Author: NBTC
Ethereum is struggling once again as bearish forces take control. With Bitcoin tumbling below $96,000, ETH failed to sustain its recovery, reversing from the $2,750 resistance. A weakening technical setup and increased selling pressure are now fueling concerns of a potential dip to $2,400. The possible reason could be low trading volume and rising gas fees, along with record-high ETH supply, signal further downside. While the outlook remains bearish as the market is still under the trend line resistance, there are some signs of a rebound. Let’s dive in. https://twitter.com/Call4Tokentalk/status/1891728706831356175 ETH Fails to Hold $2,750, Slips to $2,663 Ethereum’s recent…
Metaplanet shares dropped over 8% after the Japanese firm announced a 10-for-1 stock split to improve liquidity. Japanese investment firm Metaplanet’s shares fell 8.41% on over-the-counter markets following the the firm’s announcement of a stock split. The drop came after the board approved the move to increase the number of shares and lower the price per unit. In a Feb. 18 notice, Metaplanet said the stock split aims to improve liquidity and expand investor base. “[…] we have decided to conduct a stock split to lower the price per trading unit, thereby improving liquidity, expanding our investor base, and strengthening…
In a mere fortnight, Ripple’s RLUSD stablecoin has witnessed its supply on Ethereum expand by $4.4 million. Yet, with 768 addresses in possession of the token, over 70% of the stablecoin’s supply lingers in the Ripple Deployer wallet or contract address. Ripple’s RLUSD Hits $4.4M in New Supply on Ethereum—Who Controls the Tokens? In 2024, Ripple’s RLUSD stablecoin garnered significant discussion and scrutiny, a digital currency pegged to the U.S. dollar or its equivalents, and deployed across both the Ethereum blockchain and XRP Ledger (XRPL). Currently, there are 57.6 million RLUSD tokens issued on Ethereum, having experienced 1,672 transfers. The…
Binance executive Tigran Gambaryan is facing a $662,000 defamation lawsuit from a Nigerian lawmaker who denies allegations of bribery. Nigerian lawmaker Philip Agbese has filed a 1 billion Nigerian Naira (around $662,000) defamation lawsuit against Tigran Gambaryan, a Binance executive, over bribery allegations, local news outlet Vanguard has learned. The suit, lodged at the Federal Capital Territory High Court in Abuja, claims that Gambaryan falsely linked Agbese to corruption schemes, per the report. Agbese denies the allegations and seeks a court declaration that the claims are defamatory. The lawsuit also demands a public apology, a ban on further claims, and…
OKX has officially entered the European markets by expanding its services to include 28 EEA regions after becoming the first exchanges to secure a MiCA license. The crypto exchange informed users that it has expanded its trading services across 28 European Economic Area member states, operating from its main hub located in Malta. The exchange estimated that more than 400 million Europeans will be able to access its MiCA-compliant crypto services. According to the announcement, OKX is now available in the following countries: Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia,…
The founder of investment firm SkyBridge Capital is predicting Bitcoin (BTC) will more than double in price over the next year. In a new interview on the Bankless podcast, hedge fund veteran Anthony Scaramucci says that Bitcoin demand will likely continue to increase, creating a supply crunch that sends the flagship crypto asset soaring. “There’s going to be a supply shock and so there’s no reason why this can’t trade to $200,000 over the next 12 months. You don’t have enough Bitcoin in the marketplace. So what happens? I need to own it. My board just told me I got…
Ethereum (ETH) has been attempting to breach key resistance levels, eyeing the $3,000 mark as the next significant target. The altcoin’s price has been steadily moving upward, with bullish sentiment gaining momentum as investors increase their participation. With growing investor interest, Ethereum’s upward movement toward $3,000 is becoming more likely. Ethereum Sees Massive ETF Inflows Ethereum’s spot exchange-traded funds (ETFs) have seen substantial inflows this month, with 145,000 ETH, valued at over $387 million, entering these funds. This marks a significant increase, with inflows already seven times higher than those observed in January. These inflows signal growing institutional and retail…
While numerous so-called ‘dino’ cryptocurrencies have begun to reawaken, the Bitcoin fork known as bitcoin gold (BTG) has experienced an astonishing rise of 140.31% within the last 24 hours. On Saturday, this digital asset oscillated between an intraday low of $9.30 and a high of $23.27. South Korea’s Upbit Drives Bitcoin Gold Mania Years ago, on Oct. 24, 2017, a collective of individuals bifurcated the Bitcoin software, birthing a new asset and blockchain christened Bitcoin Gold (BTG). The initial intent behind BTG was to foster greater decentralization, enabling proponents to mine the cryptocurrency using GPUs (graphics processing units). Nonetheless, the…
Nigeria is preparing to tax cryptocurrency transactions as part of broader efforts to boost government revenue, according to the country’s Securities and Exchange Commission. A bill outlining the tax framework is under review and is expected to pass this quarter, according to Bloomberg. The SEC plans to bring eligible crypto transactions on regulated exchanges into the formal tax system. The regulator acknowledged the “substantial amount of tax revenue that will accrue from cryptocurrency transactions” without providing specific figures. The move comes as Nigeria grapples with high inflation and a weakened naira, which has led many residents to turn to cryptocurrencies…
Robinhood will launch the crypto offerings to customers in Singapore via Bitstamp The retail investing firm acquired Bitstamp for $200 million in June 2024. Robinhood, a popular retail investing platform, has revealed plans that could see it expand its crypto product offering to Singapore before the end of 2025. In a report on Tuesday, Bloomberg said Robinhood Markets was eyeing the entry into Singapore via its recently acquired crypto platform Bitstamp. Robinhood’s expansion plans through its European-based digital-assets exchange will also include a foray across the Asia-Pacific region. According to Robinhood Crypto VP and general manager Johann Kerbrat, the company’s…