Author: NBTC
Bitcoin’s recent decline has brought it to a critical technical juncture, where it’s testing important support levels after a break from a multi-week rising channel. While short-term momentum looks weak, long-term on-chain metrics may hold the key to understanding whether this correction has more downside or if buyers will soon step back in. Technical Analysis By Edris Derakhshi The Daily Chart On the daily chart, BTC has officially broken below the 200-day moving average, located around the $88K mark, a significant technical element that often defines the trend. This breach comes after weeks of sideways to downward price action, with…
A key developer in the Cardano network has received accolades for his transparency and recent $460,000 in ADA donation to the ecosystem’s treasury. The donation particularly caught the attention of Cardano proponents due to its origin and the manner in which the donor made the move. Sebastien Guillemot, one of the biggest contributors to the Cardano ecosystem and co-founder of Palma Studio and dcSpark, announced yesterday that he has donated thousands of ADA to the Cardano Treasury. Specifically, he and his firm bought and transferred 685,165 ADA to the community-managed Cardano Treasury in a move perceived as bullish for the…
Changpeng Zhao, the former chief executive officer of Binance, has pushed back against some damning accusations that were leveled against him by BlockTower founder Ari Paul, claiming that he was not charged with money laundering or fraud. He has also added that all of the customers’ assets were completely safe. “Multiple agencies have looked very closely at this,” he noted. Earlier this week, the Wall Street Journal reported that CZ had agreed to give evidence against Tron founder Justin Sun as part of his plea deal with the United States Department of Justice (DOJ). In response to the report, CZ…
The cryptocurrency community welcomed Donald Trump’s re-election as promised to help bolster the position of digital assets in the U.S., ending the practice of ‘regulation by enforcement,’ and even establishing a national strategic reserve. The initial months of the actual presidency stood in stark contrast and can generally be best described as a ‘mixed bag.’ Though President Trump ushered in a more crypto-friendly SEC and the Department of Justice (DoJ) is winding down its digital assets operations, the administration has hardly been lucrative for traders. One of the metrics showing the deteriorating situation is that the number of Bitcoin (BTC)…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Following World Liberty Financial’s announcement of the launch of a non-interest-bearing stablecoin USD1 on April 4, 2025, during a tariff-fueled stock market selloff that erased a record $6.4 trillion in value entering what Wall Street calls a bear market, the US Securities and Exchange Commission issued a notice. This notice paved the way for a more regulated and stable digital asset landscape and said that “Covered Stablecoins,” or tokens backed by physical fiat or high-liquidity assets and…
U.S. tariffs on China may backfire as the country reduces dollar purchases, while currency instability on both fronts fuels interest in Bitcoin. China is scrambling to defend its currency amid the impact of historic U.S. tariffs, fueling renewed demand for Bitcoin (B). On Wednesday, April 9, the People’s Bank of China instructed major Chinese banks to reduce their U.S. dollar purchases to support the weakening yuan. The Chinese domestic market is still reeling from the effects of the 104% U.S. tariffs on all Chinese goods, which went into effect at noon Eastern Time on April 9. In response, the yuan…
Abu Dhabi’s financial regulator has fined crypto firm Hayvn and its CEO more than $12 million for AML breaches and unlicensed activity. The Financial Services Regulatory Authority of Abu Dhabi Global Market has taken enforcement action against Hayvn Group and its former CEO, Christopher Flinos, for regulatory breaches and unlicensed crypto activity. In a press release on Monday, April 14, the FSRA said it imposed a total of $8.85 million in fines and cancelled the financial services license of Hayvn. In addition, ADGM’s Registration Authority also imposed a separate fine of $3.6 million, of which $3.3 million was imposed on…
Bitcoin has fallen to levels not seen since November, with investors remaining cautious about further declines. While uncertainty about the direction of BTC continues, CoinShares analyst argued that Bitcoin could quickly recover from the drop by following the trend of the US stock market. CoinShares analyst Christopher Bendiksen noted in a blog post that Bitcoin could experience a rapid recovery after a sharp drop, as it did during the COVID-19 market crash. The analyst noted that BTC’s current situation could repeat the 2020 pattern of sharp decline and recovery. The analyst noted that in 2020, BTC plummeted by more than…
Discussions dominated the XRP and ADA community after Ripple released a video on tokenization, but starting with the Cardano logo. Cardano and Ripple have long been teasing a partnership. Although none has materialized yet, a recent development has fueled optimism among enthusiasts that something may indeed be brewing. Why Ripple’s Tokenization Video Is Trending In a short video now trending on X, cross-border payment giant Ripple identified the opportunity that asset tokenization offers. It teased the real-world asset (RWA) tokenization sector as the next big thing amid growing adoption by financial industry players. The one-minute video highlighted how bringing physical…
Crypto’s moment has seemingly arrived in Washington, D.C., and the industry is trying to make the most of it. But as new organizations hatch and leadership shifts at the top advocacy operations, the field of pro-crypto groups trying to carry the torch is more crowded than ever. No fewer than a dozen groups — including the Digital Chamber, Blockchain Association and Crypto Council for Innovation — are seeking to steer digital assets policies in the U.S., some of them substantially overlapping in their membership bases, funding sources and in the goals they’re seeking to accomplish. Most of the leaders of…