Author: NBTC

Coinbase announced it has restored services for Polygon on its platform under the new POL ticker. Leading American exchange Coinbase has enabled transactions for Polygon’s native token, POL, after a ticker change from the project. The US-based firm stated today that it would now allow users to send, receive, and trade the asset under its new ticker. Furthermore, Coinbase added it had enabled the same support it offered Polygon under its former ticker, MATIC. This meant users in the region where MATIC was traded could still transact with the layer 2 chain under the new POL ticker. The reinstatement came…

Bitcoin wallets holding between 1,000 and 10,000 BTC increased their holdings while prices slid over the past few days, while those owning less than 1 BTC were sellers, IntoTheBlock data shows. Bitcoin ETFs saw $168 million net outflows on Monday, led by Grayscale’s GBTC, Fidelity’s FBTC and 21Shares/Ark Invest’s ARKB. ETF investors held on “much stronger” than expected with only 0.3% of the assets leaving the funds, argued one analyst. Bitcoin (BTC) investors endured a (mostly down) rollercoaster of action as prices plummeted through the weekend to $49,000 by early Monday before modestly rebounding to around the $56,000 level in…

Ethereum (ETH) whales, historically influential in driving the altcoin’s price, have been quiet since July. On-chain data reveals that these large holders stopped accumulating ETH during that time, which likely contributed to its sluggish price performance. Now that September — a month known for heightened volatility — has arrived, the big question is whether these whales will resume buying and shift the market. Ethereum Whale Activity Slows Down Data from Glassnode reveals that addresses holding over 10,000 ETH last made a major purchase on July 5. Since then, these whales have either been selling or redistributing their holdings. This shift…

Bankrupt crypto exchange FTX has settled emergent technologies over $600 million in Robinhood stock. The motion, filed by FTX CEO John Ray III, says the platform is willing to pay Emergent $14 million to cover its administrative costs. In return, FTX wants the firm to drop its claims on Robinhood securities. According to the latest reports, the company seeks to avoid litigation delays related to the investment firm’s claims over about 55 million seized Robinhood shares and more than $600 million in cash: The FTX Debtors have worked hard to resolve the other competing interests to clear a path for…

Both bitcoin and ether have clawed back gains after an intense selloff throughout the weekend that bled into Monday. Ledn’s John Glover gave some insight into the levels he’s currently keeping a close eye on when looking at bitcoin’s chart. $49,000 — a figure noted Monday in the Empire newsletter — remains the “critical” level to watch, he said. So far, bitcoin’s firmly above $50,000 after hitting a low of $49,000. Another key level sits between $68,000 and $72,000. Read more: Bitcoin bounces back as ETH ETFs notch $49M in net inflows “If we can overcome the $60,000 to $62,000…

On Sept. 9, 2024, ethereum’s price hovers at $2,309 as it struggles to break free from a strong downtrend, observed across multiple timeframes. The market reflects uncertainty, with oscillators showing mixed signals and moving averages signaling a bearish outlook. While there are signs of accumulation near current support levels, the broader market environment demands caution from traders. Ethereum Ethereum’s 1-hour chart reflects a range-bound market, with prices fluctuating between $2,240 and $2,340. Support is firmly held at $2,240, while resistance looms at $2,338. Recent volume spikes indicate a lack of follow-through buying pressure after the drop to $2,240, signaling indecision…

Swift announced a new initiative on Sept. 11 to streamline global transactions and enable its members to use their Swift connection for transactions involving both traditional and emerging asset types, such as crypto. Swift plans to test multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions on its global platform. This could allow securities buyers to simultaneously pay for and exchange tokenized assets in real-time on Swift’s network. The new initiative will focus heavily on the global trading of real-world assets (RWA), as the industry is expected to reach a $30 trillion market cap by 2034. Swift said that the global tokenized…

The first Monday in August 2024 has gone down in cryptocurrency history as a notable day in terms of price crash. Some have even described it as a “red Monday” given the huge slump in the crypto space and the broader financial market. Despite the price crash, which pushed many investors to hit the sell button on their digital assets, particularly Bitcoin, BlackRock (IBIT) did not see sell-offs as the asset manager held on to its portfolio investment in the world’s leading digital asset. BlackRock’s unwavering stance As Eric Balchunas, Bloomberg Senior ETF analyst said, BlackRock’s decision not to sell…

Ethereum (ETH) has fallen to the $2,200 range, a level not seen since late January. Vitalik Buterin recently sold ETH worth $1.835 million, and the Ethereum Foundation allocated 3,000 ETH for liquidity. Ethereum (ETH) has slipped into a challenging phase, with its price falling to the $2.2K zone for the first time since late January. This decline comes amid several key developments and market shifts that are adding pressure to cryptocurrency. In recent weeks, Ethereum has struggled to maintain its upward momentum. The launch of a new decentralized exchange, Ethervista, and Ripple’s move to integrate Ethereum smart contracts into the…

Metabit Network, a blockchain entity for commercial applications, has recently announced an exclusive partnership with PinGo. The collaboration between Metabit Network and PinGo denotes a crucial move in the expansion of the efficiency and capabilities of artificial intelligence, decentralized physical infrastructure networks, and Web3 technologies. The platform took to its official social media account to offer insights into this initiative. 🚀 Partnership Announcement!🙌We’re thrilled to announce our collaboration with @pingoai, a trailblazing platform redefining how we access computational resources, datasets, and artificial intelligence! 🤖💻🍀PinGo bridges idle computing power, effectively solving the… pic.twitter.com/OyFOq2NzZz — METABIT NETWORK (@metabitofficial) August 24, 2024 Metabit…