Author: NBTC
Shiba Inu (SHIB), the dog-themed meme coin, has witnessed a massive transaction surge in the last 24 hours. Over 2.8 trillion SHIB tokens have been transacted on the leading cryptocurrency exchange, Binance. Available data shows that 2,816,572,700,000 SHIB has hit Binance in active trading. SHIB whale activity and market implications Analysts have attributed the bulk of these transactions to whale traders. Although the actual factors driving the activities of these whales have not been revealed, the move remains significant to the ecosystem. Transacting such a staggering volume of SHIB tokens on Binance might suggest one of several possible scenarios. Primarily,…
Coinbase urges regulators to ease crypto banking limits, citing unfair restrictions that hinder industry growth and stability. US banks avoid crypto firms due to unclear rules, forcing Coinbase to push for transparency and fair financial access. Political debates heat up as lawmakers question regulatory overreach, with Trump signaling a more crypto-friendly approach. Coinbase is pressing US regulators to ease banking restrictions for cryptocurrency firms. The exchange calls for clear rules allowing banks to offer crypto services. This move follows years of regulatory uncertainty, which has kept traditional banks away from the digital asset industry. According to Coinbase, these limitations have…
Bybit registers with India’s FIU, ensuring compliance and moving closer to full operations. Bybit expects to receive its full operational license within weeks, resuming business smoothly. The company is also seeking a VDASP license, allowing complete access to India’s crypto market. Bybit, one of the world’s largest crypto exchanges, has taken a major step toward resuming full operations in India. The company has successfully registered with India’s Financial Intelligence Unit (FIU), clearing a significant regulatory hurdle after past compliance issues. Bybit Secures FIU Registration On February 5, Bybit announced that it had officially registered with India’s FIU, a critical requirement…
Bitcoin has faced intense selling pressure since Tuesday, following a strong breakout above the $100K mark. The rally, which many investors hoped would solidify Bitcoin’s bullish structure, quickly reversed, driving the price down to a low of $92,500. The sudden downturn has rattled market sentiment, leaving investors cautious about the immediate direction of the crypto market leader. Top analyst Axel Adler has shared crucial data on X, highlighting Bitcoin’s nearest support levels. According to Adler, the key levels to watch are between $86.8K and $89.7K, representing the short-term holders’ realized price. These metrics suggest that Bitcoin is approaching a significant…
A month into 2025, Ethereum faces growing uncertainty despite its established dominance in the smart contract space. While ETH registered notable gains in 2024, it lagged behind major competitors like Solana, XRP, and SUI, raising concerns about its ability to maintain market leadership. The Ethereum Foundation also had a challenging year, dealing with transparency issues, leadership shifts, and increasing skepticism from the community. With experts divided on Ethereum’s future, the question remains: Does it still offer strong investment potential, or are alternative ecosystems becoming more attractive? Ethereum is Lagging Behind Major Competitors In 2024, Ethereum ended the year with a…
Traders online are scrutinizing the fundraising project done to raise $650,000 to put the dogwifhat icon on the Las Vegas Sphere due to inactivity. The funds have surpassed the goal, however the dog with the pink hat has yet to appear on the sphere. On the social media platform X, users have started noticing the project’s inactivity 10 months after the funds surpassed the set goal. Meanwhile, the donations worth nearly $700,000 in USD Coin (USDC) are still kept frozen in the crypto wallet held by a team of influencers. One of the users on X with the username @0xShual…
Hacker Indian crypto exchange WazirX’s latest move has users furious: either support new DEX plan or sit tight for five years to get their money back. Indian crypto exchange WazirX, which lost hundreds of millions in customer funds in a 2024 hack, is making waves again. This time, over a restructuring plan that’s sparking outrage among users. In an X post on Tuesday, Feb. 4, WazirX laid out a “breakdown of what happens” depending on whether the community backs its proposal. Urging users to “understand what to expect in both scenarios,” the exchange is essentially offering users two options: support…
Bitcoin enters the 6th consolidation range, signaling potential breakout or deeper correction. Institutional ETF outflows rise while whales accumulate over $2.1 billion worth of Bitcoin. Key support at $92,118; traders watch for breakout above $96,397 resistance. Bitcoin—BTC, has now entered the 6th consolidation range of this market cycle, adding to the intrigue. Previous ranges have followed a predictable pattern—sideways price action, misleading fakeouts, and eventual breakouts. Many traders believe history may repeat itself, with a massive move likely on the horizon. Yet, the growing fear in the market, alongside price declines, raises questions about what lies ahead. Will Bitcoin recover,…
Ethereum (ETH) continues to perform poorly against Bitcoin, with data showing that ETH has fallen by 70% against BTC since the merger. While analysts expected the September 2022 Merge upgrade to be good for ETH, more than two years later, Ethereum’s performance tells a different story. Bitcoin has gained approximately 160% in value against Ethereum since Mertge. While Ethereum’s failure to meet expectations and its weak performance against Bitcoin increased concerns about ETH’s market position, Alphractal CEO Joao Wedson announced important data regarding Ethereum. Noting that long-term Ethereum investors have reduced their positions since the Merge, Wedson said that wallets…
Telcoin has received approval for its Digital Asset Depository Bank Charter in Nebraska This positions Telcoin as one of the first federally regulated digital asset depository banks in the USA With this charter, Telcoin can now issue stablecoins and hold deposits at a Federal Deposit Insurance Corporation. In a landmark decision, the Nebraska Department of Banking and Finance has given the green light to Telcoin, Inc., allowing it to become one of the first federally regulated digital asset depository banks in the United States under the Nebraska Financial Innovation Act (LB 1074, 2024). Source: Nebraska Department of Banking and Finance…