Author: NBTC
While the leading cryptocurrency Bitcoin (BTC) reaches a new ATH every day, the largest altcoin Ethereum also rose above $4,000 in this rally. Ethereum, which successfully completed the highly anticipated Dencun upgrade yesterday, continues to attract the attention of investors with its strong stance. At this point, CryptoQuant analyst also stated that ETH showed signs of strength and said that the reason behind this was the decrease in reserves in spot exchanges and the desire of investors to stake ETH. Stating that ETH spot exchange reserves are in a constant decreasing trend, the analyst said that this decrease means that…
Ahead of the 2024 US elections, influential figures in the cryptocurrency industry have signaled their intent to financially support political candidates who are favorable to their cause while opposing those who are critical of the sector. This position is a result of the industry’s support for the loss of a Democratic Representative in California’s Senate primary, highlighting the increasing political power of crypto backers. Political Impact and Industry Support Crypto lobby’s reach was signified through the massive funding that was given to the campaigns against Democrat Representative Katie Porter in California, leading to her loss in the Senate primary. This…
In a startling turn of events, the popular Shiba Inu meme token, SHIB, has surged to claim the coveted second spot on Binance, the world’s largest exchange, according to data analyzed by CryptoDiffer. The token’s meteoric rise comes amid a flurry of user interest, with SHIB’s trading volume on Binance now constituting a staggering 33% of all Shiba Inu token trades across various crypto platforms. CoinMarketCap data reveals that SHIB has solidified its position as the eighth largest market on Binance, boasting a substantial 3% share of the exchange’s mammoth $32.13 billion trading volume against the USDT pair alone. This…
BitPay customers in the U.K. and EU can now enjoy a higher limit of up to $75,000 when purchasing crypto assets, including Shiba Inu (SHIB). According to a recent announcement, BitPay integrated Transak, a Web3 payments provider, as an on-ramp solution. The integration will roll out higher limits, additional payment methods, and increased coin availability for BitPay customers in the United Kingdom and Europe, including Shiba Inu proponents. 🇬🇧🇪🇺 HUGE news for our UK and EU friends – buy BIG with transaction limits as high as $75,000 in the BitPay Wallet. We’ve integrated @Transak into our crypto marketplace so you…
Pomp Investments founder and Bitcoin bull Anthony Pompliano says BTC‘s rally is likely far from over. In a new interview with CNBC, Pompliano says the crypto king is on its way to surpassing and potentially doubling the market cap of gold. Furthermore, Pompliano expects the biggest crypto by market cap to blow past its all-time highs soon. “As we near the record high, if we go back and look at past record high breaks or when we eclipse the old all-time high, three of the four times, Bitcoin doubled in 18 days or less. So you think about hat for…
NFT Staking — A unique and innovative way crypto investors use not only to buy non-fungible tokens but earn rewards and other privileges by locking them on a platform or protocol — has just gone better. Enterprise DAO-powered by Terra Money has now enabled cross-chain NFT staking for Cosmos chains including Terra, Stargaze, Juno, and soon Terra Classic. Enterprise Protocol Enables Cross-Chain NFT Staking Enterprise DAO unlocked the cross-chain functionality for Cosmos chains by launching the cross-chain NFT staking. The Terra-powered platform helps to easily and efficiently create, manage, and grow DAOs within Cosmos. In January, the platform enabled cross-chain…
Ethereum price prediction threatens a major tailspin after the successful mainnet launch of the Dencun Upgrade. The second-largest cryptocurrency briefly climbed to $4,087, testing its recent highs ($4,087) on Wednesday before sliding below the previous day’s open of $4,008. Trading at $3,955 on Wednesday, ETH price has sustained a 2.5% drop in the last 24 hours. Its trading volume is down 20% in the same period, hinting at declining interest among traders. With a market cap of $477 billion, Ethereum comfortably sits in the second position below Bitcoin’s $1.4 trillion cap. Ethereum Price Prediction: What’s Next After Dencun Upgrade Ethereum…
A New York-based bank is witnessing the exodus of billions of dollars in deposits amid an industry-wide warning from Fed Chair Jerome Powell. New York Community Bank’s (NYCB) new earnings report shows total deposits fell from $81.365 billion at the end of start of the year to $77.2 billion on March 6th – a drop of $4.165 billion in less than three months. NYCB’s declining deposits come amid concerns about the bank’s commercial real estate exposure and its overall balance sheet after the firm’s acquisition of a majority of Signature Bank after its failure a year ago. The bank’s declining…
After forcing advertisers to pay for Telegram broadcast channel advertisements in TON token, Telegram admitted the obvious: Ad payments would quickly account for far more than 10% of the TON supply at Telegram itself. To avoid appearing too centralized, CEO Pavel Durov announced plans to sell Telegram’s TON holdings at below-market prices. He is soliciting investors interested in bidding over $1 million for off-market transactions. Naturally, Durov restated Telegram’s intent to sell TON below current prices as a positive development, emphasizing the supposedly decentralizing effect these sales would have on the TON blockchain network. “Thanks to the participation of more…
Netherlands-based crypto derivatives exchange D2X has secured $10 million in a funding round led by Point72 Ventures to double down on its presence in Europe. Crypto derivatives exchange D2X has announced the successful closure of a $10 million Series A funding round led by Point72 Ventures in addition to other investors like GSR Markets. Although the company’s valuation following the funding was not disclosed, a spokesperson for D2X informed crypto.news that the funding will facilitate the exchange in “attracting liquidity, developing new features, and business development primarily in the EU.” “Point72 being a U.S. investor and leading the funding round…