Author: NBTC
Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, is poised for a massive price decline as it has formed a bearish price action pattern on its daily timeframe. However, investors and long-term holders seem to be taking advantage of this market outlook and are continuously accumulating tokens, as reported by the on-chain analytics firm Coinglass. $321 Million Worth of ETH Outflow Data from spot inflow/outflow revealed that during Ethereum’s ongoing price decline, exchanges have witnessed an outflow of over $321 million worth of Ether tokens, suggesting potential accumulation. Such outflows in a bearish outlook hint at an ideal buying…
Blockstream, the crypto company co-founded by legendary bitcoin (BTC) developer Adam Back, is expanding its global presence with the opening of a new office in Tokyo, the company said in a press release on Wednesday. The company will be partnering in the region with Diamond Hands, Japan’s leading Bitcoin strategic consultancy, and investment firm Fulgur Ventures. Blockstream plans to drive adoption of Bitcoin Layer-2 and self custody technologies in Japan, the company said, as well as the tokenization of real world assets (RWA). Japanese corporates have shown increased interest in the world’s largest cryptocurrency. Metaplanet (3350), the hotel investor, recently…
$HINT’s $11M market cap positions it as an undervalued gem in the AI space, ready for explosive multi-chain growth.” A bullish breakout has $HINT targeting $0.0313, driven by robust buying pressure and strong Fibonacci support levels.” Upcoming AI Agent integration and multi-chain expansion fuel optimism for $HINT, boosting its appeal as the Chainlink of AI. $HINT the infrastructure token for AI Agents on Base shows signs of another breakout. Traders are closely monitoring its technical indicators, highlighting its massive potential for growth. Notably, $HINT boasts a market cap of just $11 million, making it an undervalued contender compared to industry…
The Economic and Financial Crimes Commission (EFCC), a law enforcement agency in Nigeria, busted a major crypto crime ring with hundreds of potential criminals. Among them, 53 individuals have been officially charged. The police were only able to recover around $200,000 in assets, but they’ve identified nearly $3 million in various other deposits. Given the global spread of the crime, It’s uncertain how much money this operation made in total or where these assets have been laundered. EFCC Busts Crypto Criminals According to reports, these scammers ran several different operations, but they all fell under the broad umbrella of crypto…
After rallying over 50% since early November, bitcoin (BTC), the leading cryptocurrency by market value, looks to be carving out a pattern. If completed, this could see prices revisit the mid-$70Ks. BTC’s price action since late November has evolved into what technical analysts call a “head and shoulders” (H&S) pattern, which foreshadows a bullish-to-bearish trend change. The first failed attempt to scale the $100,000 mark in November marked the first shoulder. That was followed by the head, marking a swift retreat to $92,000 from the record high of over $108,000 in the second half of December. Meanwhile, the 5% drop…
Ethereum’s Pectra upgrade is set to go live on the Holesky and Sepolia testnets in February and March, according to the latest announcement from core developers. On Feb. 6, Ethereum (ETH) core developers confirmed that the Pectra upgrade will launch on the Ethereum test networks Holesky on February 24, 2025, and Sepolia on March 5, 2025. If all goes well, the highly anticipated network update will go live on the mainnet in April. Earlier timelines had the mainnet in March Tim Beiko, an Ethereum core developer and Ethereum Foundation support lead, shared the timeline details on X. According to him,…
With its latest approval from Hong Kong’s SFC, HashKey Capital can offer crypto investment strategies to professional investors. HashKey Capital has received approval from Hong Kong‘s Securities and Futures Commission to offer discretionary account management for cryptocurrencies under the existing type 9 license, the firm revealed in a Wednesday blog announcement. The approval means HashKey Capital can now manage investment products like spot crypto, derivatives, and even over-the-counter trades for wealthy clients. Vivien Wong, Partner at Liquid Funds, says investors have “historically been cautious about entering the virtual asset space due to the associated risks.” “With our discretionary account management…
Flamingo is hosting an upcoming Testnet Trading Competition, designed to facilitate testing of its new block-based, on-chain OrderBook+ on Neo N3. The competition runs from Jan. 13 at 2:00 p.m. (UTC) to Jan. 27 at 2:00 p.m. (UTC), offering participants the chance to win a share of a 200 GAS reward pool, valued at over US $1,000 at the time of writing. Competition Overview The event is aimed at stress-testing the OrderBook+ protocol by encouraging increased trading volumes and identifying potential bugs before its MainNet launch. The goal for participants is to accumulate the most competition TestNet USDT by the…
The parents of deceased OpenAI whistleblower Suchir Balaji have sued the city of San Francisco and the San Francisco Police Department, alleging that the real cause of his death was not suicide, but murder. The lawsuit, filed in January, alleges that the SFPD covered up the crime, ruling it a suicide without conducting a thorough investigation. Balaji, who had worked as a researcher at OpenAI, was found dead in his San Francisco apartment last November. Attorneys say Balaji’s parents, Poornima Ramarao and Balaji Ramamurthy, requested further investigation into his death but were told the case was already closed. “The lawsuit…
After weeks of quiet, Bitcoin has once again smashed the $100,000 mark. With $1.54 billion in $120,000 call options and Trump-era crypto speculation, is the stage set for a massive rally? Table of Contents BTC breaches $100,000, again What Trump’s inauguration could mean for crypto Macroeconomic winds: what this means for Bitcoin Crypto industry’s rising hopes Where could Bitcoin go next? BTC breaches $100,000, again Bitcoin (BTC) has been stealing the spotlight once again. After weeks of playing it safe in the $92,000 to $98,000 range, BTC has surged past the $100,000 mark, trading at $101,700 as of Jan. 7,…