Author: NBTC
The extradition of disgraced Terra (LUNA) founder Do Kwon to the US and South Korea has been accredited by a courtroom in Montenegro. In a brand new press launch, the Increased Court docket of Podgorica has dominated that the authorized necessities wanted for extraditing Kwon to the US and South Korea have been met. “It was established that the authorized conditions for the extradition of the citizen of the Republic of South Korea, the defendant KDH (Do Kwon), have been met, on the request of the Ministry of Justice of the Republic of Korea dated March 29, 2023… The identical…
KuCoin Labs, KuCoin’s investment wing, intends to make a prudent investment in Dovi. This demonstrates its awareness of the Bitcoin ecosystem and its long-term commitment to blockchain technology. Dovi is involved in setting up inventive services for Bitcoin Layer 2 and has plans to maximize user exposure and transaction effectiveness in the BTC ecosystem. The investment that KuCoin Labs intends to make can be interpreted as an endorsement of Dovi’s prowess and an important development within the Bitcoin ecosystem. In the words of the Head of KuCoin Labs, Lou Yu, the company will support Dovi in every aspect of growth,…
The Ethereum price has been among the worst hit in the flash crash that took place on Monday. The crash sent the asset’s price down below $2,200 for the first time in the last week and has continued to trend low around this point. As the market shows a bit of recovery momentum, questions remain about what could have triggered the crash. Ethereum Price Fell Because Whales Have Been Selling One of the most obvious causes of the flash crash that affected the Ethereum price is the fact that large holders have been selling. This month, ETH hit its highest…
Bitcoin’s historic rise can be traced back to how it has gained momentum in the last 12 months. The token is up by 144.69% at the time of drafting this article, with speculation that BTC would soon surpass the $65k mark. However, it is subjected to a volatility factor, which adds worries to investors irrespective of their original goals. BTC’s price was dancing around $44k, but it is now down to around $42k. Although this development does not impact long-term accumulators, short-term traders are undoubtedly examining their graphs to determine the break-even point and the time required to execute a…
Over the past 24 hours, the cryptocurrency market has witnessed Bitcoin consolidating its position in the digital financial space. Amidst a wider cryptocurrency selloff, Bitcoin offered yet another example of its infamous volatility, plunging sharply toward the $40,000 region. The leading cryptocurrency saw an 8% decline to $41,900 before reversing part of the losses and opening Monday’s trading 5% down at $42,090. Bitcoin Momentum Could Lose Steam CoinGecko’s price updates show that Bitcoin has only shown slight variations over this period, indicating that it is in an equilibrium phase after its recent price spikes. The subtle fluctuations in the price…
In this exploration, we tackle the critical question: Will Ethereum recover? We’ll look at Ethereums future and analyze ETH’s present market status, potential for resurgence, the anticipated impact of the progress on Ethereum 2.0, and share expert price predictions. Will Ethereum Recover? Analysis The question “Will Ethereum recover?” depends on numerous factors. As of November 2023, Ethereum has shown signs of rebounding from its 2022 lows, suggesting a potential bottoming out. Key developments like the transition to Proof-of-Stake and the introduction of EIP (Ethereum Improvement Proposal) 1559, launched all the way back in August 2021, which brings deflationary pressure on…
Recent patterns indicate that the impetus fueling Ethereum’s climb is far from diminishing, and the price trajectory of the cryptocurrency has shown resilience. Ethereum may not be as advanced as some of its L1 competitors, but it stands out from the crowd thanks to its large developer community, immense acceptance, and crucial role in DeFi and other blockchain-based applications. Ethereum Remains Firm At $2,347 At the time of writing, ETH was able to keep a strong footing at the $2,300 level, trading at $2,347, nearly unchanged in the last 24 hours, but tallied a 10% increase in the last seven…
On-chain data has revealed an increasing sentiment of holding Bitcoin among investors. Bitcoin has been on a roll since the start of the month, pushing its price to new yearly highs. At the same time, exchange data from CryptoQuant reveals that the crypto might be gearing up for a sustained bull run. According to the on-chain analytics platform, Bitcoin’s exchange supply, the amount available for purchase on exchanges, has dropped to its lowest levels since 2017 Exchange Supply Drops To Lowest Level In Six Years The Bitcoin market is flashing a bull signal that correlates with anticipation of spot Bitcoin…
The previous chief govt of Binance, the world’s largest crypto change platform by quantity, is difficult the US authorities’s movement to reverse his bail circumstances. In a brand new court docket submitting, Binance CEO Changpeng Zhao argues that he’s not in danger for skipping court docket regardless of being a citizen of two different nations, together with the United Arab Emirates (UAE). Final week, the prosecutors within the case claimed that Zhao – who pleaded responsible to expenses of failing to take care of ample correct anti-money laundering protocols for Binance – is a considerable flight threat and shouldn’t be…
While the recent Bitcoin and crypto momentum is cooling off, Ethereum (ETH) rejects lower lows, especially against Bitcoin (BTC). Taking to X on December 8, decentralized finance (DeFi) researcher DefiIgnas shared insights that suggest ETH could be on the verge of a rally that would potentially see the second most valuable coin usurp BTC’s current position as the best-performing asset. Reasons That Might Drive Ethereum Bulls The researcher observed that ETH is down 24% versus BTC in 2023. However, multiple fundamental indicators show that this is about to change. First, DefiIgnas noted that crypto investors are increasingly drawn to discounted…