Author: NBTC

While there were sharp declines in Bitcoin and altcoins last week due to the tension between Iran and Israel, recoveries started this week. As BTC surpasses $66,000, CoinShares releases its weekly cryptocurrency report. Stating that cryptocurrency investment products experienced outflows totaling $206 million for the second week in a row, Coinshares said that these outflows were due to investors’ concerns about interest rate expectations. “Cryptocurrency investment products saw outflows totaling $206 million for the second week in a row as investors worried about interest rate expectations.” Ethereum (ETH) Sales Continue for the 6th Consecutive Week! When looking at crypto funds…

Binance, the world’s largest crypto exchange, recently burned over 4 billion Terra Classic (LUNC) tokens, reigniting hope in the revival plan and a potential push to $1. The burn, which occurred on April 1, represents the exchange’s commitment to bolstering the Terra Classic revival campaign. Data from Terra Finder confirms that the exchange incinerated exactly 4,175,855,418 (4.17 billion) LUNC worth $585K+ at current prices. This figure represents 50% of the fees accumulated by Binance on Terra Classic trades for the month of March, as promised by the leading exchange. Recall that Binance pledged to burn 50% of its LUNC trading…

Worldcoin executives have met with top Malaysian officials amid ongoing privacy concerns and regulatory challenges. According to a recent social media post by the Malaysia Digital Economy Corporation, the engagement highlighted the key role of MDEC’s programs, demonstrating potential collaboration opportunities including strategic expansion into Malaysia. The Deputy General Secretary of the Ministry of Digital, Malaysia Digital Economy Corporation CEO Ts. Mahadhir Aziz, and Director General of the Department of Personal Data Protection Mohd Nazri bin Kama attended the meeting. Exciting discussions today as we met with Nordstar and its impressive lineup of portfolio companies including Nothing, Airwallex, and Worldcoin.…

While the leading cryptocurrency Bitcoin has been experiencing an unstoppable rally in recent days, a new ATH has been reached by exceeding $ 72,000. At this point, while investors are pleased with the rise of BTC, they are also wondering whether the rally will continue. At this point, Singapore-based cryptocurrency company QCP Capital evaluated Bitcoin and Ethereum in its new report. Noting that BTC and ETH reached new highs of 72,944 and 4,094 respectively tonight, analysts said that the situation is less optimistic for ETH. Because, according to reports published yesterday, the probability of approval of a spot Ethereum ETF…

Trust Wallet, a well-known web3 gateway and crypto wallet, has announced an exclusive partnership. The company says that it is integrating with GoMining (a prominent NFT platform) to introduce an exclusive NFT collection named Trust Box. On its official X account, the company revealed the latest announcement of the partnership. We’ve teamed up with @GoMining_token to launch the Trust Box #NFT Collection: your path to daily $BTC earnings + a share of 200,000 $GoMining airdrop!There are 3 stages to earn points. More points = higher rewards chances! 🎉Let’s go! 🧵👇https://t.co/ekqXr8LBoD pic.twitter.com/63JLImNCdG — Trust Wallet (@TrustWallet) April 23, 2024 Trust Wallet…

Ethereum edges above $3,000, crossing the 100 EMA, but despite the breakthrough, there is a possibility of a bearish reversal seen on the ETH/USD price chart. The climb, while positive, shows signs that it might not have the steam to break through the 26 EMA convincingly. This short-term moving average is proving to be a tough resistance for the second-biggest cryptocurrency, but it should not. The trading volume for Ethereum is unfortunately on the decline. The downtrend in volume could be a red flag, suggesting that the recent price increase might be running out of fuel. Volume often confirms trends…

Turkish investing startup Midas has secured $45 million in a funding round led by Portage of Canada to launch crypto services. Midas, Turkey’s retail investing app, has said in a press release it had raised $45 million from a group of investors to expand its offerings, particularly in crypto trading. The Series A funding round was led by Portage of Canada, with participation from International Finance Corporation, Spark Capital, Earlybird Digital East Fund, and Revo Capital. “Just a few years ago, Turkey did not have a strong investing culture and the market was stagnant – but thanks to Midas, that…

In exciting news for the cryptocurrency community, fintech giant Ripple will issue its USD-backed stablecoin, which is intended to expand utility and liquidity to XRP Ledger. This move is historic for the XRP Ledger community, driving more use cases, liquidity and opportunities for developers and users. In this light, Ripple CEO Brad Garlinghouse took to X to express his excitement about the landmark move. “Launching a stablecoin is a natural step for Ripple as we bridge the gap between traditional finance and crypto,” Garlinghouse wrote, lauding Ripple’s track record and resiliency, which speak for themselves. Launching a stablecoin is a…

Binance founder and former chief executive Changpeng “CZ” Zhao has apologized for his “poor decisions” and accepted “full responsibility” for his actions in a letter to the judge overseeing his case filed on Tuesday. Zhao is scheduled to be sentenced on April 30 after he and Binance settled charges with the U.S. Department of Justice (DOJ) in November 2023. Despite Zhao waiving the right to appeal any sentence up to 18 months back then, the DOJ has now sought a 36-month sentence. Read More: Binance Founder Changpeng Zhao Should Spend 3 Years in Prison, DOJ Says In the letter addressed…

Former Blockstream CSO and now head of the Jan3 Bitcoin-focused company Samson Mow is a rigid Bitcoin maximalist who expects the leading cryptocurrency to reach $1 million no matter what. While praising Bitcoin ETFs and criticizing the much-awaited spot ETFs based on Ethereum, Mow has recently made a few super-bullish statements on the further potential surge of Bitcoin price. ‘We haven’t really started with Bitcoin price run yet’ Samson Mow has commented on the new price all-time high smashed by Bitcoin on March 11 when it suddenly surpassed $72,000, reaching the $72,880 level a day after breaking above $72,200, thus…