Author: NBTC

In what’s become a familiar pattern over the past few months, a rally in bitcoin (BTC) to a key level was met with a wave of selling as the price during Monday morning U.S. hours quickly plunged more than 3% after pushing above $70,000 for the first time since early June. At press time, bitcoin was changing hands at $67,800, roughly flat over the past 24 hours. The broader CoinDesk 20 Index was higher by 1.1% over the same time frame, helped along by sizable gains for bitcoin cash (BCH), litecoin {LTC}} and solana (SOL). Traders will be familiar with…

Ethereum price started a downside correction from the $2,700 resistance. ETH is now above the $2,550 support and might aim for more gains. Ethereum is aiming for a fresh increase from the $2,550 support. The price is trading below $2,620 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $2,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above the $2,550 support to start a fresh increase in the near term. Ethereum Price Sees Downside Correction Ethereum price struggled to clear the $2,700 resistance zone. ETH…

Popular meme-inspired cryptocurrency Shiba Inu (SHIB) is once again in the spotlight in the dynamic world of crypto, as an unknown new whale allegedly withdrew billions of tokens from major U.S. exchange Coinbase. Thus, according to on-chain data displayed by Arkham Intelligence, the entity behind the “0x73f8” address has withdrawn 165.37 billion SHIB in the last five days, which is equivalent to $2.26 million in current prices. This amount of Shiba Inu tokens was withdrawn in three transfers, with the latest consisting of 97 billion SHIB, worth $1.33 million, happening over the last 17 hours. It is worth noting that…

The UK’s Financial Conduct Authority (FCA) has unveiled plans to strengthen safeguarding regulations for payments and e-money firms, aiming to better protect customers in the event of business failures. The proposed rules come amid growing concerns over “poor safeguarding practices” in the rapidly expanding payments sector. According to the FCA’s Financial Lives Survey, the use of current accounts with e-money institutions has increased five-fold between 2017 and 2022. “We’re consulting on proposals to make safeguarding rules stronger and clearer for payment and e-money firms,” commented Matthew Long, Director of Payments and Digital Assets at FCA, “so customers get as much…

I’m not a crypto guy. I don’t have a wallet and I haven’t invested in Bitcoin, Ethereum, or any silly meme coins. And while I love video games and have written about them for years, the world of crypto gaming is uncharted territory for me. As such, Pixels—the Ethereum-based online farming game—is something new for me, though it immediately reminds me of another hugely popular game: Pixels is essentially the charming indie gem Stardew Valley, but with a crypto twist. I cannot stress how similar this game is, visually and mechanically, to Stardew Valley. I’ve been playing both games in…

Bitcoin miners got a bit of a breather on Wednesday as the network’s difficulty dropped by 4.6% at block height 862,848. For the next two weeks, the process of finding a block subsidy is 4.6% easier than it was during the previous 2,016 blocks, which had the highest difficulty level ever recorded. Bitcoin’s Mining Game: Difficulty Lowers, Hashrate Poised to Grow Prior to this adjustment, bitcoin’s difficulty was holding steady at 92.67 trillion between block heights 860,832 and 862,848. During that stretch, the hashprice—the estimated daily earnings per petahash per second (PH/s) of SHA256 hashpower—was valued at $41.12 per PH/s.…

Fox Wallet, a multi-chain Web3 wallet, has announced a new partnership with Tonshi, a unique sushi clicker game on the TON blockchain. This collaboration aims to bring enhanced features and accessibility to users within Ton ecosystem. Breaking News🍣Let’s welcome @FoxWallet as our strategic partner for the project. In the future, we will have more joint activities for everyone, so please look forward to it, Sushi Masters !FoxWallet is a multi-chain web3 wallet where users can access a wide range of… pic.twitter.com/Gemezg3SBQ — Tonshi 🍣 (@Tonshi_2024) September 25, 2024 1 Million Users Trust Fox Wallet for Blockchain Interactions FoxWallet has set…

Faced with rejection at $70K, Bitcoin is down to $68,100 within hours. Is this the end of Bitcoin’s recovery rally, or will the bull run continue to end the week above $73K? Within hours of hitting the $70K milestone after a month-long correction phase, the price of a single Bitcoin is back to $67,800. The intraday pullback drops the three weeks returns to 24% and forms a high rejection candle. As the bullish positions are losing their strength, Bitcoin and altcoins are at shaky grounds. So, will the BTC price trend suffer a huge correction this week or a strong…

Taking a look at the future of Ethereum, it seems like we have a bullish shift trend driven by a reasonably good rise in funding rates across exchanges. This indicates that traders are expecting a better outlook for Ethereum in the future. #Ethereum Futures Signal Bullish Shift“The rise in funding rates indicates an increase in buying activity among futures traders, signaling that market participants may be turning more bullish.” – By @ShayanBTC7 Link 👇https://t.co/8sSZpBCCTv pic.twitter.com/5XuWKAIfWG — CryptoQuant.com (@cryptoquant_com) September 25, 2024 The 30-day moving average of funding rates has been rising, as pointed out in the recent market analyses, signaling…

Strange things have happened in the meme coin space in recent months. We’ve seen a Solana developer end up in the hospital with third-degree burns trying to boost his coin, purported incest used to induce traders to pump a price, and rappers and reality TV stars launching their own tokens. And that’s just the tip of the iceberg. Thousands of wild tickers inspired by dogs, cats, presidential candidates, and more are emerging daily, but one in particular—bluntly and somewhat morbidly named “Dead Dad Coin”—stands out with a backstory that comes across as less of a stunt than it might appear…