Author: NBTC
After rallying over 50% since early November, bitcoin (BTC), the leading cryptocurrency by market value, looks to be carving out a pattern. If completed, this could see prices revisit the mid-$70Ks. BTC’s price action since late November has evolved into what technical analysts call a “head and shoulders” (H&S) pattern, which foreshadows a bullish-to-bearish trend change. The first failed attempt to scale the $100,000 mark in November marked the first shoulder. That was followed by the head, marking a swift retreat to $92,000 from the record high of over $108,000 in the second half of December. Meanwhile, the 5% drop…
Ethereum’s Pectra upgrade is set to go live on the Holesky and Sepolia testnets in February and March, according to the latest announcement from core developers. On Feb. 6, Ethereum (ETH) core developers confirmed that the Pectra upgrade will launch on the Ethereum test networks Holesky on February 24, 2025, and Sepolia on March 5, 2025. If all goes well, the highly anticipated network update will go live on the mainnet in April. Earlier timelines had the mainnet in March Tim Beiko, an Ethereum core developer and Ethereum Foundation support lead, shared the timeline details on X. According to him,…
With its latest approval from Hong Kong’s SFC, HashKey Capital can offer crypto investment strategies to professional investors. HashKey Capital has received approval from Hong Kong‘s Securities and Futures Commission to offer discretionary account management for cryptocurrencies under the existing type 9 license, the firm revealed in a Wednesday blog announcement. The approval means HashKey Capital can now manage investment products like spot crypto, derivatives, and even over-the-counter trades for wealthy clients. Vivien Wong, Partner at Liquid Funds, says investors have “historically been cautious about entering the virtual asset space due to the associated risks.” “With our discretionary account management…
Flamingo is hosting an upcoming Testnet Trading Competition, designed to facilitate testing of its new block-based, on-chain OrderBook+ on Neo N3. The competition runs from Jan. 13 at 2:00 p.m. (UTC) to Jan. 27 at 2:00 p.m. (UTC), offering participants the chance to win a share of a 200 GAS reward pool, valued at over US $1,000 at the time of writing. Competition Overview The event is aimed at stress-testing the OrderBook+ protocol by encouraging increased trading volumes and identifying potential bugs before its MainNet launch. The goal for participants is to accumulate the most competition TestNet USDT by the…
The parents of deceased OpenAI whistleblower Suchir Balaji have sued the city of San Francisco and the San Francisco Police Department, alleging that the real cause of his death was not suicide, but murder. The lawsuit, filed in January, alleges that the SFPD covered up the crime, ruling it a suicide without conducting a thorough investigation. Balaji, who had worked as a researcher at OpenAI, was found dead in his San Francisco apartment last November. Attorneys say Balaji’s parents, Poornima Ramarao and Balaji Ramamurthy, requested further investigation into his death but were told the case was already closed. “The lawsuit…
After weeks of quiet, Bitcoin has once again smashed the $100,000 mark. With $1.54 billion in $120,000 call options and Trump-era crypto speculation, is the stage set for a massive rally? Table of Contents BTC breaches $100,000, again What Trump’s inauguration could mean for crypto Macroeconomic winds: what this means for Bitcoin Crypto industry’s rising hopes Where could Bitcoin go next? BTC breaches $100,000, again Bitcoin (BTC) has been stealing the spotlight once again. After weeks of playing it safe in the $92,000 to $98,000 range, BTC has surged past the $100,000 mark, trading at $101,700 as of Jan. 7,…
Tesla & Bitcoin: Financial Powerhouses Tesla, valued at $1.2 trillion, has seen a significant rise in its stock price, particularly following the 2024 U.S. presidential election. The company’s Bitcoin holdings, currently 9,720 coins, are worth around $949 million. Tesla’s digital assets were valued at $184 million at the end of 2022, but that figure surged to $1.08 billion after the latest earnings report. This dramatic increase is partly due to a change in accounting rules, which contributed to a $600 million gain on the company’s Bitcoin investments. SpaceX & Starlink: Shaping Space Tech Musk’s private space company SpaceX now holds…
The popular DeFi blockchain firm, Hyperliquid, has announced that HYPE stakers will receive airdrops during the ANIME TGE. Other communities, including those of KAITO and Arbitrum, are also eligible for ANIME airdrops. Supported by Azuki, ANIME is a token designed to empower the open anime world, and plans to deploy it on the Ethereum mainnet and Arbitrum. ANIME Airdrops: The ticker is $ANIME. January 2025. Details below. pic.twitter.com/lccpWXg8hO — ANIME (@animecoin) January 13, 2025 Anime shared the news on X, declaring, “We’re excited to welcome the Hyperliquid community (HYPE stakers), Kaito yappers, Arbitrum communities, and anime enthusiasts to the open…
Nineteen states, led by Democratic attorneys general from New York, California, and others, just declared war on President Donald Trump and his Treasury Secretary Scott Bessent. On Friday, they filed a lawsuit in a New York federal court, accusing the administration of illegally giving Elon Musk’s Department of Government Efficiency (D.O.G.E) access to highly sensitive personal data and financial systems managed by the US Treasury. This lawsuit is of course the result of Trump’s executive order creating D.O.G.E, a temporary unit designed to cut wasteful spending and modernize government tech. What sounds simple on paper has turned into legal chaos…
While Bitcoin (BTC) again steps outside a $100K boundary, crypto analyst Jacob King speculated that the cryptocurrency could face devastation and fall below $30,000 in 2025. According to the crypto analyst, BTC is repeating its 8-year resistance pattern, a trendline that triggered massive crashes in the cryptocurrency’s price. “Expect a big crash, History’s repeating!”, he writes in the post. However, some X users countered his claim, calling it a “loser mentality”. #Bitcoin is repeating its 8-year resistance pattern. Every rejection at this trendline has led to massive crashes. Expect a big crash, History’s repeating! My 2025 #BTC targets are below…