Author: NBTC
On-chain data shows the largest of the Ethereum whales have continued to buy more recently as their supply sets another new all-time high. Largest Ethereum Wallets Have Been Rapidly Accumulating According to data from the on-chain analytics firm Santiment, the largest non-exchange Ethereum wallets have continued to show some rapid accumulation recently. The relevant indicator here is the “supply held by top non-exchange addresses,” which keeps track of the total amount of Ethereum that the 150 largest self-custodial wallets are carrying in their combined balance right now. Naturally, the 150 largest non-exchange wallets would belong to the top whale entities…
Cleveland Federal Reserve President Loretta Mester said Thursday that it is probably too early for the central bank to cut its policy rate in March. This statement comes in light of the difficult course of inflation on its way back to the Fed’s 2% target rate, as reflected in the latest Consumer Price Index (CPI) figures. “I think March is probably too early for a rate cut because I think we need to see some more evidence,” Mester said in an interview with Bloomberg TV. “I think the December CPI report shows that there is still a lot of work…
Dogwifhat (WIF), a meme coin based on the Solana (SOL) blockchain, has experienced a sudden surge of 30% in its price in the last 24 hours. WIF reached intraday highs of $0.2356, maintaining its rise from the previous day’s low of $0.17. At the time of writing, WIF was up 30% in the last 24 hours to $0.233. The price increase coincides with positive sentiment in the crypto market, as Bitcoin and other major coins also saw gains. Likewise, another possible reason might be the WIF listing on major crypto exchange Bitfinex. Bitfinex announced the listing of WIF in a…
1. Bitcoin: If it closes above $48,200, it may reach $50,777.2. Caution: Investors should be wary in the $50,777 – $52,000 range.3. Spot Investing: Corrections expected before considering spot investments. Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 – $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments. Medium Term BTC Analysis 3-Day BTC/USD Price Chart When examining the Bitcoin price chart, Bitcoin is currently trading at $48,400. If BTC closes daily candles above $48,200, it may…
An Ethereum (ETH) whale has started accumulating a large quantity of the coins, signaling a potential bullish outlook for the coin in the mid-term. Just like Bitcoin (BTC), Ethereum is currently in a recovery mode following the meltdown the market recorded earlier this week. The selloff Ethereum experienced pushed its price to a low of $2,181 before bouncing back to $2,236.77 which it currently trades at. Ethereum’s recovery was signaled by the reduced selloff with the rate of growth in price and market capitalization staying at 0% in the past 24 hours. Insight Into the Whale Ethereum Accumulation According to…
Recently, Axel Bitblaze, a crypto investor and NFT enthusiast, has drawn attention with his unique approach to airdrop farming on X. This strategy, while lucrative for some, carries inherent risks and showcases the complexity of maneuvering in the decentralized finance (DeFi) landscape. Airdrop farming involves actively seeking and accumulating tokens distributed free of charge to holders of specific cryptocurrencies. These airdrops, typically part of marketing strategies or rewards for existing users, have become popular in the DeFi sector. Investors engage in various activities to maximize their collection of these tokens, often employing tactics like using multiple addresses or engaging in…
Polygon Labs, the infrastructure team behind the Polygon ecosystem, has revealed its latest innovation — a Polygon zero-knowledge Ethereum Virtual Machine (zkEVM) Type 1 prover. Provers on the blockchain are computational entities that attest to whether or not a piece of information is accurate without revealing the underlying data. These provers create “proofs” that are then validated by verifiers. A Type 1 prover indicates the highest level of compatibility with the Ethereum blockchain. This means that it does not need to change any part of Ethereum in order to generate a proof. This includes storage structure, hash functionality or any…
Bitcoin (BTC) is currently striving for a sustained rally as it seeks a new all-time high following a period of volatility at the beginning of the year. Notably, Bitcoin has set its sights on the $50,000 mark, with market players highlighting the recently approved spot exchange-traded fund (ETF) and the upcoming halving as key catalysts. In this context, Hunter Horsley, the CEO of the crypto index fund manager Bitwise Invest, suggested that 2024 is poised to unveil the true valuation of Bitcoin in the capital markets. In an X (formerly Twitter) post on February 9, Horsley noted that the advent…
A concerning percentage of Ethereum’s blockchain censors participation according to US sanctions. Data compiled by Labrys and Rated Network suggests that approximately 42% of blocks since Ethereum’s September 15, 2022 Merge from proof-of-work to proof-of-stake have sanctioned the wallets on the Specially Designated Nationals List. Earlier this week, the figure reached nearly 50%. The Office of Foreign Assets Control (OFAC), an enforcement agency of the US Treasury Department, maintains this list. Unlike permissionless crypto networks like Bitcoin which allow any user to broadcast any transaction for inclusion in an upcoming block, OFAC-compliant relays on Ethereum censor wallet addresses that appear…
Southeast Asia fintech startup Salmon has become a licensed bank in the Philippines after it acquired a controlling interest in a local bank in Laguna. Salmon announced that the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has allowed the company’s acquisition of the controlling interest in the Rural Bank of Sta. Rosa, a well-respected licensed financial institution serving Filipino communities since 1963. Salmon will own 59.7% of the bank upon the completion of its transaction, which is expected to conclude in the coming weeks. The license enables Salmon to offer artificial intelligence (AI)-centric consumer credit and debit products…