Author: NBTC

Bitcoin rallied from the $62,910-$62,300 support zone and traded long at $62,910. According to Coinotag analysts, BTC has a target of $65,800 and is expected to exceed this level. Otherwise, the decline may continue. Readers are advised to set an entry stop at $62,910 and set their targets at $65,800 and $69,000. Bitcoin’s technical analysis focuses on the target of $69,000 by breaking the resistance above $65,800 with the rise starting at $62,910. MEDIUM TERM BTC ANALYSIS 8-Hour BTC/USD Price Chart Looking at Bitcoin’s 8-hour technical chart, according to the analysis we shared yesterday, BTC fell to the $62,910 –…

Tether has added native USDT on Celo blockchain. Celo ecosystem partners across P2P payments, lending, and remittances will leverage the stablecoin in their operations. Tether’s USDT is now live on Celo, a mobile-first and EVM-compatible blockchain. USDT integration on the Celo mainnet bolsters the blockchain platform’s stablecoin adoption and real-world assets (RWAs). “This expansion introduces USDT to Celo’s robust ecosystem with over 1,000 partners in 150 countries, including Opera MiniPay’s ultralight stablecoin wallet in Kenya and Ghana, among other countries,” the Celo Foundation said in a blog post. Tether and Celo initially announced their partnership on March 11. At the…

In a recent announcement, cryptocurrency analysis company Arkham disclosed the reserves held by major centralized exchanges. The report provides a detailed breakdown of assets held by each exchange. Binance Binance, the world’s largest cryptocurrency exchange by trading volume, has a staggering total assets of $209.35 billion. The distribution of the main assets is as follows: BNB: $96.90 billion BTC: $40.56 billion USDT: $27.26 billion ETH: $13.72 billion FDUSD: $3.60 billion USDC: $2.50 billion WBETH: $2.26 billion SHIB: $1.74 billion PEPE: $969.15 million LINK: $863.28 million coinbase Amerika Birleşik Devletleri merkezli tanınmış bir kripto para borsası olan coinbase, 80,46 milyar dolar…

Billionaire investor and SkyBridge Capital founder Anthony Scaramucci founder Anthony Scaramucci has once again spotlighted Bitcoin (BTC) in his recent post about the coin. Taking to his official X page, Scaramucci noted that the United States dollar is far from losing its appeal. He showcased how the value of a dollar from 2020 is now worth just about 75 cents. The reduction in the value of the U.S. dollar, and technically, most fiat currencies prove that these Central Bank notes are not worth relying on as a store of value. The 25.14% compounded inflation rate recorded by Bitcoin is deemed…

Ethereum Name Service (ENS) has petitioned the United States Patent and Trademark Office (USPTO) to challenge the validity of a patent obtained by Unstoppable Domains (UD) in 2023. ENS claims that UD’s patent utilizes technology that ENS had developed and open-sourced. In a statement on social media platform X, ENS explained that UD obtained a patent for technology that ENS Labs developed with the intent of being open-source.. Both ENS and UD provide domain name and wallet services with top-level domains (TLDs) such as .crypto, .eth, and similarly branded names that form an affinity with the crypto space. ENS alleges…

Layer 1 blockchain Sui announced a partnership and collaboration with the banking service provider Revolut. According to the press release shared with Cryptonews, the partnership aims to bolster awareness and adoption of blockchain technology among Revolut’s user base of 40 million customers globally. It also wants to open “new avenues for Sui’s growth, particularly across Europe.” Sui To Enter Revolut Learn As part of the partnership, Sui will use Revolut’s Learn program and its educational content to educate “a relatively untapped” global audience of potential future crypto users at scale. The participants will learn about SUI’s underlying technology and growing…

Solana cofounder Anatoly Yakovenko recently weighed in on the ongoing discourse surrounding Ethereum (ETH), providing a measured perspective amid concerns raised by the community. Following a flurry of debate and uncertainty, Yakovenko defended Ethereum, asserting that while progress may be slow and challenging, the platform will ultimately sustain itself. The discussion emerged against a backdrop of criticism directed toward Ethereum’s research quality and talent retention. Some voices within the ecosystem expressed worries about the decline in research standards and the departure of experienced developers and researchers. Concerns were also raised regarding the significance of Miner Extractable Value (MEV) research and…

X platform user calling himself DogeDesigner (@cb_doge) and one of the X team members has published a post, stating that “2024 will be the year of 𝕏 Payments.” 2024 will be the year of 𝕏 Payments pic.twitter.com/CkHlelfJUN — DogeDesigner (@cb_doge) March 26, 2024 This triggered an enthusiastic response from the crypto community based on this popular social media platform and average X users. Hope for DOGE payments on X arise from ashes This announcement follows the news of X owner tech centibillionaire Elon Musk securing licenses for payment processing and money transmitter operations in three new US states. The authorities…

MicroStrategy’s involvement with Bitcoin is a foundation of institutional crypto exposure. Recently an unrealized profit of the company, it has hit the $6.2 billion mark. MicroStrategy’s purchase strategy may seem random and somewhat archaic, but there is logic behind it. The company has systematically increased its Bitcoin holdings through calculated purchases. These buying strategies are marked by timing the market to optimize entry points and significantly investing during price drops. MicroStrategy’s purchases often coincide with price dips, exemplified by the accumulation spots highlighted on their portfolio’s performance chart. These strategic buys are somewhat similar to a popular dollar-cost averaging strategy,…

Ethereum experienced a significant upward reversal from a crucial support zone. ETH is anticipated to rise toward the next resistance level of $3,340. Market sentiment for Ethereum remains largely positive, supported by its recent rebound. Ethereum (ETH) enthusiasts are buzzing with anticipation as the cryptocurrency recently bounced back from a crucial support zone. This zone, characterized by the convergence of various technical indicators including a key support level, a support trendline, the lower Bollinger band, and a Fibonacci correction level, served as a springboard for ETH’s upward momentum. This reversal not only halted the previous correction phase but also injected…