Author: NBTC
Ethereum price has imploded this year as it suffered a $244 billion wipeout, with its market cap crashing from $482 billion in November last year to $238 billion today. ETH has dropped below $2,000 and technicals suggest that it has more downside to run. So, why has ETH price plunged, and what next? Ethereum is no longer the most profitable player in crypto Third-party data by TokenTerminal shows that Ethereum is no longer the most profitable player in the crypto industry, a crown it held for years. The data shows that Ethereum has made just $215 million this year. While…
As bitcoin (BTC) looks to recover from its recent downturn, observers are looking to Wednesday’s Federal Reserve (Fed) rate decision to offer support, with some saying that an announcement to end the balance sheet runoff program, known as quantitative tightening, could be positive news for the market. The Fed will announce its rate review at 18:00 UTC, followed by Chairman Jerome Powell’s press conference half an hour later. The bank is unlikely to offer any surprises on the interest rate front, retaining the present range of 4.25% to 4.50%. Therefore, the focus will be on how policymakers plan to proceed…
Cryptocurrency analyst and trader Ali Martinez has revealed that over the past few days, cryptocurrency whales have been quite active, moving around Cardano’s native coin ADA in particular. Whales dump 70 million ADA as price surges Martinez published a chart provided by on-chain data company Santiment, showing that within four days between Feb. 9 to Feb. 13, they have transferred more than 70,000,000 ADA coins. Whales have moved over 70 million #Cardano $ADA in the past 96 hours! pic.twitter.com/iwSiwNlmMT — Ali (@ali_charts) February 13, 2025 According to that chart, it was likely a sell-off undertaken by wallets that hold between…
Binance Futures is set to launch multiple USDT-margined perpetual contracts in an effort to expand trading options and improve user experience. The new futures contracts will be offered with a maximum leverage of 25x. Binance Futures to Launch New 25x Leverage Perpetual Contracts Listing Schedule of New Contracts: March 20, 2025 – 17:00 → TUTUSDT perpetual contract (Maximum leverage 25x) March 20, 2025 – 17:15 → BIDUSDT perpetual contract (Maximum leverage 25x) March 21, 2025 – 17:00 → BROCCOLI714USDT perpetual contract (Maximum leverage 25x) March 21, 2025 – 17:15 → BROCCOLIF3BUSDT perpetual contract (Maximum leverage 25x) March 22, 2025 –…
Terminus, a popular Web3 PayFi platform, has announced an exclusive collaboration with LifeBank Chain, a leading blockchain-led healthcare entity. The partnership focuses on redefining the Web3-based digital economy as well s healthcare infrastructure within the Asia-Pacific region. The platform disclosed this endeavor on its official social media account. Terminus and LifeBank Chain Collaborate to Advance Web3 Healthcare Sector in APAC Zone According to Terminus, the partnership with LifeBank Chain is an important step in transforming the APAC-based healthcare infrastructure and digital economy. The collaboration leverages the blockchain technology and decentralized finance (DeFi) for this purpose. LifeBank Chain serves as a…
This article is part of a four-piece series on El Salvador. You can find the previous dispatch, a story on Bitcoin Berlín, here. Bitcoin City sounds like a modern El Dorado — a dreamlike enclave in the jungle, a 21st century utopia. Announced by El Salvador President Nayib Bukele in 2021, the metropolis will supposedly be raised at the base of the Conchagua volcano. Renderings of the project from May 2022 show a circular shape, like the Bitcoin logo, and a structure painted in gold. Visiting El Salvador this month, I was curious to see Bitcoin City for myself, or…
Ethereum’s transition from Proof of Work (PoW) to Proof of Stake (PoS) in 2022 was heralded as a major technological shift. It reduced the network’s energy consumption by over 99%. However, Meltem Demirors, General Partner at Crucible Capital and former CoinShares executive, argues that this transition was a costly mistake. Ethereum Missed A $1 Trillion Opportunity According to Demirors, Ethereum’s move to PoS has devalued the network by enabling the proliferation of Layer-2 (L2) solutions. She believes L2 scaling solutions dilute the core Ethereum ecosystem. In her opinion, Ethereum could have become a $1 trillion protocol had it remained on…
South Korea’s leading crypto exchange, Bithumb, is making big moves toward its long-awaited initial public offering (IPO). After years of legal battles, the company has finally cleared a major hurdle, bringing it one step closer to a stock market debut. A major roadblock for Bithumb was the legal case involving its former chairman, Lee Jung-hoon. According to local media reports, he was accused of fraud, which cast a shadow over the exchange’s IPO plans for years. However, South Korea’s Supreme Court has ruled in Lee’s favor, eliminating a key legal risk for the company. With this issue behind them, Bithumb…
The price of Binance Coin (BNB) recently saw some wild price action, rising 3.12% in one hour and then losing 6% in the next few hours. The reason behind such a wild price roller coaster is a huge teaser dropped by ex-Binance CEO Changpeng Zhao, or CZ as he is better known online. CZ is one of the most important figures on the crypto market, having been the main man behind the world’s largest exchange for almost a decade before being convicted by U.S. regulators for the black-and-yellow exchange’s illegal activities. Recently, Zhao, who is no longer the CEO of…
It was not long ago that XRP made its way onto the list of assets eligible for use as collateral in perpetual futures trading on Coinbase International Exchange. Now, Cardano (ADA) and Coinbase Wrapped Staked ETH (cbETH) have joined the lineup, marking yet another step in Coinbase’s ongoing expansion of supported cryptocurrencies within its derivatives trading ecosystem. For ADA, this development is particularly noteworthy. It is not just another cryptocurrency added to the mix; it is a token that, like XRP, has been at the center of regulatory scrutiny in the past. The SEC had taken issue with both, alleging…