforming.” Source: Rekt Capital/YouTube According to…
As the larger part of the cryptocurrency sector starts to return to its previous bullish trend, Ethereum (ETH) has been among the trendsetters, showing signs of more impressive gains in the future despite the increased regulatory compliance scrutiny from the United States Securities and Exchange Commission (SEC). Indeed, Ethereum holding the area at above $3,500 could help it skyrocket to $5,000 and more “soon enough,” despite the “classic ‘vaguely worded [fear, doubt, uncertainty, or] FUD’ while at support, according to an X post by pseudonymous crypto analyst CryptoJelleNL published on March 21. Ethereum price prediction amid scrutiny As it happens,…
The price of XRP in the XRP/USDC pool has dropped to $0.34 worth of USDC, as market participants continued to make single side deposits shortly after the XRPL AMM launched. The XRPL ecosystem has finally welcomed a native automated market maker (AMM) functionality after two years of exploring the idea. While the advent of the AMM presents immense opportunity for market participants and builders alike, its risks are worth considering. One such risk comes from single-sided deposits to liquidity pools, which could drastically impact the price of one of the pool’s assets. Data spotlighted by XRPL validator Vet indicates that…
On-chain ticketing platform OPEN announced its launch aimed to improve efficiency in the $85 billion global ticketing industry through blockchain. Backed by Animoca Brands, Merit Circle, Redbeard Ventures, and the Tezos Foundation, OPEN offers ticketing infrastructure and tools running on Polygon, Base Layer, Solana, and Tezos blockchains to restore control to event organizers, artists, and fans. OPEN shares in the announcement that ticketing is the next big industry for true disruption by the Web3 and real-world assets (RWA) approach, and on-chain ticketing is the number one Web3 onboarding method for mainstream consumers. The company also revealed the launch of its…
Julio Moreno, the Head of Research at Cryptoquant, has noticed a surge in demand among Bitcoin holders. He has found that data from Cryptoquant reveals an all-time-high inflow of Bitcoins into addresses that only receive but never spend, also known as accumulation addresses. Latest on #Bitcoin 🧵:There’s record high demand as seen in record-high inflows into accumulation addresses (addresses that only receive Bitcoin and never spend). pic.twitter.com/JsFCQJYbhp — Julio Moreno (@jjcmoreno) March 2, 2024 In a recent post on X, Moreno shared how Bitcoin inflows into accumulation addresses increased significantly during the recent Bitcoin rally. However, he also noted that…
Following a notable rejection at the substantial $4K price level, Ethereum underwent a corrective phase, experiencing a significant 25% decline. However, as the price neared the significant support of the 0.618 Fibonacci level, a rebound occurred, suggesting the potential for an impulsive surge. By Shayan The Daily Chart A comprehensive analysis of the daily chart reveals a prevailing bullish sentiment surrounding Ethereum, with the price briefly surpassing the critical and psychological resistance at $4K. However, upon reaching this crucial level, the price encountered intensified selling pressure, resulting in a significant retracement towards the substantial support zone, delineated by the price…