Author: NBTC
Meme coin seasons are known for frenzied market activity, driven by the meteoric rise of viral crypto projects that transform modest investments into fortunes overnight. The world knows dogecoin (DOGE) is the original meme coin, but a gang of newcomers has stormed the 2024 meme season. There’s a puppy wif a hat {{WIF}}, a smirking frog (PEPE), a clumsy sloth {{SLERF}} and more. Memes are fun, especially when you find six or even seven figures in your portfolio overnight. But with market mania and potential for generational wealth come tax considerations and the potential for astronomical mistakes. Zac McClure, MBA,…
In the past 12 days, the stablecoin sector has experienced a growth of $4.95 billion, reaching a new 2024 high of $149.03 billion in market valuation. Among various dollar-tied tokens that have seen their supply numbers go up over the last 30 days, Ethena’s USDE stands out with a 376% increase in its supply during this period. Stablecoin Economy Continues to Swell As the crypto market faced a decline on March 15, 2024, dropping 4.4% in value against the U.S. dollar, stablecoins have emerged as beneficiaries, capturing a substantial share of the trading volume over the last day. With a…
Bitcoin’s price has recently found support around the significant $60K price level, initiating a period of sideways consolidation correction. However, buyers are aiming to reclaim the $73K threshold in the mid-term, propelling the price towards a new all-time high. Technical Analysis By Shayan The Daily Chart A detailed analysis of the daily chart indicates that Bitcoin’s price has entered a mid-term corrective phase following a notable surge towards the all-time high of $73K. This consolidation has extended towards the crucial support region, delineated by the 0.5 ($62K) and 0.618 ($59.5K) Fibonacci retracement levels, where demand currently outweighs supply. Consequently, this…
Ethereum, the pioneer of smart contracts, contracts, is gearing up for a transformation with its latest initiative, “The Purge.” Recently, Ethereum co-founder, Vitalik Buterin discussed the upcoming phases of the Ethereum ‘Purge,’ on X. A quick note on next steps in Ethereum protocol simplification and node resource load decreases (aka “the Purge”):https://t.co/BAebCGrisB — vitalik.eth (@VitalikButerin) April 1, 2024 What is the ‘Purge?’ Let’s find out. Ethereum’s Evolutionary Journey One of the primary pain points of Ethereum has been the soaring gas fees, making transactions prohibitively expensive for many users. As the network expanded, so did the disk space requirements,…
Billy Markus, known on the Twitter/X social media network as “Shibetoshi Nakamoto” and who created the iconic meme cryptocurrency, Dogecoin, together with Jackson Palmer in 2013, has frequently stated on Twitter that he does not believe in crypto as a long-term investment asset. “What it feels like to hodl crypto” In a recent tweet, he, it seems, questioned the sanity of cryptocurrency holders. In a short video shared by Markus, a man seems to be enjoying pretending that he wants to jump from a balcony of an apartment building, drinking household cleaner and similar things that are pretty harmful to…
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,…