Author: NBTC
The strategic launch of the Berachain (BERA) coin on Thursday has gained significant attention from the crypto trading community. The Ethereum (ETH) rival sent shockwaves to the crypto industry after announcing an airdrop of 79 million BERA coins, worth more than $632 million and representing 15.8 percent of the token’s total supply, to the community on Thursday. Berachain, a high-performance EVM-identical L1 blockchain secured via Proof-of-Liquidity (PoL), intends to disrupt the global web3 ecosystem backed by reputable investors led by Hack VC, Polychain, Framework Ventures, and Brevan Howard Digital, among others. BERA Price Prediction for Short and Long-Term The mid-cap…
A California federal judge has dismissed a class action lawsuit against Dfinity, the crypto firm behind Internet Computer (ICP), ruling that investors’ claims the firm sold unregistered securities are barred by time limitations, having been sent one year and six months late. U.S. District Judge James Donato granted Dfinity’s motion to dismiss Tuesday, finding the case “time-barred” under the Securities Exchange Act’s three-year statute of repose. The court sided with Dfinity’s argument that it first offered ICP tokens to the public in February 2017, placing the August 2021 investor lawsuit outside the required timeframe. Law360 first reported the news. The…
Ethereum has made a slow but steady attempt at recovering from the significant 33% price loss observed toward the end of February. The recent recovery is being largely driven by investor confidence, with many accumulating ETH at current low levels. These investors are anticipating an eventual price uptick, hoping to capitalize on Ethereum’s potential growth. Ethereum Finds Investor Support Ethereum’s supply on exchanges has decreased by 635,000 ETH in the last six days, representing a value of over $1.28 billion. This drop in supply reflects a strong accumulation phase by investors who are purchasing ETH at the low price levels…
Bitcoin is showing signs of weakness, as it is fluctuating between $95,850 and $97,729 in the past hour. It holds a market value of $1.917 trillion with a global trading volume of $47.52 billion. Its daily price range has been between $95,850 and $99,131, currently sitting 11% below its all-time high. While many are expecting a recovery soon, there are hurdles on the way as predicted by 10X reserve let’s dive into the insight. Who Is Selling #Bitcoin?What will happen when the #Altcoin selling stops?👇1-14) Our Bitcoin trend model turned bearish on February 2, while the Diamond Top pattern shows…
Market-making on-chain trades is mysterious and important — and lucrative, too. The problem, according to pseudonymous trader Grug, is that crypto protocols with valuable order flow are leaving money on the table. Grug’s company Warlock Labs just raised $8 million in venture funding for what he believes is the solution: a proprietary trading firm that uses on-chain data to prove it is processing order flow responsibly. The two-year old company is set to enter the complex blockchain pipes that facilitate trading on Ethereum. Here, an army of savvy operators offer kickbacks to protocols in exchange for the chance to process…
The U.S. Federal Reserve is making progress in exploring how to add Ripple’s XRP technology into its FedNow payment system, with a focus on Ripple USD (RLUSD). It’s important to note that RLUSD is a proposed stablecoin from Ripple, pegged 1:1 to the U.S. dollar. It’s not the same as XRP, the cryptocurrency. This move is meant to use blockchain technology to boost transaction speed, reduce costs, and increase efficiency within the Federal Reserve’s real-time payment network. 🚨 BREAKING: The Federal Reserve is set to integrate #XRP into the FedNow payment system! pic.twitter.com/xpT44USQxh — Levi | Crypto Crusaders (@LeviRietveld) February…
The U.S. Securities and Exchange Commission (SEC) has decided to drop its appeal in the ongoing legal case involving Ripple. The SEC’s decision not to challenge the 2023 ruling by U.S. District Judge Analisa Torres brings much-needed clarity to the question of whether XRP should be classified as a security. Judge’s Ruling on XRP Sales Judge Torres had previously ruled that Ripple’s “programmatic sales” of XRP on secondary exchanges did not violate securities laws. However, the direct sale of XRP to institutional investors was found to be in violation of securities regulations. With the SEC choosing not to appeal, this…
Ethereum, hovering near the $2,000 mark, presents a buying opportunity for whales. Analysts predict a potential surge to $3,000 amid rising bullish sentiment. As Bitcoin holds above the $87,000 mark, Ethereum witnesses stagnancy near the $2,000 psychological level. ETH trades at a market price of $2,028, recording a 1.12% drop in the past 24 hours. The short-term pullback reveals a minor weakness in the bullish momentum of the short-term recovery run. Amid such conditions, will Ethereum bounce back from the $2,000 mark for a new upswing? Whales Load Up Ethereum Near $2,000 Despite the recent consolidation and prevailing downward pressure,…
OpenLedger, a blockchain network focused on AI applications, has integrated Kernel’s restaking infrastructure on the BNB Smart Chain. This strategic collaboration between OpenLedger and Kernel uses decentralized validation networks (DVNs) to elevate the security and reliability of the decentralized AI ecosystem of OpenLedger. As a part of this strategic collaboration, OpenLedger will now have improved capabilities for obtaining specialized AI models for managing deployment processes through an integrated system that ensures data integrity. 1/ Our partnership with @OpenledgerHQ is gearing up to accelerate the growth of AI-powered dApps, fueling innovation and scaling in the evolving Crypto x AI landscape. pic.twitter.com/xdinPaBNT0…
Bitcoin’s market dynamics is experiencing notable fluctuations as over 20,000 BTC have moved out of long-term holder wallets within the past 96 hours. Historically, such transactions signal potential shifts in investor sentiment, as long-term holders are typically viewed as stabilizing forces in the crypto market. The withdrawal of a substantial amount of Bitcoin raises questions about whether it marks the beginning of a broader trend or isolated selling pressure. Bitcoin Price: Stuck in a Range Bitcoin (BTC) is trading at $97,314.78, showing a 0.78% daily gain. It has moved within a narrow range, hitting a 24-hour high of $97,879.28 and…