Author: NBTC
Alchemy Pay has unveiled Samsung Pay integration for its Virtual Card service, allowing users to make fast and secure payments using cryptocurrency. Alchemy Pay users can now connect their virtual crypto cards to Samsung Pay for seamless transactions online and in-store, according to a press release from Alchemy Pay. This update complements the existing Google Pay option, giving Alchemy Pay cardholders more flexibility in paying with cryptocurrency. For those unfamiliar with crypto payments, Alchemy Pay’s Virtual Card will allow users to spend their digital assets the same way they would with traditional money. By linking their card to Samsung Pay,…
FBS, a leading global broker, has released a new analysis exploring how anticipated U.S. interest rate adjustments could influence the cryptocurrency market, with a particular focus on Bitcoin. According to FBS analysts, the Federal Reserve’s monetary policies play a significant role in shaping market dynamics, including investor behavior toward digital assets. FBS analysts reference the 2020 period when the Federal Reserve’s decision to reduce rates contributed to Bitcoin’s 1600% surge. The report explains that with lower borrowing costs and less attractive traditional investments, many investors moved toward Bitcoin as a potential inflation hedge and higher-yield asset. Conversely, in periods of…
Today, enjoy the Forward Guidance newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Forward Guidance newsletter. SEC strikes again In an exciting start to the SEC’s 2024-2025 fiscal year, Singapore-based Crypto.com has been served a Wells notice, and, in response, filed a suit against the securities regulator. In its complaint, the exchange says the SEC is “unlawfully expanding its jurisdiction to cover secondary-market sales” of certain cryptocurrencies. These certain tokens are, according to Crypto.com: SOL, ADA, BNB, FIL, FLOW, ICP, ATOM, ALGO, NEAR and DASH. There are some familiar names here. In its…
Binance announced its 60th Launchpool project yesterday and stated that it is Scroll (SCR). As users begin to join Launchpool, whales have sprung into action, buying more than $110 million worth of BNB following the announcement. Whales Rushed to BNB! According to Lookonchain’s post, 4 whales took action immediately after Binance’s announcement and purchased a total of $112.4 million worth of BNB to use in Launchpool. “After Binance announced Scroll (SCR) as its new Launchpool project, 4 whales borrowed 195,500 BNB (worth $112.4 million) from Venus and deposited it into Binance to join Launchpool. 0x1e7f- Borrowed 65K BNB (worth $37.34…
Ethereum (ETH) has experienced a modest 1% price increase over the past 24 hours, reflecting the broader cryptocurrency market’s uptrend. This rebound comes after a week-long decline, largely attributed to political tensions in the Middle East. Although the rally offers temporary relief for ETH holders, BeInCrypto’s analysis indicates it may be short-lived. Weak on-chain demand and a persistent bearish sentiment surrounding the altcoin suggest that the recovery could struggle to maintain momentum. Ethereum Witnesses Poor Demand The negative readings from ETH’s price daily active address (DAA) divergence reflect the poor demand for the altcoin among market participants. This metric, which…
Blockchain infrastructure startup Layer has raised $6 million to create developer tools that support full-stack decentralized applications on Ethereum. Layer, a blockchain infrastructure startup, has raised $6 million in a seed round led by 1kx, with participation from Fabric Ventures, Arrington Capital, and Stake Capital Group. In a press release shared with crypto.news, the firm said it plans to use the proceeds to extend the capabilities of Ethereum by creating developer tools that support full-stack decentralized applications using Web Assembly. Founded by blockchain veterans Sam Cassatt, Jake Hartnell, and Ethan Frey, Layer’s platform is expected to enable developers to build…
John Deaton, a trial attorney and U.S. Marine veteran, has launched his campaign for Senator Elizabeth Warren’s seat in Massachusetts, citing her anti-crypto stance as a major factor. As tensions rise between the traditional finance sector, regulators, and the crypto industry ahead of the 2024 elections, Deaton is positioning himself as the pro-crypto alternative. In a Fox News interview, he criticized Warren for prioritizing banking interests over crypto investors, accusing her of stifling innovation in the digital assets space. In his campaign, Deaton argues that Warren’s policies allow traditional banking institutions to maintain control and discourage crypto adoption. Deaton, who…
Fuse is taking a bold step into the future of blockchain payments with the introduction of Charge, the first non-custodial merchant bank designed for Web3 businesses. Charge offers a wide range of payment solutions for both crypto and fiat, streamlining operations for businesses in the blockchain space.—With transaction fees as low as 0.5%, Charge is built to simplify payments, invoicing, and cross-border transactions. As the first non-custodial Web3 bank, it ensures businesses retain full control over their assets at all times.A Game-Changer for SMBsCharge is designed to support small and medium-sized businesses (SMBs), particularly those in crypto and e-commerce. It…
Bitcoin’s (BTC) sentiment appears to have turned bearish as analysts eye sub-$50,000 price targets, preparing for a crash. The leading cryptocurrency shows weakness at resistance, potentially making another lower high – continuing in a downtrend. Since reaching $73,800 and making a new all-time high (ATH) in March 2024, Bitcoin has clearly displayed a downtrend. In this context, Alan Santana, a reputable analyst, warned his followers to “prepare for a crash” down to $40,000. “Lower highs is a bearish signal. Bitcoin has also been printing lower lows. A lower high leads to a lower low in the bigger structure. This means…
Ethereum (ETH) currently trades approximately 11% below its local highs of around $2,730. Investors are optimistic about a potential price surge in the coming days, driven by encouraging on-chain data. Key metrics from Glassnode indicate a decline in ETH inflows into exchanges, suggesting that investors are holding onto their assets rather than selling. This trend typically points to increased accumulation and could foreshadow a bullish breakout. As the broader crypto market evolves, Ethereum investors remain vigilant, anticipating a bullish reclaim that could propel prices higher. The decrease in exchange inflows could signify that traders are positioning themselves for a potential…