Author: NBTC

Leading cryptocurrency Bitcoin (BTC) briefly fell below the critical $90,000 mark during Monday’s intraday trading session, marking its first dip below this support level in two months. This price dip comes amid a broader market decline and sentiment shifts from bullish to bearish. As of this writing, the king coin trades at $92,385, rebounding 4% from the day’s low of $89,028. With waning buying pressure, the coin could extend its decline in the short term. Bitcoin Continues to Face Bearish Pressure Bitcoin’s Relative Strength Index (RSI), assessed on a one-day chart, confirms this bearish outlook. As of this writing, this…

Major NFT collections such as Pudgy Penguins and Azuki drove an intense trading surge across the NFT market by collecting more than $3.8 million. The digital collectible market remains robust based on its substantial trading volume since it was established, and new projects garner significant investor interest. The NFT sector demonstrates market resilience through increasing sales levels, which result from innovative projects directed by community members. #NFT MARKET OVERVIEW TOP COLLECTION #PudgyPenguins – 24H Volume $2.31M… pic.twitter.com/fdCIpiDxF9 — PHOENIX – Crypto News & Analytics (@pnxgrp) January 31, 2025 Top Collections: Pudgy Penguins & Azuki Dominate the Charts The NFT collection…

The SOC 2 certification ensures enterprise-level protection for every staked crypto against rising cyber threats during the crypto market’s bullish cycle. Everstake Strengthens Web3 Security With SOC 2 Certification Everstake, a blockchain staking provider has successfully obtained the SOC 2 Type 1 certification, reinforcing its commitment to top-tier security and privacy standards. The independent compliance audit conducted by cybersecurity firm Prescient Security confirms Everstake’s adherence to enterprise-level security measures, safeguarding both institutional and individual stakers. With Ethereum staking seeing a 74% increase, rising from 19.5M ETH in Jan. 2024 to 33.99M ETH in Jan. 2025, secure infrastructure is more critical…

Belarus is preparing to launch its own official cryptocurrency. President Alexander Lukashenko recently disclosed this development to journalists, adding that Belarus has a surplus of electricity. Belarus Preparing to Issue a National Cryptocurrency, President Lukashenko States More countries are preparing to issue cryptocurrencies, as digital assets are gaining traction in international markets. Belarus is currently working on creating its cryptocurrency to capitalize on its energy surplus. President Alexander Lukashenko made the announcement after casting his vote in the presidential election. According to BELTA, the official Belarusian news agency, he declared: In Belarus, we are working on creating a cryptocurrency. We…

The U.S. Securities and Exchange Commission (SEC) has repealed Staff Accounting Bulletin No. 121 (SAB 121), a controversial crypto accounting rule that the cryptocurrency industry claimed discouraged banks from dealing in digital assets. The decision is expected to pave the way for traditional financial institutions to participate more freely in the crypto sector. Commissioner Hester Peirce, known as “Crypto Mom” for her pro-crypto stance, celebrated its repeal by tweeting, “Bye SAB 121, it was no fun.” SAB 121 previously required banks that held cryptocurrencies for their customers to record it as a liability on their balance sheets. This accounting practice…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In the summer of 2016, a flaw in Ethereum’s most prominent decentralized autonomous organization led to the theft of more than $50 million of Ethereum (ETH) —around 4.5% of all Ethereum in circulation at the time—an incident which became colloquially known as The DAO Hack. The episode marked a defining moment for blockchain security, with the industry responding with enhanced smart contract auditing, formal verification, and, in time, more secure programming frameworks. It was a crisis-driven innovation,…

Bitcoin (BTC), the largest cryptocurrency, finally drops below $90,000, losing $118 billion in capitalization in 12 hours. However, CryptoQuant’s verified author does not expect this drop to go much lower since short-term holders remain in profit. Bitcoin (BTC) price to $88,000: Next key level to track In the short term, the Bitcoin (BTC) price might find its local “floor” at $90,000. However, entering the “breathing space” in $88,000 zone will not surprise pseudonymous cryptocurrency analyst Percival, CryptoQuant’s verified author. Is Bitcoin’s Indecision Channel Trying to Find Demand to Continue?“The odds favor the $90K floor, but beware! There is a gap…

Ethereum (ETH) is showing signs of a strong upward move, with technical indicators pointing to a potential rally. According to an analyst, ETH could reach a new all-time high in March, sending it to above $4,880 per token. A recent analysis by TedPillows suggests that ETH has entered its short-term expansion phase following a period of accumulation and manipulation. This breakout from consolidation indicates that Ethereum could be on the verge of a significant price surge, with new highs in sight. Ethereum’s breakout signals strong momentum According to the analysis, Ethereum’s price action has followed a classic accumulation and expansion…

Yesterday was nщt just another day for the markets — it was a shake-up, plain and simple. DeepSeek, a fresh face in the AI race and China’s answer to OpenAI’s ChatGPT, made its grand entrance. With it came chaos. Broader markets, including the NASDAQ, took a hit, dragging crypto along for the ride. The result? Outflows. Big ones, according to James Butterfill. Bitcoin and Ethereum bore the brunt, with $442 million and $99 million pulled from their exchange-traded products (ETPs). With total crypto ETP outflows topping $534 million, you are looking at one of the more dramatic single-day movements in…

Aelf, a popular AI-enhanced L1 blockchain network, has recently accomplished a significant $ELF token burn. As per aelf, the platform has effectively conducted the burn of up to 295,519,800 $ELF tokens (equaling $128M) on ERC-20 to solidify tokenomics and promote mainnet ecosystem migration. The platform took to social media to disclose this development. We are pleased to announce that the burning has been successfully completed! The total number of $ELF ERC-20 tokens burned is 295,519,800.🔥Transaction IDs:🔹0xe2edff3da5982429916f886622744392264adfe4a0bd3eed87f279caffd6b60f… https://t.co/bMwtJZzLKs pic.twitter.com/iCakR2P52V — aelf (@aelfblockchain) January 18, 2025 Aelf’s $128M Token Burn of $ELF Reinforces Tokenomics and Sustainable Growth Aelf asserted that the ERC-20…