Author: NBTC

For many weeks, Ethereum’s (ETH) price has been eyeing a return to $3,000. Unfortunately, that has not happened due to several rejections and a rather quiet broader market. However, the underwhelming price action is not the only challenge facing the blockchain, ranked as the second-most valuable crypto project. This on-chain analysis highlights the other parts and what could become of ETH price in the short term. Ethereum Earnings Down, Some Whales Out According to Artemis data, Ethereum’s revenue has plunged to its lowest point this year. This dramatic decline is a stark contrast to the value in March. During that…

The Cardano community patiently awaits the Chang hard fork upgrade to usher in the Voltaire Era. Input-Output Global developers have worked on this upgrade for months to return governance to the community. As Charles Hoskinson recently hinted, the team has now burnt the “Genesis Keys,” which arguably gives IOG the control it has over the protocol. Last Chang hard fork hurdle cleared After its last postponement, the Chang hard fork upgrade is scheduled for Sept. 1. While there are many boxes to tick ahead of this update, the lockup of the Genesis Keys was one of the most important. Without…

Binance has tapped U.K.-based accounting firm grant Thornton to advise the exchange on accounting and tax matters. The firm will also help Binance prepare for an audit. Binance previously worked with auditing firm Mazars which paused its work with the exchange in December 2022. Binance has hired U.K.-based Grant Thornton to advise on accounting and tax matters, it announced Wednesday. The crypto exchange previously worked with auditing firm Mazars to produce a proof-of-reserves report for crypto clients, however, Mazars in December 2022 said it had paused work with Binance and other crypto clients amid concerns over the public’s misunderstanding of…

VC funds crypto startups August 2024 witnessed a significant surge in investment activity, with venture capital (VC) funds pouring $634 million into various crypto startups, as reported by CryptoSlate using data from DefiLlama. This figure represents a 15% increase compared to July, highlighting a renewed investor interest in the blockchain and cryptocurrency sectors despite ongoing market volatility. Key Investment Areas Among the crypto startups that attracted investment, projects focused on blockchain infrastructure were the primary beneficiaries, receiving nearly $460 million of the total investment. This focus on infrastructure underscores the critical role that foundational technologies play in the broader adoption…

Taking to social media platform X, MicroStrategy’s chairman and cofounder, Michael Saylor, has issued a bullish statement on Bitcoin (BTC). Saylor’s comments come as BTC set its sights on $60,000, recovering from short-term market volatility. Saylor remains optimistic on Bitcoin’s future In Monday’s post, Saylor wrote, “Unlock your future. #Bitcoin,” accompanied with a picture image of Bitcoin on a key. The post has since reverberated across the crypto community, with many forecasting upward momentum for BTC. Unlock your future. #Bitcoin pic.twitter.com/mVYmGylcMr — Michael Saylor⚡️ (@saylor) August 12, 2024 Saylor did not go into much detail in his post on Bitcoin’s…

A new “old” heated debate emerged in the XRP community when one of the enthusiasts once again raised the question – what exactly does Ripple bring to the table with XRP? Some skeptical participants in the conversation called out the top executives of the crypto company, such as CEO Brad Garlinghouse and CTO David Schwartz. Among the accusations were that the Ripple heads are agitating to reduce XRP holdings just to grow their own bank accounts, using retail as on-demand liquidity for their pockets. The part about reducing holdings is a reference to Schwartz’s comment about two options for Ripple…

NADA Protocol has announced a major partnership with ARC, an eco-friendly artificial intelligence solutions leader. This collaboration is set to enhance the NADA blockchain ecosystem by integrating ARC’s advanced AI technologies, including the highly efficient Reactor AI. Recognized as the fastest and most effective AI, Reactor AI tops the MMLU rankings, outperforming other AI models like GPT-4 and Claude. 🌟 Major Partnership Alert! 🌟We’re thrilled to announce our partnership with @ARCreatorAI, the most efficient, eco-friendly AI, including Reactor AI—#1 on MMLU, faster than GPT-4 & Claude. We use Reactor AI to help us with bursting through operational workload quick. Be…

This week will be a critical week for the Bitcoin and cryptocurrency markets, as the US CPI and PPI data will be released this week. While BTC and the market started this critical week with a decline, an updated assessment came from QCP Capital analysts. Analysts said that despite a week since the sharp market crash that sent Bitcoin below $50,000 and a strong recovery afterwards, BTC continues to struggle to stay above $60,000. Analysts, who noted that the put (sell) trend in Bitcoin had increased to -25% during the panic of the sharp decline last week, stated that the…

Less than two hours ago, popular blockchain sleuth Whale Alert, which tenaciously monitors large cryptocurrency movements and shares details on their website and on the X platform, spotted a big Litecoin transfer made to the Binance exchange. This big chunk of LTC, which is about to be sold, has set the cryptocurrency community abuzz. The deposit was made amid an unexpected Litecoin price rise. 200,000 LTC hits Binance from anon wallet The transfer, carrying 200,000 LTC to Binance, happened earlier today, and it was the equivalent of an impressive $12,765,026. The community met the news of this enormous Litecoin transfer…

With cryptoassets and the associated conversations becoming increasingly mainstream and accepted by virtually every individual and institution in the United States (and abroad), the calls for more consistent, comparable, and clear regulation and policy are only increasing in volume. The SEC, long viewed (and correctly so), has been viewed as the major obstacle to effective and enforceable crypto-specific regulation, but that is only part of the regulatory picture. Notably, even as the SEC has suffered multiple legal setbacks and has undergone turnover at prominent positions within the cyber enforcement division, Gary Gensler’s regime still casts a long shadow of the…