Author: NBTC
Bitcoin (BTC) extended its rally late Sunday, trading just below $104,000, buoyed by macroeconomic optimism and rising institutional demand. The world’s largest cryptocurrency is currently within striking distance of a new all-time high, with analysts calling a new record high plausible in the short term. Bitcoin traded at $103,926, down a marginal 0.12% over the past 24 hours, after briefly climbing above $105,000 earlier in the day. The cryptocurrency is currently only 4.5% below its previous all-time high of $108,786, reached in January. “Bitcoin is trading near all-time highs, supported by strong technical momentum that has it trading above its…
Ethereum price extended its increase above the $2,720 zone. ETH is now correcting gains and might revisit the $2,500 support zone. Ethereum started a fresh increase and cleared the $2,720 resistance. The price is trading above $2,520 and the 100-hourly Simple Moving Average. There is a short-term declining channel or a possible bullish flag forming with resistance at $2,630 on the hourly chart of ETH/USD (data feed via Kraken). The pair could find bids near $2,500 and start a fresh increase in the near term. Ethereum Price Dips Again Ethereum price remained supported and started a fresh increase above $2,620,…
Chainlink is rolling out a new community rewards program to incentivize participation in its ecosystem, starting with a token distribution from decentralized data platform Space and Time (SXT). The program, called Chainlink Rewards, allows those projects based on the network to reward eligible Chainlink node operators and community members who help secure the network. Founded in 2022, Space and Time is a decentralized data network that uses zero-knowledge proofs to verify database queries and deliver them to smart contracts. Space and Time has made 4% of their total SXT token supply (200 million) available to Chainlink ecosystem participants, including LINK…
A House of Lords member, Lord McNicol, has apologized through a letter addressed to the chair of the Lords conduct committee, Lord Kakkar, for breaking the rules of the House by promoting a crypto firm, Astra Protocol, to the Treasury. Iain McNicol, a former general secretary of the Labour Party, has been found to have breached the rules of the House of Lords by accepting payments to promote a crypto firm, Astra Protocol, in June 2023. Labour peer McNicol apologizes Lord Iain McNicol, a Labour peer and the former party general secretary, has issued an “unreserved apology” after it was…
Mastercard has inked another partnership with a crypto company to provide stablecoin-powered cards, enabling users and businesses to make and receive payments in stablecoins worldwide. Working with MoonPay, the rollout will rely on infrastructure from Iron, a stablecoin payment firm acquired by MoonPay in March. Transactions will be automatically converted into fiat. Stablecoins have become popular tools in crypto trading and payments for their price stability, as each is pegged to a fiat currency such as the U.S. dollar. But regulatory clarity remains elusive in many jurisdictions. The U.S. Securities and Exchange Commission issued guidance last month indicating some stablecoins…
Binance CEO Richard Teng has shared his view on Bitcoin’s place in the market, saying it continues to stand out as the main cryptocurrency and a reliable store of value, especially during uncertain global economic times. With more institutional investors entering the space, Teng sees Bitcoin (BTC) becoming a more important part of diversified portfolios, as a hedge and digital alternative to gold in particular. His comments come at a time when Bitcoin’s price has been showing clear signs of recovery. Looking at the price chart, Bitcoin spent the early days of May in a bit of a downtrend, with…
Ethereum price today: $2,600 The Ethereum Foundation launched the Trillion Dollar Security effort to scale Ethereum’s security for global adoption. Ethereum Foundation executives and key ecosystem participants will spearhead the initiative. ETH eyes a recovery above the $2,850 key level but faces resistance at the 50-week SMA. Ethereum (ETH) is down 2% on Wednesday despite the Ethereum Foundation’s (EF) latest security initiative to onboard billions of users and institutions who can store trillions of dollars on its network. Ethereum Foundation lays out plan for global adoption The Ethereum Foundation announced the “Trillion Dollar Security Initiative,” an effort to boost Ethereum’s…
With several impressive milestones, the TRON network continues to assert its dominance in the stablecoin payment sector. Recently, the amount of USDT (Tether) circulating on TRON reached a new all-time high. Meanwhile, the number of long-term holders on TRON has exceeded 2.66 million addresses. This reflects retail investors’ strong confidence and long-term commitment to this layer-1 blockchain. Can USDT Supply on TRON Surpass Ethereum? Data from CryptoQuant shows that the USDT supply of TRON has grown steadily over recent years. Currently, the market cap of USDT on TRON has hit a record high, with over $71 billion USDT in circulation.…
There is a discussion going on among crypto enthusiasts, with the topic being that someone is adamant about tanking the stablecoin legislation. The main suggested culprits are regional US banks, and Ripple’s CTO David Schwartz seems to agree, saying: “That’s what I’m hearing.” Banks’ Fear of Disintermediation Cited as Key Motive Fear has been cited as the main reason why this may be true. Banks fear stablecoins could disintermediate their market share, with critics like Senator Elizabeth Warren proposing amendments to block tech firms from issuing stablecoins. This just highlights tensions between traditional finance and crypto innovation. The notion isn’t…
Binance has announced that Nexpace (NXPC), the native token of MapleStory Universe’s Henesys L1 mainnet, will be integrated into multiple services on its platform, including Simple Earn, Buy Crypto, Convert, and Margin. Binance Expands Nexpace (NXPC) Support for Earn, Buy Crypto, Convert and Margin Products This expansion marks a significant step forward in Binance’s support for NXPC, offering users greater flexibility in how they earn, trade, and use the token. Simple Earn Integration NXPC will be available on Binance Simple Earn as a flexible product starting May 15 at 10:30 AM, allowing users to subscribe and earn daily rewards while…