Author: NBTC
After the tension between Iran and Israel that started over the weekend, there was a sharp decline in Bitcoin and altcoins. The downward trend that started over the weekend continued and BTC pinned below $60,000 today. This decline also spread to altcoins. While the bloodbath in Bitcoin and altcoins continues, according to Coinglass data, 65,158 investors became liquid in the last 24 hours, while $201 million in leveraged positions were liquidated. While this bearish trend continues to make investors nervous, LMAX Group strategist Joel Kruger said that large Bitcoin investors have not yet started buying the dip, meaning the correction…
Amid ethereum’s value increase, the decentralized finance (defi) ecosystem has significantly benefited from ether’s double-digit growth. Leading defi tokens by market capitalization rose by 14.8% over the past day, and the total value locked (TVL) in defi exceeded $100 billion in the last 24 hours. Defi Protocols and Tokens Benefit From Ethereum’s Meteoric Rise The top defi tokens are gaining from ethereum’s price rise on Tuesday, as the second-largest crypto asset climbed 22% in the past day. The defi token market is now valued at $101.76 billion, following a 14.8% increase since yesterday. Coingecko.com reports the defi to ETH ratio…
Ether has had an impressive day, rallying after markets responded to speculation that the U.S. Securities and Exchange Commission (SEC) may soon approve one or more applications for spot-based ether exchange-traded funds (ETFs). The world’s second-largest digital currency by total market value reached as much as $3,702.23 today on CoinMarketCap, briefly surpassing the $3,700 level before falling back below this price point. Going forward, what key levels of support and resistance should technical traders monitor? Several analysts offered their points of view. “Ether is having quite the day! It’s quickly approaching a few major resistance levels,” Brett Sifling, an investment…
Polkadot’s ecosystem recorded massive growth across major metrics during the first quarter of the year, according to a Messari report. During this period, the market cap of Polkadot’s native DOT token rose to $12.7 billion from the $8.4 billion recorded in the last quarter of 2023. Notably, this upswing correlates directly with a monumental 270% surge in DOT’s price to as high as $11.3 from the bear market low of under $4. However, the digital asset’s value has witnessed some corrections to $7.22 as of press time. Thriving ecosystem Polkadot’s ecosystem experienced a surge in daily active addresses, soaring to…
Senior Democrats “strongly oppose” H.R. 4763, the Financial Innovation and Technology for the 21st Century Act (FIT21), but are not whipping the vote. FIT21, supported by digital asset organizations like Coinbase, provides a regulatory framework, defining digital assets and expanding CFTC authority. House Financial Services Committee Ranking Member Maxine Waters (D-Calif.) and House Agriculture Committee Ranking Member David Scott (D-Ga.) – the leading Democrats on their respective committees – have sent an email to Democratic members of the House of Representatives saying they “strongly oppose” H.R. 4763, the Financial Innovation and Technology for the 21st Century Act (FIT21), but are…
Bitcoin Core v27.0 upgrade brings notable changes to the functionality of the largest blockchain and removes some irrelevant software elements from its codebase. Last Bitcoin Core update before halving is out: What changed? Bitcoin Core v27, the newest version of Bitcoin’s node client software, is published in the orange coin’s GitHub repository. The new version is the last one to come out before the fourth halving reduces BTC emissions to 3,125 Bitcoins per block. Bitcoin Core 27.0 released 🎉https://t.co/Wkj7SCVXQ9 — Murch (@murchandamus) April 16, 2024 With the new release, a decade-old Bitcoin library libbitcoinconsensus has been deprecated. Also, new software…
Today, deBridge has announced $DBR, its governance token. It is an important step towards the deeper decentralization of the DeFi space. Founded in 2021, deBridge has quickly become one of the world’s leading DeFi bridges, transferring $2.35 billion for 385,000 users while exhibiting perfect security and uptime. 1/ Introducing $DBRThe next step in becoming the bridge that DeFi deserves 💜Everything you need to know about the deBridge token 🧵 pic.twitter.com/NcGsLUBDp8 — deBridge (@deBridgeFinance) May 21, 2024 DBR Token to empowering Stakeholders in deBridge Ecosystem The DBR token launch also correlates with the ethos of ensuring that the benefits of the…
The value of ethereum (ETH), the second-largest cryptocurrency by market capitalization, has increased nearly 18% against the U.S. dollar due to speculation that the U.S. Securities and Exchange Commission (SEC) might approve some spot ether exchange-traded funds (ETFs). Market Buzz Lifts Ethereum to $3,691 On Monday, ethereum (ETH) reached an intraday peak of $3,691 per coin amid swirling rumors on social media and forums about the potential SEC approval of several spot ETH ETFs. According to a report by Coindesk, three sources told the publication exchanges were allegedly instructed by the SEC to update their 19b-4 filings “on an accelerated…
The cryptocurrency market has recently seen a substantial price increase in several tokens, including Shiba Inu (SHIB), Bonk (BONK) and Dogwifhat (WIF). This surprising rally follows weaker-than-expected April jobs data, prompting speculators to shift their bets into riskier assets, including cryptocurrencies. Nonfarm payrolls grew by 175,000 in April, falling short of the Dow Jones consensus projection of 240,000. The unemployment rate rose to 3.9%, defying forecasts that it would remain at 3.8%. A broader jobless rate edged up to 7.4%, the highest level since November 2021. Following the news, traders priced in a high probability of two interest rate cuts…
This article explores how PayPal and Proof-of-Stake protocols like Tron might have attempted to influence European policy making by commissioning reports, particularly in the context of the upcoming Markets in Crypto-Assets regulation. It also examines the role of the Crypto Carbon Research Institute, which has been active in Crypto-ESG reporting since 2021 and seeks to create a narrative where Proof-of-Stake is greener than Proof-of-Work. 2021: The Beginning Dutch central banker and blogger Alex DeVries, along with Ulrich Gallersdörfer, Lena Klaaßen, and Christian Stoll, published “The True Cost of Digital Currencies: Exploring Impact Beyond Energy Use,” highlighting bitcoin’s negative impacts beyond…