Author: NBTC

Ethereum (ETH) price rise is on the cards, given the investors are exhibiting positive signs through their actions. The question, however, is how far this potential rise can go before it comes to a halt. Ethereum Investors Remain Optimistic Ethereum’s price may have a shot at climbing the charts soon as ETH holders continue to accumulate. The exchange net position change shows that outflows have dominated the market since the beginning of the month. In the past three weeks, over 1.1 million ETH worth over $3 billion have been moved out. Outflows here do not point to money leaving the…

In the early 2000s, before the creation of Bitcoin, a mommy blogger-type community of Japanese housewives met via the internet and helped one another master a skill that would set them up to become some of bitcoin’s earliest and most successful traders. It is not a coincidence that Mt. Gox, Bitflyer, CoinCheck, Zaif, and Liquid (previously Quoinex and Qryptos) — crypto exchanges founded in Japan over a decade ago — once ranked among the most voluminous crypto exchanges. Japanese conglomerates SBI and Rakuten also rank among crypto’s most prolific investors, funding some of the earliest rounds of Ripple, Bitcoin miners,…

Chromia, a Layer-1 relational blockchain platform, has launched an incentivized testnet that will offer a reward pool of 250,000 CHR tokens. Users and developers will test Chromia’s capabilities across multiple verticals, including gaming, real-world assets (RWAs), digital collectibles and sports. Chromia’s testnet Testnet users can interact with decentralized applications (dApps) and Chromia’s official wallet, and earn the native CHR tokens ahead of the platform’s mainnet launch. According to a press release, the testing program will encompass three distinct initiatives, each of which comes with a dedicated network run on Chromia’s mainnet candidate release. “Ahead of the mainnet release, this is…

Bitcoin’s hashrate has rebounded to the historic highs seen just before the fourth reward halving event. According to the seven-day simple moving average, the network’s hashrate reached a record 657 exahash per second (EH/s) this week. Bitcoin Hashrate Reaches Unprecedented 657 EH/s Following a significant drop post-halving, much of the hashrate has returned to the Bitcoin network. On May 8, the seven-day simple moving average (SMA) indicated the network had fallen to a low of 582 EH/s. Bitcoin hashrate via the seven-day SMA on May 28, 2024. This week, on May 25, 2024, the hashrate climbed to an all-time high…

On June 17, 2024, ethereum is priced at $3,521, fluctuating between $3,495 and $3,645 over the past 24 hours. Ethereum On the 1-hour chart, ethereum’s (ETH) recent high is $3,652, and the low is $3,484. The trend has been bearish following the peak on June 21, characterized by increased selling volume. A potential entry point is near the support level at $3,485 if a reversal with increased buying volume is observed. Conversely, an exit point may be around $3,650, a significant resistance level. ETH/USD daily chart via Bitstamp. The 4-hour chart shows a broader downtrend with intermittent rises suggesting possible…

With US spot bitcoin ETFs trading and ETH funds set to follow soon, Brazilian asset manager Hashdex looks to launch a fund that would hold both assets. The approval of such a fund in the US would mark another milestone during a year with already a few crypto fund firsts. The first US spot bitcoin ETFs received the Securities and Exchange Commission’s long-awaited blessing in January. Spot ether ETF launches are imminent as the agency currently works with fund issuers to finalize the planned funds’ registration statements. While the proposed Hashdex Nasdaq Crypto Index US ETF would invest in BTC…

Key Points: BNB Chain has announced the third chapter of its “Airdrop Alliance Program,” following successful previous phases that stimulated ecosystem growth. This phase will distribute over 2.3 billion points and 8 million tokens, rewarding users for completing tasks from June 12 to June 26. BNB Chain Airdrop Alliance program involves strategic collaborations with major ecosystem projects yet to launch their tokens BNB Chain, the community-driven blockchain ecosystem known for hosting the world’s largest smart contract blockchain, has announced the third chapter of its “Airdrop Alliance Program.” BNB Chain Airdrop Alliance Launched Chapter 3 2 BNB Chain Airdrop Alliance Program…

This week, bitcoin’s price briefly exceeded $70,000 per coin before declining after the movement of Mt Gox bitcoins, yet the premium for bitcoin in South Korea has significantly increased. Having fallen below the 1% range, the premium on South Korean exchanges has now climbed to 2.23%. Bitcoin Premium in South Korea Grows Bitcoin (BTC) saw its price drop from a peak of $70,601 on Monday to a low of $67,433 per coin. This sharp decline followed widespread reports of $9.6 billion worth of Mt Gox bitcoins being moved. Although the price briefly rebounded above $68,000, it now hovers just below…

GameStop (GME) shares showed little movement on Tuesday, trading at $24.96, down about 1% since Monday’s close after making modest shifts up and down the chart. This comes after what some traders viewed as a lackluster shareholders meeting on Monday that left many investors disappointed and without concrete updates on the company’s future plans. The highly anticipated annual meeting, which had been rescheduled due to technical issues last week—blamed on overwhelming demand from traders who wanted to tune in—concluded without providing any new strategic insights. The meeting lasted about 30 minutes and did not allow shareholders to ask questions. GameStop…

Layer-1 (L1) blockchain Solana (SOL) has recently shared insights from a report titled “Overview of Real World Assets on Solana” by Reflexivity Research. This report highlights the blockchain’s strong infrastructure, solid developer community, and cutting-edge technology, which make it an ideal platform for real-world asset (RWA) tokenization. Why Solana Stands Out in the Real-World Asset Tokenization Sector Solana has become a significant platform for deploying RWAs due to its high throughput and active trading ecosystem. Its ecosystem supports tokenization through decentralized exchanges (DEXs), oracle services, on/off ramps, and bridges. Solana’s advantages in hosting RWAs include scalability, low gas fees, and…