Author: NBTC

Crypto exchange Kraken said it received Mt. Gox creditors’ funds, according to an email statement seen by CryptoSlate. According to the email: “We have successfully received creditor funds (BTC and BCH) from the Mt. Gox Trustee. While we will work to distribute funds as quickly as possible, please anticipate 7-14 days for funds to be credited to your account. The amount you will receive has been determined by the Trustee, and we will distribute according to their instructions.” Earlier today, Mt. Gox transferred approximately 92,000 BTC, valued at $5.8 billion, to four unnamed addresses, according to the blockchain analytical platform…

So far, Bitcoin has seen significant volatility in the last trading session, hinting at frail investor sentiment. Earlier today, the asset soared to as high as $57,300. However, the asset now appears to have run out of steam after reaching this mark as it trades at $55,966, down by 1.6%. This surge in volatility is a sign that the market has become more fearful as traders watch several key technical levels. However, the latest data suggests a shift in trader patterns as more defensive strategies are sought. Analysts from the ETC Group report have noted a substantial increase in the…

API3, a prominent player in the decentralized oracle network that enables APIs to feed data directly into blockchain smart contracts, has announced a strategic integration with IronClad Finance. This collaboration aims to revolutionize the decentralized lending market on the Mode network, marking a significant advancement in the accessibility and functionality of DeFi (decentralized finance) applications. IronClad Finance, known for its robust DeFi solutions within the Superchain ecosystem, has adopted the API3 Oracle Stack to enhance its lending services. This integration facilitates a more secure and reliable data flow, crucial for the accuracy and efficiency of financial services on the blockchain.…

Traders and investors were waiting for Fed Chairman Jerome Powell’s speech to the Washington, DC Economic Club at noon on Monday. Here are important excerpts from Powell’s speech: The economy has performed quite well in the last few years. I’m grateful the former president’s injury wasn’t more serious. The labor market has gradually become more balanced. The US economy has performed quite well in the last few years. The economy was expected to slow this year and inflation would continue to advance; Something similar happens. Some further progress was made on inflation in the second quarter. The economy was expected…

PEPE is on a strong upward trend with a 145% gain in May and rising market demand. MANTA shows impressive growth, rising 10.4% in a week, driven by significant transaction increases. STRK gains momentum with a 21% increase, boosted by Vitalik Buterin’s million-dollar grant endorsement. With the expected altcoin rally clearing the crypto market, the hype surrounding altcoins has reached a fever pitch. With expanding benefits within the case of numerous cryptocurrencies, the anticipation is even higher. Overall, with the never-ending demand for altcoins, this week is set for higher investor returns. Based on that, PEPE, MANTA, and STRK are…

OKX, a leading Web3 technology company, announced the integration of Compound v3 (Arbitrum) – ETH into its On-chain Earn platform. This latest update, effective from 13:00 UTC on July 15, 2024, marks a pivotal step in simplifying access to on-chain rewards. The initiative is part of OKX’s ongoing efforts to enhance user engagement by providing simplified, lucrative DeFi investment opportunities. Compound v3, specifically running on the Arbitrum network, represents an evolution in providing users with more efficient and flexible ways to earn on their cryptocurrency holdings. By eliminating subscription limits and streamlining operational steps, OKX aims to deliver a more…

Veteran trader Peter Brandt has raised the possibility of Bitcoin dropping to as low as $44,000. He predicted this could happen based on a technical indicator that paints a bearish outlook for the flagship crypto. Why Bitcoin Could Drop To $44,000 Brandt predicted in an X (formerly Twitter) post that Bitcoin could drop to as low as $44,000 if the flagship crypto has completed a double top. A double top is a bearish pattern that indicates that BTC could witness a severe reversal to the downside, having hit two consecutive peaks and a moderate decline between them. Based on Brandt’s…

Gods Unchained Cards led CryptoSlam’s NFT sales board on Tuesday, with US$930,439. The Immutable-based collection saw an influx of 7833 transactions. This surge in sales has significantly impacted Gods Unchained’s all-time sales volume, which now sits at the 16th spot, behind Bored Ape Kennel Club. In second place, Ethereum-based Autoglyphs recorded a total of US$858,764.77 in sales with only four transactions. The third-ranking collection for the day, Bored Ape Yacht Club, saw a total of US$586,444 in sales. The Ethereum-based collection now has an all-time sales volume of US$3.17 billion, which is second in the industry. It trails the all-time…

Justin Sun, a well-known entrepreneur and the founder of Tron, has recently made another significant move concerning $ETH. As per the popular on-chain analytics provider Spot On Chain, Justin Sun allegedly redeemed up to 14,436 $ETH from the famous crypto exchange Binance. The analytics platform took to its official social media account to provide insights into this development. 9 hours ago, Justin Sun allegedly withdrew 14,436 $ETH (~$45.5M) from #Binance.3 days ago, he deposited 45M $USDT to the CEX; therefore, this time’s purchasing price was ~$3,117.Overall, since Feb 8, he might have bought 377,188 $ETH at ~$3.049 via 3 wallets…

Several factors are driving today’s 11% surge in the price of Shiba Inu, including the anticipated SHIB ETF and a heightened increase in trading activity. Shiba Inu is enjoying a remarkable year, with its value reaching levels similar to those seen in early April. Over the last 24 hours, it has surged by 11%, contributing to an overall increase of 7% over the past week. As of press time, SHIB is trading at $0.00002881. Admittedly, there are numerous factors contributing to today’s surge in SHIB’s value. A key event catching the eye of the crypto community involves whales executing substantial…