Author: NBTC

Recent data indicates a potentially significant shift in Ethereum’s market dynamics, as current funding rate data shows patterns similar to those observed before past price surges. This period of relative calm in the funding rates could be setting the stage for substantial price movements. Looking at the previous years for Ethereum, it has gone up in price at similar phases of low funding rates. As CryptoQuant data shows, the latest numbers indicate an emerging trend that Ethereum could be moving to a significant market shift. #Ethereum: Watch Out for the 0.015 Point in Funding Rates”Ether’s funding rate to rise above…

Tron (TRX) has emerged as the most popular crypto asset in recent days after experiencing a notable price increase. Tron Rises as Top Trending Crypto Asset After Memecoin-Inspired Surge This increase is largely attributed to the launch of SunPump, a new memecoin distributor that was launched on August 12. Since its launch, over 7,000 new tokens have been created on the Tron network, increasing TRX’s market cap by 22% and pushing its price to a peak of $0.166 earlier today. Factors That Increase Tron’s Success Increased Network Activity: Tron has witnessed a significant increase in network activity, primarily due to…

CoinFlip has partnered with prominent convenience store chain Yesway to deploy cryptocurrency ATMs across its shops in the United States. CoinFlip announced on Sept. 12 the deployment of its digital currency kiosks, commonly referred to as “bitcoin ATMs,” to 45 Yesway and Allsup store locations across the U.S. states of Texas, South Dakota, New Mexico, Wyoming, and Iowa. Yesway, one of the fastest-growing convenience store chains in the U.S., operates over 435 locations across nine states. The company includes two brands: Yesway and Allsup’s, which became part of its portfolio following a 2019 acquisition. The partnership aims to provide Yesway…

Amid the battering the crypto market has received on Monday, Bernstein said Q3 for Bitcoin will be heavily influenced by macroeconomic factors and political developments. “Overall, the Bitcoin and crypto market will likely trade off macro and election cues for most of Q3, 2024,” the Bernstein analysts wrote in a note Monday morning, highlighting the interconnectedness of digital assets with broader economic and political trends. The report notes that BTC experienced a significant correction over the weekend, continuing the bloodbath on Monday, attributing it to “fears in equity markets” and wider economic concerns, rather than crypto-specific issues. Despite the recent…

An unknown whale address moves 200,000 Ethereum (ETH) worth around $469 million from the Arbitrum network to crypto exchange Binance. Blockchain tracker Whale Alert identified the movements, which occurred across six transactions over the past 24 hours. The transactions involved transferring the assets from Arbitrum through the Arbitrum Bridge to the Ethereum network, and then moving them to exchanges. Details of the Ethereum Transactions In the first documented transaction, the whale wallet in question, 0xe…abb, withdrew exactly 80,000 ETH tokens ($188.5 million) from the Arbitrum network to Ethereum, transferring them through the Arbitrum Bridge yesterday at 13:38 UTC. Whale Alert…

Kamala Horris (KAMA) meme coin has plummeted nearly 25%, even as reports circulate that Vice President Kamala Harris may support pro-crypto legislation. The potential shift follows intense criticism of the Democratic National Convention’s platform, which notably excluded any mention of cryptocurrencies. As the US presidential elections approach, cryptocurrencies are becoming increasingly central to political discussions. Both major parties are beginning to acknowledge that crypto-focused voters could significantly influence the upcoming November election. Kamala Harris to Support Pro-Crypto Legislation Brian Nelson, a senior advisor on Vice President Harris’ campaign, revealed that she plans to support pro-crypto policies if elected. The move…

Hong Kong-based crypto exchange OSL is set to rebrand as part of its global expansion plans. In a press release shared with crypto.news, OSL announced a partnership with Pentagram, a multinational design consultancy, to lead a “strategic brand refresh” in a bid to help OSL reach broader markets as it continues to scale its services within the digital asset space. Pentagram, known for its work with brands such as Citibank, Mastercard, Reddit, and Slack, brings over 50 years of experience in creating brand identities. The consultancy will support OSL in creating a brand presence that stands out in a competitive…

Bitcoin’s price reached a five-month low, dipping to $49,647 at 2:25 a.m. EDT on Monday, Aug. 5. This decline is fueled by growing concerns about an impending recession, with Japan’s Nikkei experiencing its steepest daily drop since ‘Black Monday’ in 1987. Futures for the Dow, Nasdaq, and S&P 500 have also shown signs of correction, signaling that when U.S. markets open, a significant downturn is likely in the cards. Bitcoin On August 5, 2024, bitcoin’s price action displayed significant bearish momentum across multiple timeframes. Despite attempts at consolidation around the $50,000 mark, technical indicators suggest that further downside could be…

As Cardano gears up for its Chang hard fork scheduled for August 27, the crypto community is filled with excitement and anticipation. The update pushes Cardano into the “Voltaire era,” marking a major step toward fully decentralized community governance. Charles Hoskinson, the co-founder of Cardano, has emphasized the upgrade’s transformative potential. It introduces voting mechanisms, allowing the community to influence the network’s future direction directly. Cardano Competes With Tron to Become the 10th Largest Crypto Named after Phil Chang, a notable figure in Cardano’s early governance, the Chang hard fork will enable advanced participation mechanisms. These include delegating votes and…

Crypto trading platform eToro reached a settlement with the U.S. Securities and Exchange Commission (SEC), significantly reducing its crypto offerings for U.S. customers, according to a Sept. 12 US SEC announcement. As part of the agreement, eToro will now only offer trading in three cryptocurrencies—Bitcoin (BTC), Ethereum (ETH), and Bitcoin Cash (BCH). This decision comes after the SEC accused eToro of operating as an unregistered broker and clearing agency, facilitating the trading of crypto assets that the SEC considers securities. eToro has also agreed to pay a $1.5 million penalty as part of the settlement, signaling its commitment to resolving…