Author: NBTC

The Fear & Greed Index for Bitcoin, the leading cryptocurrency, has plunged back into “extreme fear” territory with 25 points out of 100. This came after the cryptocurrency plunged to an intraday low of $58,134 on Monday on the Bitstamp exchange. More than $123 million worth of long positions have been liquidated, according to CoinGlass data. As reported by U.Today, Bitcoin endured a massive crash last Monday, collapsing all the way to $49,557 on the Bitstamp exchange. This was due to contagion from global stock markets. However, the leading cryptocurrency managed to recover in mere days in tandem with global…

Injective has introduced a new tokenized index for BlackRock’s BUIDL Fund, enabling users to track the fund’s supply. According to a statement from Injective (INJ), this index is the first perpetual market of its kind. It will allow users to gain access to the BUIDL Fund in a way that was previously unavailable. The BUIDL Fund, also known as the BlackRock USD Institutional Digital Liquidity Fund, is BlackRock’s first tokenized offering on a public blockchain. It provides institutional investors with exposure to U.S. treasuries and other assets. The BUIDL fund allocates investments into U.S. Treasury bills, cash, and repurchase agreements,…

Stacks, a Layer 2 blockchain designed to improve Bitcoin, has launched the Nakamoto upgrade to speed up transaction speeds. Named after Bitcoin’s pseudonymous creator Satoshi Nakamoto, the upgrade will separate Stacks’ block production from Bitcoin’s schedule. The upgrade introduces a new approach to block production using a Proof-Of-Transfer consensus mechanism. In this system, users burn Bitcoin (BTC) to generate Stacks blocks and earn rewards. The method began rolling out in April, with “signers” of blocks verifying “tenures” of transactions. Stacks aims to increase its utility by incorporating smart contracts and decentralized finance features on top of Bitcoin. Additionally, Stacks has…

Bitcoin enters a Bull Flag pattern after its fourth halving, hinting at a potential bullish surge based on historical trends. Despite bullish potential, Bitcoin’s RSI at 42.38 and bearish MACD suggest market caution, with no strong buying signals. Historical halving events often precede substantial growth, but 2024’s post-halving market shows cautious sentiment so far. Crypto analyst @JavonTM1 on X, pointed out that Bitcoin (BTC) has entered a Bull Flag pattern after its fourth halving event. Historically, such patterns have preceded major bullish movements in Bitcoin’s price. The potential for another surge seems to be building. #Bitcoin (BTC) entered a Bull…

A whopping 70% of Trump-backed World Liberty Financial’s WLFI tokens will be reserved for the project’s insiders, according to a white paper draft obtained by CoinDesk. Of the remaining 30% of the tokens distributed via a public sale, the founding team will also receive a portion of the proceeds. When asked if a 70% allocation to insiders is high, one source who advises projects on such matters replied, “LMAO. Nice joke, ser.” World Liberty Financial, the new crypto lending platform promoted by former U.S. President Donald Trump and his sons, advertises itself as a way of “putting the power of…

Leading crypto tracking platform Whale Alert calls attention to the movement of over 79 million XRP to two top exchanges Binance and Bitso. 60 Million XRP Moves to Binance Data from Whale Alert shows that the most recent transaction occurred earlier today, featuring the transfer of 60 million XRP to Binance. According to Whale Alert, the funds were deposited to Binance today at 02:51 (UTC). At the time, the funds were worth $34.19 million, indicating that XRP was priced at $0.5699. For context, investors usually move funds to exchanges like Binance whenever they intend to sell or convert them to…

An upcoming vape-to-earn project wants to use token incentives and blockchain-enabled vapes to make nicotine addictions additions go up in smoke. Called Puffpaw, the project intends to sell specialty vapes that record their user’s smoking habits on the blockchain. It will reward them in their tokens for gradually reducing their nicotine intake. Puffpaw is among a cadre of startups betting on the yet-to-launch Berachain blockchain, a venture capital darling. The quit-smoking project itself raised $6 million in seed funding led by Lemniscap Ventures. Lemniscap General Partner Shaishav Todi said the investment is a bet on decentralized physical infrastructure, commonly known…

The mysterious SHIB leader famous under the pseudonym Shytoshi Kusama has taken to his official X handle to comment on the recent rebranding of the X account of the Shiba Eternity game. Epic Shiba Eternity X rebranding Kusama hailed it, referring to it as “an epic move.” From now on, Shiba Eternity’s account @ShibaEternity is known as @playwithshib. From now on, this account is going to be focused not only on Shiba Eternity. SHIB intends to expand its presence in the gaming sphere far beyond its first NFT card game for smartphones. In late July, the Shiba Eternity team revealed…

Bitcoin, the world’s largest cryptocurrency by market capitalization, has dropped 4% in the last 24 hours amid $155.25 million in liquidations across the crypto market. After holding above the $60,000 level for four consecutive days, Bitcoin (BTC) fell below this threshold on Aug. 11, dipping further to below $59,000. The cryptocurrency hit an intraday low of $58,269 after earlier reaching a high of $61,562. BTC price chart – Aug. 12 | Source; crypto.news Data from CoinGecko shows that the broader crypto market declined by 4.32% over the past 24 hours, reducing its total value to $2.05 trillion. Despite a 52%…

Sberbank, Russia’s largest financial institution, plans to join a cryptocurrency settlement pilot program this fall. The bank also aims to serve clients using digital rubles by 2025. Deputy Chairman Anatoly Popov supports regulatory efforts to legitimize cryptocurrencies for international payments and mining. He highlighted cryptocurrencies as effective payment methods, especially for small businesses, amid global economic demand. Sberbank to Join Crypto Settlement Pilot Program in Russia Sberbank, Russia’s largest financial institution, intends to join an experimental program for cryptocurrency settlements this fall. Anatoly Popov, deputy chairman of Sberbank’s board and head of the corporate investment business unit, revealed these plans…