Author: NBTC
Bitcoin’s price (BTC) is making significant gains on Tuesday, January 14, 2025, adding over $2,000 to its value. However, Monday saw the market shaken, with the price briefly dropping to a two-month low below the critical $90,000 psychological level. In this article, I review what triggered the sudden drop, why the Bitcoin price is going up today, and how to interpret the bullish pin bar above the 50-day exponential moving average—a potentially strong buy signal. On Tuesday, Bitcoin is trading above $97,000 on Binance, marking its highest value in a week. The cryptocurrency is currently up 2.7%, with altcoins following…
While Ethereum’s upgrades are progressing toward long-term blockchain adoption, they lack the immediate impact needed to drive bullish sentiment in the market, analysts note. Ethereum (ETH) has been struggling to keep up with Bitcoin (BTC) since the Merge in 2022, failing to spark the bullish moves many had hoped for, analysts say. In a recent research note, Singapore-based blockchain firm Matrixport pointed out that most Ethereum upgrades have had little effect on ETH price. Instead of creating instant market changes, these upgrades seem to be part of a long-term strategy for wider blockchain adoption. “These upgrades appear to serve as…
Binance has announced that it is supporting the upcoming network upgrade and hard fork of Cardano, which is set to take place tomorrow, on Jan. 29, 2025, at around 21:45 UTC. In order to do this smoothly, Binance will halt deposits and withdrawals of Cardano (ADA) tokens on the same day beginning from 20:45 UTC. Binance announced that trading for ADA tokens will not be suspended during the upgrade process. All technical requirements of the upgrade will be completed by Binance so that users can upgrade seamlessly. This upgrade is intended to improve the functionality of the Cardano network, and Binance’s support demonstrates its…
Securitize, an asset tokenization platform, has launched a blockchain interoperability solution with Wormhole to enable cross-network transfers for institutional tokenized funds. Tokenization Platform Securitize Deploys Wormhole for Multichain Fund Management The integration allows funds tokenized on Securitize’s platform to move seamlessly across Arbitrum, Avalanche, Ethereum, Optimism’s OP Mainnet, and Polygon. Securitize states that Wormhole, which has facilitated over $55 billion in cross-chain transactions since 2020, will serve as the exclusive interoperability layer for Securitize’s clients, including Blackrock, KKR, and Hamilton Lane. Blackrock’s USD Institutional Digital Liquidity Fund (BUIDL), launched in March 2024, reported $642 million in assets under management (AUM)…
Syria’s economy is in a bad state, to put it very mildly. Not only has the Middle Eastern nation been battered by over a decade of war, the Assad regime, which has been in power since 1971, has now been overthrown by a jihadist group. The conflict, which began in 2011, has devastated infrastructure, displaced millions, and led to economic sanctions from Western nations. These factors have crippled the local economy and trade, leading to severe inflation. The Syrian pound (SYP), which was once relatively stable, has lost over 99% of its value since the war began whilst hyperinflation has…
Ethereum’s circulating supply has surged over the past week, reaching levels not seen since February 2023. On-chain data reveals that 12,353 ETH valued above $39 million have been added to circulation over the past seven days. This comes amid a drop in the network’s demand, which has impacted ETH’s performance. Ethereum Faces Inflationary Pressure as Circulating Supply Spikes Ethereum’s circulating supply, which measures the number of coins or tokens currently available to the public, has rocketed by an additional 12,353 ETH in the past seven days. This brings the coin’s total circulating supply to 120.51 million ETH, a high last…
Publicly listed fintech XTB (WSE: XTB) plans to introduce spot cryptocurrencies to its offering, likely this year, Finance Magnates has learned. While digital assets have been available through the company since 2018, they were only offered as contracts for difference (CFD). XTB, which aims to become an all-in-one financial super app, now plans to expand its offering to include “physical” cryptocurrencies. Recently, XTB posted a job listing on LinkedIn seeking a “Head of Crypto.” The posting indicated that XTB was looking for someone to “build a comprehensive digital asset trading platform for retail clients”. “If you have experience in crypto…
Digital Currency Group (DCG) is spinning off the self-mining unit of its Foundry subsidiary into a separate business called Fortitude Mining that will mine crypto across a range of digital assets, the company said Wednesday. What makes Fortitude Mining different is that it will not only mine bitcoin (BTC), but other proof-of-work protocols as well, with a focus on high-return tokens. Andrea Childs, previously employed as the senior vice president of operations and marketing at Foundry, has been appointed CEO of Fortitude Mining. Mike Colyer remains the CEO of Foundry, which provides digital asset infrastructure to the crypto ecosystem. “Spinning…
Enso, a leader in blockchain shortcuts, is supporting Boyco, a platform on Berachain that helps solve the liquidity problem for new blockchains. Boyco allows decentralized apps (dApps) and liquidity providers (LPs) to secure liquidity before launch, making it easier for Berachain to get up and running.—Boyco, using the Royco Protocol, changes the way liquidity is secured for new blockchain networks. It gives dApps the ability to offer rewards directly to users for providing liquidity, cutting out middlemen and ensuring liquidity is available from the start. This method ensures that liquidity is productive and helps Berachain grow efficiently.Already, Boyco has secured…
This is a segment from the Empire newsletter. To read full editions, subscribe. Given the volatility we saw yesterday, I thought it might be a good time to do a mini temp check. We saw bitcoin briefly drop below $90,000 on Monday, and this morning we’re back up over $96,000. The volatility seems like it’s here to stay, perhaps until Inauguration Day. ETH, shadowing bitcoin’s movements, also took a tumble before regaining momentum. And then there’s top AI agent coin AI16z, which is up 21% in the past 24 hours, having bounced after undergoing its own selloff. Ah, the diversity…