Author: NBTC
The total value of tokens deposited in DeFi applications has just crossed $60 billion, hitting a level not seen since August 2022. This is an impressive milestone for the ecosystem, indicating a real interest from market participants in the underlying technology. Coupled with forays into the tokenization of traditional assets like bonds and securities by major financial institutions such as HSBC, JPMorgan, Bank of America and, most recently, Citi — it seems undeniable that DeFi and legacy institutions could converge to provide new utility by migrating a range of asset classes on-chain. The environment is primed: According to a new…
Crypto Tony, an investor in the market, told his 386,800 followers on X that Ethereum’s (ETH) ability to hold $2,130 would help it continue its rally. However, Tony also mentioned that the rally would only resume if the U.S. SEC approves the Bitcoin (BTC) ETFs. $ETH / $USD – Update $2,130 hold this weekend for the rally to continue. This is all dependant on the ETF verdict for #Bitcoin pic.twitter.com/R7bYqgOTdj — Crypto Tony (@CryptoTony__) January 5, 2024 On January 2, the price of ETH jumped to $2,429, marking a 10% increase within 24 hours. But a day later, the price…
The Central Bank of Turkey is proceeding with the second round of studies for its retail central bank digital currency (CBDC) following the conclusion of the first phase. According to an official disclosure, the second round of tests will focus on the interoperability of the proposed CBDC system with the existing payment infrastructure. The plans suggest that the Turkish central bank may onboard more participants to the pilot, including commercial banks and payment service providers. Set to begin in 2024, Turkey’s central bank revealed that it will explore the prospects of offline functionality for its CBDC system in a valiant…
Bitcoin Price Prediction: The leading cryptocurrency Bitcoin entered February 2024 in a silent and stagnant price behavior reflecting uncertainty among traders. However, with the increasing inflow in Spot Bitcoin ETFs the underlying asset witnessed a surge in demand pressure and surpassed the $48000 mark for the first time since the launch. This uptick created a ripple effect in the altcoin market triggering a renewed recovery of major cryptocurrency. Will buyers have sufficient momentum to surpass $50000? Also Read: BTC Surges Beyond $48K, Reaching New Heights in Cryptocurrency Market Bitcoin Price Prediction: Whale Accumulation Signals Prolong Rally Bitcoin Price Prediction| Tradingview…
It’s almost impossible to remain anonymous in the traditional financial world because banks and other financial institutions will always demand some form of identity before they do business with anyone. That’s in stark contrast to crypto and decentralized finance, where users interact via their wallets and never need to reveal anything about them. But the crypto industry is coming under pressure to change, and it’s being put in an uncomfortable situation where it’s being asked to adhere to Know Your Customer and Anti-Money Laundering regulations. It’s a big headache for crypto because asking users to reveal their identities, clashes with…
A widely followed cryptocurrency analyst and trader believes Ethereum (ETH) could hit a five-figure price this year. The analyst pseudonymously known as Credible Crypto tells his 363,700 followers on the social media platform X that his minimum price target for Ethereum in 2024 is $10,000 – a gain of over 343% from the current level. Credible Crypto goes on to say that his maximum price target for Ethereum in 2024 is $20,000 – an upside of around 786% from its current value. Looking at the price action of Ethereum in the low time frame, Credible Crypto says that while Ethereum…
Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission. European crypto enthusiasts are on the sidelines watching as the U.S. Securities and Exchange Commission (SEC) approved eleven spot bitcoin exchange-traded funds experiencing FOMO (fear of missing out) – it’s worth noting there are already plenty of products available in Europe. Crypto ETPs in Europe Although the US market is bigger and has more potential to unlock more…
As Bitcoin surges towards its all-time high (ATH) of nearly $70,000, analysts are closely watching Ethereum, the world’s second-largest cryptocurrency, wondering how quickly it will follow suit and break its record ATHs of approximately $5,000 printed in late 2021. How Will Ethereum React When Bitcoin Breaks Above $70,000? One analyst, posting on platform X, highlights the difference in the two coins’ positions compared to the last time Bitcoin broke above 2017 highs of $20,000 in December 2020. Then, Ethereum was trading at $600, a full 57% below its previous ATH of about $1,400. As Bitcoin nears its record peak of around $70,000…
Ethereum (ETH) surged 90% in 2023, from January 1 to December 31, closing the year at $2,281 per token. At the time of publication, ETH is changing hands by $2,233 while whale investors increase their positions. In particular, SpotOnChain spotted a huge purchase of $48 million in 30 minutes by ‘Whale 0x931’ on January 5, 2024. The mysterious whale used USDT and USDC stablecoins to acquire 21,192 ETH for a $2,265 average price. Remarkably, this address belongs to a gigantic whale worth around $142 million, with a balance of 79,500 ETH. Moreover, the ‘Whale 0x931’ has been building its position…
Ripple’s moves to repossess sold shares have put the company’s valuation over $11 billion, with its bag of cryptocurrencies estimated at over $25 billion. Ripple Valuation at $11.3B In a recent development, anonymous sources have confirmed that Ripple has taken steps to reclaim sold shares. In particular, the prominent payment firm will acquire $285 million worth of shares from early investors and employees. The investment, or “a tender offer,” established Ripple’s valuation at $11.3 billion. It is crucial to highlight that investors are constrained to sell up to a maximum of 6% of their stake. This ensures a controlled and…