Author: NBTC

Ethereum price is showing positive signs above the $3,550 zone. ETH must clear the $3,680 resistance to continue higher in the near term. Ethereum started another increase above the $3,550 resistance zone. The price is trading above $3,550 and the 100-hourly Simple Moving Average. There is a major bullish trend line forming with support at $3,590 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it settles above the $3,680 resistance zone. Ethereum Price Remains In Uptrend Ethereum price started another increase above the $3,500 resistance zone. ETH bulls were able to…

With the majority of assets in the cryptocurrency market appearing to resume their increases after a brief trend reversal, Cardano (ADA) is no exception, and the eighth-largest crypto by market capitalization is also recording steady growth elsewhere – in the number of crypto wallets on its blockchain. Specifically, the number of wallets on the Cardano network reached 4,651,150 on March 20, which represents an increase of 3.75% from the figure of 4,483,116 where it stood on January 1, according to the Cardano Blockchain Insights data retrieved on March 21. 2,100 ADA addresses added a day Specifically, these figures mean that…

A legal commentary from U.S.-based attorney Fred Rispoli asserts that the discounted sales from Ripple to institutional buyers could be the reason behind the low price of XRP. Rispoli made these remarks while speaking on the latest development surrounding the long-standing Ripple vs. SEC lawsuit. For context, the U.S. SEC recently filed its motion seeking a remedies package from Ripple for its breach of securities laws with regard to XRP sales to institutional investors. SEC Seeks $2 Billion from Ripple The securities regulator is asking the court to impose a $2 billion fine on Ripple as a remedy for this…

IntentX, a decentralized perpetual exchange (DEX), has announced a collaboration with Layer 3 network Orbs, according to the info shared with Finbold on March 26. The collaboration marks a significant stride in the realm of decentralized finance (DeFi) and entails the integration of Orbs’ Liquidity Hub into IntentX’s ecosystem with the aim of enhancing user access to spot orders and the perpetual contracts marketplace. Transcending traditional automated market makers Orbs Liquidity Hub stands as a cornerstone in DeFi infrastructure, going beyond traditional automated market makers (AMMs) by harnessing liquidity from both on-chain and off-chain sources. The platform addresses the challenge…

VeChain achieves 3 million unique wallets, signaling significant growth in adoption. VeChain teases upcoming developments on the VeChainThor blockchain ecosystem. Transition to VeWorld wallet from VeChainThor mobile wallet announced. VeChainThor blockchain development has achieved a significant milestone as the blockchain paints ATH levels for activity on the chain. In detail, over 3,000,000 unique VET wallets have been created so far, marking a momentous occasion in the platform’s growth journey. HUGE milestone completed.3,000,000 unique $VET wallets created. 🎉 This rapid accumulation of fresh addresses seen a surge of 50% in a span of just 1 year and 1 month. #vechain #Vet…

Ripple chief executive officer David Schwartz has published a screenshot of an extract from the judge’s ruling which resulted in the case filed by Elon Musk’s X social media giant (formerly known as Twitter) against a non-profit organization CCHD (Center for Countering Digital Hate) in July last year. X sued the company, accusing it of criticizing X for a rise in the amount of hate speech posts and thus driving advertisers away by implementing a “scare campaign”. X Corporation demanded “at least tens million dollars”. The judge pointed out that this fine would “torpedo the operations of the small non-profit,”…

Angle’s USDA will share the yield earned from the Treasury bill and tokenized T-bill backing assets and a part of the revenue from lending. Yield-bearing stablecoins have mushroomed recently, offering an alternative to incumbent stablecoins USDT and USDC. Decentralized finance (DeFi) protocol Angle unveiled its new U.S. dollar-pegged stablecoin on Tuesday, which aims to pass on yield from its real-world asset (RWA) backing and revenue from DeFi lending. Angle’s USDA is backed by U.S. Treasury bills and tokenized versions of T-bills, and token holders who stake their USDA on the Angle Protocol can automatically earn rewards derived from the token’s…

The crypto market has started to rebound from the recent price crash, and it appears that Shiba Inu (SHIB) has started to generate positive momentum. In addition, numerous essential price indicators and signals have started to turn bullish for the popular meme coin, indicating further bullish momentum. For instance, data from Shibburn reveals that the burn rate of Shiba Inu has jumped by almost 260% in the last 24 hours. As a result of this latest jump, more than 31.3 million SHIB tokens were burned during this time. Shibburn data further highlights that nearly 582.62 billion SHIB coins are left…

Ripple CTO David Schwartz believes that while billionaire Elon Musk claims to believe in free speech, his actions show that he has a narrow understanding of the subject. In an X post yesterday, Schwartz slammed Tesla CEO Elon Musk after a federal court threw out a lawsuit filed by his microblogging platform X against the nonprofit Center for Countering Digital Hate (CCDH). Background of the Case For context, X, under the ownership of Musk, sued CCDH in July 2023, alleging that the research group implemented a scare campaign to chase advertisers from its platform. The lawsuit follows studies conducted by…

In a significant development for the decentralized finance (DeFi) sector, SSV.Network has reached a new milestone with its Total Value Locked (TVL) surpassing the $1 billion mark. This landmark achievement represents a tenfold increase in the network’s TVL since its permissionless mainnet was launched in December, underscoring the burgeoning demand for its innovative staking solutions. SSV.Network utilizes Distributed Validator Technology (DVT), a pioneering approach to Ethereum staking that enhances security and minimizes risks associated with centralization. The recent surge in TVL indicates that over 8,500 Ethereum validators have now adopted SSV.Network, leveraging the services of 266 independent operators. This equates…