Author: NBTC

The present market analysis of Bitcoin indicates a predictable pattern. Doctor Profit, a prominent Bitcoin analyst on X, has recently published an analysis report that disclosed Bitcoin’s price movement between the range of $72,000 as well as $56,000-$57,000. The analyst noted that the basis for this price range includes the chief Fibonacci resistance levels established liquidity points, and moving averages. As per Doctor Profit, this offers a dependable agenda for traders. #Bitcoin – What’s Next?The big Sunday report, all you need to know:🚩 TA/LCA/Psychological Analysis: When it comes to the market, there are no such words as “market moves unexpectedly.”…

Just yesterday, the price of Dogecoin (DOGE) was rising, and whales were stuffing their bags with the popular meme cryptocurrency, as today the situation has changed dramatically. As indicated by on-chain data from IntoTheBlock, the netflow of DOGE to wallets of large holders has decreased from 369.46 million tokens to -88.01 million. To put this into perspective, in the past 24 hours, 457.47 million DOGE, which is equivalent to around $46 million, has flowed out from the wallets of big holders. As a general rule, any holder with more than 0.1% of the circulating supply is considered a large holder,…

The U.S. Department of Justice (DOJ) has sentenced 12 individuals for a series of violent home invasions aimed at stealing over $3.5 million in cryptocurrency. The group’s leader received 47 years in prison, while his accomplice was sentenced to 20 years. “The victims were held at gunpoint in their home,” the DOJ stated, adding that a man “was abducted, held hostage, and beaten, before the man was found by law enforcement 120 miles from his home.” DOJ Sentences 12 for Cryptocurrency Robberies Across Multiple States The U.S. Department of Justice (DOJ) announced on Friday that 12 defendants were sentenced for…

In April, pseudonymous researchers Mononaut and 0xB10C confirmed a long-held suspicion that Bitmain influenced a concerning percentage of the bitcoin mining network. Today, follow-up research confirms the sway of Bitmain over ‘proxy’ mining pools. Although bitcoin miners are technically able to switch mining pools as they wish, this research reveals that as a practical matter, many of them rarely if ever switch away from Bitmain-led work templates. A detailed follow-up analysis applied a weighted similarity score of transaction ordering and block templates across 37% of Bitcoin’s hashrate. The analysis revealed that many supposedly independent mining pools are mostly passing along…

According to IntoTheBlock data, PEPE is experiencing a 109% increase in large transaction volume, which indicates whale activity. According to IntoTheBlock data, PEPE’s large transaction volume reached $71.19 million in the last 24 hours, a 109.81% increase from the previous day. IntoTheBlock classifies large transactions as those involving transfers of more than $100,000. Large Transaction Volume estimates the total amount traded by whales and institutional participants on a given day. Increases in large transaction volume frequently indicate considerable activity among institutional players, whether buying or selling. The day before saw major listings for PEPE. Yesterday, Upbit, South Korea’s largest cryptocurrency…

An Indian High Court has ruled that police cannot freeze entire bank accounts during fraud investigations. Only fraud-related amounts in bank accounts can be frozen. The decision followed a case where an account was frozen due to a cryptocurrency investigation. The court stressed that freezing accounts entirely disrupts livelihoods and called on investigative agencies to inform both account holders and the courts. Indian High Court Restricts Freezing of Entire Bank Accounts in Fraud Probes The Madras High Court of India has ruled that police cannot freeze entire bank accounts during financial fraud investigations; only the amount involved in the alleged…

Shibarium, Shiba Inu’s layer-2 network, has recorded a 1,538% increase in daily transactions, according to the most recent data. On Tuesday, Shibarium recorded 28,680 transactions. This represents a massive jump compared to the 1,740 transactions the network logged on Thursday. The Shibarium network, which was launched last August, has now processed more than 416 million transactions. Shibarium’s transaction growth has been rather stagnant since April. After the recent uptick, it remains to be seen whether the network will be able to break its multi-month streak of languishing. Last December, for comparison, Shibarium was experiencing abnormal activity, roughly more than seven…

In July 2024, the U.S. Supreme Court’s decision in Corner Post, Inc. v. Board of Governors of the Federal Reserve System expanded the ability of plaintiffs to sue federal agencies. The Court ruled that the statute of limitations to challenge an agency action starts when the plaintiff is harmed, not when the action occurs. Justice Amy Coney Barrett’s decision extended the timeframe for companies to file lawsuits against regulations, allowing challenges long after the rules are issued. However, Senate bill 4751, the Agency Stability Restoration Act of 2024, sponsored by Sen. Chris Coons (D-DE), aims to limit this by setting…

Bitcoin price declined further below the $55,000 support zone. BTC is down over 15% and might even slide toward the $50,000 zone. Bitcoin gained bearish momentum below the $56,500 and $55,000 support levels. The price is trading below $55,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $56,700 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start a decent recovery wave if it clears the $58,000 resistance zone. Bitcoin Price Nosedives Bitcoin price extended losses below the $56,500 support zone. BTC even traded…

Decentralized finance (DeFi) project Solana (SOL) has gained attention for its speed and scalability. However, recent analyses have revealed a critical issue affecting the platform: an alarmingly high rate of failed transactions. In particular, a detailed analysis by a Cardano (ADA) developer using the pseudonym Dave, shared in an X post on August 19, revealed that nearly 93.89% of all transactions executed via the Chainlink Data Store Program on Solana failed in the last 30 days. This equates to approximately 127.13 million failed transactions compared to only 8.28 million successful ones. What’s striking is the financial burden these failures impose…