Author: NBTC

Ethereum (ETH) finally broke past the $4,000 resistance after months of consolidation below the level, and on-chain metrics are signaling that the asset is poised to hit new record highs. Specifically, the second-ranked cryptocurrency by market capitalization is showing minimal resistance on the way up while maintaining strong support. To this end, ETH is facing modest resistance around $4,540, with the asset recording a strong demand zone at $3,560, offering a solid foundation for a possible price breakout, according to on-chain data sourced from IntoTheBlock as shared by cryptocurrency analyst Ali Martinez in a December 7 X post. “There is…

Leading digital asset manager VanEck has enabled staking options for its Solana exchange-traded note (ETN) in the European market. Matthew Sigel, VanEck’s Head of Digital Assets Research, announced the development today in a statement shared on X. According to Sigel, the staking rewards for VanEck’s Solana ETN (VSOL) will accrue and be re-invested daily. The rewards will automatically reflect in the product’s daily net asset value (NAV). Investors will benefit from the recently launched feature without having to manage the process themselves. Sigel emphasized that the company will manage the Solana ETP’s staking exposure to maintain daily liquidity. 🚨VanEck EU…

DZ Bank partners with Westerwald Bank to launch crypto wallets and trading services for retail customers. German banks embrace crypto, with DZ Bank and Commerzbank expanding services to meet rising digital asset demand. Germany’s DZ Bank has partnered with Westerwald Bank to launch crypto wallets and trading services. This signals the start of a bigger project under DZ Bank to provide digital asset solutions to around 737 community banks. The cooperation seeks to provide retail consumers with a safe and regulated infrastructure allowing access to cryptos, including Ethereum and Bitcoin. Already underway is the first phase of the rollout, when…

MicroStrategy co-founder Michael Saylor has jokingly stated that the only thing that is better than Bitcoin is actually more Bitcoin. To support his point, he attached a chart showcasing the performance of MicroStrategy (MSTR) shares since the company’s adoption of its Bitcoin strategy. The business intelligence firm has vastly outperformed the “Magnificent 7” companies including such big names as Apple, Alphabet, Microsoft, Nvidia, and Tesla. Its shares have surged by a whopping 1,620%, outstripping every S&P 500 company. The closely-followed index is up 73% over the same period of time. As reported by U.Today, the shares of MicroStrategy soared by…

Ethereum (ETH) has surged past the $4,000 mark for the first time since March, buoyed by record-breaking ETF inflows, rising institutional interest, and a growing shift in investor sentiment favoring Ethereum over Bitcoin (BTC). The cryptocurrency’s recent rally has reignited discussions of an impending “altcoin season” as bullish sentiment gains momentum. Starting the year at just $2,356, Ethereum has rallied over 74% year-to-date, positioning itself as a standout performer in the digital asset space. As of press time, ETH is trading at $4,001, with a 24-hour drop of 0.78%. Ethereum outshines Bitcoin post-elections Since the U.S. elections, Ethereum has gained…

Socios, the company behind the popular fan token CHZ Coin, has just secured a strategic partnership with Paris Saint-Germain (PSG). This collaboration marks a significant step forward in enhancing fan engagement through innovative blockchain technology. The agreement designates Socios as PSG’s “Official Branded Cryptocurrency Partner” and aims to strengthen the interaction between the club and its supporters. Contents hide 1 What Does This Partnership Entail? 2 How Will This Impact PSG’s Operations? What Does This Partnership Entail? The partnership allows PSG to develop its fan token, providing fans with a platform to participate in club-related polls via the Socios app.…

David Schwartz, chief technology officer at Ripple, recently took aim at self-proclaimed Satoshi Craig Wright, arguing that the need to address the Bitcoin creator’s statements on the purpose of the original cryptocurrency is “delusionary nonsense.” In a recent social media post, Wright stated that Bitcoin Core developers are supposed to prove how Bitcoin can be considered the same as the original cryptocurrency proposed by Satoshi. “Their arguments must align perfectly with these documented intentions. It is not enough to show a slight alignment or vague similarities; they need to demonstrate that every change in BTC is in exact harmony with…

A major Ethereum whale has completed a significant transaction, depositing its remaining 60,079 ETH, valued at $234 million, into Bitfinex. The move comes nearly six years after the whale withdrew 87,085 ETH from the exchange at an average price of $153 per token, a transaction valued at $13.4 million in January 2019. According to on-chain data, the whale executed highly profitable transactions during its holding period. After the initial withdrawal in 2019, the whale reportedly sent 600 ETH to Tornado Cash in 2020 before redepositing 86,484 ETH back to Bitfinex in two phases—26,406 ETH in November 2023 and 60,079 ETH…

In a significant development, MetaMask users may now easily access XRP Ledger with a single click. In a new tweet, Peersyst, a Ripple partner developing the XRP Ledger EVM sidechain, announced the launch of XRP Ledger Snap for MetaMask. MetaMask Snaps are modular extensions that allow developers to expand the functionality of the MetaMask wallet. 📢 We are excited to announce the launch of the #XRPLedger Snap for @MetaMask! 🦊Today, 30 million monthly active users of #Metamask are now just one click away from having an account on the #XRP Ledger, creating a unique opportunity for the adoption and management…

According to CryptoQuant CEO Ki Young Ju, Bitcoin’s Google search volume has now hit another yearly low. As reported by U.Today, the leading cryptocurrency is now on track to record its longest cycle of sideways trading during a halving year. After hitting its current all-time high of roughly $74,000 in March, the leading cryptocurrency has so far failed to stage another significant rally. The Bitcoin halving event, which took place in April, managed to attract a great deal of search interest, surpassing the previous peak for this term that was recorded in May 2020. Since then, however, Bitcoin has not…