Author: NBTC

The largest altcoin Ethereum (ETH) has risen to $ 2,800 with the rise it has experienced in the last 24 hours. While the market is expecting ETH to break and exceed the $ 3,000 level, the analysis company evaluated ETH’s recent rise. Accordingly, analytics firm Matrixport said that Ethereum’s recent rally was due to leverage and not fundamentals. In its latest analysis from the X account, Matrixport highlighted that Ethereum’s outflow was driven by the leveraged trading market rather than the spot market. Analysts stated that the ETH funding rate rose to 13.7%, the highest level since February, and that…

Luis Arce, the President of Bolivia, signed an executive order prohibiting the use of cryptoassets for energy purchases, aiming to curb speculation surrounding cryptocurrencies and stablecoins on exchanges like Binance. Bolivia Issues Executive Order to Ban Crypto From Energy Settlements Bolivia, a country that has recently shown several positive signs of integrating crypto into its payments and financial systems, has prohibited the use of crypto for settling energy-related purchases. This measure is part of a series of economic actions aimed at curbing speculation on cryptocurrency exchanges like Binance. Executive Order 5399, which bans YPFB, the state-owned oil company, from purchasing…

According to a breaking development, Trump will be launching his own privately-branded cryptocurrency wallet and trading app. Magic Eden (ME) created this wallet in collaboration with the TRUMP memecoin, according to the information on its website. To get early access to the wallet, you can sign up for a waiting list. A spokesperson for Magic Eden confirmed both the legitimacy of the site and its collaboration with Trump’s business partners. The site was first noticed by independent journalist Molly White. The most striking feature of the wallet is that it offers its users the chance to win prizes. According to…

Late last night, the House’s crypto market structure bill passed votes in two committees, prompting celebration on Capitol Hill and statements of confidence from lawmakers that the legislation—which would establish a novel framework for regulating most crypto activity in the United States—is on a glide path to becoming law.  But privately, in the last week, crypto’s top lobbyists have come to a very different conclusion: For a variety of reasons, the chances of market structure legislation passing this year have plunged to near-zero. “Anyone who disagrees is either delusional or stupid,” one top crypto lobbyist told Decrypt Wednesday.  How come?…

Binance’s BNB Chain became the leader for on-chain activity linked to distributed apps. The chain has moved ahead of Ethereum, getting a boost from a recent upgrade that further lowered fees. BNB Smart Chain is quickly turning into the venue for decentralized apps, stepping ahead of Ethereum in terms of dApp-based on-chain activity. Despite the dominance of Solana in the meme token narrative, BNB Smart Chain is carving its own share of the meme market, as well as curated incentives for Binance Wallet users and BNB holders. The Binance ecosystem is still attempting to revive its activity after two years…

Bitcoin remains in a confirmed long-term bullish trend with price consistently rising since March 2024. A daily close above $104.8K is required to confirm a short-term bullish momentum shift. Despite a 29.29% drop in trading volume, price action continues upward, indicating strong market trend. Bitcoin, the first and leading digital asset by market cap, has been in a bullish zone despite slight dips. During today’s Asian trading session, the cryptocurrency opened its market with an exchanging price value of $104, 566, which has seen a continued uptick to current market values. This market action has prompted market analysts to weigh…

Have you heard? Ethereum is dead. Or no…wait, it is pivoting. The price isn’t high enough. Other chains are gaining traction. Something must be done.  Ethereum is not dead. It is not pivoting. It’s doing just fine.  The constant chatter about Ethereum online seems to fulfill a need for drama that the network itself has failed to provide. Ethereum has been the world’s leading and largest programmable blockchain since its inception. As Ethereum approaches its 10th birthday, it remains the preferred destination for digital asset investors, banks, and start-ups in the crypto ecosystem. Perhaps the biggest source of friction in…

Big news from the world of institutional crypto! Amber International, the dedicated arm of Amber Group focusing on services for large financial players, has just announced some impressive figures. They’ve reported a record-breaking Q1 revenue, signaling strong performance in the first quarter of the year. What Led to Amber International’s Record Q1 Revenue? According to reports from JinSe Finance, Amber International posted a significant $14.9 million in revenue for the period ending March 31st. This figure represents a new high for the company’s quarterly performance, highlighting substantial growth compared to previous periods. The company points to a key strategic move…

Leading XRP community voices are pushing back against concerns that the Ripple stablecoin RLUSD will overshadow XRP’s utility. Instead, they argue that RLUSD will strengthen XRP’s role within the XRP Ledger (XRPL) ecosystem. XRP Still Dominates Pathfinding According to analysis shared by the “All Things XRP” account, XRP remains central to transaction routing on the XRPL due to its status as the native bridge asset. The network’s pathfinding algorithm automatically defaults to XRP when identifying the most efficient route for cross-currency payments. This gives XRP a unique advantage over any newly introduced asset, including RLUSD. XRP continues to offer faster…

Senate Democrats Elizabeth Warren and Richard Blumenthal want Meta to explain what its stablecoin plans are. In a letter sent to the social media giant on Wednesday, the lawmakers asked the company formerly known as Facebook to detail its stablecoin ambitions and pointed to previous reports about issues Meta has had with scams, “alleged anticompetitive conduct,” and privacy issues. Meta is considering using stablecoins for payments, Fortune reported last month. “If Meta controlled its own stablecoin, the company could further pry into consumers’ transactions and commercial activity,” the letter said. “The massive amounts of consumer data it would ingest could…