Author: NBTC

Analytics X account @lookonchain spreads the word about a large whale, who is long on ETH. Currently, this trader is on the verge of liquidation, the tweet states, while he is about to lose the more than $30 million in crypto that he borrowed. Ethereum (ETH) whale on verge of liquidation According to the data source, this whale deposited 12,374 ETH to Compound, while he borrowed $31.4 million stablecoins. @lookonchain says that should the Ethereum price continue to decline, once it falls to the $2,984 level, this whale’s long positions will be liquidated. As the market declines, the whale who…

Our column on crypto price analysis continues, today the assets examined are Polygon (MATIC), MyNeighborAlice (ALICE), and Toncoin (TON). Prices and market statistics of the crypto Polygon (MATIC), MyNeighborAlice (ALICE) and Toncoin (TON) Recent news of the assets Conclusions Prices and market statistics of the crypto Polygon (MATIC), MyNeighborAlice (ALICE) and Toncoin (TON) Polygon (MATIC), one of the main scaling solutions for Ethereum, has recently seen a significant price increase, rising from about 0.64 to 0.77 USD. This increase has been fueled by a series of important updates and announcements. Currently, the market capitalization of MATIC stands at around 6.5…

SFT Protocol, a blockchain protocol enabling dApps to access real-world data, has announced an exclusive development. As per the company, it has conducted the sell-out of Titan Network Phase III hardware infrastructure under the SFT Chain by burning up to 20,000 rSPD tokens. The platform took to its official account on X to reveal this move. 🔈 Today, we’re excited to announce the sell-out of SFT Chain’s Titan Network Phase III hardware infrastructure, with 20,000 #rSPD burned! 🚀 Thank you for your tremendous support. SFT Chain remains committed to exploring new projects, fostering innovation, and creating… pic.twitter.com/UGI1dPxAA0 — SFT Protocol…

Given the high hopes that persisted through much of 2024 stemming from the approval of spot exchange-traded funds (ETFs), the reaching of a new all-time high (ATH) in March, and the April halving event, there has been a surprising amount of drama and uncertainty surrounding Bitcoin (BTC) in recent weeks. Indeed, while earlier analyses predicted Bitcoin would hit $100,000 in no time, and some of the cryptocurrency’s bigger bulls estimating it can reach $300,000 by the end of 2024, the debate has shifted on whether the coin can even hold above $60,000 or if BTC will need to find its…

Ethereum price remained in a bearish zone below $3,250 zone. ETH dived below the $3,000 support and even tested the $2,850 zone. Ethereum started a fresh decline below the $3,120 and $3,000 levels. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,000 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct losses, but upsides might be limited above the $3,120 zone. Ethereum Price Dives 8% Ethereum price failed to start a recovery wave above the $3,150 and $3,200 resistance levels.…

Binance shuffles over 77 million XRP in two transactions over the past 24 hours. Prominent crypto data tracker Whale Alert indexed these transactions in two different X posts today. According to Whale Alert, over 77 million XRP coins were withdrawn from Binance in the early hours of today. Details of the Transactions Data from Whale Alerts shows that the funds were withdrawn in two transactions. The first transaction occurred today at exactly 03:20 (UTC). Per Whale Alert’s data, a Binance user withdrew 50,756,791 (50.75 million) XRP, worth $26.2 million, to an untagged address, “rhWj9g…FLQkK.” 🚨 🚨 50,756,791 #XRP (26,209,981 USD)…

The Celo Foundation is thrilled to announce the successful launch of the Dango Layer-2 testnet, marking a significant milestone in cLabs’ efforts to integrate Celo’s blockchain with Ethereum. The launch invites developers to start testing the updated code on this new fork of the Alfajores testnet. 📣 Breaking #CEL2 News: the Dango Layer 2 testnet is now live! 🍡Ahead of EthCC 2024, @cLabs successfully launched the fork of Alfajores testnet, inviting developers to start testing the updated code🧵 Keep reading for the key benefits & details! ↓ pic.twitter.com/QJgg2RN33y — Celo 🦇 🌳 (@Celo) July 7, 2024 Dango Layer-2: A New…

A new evaluation came from 10X research founder Markus Thielen, who came to the fore with his successful prediction of the declines and rises in Bitcoin in the past months. At this point, evaluating the impact of this week’s PPI and CPI data on the BTC price, Thielen stated that these data will affect the BTC price. Thielen said that investors expect there to be a significant movement and fluctuation in the Bitcoin price by the end of the week. Stating that investors expect a +/-6% movement in the Bitcoin price this week due to the impact of PPI and…

Hong Kong-based crypto exchange HashKey has announced the launch timeframe for its own Ethereum layer-2 solution called HashKey Chain. Hong Kong’s largest licensed crypto exchange operator, HashKey Group, has announced the launch period for its Ethereum layer-2 solution dubbed HashKey Chain. In an X post on Jul. 8, the X account behind the project revealed that the network’s mainnet is scheduled to be launched in Q4, without providing a specific launch date. Coming soon！ pic.twitter.com/BPHNAvZmgP — HashKey Chain (@HashKeyChain) July 8, 2024 You might also like: Hong Kong’s HashKey Group becomes unicorn with $100m funding The HashKey Chain network will…

Bitcoin embodies decentralization, security, and self-sovereignty. But today, financial transactions with Bitcoin require the use of custodians or bridges – a reliance on intermediaries that has led to disastrous losses numbering in the billions of dollars. Discreet Log Contracts (DLCs) are poised to change that by allowing users in the space, for the first time, to deliver on the core ideals of building on Bitcoin. The following opinion editorial was written by Aki Balogh, Co-founder and CEO of DLC.Link. Discreet Log Contracts Originally proposed in 2018 by Tadge Dryja, the co-inventor of the Lightning Network, DLCs enable new decentralized financial…