Author: NBTC

As most cryptocurrencies have experienced bearishness in the past several days, Chainlink has remained relatively stable and even spiked by 6% within the last 24 hours. At the time of writing, its price is 5.84% higher than its initial price in April and has risen to $18.21 with a market capitalization of $10.6 billion. This exceptional rise comes with an even more outstanding rise in daily turnover, with a 132% increase to $850M. Chainlink is enjoying increased positive sentiment as it finds strong support at critical points. Analysts expect it to grow by between 150% to 300% within the next…

European bitcoin mining firm Northern Data is pushing back against a whistleblower suit filed by two former executives of the company who say they were wrongfully terminated after raising concerns about the company’s financial health and alleging tax evasion. On Monday evening, lawyers for Northern Data filed a motion to dismiss the federal case, calling it a “textbook example of bad faith litigation” and alleging that the two plaintiffs – Gulsen Kama and Joshua Porter – had “unproductive, brief tenures at the company” after which Kama was fired for cause and Porter was laid off for his “lack of productivity”…

Speed Markets, powered by Thales Protocol, has evolved into a robust Account Abstraction dApp, marking a significant milestone not only for Thales but for the decentralized application space at large. Since launching in August 2023, Speed Markets has attracted over 1,800 users and facilitated 44,000 markets across five chains, demonstrating the platform’s wide-reaching appeal and functionality. Optimism leads these chains with $1.5 million in trading volume, evidencing the community’s preference for its fast, low-cost operations. Better to rely on the fastest oracle to build your speed markets 🏎️@thales_io released its dedicated Speed Market dApp, one of the world’s first onchain…

The German government continues to sell Bitcoins in its wallet despite the major drops in the Bitcoin price. According to data from blockchain analysis firm Arkham, Germany transferred hundreds of millions of dollars worth of Bitcoin today. German Government Continues Bitcoin Sales! According to Arkham data, a German government address transferred approximately 3,133 BTC ($170 million) to crypto exchanges and crypto market makers in the last hour. The transfers include 300 BTC ($17.13 million) each to Coinbase and Bitstamp exchanges and 1,000 BTC ($57.08 million) to market maker Flow Traders. Additionally, he sent 250 BTC worth $14.29 million to an…

Caitlyn Jenner launched her JENNER Solana meme coin on Sunday through Pump.fun. Now, two days later, the Olympic gold medalist is claiming Sahil Arora, the promoter she worked with, owes her “lots of money.” Decrypt reported that Arora helped launch the meme coin on Monday, Jenner got in touch to say that the crypto promoter owed her a lot of money. “He has gone radio silent after showing a couple of wire transfers,” Jenner told Decrypt. But she didn’t stop there. Not long after she sent the message, she made her thoughts on Arora public. “FUCK SAHIL! He scammed us!…

Failed cryptocurrency exchange FTX and the US Commodity Futures Trading Commission (CFTC) have agreed to a $12.7 billion settlement and are awaiting approval of the deal by a judge in Delaware. The two sides had been in negotiations for several months, as revealed in a court document filed July 12 in the U.S. Bankruptcy Court for the District of Delaware. The proposed settlement is a key component of the debtors’ proposed Chapter 11 reorganization plan. The agreement aims to resolve ongoing litigation and disputes with one of the debtors’ largest creditors. It also aims to avoid the cost and delay…

Yesterday, on July 17th, TLXFi, the custodial leveraged token platform, officially integrated the powerful Chainlink automation and price feeds on the Optimism network. This is an important integration, as by automating processes, developers save on setup and maintenance costs and avoid the risks associated with centralized automation systems. .@TLX_FI has integrated #Chainlink Automation and Price Feeds on @Optimism.TLX is using Chainlink to enhance security and automatically rebalance tokens for its protocol. pic.twitter.com/1JxF8zL621 — Chainlink (@chainlink) July 17, 2024 Optimism serves as the foundation for TLXFi, which is a permissionless, non-custodial leveraged token platform. Additionally, it lets users create leveraged tokens…

Bitcoin’s price stands at $57,206, with an intraday 24-hour range between $54,296 and $58,441. The market capitalization is $1.12 trillion, and the 24-hour trade volume reaches $33.69 billion. Bitcoin Bitcoin’s 1-hour chart shows a recent downtrend from $58,441 to $54,296, followed by a sharp recovery to approximately $57,500. The support level is firmly established at $54,296, while resistance is noted at $58,441. A significant increase in trading volume during the upward movement suggests strong buying interest at lower levels, indicating a potential short-term rally. BTC/USD daily chart on July 8, 2024. On the 4-hour chart, bitcoin has experienced a notable…

The crypto market’s first meme sensation and the largest meme token on Solana, Dogwifhat (WIF), continues to tear up not only the crypto space, but also the news headlines. This time it was due to the phenomenal price action of the meme cryptocurrency, which features an extremely cute Shiba Inu puppy wearing a knit cap. In less than two days since the beginning of the week, the price of WIF has literally skyrocketed by more than 25%. As a result, the Dogwifhat token has reached $3.75, which is only 30% below its all-time high of $4.88. Given the rate at…

In a strategic move influenced by upcoming general elections, South Korea has decided to delay the implementation of taxes on cryptocurrency gains until 2028. Initially, the government planned to impose a 20% tax on profits from crypto investments exceeding 2.5 million won (approximately $1,875) starting January 2023. This timeline was subsequently pushed to 2025, and now further delayed to 2028. The ruling People Power Party (PPP) argues that establishing a comprehensive regulatory framework is paramount before any taxation is enforced. This approach aims to ensure the stability and security of the crypto market, addressing its complexities and rapid evolution. What…