Author: NBTC
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been a key player in the crypto market, driving innovation in decentralized finance (DeFi), smart contracts, and blockchain applications. However, after reaching an all-time high of $4,878 in November 2021, ETH has struggled to reclaim those heights, facing multiple price corrections. Currently trading around $1,967, ETH price has been in a prolonged downtrend, raising concerns among investors. With the crypto market showing signs of recovery and institutional interest growing, the question remains: Can Ethereum break out of its bearish trend and rally to an ambitious target of $7,000? To answer this,…
Privy, a provider of cryptocurrency wallet infrastructure, raised an estimated $15 million in a funding round led by Ribbit Capital. The company, which announced the funding on Wednesday, offers application programming interfaces (APIs) for developers to manage and integrate user data, allowing its customers to offer crypto services and other on-chain functions so that end users can buy, sell and hold cryptocurrency. “Businesses that emerge from the early adoption of crypto rails will not only thrive but also redefine how value is created and exchanged globally,” Privy said. “But this future hinges on one critical factor: making it easy for…
TOP AI Network collaborates with Filecoin to enhance AI training through decentralized and efficient data storage. Filecoin’s decentralized storage helps TOP AI Network optimize AI models with reliable, secure, and accessible infrastructure. TOP AI Network, a platform known for its decentralized approach to AI model development, has now entered into a partnership with Filecoin. This cooperation creates new chances for safer, more broadly accessible, and more effective development and storage of AI models. TOP AI Network is using Filecoin’s decentralized storage to power AI model training and optimization. By combining decentralized inference with reliable storage, they’re making AI development more…
Retail transactions, food, and drinks make up most cryptocurrency usage behaviors in the European Union, a new mini-report by Oobit indicates. The study conducted an investigation of six months of Oobit usage data. The statistics show that 70% of all crypto costs are categorized as day-to-day retail purchases. Romania, Poland, and Hungary were also the top three nations for crypto payment usage on the Oobit platform. USDT is the leading choice of payment currency Tether’s USDT has become the go-to stablecoin for European crypto payments. USDT made up 92% of all transactions that were made via the Oobit app. The…
Bitcoin (BTC) and the broader cryptocurrency market have been caught in sharp swings following the release of hotter-than-expected economic data, which reignited inflation fears and triggered widespread corrections. Despite the volatility, Bitcoin appears to be following a familiar historical cycle that could signal the start of a new bullish leg, potentially driving its price toward $125,000 in the coming months. Bitcoin mirrors past cycles, signaling a breakout Notably, an analysis by TradingShot highlights striking similarities between Bitcoin’s current consolidation and past cycle movements. The cryptocurrency has been trading sideways since hitting a double all-time high (ATH) in December 2024 and…
Ethereum whales are doubling down on the top altcoin by market cap with an impressive $236 million buy wall in three days. Ethereum (ETH) price continues to trade below $2,000, struggling amid recent sell-off pressure. However, whales, or large-scale investors with substantial ETH holdings, are unfazed. In fact, on-chain data shows that the world’s largest altcoin by market cap has attracted significant buying activity from large holders. On March 21, crypto analyst Ali Martinez shared a chart showing a spike in whale accumulation of ETH. According to the analyst, the latest dip that saw Ethereum’s price retreat from above $2,000…
With crypto markets surging and once-existential regulatory concerns melting away hour by hour under the Trump Administration, industry leaders are tacking hard to aggressive growth strategies unthinkable even months ago. Enter Doodles, one of the struggling NFT sector’s top brands. Under the stewardship of former Billboard executive Julian Holguin, Doodles weathered the yearslong crypto bear market by building out one of the most prominent awareness campaigns in crypto— snagging partnerships with the likes of McDonald’s, Adidas, and pop music sensation Pharrell Williams. But now, the company is changing course, replacing its seasoned top executive with the NFT collection’s original artist,…
The number of cryptocurrency investors in Türkiye, as well as all over the world, is increasing day by day. At this point, while it is estimated that 10 million people in Türkiye have invested in cryptocurrencies, new statements came from BinanceTR, the Turkish arm of the world’s largest cryptocurrency exchange Binance. Speaking to AA, BinanceTR CEO Mücahit Dönmez answered questions about cryptocurrencies. Can Be Inherited! Answering the most frequently asked questions in the field of inheritance and enforcement regarding the legal status of cryptocurrencies, Dönmez said that cryptocurrencies are included in the estate as inheritance and passed on to the…
Nasdaq-listed Zoom Communications (ZM), a stock market high-flyer during the pandemic boom that’s faced tougher times since, should embrace a bitcoin (BTC) strategy to shake up sluggish stock performace and provide value to shareholders, said Eric Semler, chairman of medical technology firm Semler Scientific (SMLR). “Once a pandemic darling, Zoom is now stuck in a highly competitive, slow-growth market,” Semler said in an X post Thursday. “By leveraging its $7.7 billion cash pile, $2 billion in annualized free cash flow, and ready access to low-cost debt, Zoom could rapidly become one of the largest corporate holders of Bitcoin,” Zoom shares…
The U.S. Securities and Exchange Commission is holding its first crypto regulation roundtable, focusing on defining the security status of crypto assets. The event marks the beginning of a series of discussions by the SEC’s newly formed crypto task force, which could have significant implications for the broader cryptocurrency market. Defining crypto assets as securities According to CNBC’s Tanaya Macheel, the SEC’s efforts aim to provide clearer guidelines on whether certain crypto assets should be classified as securities, an issue that has created tension between the SEC and the crypto industry. “The former administration’s SEC targeted many companies for their…