Author: NBTC

Ethereum (ETH), the world’s second-largest cryptocurrency by market cap has breached a crucial level and currently is gaining significant attention from investors as well as traders. As of today on November 28, 2024, ETH’s breakout from a strong resistance level indicates that it is poised for a notable upside rally. Ethereum Technical Analysis and Upcoming Level According to Coinpedia’s technical analysis, ETH’s sentiment has strongly shifted toward the bullish side. In addition to breaching the horizontal support level of $3,550, the altcoin has also broken out of its five-day-long consolidation zone. This zone breakout near the resistance level is considered…

Alchemy Pay token formed a “God candle” on Oct. 28, after the developers announced plans to launch the Alchemy Chain. Alchemy’s (ACH) token rose to a high of $0.020, its highest level since Oct. 25, and 20% above last week’s low. In a blog post, the developers noted that Alchemy Chain will be built on the Solana Virtual Machine architecture to support the growing needs of its payment platform. The new chain aims to allow Alchemy to process transactions faster, at a lower cost, and in a highly secure environment. Its security will be based on the Trusted Proof-of-Authority mechanism,…

Two entrepreneurs from Brianza are under investigation for alleged espionage, which also involves crypto, in favor of Russia. In fact, through cryptocurrencies and contacts via Telegram, they allegedly gathered confidential information, proposing surveillance and sabotage actions in strategic Italian cities. Let’s see all the details in this article. Possible collaboration with Russia: the accusation is of having provided sensitive information in exchange for the crypto Bitcoin Missions, sabotages, and failed attempts The investigation and the legal implications Possible collaboration with Russia: the accusation is of having provided sensitive information in exchange for the crypto Bitcoin The Milan Public Prosecutor’s Office…

Japanese messaging app giant Line plans to give its 196 million active users the ability to use decentralized apps (dapps) such as games and utilities. The social network, which is mainly used in Japan, Taiwan, Thailand and Indonesia, will debut with 30 dapps in its portal by the end of January and plans for a further 150 by the end of the first quarter, said Sam Seo, the chairman of Kaia DLT Foundation, whose Kaia blockchain will host the applications. Line’s initiative reflects a growing trend of social media and messaging apps integrating blockchain technology to offer a wider range…

Bitcoin (BTC) has been on an upward trend in recent weeks, showing positive price movements that appear quite appealing to investors. According to a recent CryptoQuant analysis, a key metric, “active address momentum,” paints a bullish picture for the cryptocurrency. Active Address Momentum Signals Upward Market Structure Active addresses represent the number of unique addresses conducting transactions on the Bitcoin network, providing insights into network activity and investor engagement. By applying a 30-day moving average (30DMA) and a 365-day moving average (365DMA) to this indicator, the CryptoQuant analyst could assess the network’s growing momentum. The analyst emphasized that the 30DMA…

Babylon Labs has partnered with Castle Island Ventures-backed SatLayer to bring the benefits of Bitcoin staking and restaking to more users. The move aims to offer Bitcoin (BTC) holders the opportunity to explore the decentralized finance ecosystem around the world’s largest and most popular cryptocurrency. Babylon, whose total value locked has surpassed $2 billion, is a leading BTC staking protocol. The platform eyes further liquidity, shared security, and capital efficiency for BTC holders in this partnership, according to a press release. Read more: Babylon Bitcoin staking drives BTC fees above $130 SatLayer will enable this functionality by offering restaking opportunities…

Recently, Ethereum (ETH) showed signs of falling below $3,000 but held firm as bulls defended the altcoin. Now trading at $3,480, here’s what could be next for ETH. Ethereum Still Has More Room to Grow One metric that has consistently proven reliable for analyzing Ethereum is the Market Value to Realized Value (MVRV) ratio, a tool for assessing the profitability of holders and identifying potential market tops or bottoms. The MVRV ratio compares a cryptocurrency’s market value to its realized value, offering insights into whether the asset is overvalued or undervalued. When the MVRV ratio rises, it indicates that more…

As Bitcoin (BTC) is trading higher than it has been in many months amidst the ‘Uptober’ hype, daring investors continue finding the biggest fortunes investing in meme coins, whether they be new, strange, or silly. The latest impressive maneuver was executed by a cryptocurrency trader who spent 20 Solana (SOL) – worth approximately $3,500 – on October 25 to purchase more than 47 million ai16z. By October 27, the investment was worth $3.2 million. Still, in a turn not too uncommon in the meme coin and altcoin sphere, the investment collapsed some $1.3 million in value in less than 24…

Rwanda is preparing to regulate cryptocurrencies in early 2025, the governor of the central bank has said. Central Bank Head Warns of Unregulated Crypto Rwanda is poised to implement regulations governing the use and trade of cryptocurrencies, according to John Rwangomba, governor of the National Bank of Rwanda (NBR). Rwangomba anticipates the regulations will be established in the first quarter of 2025, pending an agreement between the NBR and the Capital Market Authority (CMA). This disclosure came in response to a lawmaker’s inquiry about the central bank’s stance on Bitcoin. While Rwangomba’s response did not explicitly endorse cryptocurrency, it marked…

Mars4, a Web3 gaming ecosystem, has announced a strategic partnership with Zesh, an AI-powered GrowthFi platform. This partnership is aimed at improving and advancing community development and participation in Web3 Gaming. By combining Mars4’s immersive virtual experiences with Zesh’s advanced technologies, the two entities are set to transform how gamers and communities connect globally. 🚀 Zesh x Mars4 PartnershipWe’re beyond excited to announce our collaboration with @mars4_me , an innovative ecosystem revolutionizing gaming through immersive experiences and Web3 technology. Together, we aim to supercharge community growth and bring unparalleled engagement to… pic.twitter.com/orwXM1OEY3 — Zesh (@ZeshApps) November 27, 2024 Zesh Empowering…