[ad_1] Crypto exchange Bybit is making a major strategic shift by significantly reducing its presence in the Web3 space. After recently shutting down its NFT marketplace, the platform is now preparing to discontinue multiple other services, including its wallets and DeFi tools. Wallets and DEX Services to Be Discontinued In an announcement dated April 16, Bybit revealed that it will shut down the following products by May 31: Cloud Wallet (custodial wallet) Keyless Wallet (non-custodial wallet using MPC without seed phrases) NFT Marketplace DEX Pro, a multi-chain decentralized exchange Swap & Bridge, a cross-chain swap widget Loyalty Program and Other…
Author: NBTC
[ad_1] Bitcoin just notched its worst first quarter in a decade, falling 11.7% as markets struggled to understand the new administration’s economic agenda. The performance ranked 12th out of the past 15 first quarters, according to NYDIG Research’s data. The drawdown invites a familiar question in crypto circles: is the cycle over? The last time bitcoin started the year this poorly was in 2015, during a prolonged slump following the 2013 peak and after the collapse of Mt. Gox, according to NYDIG. Back then, prices recovered modestly over the rest of the year before surging in 2016. In the first…
[ad_1] Despite bearish price action and a shaky market outlook, Ethereum is quietly finding its way back into the hands of crypto whales. While prices are slipping and technical indicators point to a downward trend, major wallets have been quietly scooping up ETH in large amounts – a move that has analysts asking: what do they know that we don’t? Whales are accumulating $ETH!A wallet linked to Metalpha has withdrawn 29,000 $ETH($48.73M) from #Binance since Apr 1.0xd81E has withdrawn 46,577 $ETH($97.26M) from #Gateio since Feb 15.0×6034 has withdrawn 10,091 $ETH($18.8M) from #Bybit since Mar 12.… pic.twitter.com/yUXpsLTjQm — Lookonchain (@lookonchain) April…
[ad_1] A newly released memo from the US Department of Justice (DOJ) has caused quite a stir in the cryptocurrency industry by signaling a major policy shift under President Donald Trump. The memo outlines a pullback from aggressive enforcement strategies adopted under Biden. The DOJ memo, released last week, clearly distances the department from the previous administration’s “regulation by litigation” approach. Instead, it reaffirms that the DOJ will no longer pursue cases that impose regulatory frameworks on digital assets; that task belongs to agencies explicitly tasked with overseeing the industry, it says. “The Department of Justice is not a digital…
[ad_1] Crypto exchange Kraken has launched FX perpetual futures, expanding into traditional markets with round-the-clock trading for major forex pairs, the company said in a blog post Friday. The first contracts, EUR/USDand GBP/USD, are now live on Kraken Pro, with more to follow. Unlike standard forex products, FX perps have no expiry and operate 24/7, mirroring crypto futures. With FX perps, Kraken is doubling down on serving institutional and professional traders looking for deeper exposure to fiat markets through a crypto-native platform, the company said. Crypto and traditional financial markets are increasingly converging. Kraken recently launched commission-free trading for U.S.-listed…
[ad_1] The world’s largest cryptocurrency, Bitcoin (BTC), has experienced a sharp decline, falling from $83,000 to below $80,000, down nearly 3% in just a few hours. At the time of writing, BTC is trading at $79,600, down 3.93% on the day. Chart showing the decline in BTC price in the last 24 hours. The sudden drop comes amid a broader risk-off sentiment and ongoing liquidity shifts in global markets ahead of Wall Street’s opening bell, after BTC showed resilience when markets across the board were slumping following the U.S. tariff announcement last week. Over $390 million worth of crypto positions…
[ad_1] A big week for NFTs as CryptoPunks maintained their leadership in digital collectibles. During the past seven days, CryptoPunks sold for more than $1.2 million through ten specific sales, as reported by Phoenix Group. These outstanding statistics represent both the financial worth and cultural appeal of these NFTs while showing continued popularity despite Web3’s maturity phase. TOP #NFT SALES IN THE LAST 7D Among the largest sales in the last 7D are:#CryptoPunksLargest Sale: CryptoPunk #3873 – $260.13K pic.twitter.com/p8J86dFv7H — PHOENIX – Crypto News & Analytics (@pnxgrp) April 20, 2025 CryptoPunk #3873 Tops the Charts with $260K Sale The CryptoPunk…
[ad_1] The Ethereum price has stabilized above the support at $1,400 and below the resistance at $1,700 or the moving average lines. Ethereum price long-term analysis: bearish The price movement has stagnated above $1,500 since April 11, as Coinidol.com wrote before. The presence of doji candlesticks indicates that traders are uncertain about the direction the market will take. The 21-day SMA barrier and support at $1,400 have limited the cryptocurrency’s upside and downside moves. On the upside, Ether will regain its positive momentum if it rallies and breaks above the 21-day SMA barrier, the bullish momentum will extend to the…
[ad_1] Another XRP price glitch has surfaced, this time on live American TV, with the value of the altcoin suddenly soaring to tens of thousands. XRP has been the subject of multiple price glitches over the past few years, but this trend seemed to have paused in Q4 2024 and Q1 2025. Interestingly, a recent re-occurrence has taken the XRP community by storm, especially considering the rate of change and the potential audience reach. This week, amid the market recovery that began on Sunday, cable news channel Real America’s Voice presented an outlook on the cryptocurrency market during the American…
[ad_1] Richard Kim, the founder of crypto casino Zero Edge, was arrested on Tuesday following allegations that he had gambled away investors’ funds. According to an FBI complaint filed on Tuesday in the Southern District of New York, Kim “fraudulently induced investors to invest in Zero Edge, a cryptocurrency technology company he founded, and then misappropriated millions of dollars in those investors’ funds.” The FBI said Kim lost 3.8 million of his investors’ funds and charged him with securities fraud and wire fraud. According to court records, Kim posted a secured bond of $250,000 and put up $100,000 in “cash…