Author: NBTC

CryptoQuant analyst, known as Mignolet, believes that it’s time for accumulation whales to make bullish movements. Mignolet, the author of Investment Secrets of Bitcoin Whales, says the unspent transaction output (UTXO) in profit has been “breaking away from its low point.” Per the chart, the Bitcoin (BTC) UTXOs in profit is currently sitting at 80.7%. Time for the accumulation whales to respond“This is time when accumulation whales are likely to respond to market fear, indicating a potential V-shaped rebound.” – By @mignoletkr Full post 👇https://t.co/CJLU7nPN9w pic.twitter.com/HOXng629Ym — CryptoQuant.com (@cryptoquant_com) June 25, 2024 A UTXO is an amount of cryptocurrency which…

Despite a sharp 20% drop in price, U.S.-listed spot ether exchange-traded funds (ETFs) saw net inflows of nearly $49 million on Monday, indicating strong demand. Meanwhile, some pointed to the resilience of the Ethereum network in the face of the price drop, indicative of strong fundamentals. U.S.-listed spot ether (ETH) exchange-traded funds (ETFs) recorded net inflows of nearly $49 million on Monday amid a 20% drop in its price, showcasing demand for the second-largest token by market capitalization. Ether price cratered as much as 20% on Monday in its biggest one-day price fall since 2021 as prominent crypto trading firm…

The recent INATBA report underscores the widespread adoption of blockchain technology across public and private consortial projects, emphasizing initiatives like EBSI and EUBOF for upgrading Europe’s digital infrastructure. IOTA’s involvement in projects such as EBSI finalists and blockchain-backed Digital Product passports reflects its significant contributions to advancing transparency and efficiency. The International Association for Trusted Blockchain Applications (INATBA) published a recent report providing an overview of several public and private consortial projects that use, propose, or standardize blockchain technology across various sectors. The IOTA Foundation is also part of the INATBA thereby contributing to several important initiatives. The report from…

Robinhood temporarily suspended its 24-hour trading service through Blue Ocean ATS from midnight to 8:00 AM UTC on August 6th. The halt in trading occurred during a significant global market downturn, specifically aligning with the largest drop in Japan’s Nikkei since 1987. Disgruntled investors voiced concerns on social media, urging U.S. regulators to examine the legality of Robinhood’s overnight trading suspensions. On August 5, Robinhood announced an unexpected halt to its 24-hour trading service via its Blue Ocean ATS (BOATs), effective from 12:00 am to 8:00 am UTC on August 6. The interruption impacted Robinhood users, preventing them from trading…

A closely followed crypto analyst says one Bitcoin (BTC) indicator is flashing green despite the Monday correction below $60,000. Pseudonymous analyst TechDev tells his 460,100 followers on the social media platform X that a key indicator is suggesting Bitcoin may soon go parabolic. “There’s only one other time in Bitcoin history when the two-week Gaussian channel flipped green. Price consolidating at the prior high marked the halfway point of a parabolic move few saw coming.” Source: TechDev/X Gaussian channels are momentum indicators that can be used to identify price tops and bottoms. Looking at his two-week chart, the analyst suggests…

TRON founder Justin Sun has reportedly made a significant move with Ethereum (ETH). It comes at a crucial time as the broader cryptocurrency market is struggling after the recent crypto crash. Ethereum, like other digital currencies, is trying to initiate a rebound and recover its recent losses. As per Spot On Chain, Sun has withdrawn 14,884 ETH from crypto exchange Binance earlier today. This transaction is estimated to be worth around $35.97 million, as per the current ETH price. This is a major Ethereum purchase from the TRON founder as his support will likely inject bullish sentiment in the market.…

Polymarket’s popularity raises fears of corruption and undue election influence. Lawmakers urge CFTC to ban election betting, citing democracy trust concerns. Senators stress elections shouldn’t be influenced by wealthy individuals’ bets. Polymarket, a predictions market operating on the Polygon blockchain, has come under scrutiny as US lawmakers intensify efforts to ban gambling on American elections. Spearheaded by Oregon Senator Jeff Merkley, a group of legislators is urging the Commodity Futures Trading Commission (CFTC) to finalize and implement a proposed rule that would prohibit betting on American election outcomes. The lawmakers argue that such markets could erode public trust in democracy,…

Valour plans to bring its crypto exchange-traded products to more investors in Africa, in response to a major agreement with the Nairobi Securities Exchange. Initial support will be for crypto ETPs for Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and Hedera (HBAR)., Valour noted in a press release on Aug. 6 Valour, a subsidiary of financial technology firm DeFi Technologies, revealed that these plans follow a Memorandum of Understanding with the NSE. The firm is also partnering with liquidity and capital solutions provider SovFi. Per the ETP issuer, NSE and SovFi will help in the creation, issuance, and trading of Valour…

Crypto Fear and Greed Index is currently in the “fear” zone with a score of 30. This is the lowest sentiment measure for Bitcoin (BTC) in nearly 18 months. The Crypto Fear and Greed Index, a measure of market sentiment for Bitcoin (BTC) and the broader crypto market, has dropped to 30, the lowest score it has reached in over one and half years. While BTC has traded lower during the current market cycle and the Crypto Fear & Greed Index has fallen into the “fear” zone, this is the first time it has done so since January last year.…

The Sandbox is giving away monthly rewards to holders of a specific set of eligible NFT avatars based on last month’s snapshot. These rewards can be claimed until 31st August. Earlier on 26th July, The Sandbox took a snapshot of wallets holding eligible NFT avatars. Avatar owners can now start claiming the rewards until 31st August. 📣 ATTENTION, AVATAR OWNERS 🦆 This August, we’re making a splash with limited-edition Rubber Duck Buoy NFTs! 🛟 Celebrate summer fun with this quack-tastic collection inspired by The Sandbox lore.Claim your reward now until August 31st! https://t.co/0xQUFSRQic pic.twitter.com/qjFciRGtzW — The Sandbox (@TheSandboxGame) August 2,…