Author: NBTC
Ripple Labs CEO Brad Garlinghouse has been listed as one of the participants at the World Economic Forum (WEF) event on January 18. As detailed on the WEF website, the event is based on the topic: “Clear-Eyed about Crypto” and will also feature other innovators in the broader financial and crypto ecosystems. Among the big names listed include Grayscale Investments’ CEO, Michael Sonnenshein, and Daniela Stoffel, the State Secretary for International Finance, Federal Department of Finance (FDF) of Switzerland. Enlisting Ripple Garlinghouse as a speaker at this event is a big recognition of not just the firm’s wins but also…
In a recent development, the Shiba Inu token has witnessed an astonishing surge, rocketing an eye-popping 296% in on-chain activity within the past 24 hours. Data provided by IntoTheBlock reveals a sudden influx of significant transactions involving SHIB, propelling the cryptocurrency into the spotlight once again. The volume of these substantial transactions has skyrocketed from 1.92 billion to an unprecedented 5.68 trillion tokens, resulting in a remarkable surge in USD value from $17.32 million to $52.32 million. It is noteworthy that IntoTheBlock’s analysis focuses solely on transactions exceeding $100,000, with 68 such transactions recorded over the past day, a stark…
Ethereum price climbed higher above the $2,350 resistance. ETH outpaced Bitcoin and might even attempt a clear move above the $2,400 resistance. Ethereum is attempting a fresh increase above the $2,350 resistance level. The price is trading above $2,320 and the 100-hourly Simple Moving Average. There is a key rising channel forming with support near $2,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh surge if there is a close above the $2,400 level. Ethereum Price Starts Increase Ethereum price formed a base above the $2,220 level and started a fresh increase.…
The influx of investment products into digital assets amounted to $1.18 billion. Despite the launch of the Bitcoin ETF, capital inflows of $1.18 billion did not break the October 2021 record of $1.5 billion, according to a CoinShares report. At the same time, trading volumes have broken records, with trading volume of $17.5 billion last week, the highest ever, compared with an average of $2 billion per week in 2022. These trading volumes accounted for almost 90% of the daily trading volumes on trusted exchanges on January 12. Geographically, experts added that in the United States last week there was…
Vitalik Buterin, one of the most influential leaders in the cryptocurrency world, has been on the agenda lately by talking about a number of important projects. Here’s a summary of the major projects he highlights: Farcaster Powered by a16z, Coinbase, and Multicoin, Farcaster has seen rapid daily active user growth and positive reviews for its recently released Frames feature. Although it does not yet have a token, anticipation of an airdrop has led to a significant increase in the price of related NFTs. Bittensor (TAO) Bittensor (TAO), powered by Polychain, was introduced by Vitalik as a good example of the…
Legendary trader Peter Brandt has once again come out against Ethereum (ETH) in a bid to reinforce his beliefs that the digital currency has a bearish future. The Weak Ethereum (ETH) Price Chart According to a post on X, Peter Brandt noted his bias on Ethereum, adding that he believes a short position on X is the best approach at this time. Peter Brandt noted that he is a swing trader and not a HODLer, discounting any indication that he may be holding Ethereum (ETH) in particular for the long term. Peter Brandt’s post was accompanied by a price chart…
Over 50% of cryptocurrencies listed on CoinGecko since 2014 have died, with 2021 projects experiencing the highest failure rate, research indicates. Recent data compiled by CoinGecko showed that more than half of the cryptocurrencies ever listed on the platform since 2014 have died. According to the report, out of the 24,000 cryptocurrencies, a staggering 14,039 are now defunct. The majority of these deceased digital assets emerged during the 2020-2021 bull run, CoinGecko says, adding that a substantial 53.6% of the dead cryptocurrencies, totaling 7,530 projects, originated at the time. The preceding bull run in 2017-2018 saw over 11,000 projects listed,…
IOTA technology is revolutionizing the fight against product piracy through a new ZF Group patent. This innovation promises enhanced traceability and verification in supply chains, ensuring product authenticity. According to Fraunhofer researchers, product piracy significantly harms manufacturers, consumers, and economies. It leads to lost market share and reputational damage for producers, while consumers risk using unsafe, inferior products. The broader impact includes reduced investment, job cuts, and lower tax revenues, weakening economic stability. In tackling this issue, IOTA technology offers a promising solution, as demonstrated by a new patent from ZF Corporation, a global leader in automotive and industrial technology.…
Crypto markets have fallen over the past 24 hours following the SEC’s X account hack and the fake news announcement about spot Bitcoin ETF approvals. However, there is one crypto asset that is bucking the trend and has benefited from the fiasco — Ethereum. Ethereum prices closed in on yearly highs just as Bitcoin and the wider crypto market retreated in the wake of the SEC social media account hack. Ethereum Price Shows Resilience Amid Market Volatility On January 10, crypto derivatives provider Greeks Live reported that the SEC’s fake news farce caused significant volatility in Bitcoin markets. “The drama…
Bitcoin, which rose to $48,000 last week, fell to $41,000 due to the sales pressure it experienced. While BTC is currently trading at $42,000, CoinShares published its weekly cryptocurrency report and said there was an inflow of $1.18 billion last week. “Cryptocurrency investment products saw inflows of $1.18 billion after the spot Bitcoin ETF approval launch last week, but this did not break the record set at the launch of futures-based Bitcoin ETFs.” When looking at crypto funds individually, it was seen that the majority of fund inflows were in Bitcoin. While BTC experienced an inflow of $1.14 billion last…