Author: NBTC
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. This “altseason” has been a rollercoaster—great for traders who thrive on chaos but a soul-crushing grind for investors waiting for something, anything, to make sense. Volatility is king, and Ethereum (ETH), the so-called “smart contract leader,” has been looking less like a king and more like a washed-up heavyweight. You might also like: Ethereum’s lowered yield might signal a paradigmatic shift in the ecosystem | Opinion From a technical standpoint, ETH’s chart is downright tragic compared to…
European crypto investment firm CoinShares has reported more than a 50% revenue surge in Q4 2024, reaching $60.8 million. CoinShares ended 2024 with a big jump in revenue, reporting £48.3 million (around $60.8 million) in Q4, up 53% from the same period last year. In a Feb. 18 press release, the firm said its adjusted EBITDA hit £33.6 million, marking a 37% jump. CoinShares chief executive Jean-Marie Mognetti, addressing the firm’s financial results, called it “one of CoinShares’ strongest quarters since inception” as the political landscape changed considerably. “Q4 2024 was arguably the most transformative quarter in digital asset history,…
Steem Dollars, the stablecoin native to the Steem blockchain, has seen a remarkable price surge of over 106%, drawing fresh attention to the decentralized content and rewards platform. Originally created in 2016 by blockchain entrepreneur Ned Scott and BitShares founder Dan Larimer, Steem Dollars (SBD) were designed to provide stability in the volatile world of cryptocurrency while powering a unique ecosystem of social media and content creation. Its market cap currently hovers just above $47.5 million. Source: CoinGecko The coin’s recent rally highlights renewed interest in the Steem ecosystem, where Steem Dollars play a central role. Pegged to the U.S.…
Cloris Chen – CEO of Singularity Finance – participated in a roundtable to discuss the future of cryptocurrency regulation, taxation on digital assets, and AI-driven financial innovation. US Senators Cynthia Lummis, Tim Scott, Bernie Moreno, Bill Hagerty, and Marsha Blackburn also attended the meeting. The Event’s Goal According to a document shared with CryptoPotato, Senator Marsha Blackburn and Andrew Gordon hosted the discussion. The latter is a lawyer and Certified Public Accountant with extensive experience in crypto regulatory compliance. “For too long, the federal government has had its foot on the neck of the crypto industry. I’ve spent years helping…
South Korea’s Financial Services Commission (FSC) is getting ready to announce its decision on possible sanctions against Upbit. The decision comes after findings that Upbit didn’t fully meet customer verification requirements meant to prevent money laundering. Upbit Sanctions Decision Imminent The FSC’s Chairman, Kim Byoung-hwan, stated that the review process would soon wrap up, addressing concerns about delays raised by lawmaker Kim Jae-seop. During a National Assembly session, Chairman Kim assured the public that the FSC is working to resolve the matter quickly, pointing out it could affect market dynamics. He clarified that the review process has taken longer than…
Bitcoin owned 2024. It crushed every other investment class, climbed to insane heights, and proved once again why it’s king. Starting the year around $40,000, it more than doubled, hitting $108,000 in mid-December. How crazy is that? The launch of Bitcoin ETFs was a big reason behind the surge. These funds made it easier for investors to get in on the action. BlackRock’s iShares Bitcoin Trust ETF (IBIT) pulled in over $50 billion in 12 months, forcing Bloomberg to dub it the “greatest launch in ETF history.” And Bitcoin wasn’t the only winner. Ethereum ETFs hit the market in July,…
Ethereum is struggling once again as bearish forces take control. With Bitcoin tumbling below $96,000, ETH failed to sustain its recovery, reversing from the $2,750 resistance. A weakening technical setup and increased selling pressure are now fueling concerns of a potential dip to $2,400. The possible reason could be low trading volume and rising gas fees, along with record-high ETH supply, signal further downside. While the outlook remains bearish as the market is still under the trend line resistance, there are some signs of a rebound. Let’s dive in. https://twitter.com/Call4Tokentalk/status/1891728706831356175 ETH Fails to Hold $2,750, Slips to $2,663 Ethereum’s recent…
Metaplanet shares dropped over 8% after the Japanese firm announced a 10-for-1 stock split to improve liquidity. Japanese investment firm Metaplanet’s shares fell 8.41% on over-the-counter markets following the the firm’s announcement of a stock split. The drop came after the board approved the move to increase the number of shares and lower the price per unit. In a Feb. 18 notice, Metaplanet said the stock split aims to improve liquidity and expand investor base. “[…] we have decided to conduct a stock split to lower the price per trading unit, thereby improving liquidity, expanding our investor base, and strengthening…
In a mere fortnight, Ripple’s RLUSD stablecoin has witnessed its supply on Ethereum expand by $4.4 million. Yet, with 768 addresses in possession of the token, over 70% of the stablecoin’s supply lingers in the Ripple Deployer wallet or contract address. Ripple’s RLUSD Hits $4.4M in New Supply on Ethereum—Who Controls the Tokens? In 2024, Ripple’s RLUSD stablecoin garnered significant discussion and scrutiny, a digital currency pegged to the U.S. dollar or its equivalents, and deployed across both the Ethereum blockchain and XRP Ledger (XRPL). Currently, there are 57.6 million RLUSD tokens issued on Ethereum, having experienced 1,672 transfers. The…
Binance executive Tigran Gambaryan is facing a $662,000 defamation lawsuit from a Nigerian lawmaker who denies allegations of bribery. Nigerian lawmaker Philip Agbese has filed a 1 billion Nigerian Naira (around $662,000) defamation lawsuit against Tigran Gambaryan, a Binance executive, over bribery allegations, local news outlet Vanguard has learned. The suit, lodged at the Federal Capital Territory High Court in Abuja, claims that Gambaryan falsely linked Agbese to corruption schemes, per the report. Agbese denies the allegations and seeks a court declaration that the claims are defamatory. The lawsuit also demands a public apology, a ban on further claims, and…