Author: NBTC

Ethereum’s (ETH) performance relative to Bitcoin (BTC) has seen a sharp decline since July 24, with the ETH/BTC pair now at its lowest point in three years. As market sentiment for ETH turns increasingly bearish, many analysts predict further declines in the coin’s value. This article breaks down key insights that ETH holders should be aware of as the situation continues to unfold. Ethereum Overshadowed by Bitcoin as Network Activity Suffers The ETH/BTC pair represents the ratio between the prices of Ethereum (ETH) and Bitcoin (BTC), showing how much BTC is needed to buy one ETH. When this ratio increases,…

The highly anticipated closed beta testing for the Shiba Eternity game has finally gone live on Shibarium. Shiba Inu’s marketing lead Lucie made the announcement today, emphasizing that beta testing is currently open to LEASH stakers. According to Lucie, players who previously staked their LEASH, as mandated by the team, can connect their wallets to ShibaSwap and participate in the beta testing. Date for Shiba Eternity Early Access In anticipation of closed beta testing, the team urged players to stake their LEASH tokens on July 29. Three weeks after LEASH staking commenced, the team officially granted stakers early access to…

The UK’s crypto community has a reason for optimism with the new Labour government, according to Harry Horsfall. Backed by a large parliamentary majority, the Labour government is seen as potentially more decisive in pushing policies favourable to the Web3 industry. Horsfall, CEO of Flight3, which will host the Zebu Live Conference in October, also cites the presence of Web3-interested individuals among party leaders as another positive sign. UK Aiming to Be a ‘True Web3 Hub’ However, Horsfall acknowledges some familiar challenges the Labour government will likely face in tackling Web3 issues. One is the apparent mismatch between the speed…

The Bitcoin network hashrate is now back to pre-halving levels, the report said. The bank noted that U.S.-listed miners’ share of the network hashrate increased for the fifth straight month to a new record. The fall in the hashprice, coupled with seasonal trends, could limit hashrate growth in the near term, JPMorgan said. Bitcoin (BTC) mining stocks fell in the first half of September as the price of the world’s largest cryptocurrency remained below $60,000, and the network’s hashrate rose, JPMorgan (JPM) said in a research report on Monday. The hashrate has risen 4% month-to-date and is now back to…

The present market analysis of Bitcoin indicates a predictable pattern. Doctor Profit, a prominent Bitcoin analyst on X, has recently published an analysis report that disclosed Bitcoin’s price movement between the range of $72,000 as well as $56,000-$57,000. The analyst noted that the basis for this price range includes the chief Fibonacci resistance levels established liquidity points, and moving averages. As per Doctor Profit, this offers a dependable agenda for traders. #Bitcoin – What’s Next?The big Sunday report, all you need to know:🚩 TA/LCA/Psychological Analysis: When it comes to the market, there are no such words as “market moves unexpectedly.”…

Just yesterday, the price of Dogecoin (DOGE) was rising, and whales were stuffing their bags with the popular meme cryptocurrency, as today the situation has changed dramatically. As indicated by on-chain data from IntoTheBlock, the netflow of DOGE to wallets of large holders has decreased from 369.46 million tokens to -88.01 million. To put this into perspective, in the past 24 hours, 457.47 million DOGE, which is equivalent to around $46 million, has flowed out from the wallets of big holders. As a general rule, any holder with more than 0.1% of the circulating supply is considered a large holder,…

The U.S. Department of Justice (DOJ) has sentenced 12 individuals for a series of violent home invasions aimed at stealing over $3.5 million in cryptocurrency. The group’s leader received 47 years in prison, while his accomplice was sentenced to 20 years. “The victims were held at gunpoint in their home,” the DOJ stated, adding that a man “was abducted, held hostage, and beaten, before the man was found by law enforcement 120 miles from his home.” DOJ Sentences 12 for Cryptocurrency Robberies Across Multiple States The U.S. Department of Justice (DOJ) announced on Friday that 12 defendants were sentenced for…

In April, pseudonymous researchers Mononaut and 0xB10C confirmed a long-held suspicion that Bitmain influenced a concerning percentage of the bitcoin mining network. Today, follow-up research confirms the sway of Bitmain over ‘proxy’ mining pools. Although bitcoin miners are technically able to switch mining pools as they wish, this research reveals that as a practical matter, many of them rarely if ever switch away from Bitmain-led work templates. A detailed follow-up analysis applied a weighted similarity score of transaction ordering and block templates across 37% of Bitcoin’s hashrate. The analysis revealed that many supposedly independent mining pools are mostly passing along…

According to IntoTheBlock data, PEPE is experiencing a 109% increase in large transaction volume, which indicates whale activity. According to IntoTheBlock data, PEPE’s large transaction volume reached $71.19 million in the last 24 hours, a 109.81% increase from the previous day. IntoTheBlock classifies large transactions as those involving transfers of more than $100,000. Large Transaction Volume estimates the total amount traded by whales and institutional participants on a given day. Increases in large transaction volume frequently indicate considerable activity among institutional players, whether buying or selling. The day before saw major listings for PEPE. Yesterday, Upbit, South Korea’s largest cryptocurrency…

An Indian High Court has ruled that police cannot freeze entire bank accounts during fraud investigations. Only fraud-related amounts in bank accounts can be frozen. The decision followed a case where an account was frozen due to a cryptocurrency investigation. The court stressed that freezing accounts entirely disrupts livelihoods and called on investigative agencies to inform both account holders and the courts. Indian High Court Restricts Freezing of Entire Bank Accounts in Fraud Probes The Madras High Court of India has ruled that police cannot freeze entire bank accounts during financial fraud investigations; only the amount involved in the alleged…