Author: NBTC

A quant has pointed out how the trends in the BitMEX exchange reserve have affected the Ethereum price during the past few years. BitMEX Ethereum Whales Have Shown Smart Money Behavior In Recent Years In a CryptoQuant Quicktake post, an analyst discussed a pattern in the ETH exchange reserve of the BitMEX platform. The “exchange reserve” here refers to an on-chain metric that keeps track of the total amount of Ethereum that’s sitting in the wallets of any given centralized exchange. When the value of this metric rises, investors will make net deposits to the platform right now. As one…

VeChain teams up with EVearn and Tesla to introduce the ‘Charge2Earn’ dApp, incentivizing sustainable driving. This collaboration enhances the utility of blockchain in sustainability efforts, potentially boosting VeChain’s value. Recently reported by CNF, VeChain has entered a significant partnership with WoV Labs to push the envelope on ‘Phygital’ tokenization, merging physical and digital assets via Web3 technologies. In their latest venture, VeChain joins forces with VeBetterDAO, aiming to mainstream sustainability by leveraging collective action for environmental impact. This initiative encourages community involvement in eco-friendly activities, amplifying their real-world impact. Charge2Earn: Driving Sustainability with VeChain and Tesla Collin Brown, a prominent…

Chiliz, a blockchain platform specializing in sports and entertainment fan tokens, is facing a legal challenge from a former Korean employee alleging the company failed to deliver on $10 million worth of promised token compensation. South Korean news outlet NoCutNews reports that the ex-employee alleges Chiliz officials failed to deliver on a promised $10 million worth of tokens, which were part of his compensation package from 2020 to 2022. The dispute began when the former employee filed suit against Chiliz officials on April 19, claiming he was terminated for raising concerns about the unpaid tokens. The employee’s lawsuit claims that…

Bitcoin miner Bitfarms reported an increase in Bitcoin production for June following an overall capacity upgrade. According to its latest monthly production report, Bitfarms’s BTC production rose 21% month-on-month to 189 BTC in June, up from the 156 BTC it produced in May. The miner stated that its production was impacted by the curtailment in Argentina and the downtime associated with upgrading its miners in Quebec. However, this was partially offset by a 0.8% decrease in network difficulty compared to May. Meanwhile, the company sold 71% of the 189 BTC it produced, netting $8.8 million as part of its regular…

Band Protocol has announced a strategic partnership with Coreum, aiming to bridge Real World Assets (RWAs) and enterprise use cases to the burgeoning Cosmos ecosystem. This collaboration marks a pivotal step towards simplifying the integration and interaction across different blockchain networks, bolstering the capabilities of developers within this decentralized landscape. Band Protocol, known for its robust oracle solutions, is integrating with Coreum to deploy its Oracle network across the Cosmos ecosystem through the innovative CW-Band library. This partnership is set to enhance the utility of Band’s oracles, providing developers with streamlined, efficient tools for incorporating vital external data into their…

Bitcoin’s price is finally gaining some bullish momentum following almost two months of correction. It seems that the bulls are looking to paint a new record high in the coming weeks, but will they make it? Technical Analysis By TradingRage The Daily Chart Bitcoin’s daily price action has been showing an apparent corrective behavior. The cryptocurrency has been making lower highs and lows since dropping from $75K. The gradual decline inside a descending channel shows the market was in a corrective phase rather than a full-on bearish reversal. Yet, the price has finally broken above the channel’s midline and is…

The world has significantly improved since crypto became mainstream. Through crypto, NFTs (Non-Fungible Tokens), blockchain technology, and the Web3 universe, crypto enthusiasts will encounter many new experiences that will change how we view and use the online space. And if you are passionate about NFTs but don’t always feel that buying them is profitable, we’ve prepared some July NFT airdrops and giveaways that might catch your attention. Table of contents Ethereum NFT Drops FTLS Reimagined Otterly Xylocats Eclipse Solana NFT Drops Radicals The Ark of Noah Pitahayas on Sol Polygon NFT Drops Metamusex – Men Crypto Robots City Base NFT…

Crypto exchange BloFin believes the imminent launch of spot Ethereum exchange-traded funds (ETFs) in the US will drive a short-term surge in ETH prices as investors shift their attention from Bitcoin to the second-largest crypto asset by market capitalization, according to a June 26 research note shared with CryptoSlate. The exchange, citing various data points such as options skewness, portfolio adjustments, and whale holdings, noted that the ETFs’ launch would likely boost Ethereum’s short-term price. BloFin analysts said: “The relative strength of BTC has lasted for several months, but investors are changing their views: they seem to believe that the…

Shiba Inu, the lead developer, reacts as the Ethereum founder presents features that a celebrity meme coin must have to attract his respect. The meme coin scene has seen a notable exchange between Ethereum founder Vitalik Buterin and Shiba Inu lead developer Shytoshi Kusama. This interaction unfolded on X, sparked by a discussion initiated by Chris Buniske, a partner at crypto hedge fund Placeholder. Buniske pointed out the potential of a MOTHER, a meme coin tied to Iggy Azalea. He suggested it could be a pioneering example of sustainable value creation in the ongoing wave of celebrity-backed cryptocurrencies. This observation…

Trump hints at pro-Bitcoin advocate Vivek Ramaswamy for VP, praising his business expertise. Ramaswamy’s Bitcoin support distinguishes him in the political landscape. Ramaswamy’s VP selection could attract tech-savvy voters and shape GOP economic policies. Since it became clear that the 2024 presidential election was going to be a rematch between Donald Trump and Joe Biden, political observers have turned their attention to Trump’s potential running mate. Candidates usually look for a vice presidential candidate to balance the ticket geographically, ideologically, or demographically. Pro-Bitcoin advocate Vivek Ramaswamy, however, is a surprising contender in Trump’s consideration of a vice president. NEW: Vivek…