Author: NBTC
Peru has emerged as a major player in the Latin American bitcoin sector. According to Lemon’s most recent research, “Estado de la Industria Crypto 2024,” (State of the Crypto Industry 2024) the country ranks seventh in terms of cryptocurrency value received. The report shows that the country ranks third in annual growth within the area. This rapid ascension is being driven by developments in legislative frameworks, technical integration, and growing public interest in digital assets such as Bitcoin. According to Cointelegraph, several factors such as improvements to regulations, the development of technology and an ever-growing population interest in topics digitally owned…
Amid the ongoing downtrend in the broader digital asset market, Jito (JTO) is attracting significant attention from market participants due to its growth potential. Today, according to data reported by Spot on Chain, a whale bought massive amounts of Jito and sent them all into staking. A newly created wallet just withdrew 96,128 $SOL ($12.37M) from #Binance at $128.6 and staked it all with #Jito.Notably, it links to a whale who closed its first SOL trade at a higher price of $140.8 ~3 days ago, allegedly profiting $4.58M (+51%) after a year of staking.… pic.twitter.com/zYHSODbXc8 — Spot On Chain (@spotonchain)…
Crypto transfers are being restricted in Europe through heavy know-your-customer (KYC) procedures and blocks, potentially linked to the Travel Rule, according to several local reports. Hasu, the strategy lead at Flashbots, reported that Coinbase is blocking transfers in Europe to recipients other than the user. Additionally, when sending crypto to a self-custodial wallet, the user must sign a message to prove ownership. If the user receives funds instead of sending them, the sender must be identified, including passport identification. This applies even if the user sends money to his Coinbase account from another source. Hasu said he didn’t try to…
Bitcoin is below $90K, and RSI shows a pattern that has led to major price drops before. The next key support levels are $84K and $76K, and a break could send Bitcoin even lower. RSI signals weak momentum, and traders now wait to see if Bitcoin follows past patterns. Bitcoin is showing a classic bearish divergence against the Relative Strength Index (RSI) on the weekly chart, a pattern that has historically signaled major market corrections. The last time Bitcoin displayed a similar divergence, price movements led to a prolonged downturn. Currently trading at $88,643, Bitcoin has dropped 7.95% within four…
Core Scientific (CORZ) stock surged more than 11% after-market on Wednesday after the data center and bitcoin mining company said it was planning a $1.2 billion expansion of a data center in Denton, Texas, with CoreWeave, to support artificial intelligence (AI) and high-performance cloud computing (HPC). “The 70 MW [megawatt] of additional contracted power at the Denton site increases the full critical IT load to approximately 260 MW,” according to a statement. “The agreement increases CoreWeave’s total contracted HPC infrastructure with Core Scientific to approximately 590 MW across six sites. We believe this addition aligns with CoreWeave’s growing need for…
The name and brand of Solana meme coin Bonk will soon adorn a combat sports stadium, as a result of it partnering with the president of crypto-fueled fighting league Karate Combat, Asim Zaidi, as he looks to upgrade his social media-famous gym, the Goat Shed. With this, the Bonk Stadium is set to host half of the upcoming Karate Combat events, with the league saying that two other fighting organizations have expressed interest in using the venue. Currently, the Goat Shed gym spans 3,000 square feet, but the new, expanded property will extend to a total of 15,000 square feet.…
PayPal is going all in on PYUSD this year, expanding its stablecoin across multiple products to tighten its grip on crypto payments and business transactions. The company confirmed at its investor day on Tuesday that merchants, freelancers, and global sellers will soon be able to pay, get paid, and settle transactions with PYUSD in ways that weren’t possible before. The plan is simple but aggressive—integrate PYUSD into bill payments, Hyperwallet’s mass payouts, and eventually, crypto settlements for all PayPal checkout transactions. The push isn’t just about giving users another payment option—it’s about turning PYUSD into a default digital cash system.…
In his latest video update, long-time market analyst and self-described “four-year cycle” trader Bob Loukas delivered a breakdown of Bitcoin’s current trajectory. Despite a roughly 22% pullback from its recent all-time high, Loukas asserts that the leading cryptocurrency’s price action remains “nothing we have not seen before.” Loukas opened his video by acknowledging growing anxiety among traders following Bitcoin’s drop from around $110,000 to the mid-$80,000 range. However, he emphasized that such swings are a natural part of Bitcoin’s characteristic volatility. “As I record this video Bitcoin’s at $87,000, down from an all-time high of around $110,000… which historically, even…
Ethereum price started a fresh decline from the $2,350 resistance zone. ETH is now consolidating losses and might extend losses toward the $2,000 support. Ethereum is facing an increase in selling below the $2,350 zone. The price is trading below $2,250 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,260 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent recovery wave if it settles above $2,250 and $2,350. Ethereum Price Dips Further Ethereum price failed to clear the $2,450 resistance zone and started a…
Nvidia reported record fourth-quarter revenue of $39.3 billion, up 12% from the previous quarter and 78% from a year ago, as demand for artificial intelligence chips continued to drive growth. The company’s earnings topped expectations, with diluted earnings per share of $0.89, beating analyst estimates of $0.84, according to data from TipRanks. The result marked a 14% increase from the prior quarter and an 82% rise from a year earlier. Nvidia has now beaten earnings forecasts in every quarter over the past year. Shares of the chipmaker closed up 3.67% at $131.28 and rose another 2.32% in after-hours trading to…