Author: NBTC

Ethereum price started a fresh increase above the $2,550 resistance. ETH is following Bitcoin’s rally, but it is lacking the same strength. Ethereum started a decent increase above the $2,600 zone. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,520 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $2,630 and $2,650 resistance levels. Ethereum Price Starts Steady Increase Ethereum price formed a base above the $2,450 level and started a fresh increase like…

There exist lists of Airdrops such as Airdropbob and ICO Drops, which contain only the most genuine Airdrops as compared to the general list of Airdrops. Protocols based on Layer-2 like Starknet and zkSync are turning into centers of various inventive airdrop promotions. Such cross-chain platforms as LayerZero offer multiple and different ecosystem airdrop possibilities. In the era of cryptocurrency, the airdrop is one of the most common strategies for projects to distribute tokens and attract attention. With the constant evolution of the crypto market, people stay on the lookout for dependable sources to identify such potentially lucrative investments. The…

Bitmain denies involvement in a supply chain investigation, focusing solely on cryptocurrency mining hardware development. The Antminer S21+ Hydro delivers enhanced performance with a hashrate of 319 TH/s and advanced cooling for high temperatures. Bitmain, a key manufacturer of crypto mining hardware, recently addressed viral reports linking it to a supply chain inquiry. Bitmain reaffirmed in a solid statement that its main concentration is still the design and manufacturing of crypto mining rigs, especially the well-known Antminer series. Strongly refuting any participation in the claimed inquiry, the business labeled the media accusations as “false and baseless.” Moreover, Bitmain declared its…

The Bitcoin (BTC) price recently experienced a sharp jump higher following the most recent US jobs report that has abated recession fears. The cryptocurrency came close to reacliaming the $57,000. The US added a total of 142,00 jobs last month. This marks a major improvement compared to 89,000 jobs in July. The unemployment rate dropped to 4.2%. Jason Furman, professor of the practice of economic policy at Harvard University, described the recent jobs report as “reassuring.” He has noted that the pace of jobs growth remains “mostly unchanged” over the past year. “In sum, this is a nice economy to…

Ethereum price jumped to $2.6K, gaining over 5% over the past 24 hours. The analyst suggests a potential breakout for ETH. As November prepares to make its entrance, the crypto market breaks and recovers from the bearish pressure. The trading day opened with the market exhibiting a 4.68% surge in market cap, reaching $2.4 trillion over the last day. Notably, the largest cryptocurrency, Bitcoin, has broken above $71K. The largest altcoin, Ethereum (ETH), appeared to enter the bullish market, gaining over 5.53% over the past 24 hours. However, due to its bullish price action, ETH is poised for a remarkable…

The Open Network (TON) blockchain has experienced a significant surge in its on-chain metrics in 2024, with trading volume, total value locked, active users, and daily transactions all growing considerably. According to Artemis data, the daily average trading volume on TON’s decentralized exchanges (DEX) rose from a little over $2 million to $17.2 million in September — representing a 760% year-to-date growth. On-chain metrics surge Artemis data reveals substantial growth across key metrics for the network throughout 2024. Daily active addresses on TON rose from 26,274 in January to 902,737 in September — a 3,435% year-to-date growth. Meanwhile, daily transactions…

Bitcoin and the U.S. dollar have a long-standing inverse correlation, notably when observing the Dollar Strength Index (DXY). When the dollar weakens, Bitcoin often gains strength, and this dynamic might now be setting the stage for restarting the BTC bull cycle. DXY The Dollar Strength Index (DXY) measures the value of the U.S. dollar against a basket of other major global currencies. Historically, a declining DXY has often coincided with significant rallies in Bitcoin’s price. Conversely, when the DXY is on the rise, Bitcoin tends to enter a bearish phase. Figure 1: Bitcoin and DXY have historically been inversely correlated.…

Ethereum co-founder Vitalik Buterin recently unveiled the fifth phase of Ethereum’s roadmap, dubbed “The Purge,” which analysts believe is a strategic move for an ETH bull run. This update targets the network’s data bloat by reducing unnecessary data storage, making Ethereum more efficient while preserving its core principles of security and performance. The announcement comes amid speculation that the crypto market may soon enter a new bullish phase. Some analysts suggest that this development could be a strategic move by Buterin to prepare for increased network usage. Implications for Ethereum’s Performance While the changes are technical, their implications could extend…

Moonriver Coin (MOVR) plays a crucial role as the native cryptocurrency for the Moonriver platform, which supports Ethereum-compatible smart contracts on the Kusama network. MOVR is integral to several key functions, such as governance, incentivization, and transaction fee payments. This multifunctional utility token is at the heart of Moonriver’s design, ensuring the platform operates smoothly while maintaining its core functionalities. Contents hide 1 How Does Moonriver Operate? 2 Why is MOVR Essential? How Does Moonriver Operate? Moonriver functions as a smart contract parachain that is compatible with Ethereum and operates on the Kusama network. It is designed to work in…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Traditional finance has been failing for a long time, but its cracks have always been ignored. Under the current economic challenges, these cracks are finally showing up, and the shortcomings of the traditional financial system can no longer be overlooked. Nearly 1.4 billion people today remain unbanked. Around one-fourth of the global population is left behind by an industry that thrives on exclusion and inefficiency. You might also like: A tough climb: Neobanks can democratize access to…