Author: NBTC
Ethereum is showing signs of a potential recovery as investor confidence rises, driven by a decrease in realized losses and MVRV ratio positioning which suggests that Ethereum is currently undervalued. A successful breach above the $2,681 resistance level could set the stage for a rally toward the next significant resistance at $2,930. Ethereum, the second largest cryptocurrency by market cap, is showing signs of a potential recovery that could see ETH’s price surge toward $3000. Sailing through stormy seas, Ethereum underwent a downturn that saw its price plunge to lows of $2500, leading to massive losses. Yet, a turning point…
GameStop shares surged on Thursday, shortly after the video game giant announced it would lean into selling retro games via new, dedicated stores. As of publication time, the Texas-based retailer’s stock price is up about 10% over the past 24 hours to a current price of $21.81. The stock surge follows GameStop’s announcement late Tuesday that it would refashion some of its brick-and-mortar locations into speciality shops with a focus on vintage video games and consoles, such as the old-school Nintendo, the Microsoft Xbox 360, Sony PlayStation 2, and Sega Genesis, per the company’s post on Twitter (aka X). It’s…
Many meme coins only get one shining moment in the crypto spotlight before they die an inglorious death—so by that mark, the GameStop (GME) tribute coin on Solana has already beaten the vast majority of its contemporaries. But with GameStop stock attention once again cooling off, the unofficial GME token is down bad following the latest surge. Solana token GME, which launched back in January, has now lost nearly 79% of its value since blasting off to a new all-time high price of $0.031 on June 7, per data from CoinGecko. It’s now priced at $0.0068, falling another 16% over…
Greenidge Generation Holdings Inc. has initiated legal action against the New York State Department of Environmental Conservation, challenging the denial of its air permit renewal. The company also reported its second-quarter financial results, highlighting cost reductions and ongoing business transformation. Greenidge Generation Challenges New York Permit Denial, Reports Q2 Performance Greenidge Generation Holdings Inc. filed a verified petition and complaint in the New York Supreme Court, Yates County, against the New York State Department of Environmental Conservation. The complaint seeks to annul the department’s denial of the company’s Title V Air Permit renewal for its Dresden facility, asserting that the…
Binance, one of the world’s largest cryptocurrency exchanges, recently issued an important update regarding its ongoing network upgrade for Toncoin (TON). In a tweet, Binance acknowledged that the upgrade is taking longer than anticipated due to unforeseen technical challenges. Binance wrote in its tweet: “Service Update. Our TON network upgrade is taking longer than expected due to unforeseen issues. Rest assured, our team is working diligently to restore normal service as quickly as possible.” Service Update!Our $TON network upgrade is taking longer than expected due to unforeseen issues. Rest assured, our team is working diligently to restore normal service as…
Michael Saylor, vocal Bitcoin evangelist and co-founder of MicroStrategy behemoth, has published an enigmatic post on his X (formerly known as Twitter) account, perhaps hinting at a new buy-the-dip opportunity for BTC. His post came out as the world’s flagship cryptocurrency plunged by more than 2% overnight, hitting the $58,300 zone. This is not the biggest price plunge demonstrated by Bitcoin recently, though. Saylor’s bullish Bitcoin statement Michael Saylor, known for his permanent bullish Bitcoin stance, advocacy followed by his MicroStrategy business intelligence software making company adding more BTC to its stash on a regular basis, has published an intriguing…
When OpenSea blogged about a Wells notice it received from the Securities and Exchange Commission (SEC), thousands of supporters instantly rallied. Withholding the actual letter, OpenSea broadcast a response in which it bemoaned the SEC’s supposed targeting of NFTs. The statement claimed that “classifying NFTs as securities would not only misinterpret the law, but would also jeopardize artists’ livelihoods.” It also warned of commissioners’ allegedly “harmful consequences for consumers, creators, and entrepreneurs.” Uproar ensued. Crypto promoters couldn’t agree more fervently with OpenSea’s blog and were more than happy to accept its characterization of the facts. They duly tweeted their views…
Vitalik Buterin said that the series of critical developments in Ethereum’s (ETH) ecosystem in recent months have made the network’s fundamentals “crazy strong.” Buterin made the statement in response to claims that Ethereum has “weakened a lot” during this market cycle, countering the narrative by citing a series of recent advancements and achievements within the ecosystem. Strong fundamentals Buterin started by highlighting the significant reduction in transaction fees on Layer 2 (L2) solutions, now averaging below $0.01. He argued that this has made Ethereum more accessible and cost-effective for users, a critical factor in maintaining the network’s competitiveness. Onchaindata shows…
Custodia Bank has made headlines with recent layoffs, attributed largely to the regulatory pressures from the Biden administration regarding digital assets. The bank is facing operational hurdles as it remains embroiled in a legal dispute with the Federal Reserve while pushing for a crucial master account. Caitlin Long, CEO of Custodia Bank, describes the current situation as “Operation Chokepoint 2.0,” indicating a systematic approach to restrict crypto entities. This article explores Custodia Bank’s recent layoffs in the context of increasing regulatory scrutiny on the cryptocurrency sector by the Biden administration, shedding light on the implications for the industry. Custodia Bank…
Crypto analyst CryptoLollla has highlighted Shiba Inu’s (SHIB) recent market capitalization surge, surpassing that of Uniswap (UNI) and solidifying its position as the leading Ethereum-based token. This development coincides with discussions around the potential of SHIB to enhance Ethereum’s network infrastructure, as well as broader conversations about the growing importance of social technologies in the crypto space. Imagine if Community Notes will also get their own community notes 🤣🤣🤣I hope you will really consider network redundancy for Ether using #SHIB 🙏 — Lola (@CryptoLollla) July 2, 2024 In a related discussion, Ethereum co-founder Vitalik Buterin highlighted the growing importance of…