Author: NBTC
The broader digital currency ecosystem has cooled off from the massive liquidations recorded in the past few weeks. Speaking to his more than 408,400 followers on X, CryptoQuant founder Ki Young Ju said anyone caught panic-selling right now is probably a “noob.” Bitcoin retracements common To justify his assertions, the top analyst said a 30% correction in a Bitcoin bull cycle is not uncommon. In the 2021 bull cycle, he said the top coin slumped as much as 53% but recovered to an all-time high (ATH). On the accompanying chart he shared, the Bitcoin price has always experienced a drawdown…
With Bitcoin reaching November 2024 levels, Ethereum is also following a bearish path. After a downfall of more than 10% last night, the bearish trend in ETH price continues, with an intraday drop of 5.04%. As market volatility remains high, Ethereum struggles to find strong support levels. Will this downfall push Ethereum under $2,000? Falling Channel Breakdown in Sight? In the daily chart, the ETH price trend reveals a falling channel pattern. Within the pattern, the ETH price has dropped more than 40% from the swing high of $4,000. Ethereum Price Chart Currently, ETH trades at a market value of…
Starknet has officially launched v0.13.4 upgrade on its testnet, introducing significant improvements to performance, fees, and developer experience. Starknet has achieved a major milestone through this update that continues its effort to boost scalability and operational efficiency. Starknet officials disclosed this information through their official X account. Starknet v0.13.4 is now live on Starknet Testnet!This new version introduces major optimizations, including:– Cairo-Native for faster smart contract execution (and lower fees over time)– L2 gas for more accurate transaction fees– Stateful compression to reduce storage costs… pic.twitter.com/iqbVxSohxq — Starknet 🐺🐱 (@Starknet) February 27, 2025 Starknet v0.13.4 Enhances Smart Contract Speed with…
The U.S. Securities and Exchange Commission has been busy over the past few weeks, hinting at a brighter future for crypto companies. PS: I’ll be in San Francisco next week for the American Banker Payment Forum. Say hello. You’re reading State of Crypto, a CoinDesk newsletter looking at the intersection of cryptocurrency and government. Click here to sign up for future editions. The narrative The crypto industry racked up a number of early wins in the first month (and week) of Donald Trump’s second term as U.S. president. The U.S. Securities and Exchange Commission announced it would drop or close…
Boerse Stuttgart, one of Germany’s top stock exchanges, has announced a partnership with DekaBank to bring cryptocurrency trading to the German investment bank’s institutional clients. The partnership allows DekaBank, a financial giant with over 411 billion euros ($427 billion), to integrate crypto into its offerings using Boerse Stuttgart Digital’s regulated brokerage infrastructure. “Partnering with DekaBank to offer crypto trading to its institutional clients underscores our commitment to providing financial institutions across Europe with secure and fully regulated infrastructure solutions,” said Boerse Stuttgart Group’s CEO Matthias Voelkel. Boerse Stuttgart Digital, a subsidiary of Boerse Stuttgart Group, provides brokerage, trading, and custody…
Bitcoin (BTC) fell to its lowest level in nearly 3 months with a sharp decline in the last 24 hours. The largest altcoin, Ethereum (ETH), took its share of the decline, falling 11.8 percent in the last 24 hours to $2,375. The picture is not encouraging for other altcoins either. Solana (SOL) fell 15.6 percent; XRP 13.7 percent; BNB 6 percent and AVAX 13 percent. As the decline deepens, a death cross alert has sounded for Ethereum. Market analyst Omkar Godbole said that a death cross is approaching for ETH. Accordingly, when looking at the Ethereum chart, a death cross…
American blockchain payments firm Ripple Labs Inc. has placed its dollar-pegged stablecoin RLUSD in the spotlight with a new minting at the treasury. According to data from the Ripple Stablecoin Tracker on X, 3,100,000 RLUSD were added into circulation. RLUSD minting resumes According to the tracker, this release is the first from the firm in about 17 days after it minted 625,000 RLUSD on Feb. 10 and then halted the minting. Both the new and previous minting took place on the XRP Ledger, proving that the region’s stablecoin ecosystem is growing. 💵💵💵💵💵💵💵💵💵 3,100,000 #RLUSD minted at RLUSD Treasury.https://t.co/8GPuvU7c9s — Ripple…
A House committee has moved to repeal the IRS’ controversial “DeFi Broker Rule,” arguing it would stifle innovation, overwhelm the agency with filings, and disadvantage U.S. crypto users. House Committee Blocks IRS DeFi Broker Rule The House Ways and Means Committee has voted to repeal the Biden Administration’s last-minute “DeFi Broker Rule,” arguing that the regulation would stifle innovation and harm American leadership in digital assets. This rule would have required decentralized finance (DeFi) providers to collect and report sensitive taxpayer information, a demand critics say is both impractical and damaging to the industry. Ways and Means Committee Chairman Jason…
Some withdrawals made by Turkish users from the cryptocurrency exchange Binance TR to their bank accounts appeared as rental income on the e-Government platform, causing confusion among users. In their posts on X, users state that even if they lose money in cryptocurrency transactions, when they withdraw money, the withdrawals appear as rental income in the system. While the debate and uncertainty regarding the withdrawal of Binance TR users, the Turkish arm of Binance, continues, a statement came from Binance TR: “Dear Users, We are aware of the confusion regarding tax information regarding crypto investments. We would like to state…
CleanSpark delivered an outstanding financial quarter, but its market performance didn’t reflect the same strength. This analysis breaks down key financials, operational insights, and strategic directions to understand the full picture. CleanSpark Executive Overview: Strong Execution Amid Market Ambivalence The following guest post comes from Bitcoinminingstock.io, the one-stop hub for all things bitcoin mining stocks, educational tools, and industry insights. Originally published on Feb. 20, 2025, it was penned by Bitcoinminingstock.io author Cindy Feng. While doing research for my Bitcoin Mining Annual Report back to Dec 2024, CleanSpark stood out with multiple key metrics, such as gross margin, hash rate…