Author: NBTC

As the Bitcoin price draws closer to $68,000, on-chain indicators show that some favorable fundamentals are working in its favor. Bitcoin reserves on exchanges had reached an all-time low of under 2.7 million BTC, down from over 3.3 million nearly three years prior, according to CryptoQuant data. But first, a few caveats about the data. It only goes back to mid-October 2021, so it is unclear how long ago Bitcoin reserves were at the level they are now. And the latest metric available is from mid-September. CoinMarketCap research lead Alice Liu explained to Decrypt that it is a delayed target=”_blank”>fall…

While Bitcoin (BTC) has reached new all-time highs this month, the Ethereum price has failed to experience a significant rally, befitting its position as the second-largest cryptocurrency by market capitalization. However, a crypto analyst suggests that this bearish price action could soon end, as Ethereum (ETH) appears to be repeating its breakout pattern from the 2017 to 2018 cycle. Based on this analysis, the ETH price could be on track to hit a remarkable new price target above $20,000. Ethereum Price Eyes New Target Above $20,000 Mr Tycoon, a TradingView analyst, has shared his intense bullish outlook for the Ethereum…

Partior, a blockchain payment network backed by TradFi giants including JPMorgan (JPM), DBS (D05), and Standard Chartered (STAN), added Deutsche Bank (DBK) to its list of investors, the company said in a press release Wednesday. The German bank joined Partior’s Series B funding round as a strategic investor, taking the total raised by the payments firm in the round to $80 million, the Singapore-based company said. Adoption of blockchain technology by traditional finance firms is growing. Last week, payments giant Mastercard said it was linking up with JPMorgan for cross-border payments on the blockchain. Deutsche Bank will also join Partior’s…

Kaal Dhairya, a notable Shiba Inu developer, has responded to the ongoing trend of FUD directed at Ethereum founder Vitalik Buterin, expressing admiration. Dhairya noted that whenever he sees Buterin facing FUD narratives, the concerns and challenges he battles with Shiba Inu become insignificant in comparison. He expressed this perspective as Buterin clarified repeated queries from community members regarding concerns about him and the Ethereum Foundation continuously selling ETH tokens on the open market. Vitalik Buterin and Ethereum Foundation Sales of ETH On October 15, the Ethereum Foundation sold 100 ETH tokens worth $258,000, which aligns with a consistent trend…

As has just been revealed, the U.S. branch of one of the largest and oldest cryptocurrency exchanges, Bitstamp, will flood the now popular Solana (SOL) and Pepe Coin (PEPE). The listing became known from the official X account of the exchange. According to the announcement, PEPE and SOL will receive trading pairs to currencies such as the dollar and euro. Interestingly, despite the fact that Bitstamp is one of the oldest exchanges, such mastodons of the crypto market were listed only now. Thus, Solana token is currently the third largest cryptocurrency, if we exclude from this ranking stablecoin USDT from…

Some bitcoin traders were spooked as Tesla on Wednesday moved its BTC stash for the first time in over two years. So far, though, none of the bitcoins have apparently made it to exchange wallets or were swapped for stablecoins. Here’s some reasons why companies may move their digital assets. Elon Musk-controlled Tesla (TSLA) created ripples earlier this week as it moved over $750 million worth of bitcoin (BTC) to new wallets after nearly two years of the stash being untouched. The action sparked conversation around Tesla’s/Musk’s intentions and concerns of further selling pressure. The electric carmaker as of the…

Bybit, in collaboration with Blocks Scholes, released its latest weekly derivatives analytics report, revealing that Ethereum (ETH) has recently surpassed Bitcoin (BTC) in key trading metrics. According to CoinMarketCap, Ethereum is among the top gainers in the cryptocurrency market. This surge in ETH’s performance is attributed to news regarding US SEC Chair Gary Gensler’s upcoming departure at the end of the Biden administration’s term. Investors are optimistic about a potentially more crypto-friendly SEC Chair after Gensler’s exit on January 20, 2025. The report highlights that ETH has outperformed BTC in open interest. Data shows a decline in open interest for…

The broader digital currency ecosystem is a major hotspot, and Charles Schwab is set to jump on the bandwagon. According to a spokesperson for the $7.13 trillion asset management firm, it is ready to commence crypto trading as soon as regulatory clarity is secured. Charles Schwab difference Many asset management firms are starting to offer crypto to their clients. As shared in a scoop spotlighted by ETF Store President Nate Geraci, some of Schwab’s clients are beginning to demand crypto-related products. While the firm has yet to give an official update on its move for crypto, the spokesperson confirmed that…

Cryptocurrency analytics firm Santiment has published a list of ERC-20 altcoins that crypto developers have focused on the most over the past 30 days. Analysts obtained the data by examining the Github code changes of open-source cryptocurrency projects. Here are the ERC-20 altcoins and developer scores that developers have focused on the most in the last month, according to Santiment: Chainlink (LINK) – 649 Ethereum (ETH) – 342 Status (SNT) – 270 sUSD (SUSD) – 257 Synthetix (SNX) – 257 Decentraland (MANA) – 173 Lido DAO Token (LDO) – LDO Phantom (FTM) – 121 Audius (AUDIO) – 113 Injective (INJ)…

The Solana blockchain community has voiced concerns about Coinbase, citing prolonged transaction delays for the network. On social media platform X, screenshots shared by several Solana users revealed that transactions on the blockchain took up to 45 minutes to process. This delay was significantly longer than that of networks like Base, Algorand, Arbitrum, and Avalanche. In response, Coinbase’s support attributed the delays to wallet maintenance or blockchain issues, implying that Solana’s infrastructure was the root cause. This explanation sparked frustration within the crypto community, with some members accusing Coinbase of downplaying Solana’s capabilities in favor of its Base network. Solana…