Author: NBTC
The cryptocurrency market has seen $118 million in liquidations in the last day, primarily aimed at bearish traders. Bitcoin and Ethereum were at the forefront, with Bitcoin alone seeing over $68 million in liquidations, according to the provided liquidation heatmap. With about 88% of liquidations coming from short traders, the general sentiment of the market points to a massive shakeout of short positions, indicating that bears are under a lot of pressure. The two companies with the highest liquidations, especially in short positions, were Binance and HTX. It is noteworthy that HTX’s liquidations, which had a 98% short liquidation rate,…
Ethereum, the leading altcoin, has been showing positive signs over the last week after months of bearish consolidations. Ethereum (ETH) is up 4% in the past 24 hours and is trading around $3,840 at the time of writing. The king altcoin hit a six-month high of $3,900 on the back of Bitcoin’s (BTC) rally above the $100,000 threshold early Thursday. Source: crypto.news At this point, Ethereum is 21% away from its all-time high of $4,891 in November 2021. The second-largest cryptocurrency reached a market cap of $463 billion as its daily trading volume increased by 46% to $63 billion. What’s…
XRP, the $146 billion cryptocurrency behind the XRP Ledger blockchain, is one of the biggest winners from Donald Trump’s victory in the November 5th presidential election. In the three and a half weeks since, it surged as much as 440% to touch $2.86, its highest price since the initial coin offering boom in 2017-2018. Last March, Forbes called XRP a Zombie Blockchain, despite its rich market valuation (currently $143 billion), because it serves no useful function, having effectively failed in its mission to replace Belgium’s SWIFT in trillions of daily international interbank transfers. Nobody has benefited more from XRP’s current…
Ripple has recently announced that it has received in-principle approval as a blockchain-enabled payment services provider from DIFC (Dubai International Finance Centre), spurring its plans to launch its stablecoin in the UAE along with other remittance and crypto payment services. Already, Ripple has a strong presence in the Middle East with 20% of its global client base coming from GCC and MENA region. The license is seen by many as a strong step towards the growth of Ripple in the region, as well as the growth of crypto payments, CBDCs and stablecoins. Ripple views MENA as a forefront of FinTech…
President-elect Donald Trump has nominated David Sacks as his White House AI and Crypto Czar. Who is David Sacks and what is his stance on Bitcoin and crypto? Who is David Sacks? David Sacks is a South African-American entrepreneur and investor recognized for his influential roles in the tech industry. He was born in Cape Town, South Africa, into a Jewish family and relocated to the US at the age of five, where his family established roots in Tennessee. Growing up, Sacks was inspired by his grandfather, who started a candy factory in the 1920s. Although he did not initially…
Circle, the issuer of the USD Coin stablecoin, has partnered with Pockyt, a global payments platform, to offer USDC-based pay-in and payout solutions for merchants worldwide. This collaboration also incorporates Circle’s programmable wallets, creating a “Web2.5” hybrid approach that bridges traditional financial systems with blockchain-based innovations. The partnership aims to streamline cross-border transactions using USDC (USDC), a stablecoin pegged 1:1 to the U.S. dollar and backed by liquid reserves. By integrating USDC, Pockyt enables merchants to benefit from faster and more cost-effective payment methods compared to traditional systems. We’ve teamed up with @pockytio to empower merchants with $USDC and Programmable…
Cryptocurrencies usually get the headlines due to price action, market movements, or scams, but the technology goes far beyond that. The blockchain has the power to revolutionize many segments of our society and life, such as travel and trivial payments. In particular, two startups – built on Algorand (ALGO) – are using blockchain to innovate on airline tickets and energy bill payments. These startups are TravelX and HesabPay, featured in the Algorand Foundation’s new campaign “Algorand Can” as evidence of what blockchain technology can do in the real world, especially when using ALGO’s infrastructure. Essentially, Algorand is a blockchain platform…
Exactly 14 years ago, a user on the legendary Bitcointalk forum asked whether or not it would be actually safe to invest $1,000 in the then-fledgling cryptocurrency. Back then, the cryptocurrency was changing hands at just $0.10. Pete Rizzo, a prominent Bitcoin historian, has estimated that a positive decision could have resulted in an eye-popping gain of $600 million. As reported by U.Today, it has been more than 15 years since Bitcoin acquired its initial exchange rate on the New Liberty Standard Exchange. In early October 2009, it was worth just a fraction of a cent. The initial price of…
Ethereum (ETH) price is now 19% below its all-time high, with the potential to reach $4,000 for the first time since March 2024. Key metrics, including a rising 7-day MVRV and increased whale accumulation, highlight growing bullish sentiment around ETH. If ETH breaks through the $4,000 level, it could begin a surge toward its previous high of $4,867, though failure to sustain this rally might result in a retest of key support levels. ETH 7D MVRV Shows Ethereum Price Could Rise More Ethereum 7-day MVRV has climbed to 6.1%, up significantly from 0.28% just two days ago. This sharp increase…
Crypto investment products firm 21.co plans to split its business into two separate entities as it transitions to a new operating structure. Effective Jan. 6, 21Shares, the crypto exchange-traded products issuer, will operate independently from 21.co Technologies, which will focus on tokenized assets, risk management, and other solutions in the crypto space. Despite this separation, 21.co will remain the holding company for both entities. You might also like: Crypto ETP giant 21Shares urges European regulator to bring regulatory clarity According to the company, the decision to have 21Shares and 21.co Technologies operate as separate entities will allow it to prepare…