Author: NBTC
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…
TRON unveiled a revolutionary Bitcoin Layer 2 solution today. The protocol, which leads the stablecoin market and decentralized finance (DeFi), has advanced greatly. With a $55 billion stablecoin market and $22 billion DeFi Total Value Locked (TVL), TRON’s Bitcoin Layer 2 technology hopes to revolutionize blockchain technology. With this initiative, TRON aims to improve the cryptocurrency environment and expand decentralized financial applications. #TRON Announces Its Bitcoin Layer 2 Solution and Road MapToday is a significant day for #TRON.Let’s make #Bitcoin fun again!As the protocol behind the world’s largest stablecoin market, boasting $55 billion, and the decentralized finance Total Value Locked…
Spot Bitcoin ETFs have gained tremendous inflows in the past week. Since the inflows of Bitcoin ETFs have climbed to an all-time high, they have emerged as a close rival to other ETFs that were originally a market heavyweight. According to a Bloomberg report, Bitcoin ETFs are overshadowing the ProShares Bitcoin futures ETF. ProShares Bitcoin futures ETF snubbed in popularity Prior until recently, the leading exchange-traded fund associated with cryptocurrencies was the $2 billion ProShares Bitcoin Strategy portfolio. The competition from rival funds has made the futures-based ETF’s outlook more complex. According to Bloomberg, since their US debut on January…
In a significant move that is poised to reshape the landscape of decentralized finance (DeFi), PLEXUS has officially announced its strategic integration with Orbit Bridge. Oribit Chain is a cutting-edge cross-chain interoperability platform. This collaboration marks a pivotal moment for PLEXUS as it continues to push the boundaries of innovation and user-centric solutions in the DeFi space. 🚀 Exciting News!🌐 PLEXUS is now integrated with Orbit Bridge, enhancing cross-chain liquidity! 💧 Seamless transfers, expanded assets, and a thriving ecosystem await. 🌈Stay tuned for updates as we elevate your DeFi experience. To the future of decentralized finance! 🚀… pic.twitter.com/BmI5DQWnim — PLEXUS…