Author: NBTC
Bitcoin fell by 3.2% in the 30 minutes after it surged above $69,000. Historical cycles show that a conclusive all-time high breakout is often followed by a sustained period of upside price action. More than $84 million of derivatives have been liquidated in the past four hours, the majority of which have been long positions. Bitcoin (BTC) rose to a record $69,325, its highest level since Nov. 10, 2021, on a flurry of volatility buoyed by demand from spot exchange-traded funds (ETFs) in the U.S. Unlike the previous cycle, the largest cryptocurrency by market value almost instantly fell back as…
The Terra Luna Classic community developers are working on crucial chain upgrades that could put Terra Classic on a major utility path and push Classic ecosystem tokens LUNC and USTC prices to new highs. It follows after Testnet rebel-2 was successfully upgraded to the new release candidate of v2.4.0 of the terrad client amid recent development narrative and proposals passed by the community. Terra Luna Classic Major Upgrade Popular LUNC developer Till “fragwuerdig” Ziegler submits a proposal to upgrade Terra Classic to v2.4.0. The upgrade will boost security and introduce major features to Terra Classic as proposed by Genuine Labs…
The European Corporate Governance Institute (ECGI) has published a fresh research paper acknowledging the non-security status of XRP as ruled by a U.S. federal court last year. This recognition came in a study titled “Corporate Governance Meets Data and Technology,” authored by two university scholars: Wei Jiang of Emory University and Tao Li of the University of Florida. Notably, these scholars cited Ripple and XRP in the context of regulatory concerns surrounding token offerings, particularly regarding securities regulations and token classification. A prominent XRP community figure using the pseudonym “WrathofKahneman” spotlighted the research in an update. The European Corporate Governance…
After making itself comfortable above the $68,500 mark, Bitcoin has finally hit a brand new all-time high, signaling what can only be a proper bull run for crypto. The surge pushed its value past its previous all-time high of $69,040 set back in November 2021. ETFs and Halving Spark Bull Run The bull run is riding on two major waves: the launch of spot Bitcoin ETFs in the United States and the upcoming halving event. These ETFs have opened up a new, steady stream of investment into Bitcoin, strengthening its reputation as a reliable store of value. Analysts from Bitfinex,…
Etherfi, a well-known liquid restaking protocol on the Ethereum blockchain, will launch its own crypto ETHERFI tomorrow with a parallel airdrop dedicated to the platform’s early users. The new currency, farmable alternatively through Binance Launchpool until 00:59 tonight, will be distributed among all holders of “Etherfi points” who in recent months have locked their ether on the protocol receiving eETH in exchange. This airdrop could open the doors to other token distributions by the restaking protocol ecosystem, such as Eigenlayer and Swell. Below are all the details on how to verify your eligibility for Etherfi and how to get ready…
Shiba Inu (SHIB), the cryptocurrency that started as a meme, has ascended to become the fourth most traded cryptocurrency in the global market, according to CoinGecko data. This achievement marks a significant milestone for SHIB as it continues to gain traction among investors and traders alike. Notably, SHIB/USDT has become the second most-traded cryptocurrency pair on Binance, trailing only behind the heavyweight BTC/USDT pair. The red-hot meme coin has staged a massive comeback, surging by a whopping 111% over the past seven days alone, according to data provided by CoinGecko. Top coins by trading volume The current trading volume leaderboard…
As tension grows between cryptocurrency platforms and regulatory bodies worldwide, Nigeria has become the latest battleground. The African nation’s confrontation with Binance, a leading global cryptocurrency exchange, has escalated into a complex legal dispute, detentions of key personnel, and a broader debate on regulating digital currencies. The conflict reached a critical point when Binance announced its decision to cease offering services involving the Nigerian Naira. This decision came after a legal skirmish with Nigerian authorities, who have demanded nearly $10 billion in compensation, alleging the company’s involvement in currency speculation and manipulation. This drastic measure by Binance, slated to take…
Bitcoin is witnessing a resurgence, approaching historical highs from a few years ago. Anthony Pompliano, founder of Pomp Investments, discussed the current state of Bitcoin in a recent interview, highlighting key factors contributing to its bullish momentum. Anthony Pompliano’s Perspective on Bitcoin Rally In a recent CNBC interview on 5th March, Anthony Pompliano reflected on Bitcoin’s recent performance, likening it to a “rocket ship.” He emphasized the transformative impact of Bitcoin’s Exchange-Traded Fund approvals and notable institutional investments, such as BlackRock’s $11 billion allocation to the ETF. Pompliano noted that Bitcoin experienced significant inflows, with an astounding 12 times more…
May 2022 marked the end of Crypto’s last bull run, with the collapse of the TerraUSD stablecoin – an event that saw $45 billion in market capital wiped out in one week. The events that followed resulted in an unrelenting bear market finally ending. However, during this Crypto Winter, projects continued to be built and innovation didn’t stop. The events of the past 18-20 months have seen the industry at large actively trying to remedy the damage done, showing resilience and signs of maturity. How? Well, to start with, regulations have taken a central role in building the industry’s credibility,…
Backed by generally positive market sentiments, meme cryptocurrency Shiba Inu (SHIB) is demonstrating strength in the short term, propelling the token to shed a zero as it continues to rank among the best-performing digital assets at the moment. Before the current movement, SHIB had exhibited a sideways trading pattern in recent weeks as investors awaited a possible breakout amid notable onchain developments aimed at giving the coin more utility. With the recent uptick in SHIB’s valuations, investors are also reaping profits. Notably, data obtained by Finbold on March 3 from the crypto on-chain analysis platform IntoTheBlock revealed that 63% of…