Author: NBTC

Cryptocurrency analyst and trader Kevin Svenson is highlighting one Bitcoin (BTC) metric that’s flashing a bullish signal for altcoins. Svenson tells his 78,500 YouTube subscribers that Bitcoin dominance, the ratio of the BTC’s market capitalization relative to the market capitalization of the rest of the crypto assets, suggests that “we might be near altcoin season.” “Bitcoin dominance beginning to fall below its trend line, which could be a good sign for the altcoins… …the fact that the Total3, the [total] altcoin market cap, is actually finding support against Bitcoin’s drop today, so this is a sign that sellers in the…

Cypherpunk Holdings, a Toronto-based publicly traded investment firm, has significantly boosted its Solana (SOL) holdings. On July 16, the firm announced that it now possesses over 63,000 SOL tokens, valued at nearly $14 million. This marks a substantial increase from last month when Cypherpunk held only 6,131 SOL tokens. At the end of the first quarter of 2024, the firm reported holding no Solana tokens at all. Running a Solana Validator Node In addition to increasing its SOL holdings, Cypherpunk Holdings revealed plans to run its own Solana validator node. The firm intends to stake 49,917 tokens, worth approximately $11…

Senator Cynthia Lummis recently expressed her belief that a Donald Trump presidency will be transformative for both Bitcoin and the country more broadly. Lummis suggested that Trump is pro-Bitcoin and that his administration will encourage innovation by reducing regulatory barriers. “Trump said a lot of pro-Bitcoin things,” Lummis said. Lummis predicts that the Trump administration will appoint key figures to critical financial regulatory agencies such as the Federal Reserve, Treasury, Office of the Comptroller of the Currency, SEC, Commodity Futures Trading Commission and FDIC. The senator argued that these appointments will be crucial to unraveling the complex regulatory environment currently…

Cryptocurrency advocate John Deaton (who particularly supports Bitcoin and XRP) has taken to his account on the X social media platform to share his take on the recent quarter-million-USD worth of Bitcoin transaction made by the U.S. government to the Coinbase exchange. This was part of the funds confiscated in 2013 from the Silk Road dark web market place when it was shut down and its founder Ross Ulbricht arrested and given two lifetime prison sentences. Deaton stated that this does not coincide with the recent SEC policy of proclaiming Coinbase illegal. This is the NONSENSE people are sick and…

Hong Kong’s largest digital lender, ZA Bank, has announced plans to support the city-state’s stablecoin plans by providing reserve bank services for digital asset issuers. In an official announcement, the digital bank disclosed that the move to provide the services to stablecoin issuers is the first of its kind in Hong Kong and is designed to integrate traditional banking services with financial technology innovation. ZA Bank’s exclusive services will allow issuers to hold accounts to store their reserves backing the stablecoin in line with new standards unveiled by Hong Kong’s regulators. Furthermore, the bank appears willing to undertake settlement services…

Cronos, a well-known Ethereum Virtual Machine compatible chain operating under Cosmos, has recently announced a new development. As per the platform, it will release its impending Cronos Mainnet v1.3 Upgrade on the 18th of July to offer improvements for RPC and backward compatibility. The platform disclosed this endeavor on its official social media account on X. 🛠️ Upgrade incoming: #Cronos v1.3 upgrade is set for 18 July 2024 at 7AM UTC.Learn more #CROFam:👉 https://t.co/xNwgKrKybT — Cronos (@cronos_chain) July 17, 2024 Cronos to Launch the Miannet v1.3 Upgrade on July 18 After the 1st proposal concerning the Cronos Mainnet v1.3 upgrade,…

Bitcoin’s drop was really unexpected, but things may turn out better than expected thanks to the fact that it is not being sold to the ground by institutions, and there is a silver lining that you should not miss if you believe that the asset is going down rapidly. Even before the U.S. government started selling BTC, spot traders had been selling their holdings. As traders anticipate an increase in supply, this inflow of Bitcoin onto the market usually sets off a sell-off. As expected under the circumstances, the market’s initial response has been sustained selling pressure. The market’s reaction…

The World Gold Council’s Q2 2024 report highlights a year-on-year increase in gold demand, marking the highest second-quarter demand since 2000. This surge is fueled by central bank purchases and OTC investments, with central bank gold buying up by 6% and technology sector demand rising by 11%. Q2 2024 Sees Record Gold Demand The World Gold Council’s latest report, published on July 30, highlights Q2 2024 trends, showing the highest second-quarter gold demand since records began in 2000. While noting that “Gold demand excluding OTC in Q2 was down 6% y/y to 929t as a sharp decline in jewelry consumption…

TRON USDT issuance surpasses $60 billion, marking a significant milestone. TRON processes 6.75 million daily transactions, showing network growth. Justin Sun, CEO of Tron Network, announced that the issue of TRON USDT has exceeded $60 billion, a significant historical milestone. With this feat, TRON becomes the first blockchain to have a single stablecoin issuance exceed $60 billion. The issuance of TRON USDT has exceeded $60 billion, which is a significant milestone. We have also become the first blockchain with a single stablecoin surpassing $60 billion! #TRX #TRON https://t.co/AM8cK08npP pic.twitter.com/VsFVNGlo2g — H.E. Justin Sun 孙宇晨 (@justinsuntron) July 16, 2024 TRON USDT…

Players can earn rewards from a 65k $SAND prize pool by participating in the Otherworld: Solo Leveling event in The Sandbox. This event is running till 23rd August, and offers three playable experiences named Otherworld Official, Second Life Ranker, and Solo Leveling – Unlimited. The Otherworld Official and Solo Leveling – Unlimited experiences are built on a 2 x 2 size land, whereas Second Life Ranker XP is built on a 1 x 1 land. During the event, players are required to complete 43 quests in on of the playable experiences to unlock a share of the reward. How will…