Author: NBTC

In a surprising turn of events, the cryptocurrency market witnesses a massive movement of Shiba Inu tokens within the renowned Crypto Com exchange. The exchange has reportedly transferred a staggering 2 trillion SHIB between its hot wallets, equivalent to a whopping $78.5 million, per data from Etherscan. Arkham’s latest insights reveal that the exchange’s hot wallets currently hold a total of 2.979 trillion SHIB, surpassing the $100 million mark. This unprecedented transfer indicates that more than two-thirds of Crypto Com’s SHIB holdings were shifted unexpectedly today. Moreover, recent reports on CoinMarketCap suggest that the exchange’s position in SHIB is even…

Markus Thielen, CEO of 10x Research, one of the analysts who correctly predicted that BTC would correct after the SEC’s approval of spot Bitcoin ETFs and that this correction would go up to $ 38,000, made a new analysis. Accordingly, Thielen said that it is too early for traders and investors to “buy the dip” following the widespread collapse in the crypto market. In his new report, Markus Thielen explained why they expect a decline in Bitcoin and Ethereum (ETH) prices and why it is too early for investors to buy the decline. Stating that, according to current data, $…

On Sunday, a prominent member-turned-critic of Richard Heart’s HEX community, Eric Wall, tweeted an intraday chart of HEX-on-Ethereum’s collapsing price. He was dunking on Heart for allegedly causing the HEX rug pull and crypto members on X (formerly Twitter) duly dogpiled. They laughed, clicking the Like button on tweets about HEX’s supposed collapse tens of thousands of times. Within hours of Heart’s tweet, HEX-on-Ethereum traded 68% lower. HEX on Ethereum, the “immutable contract”, the “it’s just you and the code”, the “real DeFi” just dumped over -50% because the founder, Richard Heart, tweeted today that he doesn’t like it. pic.twitter.com/OV3vDe6bSe…

The Russian government’s crypto working group chairman believes Bitcoin (BTC) mining regulation is now a priority for Moscow. After years of infighting and neglect, Russian government bodies, ministries, and the Central Bank finally appear close to regulating the crypto sector. Per the Russian-language media outlet Happy Coin News, the working group’s chair, lawmaker Andreу Lugovoy said Moscow’s “first step in regulation should be crypto mining.” A Russian crypto mining center. (Source: Novaya Gazeta/YouTube) Russian Government Crypto Policy Finally Ready for Rollout? Lugavoy said politicians and regulators were currently “talking mainly about Bitcoin mining.” He added: “The regulation of […] altcoins…

Veteran trader Peter Brandt has recently made a prediction about Bitcoin’s future that might be unsettling if you consider yourself a BTC bull. In his analysis from March 16, shared with his private group, Brandt pointed to the possibility of a significant Bitcoin correction. Brandt laid out three scenarios for Bitcoin’s path forward. The first was a new parabolic advance that might reconnect the lows of November 2022 and September 2023, potentially sending Bitcoin back to $40,000. However, he was not fully convinced this would happen, leaving room for doubt. His second scenario was a correction to Bitcoin’s upper channel…

Tether’s USDT, the largest stablecoin by market value, is now available on mobile-focused layer-1 platform Celo. Celo is currently migrating from a standalone blockchain to a new layer-2 atop Ethereum. The platform focuses on being a mobile-first network that offers multiple stable assets to users globally, but with a focus on emerging markets. The integration of USDT on Celo expands the use cases for stable assets already on Celo, including remittances, savings, lending and cross-border payments, explained the press release. According to the release, a Celo community-focused forum will propose using USDT as a gas currency, which will help make…

Ethereum and its Layer 2 scaling solution, Polygon, attracted the most new users by far in the first quarter of 2024. The latest report by Flipside revealed that these two blockchain platforms have garnered the most cumulative new users among observed EVM chains since the beginning of the year. Polygon boasted 12.3 million new users, and Ethereum had 13.4 million – roughly 70% of new users this year across all observed chains as of March 27. Next up was Arbitrum, recording the most new users (4.7 million) during the same period. Taking into account Ethereum and Polygon’s extensive history compared…

Per the most recent data, we are a month away, or precisely 30 days, from the fourth Bitcoin halving event. This significant milestone will cut the mining rewards from 6.25 bitcoins per block to 3.125 bitcoins per block after the halving. The summary below outlines the essentials to grasp the changes occurring during the halving, including the reduction of the inflation rate from an annual 1.69% to 0.84% subsequent to the event. Bitcoin’s Reward Reduction Countdown Within the Bitcoin network, miners embark on a quest to discover blocks, aiming to earn rewards and accumulate the fees linked to the transactions…

According to a recent report by AlphaQuest, Cardano is among the top chains hosting “Dead Coins.” The research group analyzed over 12,000 crypto projects, arriving at some crucial conclusions, including the death of most of those projects. In a recently uploaded video, an Altcoin Buzz host analyzed AphaQuest’s report, revealing that 72% of all crypto projects created during the 2020-2021 bull run have died. The analyst noted that Cardano and Terra ecosystems are among the top 10 categories with the most dead coins. He further revealed that the average lifespan of most crypto projects lasts only three years. Notably, AlphaQuest…

Celestia, the pioneering modular blockchain network, announced this week the deployment of its data availability solution, Blobstream, on Arbitrum Orbit. This move enables layer 2 (L2) and layer 3 (L3) networks built on the Arbitrum platform to leverage Blobstream for enhanced scalability and cost-effective operations. Blobstream is now live on @Arbitrum One. Developers can soon deploy Orbit chains with Celestia underneath on @Arbitrum One and @Base, the first modular DA integration with *working Nitro fraud proofs* 🏎️ pic.twitter.com/8OfAOFkBat — Celestia (@CelestiaOrg) April 2, 2024 Developed by Celestia in collaboration with Succinct, Blobstream uses zero-knowledge proof to authenticate blockchain information efficiently.…