Author: NBTC
Ryan Sean Adams, a crypto investor and a vocal Ethereum supporter, notes that some ETH holders are panic selling and diversifying into layer-1 altcoins like Solana (SOL) or Cardano (ADA), primarily concerned that the coin may not outperform the market as it did in the last bull cycle when it soared to around $5,000. Ethereum Holders Selling For High-Performing Altcoins In an X post on November 16, Adams said price action, despite these actions, might rapidly change even if ETH is no longer a 20-100X coin in the eyes of venture capitalists. The investor compares the current trading atmosphere to 2020,…
Binance Blockchain Week Istanbul 2023 is happening on November 8, 2023, and November 9, 2023. The 2-day event is bringing together experts who hail from different backgrounds. This includes industry leaders, investors, policymakers, and entrepreneurs, among others. The center stage is set for discussing Web3 and onboarding the next billion users. The current edition of the event follows the success that Binance experienced last time in Paris. Some of the notable speakers on the list are:- Yat Siu, the co-founder of Animoca Brands Faruk Eczacıbaşı, the President of the Turkish Informatics Foundation Sebastien Borget, the co-founder of The Sandbox Eowyn…
This yr, the reputed Decentraland Music Pageant is again. Operating from November 16-18, 2023, the occasion lives as much as its repute as a pioneering digital music fest. The theme for this version is ‘Rebirth and Regeneration,’ signaling the competition’s evolution in presenting music and fascinating followers in Decentraland’s digital area. The Evolution of Performances: Emphasizing the Digital Not like its earlier iterations, this yr’s competition turns its consideration from well-known artists, similar to Björk and Ozzy Osbourne, to focus completely on digital performances. This shift showcases Decentraland‘s capabilities to supply distinctive music experiences inside its digital setting. Engineered by…
holoride has come out with its holoride Ethereum Bridge. For the company, MultiversX is their prime hub, and the building of the link with Ethereum is part of their game plan for furthering the holoride universe. According to holoride, their consumers are highly integrated with the MultiversX ecosystem. The link exists for creating enhancements. They intend to provide their consumers with multiple blockchain options. The Ethereum bridge symbolizes their commitment to creating an accessible, adaptable, and healthy ecosystem that every RIDE owner can benefit from. The reason for choosing Ethereum is that MultiversX provides an effective foundation, while Ethereum aids…
The Celestia Foundation recently announced joining hands with the Arbitrum Foundation. The collaboration will see Celestia integrate with Arbitrum Orbit. According to Celestia’s latest post, the network will integrate Arbitrum Orbit and its complete Nitro stack. With this, Celestia has become the first module data availability network to integrate into Arbitrum Orbit. With the integration, developers on Celestia will have the option to publish data to Arbitrum Nova, Arbitrum One, and Celestia. Developers can create their own dedicated orbit chain on Arbitrum Orbit that can settle into one of Arbitrum’s L2 chains. These chains include Arbitrum Sepolia, Arbitrum One, Arbitrum…
The Bitcoin open interest can often be an indication of where the BTC price might be headed next depending on whether or not the metric is rising or falling. This time around, the Bitcoin open interest has risen drastically, hitting 19-month highs in the process. Using historical data, it is possible to extrapolate what this means for the crypto’s price, especially as investors remain very bullish. Bitcoin Open Interest Surges To $17.04 Billion In an interesting turn of events, the Bitcoin open interest has been rising quickly across various exchanges. In the last 24 hours alone, this metric rose by…
Horizen recently announced the launch of its EVM-compatible ecosystem, the Horizen EON mainnet. The launch marks a new milestone in Horizen’s next-gen multichain ecosystem. The announcement was made on the official X/Twitter account of Horizen. The network also released an official post to inform users about the launch. According to the post, the Horizen team is in charge of developing and powering Horizen EON. The EVM-compatible sidechain and smart contracting platform will play a considerable role in Web3. Horizen aims to provide a market-leading solution with a customizable, interoperable, permissionless, multi-chain network. Horizen EON is one of several sidechains for…
The current market condition is split in half; there is speculation about interest rates being maintained and the way in which CPI will be managed. The number for the latter has been reported to be 0.3% for September 2023. The Federal Bank, on the other hand, is showing signs of not raising rates when it meets on the first date of November 2023. The idea is to bring inflation under control; however, the increase or decrease of rates ultimately affects people, especially those belonging to the lower and middle classes. The cryptocurrency market is emerging as a savior for many,…
Justin Sun has published numbers for revenue and profit for the third quarter, with both of them meeting expectations and setting the right tone for the final quarter of 2023. Sun has said that the group has collectively registered an increase of 14% in revenue for Q3-2023. The Justin Sun group has HTX, TRON, TUSD, and Poloniex. The rise is in comparison to the previous quarter, that is, Q2-2023. The community is now confident that better times will come as they move into the next year. As for setting the tone for the fourth quarter of 2023, Justin Sun said…
Glassnode’s latest report analyzes Bitcoin’s price dynamics and discloses insights that could enhance your investment strategies. Glassnode’s in-depth analysis focuses on capital rotation in digital assets, an essential factor nobody pays attention to. This report introduces strong indicators to decode Bitcoin price movements. Whether you’re a seasoned trader or a novice investor, these findings are your key to unlocking the full potential of your Bitcoin holdings. Are you making the most of your Bitcoin investments, or have you ever considered Bitcoin mining’s possibility to gain massive profits? Let’s dive a bit deeper into what determines the price of Bitcoin and…