Author: NBTC
Bitcoin price is showing bearish signs below the $63,000 resistance zone. BTC must stay above the $60,000 support zone to avoid a major decline. Bitcoin is still struggling to start a recovery wave above the $63,000 resistance zone. The price is trading below $62,800 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $62,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bearish momentum if it settles below the $60,000 support zone. Bitcoin Price Struggle Continues Bitcoin price started another increase…
Bitcoin Cash, the usability-focused Bitcoin hard fork, is preparing to perform a blockchain-wide upgrade slated to happen on May 15th. The upgrade implements the adaptive blocksize limit algorithm, allowing the network to adapt to future increases in demand without having direct input from actors, avoiding the opportunity for social attacks. Bitcoin Cash to Include Adaptative Blocksize Limit Algorithm in May 15th Upgrade Bitcoin Cash, a usability-focused top 15 cryptocurrency, is preparing to include significant changes to its structure with a network-wide upgrade slated for May 15. After adding Ethereum-like smart contracts last year, this upgrade, nicknamed “Jessica,” seeks to prepare…
A former Federal Reserve official calls attention to the role Ripple and XRP play in shaping the crypto public policy scene in the United States. Gregg Kidd, a former Senior Analyst at the Federal Reserve Board for payments, discussed this while speaking at the just-concluded XRP Las Vegas 2024 conference. Kidd, who also served as an early Ripple employee, commended the firm for how far they have come. Kidd Discusses His Switch to Ripple In his remarks, the Nevada congress candidate emphasized that he first heard about Ripple while working at the Federal Reserve, noting that the San Francisco-based payments…
Crypto.com, a global cryptocurrency exchange, has announced that users can now fund their Fiat Wallet using a US bank-issued debit card. This marks a first in the US crypto market, providing users with a more convenient and rapid way to trade cryptocurrencies. Buying crypto with a debit card With the new feature, users can now transfer funds from their debit cards anytime, anywhere, and instantly, allowing for quicker and more efficient trading. 🇺🇸 Hello, America!🎉 We’re rolling out a new feature to our U.S. users:Instant card top-ups to your https://t.co/vCNztATSCO App Fiat Wallet1️⃣ Deposit USD using a debit card or…
Gold bug Peter Schiff has taken to the X social media network to proclaim that the “Bitcoin fad” is now over after the top cryptocurrency by market capitalization recorded yet another drop below the make-it-or-break-it $60,000 level. He has added that “Bitcoin pumpers” are not out of excuses after the top cryptocurrency by market capitalization suddenly plunged another 6%. “All week Bitcoin pumpers made excuses for Bitcoin’s selloff on Sat. They claimed that since all other markets were closed, Bitcoin was the only asset anyone could sell. Well, all the markets are trading now and Bitcoin is getting killed again.…
Decentralized application (dApp) platform Near Protocol exhibited notable growth in key metrics during the first quarter (Q1) of 2024, driving its native token NEAR to reclaim a crucial key level and paving the way for a potential retest of its all-time high (ATH) from January 2022. According to a recent report by Messari, NEAR experienced significant increases in market capitalization, revenue, active addresses, and Total Value Locked (TVL), solidifying its position among the top players in the cryptocurrency market. NEAR Outperforms Bitcoin And Ethereum In Q1 2024, NEAR’s circulating market cap surged to $7.2 billion, marking a 94% quarter-on-quarter (QoQ)…
Thomas John Sfraga, known as “TJ Stone,” entered a guilty plea to wire fraud charges in a Brooklyn federal court on Thursday. According to the U.S. Department of Justice, Sfraga was accused of deceiving investors with the promise of up to 60% returns within three months through a non-existent cryptocurrency digital wallet. Instead of fulfilling these promises, he allegedly diverted these funds for personal use and to placate previous victims of his fraudulent activities. “For years, Sfraga brazenly lied to friends, neighbors, and investors to swindle over $1.3 million of their hard-earned life savings,” commented Breon Peace, the U.S. attorney…
There are approximately 21,800 Bitcoin options contracts due to expire on Friday, April 19. These derivatives have a notional value of around $1.33 billion, which is marginally lower than last week’s expiry event. Moreover, crypto markets have been tanking hard all week, with Bitcoin poised to lose its psychological price level of $60,000. Bitcoin Options Expiry Today’s expiring batch of BTC contracts has a put/call ratio of 0.63, which means there are almost twice as many call (long) contracts expiring as puts (shorts). The bulls still appear to be dominating derivatives markets with the most open interest at the $80,000…
According to data shared by the cryptocurrency analysis platform Santiment, two altcoins have become an extra trend among users today. According to analysts, the first of these altcoins stands out as Worldcoin (WLD). WLD, which is actually an AI-themed token, experienced a 44% increase in market value in May. WLD hit a bottom in April. Interestingly, billionaire Warren Buffett played a big role in WLD’s recent rise to the agenda and its positive impact. According to analysts, the token rose after Buffett recently made a controversial statement that potentially illegal financial activities are becoming more common with artificial intelligence. Worldcoin…
As crypto emerges as an increasingly partisan issue in the 2024 presidential election—what with Donald Trump making overtures to the industry, and President Joe Biden threatening to kill legislation intended to protect it—American crypto companies have begun feverishly spending to aid the campaigns of pro-crypto candidates across the country. Industry mainstays like Coinbase, Andreessen Horowitz, and Ripple Labs have already dedicated tens of millions of dollars to influencing key Senate and House races this year. Meanwhile, crypto leaders have begun openly embracing Trump in a manner unthinkable four years ago. But amid the crypto industry’s rise as a force in…