Author: NBTC
Polygon Labs CEO Marc Boiron has attributed the network’s struggles with broader adoption in the space to racial prejudice against its co-founder, Sandeep Nailwal. In a Nov. 25 post on X, Boiron suggested that Nailwal’s Indian heritage has led to biases that hinder Polygon’s recognition despite its substantial usage across the blockchain industry. He wrote: “If Sandeep wasn’t Indian, then web3 would have embraced Polygon massively instead of treating it as a second class citizen even when Polygon PoS was more used than all blockchains combined.” When a user in the crypto community argued that Indians had achieved prominent roles…
WASHINGTON, Jan 17 (Reuters) – President-elect Donald Trump is planning to use his executive powers to reduce the regulatory burden faced by cryptocurrency companies and promote digital asset adoption in his first few days in office, according to three people briefed on the plan. Trump, who courted crypto cash on the campaign trail with promises to be a “crypto president,” is expected to sign an executive order creating a crypto advisory council, an idea he first floated in July, said two of the sources who requested anonymity to discuss private deliberations. Bloomberg News first reported on Thursday that Trump was…
Bitcoin, currently valued at $107,075 to $107,748 over the last hour, has a market capitalization of $2.12 trillion and a 24-hour trading volume of $118.01 billion. It navigated a session marked by pronounced volatility. The cryptocurrency’s intraday price fluctuated between $99,462 and $109,356, reflecting a dynamic response to market conditions as Donald Trump assumes the presidency. Bitcoin Analysis of the daily chart reveals that bitcoin reached a high of $109,356 before succumbing to intense selling pressure, resulting in the formation of a substantial downturn near this resistance threshold. Key support emerges in the $94,000–$95,000 range, a zone previously characterized by…
Ethereum’s robust growth in Q1 is juxtaposed against a backdrop of diminishing returns, raising concerns about its long-term market viability. The cryptocurrency landscape shows significant assertiveness from other assets, particularly XRP, which may quicken Ethereum’s competitive decline. “The market dynamics suggest that while Ethereum has historically held the crown, upcoming weeks could challenge that status significantly,” stated a COINOTAG analyst. Ethereum thrives in Q1 despite slipping year-on-year returns, while XRP poses a growing threat amid shifting market sentiments and strategies. Ethereum’s Historical Q1 Performance in Focus In the realm of cryptocurrencies, historical performance is vital, particularly regarding Ethereum’s notable Q1…
As became known thanks to the latest weekly research by CoinShares, investment products linked to the popular cryptocurrency saw a staggering result with inflows of $15.2 million. In fact, this is 353% higher than the week before and brings the year-to-date total for XRP-focused ETFs to $46 million. In other words, based on simple math, last week saw almost half as much money flow into XRP ETPs, as in the previous 11 months. The reason for this avalanche of money lies in the price action of the popular cryptocurrency. What drove crypto market participants to push the price of XRP…
On Jan. 14, 2025, Gary Gensler had a farewell interview on CNBC. On January 20, he will step down as the chairman of the SEC. What were their conclusive words to the crypto community? At the very start of the interview, the host, Andrew Ross Sorkin, makes a remark that sets the context. He notes that even in the last few days of Gensler’s tenure as the SEC chair and launch of the Trump administration 2.0, Robinhood brokers had to settle $45 million SEC charges associated with violations of ten law provisions. At that time, Sorkin didn’t know that after…
Analytics platform IntoTheBlock announced that 100% of Bitcoin holders are now in profit following a surge in the coin’s price ahead of President Donald Trump’s inauguration. The platform further revealed that the last time all BTC holders were in profit was during the November crypto frenzy after Trump’s win in the presidential elections led the coin from around $80,000 to a new all-time high above $108,000. The president has been more forthcoming about crypto and crypto-friendly regulations to help the U.S. establish itself as a Bitcoin hub. Trump promised his crypto supporters during his campaign that he would initiate more…
Ethereum price started a downside correction from the $3,500 resistance. ETH is consolidating above $3,120 and facing many hurdles. Ethereum failed to gain pace for a close above $3,500 and corrected gains. The price is trading below $3,320 and the 100-hourly Simple Moving Average. There is a short-term connecting bearish trend line forming with resistance at $3,380 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start another increase if it clears the $3,300 resistance level. Ethereum Price Dips To Support Ethereum price started a decent upward move above the $3,320 level but upsides were limited…
Digital asset inflows hit over $2 billion last week, fueled by Trump inauguration enthusiasm, with total assets under management reaching more than $170 billion. Crypto investment products saw inflows of $2.2 billion last week, according to data from European alternative asset manager CoinShares. In a blog post on Jan. 20, James Butterfill, head of research at CoinShares said the latest development marks the largest weekly inflows so far in 2025, attributing the surge to the Trump inauguration euphoria. Total assets under management hit $171 billion, reaching an all-time high, Butterfill revealed, adding that trading volumes on exchange-traded products were also…
A surge in crypto ETF applications emerged as Gary Gensler’s tenure at the SEC ended today. At least five new filings were submitted to the SEC after US business hours on Friday, coinciding with Gensler’s final day as the agency’s chair. New Crypto ETF Proposals Flood the SEC Among the notable filings, Tidel Finance introduced the “Oasis Capital Digital Asset Debt Strategy ETF” (DADS). This fund plans to focus on debt securities tied to several sectors, including digital asset mining, companies directly holding digital assets, payment companies, and more. ProShares also filed for a Solana Futures ETF. This follows a…