Author: NBTC

Bullish momentum in crypto is strong and thriving as Bitcoin hovers around $100K. BTC is not the sole beneficiary of greens, though, as the total cryptocurrency market cap has hit record highs, drawing attention from retail and institutional players alike. Amid this traction, web3 startups pulled in $2 billion in Q3 2024, with Crunchbase data showing over 300 deals closed. Although Funding is up, the deal counts are falling. It’s the lowest since Q2 2020. This marks two straight quarters of decline. While some may find this downturn disappointing, this investor behavior suggests that investors are being picky about which…

Ukrainian authorities have blocked access to Kuna, the country’s first crypto exchange, operational since 2014. Kuna, Ukraine’s oldest crypto exchange, shut down just days after authorities quietly blocked access to its platform without offering any explanation. The news came from Kuna’s founder and CEO, Michael Chobanian, who said in Telegram posts that he wasn’t informed by authorities and only found out about the ban when users started reporting the issue. The restriction follows an order issued by Ukraine’s State Service of Special Communications and Information Protection. The order directs Ukrainian’s internet service providers to block access to Kuna’s domain as…

Bitcoin price is consolidating losses below the $95,500 zone. BTC is showing bearish signs and might struggle to recover above the $95,800 level. Bitcoin started a recovery wave from the $91,150 zone. The price is trading below $94,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $93,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $92,500 support zone. Bitcoin Price Struggles Below $95K Bitcoin price started a short-term recovery wave above the $92,000…

A whale dumped 10.97 million ONDO tokens for $13.58 million USDC, leading to a 20.7% loss in just 38 days. This abrupt sell-off comes ahead of a significant token unlock scheduled for January 18. Source: X The upcoming event will see the release of 1.94 million ONDO tokens, which is 14.21% of its circulating supply. Despite growing concerns about potential volatility, analysts suggest the market remains strong, and ONDO maintains key technical levels. Unlock events usually raise concerns about market fluctuations due to sudden increases in supply. However, some investors see this as an opportunity. One such notable trader highlighted…

Kraken will delist Tether (USDT) and four other stablecoins in the European Economic Area (EEA) as the crypto exchange prepares for upcoming regulatory changes under the Markets in Crypto-Assets (MiCA) regulation. The delisting will occur in phases, concluding with automatic conversion of remaining holdings by March 31, 2025. In addition to USDT, other affected stablecoins are PayPal USD (PYUSD), Euro Tether (EURT), TrueUSD (TUSD), and TerraUSD (USDT). The delisting process will begin on February 13, 2025, when margin pairs involving these assets will be set to “reduce-only” for EEA clients. By February 27, spot trading will be restricted to “sell-only”…

Bitcoin’s rise of over 45% in the aftermath of the November 5 presidential election had already lost steam. Analysts anticipate more turbulence ahead as President-elect Trump’s proposed tariff plans and robust employment figures drive bond yields higher, strengthening the dollar and putting pressure on digital assets. “Bitcoin’s problem at the moment is the strong dollar,” Zach Pandl, head of research at Grayscale Investments, told CNBC, noting that the Fed’s recent signal helped in part strengthen the dollar. Bitcoin was off to a strong start this week, reclaiming $102,000 on Monday, CoinGecko data shows. However, the rally was short-lived; the flagship…

Pudgy Penguins partners with LINE FRIENDS to expand its brand presence in Asia, integrating Minini characters into their NFT ecosystem. Pudgy Penguins launches its Layer-2 network, Abstract, but struggles to gain traction despite offering incentives to attract new users. Known for its cute penguin characters, NFT project Pudgy Penguins recently revealed a partnership with LINE FRIENDS, one of the largest IPs in South Korea and Asia. This cooperation integrates the Minini character from LINE FRIENDS into the Pudgy Penguins ecosystem, so creating a great chance to reach an Asian community at large. Pudgy Penguins is making big moves as a…

A ripple in the Ripple ecosystem caught attention this week as Ripple USD (RLUSD) temporarily broke its 1:1 peg with the U.S. dollar. The stablecoin, designed to maintain a consistent value, experienced an unexpected surge, briefly trading at $1.04 – a 4% increase that raised eyebrows across the XRP community. The event did not go unnoticed, even if it was short-lived. Ripple’s Chief Technology Officer David Schwartz, explained that this was because of the dynamics of the XRP/RLUSD market. He said that this unusual event probably happened because of a thin market structure, where a sudden increase in XRP’s price…

MyTonWallet, a self-custodial wallet for The Open Network blockchain, has released version 3.3. The update includes a clearer fee display, an upgraded Explore section, improved navigation, support for Telegram gifts, and a new crypto payment tool called MyTonWallet Pay, according to a note shared with crypto.news. One key enhancement is improved fee transparency. Users can now see a detailed breakdown of transaction costs, including separate exchange rates and swap fees. This update aims to eliminate confusion around blockchain commissions, which can often be difficult to understand. 💎 We’re introducing MyTonWallet v3.3 with Refined Fees, Explore 2.0, Handy Navigation and much…

Bitcoin’s $90,727 support is under pressure; repeated tests raise risks of a breakdown toward $77,500. Key resistance levels at $102,688 and $106,400 block Bitcoin’s rally, reflecting strong selling pressure and market uncertainty. The 21-day EMA signals mixed momentum; Bitcoin’s struggle to stay above it points to indecision and short-term volatility. Bitcoin’s price faces mounting pressure as it hovers near the $90,727 support zone, a level tested five times recently. The cryptocurrency currently trades at $94,156, down 0.58% in the latest session. Despite buyer confidence in this key support, the growing frequency of tests signals increased risks of a breakdown. Traders…