Author: NBTC
Ethereum price is showing positive signs above the $2,620 zone. ETH is outshining Bitcoin and might start another increase in the near term. Ethereum is still showing positive signs above the $2,600 zone. The price is trading above $2,650 and the 100-hourly Simple Moving Average. There is a key contracting triangle forming with resistance at $2,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,700 and $2,725. Ethereum Price Remains Supported Ethereum price attempted a fresh increase above the $2,750 level, beating Bitcoin. ETH broke the…
Senate Judiciary Chair Chuck Grassley admitted on Tuesday that Congress is powerless to stop Elon Musk’s sweeping government cuts. “Congress can’t do anything except complain,” Grassley said on a press call, according to a report from RadioIowa. Grassley also pointed out that Elon’s Department of Government Efficiency (D.O.G.E) has the full backing of President Donald Trump. The mass firings across federal agencies, which have already gutted regulatory bodies and watchdog organizations, are an executive branch decision, Grassley explained. “The Constitution says all executive power of the federal government shall be vested … in the office of the presidency.” Trump and…
Coinbase said on Tuesday that its derivatives exchange now offers futures contracts for Solana (SOL) and Hedera (HBAR), expanding its suite of products to cover more cryptocurrencies with pending applications for spot ETFs in the U.S. Regulated by the CFTC, Coinbase said in a blog post that the exchange’s derivatives arm now offers futures contracts for 19 total assets, including Dogecoin, Litecoin and gold, among other altcoins. Solana, Hedera, Dogecoin, and Litecoin are part of an emerging race by crypto and more traditional financial services firms to address soaring demand for crypto-focused investment products. In recent weeks, these companies have…
As 2024 comes to a close, Bitcoin appears to have been by far one of the top-performing asset classes in the year. This was driven by the launch of new exchange-traded funds, which spurred broader adoption and optimism. Now, the question is whether the momentum will extend to crypto trading platforms like Coinbase and Robinhood. Coinbase and Robinhood Ride the Bitcoin Wave Bitcoin has more than doubled in value since the beginning of 2024, when it traded at around $40,000, and is now trading close to $94,000. Clearly, cryptocurrencies remained as volatile as ever throughout the year, with dramatic fluctuations.…
According to recent data from CryptoQuant, Ethereum (ETH) reserves on centralized cryptocurrency exchanges have dropped to a nine-year low. Experts suggest that this dwindling ETH supply could indicate an impending ‘supply shock,’ potentially fuelling a significant rally in the cryptocurrency. Ethereum Reserves At 9-Year Low Ethereum, the second-largest cryptocurrency by market cap, continues to trade within the mid-$2,000 range, sitting at $2,721 at the time of writing. Unlike Bitcoin (BTC), ETH has had a relatively quiet 2024, struggling to break past its all-time high (ATH) of $4,878, recorded in November 2021. This lackluster price action has contributed to waning investor…
It’s widely accepted that the United States holds approximately 147.3 million ounces of gold at Fort Knox. However, Elon Musk and others have decided to publicly question this fact. Daniel Ivandjiiski, the blogger behind ZeroHedge, has taken to X to make the claim that the last time someone saw the gold was way back in 1974. Musk, who’s now a special government employee, responded to this claim, demonstrating his surprise that it’s not checked more frequently. He then posted a meme that implied the gold at Fort Knox was gone. Unfortunately for the credulous Musk, Ivandjiiski is lying. Images released…
In the last 24 hours, RENDER crypto has shown impressive growth. It noted a 13% price increase and a 60% rise in token usage. Backed by major partnerships with platforms like Dropbox and Blender, and cutting-edge tech like Maxon Redshift and AI, RENDER crypto is on track for significant growth. Massive Partnerships Fuel Growth For RENDER Crypto RENDER has managed to take big leaps forward in building good, solid partnerships. They are helping it gain traction and generate demand for the token. It also counts alliances with Dropbox, which has over 700 million users and Blender a platform with over…
A federal court has outlined just how extensive Sam Bankman-Fried’s assets were before the young CEO of FTX was tried and imprisoned for fraud, and the government swooped in to seize roughly $1 billion in financial assets and two aircraft. The final order of forfeiture issued on Tuesday by the U.S. District Court for the Southern District of New York formally severed Bankman-Fried’s ownership stake in a property list dozens of pages long. The court document revealed the wide swath of assets the one-time billionaire claimed ownership in, including extensive crypto holdings of Alameda Research, the trading firm SBF co-founded.…
Former Binance CEO Changpeng ‘CZ’ Zhao believes that crypto wallets should be the primary interface for everyday blockchain usage, while exchanges should mostly serve professional traders and liquidity providers. CZ expressed this in a recent X (formerly Twitter) discussion with Trust Wallet CEO Eowyn Chen. CZ Thinks Crypto Wallets and Exchanges Have Very District Use Cases Although no longer a boss, CZ lives a pretty busy life every day, as he revealed in this latest discussion. The former Binance CEO is now committed to looking for new investment opportunities with YZI Labs (previously Binance Labs). He’s also actively contributing to…
Investor Luke Gromen believes that the winds are shifting in the US, creating conditions that could boost Bitcoin (BTC) to price levels never seen before. In a new interview on the Julia La Roche Show, the macro guru says he has “very high conviction” that policymakers in the US will weaken the dollar this year in an effort to rebuild the country’s defense industrial base. Last month, Gromen said that the US realized it was facing a national security crisis after being defeated by Russia in Ukraine. The investor noted the Department of Defense is now willing to debase the…