Author: NBTC
The Securities and Exchange Commission has intensified its scrutiny of Ethereum, the second-largest crypto after Bitcoin, by initiating a legal campaign to classify ETH as a ‘security.’ This regulatory probe will be a significant challenge for the crypto ecosystem while firms are fighting for the regulatory approval of spot Ethereum ETFs. Why the probe? According to reports, the SEC has simultaneously issued several U.S. companies dealing with ETH transactions subpoenas related to an investigation aimed at classifying Ethereum as a security. If this legal probe begins, it could have profound implications for Ethereum, the potential approval of ETH ETFs, and…
Saga, a key player in Layer-1 protocol and Web3 development, made waves at the Game Developers Conference (GDC) 2024 by introducing Saga Origins, a groundbreaking game publishing arm. This strategic move positions Saga as the pioneer and sole Layer-1 Web3 game publisher, setting a new standard for the industry.—Saga Origins is dedicated to partnering with developers to launch top-tier games, offering comprehensive support beyond traditional grants. This includes influencer collaborations, user acquisition campaigns, and community engagement initiatives. Through innovative Play-to-Airdrop campaigns, Saga, game studios, and guilds host tournaments rewarding players with $SAGA tokens. The recent success of The Three Kingdoms…
Binance, one of the world’s leading cryptocurrency exchanges, announced its decision to remove three tokens from its platform as of April 3, 2024. The tokens affected by this decision are DREP (DREP), Mobilecoin (MOB) and pNetwork (PNT). Binance Announces Delisting of DREP, MOB, and PNT Tokens The decision to delist these tokens stems from Binance’s commitment to maintaining high standards and adapting to evolving market dynamics. As part of its periodic review process, the exchange considers various factors such as project team commitment, development activity, transaction volume, network stability, regulatory compliance, and contribution to a healthy crypto ecosystem. All trading…
Steering through a sea of change in the crypto market, the investment game is experiencing a seismic shift. Spot Bitcoin ETFs already exist, signaling Bitcoin’s leap into mainstream finance and knitting it closer to conventional investment fabrics. We’ll look at the tip of the iceberg trying to imagine its true depth as well as the current correlation between Bitcoin, stocks, and Gold. We’ll attempt to figure out if the traditional market is really leading Bitcoin out of its decentralized place, or if there’s still an avenue for hope that it can maintain its unique path. According to the Kaiko data,…
Ethereum has reclaimed its position as the top-ranking blockchain in non-fungible token (NFT) sales over the past 24 hours, with a 12.06% rise to US$12.47 million, according to CryptoSlam data. The blockchain saw a slight decrease of 5.29% in wash sales on Wednesday, which are typically non-genuine transactions used to inflate volume. This performance has contributed to Ethereum’s all-time sales volume, which now sits at a market-leading US$43.27 billion. Bitcoin, which led the industry in NFT sales each day leading to Wednesday this week, came in second with US$10.9 million. Bitcoin’s performance helped the network reach a new milestone as…
Ethereum price started a recovery wave from the $3,050 zone. ETH is up over 10% and is now struggling to clear the $3,550 resistance zone. Ethereum started a decent recovery wave from the $3,050 zone. The price is trading above $3,350 and the 100-hourly Simple Moving Average. There was a break above a major bearish trend line with resistance at $3,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it settles above the $3,550 resistance zone. Ethereum Price Starts Recovery Ethereum price extended its decline below the $3,350 and $3,200 levels,…
Data shows XRP trades for $74 on the Atlantis exchange, where XRP recently secured a listing, but the legitimacy of the platform has become a subject of discussion. Since slumping beneath $1 in December 2021, XRP has maintained a position below that mark. With market analysts predicting imminent price surges above $1 and possibly to a two-digit price, investors have indeed witnessed this phenomenon, albeit not in the expected fashion. Interestingly, XRP has been recording prices way above its actual trading value on a centralized exchange known as Atlantis. This development came up shortly after the cryptocurrency exchange, which claims…
ARK Invest chief executive Cathie Wood says that an explosive Bitcoin (BTC) price surge to $1,500,000 is still in the cards. In a new interview with science and tech entrepreneur Peter Diamandis, Wood says that ARK’s prediction for the flagship digital asset hitting a price tag of $1.5 million by 2027 still has time to play out. According to Wood, institutional investors will increasingly turn their attention toward the crypto king as its path strays away from traditional assets, eventually causing it to skyrocket. “The forecast was, our bull case was $1.5 million in five years, so that would have…
Ethereum is down this week despite recently setting its highest price in over two years, but the market lull didn’t stop someone from spending big on Wednesday: A CryptoPunks NFT was just purchased for more than $16 million worth of ETH. Punk #7804, one of just nine Alien Punks in the influential Ethereum NFT collection, traded hands for 4,850 ETH on Wednesday afternoon, or $16.42 million at the time of the sale. That makes it the second-largest CryptoPunks sale ever whether measured in ETH and USD. The sale comes just weeks after another Alien Punk (#3100) sold for 4,500 ETH,…
Solana-based decentralized exchanges have been busier than their Ethereum counterparts over the past seven days. The meme coin frenzy seems to have catalyzed higher volumes on Solana. Solana also boasts of higher capital efficiency than Ethereum and other chains, according to one research firm. Solana has replaced Ethereum as the No. 1 smart-contract blockchain by trading volume. Trading volume in Solana-based decentralized exchanges (DEX) has increased 67% to $21.3 billion in seven days, data tracked by DeFiLlama show. Volume in Ethereum-based decentralized exchanges rose 3% to $19.4 billion over the same period. There are 17 DEXes on Solana. Orca, the…