Author: NBTC

Analytics account on the popular X social media platform @lookonchain has published data which shows a significant increase noticed about Tron over the second largest blockchain Ethereum. Tron beats Ethereum in transaction count This large rise of Tron shows that its utility continues to expand fast. Meanwhile, Ethereum has been finally accepted by Wall Street as spot Ethereum ETFs have finally been approved and begun trading on stock exchanges. Tron has surpassed Ethereum by the total transaction number – 8.1 billion on Tron versus 2.45 billion on Ethereum. This is an impressive increase of more than 230.6%. The total number…

US President Joe Biden resigned from the upcoming November 2024 Presidential Election on July 21 and immediately endorsed Vice President Kamala Harris’s candidature. Biden said: “I have decided not to accept the nomination and to focus all my energies on my duties as President for the remainder of my term. My very first decision as the party nominee in 2020 was to pick Kamala Harris as my Vice President. And it’s been the best decision I’ve made. Today I want to offer my full support and endorsement for Kamala to be the nominee of our party this year.” Biden’s move…

OKX, one of the leading cryptocurrency exchanges, started the day with the altcoin announcement. At this point, OKX announced that it had listed altcoins named DEGEN and SLERF. “OKX will soon launch DEGEN and SLERF. Deposit time for DEGEN and SLERF: 23 July 14:00 (UTC+8) SLERF/USDT trading opening time: 23 July 16:00 (UTC+8) DEGEN/USDT trade opening time: 23 July 17:00 (UTC+8) DEGEN and SLERF open withdrawal time: 24 July 18:00 (UTC+8) DEGEN is a reward token for Farcaster users that uses a unique tip subsidy mechanism to incentivize the community. It also provides support for the Degen chain, one of…

In an epic development, Whale Alert has reported that a dormant Bitcoin address containing 119 BTC, worth $6.99 million, has been activated after 12.4 years. This address, which was worth just $599 USD in 2012, has seen a staggering 1,166,666% gain. Such resurgences can have bearish implications for the market. When long-dormant addresses are reactivated, it often indicates that holders are preparing to liquidate their assets, potentially flooding the market with significant amounts of Bitcoin. This can lead to increased selling pressure, driving prices down. The market’s reaction to such events is typically cautious, as traders prepare for potential sell-offs.…

On July 23, Samara Cohen, BlackRock’s Chief Investment Officer of ETF and Index Investments, joined CNBC’s “Squawk on the Street” to talk about the launch of spot Ether ETFs and the potential they hold. The discussion began with the host, Bob Pisani, acknowledging the much-anticipated launch of Ether ETFs. Cohen confirmed the launch, noting that the ETFs were already actively trading both in the pre-market and post-open sessions. She emphasized that these ETFs are indeed tracking Ether, trading with tight premium discounts, tight spreads, and receiving broad market maker support. This marks a significant step in integrating cryptocurrencies into the…

Shibarium is setting a different growth course for itself as it is eyeing a very important milestone ahead. At the time of writing, Shibarium boasts a total block of 5,929,347, with just a few more blocks remaining to hit the 6,000,000 milestone. Shibarium’s launch, rise and fall When Shibarium made its debut in August last year, many did not believe it would record as much success as it has managed to in recent times. The Ethereum layer-2 network first suffered a major technical glitch that forced the halting of transactions. After this, much effort was expended to scale the chain.…

South Korea’s nominee for FSC chair, Kim Byoung-hwan, expressed caution about corporate crypto transactions, signaling opposition to spot Bitcoin ETFs. South Korea‘s nominee to head the Financial Services Commission (FSC), Kim Byoung-hwan, voiced caution on Monday regarding the allowance of bank accounts for corporate crypto transactions, emphasizing the need to prioritize investor protection, Korea’s news agency Yonhap reports. Kim, a former vice finance minister nominated as the FSC chief earlier in July, made the comments during a parliamentary session in response to a lawmaker’s inquiry about the necessity of South Korea permitting crypto accounts for corporations. You might also like:…

OKX announced the delisting of a large number of spot trading pairs in order to maintain a solid and efficient trading environment. OKX Will Delist Many Spot Trading Pairs The decision follows regular performance reviews and feedback from users in accordance with the OKX Token Delisting/Decloaking Guidelines. The affected trading pairs and their respective delisting schedules are as follows: 25 July 2024, 11:00-11:30: LTC-ETH MATIC-BTC ADA-ETH FIL-ETH LINK-ETH OKB-ETH HBAR-BTC EOS-ETH QTUM-BTC GRT-BTC 26 July 2024, 11:00-11:30: ATOM-ETH XCH-BTC MKR-BTC NEO-BTC OXT-ETH OKT-BTC XRP-ETH SHIB-BTC DOGE-ETH TRX-ETH 1 August 2024, 11:00-11:30: ADA-BTC FIL-BTC NEAR-BTC LINK-BTC DOT-BTC UNI-BTC ETC-BTC ATOM-BTC EOS-BTC…

The price of the flagship cryptocurrency Bitcoin has recently dropped below its 200-day trendline after hitting a low above the $57,000 mark and losing its key $60,000 support level, sparking concerns of a potentially “extreme” price crash that would see it trade near $40,000. Andrew Kang, co-founder of Mechanism Capital, highlighted parallels between the current price action and the lead-up to the 2021 crash, pointing to the extended period BTC has been within its price range, which exceeds the duration seen before the crash in 2021. Moreover, Kang noted there are over $50 billion worth of cryptocurrency leveraged positions near…

The Ethereum blockchain went through its highest inflation period in the last quarter, with approximately 110,000 Ethereum (ETH) added to the total supply. This equates to an annual inflation rate of 0.37%, according to a recent report by Fidelity Digital Assets. Analysts Daniel Gray and Max Wadington suggest that ETH supply is unlikely to experience dramatic fluctuations in the short to medium term, but the growing preference for lower-fee layer 2 platforms and increased demand for staking could lead to more frequent inflationary quarters. The network has seen a 5% increase in the number of validators since April, and the…