Author: NBTC

Prominent figures in the cryptocurrency law community have accused the US Securities and Exchange Commission (SEC) of overstepping its bounds in its latest crackdown on crypto companies. The criticism comes after cryptocurrency and stock brokerage Robinhood announced that it had received a Wells Notice from the SEC regarding cryptocurrencies. Variant Fund’s Chief Legal Officer, Jake Chervinsky, expressed on social media his surprise at the number of Wells Notices the SEC has sent to crypto companies in recent months. “It is hard to imagine that they would (or could) make so many enforcement decisions at once,” he wrote, adding: “They appear…

Bitcoin maximalist and chief executive at Jan3 Samson Mow has spoken to Forbes about the halving that is now in the rearview, the Bitcoin supply shock that he expects in the near future and about the ultimate Omega candle that will perhaps push BTC to $1 million. Omega Candle in sight! Omega Candle in sight! The #halving is proof that this system works, but it also means a supply shock is coming for any parties looking to buy large amounts of #Bitcoin. Check out @Excellion’s comments on the recent halving in this @Forbes article by… pic.twitter.com/xp23ulxQIJ — JAN3 (@JAN3com) April…

The Ethereum (ETH) price is currently undergoing a correction, with the price approaching significant Fibonacci support levels. Whether Ethereum will break this support bearishly or not remains uncertain. The possibility of Ethereum reaching a new annual low largely depends on market dynamics and investor sentiment. While there’s always the possibility of further downside, it’s also plausible that Ethereum could reverse its trend and move upward again in the near future. Ethereum’s Price Trend: Ongoing Correction Continues The Ethereum price has experienced a decline of approximately 31.3% since reaching a recent peak of around $4,094 the month before last. This substantial…

The Digital Chamber, a crypto trade association, condemned the SEC for submitting a Wells notice to Robinhood Crypto. In a statement on May 6, the association expressed “profound disappointment and concern” over the action and called it an example of regulatory overreach. The Digital Chamber emphasized its ongoing opposition to the SEC extending its reach without authorization from Congress. It noted that Congress is “actively deliberating legislation” to define regulatory jurisdiction over crypto and said the SEC has violated the process. To address jurisdictional issues, the Digital Chamber urged for “immediate legislative action” and said SEC Chair Gary Gensler should…

Bitcoin’s fourth halving has come and gone, and its effect can already be seen with an over 3% price bump since the event — a sign of upcoming growth compared to past halvings. Historically, halvings have shown a mix of short-term reactions but tend to lean toward a bullish trend over the long run. Yet, it is crucial to note that there are not many past events from which to form a solid case. Beyond market fluctuations, the weekend following the halving saw a significant spike, not in price, but in transaction fees. Bitcoin’s network fees skyrocketed to a record…

The recent series of transfers by the Ethereum Foundation to the multisign address “0xbc9” has caught the attention of market observers, sparking concerns about potential volatility in Ethereum’s price. In the latest transaction reported by Spot On Chain, the foundation moved 1,000 ETH, valued at $3 million, to the aforementioned address. This action is part of a larger trend, as the foundation has already transferred a total of 5,000 ETH to the same address since the beginning of 2024. What is notable about these transfers is their potential impact on the market. Analysis reveals that a considerable portion of the…

While the USD-denominated value of Solana’s (SOL) staking ecosystem hits $70 billion, cryptocurrency enthusiasts are guessing whether its economics are safer than those of its key rival Ethereum (ETH). Solana (SOL) might finally be close to Ethereum (ETH) by this metric With the aggregated staking value of $70 billion in equivalent, Solana’s (SOL) economic security is getting close to that of Ethereum (ETH). At the same time, this indicator remains one of the main catalysts for L2 choosing Ethereum (ETH), Jun Soo Kim of Apybara staking platform says. The nuance missed here is that $70B is staked because a large…

As Bitcoin grapples with the $67,000 threshold, a price point that has become a battleground for bulls and bears alike, Michael Saylor, MicroStrategy Chairman, interjects a moment of levity into the tense market atmosphere with a tweet, simply stating, “Need a lift?” This remark, while seemingly casual, carries the weight of the current market sentiment and anticipation for its next big move. Need a Lift? #Bitcoin pic.twitter.com/AaDg16zDNM — Michael Saylor⚡️ (@saylor) April 23, 2024 The $67,000 mark is not just another number — it represents a key level that Bitcoin is presently attempting to surpass. A sustained break above this…

Amid turbulence surrounding the crypto market, popular founder and Chief Executive Officer (CEO) of Into The Cryptoverse Benjamin Cowen has taken the spotlight to shed his insights on the recent downtrend observed in the Ethereum/Bitcoin (ETH/BTC) pair. Cowen’s views examine the complex relationship between Ethereum and Bitcoin pricing and the potential for further downside risk. According to Benjamin Cowen, the ETH/BTC pair is currently on the downside, and the last 2 times that the pair declined, ETHUSD witnessed a steep decline of around 70%. Given that the crypto community has been eagerly anticipating an Altcoin season for the past 2.5…

Shiba Inu prices soared about 300% at the start of March, reaching a peak of $0.000045 on March 5. SHIB’s price plummeted afterward as a result of profit-taking. After reaching a low of $0.0000235 on March 16, SHIB entered range trading, oscillating between $0.000023 and $0.000030. On-chain data lends credence to this technical narrative. Where SHIB presently trades, 100.93 trillion SHIB were bought by 140,030 addresses in the range between $0.000023 and $0.000030 at an average price of $0.000026. The large size of the cluster indicates that this is a key price range on-chain where a large number of addresses…