Author: NBTC

Ethereum’s (ETH) price is reacting to a shift in sentiment from one of the most important cohorts of investors — the whales. This further impacts the long-term holders, who are known for their stability, as they could move to sell. Ethereum Holders Protect Their Investments Ethereum’s price lost a crucial psychological and technical support level over the last 24 hours. The reason behind this is the uncertainty of recovery among whales who opted to sell and secure their gains. Following the 11% decline from July 22 to July 25, whale addresses holding between 10,000 and 100,000 ETH began selling. About…

At the recent XRP Ledger Apex 2024 event in Amsterdam, Nancy Beaton, Uphold’s US President, shared valuable lessons from the company’s unwavering support for XRP during challenging times. Speaking with Yana Novikova, Senior Director of Product Management at Ripple, Beaton talked about Uphold’s strategies, the introduction of the self-custody wallet Vault, and how these experiences shape their vision for the future of crypto regulation and innovation. Uphold’s Commitment to XRP According to Novikova, Uphold stood out as the only crypto exchange that did not delist XRP during its regulatory uncertainties. Beaton emphasized that Uphold’s decision was based on strong community…

The Luxembourg Ministry of Finance has proposed a fourth DLT bill. It would add an optional role of “control agent,” who would be responsible for issuing digital securities, tracking the amount of the issuance, and maintaining a record of ownership. The European country has been one of the more supportive jurisdictions when it comes to the issuance of securities on distributed ledger technology (DLT)—a decentralized ledger network that uses multiple nodes to ensure data security and transparency, and the technology on which blockchains are built. Luxembourg is one of the world leaders for fund issuance, second only behind the United…

Chris Li predicts blockchain will shift from horizontal to vertical scaling soon. Vertical scaling could enhance efficiency in online casinos and improve user experience. Advanced solutions like atomic swaps may replace wrapped assets, preserving decentralisation. Chris Li, a former Microsoft engineer and the founder and CTO of Ava Protocol, has made a bold prediction for the future of blockchain technology. According to Li, the focus of blockchain development is set to shift from horizontal scaling towards vertical scaling within the next five years. This transition is anticipated to redefine how various industries utilise blockchain technology, particularly in terms of efficiency,…

Bitcoin price failed to recover above the $62,500 resistance zone. BTC is showing bearish signs and might decline again below the $60,000 support. Bitcoin struggled to recover above the $62,200 and $62,500 levels. The price is trading below $62,000 and the 100 hourly Simple moving average. There is a major bearish trend line forming with resistance at $61,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another decline unless there is a close above the $62,000 resistance zone. Bitcoin Price Remains At Risk Bitcoin price started a recovery wave above the $61,200…

Ethereum’s price has been going through a frustrating consolidation period over the past few months following the price’s failure to break above the $4,000 resistance level. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has recently rebounded from the $2,800 mark and rallied toward the $3,500 resistance level. However, the latter has rejected the price to the downside. The market has also dropped below the 200-day moving average, located around the $3,200 mark. At the moment, ETH is trading below the $3,000 support level and could decline even further in the short term. The 4-Hour…

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Howdy! My bike got stolen from in front of my apartment last night, which — and I promise this isn’t just me coping — I had kind of been hoping would happen, because the bike literally doesn’t have brakes and its seat was stuck at the lowest height. So, your ill-gotten new bike sucks. Get pranked, thief. Anyways: Raydium leads the way as Solana DeFi volumes grow Solana DeFi is ascending to new heights — and it’s still memecoins…

Pro-XRP lawyer Bill Morgan reacts to Uphold co-founder J.P. Theriot’s decision to support Kamala Harris ahead of the upcoming U.S. presidential election. Uphold Founder Officially Supports Kamala Harris Theriot took to X yesterday to back Harris, making him the first crypto exec to endorse the Democratic Party’s presidential candidate. In the lengthy X thread, Theriot contended that former U.S. President Donald Trump’s promises for the crypto sector are empty. Conversely, the Uphold director stated that Harris has good prospects of understanding the emerging technology, given that she is two decades younger than Trump and Joe Biden. Notably, he emphasized that…

Haust Network uses Polygon’s Chain Development Kit and zk-rollup technology. The AggLayer integration allows Haust Network to connect with multiple blockchains for efficient and low-cost transactions. Haust Network will integrate with the Polygon Chain Development Kit (CDK) to advance its Layer 2 Ethereum scaling solutions, according to a recent announcement. This partnership utilizes zk-rollup technology to boost transaction throughput and lower costs while ensuring robust network security. https://Twiter.com/0xPolygon/status/1819110730802635148 Haust Network also has incorporated Polygon’s CDK, which is a popular Layer 2 solution for Ethereum scaling based on zk-rollup. This approach increases the number of transactions per unit of time and,…

In the crypto ecosystem, pinpointing the exact moment Bitcoin (BTC) prices bottom out is akin to finding a needle in a haystack. Recent data, however, provides some insights into whether the Bitcoin price has bottomed. As the digital currency touched a one-month low of $58,500, analysts from CryptoQuant and Glassnode revealed four crucial on-chain indicators to watch. These indicators could be useful for analyzing market behaviors near the low points and understanding the conditions necessary for prices to rebound and rise again. 1. Tracking Bitcoin Demand Growth The first quarter of 2024 saw a remarkable surge in Bitcoin demand coinciding…