Author: NBTC

What’s happening? This past week Ethereum has witnessed a massive sell-off crisis, with the price dropping below $2,900. A recent report by CoinShares highlights that Ethereum has experienced a massive capital outflow, the largest since August 2022, with total losses amounting to $119 million over the last couple of weeks. This cointinues a trend from a week ago, when Ethereum’s price dropped from a high of $3887 to a low of $3232, marking a 16.9% loss. Even though ETH’s price may be stagnating at the moment, a surge in staking indicates that existing users believe in the long-term potential of…

Venture capital investments in crypto continued to rebound in the second quarter, with a total $3.2 billion invested during the period — up 28% compared to $2.5 billion in the previous quarter, according to Galaxy Digital latest research report. The report also identified a 94% quarterly surge in median pre-money valuation, which rose to $37 million from $19 million in the first quarter. Galaxy noted the second quarter’s median pre-money valuation is the highest since the fourth quarter of 2021 and represents an almost all-time high. It attributed the surge to a more competitive market, giving companies greater negotiation leverage…

In a significant stride forward for blockchain education and gaming, Ronin and Coinbase have announced the launch of the Ronin quests and quizzes on Coinbase’s Learn & Earn platform. This new campaign allows Coinbase users to earn RON rewards by engaging with Ronin’s educational content through the Coinbase app. Today, our alliance with @coinbase reached new heights.Ronin is now LIVE on Coinbase Learn & Earn!Complete Ronin quests and quizzes to earn RON rewards through the Coinbase App ⚔️Over the past few months, we’ve built portals between our collective movements:Coinbase’s RON… pic.twitter.com/BdvnIQqENc — Ronin (@Ronin_Network) June 3, 2024 Ronin and Coinbase…

Amid a drop in the cryptocurrency market, Michael Saylor, MicroStrategy’s chairman, has issued a rallying call to crypto holders. “Teleport your money to safety,” Saylor wrote in a tweet while tagging Bitcoin. This metaphorical advice comes at a critical time when the market is experiencing significant volatility, and investors are seeking a haven for their digital assets. Teleport your money to safety. #Bitcoin pic.twitter.com/nqYrLWB64C — Michael Saylor⚡️ (@saylor) May 14, 2024 Michael Saylor’s statement might not be about literal teleportation but rather a strategic move to safeguard investments. By using the term “teleport,” Saylor emphasizes the speed and decisiveness required…

The Ethereum price has experienced significant volatility recently, rebounding from a low of $2,800 to the current critical level of $3,000. This recovery, marked by a +3% increase in the past 24 hours, comes amid broader market fluctuations and an 11% decline over the past week. With the crypto community closely monitoring the market, the key question is: What lies ahead for Ethereum? In this article, we will delve into the latest trends, provide an Ethereum price prediction, and discuss the implications of potential further declines or recoveries. Ethereum Price Prediction: Current Status and Future Outlook Ethereum Price Today: Overview…

India’s largest information technology service provider, Tata Consultancy Services (TCS), has entered into a partnership with deep tech company, Crunchfish for central bank digital currency (CBDC) projects around the world. The partnership between Crunchfish and TCS will augment the Quartz solution for CBDCs with offline payments enabled by Crunchfish’s patented Digital Cash solution. In 2022, TCS said that it had enhanced its award-winning Quartz solution to allow central and commercial banks to support the CBDC issuance, bookkeeping, and transactions. “We will work closely with TCS to promote solutions to central banks and other parties that require secure, scalable, and resilient…

The DOG•GO•TO•THE•MOON (DOG) cryptocurrency has surged as much as 14% over the past 24 hours. According to CoinMarketCap data, its valuation currently stands at $886 million. This comes less than two months after the meme coin was airdropped to the holders of the Runestone Bitcoin Ordinal in late April. One of the hottest meme coins has also seen a 65% jump in trading volume over the past 24 hours. It is so far available only on such minor exchanges as Gate.io and Bitget. As reported by U.Today, DOG’s success has managed to revive interest in Runes Protocol, a new token…

Amidst the aftermath of the Bitcoin halving and a shifting landscape in the mining industry, insights from Manthan Dave, Co-Founder of Palisade, Ripple-backed digital asset custody platform, shed light on the evolving dynamics. —As the mining sector grapples with profitability challenges and potential consolidation, Dave offers perspectives on the future trajectory of the miner ecosystem. Dave delves into the implications of jurisdictional arbitrage, regulatory clarity, and the role of Spot Bitcoin ETFs in stabilizing the market post-halving. Additionally, Dave forecasts the potential impact of Ethereum ETFs and envisions Bitcoin’s price trajectory, suggesting a bullish outlook.Navigating the Post-Halving SqueezeDave reflects, “Everyone…

This week has witnessed exclusive NFT sales and developments. As per CryptoSlam (a prominent NFT data aggregator), the recent seven days saw Pudgy Penguins as the top NFT collection dominating the market in terms of sales volume. The NFT aggregator disclosed that the famous NFT collection has obtained a lot of attention in the community. CryptoSlam’s List of Top 10 NFTs Based on Sales Witnesses Pudgy Penguins at the Peak CryptoSlam pointed out that Pudgy Penguins saw $3,402,410 worth of sales during the recent seven days. The respective sales denote a 0.62% rise in the meantime. DMarket held the 2nd…

Despite market volatility, Ethereum (ETH) surged 3.1% to over $3,500, showing remarkable resilience. Analysts predict Ethereum could rally to $4,723.5 or higher, with a surge to $6,300 by late July 2024. 4lMt Gox sell offs and German dumping caused turbulence, but the market is recovering. Following a dip in the general crypto market, Ethereum has shown remarkable resilience by regaining footing. The world’s second-largest cryptocurrency by market capitalization has surged by 3.1% in the past 24 hours, bringing its price to just above $3,500. $ETH (Ethereum)’s $4,723.5 target goes UNCHANGED, meaning a near +60% upside from here could still take…