Author: NBTC

Ethereum (ETH) has seen a significant increase in its on-chain transaction fees. Ethereum’s gas fees have flipped a level last seen in April 2024. As per a post by IntoTheBlock on X, DeFi activity is responsible for this significant spike in gas fees. Key drivers behind Ethereum fee increase Ethereum’s weekly gas fees reached $67 million, representing a 17.9% increase. Despite the spike, this signals increased activity on the Ethereum blockchain. The update attributes this to an uptick in usage among decentralized finance platforms. Additionally, most altcoins experienced a huge drop in price when Bitcoin (BTC) dropped below the historic…

Florida’s Chief Financial Officer (CFO) Jimmy Patronis has announced an ambitious initiative to assess the viability of using gold and silver bullion as legal tender in the Sunshine State. Florida’s Golden Shield: Fighting Inflation and CBDCs With Precious Metals According to the state’s CFO, Jimmy Patronis, the study, led by the Florida Department of Financial Services (FLDFS), represents a significant step toward diversifying currency options and safeguarding Floridians from economic uncertainties, including inflation and potential central bank digital currency (CBDC) implementations. Currently limited to investment purposes, gold and silver bullion may soon expand their role in Florida’s economy. Patronis emphasized…

GraFun, a memecoin launchpad on the BNB Chain, has introduced GraFun Labs aimed at fostering growth in the meme ecosystem through partnerships with DWF Labs and Floki. GraFun Labs will assist new memecoin projects with a unique narrative through its Growth Program. Memecoin launchpad GraFun today releases its GraFun Labs division, a multi party initiative to support and grow the meme ecosystem on BNB Chain. The Labs partners include trading firm DWF Labs and the Floki, BNB Chain’s largest memecoin by market capitalization. The project will help small memecoins in community growth, brand, marketing, engagement and influencer marketing. “Memecoins have…

The crypto economy experienced a dramatic $1.5 billion in long liquidations, resulting in a 3,000-point drop before finding support at the critical 95,000 level, according to analysts at QCP Capital. Institutional Demand Rises: QCP Questions If Market Can Stay on the Sidelines The leading cryptocurrency, bitcoin (BTC), has since recovered, consolidating in the 97,000 to 98,000 range. This volatility has left altcoins trailing in performance, QCP Capital analysts explained in a note. Despite the turbulence, QCP noted strong momentum in the market for spot exchange-traded funds (ETFs). Bitcoin and ethereum (ETH) spot ETFs have recorded eight and 11 consecutive days…

Ethereum ETFs saw a significant $1.5 billion investment in December, reflecting increased institutional interest. Analysts believe the timing of these purchases may signal bullish expectations for Ethereum’s price. The surge in Ethereum ETF activity could have broader implications for the altcoin market, potentially triggering a ripple effect. Institutional interest in Ethereum ETFs has surged significantly in December, with approximately $1.5 billion worth of Ether purchased by these funds during the month. This great pile up has not escaped the attention of the market players and there are certain ideas among them regarding possible stimuli to form this phenomenon and its…

Zand, the UAE’s first fully licensed AI-powered digital bank, is now able to offer digital asset, and crypto custody services after Dubai’s regulator VARA ( Virtual Assets Regulatory Authority) approved its license. Zand is the first UAE bank to be able to offer institutional-grade digital asset and crypto custody services under its banking license. The bank will offer its crypto custody services to corporate and institutional clients. As per a press release, Zand Bank will have the private keys protected onshore in UAE Hardware Security Modules (HSMs) to meet the highest global standards. Mohamed Alabbar, Chairman of Zand, commented “This…

The Bitcoin market has long been characterized by cyclical movements and adoption-driven growth, and investors frequently seek tools to better understand and anticipate these cycles. One such tool is the Golden Ratio Multiplier—a Bitcoin-specific indicator developed by Philip Swift, Managing Director of Bitcoin Magazine Pro. This article delves into the intricacies of the indicator and analyzes the recent Chart of the Day, which provides a> The #Bitcoin Golden Ratio Multiplier 1.6x level, currently at ~$100,000, has once again acted as resistance for #BTC price action! 🐻If we can rally through this level, then ~$127,000 is our next major target! 🎯…

Ethereum (ETH) price is showing mixed signals as it trades between a key resistance at $4,100 and support at $3,600. Recent metrics, including NUPL (Net Unrealized Profit/Loss), indicate improving investor sentiment, and ETH remains far from the “Euphoria – Greed” stage seen at market tops. Whale activity has also slowed after a significant accumulation phase earlier in November, suggesting a possible consolidation period. These factors together highlight both the potential for a new all-time high before Christmas and the risks of a correction in the short term. ETH Is Far from Euphoria — And This Could Mean a Lot Of…

Bitcoin crossing the $100,000 mark is a global headline, but nowhere is it more celebrated than in Singapore. The city-state, known for its wealth and tech-forward mindset, has been years ahead of the curve in embracing cryptocurrencies. It didn’t happen by luck. A well-planned mix of infrastructure, regulatory clarity, and incentives made Singapore the place for crypto, while others like China and India dragged their feet. According to Henley & Partners, Singapore tops the global crypto adoption index. Tax breaks, regulatory frameworks, and a central bank willing to experiment with a digital Singapore dollar are all part of the game…

Dog-themed cryptocurrency Shiba Inu might be on the verge of a transformative shift that will put power into the hands of real holders. A recent update from Shiba Inu team member Lucie has hinted at upcoming governance milestones, which would mark Shiba Inu’s next chapter in the coming days. In a tweet, Lucie indicated that Shib’s DAO and foundation might be coming soon. “The time is almost here. As we approach the 2024/2025 launch, the Shib ecosystem is on the verge of a transformative shift that will put power into the hands of real holders,” Lucie stated. Shib’s DAO and…