[ad_1] An analyst known for riding the 2023 crypto breakout believes that Bitcoin’s current consolidation will end with BTC bulls taking a victory lap. In a strategy session, pseudonymous analyst DonAlt tells his 65,700 YouTube subscribers that BTC bears had many chances to drive prices lower in the past weeks after President Donald Trump restarted trade war talks and considered acquiring other countries. According to the crypto strategist, any of those headlines could have catalyzed a deeper Bitcoin correction. But DonAlt says the fact that BTC is still trading above $90,000 despite an onslaught of bearish news makes him believe…
Author: NBTC
[ad_1] Brazil will push crypto initiatives, including a blockchain payment system, to expedite international trading as part of its presidency at BRICS this year. Local media stated this would be a priority for the South American giant’s plans for the organization. Brazil to Push Hard for Crypto Implementation in BRICS Trade The agenda of Brazil as president of the BRICS bloc will feature an unlikely topic: crypto. Brazilian authorities are preparing to introduce proposals for the organization to consider cryptocurrency as a solution for international settlements both inside and outside the bloc. Local journal “O Globo” noted that this topic…
[ad_1] Blockchain analysts have uncovered links between the LIBRA meme coin and other questionable crypto projects, including the official token of Melania Trump. These findings have raised further concerns on LIBRA particularly after its brief endorsement by Argentina’s President Javier Milei. Suspicious Connections Between LIBRA And MELANIA On February 16, Chaofan Shou, co-founder of Fuzzland, alleged that LIBRA’s market maker operates from Delhi and was also involved in the MELANIA meme coin. Shou shared wallet data suggesting that the same entity controlled both projects, fueling suspicions of coordinated insider activity. He further linked the LIBRA team to tokens like Enron…
[ad_1] Bitcoin has managed to maintain strong support at $95,000 for some time. However, this level could face challenges as the cryptocurrency’s overvaluation may lead to a correction. If this support is broken, Bitcoin could experience a drop, potentially reaching as low as $92,000, which would trigger further concerns for investors. Bitcoin Is Facing Trouble The Network Value to Transactions (NVT) ratio is currently at a five-month high, a level last seen in September 2024. The NVT ratio, which measures the relationship between Bitcoin’s network value and transaction volume, suggests that network value is far higher than actual transactions. This…
[ad_1] Lumia and Polygon Labs have teamed up to build the world’s first crypto real-estate project, Lumia Towers. Following the announcement, crypto.news had the opportunity to conduct a Q&A with Head of Enterprise and Financial Services for Polygon Labs, Boris Spremo and Lumia CEO Kal Ali. Spanning over 50,000 square meters and located in the largest city in Turkey, Istanbul, the massive $220 million infrastructure is set to house 300 residential and commercial units and is poised to become a global crypto hub. According to Lumia CEO Kal Ali, the twin skyscrapers will be completed and fully tokenized by the…
[ad_1] With the continuous growth in the crypto market, several crypto assets have grasped attention with significant gains. As per the data from CoinMarketCap, Onyxcoin ($XCN), Artificial Superintelligence Alliance ($FET), and Maker ($MKR) are leading the market, as of February 16th. The other prominent gainers include TRON ($TRX), PancakeSwap ($CAKE), Kaspa ($KAS), POL ($POL), BNB ($BNB), $OKB ($OKB), and MANTRA ($OM). However, the gains of all these coins were limited to single digits only. Onyxcoin ($XCN) Leads Top Crypto Gainers with 3.11% Rise Onyxcoin ($XCN) is standing at the peak of the list of top gainers with its price reaching…
[ad_1] Digital asset prime broker FalconX said Saturday it has completed the “first-ever” block trade for CME Group’s Solana futures with StoneX as counterparty, a day ahead of the SOL futures launch of new contracts expected on March 17. The San Mateo, California headquartered broker executed the transaction with the goal of providing a way “to manage risk and price exposure on a regulated venue,” Josh Barkhordar, head of U.S. sales at the firm said in a statement. A block trade in this context is a large-volume, privately negotiated transaction of the futures contracts, done outside the open market to…
[ad_1] The U.S. crypto task force will focus on starting up a national bitcoin (BTC) reserve, a move that is likely to spur similar efforts worldwide, broker Bernstein said in a research report Monday. “A creation of a U.S. bitcoin reserve could lead to a global race amongst sovereigns to buy bitcoin as one of the reserve assets,” analysts led by Gautam Chhugani wrote. The formation of a strategic reserve poses a number of structural questions, the report said. Will the U.S. Federal Reserve or the Treasury buy bitcoin? If the Fed, that would require legislative approval, the report noted.…
[ad_1] The digital ruble’s rollout is facing challenges, with 30% of Russian banks unprepared due to outdated infrastructure and reluctance to comply with the central bank’s CBDC plans. A recent survey conducted by tech firm Flant and Diasoft found that around 30% of Russian banks aren’t yet ready to adopt the digital ruble, Russia‘s form of a central bank digital currency. According to a Vedomosti report, March 14, Russian banks appear to be reluctant to act as “agents” for the central bank. The main problem: concerns about losing control over their clients’ finances and facing stricter transparency requirements. Local experts…
[ad_1] DonAlt, a prominent pseudonymous cryptocurrency pundit with more than 650,000 followers, believes that Solana has gone from “beloved” to “hated” quickly after its reputation has been tarnished. “SOL went from beloved to hated quickly only because everyone on the chain lost all their money to scams,” he said. As noted by DonAlt, there were many voices who had some concerns about “a scam” culture on the chain during the early stages of its development. However, these concerns were largely ignored by the community due to the fact that they helped to inflate numbers, thus making the ecosystem way more…