Author: NBTC

A closely followed analyst says Bitcoin (BTC) bears are close to rolling over as the top crypto asset by market cap continues to show strength. Pseudonymous analyst Cred tells his 645,000 followers on the social media platform X that the $64,000 price level is the line in the sand for BTC bears. According to the crypto strategist, a weekly close above the crucial price area will flip the market structure of Bitcoin from bearish to bullish. “We’ve only seen lower highs on the weekly thus far. Locally, this is the bears’ last stand i.e. last reasonable area where a lower…

Ethereum DeFi projects collectively burned 7,163 ETH from the system in the previous week, equivalent to $17.4 million in fees. Data from the Phoenix Group revealed that Uniswap became the most dominant protocol in burning 1,145.3 $ETH. The burn activity reflects the demand for DeFi services on the Ethereum network, as users interact with various protocols to trade and manage assets. TOP #ETHEREUM BURNER #DEFI PROJECTS#Uniswap $UNI #1Inch #Metamask #0xProtocol $ZRX #GnosisChain #Pendle #KyberSwap #Aave $AAVE #Paraswap #Tokenlon $LON pic.twitter.com/kJr8xnqCOj — PHOENIX – Crypto News & Analytics (@pnxgrp) October 6, 2024 Ethereum DeFi Platforms Drive Consistent Value Uniswap led the…

Hong Kong has become the global hub for digital bonds on the blockchain, with enabling regulations and an advanced investor base playing a major role. In yet another leap for the city-state, HSBC (NASDAQ: HSBC) has issued the first digitally native bond by a local private entity. On the regulatory front, the city’s two main financial watchdogs have pledged to align their digital asset over-the-counter (OTC) derivative rules with those of the European Union, as local laws aren’t robust enough for the sector. HSBC issues HK$1 billion digital bond HSBC has been championing the tokenization of the bond market globally;…

U.S.-based exchange Uphold has launched a campaign that allows XRP enthusiasts to win up to $20,000 in XRP tokens. Uphold announced this latest XRP promotion on Thursday via its official account on X. The campaign is called the “XRP Sweepstakes.” It promises a grand prize of $20,000 in XRP to one lucky participant, with an additional $5,000 to be shared among five runners-up. How to Participate in Uphold’s XRP Sweepstakes Notably, this campaign is designed to reward users for their activities on the exchange over a specified period. The XRP Sweepstakes opened for participation on October 3 and will end…

Recently, the U.S. Securities and Exchange Commission approved options trading for BlackRock’s iShares Bitcoin Trust ETF. Many acclaimed cryptocurrency options trading experts have welcomed the approval. In his latest post, Jeff Park, the head of Alpha Strategies at BitWise Invest, expressed his hope that the approval will make a positive shift in the financial landscape. Read more! Why Bitcoin ETF Options Matter Bitcoin ETF options provide traders with a new tool to amplify their exposure to Bitcoin. Jeff Park explains that this is the first time Bitcoin will be part of a regulated leverage market. Unlike stocks or commodities, it…

Este artículo también está disponible en español. Ethereum price started a fresh increase from the $2,300 support zone. ETH is rising and might aim for a move above the $2,550 resistance. Ethereum started a decent increase above the $2,350 and $2,420 levels. The price is trading above $2,420 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,435 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,525 and $2,550 resistance levels to continue higher in the near term. Ethereum Price Aims Higher Ethereum price remained…

More than 185 South Koreans in their 20s own over $750,000 worth of digital assets each, based on data from Upbit and Bithumb. As reported by Maeil Business Newspaper on Oct. 3, South Korean-based crypto exchanges Upbit and Bithumb submitted a “Virtual Asset Holding Status” report to Ahn Do-gul of the Democratic Party of Korea through the Financial Supervisory Service. The report revealed that as many as 3,759 South Koreans held crypto accounts worth more than ₩1 billion won (around $750,000) by the end of 2023. Among them, more than 185 investors in their 20s constituted the third-largest group, each…

Shiba Inu investors holding between 50 million and 250 million tokens will see their investments skyrocket at varying price targets. The broader crypto market has hit a roadblock in recent times amid growing tensions in the Middle East. Bitcoin (BTC) collapsed from a high of $66K and is now struggling to retain the $60K psychological support. This downturn has impacted other crypto assets, including SHIB. Shiba Inu Holders Resilient Amid Downturn During the uptrend recorded in late September, Shiba Inu rebounded to a three-month peak of $0.00002169. However, with the recent correction, the dog-themed token has now slumped 24% to…

Amid uncertain times for the world economy, prominent investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki believes Bitcoin (BTC) is one of the ways to preserve one’s wealth and predicts it will skyrocket in the years to come. Specifically, Kiyosaki said Bitcoin will reach the price of $500,000 in 2025 and then $1 million by 2030 because artificial intelligence (AI) “is going to shake up the world of money,” as he recommended investment banker James Rickards’ upcoming book ‘MoneyGPT,’ in an X post on September 21. MOST IMPORTANT BOOK TODAY: Friend Jim Rickards…

Depending on where you live, any profits you make from crypto gaming might be subject to income or other taxes. In the US, if you live in a state where online gambling is legal, the winnings you withdraw are liable to income tax paid at your appropriate rate. Furthermore, if you withdraw the winnings as crypto, you will be subject to capital gain or loss when you convert the crypto to fiat currency. In some cases, crypto gaming profits might be treated as capital gains, rather than income, which means players will typically pay less tax. In the UK, gambling…