Author: NBTC

Bitcoin (BTC) continues to exhibit bullish sentiment, maintaining its position above the $50,000 mark as the market anticipates a possible push toward a new record high. Despite the optimistic market conditions, uncertainty over the digital asset’s next move still looms. In this line, cryptocurrency trading expert Gareth Soloway, during an interview with David Lin published on February 18, suggested that Bitcoin can potentially experience a drop, drawing parallels with the stock market. According to Soloway, amid the bullish conditions, Bitcoin could retest the $30,000 mark if the stock market undergoes a correction ranging between 20% to 30%. He considers this…

In a recent statement, Ripple Chief Technology Officer (CTO) David Schwartz strongly denied allegations that Ripple is manipulating the price of XRP through programmatic sales. Schwartz said the following regarding the issue in his statement: “I do not believe our scheduled XRP sales manipulate the price in any way. “I am confident that we have made every effort to minimize the price impact of our scheduled sales.” Schwartz flatly denied these accusations and said that Ripple stopped scheduled XRP sales starting from the first quarter of 2023 and that this was explained in detail in Ripple’s 1st Quarter 2023 XRP…

The decentralized finance (defi) total value locked (TVL) has been constantly rising since the start of the month and is getting close to the $70 billion mark. According to data provided by Defi Llama, the global defi TVL recorded a 22% surge over the past two weeks and is currently standing at $68.99 billion. On Feb. 13, the TVL reached a 20-month high of $69.35 billion — a level last seen in mid-June 2022. Defi TVL – Feb. 14 | Source: Defi Llama Per the data aggregator, there are currently 40 defi protocols with a TVL of over $500 million…

This Valentines Day, buy your lover a rock. That may just be the marketing angle legendary auction house Sotheby’s is hoping to play up for tomorrow, Feb. 14, when it will begin a sealed auction of EtherRock NFTs. According to the auction page, the EtherRock collection is a “pivotal” part of NFT history. There’s certainly a case to be made: Launched in 2017 shortly after CryptoPunks, but before the ERC-1155 and ERC-721 token standards (which today support most Ethereum-based NFTs) were around, EtherRocks have remained part of the digital art conversation since they became popular during the last bull market.…

Ethereum (ETH) is showcasing a major uptick in several aspects of its network, pushing a revival in its price action. Ethereum is changing hands for $2,825.07, up by 0.88% in 24 hours and by more than 14% in the past week. The Ethereum story is closely related to the Bitcoin resurgence, as both coins are seeing their best price levels since at least early 2022. Combating visible resistance With the resurgence, there is now a general assumption that the price of Ethereum may be on its way toward the $3,500 price mark. One problem lies in this massive projection, and…

Jupiter Asset Management (JUN) is withdrawing its investment in one of its exchange-traded cryptocurrency products (ETPs). JUN, a London-listed firm with more than $65.8 billion in assets under management, has pulled out of the investment due to compliance issues, the Financial Times (FT) reported. Jupiter Gold & Silver fund invested $2.58 million in the Ripple (XRP) 21Shares ETP in the first half of 2023. However, the investment was flagged by the company’s regular oversight process and was later canceled at a loss of $834. You might also like: Galaxy Digital targets Europe for crypto expansion The FT cites differences in…

With bitcoin’s value rising past the $51,000 mark, numerous long-dormant bitcoin hoards have begun to mobilize unspent transaction outputs (UTXOs) that have remained untouched for an extended period. Although instances involving ‘sleeping bitcoins’ from the years 2009, 2010, and 2011 are considerably scarce, there’s been a noticeable resurgence of older coin batches from 2012, 2013, 2014, and 2016 making unexpected appearances. Old Stashes of Bitcoin Come Alive in 2024’s Thriving Market As bitcoin (BTC) floats at levels not observed since the tail end of 2021, the past three days have seen the movement of 452.25 BTC from the past, now…

Following the significant rise of Bitcoin in the cryptocurrency market, but stopping at the $ 53,000 mark, large amounts of token lock openings will be held in many altcoins in the new week. Here is the weekly token lock opening calendar that we have prepared specially for you as Bitcoinsistemi.com. (All times are stated in UTC+3 Türkiye time) Aurora (AURORA) Market Value: $116.12 million Value of Unlocked Tokens: $4.65 million (4.00% of Market Cap) Date: 19 February 2024, 03:00 BENQI (QI) Market Value: $77.45 million Value of Unlocked Tokens: $1.97 million (2.55% of Market Cap) Date: 19 February 2024, 03:00…

In a partnership with Morpho Blue and Backed, PYUSD, PayPal’s regulated USD stablecoin issued by Paxos, will offer users access to DeFi yield through Backed’s tokenized real-world assets (RWAs). This integration signifies a significant advancement in PYUSD’s utility within the DeFi space. Through the collaboration, PYUSD holders can now explore opportunities for yield generation in the decentralized finance ecosystem on Morpho Blue. PYUSD’s Backed integration PYUSD has quickly established itself as a contender among stablecoins since its launch a few months ago. Now, with its integration into Morpho Blue, a leading decentralized lending protocol, PYUSD holders can leverage their assets…

The Glenlivet, a celebrated distillery in Speyside in northeastern Scotland, has launched a 50-year-old whiskey collection to commemorate its 200th anniversary. Additives to this pristine liquor, however, include blockchain technology via NFTs and utilizes generative AI for label design—checking all the hype boxes from the last few years. The collection, titled “The Twelve Elements,” pays homage to the twelve essential components that shape Glenlivet’s renowned single-malt whiskey. Cask expert Kevin Balmforth explained that the whiskeys composing the collection are among the brand’s oldest official releases. Balmforth also pitches the release as innovative, highlighting the distillery’s embrace of technology while honoring…