Day: October 15, 2023

On-Chain Tracker Notices Major Difference Between Bitcoin And Ethereum Whales

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As earlier reported, Bitcoin holders have steadily held on to their coins in the past few months. Bitcoin whales, in particular, seem to be doubling despite the current uncertainty in Bitcoin’s future projection. Long-term holders add an average of 50,000 BTC to their wallets every month, as indicated by the HODLer Net Position Change indicator provided by Glassnode.  On the other hand, whales of Ethereum, the second largest crypto in the world, appear to be on a different trajectory. On-chain data has shown that while Bitcoin whales hoard their coins,…

Bitcoin whale addresses increase, price maintains $26k support

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Bitcoin (BTC) whales are actively accumulating the orange coin, as 16 new wallets now hold between 100-1,000 BTC, Santiment data shows. This trend suggests a growing investor confidence in the flagship cryptocurrency’s future.  Bitcoin whale accumulation Bitcoin recently saw another notable day of accumulation among its larger holders, often referred to as “whales.”  A total of 16 new wallets have now entered the category of those holding between 100 and 1,000 BTC, demonstrating a growing trend.  What’s interesting is how this uptick in larger wallets correlates with smaller ones moving…

Kraken partners with Formula 1 team Williams Racing

Crypto exchange Kraken signed a partnership deal with Formula 1’s Williams Racing. The collaboration aims to foster global crypto adoption.   Fostering financial inclusivity Kraken expects the Formula 1 partnership to promote a shared vision for the future of finance and community engagement.  As detailed in a Kraken blog post, both organizations strive to nurture a common vision for the future of finance and community involvement. The partnership will see Kraken become the team’s first-ever ‘Official Crypto and Web3 Partner,’ with the Kraken logo displayed on Williams Racing’s FW45 race car…

KYC hook for Uniswap v4 stirs community controversy

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A new hook available on an open-source directory for Uniswap V4 hooks is sparking controversy within the crypto community. The hook enables users to be checked for Know Your Customer (KYC) before they can trade on a pool. Criticizing the hook, a user at X (formerly Twitter) noted that the hook opens up the possibility of decentralized finance protocols being whitelisted by regulators: “As I explained in all my posts for the past year: It starts with “kyc option” for LPs. And then eventually it moves into a “regulator whitelist…

Binance Futures launches perpetual contract with 50x leverage

Binance Futures, a prominent player in the cryptocurrency sector, is poised to enhance its offerings with the introduction of a new product. As of Oct. 15, Binance Futures has enabled crypto traders to tap into a new financial instrument, which allows for trading leverage up to a reported 50 times. According to Binance, the BOND/USDT Perpetual Contract, backed by the BarnBridge (BOND) token as its underlying asset and having Tether (USDT) as its settlement asset, presents a new opportunity for crypto enthusiasts. It operates 24/7, ensuring continuous trading availability for…

Recent Data Signals Rising Accumulation Among BTC Investors

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Bitcoin (BTC) struggled to build on its recent momentum over the past week, reflecting the bearish climate of the general market. However, the latest on-chain revelation suggests that investors continue to show significant faith in the premier cryptocurrency and its prospects. Bitcoin Addresses With 10+ BTC Reach All-Time High: Santiment According to a recent report from the blockchain data tracker Santiment, there has been considerable growth within a particular class of Bitcoin investors. The on-chain analytics platform highlighted that the number of shark and whale addresses holding at least 10…

Bitcoin traders eye weekly close volatility with $27K BTC price on radar

Bitcoin (BTC) cruised into a new weekly close on Oct. 15 as “ultra boring” trading conditions still offered hope of a $27,000 breakthrough. BTC/USD 1-hour chart. Source: TradingView “Ultra boring” BTC price may yet surprise at weekly close Data from Cointelegraph Markets Pro and TradingView tracked a typically sideways weekend, with BTC price volatility absent prior to the close. Still acting around the key $26,800 mark, Bitcoin denied traders major trajectory cues, while spot markets were quiet. $BTC Typical weekend algos hunting over exposed positions into CME Futures open around…

How Ripple’s Rumored Token Burn Could Affect The XRP Price

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XRP has struggled to regain bullish price momentum this month, with the crypto going on six days of red candle close last week. The XRP community appears to be feeling the effects of this lack of momentum, as speculations have begun to circulate about a potential catalyst for the next XRP price surge. Word on the street now is that Ripple plans to burn the 41.9 billion XRP tokens they have locked up in escrow. Although this hasn’t been confirmed yet, some say this move could send the value of…

Canon’s new technology competes with ASML in chip manufacturing

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Canon, the Japanese company recognized for its printers and cameras, unveiled a pivotal solution on Friday, Oct. 13, designed to aid in the production of cutting-edge semiconductor components. According to a report from CNBC, Canon’s recently introduced “nanoimprint lithography” system represents the company’s competitive response to Dutch firm ASML, a dominant force in the extreme ultraviolet (EUV) lithography machine sector. ASML’s machinery is essential for producing cutting-edge chips, including those used in the latest Apple iPhones. The utilization of these machines has been drawn into the technological conflict between the…

XRP role in Swiss bank; Shiba Inu and InQubeta rising prominence in crypto

TLDR InQubeta’s fractional investment protocol can open new opportunities for venture capital investors. Despite the token’s struggling prices, Shiba Inu’s burning program and Shibarium look promising Despite not being their reference token, XRP showed potential benefits to the Swiss Bank. At the Sibos 2023 conference, Switzerland said it plans to incorporate its Central Bank Digital Currency (CBDC) into live transactions. It was initially believed that they would adopt XRP for settlement, but this was incorrect. XRP remains under pressure at spot rates. Despite this, InQubeta (QUBE) and Shiba Inu (SHIB)…