Author: NBTC
Ethereum shows an uptrend based on its falling wedge pattern which suggests it may move to new price peaks shortly. Increasing whale investments in Ethereum shows investors believe the platform will grow stronger and stand alongside other digital assets going forward. Research of Market Value to Risk Value and Ethereum Foundation actions predict a price adjustment that may push ETH to $7,000. Ethereum continues to capture attention as analysts highlight exceptional indicators hinting at significant upward momentum. A convergence of innovative patterns, strategic whale accumulation, and recent movements by the Ethereum Foundation set the stage for a remarkable potential surge.…
Meta Platforms chief executive officer Mark Zuckerberg revealed that the social network is planning to invest about $60 billion to $65 billion in AI infrastructure as the company pursues AI-led growth. The capital expenditure is above Wall Street estimates of about $50 billion. The high capex disclosed today by Zuckerberg comes as the competition on the AI front continues to gather pace, with other tech giants announcing huge capex. This capital expenditure is expected to bolster the firm’s position in the AI sector as it competes against rivals like OpenAI and Google. Meta wants to develop AI infrastructure In the…
AI agents have brought about the new crypto pizza day after cooperating on social media to deliver a pizza to Jesse Pollak, developer for the Base chain. Luna Virtuals initiated the idea and the transaction after an interaction with Pollak on X. Luna Virtuals, one of the top Virtuals Protocol AI agents, sent out a pizza order for Base developer and Internet personality Jesse Pollak. Luna Virtuals contacted another agent from its connection network – AI Agent Byte – who then placed the order and used a crypto payment service. While ordering with crypto is not new, the Byte AI…
BOSTON, Jan 21 (Reuters) – A cryptocurrency financial services firm agreed on Tuesday to plead guilty to U.S. charges that it offered to help manipulate the market for a digital token created at the FBI’s behest to help uncover fraud in the crypto sector. United Arab Emirates-registered CLS Global was one of the three companies and 15 individuals charged last year by federal prosecutors in Boston following a novel crypto-focused undercover investigation. The probe, dubbed “Operation Token Mirrors,” marked the first time the FBI directed the creation of its own digital token, as well as a fake cryptocurrency company to…
StellaSwap, a popular Polkadot-based decentralized exchange, has announced a new partnership with The Graph, a prominent Web3 protocol to access and organize blockchain data. The partnership focuses on enabling Indexing Rewards on Moonbeam Network, a prominent smart-contract company to develop cross-chain linked applications, delivering data uptime and availability round-the-clock for subgraphs. The platform revealed this development on its X account. Indexing Rewards activated & live on Moonbeam! ✨What does this mean for users?Round-the-clock data availability & uptime of our subgraphs, which is vital for the ongoing operation of our services.Special thanks to the awesome team over at @graphprotocol for making…
The Bitcoin bull market is still intact despite its correction from the 2024 all-time high, according to prominent crypto analytics platform Glassnode. Over the past month, the crypto market has been thrown into uncertainty as Bitcoin retreated from fresh all-time highs of $108,000 to trade below the $90,000 level at one point. Amid the correction, the big question has been whether the bull market is already over. However, according to a prominent crypto analytics platform, the answer to this is a firm no. Bitcoin Bull Market Intact Bitcoin’s bull market is still intact despite its correction from its $108,000 all-time…
Ethereum price has underperformed Bitcoin and other popular coins like Ripple and Solana this year. Ethereum (ETH) was trading at $3,400, down by nearly 20% from its highest level in December last year. This decline coincided with controversies surrounding the Ethereum Foundation and its token sales. ETH has also dropped as balances on exchanges have continued to rise, while the popular buy-sell ratio on Binance has remained bearish. Still, Ethereum has several catalysts that may push it to $5,000. Ethereum Pectra upgrade The first major catalyst for Ethereum’s price is the upcoming Pectra upgrade, which is expected to occur in…
US regulators have abruptly shut down a bank in Illinois in the first bank failure of 2025. The Federal Deposit Insurance Corporation (FDIC) says the Illinois Department of Financial and Professional Regulation (IDFPR) has closed Pulaski Savings Bank. The FDIC has been appointed as the receiver and has transferred all deposit accounts and most of the bank’s assets to Millennium Bank. The FDIC says it will have to pay about $28.5 million from its Deposit Insurance Fund to cover the cost of the failure, pointing to “suspected fraud” as the primary factor driving the expense. The agency has not provided…
Jupiter’s native token JUP fell 6% to $0.81 in the past 24 hours as the platform’s latest airdrop went live. The token has declined over 33% from its recent high of $1.20. The Solana-based decentralized exchange aggregator initiated its airdrop early Wednesday, distributing 700 million JUP tokens valued at $567 million to approximately 2 million eligible wallets. However, hours after the launch, users began reporting difficulties in claiming tokens. Addressing the issue on X, Jupiter wrote: “The pie is growing too fast. Claims are a little slow, but are still working. We’re being throttled by Web2 infrastructure providers, so requests…
President Donald Trump is preparing to pardon Ross Ulbricht, the founder of the infamous dark web marketplace Silk Road, according to sources close to the White House. A source with knowledge of the matter told The Post that a pardon is expected to be announced soon. Ulbricht’s pardon attorney, Brandon Sample, confirmed the possibility in an email, saying, “We expect President Trump to grant clemency.” Ulbricht, now 40, was arrested in San Francisco in 2013 and accused of operating the dark web platform Silk Road, which facilitated the sale of drugs and other illegal goods using Bitcoin as its primary…