Author: NBTC

Ethereum (ETH), the second-largest cryptocurrency, has set a crucial record: the share of its supply held on centralized exchanges has never been lower. Typically, analysts treat this as a bullish midterm signal. Ethereum (ETH) supply shock coming, this metric says Share of Ethereum (ETH) supply stored on centralized exchanges across the globe reached absolute low in the entire asset’s history. As of late August 2024, only 9.75% of Ethers (ETH) are sitting on CEXes, Glassnode data says. 🚨 WE ARE NOT BULLISH ENOUGH! 🚨🔥 The percentage of #Ethereum held on centralized exchanges just hit a NEW ALL-TIME LOW! 📉As this…

Speculation is mounting in the crypto community as rumors about China potentially lifting its ban on Bitcoin (BTC) and other cryptocurrencies resurface. A recent cryptic post by TRON founder Justin Sun and several other developments have fueled these rumors. Could China Reopen the Doors to Crypto? Here’s What We Know On August 18, Sun stirred the crypto community with a provocative post on his X (Twitter) account, stating, “China unbans crypto. What’s the best meme for this?” This message quickly ignited speculation among enthusiasts and industry insiders, sending ripples through the market. Chase, the co-founder of the Solana Virtual Machine…

Shiba Inu rival Floki has issued an important scam warning to the cryptocurrency community. In a recent tweet, Floki raised an alarm regarding fraudulent claims that suggest the existence of a Floki token on the Base or Solana blockchains. Floki has clarified that its token, FLOKI, is only tradeable on the Binance Smart Chain (BNB) and Ethereum (ETH) blockchains. To prevent any confusion and ensure the safety of crypto participants, Floki has provided the correct contract addresses for trading on these two chains. The team has emphasized that any other claims of FLOKI tokens existing on different blockchains are entirely…

John Reed Stark, a former official in the U.S. Securities and Exchange Commission, described a recent ruling in the SEC v. Kraken case as a massive victory for the regulator. As reported by U.Today, Judge William Orrick shot down Kraken’s motion to dismiss the closely watched lawsuit earlier this week. The SEC took Kraken to court last November, accusing the exchange of offering unregistered securities on its platform. The list of these alleged securities includes such prominent cryptocurrencies as Cardano (ADA) and Solana (SOL). Marco Santori, chief legal officer at Kraken, attempted to spin the recent ruling as a “significant…

CCIP has launched Mainnet Early Access on Avalanche, Ethereum, Optimism, and Polygon. Key features include programmable and simplified token transfers with active risk management. CCIP’s potential for mass adoption is underscored by its integration with leading DeFi protocols. The Cross-Chain Interoperability Protocol (CCIP) has just begun Mainnet Early Access on many blockchain networks, including Avalanche, Ethereum, Optimism, and Polygon. 1/8 We are here now at @Chainlink #CCIP mass adoptionWe are all waiting for CCIP to become a standard cross-chain solution used by most Web3 projects and TradFi institutions too.Let’s take a look at some charts to see how and when…

Over the past 30 days, 62,699 ETH, valued at $172 million at current market prices, have been added to the leading altcoin’s circulating supply. The circulating supply now stands at 120.30 million ETH, marking its highest level since the year began. Ethereum Sees Decline in Activity and Burn Rate According to data from Ultrasound.money, ETH’s circulating supply has steadily risen since April 14. An asset’s circulating supply refers to the number of coins or tokens available to the public. It increases when more tokens become available for trading. In Ethereum’s case, this supply growth happens when the network witnesses a…

The world of meme coins has turned all sorts of internet icons into crypto favorites, and now a relatively new one—Mew, a cat based on the Solana meme coin Cat in a Dogs World (MEW)—is entering a popular Telegram-based combat game to battle against a dog boss based on the iconic Doge meme. On Wednesday, Pixelverse announced that it has teamed up with the creators of MEW to bring a combatant based on the coin to PixelTap, a tap-based crypto game on Solana. According to the developer, Mew is positioned as a rival to Shibatoni, a hulking canine fighter inspired…

NFL Rivals, the officially licensed video game of the National Football League and NFL Players Association, shared the details of a partnership with Super Bowl LVIII champions, the Kansas City Chiefs. The game is set to score the status of “Official Mobile Game of the Chiefs” for the 2024 NFL Season. NFL Rivals, Kansas City Chiefs tease official mobile game launch According to an official joint statement, NFL Rivals, an NFL-licensed Web3 game by Mythical Games, entered into a partnership with the legendary Kansas City Chiefs American football team. NFL Kickoff is right around the corner!Celebrate with @PlayNFLRivals 🎉New events,…

Bitcoin miners are again in the hot seat, with recent revelations from The Economist causing a stir. Environmental activists have long criticized the industry for its energy consumption, and now, new claims have reignited the debate. It’s important to explore what this could mean for crypto’s future. Join us as we dive in. Bitcoin Miners Holding Texas Electricity Hostage? The controversy centers around the Electric Reliability Council of Texas (ERCOT), responsible for managing the state’s power flow. It’s been reported that ERCOT pays Bitcoin miners not to operate their computers on days of high electricity demand. Last August, Riot Platforms…

ENS Labs, the company behind the open-source blockchain naming protocol, Ethereum Name Service, is collaborating with Dentity, a leading digital identity provider, to integrate verifiable credentials on-chain. The new integration allows ENS users to link their on-chain identity with their real-world identity, giving them the power to decide the scope of the information they share, the companies said in a statement on Wednesday. The development could have far-reaching implications for the future of online identity. ENS users can maintain control over publicly accessible personally identifiable information while ensuring that no such information is stored on-chain. Khori Whittaker, Executive Director of…