Author: NBTC

Ethereum has recently been making waves for the right reasons, providing bullish cues to its native token, ether (ETH). Now, the cryptocurrency’s price chart reveals a compelling pattern reminiscent of the set-up in bitcoin (BTC) before it chalked out a record rally last month. Ether’s three-line break chart, which filters out day-to-day noise and erratic price movements, shows the cryptocurrency’s eight-month corrective trend, characterized by lower highs and lower lows, has ended and the broader uptrend from the October 2023 lows near $1,500 has resumed. Such breakouts often trigger a bullish cascading effect on price by attracting new buyers and…

SAFE token recorded a massive 66% surge in value following its listing announcement on the Upbit exchange. The news triggered a trading frenzy as Korean investors bought the token. Upbit, Korea’s leading crypto exchange, introduced new trading pairs for SAFE, the multi-purpose utility token of the Safe{Core} ecosystem, against the Korean won (KRW), Bitcoin (BTC), and Tether (USDT). Trading began on October 24 at 6:00 PM KST. Spotonchain Reports Increased SAFE Accumulation According to Spotonchain, the number of first-time buyers saw a dramatic increase, with over 1.35 million SAFE tokens, valued at $2.24 million, bought within an hour of the…

Ether (ETH) has underperformed rivals bitcoin (BTC) and solana (SOL) year-to-date, but ETH exchange-traded fund (ETF) inflows have inflected suggesting this period of underperformance may be over, broker Bernstein said in a research report Monday. The broker noted that on Friday Blackrock’s spot ether ETF saw inflows of $250 million, versus only $137 million of inflows for the asset manager’s larger spot bitcoin ETF. “This creates favorable demand-supply dynamics for ETH,” analysts led by Gautam Chhugani wrote. Ether staking yields could be another tailwind for the cryptocurrency. Bernstein noted that initial ether spot ETF applications did not include yields due…

A fake pump.fun token reached a peak of more than 2,000,000% before flooring hard after taking advantage of the hype surrounding the flavia meme coin, run by flavia an AI agent created by Trevor McFedries. The flavia-impersonator meme coin was flagged as a scam by market traders that were on the look-out for flavia trading activity. Bearing the same name as the original, “flavia is online“, some traders fell for the elaborate set-up and impossibly high gains. One trader admitted to losing all his funds in the tradeoff due to the account being suspended in just 24 hours after it…

Félix and Bitso use the Stellar network to enable fast and affordable remittances for U.S.-based Latino immigrants sending money to Latin America. The partnership plans to expand financial services across Latin America, offering more accessible options. The collaboration between Félix, Bitso, and the Stellar network is transforming cross-border remittances for U.S.-based Latino immigrants, according to a recent report. By integrating blockchain technology and USDC stablecoin, the partnership delivers faster, cheaper, and safer ways to send money to Latin America. Conventional methods of remittances are still a tedious process. Senders can visit physical locations, pay expensive transaction charges, and expose themselves…

Bitcoin price continued its strong rebound as it rose for three consecutive days, reaching its highest level since July 29. Bitcoin (BTC), the original cryptocurrency and largest crypto by market cap, retested the psychological level of $68,000, meaning it has jumped by almost 40% from its lowest level in August. There are rising odds that Bitcoin will continue climbing. For one, the crypto fear and greed index moved from the greed zone of 37 last week to 58. BTC and other cryptocurrencies often rally when there is a sense of greed in the market. Bitcoin price has also formed a…

Ethereum’s Beacon Chain supports $125B in economic security, 10K participants, and offers recovery via slashing mechanisms. The Ethereum Foundation invests in zkVM projects to enhance scalability and security with cutting-edge blockchain technology. The launch of the Beacon Chain on December 1, 2020, was a watershed moment for Ethereum. The proof-of-stake (PoS) chain began slowly, with 0.5 million ETH invested on day one, and provided no immediate rewards to users. However, this experimental phase has recently transformed into a robust foundation unparalleled in blockchain history. Through both Layer 1 (L1) and Layer 0 (L0), Ethereum researcher Justin Drake claims the Beacon…

The Uniswap Foundation is investing $1.2 million to boost security audits for developers working on Uniswap v4 hooks. The new fund will connect projects with top audit firms and subsidize costs, making high-quality security accessible. Audit service providers can apply from October 25 to November 8, aiming to strengthen Uniswap’s security landscape. The Uniswap Foundation is initiating security within its ecosystem allocating $1.2 million to Areta for the Uniswap Foundation Security Fund. This fund aims to support developers building Uniswap v4 hooks. As new functionalities emerge, such as dynamic fees and custom liquidity curves, security becomes increasingly vital. Consequently, this…

Cryptocurrency exchange Coinbase has begun notifying its European customers about the upcoming restrictions on certain stablecoins due to the upcoming Markets in Cryptoassets (MiCA) regulatory framework. The restrictions affect users of Coinbase Europe Limited and Coinbase Germany GmbH and will come into effect on December 13, 2024 at 11:59 AM ET. Coinbase explained in an email to its users that certain stablecoins will face restrictions because they do not yet comply with MiCA requirements. Affected assets include USDT, PAX, PYUSD, GUSD, GYEN, and DAI, collectively referred to as “MiCA-restricted assets.” While services for restricted stablecoins have been suspended, Coinbase has…

BitMEX co-founder Arthur Hayes on Wednesday predicted a sharp rise in Bitcoin (BTC) as geopolitical conflicts escalate, driving inflation and increased government spending. In a blog post, Hayes argued that the U.S. government’s financial response to conflicts in the Middle East would spur money printing and fuel the next bull run for the Bitcoin price. “We know that war is inflationary. We understand that the U.S. government must borrow money to sell bombs to Israel,” Hayes wrote. “We know that the Fed and the U.S. commercial banking system will buy this debt by printing money and growing their balance sheets.…