Author: NBTC

Ethereum price action has drawn attention recently, with the altcoin king struggling to breach the $3,721 resistance level. This barrier remains a critical hurdle as Ethereum aims to recover lost ground and inch closer to its December 2024 high of $4,107. While some investors remain optimistic, recent corrections have validated others’ cautious behavior. Ethereum Investors Are Sending Mixed Signals Ethereum’s supply, which lasted between one and three months, has surged, reflecting growing resilience among investors. Over the past week, this cohort’s holdings increased by 1.52 million ETH. This trend suggests that despite Ethereum’s recent drawdowns, investors are refraining from liquidating…

While the sharp declines in Bitcoin (BTC) and altcoins negatively affected many investors, millions of dollars evaporated in the last 24 hours. At this point, whales, known as big investors, suffered the most losses from the declines, while an Ethereum whale faced a $5 million liquidation for the third time. According to Lookonchain’s post, a crypto whale is facing constant liquidations. According to the data, this is the third time a whale has been liquidated in the last 35 days, losing $18.5 million in the process. Accordingly, the giant whale suffered a huge loss of $5 million in Ethereum (ETH)…

A 24-year-old Dutch law student who was the subject of a police manhunt last year was arrested this week after further evidence was submitted in relation to his alleged multi-million euro crypto scheme. The self-styled crypto banker from Hengelo, Netherlands, vanished last year after his crypto trading scheme collapsed and investments of up to €4.5 million ($4.6 million) from an estimated 300 people, including friends and family, were lost. RTV Oost reports that the man went into hiding after investors harassed him. He then went to the police and, after a consultation, was moved to a safe location in the…

TONCASH, a cashback app in cryptocurrency native to Telegram, has received a strategic investment from TON Ventures. The goal is to accelerate the global adoption of on-chain payment solutions and redefine online shopping in the Web3 context. Let’s see all the details in this article. Collaboration with Telegram and TON to Redefine Web3 in the Online Shopping App A focus on international expansion A new standard for Web3 Collaboration with Telegram and TON to Redefine Web3 in the Online Shopping App TONCASH, the cashback platform and rewards in cryptocurrencies native to Telegram, has announced that it has received a significant…

Raredex is now live on the Arbitrium blockchain. This marks a significant shift in accessibility to an asset class, which had been long reserved for institutional investors until now. Raredex is a blockchain-based platform on the Arbitrum network allows investors access to rare earth metals. Rare earth metals, needed for businesses ranging from developing technology to renewable energy, have traditionally been difficult for retail investors to access, hindered by the high entry costs — often above $10,000. Raredex solves this by enabling fractional ownership using blockchain-based tokenization, where each token represents one kilogram of physical metal. Louis O’Connor, chief executive officer of…

The following is a guest post from Shane Neagle, Editor In Chief from The Tokenist. Bitcoin pushed the financial innovation envelope in many directions. As a distributed digital ledger, it opened up space for transparency and offered a viable alternative to banking. Relying on its proof-of-work algorithm, Bitcoin established digital scarcity. Digital but still anchored to the physical world of hardware assets and energy requirements. All this while being open-source. And Bitcoin’s open-source nature birthed over a hundred hard forks. These are ledgers governed under different rulesets, so much so that they are incompatible with previous blocks, resulting in a…

Ethereum price has drifted to the red zone along with the majority of the top 10 coins. ETH is down by more than two percent and is trading slightly below the $3300 level at the time of writing. Long-Term Analysis: Approaching the End of the Cycle Looking at Ethereum’s long-term chart, the market follows an Elliott Wave pattern, which helps analyze market sentiment. While the analysis remains somewhat subjective, Fibonacci levels and support areas add an element of objectivity. Ethereum is currently in an uptrend and may be nearing the completion of a larger cycle. After forming Waves 1, 2,…

Grayscale Investments raised Bitcoin and Ethereum allocations to a combined 90% in its Digital Large Cap Fund during its Q4 2024 rebalancing. Bitcoin maintains a 73.52% share, while Ethereum holds 16.16% of the portfolio. The asset manager removed Avalanche from the fund and added Cardano with a 1.44% allocation. XRP and Solana maintain positions of 5.05% and 3.83%, respectively. The changes follow Cardano’s 75% price increase over the past year, while Avalanche showed weaker performance during the same period. The rebalancing, which follows CoinDesk Large Cap Select Index methodology, extended to several other Grayscale products. The Decentralized AI Fund added…

On Jan. 6, 2025, Coinbase CLO Paul Grewal took to X to continue his coverage of the ongoing process of legal encounter with the FDIC that admitted to sending “pause letters” to the banks, urging them to stop services to crypto clients. According to Grewal, the FDIC abused FOIA exemption 8 in an attempt to hide court-compelled info. Table of Contents Why did the FDIC redact disclose documents? The “pause letters” recap Is Operation Choke Point 2.0 real? Coinbase sued the Federal Deposit Insurance Corporation to enforce the Freedom of Information Act. Initially, the request was denied by the FDIC.…

Decentralized exchanges (DEXs) are growing in popularity among crypto users. In the past year, DEXs have generated significant competition for centralized exchanges (CEXs) that currently control trading. In a conversation with BeInCrypto, industry experts from CoinGecko, Gate.io, and PancakeSwap said they expect DEXs to grow in 2025 but also suggested that CEXs will still be top contenders for newcomers. The Success of CEXs and DEXs Since the beginning of crypto trading, CEXs like Coinbase and Binance have dominated the crypto market. These exchanges currently amass over 300 million users combined, offering high liquidity, and serving as easy-to-use platforms for junior…