Author: NBTC

Samson Mow, chief executive officer at Bitcoin-focused company Jan3 and a renowned BTC maximalist, has commented on the latest Bitcoin price surge which allowed the biggest cryptocurrency to regain the $71,000 price mark. Mow has again predicted the coming of an Omega Bitcoin candle soon. An Omega candle, as Mow explained in a recent interview and in multiple tweets, is a large trading candle on a Bitcoin chart accompanied by high volatility moves. Omega is coming. ♎️ — Samson Mow (@Excellion) May 20, 2024 Bitcoin reclaims $71,000 The world’s flagship cryptocurrency Bitcoin has finally succeeded in climbing back above $71,000…

Ethereum’s price performance certainly raises some serious questions, as the second-biggest cryptocurrency on the market is clearly losing momentum and is unlikely to gain enough traction for a bounce right now. But fundamentally, it has at least five reasons to recover sooner than expected. Mt. Gox does not have any ETH The imminent risk of a massive sell-off from Mt. Gox is one of the major factors weighing on Bitcoin. The trustee of the defunct exchange is scheduled to return a sizable portion of Bitcoin to creditors, which may intensify selling pressure. Due to this, Ethereum has a clear advantage…

There have been tremendous increases in Bitcoin and altcoins since the beginning of 2024. While spot Bitcoin ETFs played a major role in the rise in BTC, some altcoins surpassed BTC with their rise. Chinese cryptocurrency journalist Wu Blockchain said in his post that some of the altcoins in the top 100 cryptocurrencies by market value have surpassed the largest ones, Bitcoin and Ethereum. It was stated that the Wu Blockchain team ranked the top 100 altcoins whose growth exceeded Bitcoin this year. Stating that, according to the data, 23 altcoins have surpassed BTC and ETH with their rise since…

With an emphasis on the Howey Test, oral arguments in the Kraken v. SEC case on claims of acting as an unregistered exchange and broker-dealer get underway. The Ripple lawsuit serves as an example of how the Kraken case might move forward with a discovery phase. The SEC claims that 11 tokens, including SOL, ADA, and ALGO, are securities and charges Kraken of operating as an unregistered exchange and broker-dealer. Judge Orrick indicated a move in favor of the SEC throughout the ruling by asking the Kraken lawyer to try to change his mind before there was any debate. The…

Bit2Me, the largest cryptocurrency exchange in Latin America, remains at the forefront of innovation. Established in 2014 and headquartered in Spain, Bit2Me has become a pillar in the crypto community, not only in Europe but across both North and South America. The platform, known for its robust regulatory compliance, earned the distinction of being Spain’s first licensed crypto services provider by the country’s central bank two years ago. This move solidified its reputation as a trusted player in the global financial technology sector. Bit2Me’s growth strategy includes significant partnerships that enhance its service offerings. A notable collaboration with Telefónica, one…

Hashrate forwards signal bullish sentiment as analysts predict higher hashprice in the next 6 months, buoyed by Bitcoin’s $70,000 rally despite challenges. Hashrate futures contracts traders seem optimistic about Bitcoin‘s near-term prospects, with indications pointing towards a bullish sentiment as future hashprice quotes persist above spot price. 📢 HASHPRICE & HASHRATE MARKET UPDATE!Hashrate Forwards are trading in contango since the Halving, with future hashprice quotes above spot price.Bullish hashrate traders expect hashprice to rise over the next 6 months. They anticipate difficulty may fall/stagnate, transaction… pic.twitter.com/4ZLgN6Jxyp — Hashrate Index 🟧⛏️ (@hashrateindex) May 21, 2024 Analysts at Hashrate Index wrote anticipate…

Ether spot ETFs are likely to attract $15 billion of net inflows in the first 18 months, Bitwise CIO Matt Hougan wrote. Potential inflows can be estimated by comparing the relative market caps of bitcoin and ether, the report said. Bitcoin benefits from first-mover advantage, which may reduce the inflows into spot ether ETFs. Ether (ETH) spot exchange-traded funds (ETFs), which are expected to be approved for trading in the U.S. in coming months, are likely to attract $15 billion of net inflows in their first 18 months, Bitwise chief investment officer Matt Hougan wrote in a report on Monday.…

As the overall sentiment in the crypto market veers towards bullishness, leading cryptos have regained their previously lost levels and ignited further interest in meme coins. Brett (BRETT) has emerged as the standout performer, experiencing a 400% gain in the past 30 days alone. Having launched just three months ago, BRETT now boasts a market cap of $1.7 billion, positioning itself as the top gainer in the top 100 spot of the market. The Largest Meme Coin On The Base Network BRETT is a meme coin built on the Base network, with its mascot inspired by a character in Matt…

U.S. lawmakers are urgently advocating for the release of Binance’s executive Tigran Gambaryan, saying he’s just caught in a Nigerian political dispute. Arkansas Republican Rep. French Hill keeps urging the Biden administration to secure the release of Tigran Gambaryan, a U.S. citizen and the head of financial crime compliance for Binance, detained in Nigeria amid what Hill describes as a “Nigerian political fight.” In an interview with FOX Business, Hill, who’s also the vice chairman of the House Financial Services Committee, said he plans to consult with State Department officials regarding Gambaryan, who’s facing disputed charges including money laundering. “Tigran…

Key Points: Binance.US in Washington will halt operations on August 20, 2024, due to regulatory issues. Eight states, including North Dakota and Oregon, have revoked Binance.US’s operating licenses. The SEC has sued Binance.US for failing to register properly and engaging in manipulative trading. Binance.US in Washington State to Cease Operations The decision comes in response to recent regulatory developments that have resulted in the exchange losing its license to operate within the state. The Washington State Department of Financial Institutions is advising users with any questions or concerns. Binance.US in Washington’s suspension of support is now the eighth time the…