Author: NBTC
Ethereum (ETH) is gearing up for an explosive bullish phase after decisively breaking above the crucial $3,000 mark. This milestone has fueled optimism among traders and investors, signaling a potential surge to new all-time highs. ETH’s recent price action demonstrates strong momentum, suggesting that the second-largest cryptocurrency by market cap is ready to reclaim its place in the spotlight. Renowned analyst and investor Carl Runefelt has bolstered this bullish outlook with a compelling technical analysis. Sharing his insights, Runefelt pointed out Ethereum’s impressive recovery and growing strength. He emphasized that if current momentum continues, the $6,000 milestone could be within…
Cardano Founder Charles Hoskinson has addressed calls for transparency within the blockchain’s ecosystem. In a short video excerpt shared by Plutus Staking on X, Hoskinson clarified for users the sacrifices he has made for the community. Charles Hoskinson’s massive financial investment and sacrifices According to Hoskinson, a lot of investment has gone into the development of Cardano. He stated that initially, he spent a lot of resources as payment for development contracts. This includes about $36 million worth of Bitcoin and around $6 million of Ethereum. Together, this is worth about $38 million in payments. Hoskinson emphasized that his out-of-pocket…
President Trump’s administration reportedly plans to eliminate capital gains taxes on cryptocurrencies issued by U.S.-registered companies. If enacted, this move would exempt American investors from taxes on profits gained from holding certain digital assets. Should it happen, this shift could drive significant capital inflows toward US-based cryptocurrencies and bolster domestic economic incentives, aligning with the administration’s objective to establish the United States as a global leader in the digital assets sector. According to ColdAI founder Shayan Salehi, a Trump Transition Team member stated that the legislation would only apply to assets issued by entities that registered within US borders before…
The Russian government has greenlit draft amendments to a bill aimed at taxing crypto mining and transactions. Russia is moving forward with a draft amendment to its Bitcoin (BTC) mining legislation, introducing new tax rules for crypto mining, transactions, and related infrastructure. According to an Interfax report, the amendments, announced by the Ministry of Finance, establish new guidelines for taxing income and expenses in the crypto mining sector, along with outlining the tax obligations for operators of mining infrastructure. Under the changes, cryptocurrencies are defined as property for tax purposes. Income from mined tokens will be taxed based on their…
Bitcoin price chart shows a new bullish indicator. Analyst notices a major breakout sign for BTC. The next ATH for BTC could appear between $99,000 – $100,000 soon. Bitcoin (BTC) price continues its steady sideways movement on the higher side of the $60,000 range. The asset is currently at the $67,000 target and continues to show bullish signs. With the expectation of a bullish Q4, October has shown strong pump indicators for BTC and analysts hope to see a new ATH for BTC soon. Bitcoin Prepares for Breakout to $99,000 – $100,000 Many analysts expect BTC to hit its previous…
Despite a recent price decline, Ethereum (ETH) bulls appear to be setting their sight on a renewed rally, according to data obtained by BeInCrypto on-chain. Today, ETH’s price is $3,130 — down from its recent peak of $3,434 on November 12. Investors, however, remain resolute that the cryptocurrency pullback is temporary. Here is a breakdown of what could happen amid the current sentiment. Ethereum Investors Decide Not to Sell According to Glassnode, the total Ethereum exchange inflow is 249,245 as of this writing. Exchange inflow is the number of coins sent to exchanges within a given timeframe. When this metric…
For some time, former kickboxer and social media influencer Andrew Tate has been heavily promoting the meme coin Daddy Tate (DADDY). At various points in recent months, the campaign has been marked with noted success as the cryptocurrency achieved various milestones – such as hitting a market capitalization of $120 million in July – and experienced major rallies – such as the 30-day 100% surge by mid-October. However, the situation shifted rapidly for the worse on October 19 when the popular digital detective and Youtuber Stephen Findeisen, better known as Coffeezilla – famous for, for example, accusing Sam Bankman-Fried of…
HashKey’s Xiao Feng says Trump’s crypto-friendly policies could push China to re-enter the digital asset market. Trump appoints Elon Musk and Vivek Ramaswamy to lead a new tech-focused government department, signaling a pro-crypto stance. Recently, HashKey Group Chairman Xiao Feng created ripples in the digital asset sector by speculating that Trump administration measures endorsing cryptocurrency would inspire China to reactivate its digital asset market within two years. Feng pointed out that Western sanctions—particularly the isolation of Russia from the SWIFT payment system in 2022—may also force China toward quickening its stance on crypto Feng claims that the latest Trump initiatives…
Bitcoin (BTC) “Store of Value” narrative might be on borrowed time due to conflicts of interest in the proof-of-work ecosystem, constant selling pressure and the vulnerability of miners, prominent Ethereum (ETH) proponent Adriano Feria says. Meanwhile, ETH/BTC rates dropped to the lowest levels since early April 2021. Bitcoin (BTC) flawed by selling pressure and conflicts of interest: Opinion Ethereum (ETH) proved its censorship-resistance as OFAC failed to properly implement censorship measures on its transactions. Such statement was shared by DeFi researcher and long-term Ethereum (ETH) supporter Adriano Feria on his X. $ETH’s proof of stake is censorship resistant. This is…
Ethereum price started a downside correction below the $3,150 zone. ETH is now consolidating near $3,120 and might attempt a fresh increase. Ethereum started a short-term downside correction below the $3,150 zone. The price is trading below $3,200 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $3,120 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it remains stable above the $3,040 zone. Ethereum Price Eyes Fresh Increase Ethereum price failed to start a fresh increase above the $3,250 zone and started a…