Author: NBTC
It’s almost impossible to remain anonymous in the traditional financial world because banks and other financial institutions will always demand some form of identity before they do business with anyone. That’s in stark contrast to crypto and decentralized finance, where users interact via their wallets and never need to reveal anything about them. But the crypto industry is coming under pressure to change, and it’s being put in an uncomfortable situation where it’s being asked to adhere to Know Your Customer and Anti-Money Laundering regulations. It’s a big headache for crypto because asking users to reveal their identities, clashes with…
A widely followed cryptocurrency analyst and trader believes Ethereum (ETH) could hit a five-figure price this year. The analyst pseudonymously known as Credible Crypto tells his 363,700 followers on the social media platform X that his minimum price target for Ethereum in 2024 is $10,000 – a gain of over 343% from the current level. Credible Crypto goes on to say that his maximum price target for Ethereum in 2024 is $20,000 – an upside of around 786% from its current value. Looking at the price action of Ethereum in the low time frame, Credible Crypto says that while Ethereum…
Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission. European crypto enthusiasts are on the sidelines watching as the U.S. Securities and Exchange Commission (SEC) approved eleven spot bitcoin exchange-traded funds experiencing FOMO (fear of missing out) – it’s worth noting there are already plenty of products available in Europe. Crypto ETPs in Europe Although the US market is bigger and has more potential to unlock more…
As Bitcoin surges towards its all-time high (ATH) of nearly $70,000, analysts are closely watching Ethereum, the world’s second-largest cryptocurrency, wondering how quickly it will follow suit and break its record ATHs of approximately $5,000 printed in late 2021. How Will Ethereum React When Bitcoin Breaks Above $70,000? One analyst, posting on platform X, highlights the difference in the two coins’ positions compared to the last time Bitcoin broke above 2017 highs of $20,000 in December 2020. Then, Ethereum was trading at $600, a full 57% below its previous ATH of about $1,400. As Bitcoin nears its record peak of around $70,000…
Ethereum (ETH) surged 90% in 2023, from January 1 to December 31, closing the year at $2,281 per token. At the time of publication, ETH is changing hands by $2,233 while whale investors increase their positions. In particular, SpotOnChain spotted a huge purchase of $48 million in 30 minutes by ‘Whale 0x931’ on January 5, 2024. The mysterious whale used USDT and USDC stablecoins to acquire 21,192 ETH for a $2,265 average price. Remarkably, this address belongs to a gigantic whale worth around $142 million, with a balance of 79,500 ETH. Moreover, the ‘Whale 0x931’ has been building its position…
Ripple’s moves to repossess sold shares have put the company’s valuation over $11 billion, with its bag of cryptocurrencies estimated at over $25 billion. Ripple Valuation at $11.3B In a recent development, anonymous sources have confirmed that Ripple has taken steps to reclaim sold shares. In particular, the prominent payment firm will acquire $285 million worth of shares from early investors and employees. The investment, or “a tender offer,” established Ripple’s valuation at $11.3 billion. It is crucial to highlight that investors are constrained to sell up to a maximum of 6% of their stake. This ensures a controlled and…
XRP Ledger (XRPL) amendment known as Clawback is now live on the protocol’s mainnet after it was enabled on February 8, 2024. Clawback V1.12.0 Now Live According to data from XRPScan, version 1.12.0 of the Clawback amendment went live earlier today after it received about 94.3% votes in its favor. Precisely, the proposal which was supposed to have a voting threshold of at least 28 ‘Yes’ before it could be considered, ended up registering 33 favorable votes. Only two validators voted against the XRPL Clawback amendment. The percentage of votes in favor of the proposal suggests that the respondents are…
For over a month, the second largest cryptocurrency Ethereum(ETH) has been trading sideways resonating between two horizontal levels of $2140 and $2400. Despite a heavy sell-off on January 4th, the ETH price showcased its sustainability above the $2140 support which is above the safety net of 38.2% Fibonacci retracement level. The combined support could offer buyers an opportunity to revive the exhausted bullish momentum and extend the recovery trend. Will Market Correction Push Ethereum Price Below $2000 A bullish breakout from $2400 will release the buildup of bullish momentum A confluence of several technical levels creates strong support at $2140…
The Hong Kong Virtual Asset Rating Agency (HKVAC) has announced the results of index adjustments. The index adjustments will take effect on Jan. 19. The HKVAC global large cryptocurrency index has added Internet Computer (ICP), Near (NEAR), Optimism (OP), Injective (INJ), and Immutable (IMX) while removing TrueUSD (TUSD), Binance USD (BUSD), Hedera (HBAR), Filecoin (FIL), and MakerDAO (MKR). The HKVAC global large cryptocurrency top 5 index and weighted index will add Solana (SOL), replacing Ripple (XRP). The HKVAC Global Large Cryptocurrency Top 10 Index and Weighted Index will add Avalanche (AVAX), returning Tron (TRX). Last time, in October 2023, HKVAC…
In a surprising move, Binance Research, the research arm of cryptocurrency exchange Binance, has published information about the trending ERC404 token standard. The experimental and unofficial token standard has become a trending topic in the crypto space. According to Binance’s research report, ERC404 aims to combine the features of fungible tokens and Non-Fungible Tokens (NFTs). It allows projects to offer ERC20 fungible tokens and NFTs tied to them. Purchasing one full ERC20 token results in an NFT being minted in the buyer’s wallet. However, if a user owns less than one full ERC20 token, they cannot qualify for NFT. The…