Author: NBTC
Ethereum (ETH) has been trying to break the shackles and claim the next highs. However, the overall sentiment appears to be too negative at this point in time. Not only is the ETH price facing rejections from the next levels, it is also not getting the required support from crypto whales. Multiple Ethereum whales have recently been spotted selling their ETH holdings. It is a shocking situation because the broader sentiment on the crypto market is still on the bullish side. Bitcoin (BTC), the leading coin on the market, is holding well above the $64,000 price level. Some altcoins are…
According to breaking news, the Brazilian Securities and Exchange Commission (CVM) has approved the world’s first Solana Spot ETF. This new investment product, offered by QR Asset Management and distributed by Vortx, will be traded on the Brazilian Stock Exchange B3. Currently, 21Shares Solana ETP (ASOL) is listed in Switzerland on the SIX Swiss Exchange; CoinShares Physical Solana; Only Solana ETPs are traded globally, as are ETC Group Physical Solana and ETC Group Physical Solana, both of which are listed on the German exchange Deutsche Börse Xetra. The fund is currently in a pre-operational stage. During this phase, the ETF…
Strategy card battler Shardbound—which is built on Ethereum layer-2 scaling network Immutable zkEVM—will enter open beta on Steam and the Epic Games Store on October 9, Immutable Games announced Wednesday. This open beta period will run for an undefined period of time as the developers look to rapidly improve the game and “handcraft” its Web3 strategy before a full-fledged release. Shardbound is touted as Hearthstone meets Fire Emblem, blending elements of deck-building and card-collecting games with turn-based battlefield fighting, all while sprinkling in role-playing elements along the way. Each match can be won in a different way; players can craft…
The Bank of Russia is planning to investigate cross-border crypto transfers by residents, focusing on banking channels to assess the volume of crypto-related operations. Russia‘s central bank will conduct an investigation into cross-border crypto transactions by residents in Q4 and Q1 2025, according to its latest oversight program in a bid to identify and quantify operations involving the purchase and sale of cryptocurrencies. The investigation will focus on key factors such as transaction forms, transfer directions, counterparties, and the banks facilitating these transfers, the central bank said in a statement. The study will include major financial institutions like Raiffeisenbank, Citibank,…
Martin Hiesboeck, the lead researcher at the American exchange Uphold, argues that Bitcoin appears to be set for a surge close to the $70K level. Bitcoin started the week on a strong note, nearly touching $65,000 after a quiet weekend. Despite facing resistance, the crypto briefly dipped over $2,000 before regaining momentum. Over the past 12 hours, Bitcoin surged near $64,800, though it continues to struggle against the $65,000 resistance. Currently trading below $64,000, the market remains volatile as bulls attempt to push higher. Further Upside Potential? Amid this ongoing trend, industry leaders remain optimistic about Bitcoin’s future trajectory. Experts,…
Ethereum, the second largest cryptocurrency by market capitalization, has seen a massive surge in large transaction volume indicative of whale activity. According to IntoTheBlock data, Ethereum’s large transaction volume amounted to $5.69 billion, an increase of 230.12% in the last 24 hours. Large transactions are those above $100,000, and a surge in these kinds of transactions might signal increased whale activity, either buying or selling. The broader crypto market has recently drawn favorable sentiment, and Ethereum is no exception. According to the most recent CoinShares report, digital asset investment products saw $1.2 billion in inflows for the third week in…
The decision, which marks the end of the historic case between Ripple and the SEC in the absence of an appeal, was announced by Judge Torres. In the decision where Ripple was fined $125 million, XRP trading on exchanges was deemed legal. Since the SEC’s penalty request was $2 billion, the $125 million penalty was welcomed by the cryptocurrency market. There was an approximately 25% increase in the XRP price after the decision. The coin, which was traded at $ 0.50 before the decision, is at $ 0.63 at the time of writing this article. Graph showing the movement of…
Tap-to-earn cryptocurrencies like DOGS, Hamster Kombat, and Catizen have had an underwhelming performance after their airdrops. Hamster has already plunged by over 50% from its highest level last week, while DOGS and Catizen have done much worse. The same is true among other top tokens in the industry, including Notcoin, AveCoin, and Pixelverse. Now, traders are turning to Dogizen, one of the fastest-growing players in the Telegram tap-to-earn industry. Most tap-to-earn tokens have flopped Tap-to-earn has become one of the fastest-growing industries in the blockchain industry. For example, Hamster Kombat has moved from nothing into a vibrant ecosystem with over…
In the prop trading industry, Forex (FX) has undeniably been the dominant market, as it’s where retail investors most frequently want to trade. While cryptocurrencies occasionally appear in offerings, they’re typically part of separate firms. Hydra Funding aims to change this, claiming to be the first to offer accounts that allow trading in both FX and digital assets. Earlier this week, Hydra Funding announced the introduction of a new type of trading account. From now on, clients of this prop trading company will be able to trade both traditional currency pairs and over 30 cryptocurrency pairs. For the two most…
Have you ever wondered what you would ask MicroStrategy’s CEO if you were to meet him in an elevator? In a recent social media post, the business mogul made it clear that he would want you to ask him about buying even more Bitcoin. How do we buy more #bitcoin? — Michael Saylor⚡️ (@saylor) September 25, 2024 As reported by U.Today, Saylor announced MicroStrategy’s latest Bitcoin purchase of more than $458 million on Sept. 20. The company’s holdings currently stand at more than a quarter million coins. MicroStrategy has now spent nearly $10 billion on its Bitcoin purchases. The company…