Author: NBTC
Ethereum, the second largest cryptocurrency by market capitalization, could be heading for its worst February, with prices already down 23% this month. Historically, February has been bullish for ETH, with only one red month in 2018. However, this year seems to be shaping up as an exception, as ETH struggles under intense market pressure and macroeconomic uncertainty. At the time of writing, ETH was down 12% in the last 24 hours to $2387, mirroring a broader market sell-off. Bitcoin fell to $87,611, its lowest level since Nov. 15. Other cryptocurrencies also plummeted, with Ethereum, XRP and Solana down sharply for…
Crypto analyst Ali Martinez has published a Glassnode chart that shows a jaw-dropping decline in the amount of active whale addresses on the XRP network over the past three months. The decline constitutes 50% and since December, the number of active whale addresses on the network has shrunk from 202,250 to 101,160 at the present moment. The peak of active wallets took place on December 2, when then number of active addresses comprised 200,000. $XRP network activity has declined by 50%, dropping from 202,250 active addresses in December to just 101,169 today! pic.twitter.com/UWJDVDtram — Ali (@ali_charts) February 27, 2025 This…
Less than a day after the SEC formally dismissed its lawsuit against Coinbase, the chief of the agency’s new crypto task force appeared to blame the policy developed by the agency’s former chair, Gary Gensler, for the proliferation of fraud in the industry over the last several years. In a statement published Friday, SEC Commissioner Hester Peirce argued that by targeting the crypto sector with far-reaching enforcement actions and pointedly declining to create industry-specific rules, the agency actually increased the proliferation of fraud and malfeasance under former President Joe Biden. “The decision by the previous Commission to shift [its regulatory]…
A Binance spokesperson denied rumors that the exchange contributed to the market downturn by selling off its holdings of Solana (SOL) and other tokens via over-the-counter (OTC) transactions. The speculation arose from widespread allegations that major crypto firms, including Binance, were liquidating large amounts of tokens through OTC deals. However, Binance has categorically denied these accusations, emphasizing that the company has no control over independent market makers and their strategies. Addressing concerns over the transfer of a significant amount of SOL tokens by well-known market maker Wintermute, a Binance spokesperson explained that such firms operate according to their own trading…
A significant amount of dormant Bitcoin (BTC) has recently been moved on-chain, raising speculation about potential market impact. According to CryptoQuant analyst Martuun, 8,007 BTC, aged between three and five years, have just become active. When long-inactive Bitcoin moves, it sometimes indicates that holders might be preparing to sell, consolidating holdings, or shifting funds for security reasons, among other reasons. 8,007 BTC aged between 3y – 5y moved on-chain 🤫 pic.twitter.com/BVqGsp7CCz — Maartunn (@JA_Maartun) February 26, 2025 Amid this large movement, Bitcoin’s price remains in the red, struggling to gain upward momentum. After three consecutive days of losses, BTC saw…
Aya Miyaguchi announced today she will transition from Executive Director to President of the Ethereum Foundation (EF), a decision she made a year ago. In her new role, Miyaguchi will focus on supporting EF’s institutional relationships and expanding the organization’s vision and culture more broadly. “Ethereum belongs to everyone precisely because it belongs to no one,” Miyaguchi wrote in her announcement. “Our culture of permissionlessness doesn’t just tolerate disagreement — it grows stronger through it.” Miyaguchi emphasized that EF’s role has never been to control all aspects of Ethereum. “Our responsibility—our accountability—lies in upholding Ethereum’s values,” she stated. “Through both…
The decentralized science (DeSci) movement is quickly changing research, innovation, and funding in biotech. BIO Protocol, a Binance Labs-backed project, is leading this shift. According to CoinGecko report, the protocol uses blockchain technology to enable researchers, biotech pros, and patients to work together. They can fund projects and control intellectual property (IP) within a decentralized system. Breaking Down Traditional Research Barriers This new approach fixes problems in traditional scientific research. These include limited access, restricted funding, and non-transparent peer reviews. The growing impact of DeSci fueled a 2,640% increase in sector growth between January and December 2024. This shows its…
FOX Business Journalist Eleanor Terrett rejects speculation that the U.S. SEC recently discussed the imminent dismissal of its appeal against Ripple. On February 24, the SEC Crypto Task Force met with legal experts to address issues relating to crypto regulation. Ripple Ruling Highlighted in SEC Meeting During the meeting, legal experts Jason Gottlieb, Andrew Hinkes, and J.W. Verret submitted a document analyzing certain crypto regulatory issues facing the SEC. The document highlighted the Ripple case to analyze how the commission had alleged that certain cryptos are securities without judicial confirmation that the tokens are securities themselves or used as part…
Hubpay, a United Arab Emirates-based cross-border payments platform, has partnered with Aquanow, a digital asset infrastructure provider, to launch a regulated cryptocurrency payments facility for businesses in the Middle East country. Collaboration Bolsters UAE’s Digital Asset Hub Ambition Hubpay, a United Arab Emirates (UAE)-based cross-border payments platform, has partnered with digital asset infrastructure provider Aquanow to launch a regulated cryptocurrency payments facility tailored for businesses and small to medium-sized enterprises (SMEs) operating in the Middle East country. The collaboration enables businesses operating in the country to accept cryptocurrency payments alongside fiat currency. According to a statement, both entities are regulated:…
Atleta Network has recently partnered with CoinRank, the go-to platform for in-depth reports and exclusive analysis in the blockchain space. 🚀 Partnership Announcement: @Atleta_Network x @CoinRank_io!📰 We’re partnering with CoinRank, the go-to platform for in-depth reports and exclusive analysis in the blockchain space.Stay tuned for what’s next! pic.twitter.com/9uPg44F2V3 — Atleta Network (@Atleta_Network) February 26, 2025 Atleta represents an EVM-compatible layer 1 blockchain platform which was built to address the specific needs found within the blockchain industry. It is one of the first blockchain infrastructure tailored for data management, financial operations, and dApp deployment development. Partnership Details: Atleta x CoinRank Atleta…