Author: NBTC

Coin98, a prominent multichain crypto wallet, continues to pave the way for Web3 technology access by integrating cutting-edge blockchain networks into its ecosystem. The latest advancement is the integration of Starknet, enhancing the Coin98 Super Wallet and Coin98 Extension with additional Layer 2 options. This integration marks a significant step in Coin98’s commitment to providing its users with a broad spectrum of blockchain technologies, fostering an environment ripe for exploration and innovation in the Web3 space. Starknet, known for its scalability solutions as a zero-knowledge rollup (ZK-rollup), is set to supercharge Ethereum’s capabilities by handling transactions off the main chain…

Despite hitting its new all-time high (ATH) this year, Bitcoin (BTC) has recently been struggling, particularly evident in its occasional dips below the critical price level of $60,000 and pulling the rest of the cryptocurrency market down with it, leaving crypto traders baffled over the reasons. As it happens, Bitcoin has been trending bearishly for weeks, dropping well below its recent record-breaking price of $73,738, failing to meet expectations stemming from positive developments like the approval of spot Bitcoin exchange-traded funds (ETFs) and the halving event. Bitcoin price analysis Indeed, the flagship decentralized finance (DeFi) asset was at press time…

In the nine days leading up to the highly anticipated Ethereum ETF launch tomorrow, two major whale investors have deposited a total of 25,865 ETH, valued at approximately $89 million, to centralized exchanges (CEX). In the 9 days ahead of tomorrow’s #Ethereum ETF launch, two giant whales deposited 25,865 $ETH ($89M) to CEX!1️⃣ Whale 0xbec moved 11,965 $ETH to #Binance at ~$3,457 ($41.4M) in the past 5 days.• Last action: 12hrs ago• Holding: 51,462 $ETH (~$180M)• Est. profit: $29.9M… pic.twitter.com/q4Cs8LhkX6 — Spot On Chain (@spotonchain) July 22, 2024 Whale 0xbec has transferred 11,965 ETH to Binance at an average price…

Bitcoin fintech company Fold has agreed to go public by merging with FTAC Emerald Acquisition. Fold, a Bitcoin (BTC) fintech company that offers rewards on bill pays, is poised to go public via a merger with the special purpose acquisition company FTAC Emerald Acquisition at a pre-money equity valuation of $365 million. In a July 24 press release, Fold revealed that following the transaction, it will hold over 1,000 BTC on its consolidated balance sheet, with the proceeds from the merger to be used to “accelerate the growth of Fold’s operations and treasury.” The press release states that the boards…

Citron Research founder Andrew Left, who is known as one of the most prominent activist short-sellers, has been charged with conducting a $20 million fraud scheme by the U.S. Securities and Exchange Commission. Federal prosecutors allege that the famed short-seller manipulated the prices of various stocks with his pieces of advice. Left allegedly earned $16 million after reversing positions in these stocks after they experienced volatility due to his recommendations. On one occasion, for instance, the defendants immediately started selling a target stock after it hit $28 despite previously claiming that they would keep their long position until $65. The…

Tether’s strategic advisor Gabor Gurbacs has taken to his account on the popular X social media platform to share his take on what is likely to power Bitcoin’s next large rally. Gurbacs reveals next likely Bitcoin rally fuel Tether’s advisor tweeted that it is the expansion of the credit market that is likely to fuel the next big Bitcoin rally. He was referring to loans taken in Bitcoin from financial institutions, particularly by big TradeFi shops or TradeFi big players. Gurbacs notes that while many traders may still be not used to lending Bitcoin or borrowing BTC, a large BTC…

The recent approval of Ethereum ETFs marks a significant milestone in the crypto space, potentially transforming the market much like the approval of Bitcoin ETFs did in the past. As market watchers and investors work to understand these developments, insights from popular crypto analyst ‘Virtual Bacon’ on social platform X offer a comprehensive look at the expected effects and strategic responses to this event. Understanding the Ethereum ETF Timeline Although approved in May, the Ethereum ETF required a second approval through the S-1 filing before trading could commence. All eight issuers, including major financial players like BlackRock, Fidelity, Bitwise, ARK…

Jingdong Technology Group’s subsidiary, Jingdong Coinlink Technology, has announced plans to launch a stablecoin pegged to the Hong Kong dollar to the ratio of 1:1. The JD’s stablecoin will be issued on a public blockchain, such as Ethereum (ETH) and Solana (SOL). The Chinese e-commerce company intends to launch a highly liquid stablecoin with verifiable reserves through regular disclosures and audit reports. Furthermore, JD is one of the stablecoin issuers the Hong Kong Monetary Authority (HKMA) listed to ensure a regulated market. JD, one of China’s largest e-commerce groups, will issue Hong Kong dollar stablecoin on public blockchain. JD ranked…

Monero (XMR), a cryptocurrency celebrated for its privacy and anonymity, is grappling with significant market challenges as regulatory scrutiny on privacy tokens intensifies. Launched in 2014, Monero was designed to provide completely private and untraceable transactions, leveraging advanced cryptography to obscure both senders and recipients. This level of confidentiality has made it a favored choice for those prioritizing financial privacy, distinguishing it from more transparent cryptocurrencies like Bitcoin. However, recent developments have cast a shadow over Monero’s promising features, creating concerns about its future in the evolving crypto landscape. Monero’s recent price performance Despite its strengths, Monero has faced declining…

“I am not a fan of Bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated cryptoassets can facilitate unlawful behaviour, including drug trade and other illegal activity.” Thankfully, the official position of the Republican Party has changed dramatically since President Donald J Trump condemned the emerging crypto industry in those uncompromising terms back in 2019. Earlier this month, the Republican National Committee adopted an ambitious platform to promote innovation in the US’ digital assets industry and protect the rights of bitcoin holders. For one, the official platform pledges that…