Author: NBTC
Ethereum (ETH), the world’s second-largest cryptocurrency by market capitalization, is poised for a massive upside rally as it has formed bullish price action on the daily timeframe. Despite the recent decline in the cryptocurrency market over the past few days, the price action suggests that sentiment is ready to shift from a downtrend to an uptrend. Ethereum (ETH) Technical Analysis and Upcoming Level According to expert technical analysis, Ether has broken out of a bullish falling wedge pattern that it has been forming since November 2024. Following the breakout, sentiment appears to have completely shifted. Based on historical price momentum,…
Binance billionaire founder Changpeng Zhao (CZ) is making a bold return to the crypto space after serving a four-month prison sentence in the United States for legal violations. Today, Zhao’s newly founded venture capital firm YZi Labs announced its first major investment, a $16 million funding round in Sign, a platform focused on simplifying token distribution and on-chain identity verification. Zhao said the following regarding the issue in his shared message: “Proper distribution builds trust, and verification is a big part of that. As more people move on-chain, it becomes a critical part of this underlying infrastructure.” Sign specializes in…
Within just a day after its launch, Official Trump has become the talk of the town, with its price skyrocketing by triple digits. The asset has now received backing from two of the largest cryptocurrency exchanges amid its mindblowing rally and spectacular trading volumes. Binance, Coinbase Join the Pack It’s not every day that you see the release of a meme coin by a former and upcoming US president. But we do live in wild times, and that’s what happened on Friday evening when the president-elect, who will return to office on January 20, announced the launch of such a…
India’s cryptocurrency market has struggled under the weight of its harsh tax policies, raising concerns about the country’s position in the global digital economy. In 2022, the government imposed a 1% Tax Deducted at Source (TDS) on crypto transactions exceeding ₹10,000, alongside a 30% capital gains tax on crypto profits. Harsh Regulations or Smart Governance? The Divide in India’s Crypto Policy Officials framed these measures as necessary for regulation and financial oversight, but industry experts argue they have crippled trading activity, forcing many traders to exit the market. The impact was swift—crypto exchanges like WazirX and CoinSwitch Kuber saw trading…
GCEX, a regulated digital prime brokerage firm, announced today (Tuesday) its integration with Fireblocks’ enterprise platform, expanding its institutional cryptocurrency trading capabilities. The move comes as traditional financial institutions increasingly seek secure gateways into digital asset markets. The partnership enables GCEX’s institutional clients operating through its Danish and Dubai entities to leverage Fireblocks’ digital asset infrastructure, including its Policy Engine and compliance toolkit. Fireblocks’ Policy Engine is a governance and compliance tool designed specifically for institutional crypto operations, offering transaction control, multi-level authorization and pre-set risk parameters. Lars Holst, CEO and Founder, GCEX (Source: Dukascopy TV) “By integrating Fireblocks’ world-leading…
Perplexity AI may soon incorporate crypto into its platform, according to CEO Aravind Srinivas. In a Jan. 29 post on X, Srinivas confirmed that crypto integration is on the horizon but did not provide details on how it would be implemented or when users can expect the rollout. Instead, he only responded “soon” to a question asking him when the platform would integrate cryptocurrencies. Following his statement, speculation is growing within the crypto industry regarding how Perplexity AI could leverage blockchain technology. Some believe the company may introduce crypto payments for Perplexity Pro or integrate AI-powered tools that help users…
With just one week to go before Donald Trump’s inauguration, bitcoin has dipped below $90,000, suggesting that the momentum that propelled the currency to all-time highs in the immediate wake of his election win has stalled. Bitcoin’s price hit $89,800 at 14:36 GMT today while its 24-hour volume exceeded $50 billion, according to Coingecko. At publication time, it had regained a bit of ground and was trading near $92,000. The crypto’s price rallied after Trump was elected last November. It rose from $68,000 just before the election, to a new high of over $108,000 on December 17, representing an almost…
As Ethereum remains within a falling wedge pattern, it indicates potential for a bullish breakout. The current market sentiment displays conflicting signals through technical indicators but volume data acts as a decisive factor. ETH has the potential to reach $4,000 in case it breaks through resistance levels although failure at this point may maintain the current consolidation pattern. Ethereum (ETH) remains within a major falling wedge pattern, a technical structure often associated with potential bullish breakouts. The current price movement suggests that ETH is nearing a decisive moment, with analysts closely watching for a possible upward breakout that could push…
Donald Trump’s official memecoin has jumpstarted fresh speculative activity in the Solana ecosystem nearly overnight. Multiple large-cap tokens based on Solana surged higher Saturday, and the blockchain’s native SOL token set fresh highs above $275 as the incoming U.S. president backed a new Solana-based TRUMP token Friday night, calling it his “official” memecoin. The choice of Solana as an issuance network bumped demand and sentiment for SOL tokens, as CoinDesk reported Saturday. SOL trading volumes have rocketed from Thursday’s $3 billion to over $26 billion in the past 24 hours, with Saturday’s moves bringing weekly gains to over 46%. That’s…
Former Economic Secretary to the Treasury (EST) Tulip Siddiq reportedly didn’t meet a single crypto company on behalf of the new UK Labour government, according to unnamed industry insiders speaking with Sifted. Indeed, according to Sifted, Siddiq actually canceled meetings with crypto companies. Siddiq became the EST, otherwise known as City Minister, in July and helped introduce the UK’s 2026 crypto regulation roadmap as part of her role overseeing the financial services industry. However, she resigned this month following pressure in the wake of an anti-corruption investigation. According to the aforementioned insiders, her contribution to crypto regulation wasn’t enough and…