Author: NBTC
Trading volume on Solana-based decentralized exchanges (DEXs) blew past an all-time record this week, cementing the Ethereum rival’s place among the top beneficiaries of the crypto market’s current, steadily escalating bull run. Over the period of February 24 to March 2, more than $11.19 billion worth of digital assets were traded on Solana decentralized exchanges, according to data compiled by Defi Llama. That figure is up over 154% from the preceding seven-day period. Those figures far exceed the previous record-holder for Solana DEXs’ best week ever—$9.88 billion traded in one week, a milestone that was hit in mid-December. By far,…
Ethereum price managed to stay above $2,170 and recovered losses. ETH consolidating and still facing many hurdles near $2,350 and $2,400. Ethereum is attempting a fresh increase above the $2,300 resistance level. The price is trading above $2,250 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $2,245 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if there is a close above the $2,350 level. Ethereum Price Regains Strength Ethereum price extended its decline below the $2,200 level. However, ETH remained stable…
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. A Russian economist has claimed Moscow will eventually force the elderly to accept CBDC pension payments as part of the digital ruble rollout. Per Pro Blast, the claims were made by the writer and economist Alexander Razuvaev, who said: “Gradually, [conventional] pensions will be replaced with payments made in digital rubles. In the near future, this is most…
VeChain has launched Account Abstraction & Token Bound Contracts, enhancing interoperability and security. Partnerships with EasyA and Boston Consulting Group (BCG) mark new milestones, expanding VeChain’s ecosystem through the #360Daysofvechain initiative. VeChain’s development team recently heralded the successful deployment of Account Abstraction and Token Bound Smart Contracts on both the testnet and mainnet. This milestone enhances blockchain interoperability, particularly with VeChainThor, bolstering user security and facilitating account recovery. Revolutionizing Blockchain Usability These innovations are poised to transform the interaction between blockchain technology and the Web2 world. They simplify processes like social logins for decentralized applications (dApps), making blockchain more accessible…
The recent cryptocurrency price surge has led to a shift in net worth of key players in the industry. Changpeng Zhao, popularly known as CZ, saw his net worth surge to over $26 billion, according to Bloomberg. Forbes pegs his net worth at $15 billion, making him one of the richest players in the industry. Brian Armstrong, the founder of Coinbase, has also added billions to his net worth as the company’s stock has jumped. Bloomberg places his net worth at $5.4 billion while Forbes places it at $5.8 billion. Coinbase stock price has more than doubled in the past…
A closely followed crypto analyst says that Bitcoin (BTC) has now moved into bullish territory as the halving approaches. Pseudonymous analyst Rekt Capital tells his 397,000 followers on the social media platform X that Bitcoin has entered a “pre-halving rally phase.” According to the trader, Bitcoin’s bull markets can be broken up into three main chapters: the pre-halving rally, the post-halving resistance and the post-halving parabola. He says BTC has officially kicked off the first phase. “Time has run out. Bitcoin has already transitioned into the pre-halving rally phase.” Source: Rekt Capital/X Rekt also takes a look at the Pi…
With spot Bitcoin exchange-traded funds dominating crypto narratives and market sentiment at the moment, Ethereum is getting left behind. However, those narratives could soon switch to the world’s second-largest digital asset if BTC funds are approved. Crypto markets have surged to a 21-month high of $1.8 trillion total capitalization driven by spot Bitcoin ETF hype. Bitcoin is leading them as expected, and some of the altcoins are gaining double digits—but not Ethereum. Insanely Undervalued Ethereum On January 9, crypto investor “DCInvestor” told his 235,000 X followers that Ethereum “will do better and retain more value after this cycle than the…
There are a number of key events and quarterly earnings reports expected this week in the United States, such as sales data and consumer sentiment. Moreover, crypto markets have been in retreat over the weekend as Bitcoin ETF fervor fades, but will they keep falling? Macroeconomics outlet The Kobeissi Letter listed the key economic events for the United States for the week beginning January 15. It follows a highly volatile week of trading on crypto markets during the landmark approval of spot Bitcoin ETFs. This Week’s Economic Events Monday is a holiday in the US for Martin Luther King Day,…
Crypto Analyst Dan Gambardello has spotted a “mega move” in Bitcoin’s price. In a recently uploaded video, Gambardello analyzed the recent Bitcoin rally, explaining its importance to the current market situation. He also identified a critical development in Cardano’s price, projecting how the altcoin’s price would unfold in the short term. Bitcoin MEGA MOVE Just Happened! Cardano Is Next! (CRITICAL 24 Hours)Intro 00:00Bull market doors 00:55Insane BTC week 2:15Next 24 hours are critical 3:00Pullback for Bitcoin price? 5:20Cardano weekly warning 6:15ADA is exactly on pace 8:00Cardano price short term 9:00 pic.twitter.com/QZX21f0yBG — Dan Gambardello (@cryptorecruitr) February 12, 2024 According to…
The Slovenian energy trading platform – SunContract – launched the first NFT marketplace for solar panels, enabling direct earnings or energy consumption from tokenized solar farms. The project leverages blockchain to democratize renewable energy access, allowing holders to manage their energy assets easily. According to a press release shared with CryptoPotato, the entity has introduced the world’s first non-fungible token marketplace for real-world solar panels. Users will be able to directly benefit from those panels by earning from them or for personal consumption at home or in their businesses. SunContract made the announcement during the Crypto Expo Europe conference held…