Author: NBTC

In a notable transaction that caught the attention of cryptocurrency enthusiasts and investors, a substantial amount of Solana (SOL) worth approximately $10.5 million was transferred to the Binance exchange. The transaction, involving 99,999 SOL, was highlighted by Whale Alert, a popular service that tracks significant blockchain transactions. 🚨 99,999 #SOL (10,511,803 USD) transferred from unknown wallet to #Binancehttps://t.co/ja1NVXWANQ — Whale Alert (@whale_alert) February 12, 2024 The funds were moved from an unknown wallet, stirring speculations about potential market movements and the intentions behind this significant transfer. The reasons behind the substantial transfer to Binance remain speculative. Large movements of cryptocurrency…

Amid the upcoming Bitcoin halving event, the cryptocurrency market demonstrates an increase in trading activity and market sentiment that points out the probability of significant price movement. Similarly, Bitcoin has recently achieved a significant milestone during the rally, breaking the 0.618 retracement level for the first time before a halving event. For the first time in its history, #Bitcoin has broken the 0.618 retracement before the halving. The strongest start to a new bull cycle, ever. 2 months to go until the halving event, this cycle will probably play out differently than the others. pic.twitter.com/fGlC0uEkp7 — Jelle (@CryptoJelleNL) February 13,…

Analysts at cryptocurrency analysis firm Kaiko have published an in-depth analysis on the potential impact of Ethereum (ETH) and Ethereum spot ETF approvals. The report examines the status of ETH, including a look at how volumes and derivatives are faring following the launch of Bitcoin (BTC) ETFs last week. According to the report, the BTC:ETH correlation fell below the all-time average of 0.71 for the first time since 2021. This occurred on the same day that Bitcoin spot ETFs began trading. For months, the two crypto assets have been diverging in price activity, as BTC has benefited from ETF hype…

After a little over a year of bankruptcy proceedings, bitcoin mining company Core Scientific has completed its reorganization requirements. The firm announced its relisting on the Nasdaq on Wednesday. Core Scientific (CORZ) shares immediately plummeted more than 30% after the opening bell Wednesday, dipping to around $3.50 from their opening price of $5.89. The company filed for bankruptcy in December 2022 after struggling to cover debt obligations after bitcoin lost more than 60% of its value from 2021. Core was among several mining operations that took out high-interest loans to fund growth amid the 2021 bull market. Read more: Bitcoin…

General Updates Neo launched a Fortune Envelope NFT campaign and prize giveaway in collaboration with Mega Oasis to celebrate the Lunar New Year. This festive initiative offers community members a chance to win a share of US $500 in GAS, adding a crypto twist to the traditional exchange of fortune envelopes. To qualify for the prize draw, users must claim and send at least one Fortune Red Envelope NFT and have at least one NeoNS domain name in the same wallet at the campaign’s conclusion, Feb. 23 at 12:00 p.m. (UTC). Neo announced the launch of An-shun Chain a bespoke…

Recent developments suggest Bitcoin (BTC) could serve as more than just “digital gold,” according to a researcher at the crypto asset management giant Grayscale. In a new analysis, Grayscale’s Michael Zhao highlights Bitcoin’s surging on-chain activity. “The advent of ordinal inscriptions has revitalized on-chain activity, with over 59 million non-fungible-token-like (NFT) collectibles inscribed, generating upwards of $200 million in transaction fees for miners as of February 2024. This trend is expected to persist, bolstered by renewed developer interest and ongoing innovations on the Bitcoin blockchain.” Bitcoin ordinals enable users to inscribe digital data such as images and videos to a…

The Ethereum (ETH) price fell this week but trades above an important horizontal support area. Despite the decrease, ETH still trades inside a short-term bullish pattern. Will it break out? Ethereum (ETH) Falls After Rejection The ETH price has increased inside an ascending parallel channel since October 2023. The upward movement led to a high of $2,717 on January 12. While this seemed to cause a breakout from the channel, ETH fell shortly afterward, validating it as resistance (red icon) and creating a bearish candlestick. Ethereum has fallen since and is approaching an important horizontal support area. ETH/USDT Daily Chart.…

The digital pound consultation is set to drop on Thursday, said James Bowler, permanent secretary of the government’s finance arm, the Treasury, in a meeting on Wednesday. “The government is proceeding I think with caution,” said Bowler, who holds the most senior rank for his civil service department. “There’s a number of issues around privacy, financial inclusion, whether there’s limits, monetary policy and interest and the consultation is out on that and you’ll hear more about it tomorrow.” The digital pound consultation opened in February and closed in June last year. At the time, the Bank of England and Treasury…

Terra Luna Classic burn narrative fades and the community now looks for various developments on the chain to boost blockchain utility, interoperability, and security, while continuing to drive for LUNC revival and USTC repeg to $1. Terra Classic Community Votes on Sub KYC Proposals Follow-up proposals for KYC proposal 12033 are now up for voting on the Station wallet. Text proposals 12058 and 12059 set further requirements and provide clarification on KYC providers and contributions to the chain without KYC. Proposal 12058: It aims to add Certik as a recognized KYC provider for all L1 developers seeking community spending for…

Ethereum price prediction: ETH has been on a remarkable upward trajectory within an ascending parallel channel since October 2023. The Ethereum price has recently achieved a significant milestone, touching a value of $2,467. This marks a subtle yet noteworthy 2.78% increase in just 24 hours, reflecting a market sentiment. The trading volume has also surged, reaching $6.7 million in the same period. With a robust market capitalization of $295 billion, ranked as the second-largest cryptocurrency. The digital currency experienced a peak at $2,717 on January 12. Over the past week, it has consistently traded above the $2,400 resistance level, indicating…