Author: NBTC
In the last few days, the price of Ethereum has dropped to just over $2,300. This is a decline that already started at the end of September and is continuing in these first days of October. The decline in the price of Ethereum (ETH): is there still room for a drop? The causes of the recent drop in the price of Ethereum (ETH) The large sales The competition The bull run The decline in the price of Ethereum (ETH): is there still room for a drop? On September 27, the price of ETH was about $2,700. Even then it was…
BRETT leads meme coin recovery, showing strong investor confidence. BRETT’s impressive growth places it in the top 5 gainers on CoinMarketCap. The major crypto markets have been attempting to recover after seeing considerable selling pressure in recent days. Meme coins appear to be leading the recovery, with some of them experiencing double-digit percentage gains. Among them, BRETT stands out the most. BRETT Leads the Meme Coin Recovery with Significant Gains BRETT experienced green movement alone during the early hours of the crypto market comeback, while other well-known meme coins such as WIF, DOGE, SHIB, and MEW remained in the red.…
There’s an old saying that the United States innovates and Europe regulates. While Europe’s tendency to regulate may cost it in some areas, having clear regulations may finally give it an advantage when it comes to the burgeoning blockchain and digital currency industries. According to the Deputy Governor of the Central Bank of Ireland, Derville Rowland, the clarity the EU’s MiCA regulations provide will enable her country to stay at the forefront of “safe innovation.” Rowland said she had two priorities regarding MiCA implementation: to work with other member states and relevant authorities to ensure coordination and consistency and to…
Traders seeking to divine Bitcoin’s next major price swing need look no further than the derivatives market, specifically options contracts. That’s according to Nick Forster, founder of DeFi derivatives protocol, Derive, who told Decrypt on Monday that the options market is beginning to see “reflexivity season kick in.” Reflexivity refers to the idea that market participants’ actions and expectations influence asset prices, and in turn, changing prices affect participants’ behavior, creating a feedback loop. The founder pointed to the 30-day call/put skew for Bitcoin options contracts as continuing to “track higher,” meaning traders are betting heavily on upside volatility and…
VeSwap and GreenCart’s partnership enhances VeChain’s ecosystem with sustainable finance, combining DeFi and eco-friendly rewards. This collaboration supports a greener future, benefiting VeChain users with rewarding and environmentally friendly financial practices. Following VeSwap and VeStation’s strategic partnership we previously discussed, VeSwap has announced an exciting partnership with GreenCart, aimed at enhancing the VeChain ecosystem by championing sustainable assets and promoting eco-friendly finance practices. According to the tweet announcement on the X account of VeSwap – VeFi Engine, this collaboration will leverage VeSwap’s leading DeFi capabilities and GreenCart’s innovative sustainable shopping rewards, creating a synergy that fosters a thriving and sustainable…
Starling, the online bank that previously banned all crypto-related transactions, has been fined £29 million ($38.5 million) by the UK’s Financial Conduct Authority (FCA) for its “shockingly lax” sanction controls. Starling banned crypto transactions in 2022, describing them as “high risk and heavily used for criminal purposes.” However, the FCA found today that Starling left the financial system “wide open to criminals and those subject to sanctions.” In 2021, the watchdog raised “serious concerns” with Starling’s anti-money laundering and sanctions framework and the bank agreed not to open accounts for high-risk customers until it addressed these issues. But despite this,…
Bitcoin price gained pace above the $63,500 resistance. BTC tested the $64,800 zone and is currently correcting gains. Bitcoin is correcting gains from the $64,800 zone. The price is trading below $63,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $63,240 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend losses if it breaks the $62,450 support zone. Bitcoin Price Starts Pullback Bitcoin price extended its increase above the $63,500 level. BTC was able to clear the $63,800 and $64,200 resistance levels to…
An Ethereum ICO whale has extended his selling spree to two weeks after offloading 19,000 ETH in the past two days. In this Ethereum news today, an Ethereum ICO participant has continued to massively dump his Ether bag after awakening from a two-year dormancy a few weeks back. Data from on-chain analytics firm Lookonchain shows that the whale has dumped 19,000 ETH, worth $47.54 million, in the past two days. Notably, during the Ethereum initial coin offering in 2015, the wallet received 150,000 ETH at the cost of $0.31 per coin in the Genesis block. Interestingly, the value of the…
Injective processed over $200 million in 24 hours, marking a significant milestone. Injective Altaris brings enhanced scalability and advanced smart contract capabilities. In a tweet, Injective recently announced that it had handled more than $200 million across its native DEXs in the last 24 hours. This milestone is one of the busiest days in Injective’s history, demonstrating the increased acceptance and activity in its ecosystem. INJ, Injective’s native token, also showed positive momentum when the cryptocurrency market recovered overall. At the time of writing, INJ was trading about $16.50, up about 6.38% over the last 24 hours. Injective Altaris: Transforming…
With a month to go before the U.S. election, prediction market Kalshi just got cleared to resume listing its contracts on which party will control each house of Congress. On Tuesday, the U.S. Court of Appeals for the District of Columbia denied a motion by the Commodity Futures Trading Commission to halt the contracts pending the agency’s appeal of the case it lost to Kalshi in a lower court last month. “The Commission has failed to demonstrate that it or the public will suffer irreparable injury absent a stay pending appeal, and therefore its motion for a stay is denied…