Author: NBTC

Square Enix, the studio behind the Final Fantasy games, reported profits for the recently ended fiscal year. The developer attributes its profitability to the success of its mobile and MMO games, such as Final Fantasy 14. However, despite its profitable performance, the game developer continued making structural changes. In a report released by Square Enix, Final Fantasy 14 was highlighted as the main reason for the company’s “digital financial” positives in the completed fiscal year that ended in March 2024. The 250.1% operating profit was reported despite the studio’s recent releases not performing well. The studio did not have any…

An analyst has pointed out how an indicator is forming a signal for Bitcoin that has proven to be quite bullish for the asset during the past two years. Bitcoin Daily RSI Has Dipped Into The Oversold Territory In a new post on X, analyst Ali Martinez has discussed the latest trend forming in the Relative Strength Index (RSI) for Bitcoin. The RSI is a popular technical analysis indicator that keeps track of the speed and magnitude of recent changes in BTC’s price. This metric represents its value on a scale from zero to a hundred. When the indicator has…

The global cryptocurrency regulatory landscape has evolved rapidly over the past few years, and this swift pace of regulatory rulemaking is unlikely to slow down anytime soon. Lawmakers are increasingly shifting their focus from centralized cryptocurrency exchanges to decentralized finance (DeFi) protocols and applications (dApps). The passage of MICA legislation in the EU is already putting pressure on DeFI firms to start KYCing their users due to the fact that only “truly decentralized” projects are exempt from MICA when in reality most DeFi applications do have an organization or individual ultimately controlling them. Additionally, the EU commission has a target…

Ethereum nosedived by more than 20% on Monday morning, a casualty of a badly bleeding crypto market that appears to have been dragged down by worrying signs of a potentially imminent global recession. As Asian financial markets woke to a bloodbath early Monday, ETH plummeted some 22%, from nearly $3,000 to $2,280 at writing. But the damage caused by Monday’s still-unfolding events was by no means contained to Ethereum. Across the board, crypto tokens have hemorrhaged billions of dollars worth of value. Earlier this morning, the collective value of the crypto market fell beneath $2 trillion, to about $1.89 trillion…

Ripple has reportedly divested its stake in Tranglo, a partner company that utilizes XRP to facilitate international payment transactions. Crypto Eri, a reputable figure in the XRP community, first called attention to this development in a post on X today. She cited information from Crunchbase, a trusted platform for business information. According to Crunchbase’s recent update, Ripple’s list of investment exits now includes two notable partners: Bitstamp exchange and Malaysian payment firm Tranglo. Crypto Eri suggested that Ripple likely exited Bitstamp due to the impending acquisition by prominent American investment platform Robinhood. However, the reported exit of Tranglo caught the…

Bitcoin price gained bearish momentum and traded below $60,000. BTC is signaling a short-term downtrend and might face hurdles near $62,000. Bitcoin started a fresh decline from the $62,550 resistance level. The price is trading below $61,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $62,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but upsides might be limited above the $62,000 resistance zone. Bitcoin Price Nosedives Bitcoin price failed to recover above the $63,500 level. BTC struggled above $63,000 and…

Donald Trump Jr., son of former US President and new Presidential candidate Donald Trump. and Eric Trump announced that they were working on a new cryptocurrency project in the development they shared a few hours ago. Claiming that they would shake up the cryptocurrency world with a “major development”, the duo announced that decentralized finance (DeFi) was the future. Now, some researchers have found new information about the details of this project. Steve Witkoff was recently spotted using the same hashtag that Donald Trump used to promote his sons’ cryptocurrency projects before the promotion. Steve Witkoff is a well-known real…

On August 5, 2024, ethereum’s price action has been dominated by strong bearish sentiment across multiple timeframes. While short-term consolidation suggests some indecision, the overall market indicators point towards continued downward pressure. With critical support levels approaching, traders should exercise caution as the market searches for stability. Ethereum Ethereum’s price is facing significant downward pressure as revealed by the 1-hour, 4-hour, and daily charts. The 1-day chart indicates a pronounced downtrend, with the price having peaked at approximately $3,565 before declining to around $2,017. The strong selling activity, as evidenced by large red candles and a volume spike during the…

The Ethereum layer-2 (L2) scaling solution of Shiba Inu ecosystem Shibarium is in the community’s spotlight, as many users have hinted at the improving interface for the protocol. Specifically, executive member LucieSHIB amplified conversations regarding the bridge from community members, a trend that has boded well for ecosystem tokens. SHIB, BONE, LEASH in trigger mode With the increasing embrace of the Shibarium bridge, the positive sentiment has trickled down to trigger bullish sentiment in Shiba Inu (SHIB), Doge Killer (LEASH) and Bone ShibaSwap (BONE). Based on market data, the trio is on a bullish rally, with SHIB jumping by 3.61%…

Metaverse land prices have fallen nearly 95% from their peak values, according to a CoinGecko report. In 2024, the cost of metaverse lands ranged between 0.08 ETH and 1.88 ETH, representing an average 72% drop from their all-time high. Over the years, the price drops compared to their peaks were 34% from 2023 and 55% from 2022. Among the various metaverse projects, Sandbox has experienced the most notable decline. Its average floor price fell from 2.86 ETH in 2021 to 0.13 ETH in 2024, marking a 95% decrease. Conversely, NFT Worlds, which rebranded to TOPIA Worlds in 2023 under the…