Author: NBTC
Ethereum price is struggling above the $4,000 zone. ETH is slowly moving lower and there is a risk of a downside thrust toward the $3,850 support. Ethereum traded to a new multi-month high above $4,080 before correcting lower. The price is trading below $4,000 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,965 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its increase if it clears the $4,025 resistance zone. Ethereum Price Holds Support Ethereum price extended its increase above the $4,050 level, like Bitcoin.…
Crafting a compelling pitch for a crypto project is essential in capturing the attention of venture capitalists (VCs), who sift through hundreds of proposals weekly. Still, invaluable insights can be learned into what VCs look for in crypto startups. These include outlining a blueprint for entrepreneurs to refine their approach, focusing on timing, clarity, market understanding, team composition, and community engagement. Building the Perfect Pitch Danilo Carlucci, Founder and CEO of Morningstar Ventures, told BeInCrypto that timing is critical. Startups should engage VCs only when they have a Proof of Concept (PoC) that demonstrates their product’s or service’s feasibility and…
Pepe Coin has captured the spotlight in the cryptocurrency market with a staggering 70% surge in PEPE price, marking it as one of the top-performing assets on March 4. Meanwhile, this remarkable rally comes amidst a broader positive sentiment in the crypto market, particularly within the meme coin sector, fueled further by Binance’s latest announcement. The exchange’s decision to extend support for Pepe Coin through new trading pairs has ignited investor enthusiasm and propelled the coin to new heights. Binance Listing Sparks Pepe Coin Frenzy The recent surge in Pepe Coin’s price can be largely attributed to Binance’s announcement of…
Singapore-based game studio 9 Lives Interactive announced Thursday that it has secured $3 million in funding to support the global launch of Nyan Heroes, a “hero shooter” game with assets minted on the Solana blockchain. And players will have a chance to test it out very soon. The investment round was led by Mechanism Capital, with participation from Sfermion, Momentum 6, 3Commas Capital, Devmons GG, Kosmos Ventures, and CSP DAO. 9 Lives Interactive previously raised $7.5 million in 2022. Nyan Heroes will be available in a limited early access testing period from March 26 to April 9 via the Epic…
Fireblocks, a platform offering infrastructure for moving, storing and issuing digital assets, has partnered with U.K.-based institutional crypto exchange Zodia Markets in a bid to improve corporate cross-border payments. The collaboration will allow corporations to transfer funds faster through the use of stablecoins rather than through traditional fiat currency methods, according to the press release. The integration will use Zodia’s digital asset versus traditional foreign exchange execution (with a focus on emerging markets) and Fireblocks’ platform for peer-to-peer stablecoin transactions. “For some time now, we’ve witnessed a growth in adoption amongst our network to use stablecoins as a near-instant and…
Investor sentiment in Bitcoin ETFs reflects a growing preference for the crypto over traditional gold despite both reaching unprecedented price levels. Bitcoin and gold are often seen as protective measures against inflation and valuable assets, but this year has marked a notable divergence in investor behavior. Recent data reveals gold ETFs experienced withdrawals totaling approximately $4.6 billion. Conversely, Bitcoin ETFs approved by the SEC on Jan. 11 witnessed $8 billion in net investments, marking a record debut for the financial instruments. There is no second best! #Bitcoin absolutely demolishing gold and silver in ETF flows yesterday.– Bitcoin ETFs: Inflow of…
The presumed owner of a dog associated with the memecoin Dogwifhat is auctioning off an iconic image as an NFT. Apparently, the supposed owner of this famous dog, known for its characteristic hat, has decided to sell an NFT of the image. The dog was the catalyst for the creation of the memecoin called dogwifhat, which currently ranks 49th in market capitalization. Let’s see all the details below. The iconic Dogwifhat dog: from memecoin to NFT sale Dogwifhat (WIF): the new star of meme coins in the crypto market The iconic Dogwifhat dog: from memecoin to NFT sale As anticipated,…
Marathon, one of the largest Bitcoin mining companies in the US, plans to acquire additional energy infrastructure and deploy new mining machines. This move is in response to an upcoming Bitcoin halving event that is expected to significantly reduce miners’ revenues. Marathon CEO Fred Thiel said in a recent interview with Bloomberg Television: “We need more capacity. We are currently reaching our limit as we speak, but we will continue to buy in this sector. The purchases we make have a direct impact on the costs of our mining activities. “The purchases we make help lower the minimum price level…
While the leading cryptocurrency Bitcoin (BTC) reaches a new ATH every day, the largest altcoin Ethereum also rose above $4,000 in this rally. Ethereum, which successfully completed the highly anticipated Dencun upgrade yesterday, continues to attract the attention of investors with its strong stance. At this point, CryptoQuant analyst also stated that ETH showed signs of strength and said that the reason behind this was the decrease in reserves in spot exchanges and the desire of investors to stake ETH. Stating that ETH spot exchange reserves are in a constant decreasing trend, the analyst said that this decrease means that…
Ahead of the 2024 US elections, influential figures in the cryptocurrency industry have signaled their intent to financially support political candidates who are favorable to their cause while opposing those who are critical of the sector. This position is a result of the industry’s support for the loss of a Democratic Representative in California’s Senate primary, highlighting the increasing political power of crypto backers. Political Impact and Industry Support Crypto lobby’s reach was signified through the massive funding that was given to the campaigns against Democrat Representative Katie Porter in California, leading to her loss in the Senate primary. This…