Author: NBTC

Ethereum’s price has been on a significant decline lately and has yet to reverse. If things remain the same, much lower prices could be expected. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has been making lower highs and lows since getting rejected by the $4,000 resistance level twice in December. Currently, ETH is trading below the 200-day moving average, located around the $3,000 mark, and is trying to break back above $2,700. If the market is able to do so, a bullish reversal will become probable. In case of failure, a drop…

Beijing-based venture capital firm Gaorong Ventures has reportedly backed HashKey Group with $30 million, valuing the operator of Hong Kong’s top crypto exchange at $1.5 billion. Hong Kong-based HashKey Group has secured a $30 million investment from Beijing’s Gaorong Ventures, making it a rare move by a Chinese firm into the crypto space, Bloomberg has learned, citing people familiar with the matter. Gaorong Ventures, which has previously backed Chinese internet giants like Meituan and PDD Holdings, invested in HashKey at a pre-money valuation of over $1 billion, a figure that has remained mostly unchanged since the company reached unicorn status…

As the broader digital asset markets see a minor resurgence amid the start of 2025, a crypto wallet that has been inactive for a year reappeared today. Its resurface has gained significant attention from market participants. Onchain Lens has shared a post on the X platform about the wallet, which holds massive amounts of Uniswap, reappeared after being dormant for one year. Uniswap wallet reappears from dormancy After its reappearance, the wallet sold 119,000 Uniswap tokens for $1,787,697 USDC at an average price of $15, today after being asleep for one year. According to metrics shared by Onchain Lens, the…

The ripple effect in the XRP community is palpable as the SEC gears up for another closed-door meeting, scheduled for February 13, 2025. This marks the third consecutive weekly closed session under the Sunshine Act, and the excitement is building. Could this be the meeting where the SEC finally pulls the plug on its appeal against Ripple, leading to a significant rally? The stakes are high as XRP’s future may rest on the commission’s next steps. A withdrawal of the appeal could potentially trigger a surge, pushing XRP toward a new all-time high. At the same time, the market is…

Bitcoin’s tremendous growth in 2024, driven by important catalysts such as the approval of ETFs, FED policies, and Donald Trump’s election victory, has paved the way for a very important year in 2025. Although BTC has surpassed $100,000, its momentum has slowed as investors evaluate the next phase of its development. On Yahoo Finance’s Market Domination, host Julie Hyman, markets reporter Josh Schafer, and Interactive Brokers’ chief strategist Steve Sosnick examine the trends shaping Bitcoin’s path, with insights from Asymmetric founder and CEO Joe McCann. Bitcoin has benefited from a trio of catalysts in 2024: regulatory developments regarding ETFs, the…

The Abu Dhabi-based branch of Brevan Howard Digital, the crypto arm of the global investment management firm, has deployed $20 million on Kinto, a blockchain platform designed for institutional participation in decentralized finance (DeFi). The deposit makes Brevan Howard Digital one of the first traditional financial firms to tap into Kinto’s on-chain mining program, the protocol said. Kinto operates as an Ethereum layer-2 network with built-in compliance mechanisms, including Know-Your-Customer (KYC) and Anti-Money Laundering (AML) protocols, facilitating financial institutions that face strict regulatory requirements to participate in decentralized finance. It also offers a smart contract wallet with default insurance and…

Ethereum News: Can ETH Price Surge Past $3K Next? 1- NYSE Proposes Rule Change for Grayscale’s Spot Ether ETF Staking The New York Stock Exchange (NYSE) has filed a proposal with the United States Securities and Exchange Commission (SEC) to allow Ethereum staking in Grayscale’s upcoming Spot Ether ETF. This move could significantly impact Ethereum’s market dynamics by enabling the ETF to participate in Ethereum’s proof-of-stake network, potentially generating staking rewards for investors. The proposal outlines the operational mechanics of the staking process, emphasizing that rewards would be accrued but not directly distributed as dividends. Instead, these rewards would be…

14 February 2025 – Tether, the largest company in the digital asset industry, announced that it has acquired a minority stake in Juventus Football Club S.p.A. (“Juve”), one of the most successful and iconic football clubs in the world. This investment marks a significant milestone for Tether. Following the unveiling of its long-term strategic vision, which spans from leading the digital asset industry with USDt, the most used stablecoin in the world with a market capitalization of more than 140 billion USD and more than 400 million users across emerging markets, to acquiring and developing leading companies in the Artificial…

Two notable digital asset firms have ranked XRP, the native token of the XRP Ledger, alongside a few other high-caliber cryptocurrencies as a store of value. XRP. the third-largest cryptocurrency by market cap appeared on an exclusive list of assets classified as a store of value. For context, an asset boasts a store of value if it keeps its intrinsic value or purchasing power over a long period of time. Grayscale Brands XRP a Store of Value In a Monday tweet, Grayscale, the leading digital asset manager, mentioned three assets in its crypto sector that serve as a means of…

As digital asset regulation gains prominence, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are exploring ways to enhance their crypto regulatory cooperation through a joint advisory committee. US SEC-CFTC Joint Advisory Committee and Crypto Regulations Both the agencies are thus, considering restarting the SEC-CFTC Joint Advisory Committee, which has been inactive since 2014. The committee was originally established in 2010 to provide a platform for the agencies to discuss emerging regulatory issues. According to Fox News journalist, Eleanor Terrett, last year the CFTC Acting Chairman Pham had called for the committee’s restructuring, believing…