Author: NBTC
Michael Van Pope, a prominent crypto analyst, took to X speculating a new all-time-high for Ethereum. He stated two key factors driving the bull run could be the Dencun upgrade and the likelihood of ETF approval. Ethereum (ETH) crossed $3,000 and surged to $3,800 earlier this week, marking its highest value in nearly two years. The next in line for a potential all-time high test is #Ethereum.Why?– Dencun upgrade.– Potential Spot ETH ETF approval.Crucial resistance is approaching, but the $BTC pair has barely moved. We’ll likely see more strength coming from this asset. pic.twitter.com/LyWh8ht9ow — Michaël van de Poppe (@CryptoMichNL)…
In a startling revelation, on-chain data has unveiled a substantial surge in Shiba Inu token purchases, totaling over $10 million in the last 24 hours. Blockchain explorers have tracked the movement of a staggering 311.17 billion Shiba Inu tokens to an unknown wallet, executed in two sizable transactions. The first transfer saw an enigmatic individual funneling 288.639 billion SHIB, valued at $9.1 million, into the anonymous wallet. Following closely behind it, a more modest transfer of 22.531 billion SHIB, equivalent to $736,080, was completed, reportedly originating from the Bitvavo exchange. What is intriguing is the potential link between these transactions…
Worldcoin controversy in South Korea is driving trades on the Bithumb crypto exchange, a media report has claimed. According to Busan Ilbo, trading in the Worldcoin (WLD) token has spiked in the wake of a new Personal Information Protection Commission probe. This has seen WLD trading balloon on the platform. On March 4, 24-hour Worldcoin trading surpassed Bitcoin transaction volumes “by nearly 2 billion won [over $1.5 million].” Worldcoin Controversy: Bithumb a Beneficiary? Authorities believe that at least 50,000 South Koreans hold WLD tokens. However, the coin has reportedly “gained great popularity among crypto investors” in recent weeks. The media…
The upcoming Bitcoin halving in April is expected to trigger significant price fluctuations, presenting unique investment opportunities. Historical patterns suggest a potential price surge post-halving, underscoring the importance of strategic investment planning. “Investing in Bitcoin around halving events requires careful analysis and understanding of market dynamics.” – Expert Analysis. This guide explores effective strategies to capitalize on the Bitcoin halving event, offering insights into timing the market, short-term and long-term investment planning, and the benefits of diversification and derivatives trading. Understanding Market Timing Ahead of the Halving Timing the market, based on the principle of “buying the rumor, selling the…
The chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, refused to be drawn on whether the regulator considers Ethereum to be a security—even as the SEC considers multiple applications for spot Ethereum ETFs. Speaking on Bloomberg TV, Gensler said he would “defer on that question,” when pressed on whether the regulator viewed Ethereum as a security. “On any one of these crypto tokens, it’s about the facts and circumstances as to whether the investing public is anticipating a profit based on the efforts of others,” he said. “We do have filings in front of us. I’m not…
XRP, one of the top 10 largest digital currencies by market capitalization, has witnessed a new milestone, with a whopping 5 million wallets holding almost 60 billion XRP tokens amid a rallying digital asset market. As per the latest data provided by an XRP Ledger explorer, XRPL Services, there are currently 5,090,851 wallets holding 59.87 billion XRP tokens. On the other hand, there are currently 1,595 wallets with 0 zero balances. The data shows a remarkable boost in the adoption of XRP after a US judge ruled in 2023 that XRP was not a security when sold to retail investors.…
Binance, the world’s largest digital currency trading platform by trading volume, has restricted its services in multiple countries around the world while completely ending operations in some, due to the regulatory pressure in these nations. As per the exchange’s list of ‘prohibited countries,’ Binance is not operable in Canada, the Netherlands, the United States, Cuba, the Democratic People’s Republic of North Korea (“DPRK”), Iran, Syria, the Crimea region, or any non-government controlled areas of Ukraine. On the other hand, the leading exchange has faced scrutiny from regulators in Nigeria and was recently forced to shut down all Nigerian Naira (NGN)…
Recent rallies in Bitcoin and gold may be linked, according to a new analysis by Wolfe Research. The firm suggests that the Bitcoin rally, initially triggered by microeconomic factors at the end of 2023, has now merged with the more macroeconomic-driven gold rally. Gold increased by 5.7% in March, accounting for a large part of the 6% gain it achieved in the last month. It reached record highs for four consecutive sessions last Friday. Similarly, Bitcoin traded at record levels this week, reaching all-time highs on both Tuesday and Friday. Bitcoin increased by 8% in March. Bitcoin’s positive price performance…
The Dencun upgrade is scheduled for March 13. It is expected to result in lower fees for users of layer-2 networks. It allows Ethereum to act as a proper database for other blockchains. The Ethereum blockchain’s Dencun upgrade, scheduled for March 13, is the first step toward enabling its rollup–centric roadmap and will allow the network to function as a proper database for layer-2 blockchains to store data more efficiently and cheaply, Fidelity Digital Assets said in a research report on Wednesday. “Ethereum’s improvement as a database unveils the opportunity for near-zero transaction fees for users of layer 2’s,” and…
Algorand, a third-generation Proof-of-Stake (PoS) blockchain, is getting set for its next token unlock exercise. As posted on the Token Unlocks, Algorand’s next token unlock will kick-start on March 19, 2024, and run for 31 days. According to the posted information, the project will release 2.29 million ALGO daily into the Algorand network for the duration of the token unlock exercise. By ALGO’s value as of the post, the daily unlocked volume would be approximately $516,000 in fiat value. Token Unlock’s data shows that 9.77 billion ALGO, equivalent to about 98% of the blockchain token’s total supply, has been unlocked…