Author: NBTC

Helium (HNT), a blockchain-based network designed for the Internet of Things (IoT), has experienced a price surge of 7% in the last 24 hours, now trading at $3.74. HNT’s latest surge comes at a time when the broader cryptocurrency sector is facing a downturn. Currently, Helium boasts a market capitalization of approximately $601 million, securing the 106th position in global cryptocurrency rankings by market cap as per data by CoinMarketCap. HNT 24-hour price chart | Source: CoinMarketCap HNT’s trading volume has soared by 34% over the last 24 hours, totaling $12.2 million. In the same timeframe, HNT has traded between…

NEW YORK — Binance CEO Richard Teng urged the Nigerian government to release Tigran Gambaryan, an American employee of the world’s largest crypto exchange who has been detained in Nigeria since February. “Tigran has been unjustly held for close to half a year now,” Teng told CoinDesk during a Wednesday interview in New York. “He needs medical treatment before his conditions become permanent.” Gambaryan, Binance’s head of financial crime compliance, was detained in Abuja six months ago, shortly after voluntarily traveling to Nigeria’s capital city at the government’s invitation. At first, Gambaryan and another executive, British-Kenyan national Nadeem Anjarwalla, were…

The latest revelation about a huge transfer of mSOL from an FTX wallet to Coinbase Prime has triggered speculations among the crypto enthusiasts. It has opened a debate on the possible impact of this transfer. Here is what we know right now about the development. Transfer of mSOL from an FTX wallet to Coinbase Prime: Latest Updates The news about this huge move was revealed in a post in X by Lookonchain. As per the post, a huge sum of mSOL, worth at least $46.09 million, was transferred from a FTX wallet to Coinbase Prime. In the beginning of this…

A widely followed crypto analyst says that Bitcoin’s (BTC) current correction is reminiscent of its price action about five years ago. In a new interview with financial and tech YouTuber David Lin, crypto strategist Benjamin Cowen says that the social risk metric indicates that the crypto king is following in the footsteps of its price action from 2019. According to Cowen, the number of people watching crypto YouTube channels has dipped significantly, signaling that it could reverse course and rally as it did in 2021. “I think it’s more similar to 2019 and there’s a couple of reasons for that…

Ethereum (ETH) price attempted to surpass $2,700 this week but fell short of the target. Despite the pullback, the cryptocurrency notes a 3.50% increase in the last seven days. But as the price wobbles around the same region, long- and short-term holders appear to have different views on ETH. Ethereum Faces Mixed Outlook One way to gauge investor sentiment regarding a cryptocurrency is by analyzing the Net Unrealized Profit/Loss (NUPL) metric. This indicator measures the level of unrealized gains or losses held by market participants, offering insights into the broader sentiment and psychology of holders. The NUPL is divided into…

Conflux launched its next hardfork and released the public testnet version v2.4.0-testnet in June. Conflux has established new partnerships, including with OpenFlux Marketplace and Cwallet. Conflux Network achieved great progress in its continuous development and outreach activities in June. From starting new partnerships to organizing big events, the network has demonstrated a great dedication to expansion and creativity. The main Conflux developments for June are described in this progress report, along with prospective consequences. Our June Progress Report is out! https://t.co/VQCQY7KZUg Highlights: 🔷Developed and tested the next hardfork. 🤝 Welcomed new partnerships with Mengli Carnival, @OpenFluxNFT Marketplace, PoPP Web3 Lab,…

Hong Kong’s crypto hub ambitions face hurdles as more than a dozen exchanges struggle to secure full licenses due to regulatory concerns. Cryptocurrency exchanges in Hong Kong seem to be grappling with challenges in securing full licenses as the city pushes to become a crypto hub, per a Bloomberg report, which cites people familiar with the matter. The city’s Securities and Futures Commission has reportedly identified unsatisfactory practices during on-site inspections of 11 “deemed-to-be-licensed” exchanges, raising doubts about their ability to meet full licensing requirements. The investigation revealed that some exchanges were overly reliant on a small number of executives…

Over the past seven months, data from cryptoquant.com reveals a staggering $26 billion worth of bitcoin and ethereum has been pulled from centralized crypto exchanges. During the same period, trading platforms have seen an influx of $9.1 billion ERC20-based tethers since Jan. 1. Bitcoin and Ethereum Scarcity Grows as $26 Billion Leaves Centralized Exchange Bitcoin is becoming harder to come by this year. While investors are busy withdrawing the leading digital asset from centralized exchanges, miners are also seeing their reserves dwindle. Data from cryptoquant.com reveals that miners have offloaded 29,377 BTC, with their reserves dropping from 1.84 million BTC…

As of August 19, 2024, bitcoin is trading at $58,061, with a 24-hour intraday range between $57,918 and $60,191. The crypto asset saw a trading volume of $20.7 billion and maintains a market capitalization of $1.14 trillion. Multiple timeframes reveal a sustained downtrend, with key resistance levels holding firm and technical indicators signaling weak buying interest. Bitcoin Bitcoin’s 1-hour chart paints a grim picture, with a recent sharp decline from $60,271 to $57,844. The drop was marked by a significant increase in volume, suggesting potential capitulation. However, the absence of strong upticks following this decline indicates that buyer momentum remains…

Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter. Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what you’ll find in today’s edition: Takeaways from the first month of trading for US spot ETH ETFs. Fed Chair Jerome Powell spoke. Casey translates. The mixed economic data you might have missed this week. One month in the books for US spot ETH ETFs Spot ether ETFs hit the US market one month ago today, and the…