Author: NBTC
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…
Grayscale Investments announced additions to its Smart Contract Fund, and guess what? Cardano (ADA) is now on the roster. It is stepping up alongside Ethereum, Solana, Avalanche, Sui, Near and Polkadot, finding its place in the latest fund rebalancing. Let’s talk numbers. SOL takes the top spot with 31.3%, just edging out Ethereum at 31.22%. Cardano? It is coming in strong at 18.23%, securing a firm third place. Avalanche is next at 7.26%, while Sui, Near and Polkadot make up the remaining slices, with 6.50%, 2.95% and 2.54%, respectively. The fund sticks to a market cap-weighted approach, but no single…
Binance finally responds to traders online accusing the exchange of manipulating the market by ‘dumping’ millions of SOL and ETH tokens through Wintermute. In a recent post shared by the Binance Customer Support account, Binance replied to a trader asking about the on-chain data that showed Binance’s hot wallet “sending” millions of Solana (SOL) and Ethereum (ETH) tokens from its holdings on Feb. 24. The trader accused the exchange of “dumping on everyone” by offloading the tokens. Responding to the comment, Binance denied accusations that it had “dumped” or “sold” millions of tokens. It claimed that many traders have simply…
In a striking development in the cryptocurrency market, two newly created wallets have withdrawn a total of 1,178.5 Bitcoin (BTC), valued at approximately $102 million, from Binance, one of the leading cryptocurrency exchanges. This large-scale transfer has caught the attention of market observers and raises questions about the implications for Bitcoin’s liquidity and market dynamics. 2 newly created wallet withdrew 1,178.5 $BTC($102M) from #Binance today.https://t.co/hbqS23kjYshttps://t.co/vzuCy8kFIo pic.twitter.com/9FzX3ypyxT — Lookonchain (@lookonchain) February 27, 2025 According to Lookonchain,The transfers occurred earlier today, involving substantial sums moved to external wallets. The first wallet received 978 BTC, amounting to roughly $84.02 million, while the second…
The Ethereum Foundation has announced $2 million in grants for Ethereum-related academic research, with proposals due by March 16, 2025. Ethereum Foundation Launches Third Annual Academic Grants Round The Ethereum Foundation is offering $2 million in grants to support academic research related to Ethereum, with applications accepted until 23:59 AoE on March 16, 2025. This marks the third iteration of its annual Academic Grants Round, following successful programs in 2023 and 2024. The development emerges as the Ethereum Foundation appoints Aya Miyaguchi to President, a strategic shift reflecting its evolving leadership framework. The 2025 round seeks proposals across disciplines such…
Iran blocks rial payments for crypto, affecting 10 million users amid economic crisis. Central Bank of Iran takes full control, tightening regulations on crypto trading. Authorities crack down on USDT, imposing a 4% daily price fluctuation limit. Iran is tightening control over cryptocurrencies as its economy struggles with rising inflation and a weakening national currency. The latest restrictions have left millions of crypto users in the country facing new challenges. At the same time, this crackdown has added more pressure to the global crypto market, which has already lost $500 billion in value over the past week. Iran Blocks Rial…
Wang Xin, founder of Qvod and a well-known serial entrepreneur, announced that he has increased his holdings of FAIR³ tokens during a recent Binance China Community Q&A. Although he did not disclose the specific amount of his investment, the market quickly reacted, driving the token price up by more than 30% in a short period of time. As of the last update, FAIR³ is trading at $0.01767. However, the token is not yet listed on centralized exchanges and could be high risk and could also be a fraudulent pump-dump scheme. Wang has previously expressed his commitment to the Web3 ecosystem…