Author: NBTC

Recent Ethereum price action saw ETH reaching another low of $2,150 on September 6, raising concerns of a more severe drop towards the $2,000 price level. Although these concerns were eased with a subsequent bounce to $2,460 on September 13, Ethereum remains largely in a downtrend, with a triple-bottom price formation now shaping up. Interestingly, this triple bottom formation is not new for Ethereum. As technical analysis points out, the current price action seems to repeat a similar playout in mid-2021. Ethereum Fractal Suggests Rally In Q4 According to a technical analysis by crypto analyst CryptoBullet on social media platform…

Crypto venture giant Multicoin led a $10 million fundraise for the builders of Pipe, a proposed “content delivery network” (CDN) that uses tokens to incentivize people hosting internet infrastructure. The startup building Pipe Network, Permissionless Labs, is focusing on one of the unseen but ubiquitous pieces of the modern internet. Many websites cannot afford to let their content lag as it zips long distances from hosting server to end-user. So they rely on networks of relay servers that can be called upon by the end-users to which they’re geographically close. A handful of powerful internet companies like Cloudflare and Akamai…

Pastor Brandon Biggs, an acclaimed Christian prophet, has shared another striking prophecy regarding XRP, suggesting that the cryptocurrency could experience an “overnight” surge. Over the last 24 hours, XRP has seen an improved market sentiment. In particular, XRP has posted an approximately 8% gain today, advancing from an intraday low of $0.5661 to a daily high of $0.6109. At press time, XRP still maintains its position in the freshly attained $0.61 range. Among the top-ranking crypto assets, XRP boasts the best 24-hour performance. Amid this notable comeback from the earlier bearish and passive performance, the XRP Army has revisited Pastor…

GameStop CEO Ryan Cohen agreed to pay a nearly $1 million civil penalty Wednesday to settle Federal Trade Commission (FTC) allegations that he unlawfully bought Wells Fargo securities. The agency said that Cohen violated the Hart-Scott-Rodino Act, which requires investors to disclose purchasing large amounts of securities in a press release. Allegedly, Cohen did not disclose that he purchased more than 562,000 voting securities in the bank. The disclosure would’ve given regulators the opportunity to review the deal for antitrust violations before it went through, the FTC said. Even though Cohen’s purchase of Wells Fargo securities was below the standard…

The Swiss stock exchange is considering launching a crypto trading platform in Europe, aiming to attract traditional investors by leveraging Switzerland’s crypto-friendly laws. The Swiss stock exchange operator, SIX Group, is considering establishing a new platform in Europe for crypto trading, aiming to challenge major players like Binance, OKX, and Coinbase, the Financial Times reports, citing Bjørn Sibbern, global head of exchanges at SIX Group. The company hopes to leverage its reputation and Switzerland’s progressive crypto regulations to attract institutional investors interested in crypto trading. Sibbern says the stock exchange is mulling over the idea given that crypto has become…

Widely followed analyst and trader Michaël van de Poppe believes Bitcoin (BTC) could be just weeks away from hitting a new all-time high (ATH). Van de Poppe tells his 722,100 followers on the social media platform X that as long as Bitcoin holds the $60,000 level as support the crypto king could soon take off on a massive rally. However, the analyst warns that Bitcoin has historically performed poorly in August and September. “Bitcoin needs to hold above $60,000-$61,000 and then we’re going to be seeing a continuation towards the all-time high. Historically, August and September are bad. However, I’m…

BitGo says it is launching a stablecoin in January 2025 Called USDS this stablecoin will provide rewards to the institutions which power its liquidity. SINGAPORE — BitGo plans to introduce a dollar-backed stablecoin next year, differentiating itself in a crowded market by offering rewards to institutions that provide liquidity to the network. The stablecoin, dubbed USDS, will be backed by short-duration Treasury bills, overnight repos, and cash, like others on the market. It will be what BitGo calls the first open-participation stablecoin. “The main reason for launching USDS is that, while existing stablecoins serve a good function, we see an…

Crypto stocks across the board took a dive at Monday’s open after Bitcoin failed to maintain its early weekend momentum, but some are starting to rebound as the day goes on. At 9:45 am ET, Coinbase (COIN) fell 4% to $156.63. MicroStrategy (MSTR), the world’s largest corporate Bitcoin holder, dipped by 5% to about $133, while the Valkyrie Bitcoin Miners ETF (WGMI) fell by the same amount to a price of nearly $16. By comparison, the S&P 500 traded flat, and the Nasdaq 100 traded 0.5% down at Monday’s open. Meanwhile, after surging above $60,500 on Saturday, Bitcoin has now…

Elon Musk teases the Dogecoin community and the broader crypto scene in his latest remarks suggesting a willingness to serve in “D.O.G.E.” SpaceX and Tesla owner Elon Musk have exhilarated the Dogecoin and crypto communities after flaunting the dog-themed memecoin in a post on Tuesday. Musk rubbed in DOGE while expressing his desire to serve the United States of America, indicating how dear the largest memecoin is to him. “I am willing to serve,” the post read. Along with the caption, Musk posted what looked like an AI-generated picture of himself on a podium inscribed with “Department Of Government Efficiency…

The United States Securities and Exchange Commission (SEC) announced Wednesday that it has reached an agreement to settle previously unannounced charges against Rari Capital, a decentralized finance (DeFi) platform. The regulator alleged that Rari Capital and co-founders Jai Bhavnani, Jack Lipstone, and David Lucid misled investors and that the platform served as an unregistered broker. Rari Capital’s platforms held more than $1 billion worth of assets at one point, the SEC said. “We allege that Rari Capital and its co-founders misled investors about both the features and profitability of certain of the crypto asset investments Rari Capital offered, and acted…