Author: NBTC

Ethereum price started a downside correction below $3,650. ETH traded below $3,500 and is currently attempting a decent recovery wave in the near term. Ethereum started a downside correction below the $3,700 zone. The price is trading below $3,700 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,660 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its increase if it clears the $3,750 resistance zone. Ethereum Price Dips Ethereum price started a downside correction below the $3,800 and $3,700 levels, like Bitcoin. ETH declined below…

Prominent figures in the XRP community have argued that the XRP tokens locked in escrow by Ripple have a fundamental role in turning the asset into a global reserve currency. This sentiment came from Edward Farina, Head of Social Adoption for XRP Healthcare, and Versan Aljarrah, the founder of Black Swan Capitalist. Recently, Farina and Aljarrah conducted a live session discussing XRP’s potential as a global reserve currency, a conversation that gained renewed attention following a recent report by The Crypto Basic. In particular, the report highlighted statements from the CEO of a German venture capitalist firm, who asserted that…

The Financial Conduct Authority (FCA) has released its Business Plan for the 2024-2025 financial year, outlining a comprehensive work program to improve consumer and market outcomes. This plan marks the final year of the FCA’s three-year strategy to prevent serious harm, set higher standards, and promote competition in the financial sector. The FCA’s priorities for the upcoming year include protecting consumers by ensuring firms meet the high standards set by the Consumer Duty, supporting long-term financial wellbeing through the Advice Guidance Boundary Review, and ensuring pension products deliver value for money. The regulator also aims to contribute to UK competitiveness…

Changpeng “CZ” Zhao, the founder of cryptocurrency exchange Binance who stepped down as CEO in November in a settlement over federal money laundering charges, announced plans Monday to launch a new nonprofit online education platform called Giggle Academy. “Let’s make basic education accessible and entertaining to children all around the world,” he wrote on Twitter, noting that Project Giggle is hiring and that one of the benefits is the chance to work directly with him. “Free basic (grade 1-12 ish) education for all, no revenue, gamified, adaptive,” he explained, providing a link to the Project Giggle concept paper and website.…

BlackRock has filed an amendment with the SEC to integrate Bitcoin exposure in its Strategic Income Opportunities Fund (BSIIX), according to a March 4 filing. BSIIX’s total fund size stood at $36.5 billion, while its share class total net assets were $24.2 billion as of March 1. The fund typically invests in fixed-income securities and other market sectors under certain conditions. Bitcoin exposure The inclusion of spot Bitcoin ETFs in the fund’s portfolio is expected to bolster its appeal and performance, offering a contemporary investment avenue alongside traditional assets. According to the filing dated March 4, BlackRock intends to procure…

Merit, Aave’s latest alignment reward program, has gone live today and will be airdropping 280 wETH to wETH borrowers. GHO borrowers and stakers can also be expected to earn rewards from an airdrop next week. According to a press release reviewed by Blockworks, $2.1 million in wETH and $2.9 million in GHO will be spent over an initial 90-day period, and an extension proposal will be presented to the Aave DAO in April. Merit is designed to reward actions that benefit the Aave DAO, a twist in the competitive landscape of the DeFi space. Specifically, it uses a booster-based reward…

Ethereum’s journey through financial markets on March 18, 2024, showcases a complex landscape marked by its recent price movements and technical indicators. Amidst a volatile environment, ether is priced at $3,578 per unit, reflecting the intricate dance between buyers and sellers. Ethereum The 24-hour trading range for ethereum (ETH) oscillated between $3,534 and $3,672, presenting a relatively tight corridor for traders. This price action, coupled with a substantial $431 billion market capitalization and a $19.72 billion trading volume, underscores ether’s significant role in the crypto economy. Delving into the oscillators—a set of indicators reflecting the momentum and possible reversals—ether’s landscape…

In a week marked by significant technological strides, Cardano’s native cryptocurrency, ADA, surged by an impressive 16.5%, reaching a peak of 20% in value. The price surge propelled ADA to $0.7, consolidating its position as the eighth-largest digital asset by market capitalization, which now stands at a formidable $24.45 billion. The surge in ADA’s price was not an isolated event but rather a reflection of the substantial progress witnessed across the Cardano ecosystem. Major developments in core technology, smart contracts, scaling solutions and governance initiatives have set the stage for ADA’s remarkable ascent. Cardano development week In terms of core…

Representative French Hill of Arkansas, who currently chairs the United States House Financial Services Subcommittee on Digital Assets, Financial Technology, and Inclusion, has set his sights on assuming the leadership of the full committee following the departure of Patrick McHenry. According to a recent report from Punchbowl News, Hill is among the contenders vying to chair the full financial services committee starting in January 2025, coinciding with the end of McHenry’s term. McHenry, who has served in office for two decades, announced in December 2023 that he would not seek re-election. Hill Chaired Digital Asset Subcommittee Since Establishment Since its…

Tokenization platform Libre, which is working with Nomura’s Laser Digital, Brevan Howard’s WebN Group and Hamilton Lane, goes live. Libre has added a tokenized version of a BlackRock money-market fund so investors can earn yield while parking their capital. CEO Avtar Sehra says collateralized lending with Nomura’s Laser Digital as liquidity is planned for early in the third quarter. Libre, the startup led by tokenization pioneer Avtar Sehra and working with Nomura’s Laser Digital, Brevan Howard’s WebN group and private markets giant Hamilton Lane, has gone live, the company said on Tuesday. As well as tokenized access to Brevan Howard…