Author: NBTC
As the majority of assets in the cryptocurrency sector open the new week trading in the red, Bitcoin (BTC) is leading the trend, with flagship decentralized finance (DeFi) asset back in the $62,000 zone weeks after hitting a new all-time high (ATH) at $73,738, leaving investors to wonder about its near-term future. Specifically, Bitcoin is down 15.26% from its ATH, which it reached on March 14 this year, and the upcoming month of May, which is traditionally a challenging month for the crypto sector, could spell more trouble for its largest asset by market capitalization. BTC price prediction Indeed, crypto…
Ripple CTO David Schwartz and Cardano founder Charles Hoskinson express dissenting views over the controversial ETH Gate theory. In what can be described as a clash of two crypto heavyweights, the Ripple CTO and Cardano founder were recently at loggerheads over “ETH Gate,” one of the industry’s most controversial topics. ETH Gate Debates Resurfaces Debates surrounding the ETH Gate theory resurfaced over the weekend during an X Spaces featuring Hoskinson. Per Hoskinson, there are two narratives surrounding the controversial ETH Gate theory. The first narrative suggests that Ethereum officials established connections with internal SEC staff to give ETH favorable regulations…
USDT stablecoin provider Tether passed the SOC2 audit, demonstrating its ability to secure customer data with strict measures. The System Organization Control (SOC) 2 Audit Type 1 assesses a firm’s ability to manage customer data based on five crucial trust service principles: security, availability, processing integrity, confidentiality, and privacy. The audit also ensures Tether maintains a reliable network that efficiently resolves issues, processes data accurately and timely, limits data access to authorized individuals, and responsibly manages personal information. Tether Announces Completion of System Organization Control (SOC) 2 Type 1 Audithttps://t.co/jIbrdx30wh — Tether (@Tether_to) April 1, 2024 You might also like:…
According to the 100eyes Crypto Scanner account, there is a bearish divergence on the hourly Ethereum chart. A bearish divergence occurs when a certain cryptocurrency records higher highs on the price chart while simultaneously recording lower lows on the relative Strength Index (RSI) momentum oscillator. 🚨 Crypto alert:[#ETH-#USDT] RSI Bearish Divergence (1h) pic.twitter.com/N3Saa1s1qs — 100eyes Crypto Scanner 🌐 (@100eyesCrypto) April 28, 2024 The RSI, which oscillates between 0 and 100, shows whether or not a certain asset is overbought or oversold. If the price moves in the opposite directions of the oscillator, traders can spot divergence, which comes in two…
Tech centibillionaire, owner of Twitter/X platform and several other innovative tech companies Elon Musk has shown signs of interest in Cardano and its native coin, ADA, recently, according to a tweet by a major ADA-focused X account. User @CardanoFeed published a screenshot showing that Elon Musk now follows his ADA news handle. “Welcome aboard!” he tweeted, tagging Elon Musk. 🔥 Oh my god!!! Welcome aboard #Cardano @elonmusk pic.twitter.com/12k84eGZme — Cardano Feed ($ADA) (@CardanoFeed) April 1, 2024 This comes as a surprising turn, considering the fact that Musk is a firm supporter of Dogecoin and also often talks about BTC. In…
The digital asset community on social media platform X was buzzing with some crypto enthusiasts calling for the delisting of Ethereum (ETH) from major exchanges like Binance.US, Crypto.com, Bittrex, and Bitstamp. After the United States Securities and Exchange Commission (SEC) sued Ripple over XRP offerings in 2020, multiple exchanges delisted the digital asset to comply with the regulator’s wishes. Meanwhile, Ripple has been continuously pushing back, securing a partial victory in 2023. As pointed out in an X post by “Digital Asset Investor,” Binance US, Crypto.com, Bittrex, B2C2, OKCoin, Genesis, Coinbase, Swipe Wallet, Ziglu, and Bitstamp delisted XRP in 2020…
In an unexpected flurry of activity, over $158 million worth of Solana (SOL) was transferred to Coinbase, one of the most popular cryptocurrency exchanges. The crypto community was alerted to this significant event by Whale Alert, a well-known service that tracks large cryptocurrency transactions. Through a series of tweets, Whale Alert detailed the transfer of large amounts of SOL from unidentified wallets to Coinbase. The transactions took place in quick succession, with the first involving 201,629 SOL, valued at approximately $39.6 million. This was immediately followed by a second transfer of 201,629 SOL, valued at $39.6 million. The third transaction…
As the crypto market continues to navigate its intricate patterns, the rivalry between Ethereum (ETH) and Bitcoin (BTC) remains a focal point for traders and investors alike. Recent analysis suggests a power struggle between Ethereum and Bitcoin in the coming month. Can ETH regain its bullish price action against BTC in May? Analyzing ETH/BTC: Traders’ Insights on Crypto Price Trends Ethereum recently reclaimed a critical trading range, suggesting strong support at approximately 0.049 in its pairing with Bitcoin (ETH/BTC). This recovery is pivotal as it indicates Ethereum’s resilience and potential for upward movement if it maintains above this threshold. Crypto…
CORE DAO’s token, CORE, sees a 67% surge reaching $2.75. Several institutional investment funds have shown interest in CORE. Technical indicators signal a bullish trend for CORE, despite the high RSI suggesting potential overvaluation. The price of Core DAO’s native token, CORE, has experienced a staggering surge of over 200% within a week, capturing the attention of cryptocurrency investors. This surge prompts an investigation into the factors fueling CORE’s rapid growth and its implications for the broader cryptocurrency industry. CORE price performance CORE DAO operates as an L1 blockchain supporting Ethereum Virtual Machine (EVM), enabling the execution of Ethereum smart…
X/Twitter user “DogecoinDesigner,” who seems to be part of the DOGE and perhaps the X team, has published a reminder of an important milestone for the Dogecoin army. They tweeted that a year ago, around Easter time, Twitter changed its logo from the iconic blue bird to a Dogecoin mascot. The DOGE price soared as the community expected things to stay that way permanently and DOGE to be used for internal payments. However, the blue bird was back in its usual place approximately a week later. This was way before the social media platform got itself the black-and-white X logo.…