Author: NBTC
After the rise seen in the price of Bitcoin this week, investors are wondering whether the upward trend will continue. BTC is currently trading above $52,000 with an approximately 2% increase in the last 24 hours. The 24-hour trading volume has exceeded $40 billion. While the upward movement in Bitcoin continues, prominent crypto analysts are sharing their predictions. In a recent analysis, Titan of Crypto shared predictions for Bitcoin in a post on X, beginning with ‘$55,400 could be next!’ #Bitcoin $55,400 could be next ! 💥🚀As I’ve been asked a lot what is next for #BTC in the comments.…
Blast, the recently announced layer 2 blockchain set up by the developers of non-fungible token (NFT) platform Blur, has surpassed $1.1 billion in deposits, attracted by an airdrop promised for May even though the platform is not due to go live until February. Speculators, unperturbed by the controversial one-way bridge to Blast, have deposited $1 billion worth of staked ether (stETH) and $103 million worth of the dai (DAI) stablecoin since the website went live last month, according to DefiLlama. In return, depositors receive a yield of around 5% on their staked assets as well as “Blast Points,” which can…
Mocaverse NFT has grown by 563% in the last 3 months. A lot of the growth is credited to the value that Animoca Brands brings to the table. Mocaverse is a part of the NFT collection that comprises 8,888 NFTs. Holders of the said NFT are from different backgrounds. This includes Yat Siu, Wale.moca, and Father.moca. It should not come as a surprise if the value keeps skyrocketing in the days to come. Other milestones that Mocaverse NFT has accomplished in recent times pertain to raising $20 million in September last year and fueling an additional $11.88 million in the…
Ethereum price is again moving lower from the $2,325 resistance. ETH could decline heavily if there is a move below the $2,270 support zone. Ethereum is showing a few bearish signs from the $2,325 zone. The price is trading below $2,300 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $2,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair might start a fresh increase if it manages to clear the $2,325 resistance zone. Ethereum Price Struggles Below $2,325 Ethereum price attempted a fresh increase above the $2,300 level.…
Hong Kong’s Securities and Futures Commission (SFC) issued a notice today (Monday) urging virtual asset investors to invest only through licensed exchanges. The notice came before the February 29 deadline, when all crypto exchanges in Hong Kong must obtain or apply for a virtual asset trading platform (VATP) license. The notice further highlighted that if virtual asset investors are “not certain about the regulatory status” of the exchange platform they are using, they should check the regulator’s list of virtual asset trading platforms. “Investors should check whether a VATP is on the ‘List of licensed virtual asset trading platforms’ or…
In a recent development within the Shiba Inu ecosystem, Shibarium, the blockchain solution, witnessed unprecedented activity, with the BONE token experiencing an astonishing surge. According to data from Shibariumscan, the number of new BONE token transfers skyrocketed from 415 to a staggering 33,775 within the last 24 hours, marking an extraordinary increase of 8,140%. BONE holds a unique position among Shiba Inu tokens as the native asset of Shibarium, serving essential functions such as facilitating transactions within the network by paying for gas and enabling validators’ participation. However, this surge in BONE’s transfer activity stands as an anomaly within the…
Discover the latest 2023 defi trends. Explore breakthroughs and developments that shaped the landscape of decentralized finance this year. Decentralized finance, more commonly called defi, has gained prominence in crypto in the last few years. It came from a need to change the way traditional financial systems worked, making them more open, unrestricted, and inclusive. Throughout 2023, despite a few hiccups, defi made several strides, introducing decentralized fintech solutions across numerous financial services. The demand surge is such that analysts project the worldwide defi market will hit $239.19 billion by 2030, a significant leap from $13.61 billion in 2022. Let…
Terra (LUNA) has issued an important notice regarding non-fungible token (NFT) projects that are built on its network. The notice, which was posted by the official Terra X handle, alerts NFT projects to a new era launching on the Terra network. As stated in the announcement, interchain NFTs are coming to Cosmos, powered by cross-chain NFT platform Ark Protocol. Terra would likewise stand to benefit from this new era of InterChain NFTs. 📢 Attention Terra NFT projectsInterchain NFTs are coming to Cosmos, powered by Ark Protocol. If you’d like a chance for your collection to be included in Ark Protocol’s…
Two notable crypto analysts have highlighted several points on Ethereum’s onboarding funnel, making a prediction that the price of Ethereum (ETH) will experience positive momentum this year. Amidst diverse speculative price fluctuations for Ethereum, there is potential approval on the horizon for the spot Ethereum exchange-traded fund (ETF) before the midpoint of this year. These Ethereum Features Could Bolster Price In a recent post on X (formerly Twitter), Vance Spencer, co-founder of the crypto venture firm Framework Ventures, asserted that the layer-2 solutions integrated into the Ethereum platform will make it challenging for other blockchains to compete this year. “Going…
Jio Financial Services Ltd (JFS) experienced a significant surge in stock prices, climbing 8.53% during Monday’s trading session on BSE. This uptick in market performance comes on the heels of a media revelation hinting at a possible acquisition of One 97 Communications Ltd’s (Paytm) wallet business by JFS and HDFC Bank. The news propelled JFS shares to a new high of Rs 275.40, marking a notable milestone for the financial services entity spun off from Reliance Industries. Paytm share nosedive Conversely, Paytm’s shares faced a downturn, hitting a 10% lower circuit limit, and witnessing a 43% decline over three trading…