Author: NBTC
Earlier today, in a comprehensive discussion with CNBC’s Jim Cramer, Block Inc.’s CFO and COO Amrita Ahuja shared in-depth insights into the company’s strategic direction, innovative product offerings, and future growth prospects. Block, Inc. (formerly known as Square, Inc.) is a technology company co-founded by Jack Dorsey, who is also a co-founder of Twitter. Block focuses on financial services and mobile payments, offering a range of products that include payment processing for businesses, point-of-sale systems, and peer-to-peer money transfer via its Cash App. The company rebranded from Square to Block in December 2021 to reflect its broader commitment to blockchain…
Ethereum price faced rejection and dropped from the $3,650 zone. ETH retested the $3,320 support and might start another increase. Ethereum started another decline and traded below the $3,500 support zone. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above the $3,450 resistance zone. Ethereum Price Dips Again Ethereum price struggled to continue higher above the $3,650 resistance. ETH faced rejection and started a fresh…
Calvin Ayre, a gambling magnate who has funded many Bitcoin Satoshi Vision (BSV) projects, has taken to X (formerly Twitter) to announce that he is taking a break the day after the UK High Court ruled that Craig Wright is not Satoshi Nakamoto. Earlier this month, Ayre was confident that “Craig is winning” the lawsuit he has since lost. Despite this court ruling, Ayre claimed that he still knows that Wright is Satoshi. Ayre has been the principal financier behind nChain, a firm that has attempted to market a collection of ‘intellectual property’ it contends is related to ‘blockchain.’ Ayre…
The new US spot bitcoin ETFs, which launched in January after gaining the SEC’s approval, have dramatically shifted the crypto industry landscape, and appear to be in the process of altering traditional finance. In fact, the new ETFs have been unprecedented in their levels of attention and initial demand over their first two months, and are leading to an urgent need for deeper analysis of bitcoin and crypto among traditional financial firms. The global trading and investment firm Exante, providing access to markets encompassing shares, ETFs, currencies, metals, and bonds across more than twenty locations, exemplifies this trend. Recognizing that…
Forty-eight U.S. lawmakers have sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler asking him to clarify whether ether is a security. “The negative repercussions of the SEC implicitly or directly classifying ETH as a digital asset security will cascade throughout the digital asset marketplace both in the short and long term,” they warned. Congress Members Want to Know SEC’s Classification of Ether Forty-eight U.S. lawmakers sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler last week regarding ether (ETH) potentially being classified as a security by the Commission. In their letter,…
Some market participants alleged that Aevo’s volume was recently inflated by wash trading, with some pointing to recent activity in out-of-the-money ether options as evidence. Asked about the accusations, Aevo said the increased volume might be tied to “airdrop farming.” Wash trading, in which the same person acts as both buyer and seller on a trade to create a false sense of activity, is banned in conventional markets like stocks. Daily trading volume on the decentralized crypto perpetual and options exchange Aevo recently surged from around $100 million to over $4.5 billion, only to fall back to square one in…
As the majority of assets in the cryptocurrency market are resuming their bullish move, the sector’s representative and its largest asset by market capitalization, Bitcoin (BTC), is no exception, and its advance could soon culminate with a new all-time high (ATH) peaking at $100,000. Specifically, Bitcoin closed last week above $65,000, which the maiden crypto asset has confirmed as support, and there are not many obstacles left on its way toward reaching the high target of $100,000, according to the analysis shared by pseudonymous crypto trading expert CryptoJelleNL on March 25. Bitcoin price prediction 2024 Indeed, if the crypto expert’s…
Ethereum rose to the top position in the non-fungible tokens (NFT) market with sales reaching US$10 million, marking a 0.14% increase over the last 24 hours to 12 p.m. ET Tuesday. Ethereum leads the NFT market in all-time sales volume, which stands at US$43.45 billion, according to data from CryptoSlam. Bitcoin, ranking second on Tuesday, experienced a decline in sales by 17.39%, totaling US$8.15 million to drop out of the top spot. Bitcoin has reached US$3 billion in all-time sales, ranking it fourth in the market, and is quickly catching up to Ronin’s US$4.26 billion for third place. Ronin added…
April 2 (Reuters) – Cryptocurrency ether is struggling to keep pace with soaring big brother bitcoin. The no. 2 cryptocurrency, which commands less than a fifth of the $2.7 trillion crypto market, has not done poorly. But ether is up just around 53% in the first three months of this year, compared with bitcoin’s 65%. Bitcoin scaled new peaks last month. Trading around $3,612 on Monday, ether is at least 26% below its Nov. 2021 all-time high of $4,867.60. Even a recent technical upgrade of the Ethereum blockchain, which is used to build applications, barely made a splash beyond the…
Ripple is a known institution that controls a significant amount of XRP’s token supply and regularly sells hundreds of millions of tokens on a monthly basis. In particular, Ripple unlocked 1 billion tokens in March and reserved 200 million of these new tokens to sell. The company locked the remaining 800 million in new escrow contracts for July and August 2027. However, the institution had already sold all 200 million plus 40 million XRP of its previous reserve by March 13. This is a huge and unusual sell-off in less than 15 days, which raises concerns and questions. The first…