Author: NBTC

The U.S. Department of Justice (DOJ) has issued subpoenas to Nvidia Corp. and other companies in its ongoing investigation into chipmaker Nvidia’s alleged violations of antitrust laws, Bloomberg reported. The Justice Department, which previously sent questionnaires to companies, has now issued legally binding subpoenas compelling recipients to provide information, Bloomberg reported, citing people with knowledge of the investigation. This move by the DOJ caused a sharp decline in NVDA stock and the Nasdaq market, as well as a decline in Bitcoin and the crypto market. Bitcoin, which shot up to $55,000, then reached $56,000, while Ethereum (ETH) fell below $2,400.…

A widely followed crypto analyst says that Ethereum (ETH) is in the final stages of its decline against Bitcoin (BTC). In a new strategy session, crypto trader Benjamin Cowen tells his 819,000 YouTube subscribers that based on historical patterns, the top altcoin appears as if it’s about to break out against the crypto king. According to Cowen, ETH/BTC tends to find its bottom two to three months after losing its support level, a move the analyst says should happen soon, though he did not specify a date. “If you look at ETH/BTC normally, [it] would bottom within two to three…

Despite full unlocking, only 25.83% of UNI tokens are actively circulating in the market. UNI is trading at $6.47 by 1.945 increase, with a market cap of $3 billion. The native token of Uniswap’s UNI was issued and listed in September 2020. The team, investors, advisors, and community treasury received a total of 83% of the allocation, amounting to 8.3 billion tokens. These tokens are subject to a four-year unlocking period. UNI was fully unlocked four years ago, but the actual circulation tells a different story. Initially, 83% of the 1 billion tokens, totaling 830 million, were allocated to the…

Telegram game Tomarket has been in the spotlight for crypto gamers in recent weeks with the build-up to its announced token generation event (TGE) on October 31 and subsequent airdrop. But after the game revealed airdrop allocations on Friday, players are still waiting to get their hands on the actual token. As planned, Tomarket told players Friday how many tokens they’d earned during the farming phase, which was based on factors such as how many in-game tomatoes they earned and whether or not they’d purchased the optional premium medal booster. But the airdrop still hasn’t technically taken place, as players…

The Cryptonomist interviewed Gillian Lynch, CEO of UK & Europe of the Gemini crypto exchange to talk in particular about their plans to expand in Italy and the UK and about MiCA regulation. Gemini has big plans for European expansion, particularly in the UK and Italy. What specific strategies are you implementing to make these markets a success over the next 12 months? Gemini is already available in over 30 countries in Europe, offering digital asset exchange and custodian services to both retail and institutional customers. Nevertheless, our Growth and Product teams are continuously looking to expand our offerings in…

Bitcoin’s (BTC) price could face a prolonged decline after failing to break above the $60,000 mark. This struggle to maintain a key resistance level has raised concerns among investors, who are now closely watching how far the downturn might extend. Currently, Bitcoin is trading at $57,862, marking a 6.85% drop over the past seven days. While some market participants might be hoping for a recovery, on-chain analysis suggests that another price decrease could be on the horizon. Bitcoin Market Condition Worsens One key on-chain indicator supporting the potential for further decline is Bitcoin’s Puell Multiple. This metric compares the daily…

Ethereum, Tron, and Solana are on the frontline in terms of TVL, although other blockchains have also left some impact. The DeFi space is growing slowly, and specific blockchains are starting to become market leaders. The TVL denotes the amount of capital invested in a blockchain’s DeFi solutions and thus reflects market confidence and participation. Ethereum: The DeFi Powerhouse Ethereum remains dominant, with the TVL at $48.045B, controlling 54.98% of the Defi market. Praised for its stability and the number of protocols supported ( currently 1,205), Ethereum remains the most popular choice for developers and users. However, the TVL dipped…

A recent analysis by CryptoQuant points to growing optimism among Ethereum traders, as reflected in positive funding rates in the futures market. Positive funding rates, a key metric that shows the balance of demand between buyers and sellers, suggest that market sentiment is bullish for Ethereum. According to analysts, Ethereum’s funding rate is currently showing a steady upward trend. Positive funding rates indicate that traders in the futures market are increasingly inclined to invest in Ethereum’s price appreciation, and that there is increasing confidence in ETH’s near-term potential. However, despite this renewed optimism, analysts believe that funding rates have yet…

Chainlink Labs and Fireblocks have joined forces to deliver a comprehensive technology solution for issuing and managing stablecoins, as announced by Chainlink on Tuesday. The integrated platform combines Fireblocks’ secure custody and management capabilities with Chainlink’s decentralized oracle network to provide a single, end-to-end solution for stablecoin issuers. “Chainlink and Fireblocks offer a powerful suite of technology services that, when combined, are poised to accelerate market growth for all forms of tokenized money, such as stablecoins,” Angie Walker, Global Head of Banking and Capital Markets at Chainlink Labs, stated. According to Chainlink, its key features include secure issuance and custody…

Convenience store chain Sheetz now accepts crypto payments at all its locations — over 750 stores across multiple U.S. states — allowing customers to pay with cryptocurrencies and earn rewards. Sheetz Customers Gain a New Way to Pay — And Get Rewarded American convenience store chain Sheetz has expanded its partnership with crypto payment firm Flexa, enabling digital currency payments at more than 750 locations across the Mid-Atlantic region, the company announced on Thursday. The announcement states: Following the success of the initial rollout at select locations, this expanded partnership means that all 750+ Sheetz locations can now accept digital…