Author: NBTC

Golem, an Ethereum-based project, has transferred over $100 million worth of ether (ETH) to exchanges in the past month, potentially increasing selling pressure in the market. Golem raised millions of dollars during the 2016 ICO boom and has seen its token value decline significantly from its all-time high, despite ongoing development efforts in AI tools. Golem, one of the earliest Ethereum initial coin offerings (ICOs), has sent over $100 million worth of ether (ETH) to exchanges in the past month, possibly adding selling pressure to the market. ICOs were a popular way to raise funds to build cryptocurrency projects, with…

Many JasmyCoin investors seem to think the project has partnered with Apple, causing the token to leap 20% over the past 24 hours. But it’s overly optimistic news at best and most likely fake. What does appear to be true is that Tim Cook, the CEO of Apple, agreed to put Japan’s “My Number” identification card functions onto iPhones, per a spokesperson for the Japanese government. With this integration, the plan is to collect tax and social security data into a single identification card for Japanese citizens and foreign residents. As this news broke, JasmyCoin investors took this to mean…

Peru is stepping into the world of cryptocurrency with new regulations. This South American country, which is popular for its active economy, has over 32 million people. Peru relies heavily on exports like copper, gold, zinc, textiles and fish meal. The country trades mainly with the US, China, Brazil, and Chile. Despite being ranked 76th in the Global Innovation Index in 2023, a large part of the workforce of the country – at least 70% of the total workforce – works in informal jobs. It was in December 2021 that Peru introduced a new draft bill to define and regulate…

In a significant development for the mobile payment industry, Apple Inc. will now allow third-party mobile wallet and payment service providers access to the contactless payment function on its iOS operating system. This decision comes after a prolonged investigation by the European Commission into Apple’s business practices regarding its Near Field Communication (NFC) technology. Margrethe Vestager, Executive Vice President of the European Commission, made the announcement on Thursday, highlighting the implications of this change for competition and consumer choice. From now on, competitors will be able to effectively compete with Apple Pay for mobile payments with the iPhone in shops.…

A closely followed crypto analyst says that Bitcoin (BTC) could surge to a new all-time high within the next few months. In a new video update, crypto strategist Jason Pizzino tells his 330,000 YouTube subscribers he has concluded that the top crypto asset by market cap will likely skyrocket to a new record price to finish off this cycle. However, the trader says that the crypto king will remain under its previous all-time high for 4-6 months before breaking out, noting that the four-month threshold is about to be crossed. “In March, [it was] very unpopular at the time to…

Ether (ETH), the second-largest cryptocurrency by market capitalization, has fallen below the $3,000 mark in recent trading, mirroring Bitcoin’s decline and erasing gains from the weekend. This drop comes amid large holders selling off their ETH, even as anticipation builds for the potential approval of a spot Ethereum exchange-traded fund (ETF) in the United States. As per CoinMarketCap data, ETH dropped more than 4%, reaching a daily low of $2,822. However, at the time of writing, the cryptocurrency is trading at $2,914. The trading volume of ETH rose 27.25%, standing at $13.9 billion. Meanwhile, the market cap of the cryptocurrency…

As June approaches, notable token unlock events are set to influence the market. BeInCrypto has identified the top five token unlocks that could potentially impact market dynamics, providing traders and investors with both opportunities and challenges. According to data from TokenUnlocks, in June 2024, the crypto market will see the release of over $800 million worth of tokens into circulation. This influx of liquidity will potentially create waves across various digital assets. Anticipated Token Unlock Events in June 2024 Token unlocks are pivotal for the crypto market because they introduce previously unavailable tokens to the public market. This often leads…

Bitget, a prominent cryptocurrency exchange, has published its Q2 2024 transparency report, revealing impressive growth and milestones achieved in the first half of the year. Notably, the report highlights a significant 50% surge in website traffic, resulting in a substantial 10 million monthly visitors. According to the exchange’s proof-of-reserve data, there has been a substantial influx of funds, with users’ holdings in Bitcoin (BTC), Tether (USDT), and Ethereum (ETH) increasing by 73%, 80%, and 153%, respectively. This translates to a total capital inflow of approximately $700 million. Furthermore, the platform has seen an influx of new users, with 2.9 million…

The US Consumer Price Index (CPI) inflation numbers coming below expectations today can boost liquidity for both equity and crypto markets, according to Jag Kooner, Head of Derivatives at Bitfinex. Yet, the concerns about Bitcoin (BTC) supply waiting to be dumped in the market could still keep investors at bay. The CPI came at 3%, below the expectations of 3.1%, while the Core CPI, which excludes food and energy, also fell below the 3.4% expectations. Kooner highlights that this signals a more significant slowdown in inflation since it is the third consecutive monthly reduction. “This could reinforce the market’s expectation…

Ether rose past $3,000 during European trading hours. Discounts in the Grayscale Ethereum Trust and the Coinbase indicator have evaporated. Price charts show seller exhaustion near the long-held support at $2,800. After falling nearly 20% in the four weeks to July 5, the ether (ETH) market finally shows signs of seller exhaustion and a potential bullish turnaround. Early Monday, the native token of the Ethereum blockchain rose over 4% to $3,050, bouncing off crucial support, according to CoinDesk data. The recovery, coupled with other indicators gauging demand and investment sentiment, suggests the cryptocurrency may have bottomed out ahead of the…