Author: NBTC
Ethereum’s attempt to surpass the $4K crucial mark failed, leading to a sharp rejection and raising concerns about sellers’ dominance in the market. Fear is mounting, with expectations of a potential sell-off in the coming days if key support levels fail to hold. Technical Analysis By Shayan The Daily Chart Ethereum recently experienced a spike, targeting the crucial $4K resistance. However, substantial selling pressure at the Fair Value Gap between $3.7K-$3.8K caused a firm rejection. It has left ETH approaching its previous swing low at $3.3K. A daily candle close below this level could signal further bearish momentum. Nevertheless, in…
The Federal Reserve is definitely pumping the brakes on rate cuts, and they’re blaming uncertainty surrounding President Donald Trump. Minutes from the Fed’s December meeting dropped today, showing us a room full of officials who are uneasy about inflation and scratching their heads over what Trump’s policies on trade and immigration might mean for the economy. His name wasn’t directly mentioned—because, of course—but his incoming administration’s moves are all over the discussion. The Fed has been walking a tightrope since inflation started throwing tantrums. While recent data shows some signs of cooling, it’s not enough to make anyone at the…
XRP price is back in action, recently after hitting $2 it surpassed USDT to become the third-largest cryptocurrency by market cap flipping Tether and Solana. This marks a major milestone, bringing XRP back to where it was before Ripple’s legal battle with the SEC. Fox Business journalist Eleanor Terrett recently highlighted XRP’s challenges, noting it was once the second-largest cryptocurrency before the SEC’s 2018 Hinman speech. The speech classified Bitcoin and Ethereum as non-securities, causing XRP to lose its position to Ethereum by November 2018 due to regulatory uncertainty. Documents from the Ripple case, known as the “Hinman emails,” revealed…
HashKey, a prominent digital asset trading company, has announced its collaboration with Asteroid, welcoming it as a security partner. The partnership aims to improve HashKey Chain’s security infrastructure and revolutionize real-world asset (RWA) tokenization. The platform disclosed this development on its official social media account. 🤝 Big news! @Asteroid_AU is now the official security partner of HashKeyChain!💫Asteroid X, revolutionizing mining and energy through RWA tokenization. Based in Western Australia, integrate blockchain technology with traditional finance to create a compliant, transparent, and… pic.twitter.com/48yTMV50Ns — HashKey HSK (@HashKeyHSK) January 8, 2025 HashKey Joins Forces with Asteroid to Advance RWA Tokenization and Seamless…
Justin Bons, founder and CIO of Cybercapital, a European cryptocurrency fund, alerted about the vulnerability of smaller parties in the case of a bitcoin bank run. A price drop event would trigger the hypothetical event, forcing miners to shut down their operations due to unprofitability and affecting network operativity. Cybercapital CIO Justin Bons Alerts About Bitcoin Bank Run and Its Possible Aftermath The rise of bitcoin as a possible reserve asset after the rumored adoption of bitcoin as part of a strategic stockpile, and the growing corporate adoption, has experts considering how a bitcoin bank run would develop. Justin Bons,…
Ethereum price failed to clear the $3,450 resistance and extended losses. ETH is struggling and might continue to move down if it stays below $3,500. Ethereum started a fresh decline from the $3,450 zone. The price is trading below $3,400 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to start a fresh increase above the $3,400 resistance level. Ethereum Price Extend Losses Ethereum price failed to start a recovery wave above the $3,500 level and extended…
Europe faces mounting pressure to secure its financial future as reliance on U.S. and Chinese payment giants grows, with China’s digital currency threatening dominance. Europe Risks Payment Dependence on China and U.S.—Digital Euro Is Key to Sovereignty A member of the executive board of Germany’s central bank, Burkhard Balz, highlighted the digital euro’s role in ensuring Europe’s financial autonomy in an interview with German newspaper Süddeutsche Zeitung last week. Balz described the initiative as crucial to ensuring Europe’s resilience in an increasingly digital and competitive global environment. Comparing the digital euro to book money, he explained that while it exists…
David Schwartz, chief technology officer at Ripple, has noted that XRP’s becoming the third-biggest cryptocurrency coincided with his officially reaching 12 years at the company. The XRP continued its blistering rally on Sunday, surging by more than 28%. The token has reached a new multi-year high of $2.48. The Ripple-affiliated cryptocurrency is now in third place by market capitalization, surpassing stablecoin giant Tether (USDT) and “Ethereum killer” Solana (SOL). It has managed to reclaim one of the top spots after coming close to dropping out of the top 10 following the SEC lawsuit against Ripple. Still, the controversial cryptocurrency has…
Sam Altman, the head honcho at OpenAI is facing serious allegations of sexual abuse. His sister, Annie Altman, has filed a lawsuit in the US District Court for the Eastern District of Missouri, accusing him of sexually abusing her during her childhood. The lawsuit alleges that the abuse began when Annie was three years old and continued until she was twelve. The suit claims that Sam Altman, who would have been between the ages of 12 and 21 during this period, subjected his sister to “several times a week” of sexual abuse, starting with oral sex and escalating to acts…
REI Network, a permissionless and decentralized multi-chain Web3 platform, has recently partnered with AlxBlock. The collaboration targets to reshape the AI and Web3 sectors’ future, developing innovative opportunities across diverse sectors. The platform revealed this partnership on its official social media account. REI Network & @AIxBlock are teaming up to reshape the future of Web3 and #AI. By combining REI’s zero-fee, high-performance blockchain with AIxBlock’s decentralized AI platform, we’re unlocking seamless access to powerful AI models and decentralized compute. 🤖Together, we’re… pic.twitter.com/FTFY8fN4PE — REI Network｜From #GXChain! (@GXChainGlobal) January 8, 2025 REI Network Collaborates with AlxBlock, Redefining AI and Web3 Realms…