Author: NBTC

According to recently updated figures shared by the Shibburn blockchain tracking platform, over the past week, the SHIB community has succeeded in burning more than one hundred million meme coins. In the meantime, the Shiba Inu price has demonstrated a major 7.60% plummet over the last 24 hours. Weekly SHIB burns step on it A recent tweet published by Shibburn indicates that over the past seven days, there have been more than 114 million SHIB meme coins transferred from the circulating supply into “inferno” blockchain addresses and locked there. Thus, the weekly SHIB burn rate jumped by more than 790%.…

Bitcoin addresses with a balance of over 0.1 BTC are nearing an all-time high, according to data from Bitcoin Magazine Pro. Currently, there are 4,580,424 such addresses, just shy of the record 4,586,540, and represents a month over month increase of 27,939 addresses. The recent drop in Bitcoin’s price from around $67,500 to $49,000 provided investors a unique buying opportunity, allowing them to accumulate Bitcoin at prices below $50,000. Even with Bitcoin currently trading in the $50,000-$60,000 range, down 24% from its all-time high, buyers continue to accumulate, potentially pushing the number of addresses with over 0.1 BTC to a…

RippleX has unveiled the full speaker lineup for XRP Community Day Tokyo 2024, a highly anticipated event that brings together the XRP community, blockchain enthusiasts and industry leaders. The spotlight will be on Ripple CEO Brad Garlinghouse and President Monica Long, who are set to discuss the company’s journey and the history of building on XRP Ledger that has sparked interest in the crypto community. 3/8 Brad Garlinghouse (@bgarlinghouse) & Monica Long (@MonicaLongSF) discuss Ripple’s history building on the XRP Ledger, moderated by Eric van Miltenburg (@ericvanm). — RippleX (@RippleXDev) August 26, 2024 In June, Archax and Ripple announced an…

A widely followed analyst believes Bitcoin (BTC) will spark a furious rally to regain all of its losses over the past week. Pseudonymous analyst The Crypto Dog tells his 806,500 followers on the social media platform X that he sees a swift Bitcoin recovery following its collapse from $70,000 to a six-month low of $49,000. “I guess we might just speed run retracing the whole dump as fast as we crashed.” The analyst’s bullish stance on Bitcoin comes after BTC quickly bounced off its lows and stayed above its immediate support at around $54,000. “Price not nuking (yet), maybe they…

Andrei GRACHEV, managing partner of Web3 market maker DWF Labs, has bought $500,000 worth of Toncoin to show support for Telegram founder Pavel DUROV. In a post on social media platform X, Grachev described it as a way to show solidarity. With this move, Grachev joins a growing list of people in the crypto community who have expressed support and called for Durov’s release since his arrest in France. Elon Musk has joined the call, posting the hashtag #FreePavel. According to Grachev, he bought the tokens on the open market and plans to keep the funds until Durov is finally…

Bitcoin’s 16% plunge to below $50,000 earlier this week has left investors and traders scrambling to make sense of the sudden shift in market dynamics. Many analysts tell Decrypt that the top cryptocurrency’s volatility presents opportunity, and most remain bullish in the long term. The recent crypto carnage comes amid heightened global economic uncertainty, with factors such as inflation concerns, geopolitical tensions, and shifting monetary policies contributing to market volatility across various asset classes. Bitcoin, often touted as a hedge against traditional market instability, has not been immune to these broader economic forces. Also a factor, the introduction of Bitcoin…

Shiba Inu is planning to launch a decentralized autonomous organization (DAO) as part of its strategy to become a universal blockchain platform. On August 24, Shiba Inu CMO Lucie announced that the network will launch a DAO governance. The move is intended to ensure that SHIB’s growth is aligned with its core values ​​of transparency and inclusivity. The initiative will allow SHIB holders to participate in the decision-making process within the Shiba Inu ecosystem. Lucie explained that the DAO launch will solidify the coin’s role as a leader in decentralized governance. However, the CMO noted that the DAO is still…

What a welcome back to bitcoin for Gox creditors. As many as 20,600 creditors had been waiting 10 years to have their bitcoin returned, during which time BTC’s price had gone from under $500 to $58,000 when repayments began in May. About $5.77 billion in bitcoin has been sent to participating crypto exchanges to date, valued at the time of transfer. If a creditor had $1,000 in bitcoin when Mt. Gox collapsed, they would now have over $110,000 based on current distributions. Read more: Mt. Gox customers to receive crypto assets after 10-year wait Figures for how much remains differ…

According to PHOENIX crypto analytics platform, several cryptocurrencies have shown significant gains across different exchanges recently. Leading the list is $HARD, which has surged by an impressive 81.8%. This dramatic increase highlights its strong performance in the market. DAILY GAINERS$HARD +81.8% $NULS +64.2% $INSP +52.3% $CAT +46.6% $NLK +28.8% $WELL +26.7% $PDA +23.6% $VOXEL +21.5% $TLOS +20.9% $APTR +20.0%#dailygainers pic.twitter.com/Ox07wiQQjX — PHOENIX – Crypto News & Analytics (@pnxgrp) August 26, 2024 $NULS and $INSP Show Strong Gains of 64.2% and 52.3%, 2nd and 3rd to $HARD $NULS is not very far behind with an increase of 64.2%, which also shows…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cloud mining emerges as a top way to earn Ethereum in 2024. Discover the top 10 platforms and free options in this guide. Ethereum is a top cryptocurrency, and many people want to find the easiest and most profitable ways to mine it. Cloud mining is arguably a great solution because it lets users rent mining power from remote data centers and earn Ethereum from anywhere in the world. But how to mine Ethereum in 2024? With so many…