Author: NBTC

Ethereum’s price has been following Bitcoin, dropping lower since the beginning of March. Yet, things might be about to change soon. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been making constant lower highs and lows inside a descending channel pattern. Yet, with the 200-day moving average and the $2,750 support level nearby, the market seems likely to rebound soon. Currently, the price is approaching the $3,000 resistance level. A bullish breakout above this level would be a probable scenario and could lead to a rise toward the higher boundary of the channel and…

Layer-2 blockchain Shibarium from the Shiba Inu ecosystem has experienced a significant increase in activity on its network over the past 24 hours. Thus, according to data from Shibariumscan, the number of active accounts in Shiba Inu’s network increased from 1,034 to 1,706 overnight, an increase of almost 65%. The number of new accounts, however, increased by only four, which means that the increase in activity was mainly due to old accounts, not new ones. Against this background, transactions per day on the Shibarium network increased from 6,791 to 8,091. Despite the exponential growth in new accounts, transactional activity within…

After the highly anticipated Bitcoin halving, the cryptocurrency world was introduced to a new concept known as “Runes”. Bill Barhydt, CEO of cryptocurrency company Abra, shed light on this interesting development. According to Barhydt, Runes is defined as a newly introduced token standard in Bitcoin that simplifies and improves the efficiency of creating fungible tokens on the blockchain. This standard was specifically designed for the launch of fungible tokens on Bitcoin, unlike Ordinals that allow the creation of NFTs. Runes use “edicts,” which are small, lightweight transactions that can transfer ownership of tokens without straining the Bitcoin network. It leverages…

Led by CEO & Co-Founder Pierre Person, Usual Labs is revolutionizing finance by bridging the gap between traditional and crypto finance. With a significant $7 million in funding and $75 million in Total Value Locked (TVL), the company’s groundbreaking protocol is gaining momentum, reflecting the industry’s growing confidence in its vision.—At the core of Usual Labs’ mission is the creation of the USD0 stablecoin, backed by Real-World Assets, offering users a transparent and equitable alternative to existing stablecoins. With a diverse group of investors, including heavyweights like IOSG Ventures and Kraken Ventures, Usual Labs is poised to become a driving…

A long-standing Ethereum investor known by their wallet address 0x2ce recently transferred a significant quantity of Ethereum (ETH) to Coinbase. This movement involved 4,153 ETH, valued at approximately $12.17 million, based on the current exchange rate of $2,931 per ETH. Are Long-Term Ethereum Investors Cashing Out? Initially, 0x2ce sent the funds to an intermediary wallet – 0x1d9, before the final transfer to the centralized exchange, Coinbase. Such movements to platforms like Coinbase generally indicate a plan to sell, contrasting with withdrawals to self-custody wallets, which suggest an intent to hold. Regarding profitability, according to the on-chain analysis platform Spot On…

Floki, a dog-themed meme coin, is making its mark on the sports arena by securing sponsorship for an upcoming three-match cricket series between Ireland and Pakistan, slated to kick off this Friday. Floki broke this news on its X handle, saying, “DUBLIN – $FLOKI, the cryptocurrency ecosystem, has been named as the title sponsor of the “FLOKI Ireland v Pakistan T20I Series” – a three-match series starting on Friday.” The protocol’s media representative revealed the partnership with Irish cricket has gathered significant enthusiasm and traction. Furthermore, the spokesperson emphasized Floki’s commitment to bridging sports and cryptocurrency. Following the partnership, Floki’s…

Fantasy Top took over crypto Twitter last week. Now, with a huge update shipping, the game has seen a jump in player engagement. Late last night, Fantasy Top’s official Twitter announced a jam-packed week for fans of the social media game, including a reworked scoring system, a huge prize pool, and a noob-friendly tournament. Most notably, however, over 40 new NFT Heroes are being added to the game, including crypto degen turned boxer Barneytheboi, founder of the Sappy Seals NFT collection wab.eth, and angel investor LilMoonLambo. Crypto influencers are turned into NFT cards called Heroes for Fantasy Top, which is…

Bitcoin mining difficulty fell about 6% last week, the report said. The broker noted that bitcoin miners with the lowest costs have increased market share since the halving. Bernstein said a pause in the bitcoin rally is good for lower cost miners as hashrates remain capped. Bitcoin (BTC) mining difficulty fell around 6% last week in the most significant decline since the crypto winter of December 2022, and this is a positive development for some of the miners, broker Bernstein said in a research report on Monday. The broker noted that with lower bitcoin prices and an almost doubling of…

Venture investor, founder of Pomp Investments Bitcoin private credit fund Anthony Pompliano has taken to his X account to send a message about Satoshi Nakamoto and the Bitcoin halving to his numerous followers. He jokingly tweeted that the enigmatic Bitcoin founder Satoshi Nakamoto missed a big opportunity to set the halving day as April 20. This day is known as the weed day and more recently, as the Dogecoin Day, even though the iconic meme cryptocurrency was not released in April. Satoshi missed a big opportunity to have the halving on 4/20. — Pomp 🌪 (@APompliano) April 19, 2024 Thus,…

An astute early adopter of Ethereum, identified by the address 0x2ce, has recently executed substantial transactions, garnering considerable intrigue within the cryptocurrency sphere. According to a Spot On Chain X post, this influential holder transferred 4,153 ETH, valued at $12.2 million, to Coinbase at a rate of $2,931 per ETH. 3 hours ago, Early $ETH holder 0x2ce deposited 4,153 $ETH ($12.2M) to #Coinbase at $2,931.The whale withdrew 12,423 $ETH from #Poloneix at ~$11.03 ($137K) in 2016,And has deposited 9,436 $ETH to #Coinbase and #Luno at ~$2,245 ($21.2M) since 2021.Current holding: 2,566 $ETH… pic.twitter.com/ky5g0uy2n5 — Spot On Chain (@spotonchain) May 13,…