Author: NBTC

Binance.US, the American subsidiary of the global cryptocurrency exchange Binance, experienced significant operational disruptions following legal challenges by the United States Securities and Exchange Commission (SEC). The lawsuit, filed in June last year, accused Binance, Binance.US, and its founder, Changpeng Zhao, of engaging in activities such as selling unregistered securities, among other allegations. The legal action led to a drastic reduction in the company’s workforce, with more than 200 employees being laid off as the firm’s revenues saw a sharp decline. Christopher Blodgett, the Chief Operating Officer of Binance.US, detailed the impact of the SEC’s lawsuit in a deposition in…

In a recent market update, prominent cryptocurrency analyst Michaël van de Poppe has ignited the crypto community’s excitement with his latest forecast: Ethereum (ETH) is poised to test new all-time highs. The prediction comes amid a backdrop of significant developments and growing investor confidence, suggesting that Ethereum could soon surpass previous records. Van de Poppe attributed the potential upsurge to a couple of pivotal factors. The first is the highly anticipated Dencun upgrade, a development poised to enhance Ethereum’s scalability, security and sustainability. This upgrade is seen as a crucial step forward for the Ethereum network, addressing longstanding concerns and…

In a recent article penned by prominent Cardano contributor Rick McCracken, three pivotal priorities for the ADA community in March 2024 have been underscored, with a co-signature from Charles Hoskinson himself amplifying their significance. McCracken’s insights shed light on critical areas demanding attention from Cardano enthusiasts and stakeholders. Foremost among these is the imperative to update pools to the latest 8.7.3 full P2P version. With a substantial 68% of reporting SPOs already onboard, this patch release addresses a bug in the outbound-governor, fortifying the network against potential vulnerabilities. https://t.co/iuwTrQvme7 — Rick McCracken DIGI (@RichardMcCrackn) March 8, 2024 Another focal point…

SafePal announces strategic investment in Swiss bank Fiat24 and the launch of an in-app banking gateway and virtual crypto Visa card. The new offering aims to accelerate the bridging of crypto to real-world utilities. Crypto hardware wallet provider SafePal on Thursday announced a strategic investment in Swiss bank Fiat24, opening a banking gateway for users to pay for expenses with digital assets and transfer funds to other compliant banks. CoinDesk learned in a release that the firms launched a crypto-focused Visa card and in-app banking services with the dollar-pegged stable coin USD Coin (USDC) as the default deposit currency. Users…

Bitcoin ETFs have nearly hit $50 billion assets under management and have tipped the crypto market into an exciting period of growth. Since the ten new (and one converted) Bitcoin Spot ETFs were approved by the SEC, ETFs have dominated the crypto market. Vetle Lunde, a senior analyst at K33 Research, projected on X that the “newborn nine” will soon overtake the Grayscale Bitcoin Trust (GBTC) in Bitcoin holdings. A quick note to clarify that the “new nine” refers to the 11 spot Bitcoin ETFs that were approved to trade minus GBTC, which already existed and was converted into an…

After a period of heightened buying activity and increased bullish momentum, Ethereum has successfully reclaimed a crucial resistance zone, notably the previous major yearly high at $3.6K. This breakout, if confirmed by a retest, sets the stage for ETH to potentially establish a new all-time high in the near future. By Shayan The Weekly Chart An in-depth analysis of the weekly chart reveals a significant bullish sentiment surrounding Ethereum, as evidenced by a substantial and impulsive upward movement surpassing the critical resistance represented by the prior major yearly high of $3.6K. This price action reflects a strong interest from market…

Optimism Foundation decided to sell 19.5 million OP tokens, which are part of its ‘original working budget of 30% of the initial OP token supply.’ Optimism Foundation, a non-profit organization that oversees the development of ecosystem projects and infrastructure, revealed in a forum post on Mar. 7 that it has entered into a “private token sale” of approximately 19.5 million OP tokens worth around $89.5 million as of press time. Starting today and over the coming days, there will be several transactions from Optimism controlled wallets totaling approximately 25M OP tokens. We’re sharing as a heads up to our community…

In an unprecedented move in the cryptocurrency sector, Crypto.com has unveiled a groundbreaking campaign for its Visa Card holders, promising tantalizing rewards for Apple enthusiasts. From now until April 2, 2024, users who apply for or upgrade their Crypto.com Visa Card and meet the specified CRO Net Buy requirements will be eligible for a unique offer: a reimbursement in CRO for purchasing select Apple products, ranging from the latest Vision Pro to the MacBook Pro and the iPhone 15 Pro. This promotion, designed to cater to different tiers of cardholders, allows for escalating rewards with higher card levels. Ruby Steel…

Bitcoin price made another surprise move on Friday during US business hours, where it briefly escaped the sell wall at $69,000 to touch new highs at $70,000. The largest crypto is standing strong despite calls for a retracement, considering the rally from lows under $40,000 in January. A massive sell wall in the region between $69,000 and $70,000 is the elephant in the room. It is not clear why some investors are selling in the middle of the bull run, however, most of the selling pressure could be coming from old miners. How To Navigate Bitcoin This Weekend After a…

Ethereum price extended its increase toward $3,900. ETH is now consolidating gains and might aim for a move above the $4,000 resistance. Ethereum traded to a new multi-month high above $3,880. The price is trading above $3,700 and the 100-hourly Simple Moving Average. There is a short-term bullish flag pattern forming with resistance at $3,850 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its increase if it clears the $3,850 resistance zone. Ethereum Price Aims Higher Ethereum price extended its rally above the $3,750 level, like Bitcoin. BTC failed to extend gains above the…