Author: NBTC

Ethereum has displayed bearish signals after breaking below its 100-day moving average, underscoring increased selling activity. However, the 200-day MA, acting as the buyers’ last defense, still holds, offering hope for a potential rebound. Technical Analysis By Shayan The Daily Chart ETH recently broke below the significant 100-day MA at $3.1K, signaling the sellers’ growing dominance. This breakdown points to a potential test of the $3K support region, a critical juncture aligned with the 200-day MA. Currently, Ethereum is finding temporary support at this level, with a modest bullish reversal hinting at demand from buyers. The 200-day MA serves as…

IOTA is reported to be powering TWIN’s Virtual Watch Tower (VWT), which aims to decentralize access to primary data via a VWTnet project. Meanwhile, TWIN was recently lauded by the former prime minister of the UK, Sir Tony Blair, for presenting a cheaper and simpler way for Africans to execute international trade. In its latest report, IOTA (IOTA) highlighted the key transformations of the Trade Worldwide Information Network (TWIN) in the supply chain and logistics sector. According to the report, this initiative is powering Virtual Watch Tower (VWT) with its secure and decentralized data sharing to solve the inefficiency challenges…

In a recent live video, John Deaton, the founder and host of Crypto Law, called for the SEC to release the highly anticipated report on the controversial 2018 speech by former SEC official William Hinman. The speech, which gave Ethereum a regulatory pass, has raised serious concerns about potential conflicts of interest within the SEC. What’s the Issue? Empower Oversight, an independent watchdog group, had asked the Office of the Inspector General (OIG) to investigate possible conflicts of interest related to Hinman’s speech. The investigation has been completed, and the report has been sent to SEC Chairman Gary Gensler. However,…

Bitbase, a Spain-based crypto ATM company, is ready to grow its network in Argentina, taking advantage of the rising popularity of these assets in the country. The company opened its first Argentine location last year and hopes to keep expanding its operations in 2025. Bitbase Expands Crypto ATM Network, Aims to Lead Industry in Argentina The economic revival of Argentina and its investment-friendly policies are taking crypto companies to enter the country. Bitbase, a crypto ATM operator, announced opening new locations with ATMs in several cities this year. The Spain-based firm, which has over 130 ATMs worldwide and over 4…

This is a segment from the Empire newsletter. To read full editions, subscribe. You’ve probably heard by now that ETH is a cursed asset. Doomed. Maybe you’ve read tweets that say Ethereum is destined to go the way of Intel — a stock that has collapsed in value by two-thirds over the past five years while competitors (Nvidia and AMD) have thrived by comparison. It’s a take that only works if you focus solely on price and ignore how much activity persists on Ethereum and its surrounding web of layer-2s and layer-3s. Ether has only gained 30% in the past…

The cryptocurrency community has witnessed significant activity surrounding the meme token $BULLY in the past two days. Two wallets, suspected to be under the same ownership, executed a massive buying spree, spending a staggering $2.42 million in USDC to acquire 10.47 million $BULLY tokens. Despite this high-level accumulation, the investor(s) currently face an unrealized loss of approximately $428,000 due to market fluctuations. Crazy buying of $BULLY!2 wallets(probably belonging to the same person) spent 2.42M $USDC to buy 10.47M $BULLY at an average price of $0.23 in the past 2 days, with a loss of $428K currently.https://t.co/GJ2S6jTuwVhttps://t.co/pqp0pisusq pic.twitter.com/3hSF4G3aZz — Lookonchain (@lookonchain)…

A federal grand jury for the Eastern District of Washington has charged Francier Obando Pinillo, a 51-year-old pastor, with 26 counts of fraud relating to a crypto scam. Vanessa Ruth Waldref, a U.S. attorney for the Eastern District, first disclosed the development last year, announcing that the federal grand jury had returned its indictment against Pinillo. Afterward, the authorities arraigned the pastor at a federal court in Washington yesterday. Indictment Against Pastor Pinillo Notably, the indictment accused Pinillio of orchestrating a crypto-related scam for two years, from November 2021 to October 2023. Pinillio allegedly defrauded his church members of millions…

Leading altcoin Ethereum (ETH) has traded below $3,500 for seven days, mirroring a broader bearish sentiment across the cryptocurrency market. Since it recorded an intraday high of $3,744 on January 6, the coin’s value has plummeted by 13%. However, despite this price dip, key on-chain metrics suggest that Ethereum holders remain optimistic about the altcoin’s near-term prospects. Ethereum Traders Remain Resilient One such indicator is ETH’s rising estimated leverage ratio (ELR). Per CryptoQuant, this metric has maintained an upward trend despite ETH’s price decline in recent weeks. At 0.60 as of press time, ETH’s Estimated Leverage Ratio (ELR) has increased…

Dog-themed cryptocurrency Dogecoin (DOGE) has recently seen a flurry of activity, with three massive transactions totaling 1.1 billion DOGE between unknown wallets occurring in a very short period. Blockchain data tracker Whale Alert has reported three massive transactions totaling 1.1 billion DOGE occurring within a single hour. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 500,000,000 #DOGE (202,294,187 USD) transferred from unknown wallet to unknown wallethttps://t.co/ptPuiBe8ax — Whale Alert (@whale_alert) November 29, 2024 The transfers included two transactions of 300 million DOGE each and a third involving a staggering 500 million DOGE. Together, these transactions are worth over $445…

A Florida man has pleaded guilty in federal court on Thursday to charges of kidnapping and conspiracy related to a Bitcoin heist investigation. The case involved the abduction of a couple in Danbury, Connecticut. Meanwhile, it has drawn national attention due to its potential connection to a $240 million crypto heist. The defendant, Michael Rivas, was one of six suspects involved in what authorities described as a failed ransom plot targeting the couple’s son. During Thursday’s court proceedings, he admitted his involvement in the plot, which he claimed stemmed from a co-defendant’s vendetta. The sentencing guidelines agreed upon by both…