Author: NBTC

Ethereum price has crashed, making it one of the worst-performing blue-chip cryptocurrencies in February. Ethereum (ETH) dropped to a low of $2,075, its lowest level since January 2024 and about 50% below its highest level in November 2023. The ongoing decline has broken the second-largest cryptocurrency’s six-year track record. This marks the first February decline for Ethereum since 2018 and its worst February performance on record. Ethereum seasonality | Source: CoinGlass Ethereum’s decline has been more severe than that of its largest rivals. Bitcoin (BTC) has fallen by 25% from its highest level this year, while Ripple (XRP) is down…

Raise, a PayPal-backed company specializing in digital gift cards and loyalty programs, has raised a $63 million round led by Haun Ventures. The round brings Raise’s total funding to over $220 million. Other participants included Amber Group, Anagram, and GSR, among others, according to a press release. The Chicago-based company is set to use the funds to develop its blockchain-backed Smart Cards and expand the Retail Alliance Foundation, a non-profit focused on securing and modernizing the global gift card network. The company aims to make gift cards a “fully programmable retail currency” that strengthens brand loyalty. “This isn’t a reaction…

The Quai Network, a pioneer in scalable blockchain technology, and Akash Network have collaborated to introduce decentralized cloud computing capabilities for miners. With the help of Akash’s distributed cloud platform Quai miners can operate through decentralized nodes This integration increases participation across the network, and enables Quai blockchain security by limiting dependency on centralized structures. https://t.co/NNl3VBr5WL — Quai Network ⚡️💵 (@QuaiNetwork) December 27, 2024 With the availability of Akash nodes, Quai Network introduces a decentralized operational framework, aligning with its mission to scale Proof-of-Work technology. Quai Network has disclosed this integration through its X account, showcasing as a new milestone…

Binance has officially introduced MyShell (SHELL) as the 10th project on its HODLer Airdrop page, offering BNB holders the chance to earn SHELL tokens through retroactive Simple Earn subscriptions. Binance Announces MyShell (SHELL) as 10th HODLer Airdrop Project Users who subscribe to Simple Earn (Flexible or Locked) and/or On-Chain Yields products will be eligible for the airdrop distribution if they deposit their BNB between 03:00 on February 14, 2025 and 02:59 on February 19, 2025. Binance estimates that HODLer Airdrop details will be available within 12 hours and SHELL tokens will be distributed to users’ Spot Accounts at least one…

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Bitcoin is down -6.44% today against the US Dollar BTC/ETH increased by 2.53% today Bitcoin is currently trading 15.98% below our prediction on Mar 04, 2025 Bitcoin dropped -21.85% in the last month and is up 29.64% since 1 year ago BTC price is expected…

DraftKings has agreed to settle a class action lawsuit which alleged it violated Federal Securities Law when it sold NFTs on its marketplace, according to a Federal court filing on Wednesday. The settlement, which was negotiated by both parties “at an arm’s length,” would see the company pay $10 million cash to a settlement fund which will pay for legal fees, settlement costs, and compensation to each participating class member, defined as “persons or entities who purchased, acquired, sold, disposed of, owned, held, used, or otherwise transacted in NFTs in a DraftKings account.” The motion for preliminary approval highlighted the…

Ethereum (ETH), the second-largest altcoin in the cryptocurrency world, has long been a subject of much discussion, and more often than not, a target for banter among traders. From underperforming prices to the controversial comment from Ethereum’s creator, Vitalik Buterin, just about everything surrounding this digital asset over the past two years has sparked some form of sarcasm or irony. A recent example of this comes from a price movement that led to some unexpected laughter in the crypto community. Amid a massive liquidation event that saw crypto bagholders lose at least $1 billion overnight, the price of Ethereum plummeted…

In a report detailing the outcome of the first phase of drex, the national CBDC pilot, the Central Bank of Brazil acknowledged that none of the anonymity and privacy solutions tested met the project’s needs. Central Bank of Brazil Still in Search of Privacy Solution for CBDC The pilot of the Brazilian central bank digital currency (CBDC) has hit a roadblock. In a recently issued report detailing the results of the first phase of the pilot project, which finished last year, the Central Bank acknowledges that the possible implementation of this currency still lacks a key attribute: privacy. The report…

Cardano (ADA), the ninth-largest cryptocurrency by market capitalization, is hinting at significant activity over the past 48 hours. According to Ali, whales have bought over 20 million Cardano during this period. Although the exact reason behind these moves remains unknown, a few potential explanations might be likely. The recent progress on Cardano’s decentralized governance framework, including CIP-1694, may have boosted investor sentiment about the project’s long-term viability. Whales have bought over 20 million #Cardano $ADA in the past 48 hours! pic.twitter.com/ofFBS3wec5 — Ali (@ali_charts) December 29, 2024 On Dec. 21, Intersect, a member-based organization for the Cardano ecosystem, announced that…

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has received its second-in-principle license approval to operate a virtual assets exchange platform. This time, it’s from the UAE regulatory authority, the Securities and Commodities Authority (SCA). This is the first time SCA has granted an in-principle approval to a VASP operator. This is the second in-principle approval (IPA) after Bybit received its first one from Dubai’s Virtual Asset Regulatory Authority (VARA) back in 2024. The IPA will allow Bybit to set up a virtual asset platform operation within the UAE. UAE’s Securities and Commodities Authority (SCA) grants Bybit IPA As…