Author: NBTC

Data provided by cryptocurrency analysis company Lookonchain shows that a cryptocurrency whale has recently accumulated in an altcoin. When Onchain data is examined, it is seen that a giant cryptocurrency whale has withdrawn $ 7.95 million of Ethereum and $ 2.06 million of PEPE from Kraken, the second largest cryptocurrency exchange in the USA. When the other transactions of the whale in question are examined, it is seen that he has purchased a total of $ 18 million worth of Ethereum in the last two days and collected these ETHs at an average price of $ 3,828. At the time…

Top Dogecoin developer Mishaboar has sounded the alarm to users on the Bitpanda platform as concerns misalignment between some of the exchange’s leveraged pairs. According to Mishaboar, there is a likelihood that some people have lost money without realizing it. Bitpanda’s leveraged pairs under scrutiny The DOGE developer’s comment in an X post was in reaction to another user, Still_Salty_624 (@StillSalty624), about the leverage cause offered by Bitpanda. Mishaboar noted that some leveraged pairs, including DOGE pairs, may be underperforming due to the issues with Bitpanda. If you are playing with leverage on @Bitpanda, there is an ongoing issue with…

Key Points: $9 billion in Bitcoin returns from Mt. Gox’s compensation currently weighs on market sentiment. Bitcoin and other cryptocurrencies drop 4% amid German sales and post-election caution. Despite repayments, Mt. Gox retains $7.5 billion in Bitcoin, raising market stability concerns. Bitcoin is experiencing renewed pressure amidst concerns over the ongoing Mt. Gox’s compensation, the defunct cryptocurrency exchange. Reports indicate that approximately $9 billion worth of Bitcoin is being returned to creditors, further complicating market sentiment. Mt. Gox’s Compensation Impacts Bitcoin Market The Mt. Gox exchange, which filed for bankruptcy in 2014 after losing 850,000 Bitcoins to theft, has recovered…

Ethereum experienced a bounce from the critical support area. However, according to analyst Josh of Crypto World, additional signals are needed to confirm the bullish trend reversal, which we have observed over the past few days. Despite the bullish momentum, short-term pullbacks are possible, especially around resistance levels. The technical price target for this pattern is approximately $3,900, marking a potential 14% upside if the pattern completes. This bullish reversal remains valid unless Ethereum breaks back below the breakout point, which has not occurred, keeping the bullish trend active. Short-Term Resistance and Support Ethereum faces resistance between $3,480 and $3,520.…

Moody’s has announced a partnership with the Monetary Authority of Singapore’s Project Guardian. This collaboration aims to enhance market efficiency through a public-private tokenization initiative. Wendy Cheong, Managing Director and Regional Head of Asia-Pacific for Moody’s Ratings says, “Moody’s is entering a new era of brand identity, innovation, and collaboration, and we’re proud to be part of this project at the forefront of asset tokenization.” Also Read: WazirX halts trading after a $234 million hack The company intends to offer risk analysis for Project Guardian, which began in 2022. Moody’s will examine fixed-income products such as stablecoins, tokenized deposits, fractionalized…

Over the weekend, the crypto community saw suspicious behavior from several X accounts. Crypto figures and celebrities were suspected of being hacked after some unusual posts promoting memecoins. Among the celebrities, Olympian and reality TV star Caitlyn Jenner saw a turbulent launch of her JENNER token due to hack and back exit scam rumors. Despite the confusing start, the memecoin has soared by 50,000% since its launch. The Sunday Of Memecoins Launches On Sunday, the crypto community was on edge after a series of dubious posts were shared on different X accounts. First, crypto trader GCR’s account was compromised. The…

Key Points: According to Coingecko, Upbit, South Korea’s largest crypto exchange, saw its trading volume drop sharply to $30.4 billion in June, down 44.8% from May’s $55.2 billion. Upbit’s decline in trading volume is the most significant among mainstream exchanges; signalling heightened sensitivity to regulatory uncertainties in South Korea. According to Coingecko data, Upbit trading volume recorded a massive drop in its spot trading volume for June. It tumbled by 44.8% to $30.4 billion from $55.2 billion the previous month. That is the most significant drop among major cryptocurrency exchanges, which adds more evidence that the exchange reacted too sensitively…

Just like oscillators, moving averages (MAs) are indispensable tools in technical analysis, providing traders with insights into price trends and potential market reversals. In this learning and insights article, we’ll delve into the history, types, and application of moving averages leveraged in bitcoin trading, highlighting their significance and utility in the crypto market. The History of Moving Averages The concept of moving averages (MAs) was developed in the early 20th century by American statistician Robert Rhea. Initially applied to stock prices, MAs gained prominence in the mid-20th century with the advent of more sophisticated computing technology. Similar to oscillators, the…

Analyst Eric Balchunas has raised eyebrows over the steep 2.5% fee structure of the Grayscale Ethereum Mini Trust (ETH), sparking debate among crypto enthusiasts. Balchunas questioned on social media platform X (formerly Twitter) whether the Trust can attract enough organic investment to offset potential withdrawals, given the availability of lower-cost alternatives like BlackRock’s offering, which charges a mere 0.25% fee. Cheap but not sure cheap enough to move the needle (as most are cheaper and brand name BlackRock is same fee) to attract organic flows to offset The Big Unlock. And do these newborns have enough strength to offset those…

Cryptocurrency exchange Bitrue says it has allocated $40 million for its new fund to help teams develop their technology and “bring their coins to fruition.” Singaporean crypto exchange Bitrue is launching a $40 million investment fund in an effort to support nascent web3 companies, the exchange said in a Thursday blog announcement. Startups can receive up to $200,000 in funding from Bitrue Ventures, along with additional support such as development expertise, industry connections, and management support. Although no specific technical requirements have been outlined, Bitrue Ventures indicated a preference for projects in sectors like artificial intelligence (AI), real-world asset tokenization…