Author: NBTC
Standard Chartered analysts say Ethereum is going through a “midlife crisis,” with ETH struggling to hold around $2,000. Ethereum (ETH) has seemingly stuck in limbo as it’s giving away its value for free to layer-2 networks while struggling to keep investors interested. The world’s second-largest cryptocurrency by market capitalization has dropped 40% in the past three months, with Standard Chartered analysts now saying the network if facing “midlife crisis.” In an interview with the Financial Times, Standard Chartered’s head of digital assets research Geoff Kendrick said the network “gave away value for free” as with layer-2 networks Ethereum has “essentially…
Crypto payment gateway Alchemy Pay is teaming up with Sonic Labs to enable fiat on-ramps for Sonic’s native token S. Alchemy Pay (ACH) and Sonic Labs announced their strategic partnership via a press release published on Wednesday, March 26. In the announcement, the companies said they were joining forces to support S token’s global adoption. S is the native token of the high-performing Ethereum Virtual Machine blockchain Sonic, formerly Fantom. The integration will see the ramp solution provider add S to its suite of supported cryptocurrencies. With this, anyone around the world can use supported local fiat currencies to buy…
H.C. Wainwright & Co. analyst Mike Colonnese has added Bitfarms stock to the firm’s top picks in the Bitcoin mining sector for 2025, citing strong operational improvements and a shift toward high-performance computing and AI infrastructure. In a research note following Bitfarms’ Q4 2024 earnings report and conference call, Colonnese said the market is “significantly undervaluing” the company’s scaled-up mining operations and emerging AI strategy. H.C. Wainwright reiterated its Buy rating on Bitfarms with a $3.50 per share price target, implying upside potential of more than three times from its current price of around $0.98. Q4 recap Bitfarms reported on…
Bitcoin and the broader crypto market show signs of uncertainty at the start of the week. The past few weeks have seen Bitcoin and the broader crypto market unable to establish a clear direction, and the leading digital asset’s price action at the start of this week suggests more of the same. In this article, The Crypto Basic takes a look at what is driving this uncertainty. Trump Game During Asian trading hours on Monday, February 10, the Bitcoin market continued to show signs of uncertainty after falling 1.2% from an opening price of around $96,500 to lows of $95,300,…
The Bitcoin-backed mUSD stablecoin is coming to Bitcoin’s favorite native PerpDEX platform Velar in a move that promises to be a key milestone as the world’s oldest cryptocurrency evolves into a yield-bearing asset with the same utility of tokens like ETH and SOL. Velar said it’s partnering with mUSD issuer Mezo to bring the asset to its PerpDEX platform, utilizing the tBTC bridge infrastructure to facilitate transfers from Mezo’s incentivized testnet, known as matsnet. If you’re not familiar with mUSD, you might want to get to know this new asset, which is claimed to be the first decentralized stablecoin that’s…
As Bitcoin (BTC) and crypto markets continue to exhibit increased volatility, traders and investors seek ways to protect their investments. Amid this market uncertainty, crypto airdrops offer lucrative opportunities with minimal initial investment. Airdrops distribute free tokens to attract new users and expand communities. The following airdrops present a chance for crypto enthusiasts to earn new tokens and engage with emerging projects. KITE AI KITE AI (or GoKITE AI/ Kite AI) is a Layer 1 (L1) blockchain platform tailored for artificial intelligence applications. Built as a sovereign chain on Avalanche, it aims to create a decentralized ecosystem where AI models,…
The growing complexity in Ethereum price trend over the $2,000 level warns of increased volatility. Will a post-retest reversal navigate a rally to $2,500? Amid the growing anticipation of the crypto market reclaiming a $3 trillion valuation, Ethereum maintains dominance above the $2,000 mark. After recently retesting the psychological $2,000 level, Ethereum is trading at $2,954, with an intraday pullback of 1.28%. However, a lower price rejection and a short-term recovery on the 4-hour chart suggest a potential bounce-back. Will this post-retest reversal help Ethereum reach the $2,500 mark? Ethereum Price Analysis Hints Extended Recovery On the 4-hour price chart,…
UQUID has launched its gift card on G2A.com, a primary web-based marketplace for easy access to cryptocurrency. UQUID enables customers to enter the Web3 economy through standard payment systems that combine credit cards and PayPal with the existing e-commerce networks on G2A.com. 🎁 Introducing UQUID Gift Card – your easy first step into the world of crypto!At UQUID, we’re on a mission to connect the traditional world (Web2) with the new world of crypto (Web3), making it simple for anyone to start using digital money. Whether you’ve never used crypto or… pic.twitter.com/um2k0WDgWB — UQUID – Web3 Shopping Infrastructure (@uquidcard) March…
The solo miner of Bitcoin block 888,737—won last week with a $266,000 BTC reward—shared their story with Bitcoin mining hardware creator FutureBit, whose Apollo miners helped lead to the sizable score. The anonymous miner, who took home more than 3.15 BTC or around $266,000 last week between the fixed reward and transaction fees, did so with a home setup composed of three FutureBit Apollo miners and one Bitmain SK19pro, according to the shared email posted to X. “I usually have the Apollo miners set on efficiency mode,” the email reads. “During the colder months, I run the SK19Pro at 60TH…
Bitcoin’s price has struggled to reclaim the $100,000 mark, facing repeated rejections that have triggered sharp pullbacks. Despite these setbacks, BTC has demonstrated resilience and has held above critical support levels. While long-term holders are losing confidence, new investors are using the bearish market as an opportunity to accumulate at lower prices. Bitcoin Investors Are In Fear The Fear and Greed Index currently indicates a bearish sentiment, reflecting growing uncertainty among BTC holders. The index has dipped into the Fear zone for only the second time since October 2023. This shift suggests that many existing investors are reluctant to participate…