Author: NBTC

Bitcoin price is consolidating gains above the $69,000 support zone. BTC must clear the $71,500 resistance zone to start a steady increase. Bitcoin price is still showing positive signs and facing resistance near $71,500. The price is trading above $69,000 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support at $69,120 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $71,500 resistance zone. Bitcoin Price Holds Support Bitcoin price remained in a positive zone above the $68,800 resistance zone.…

Fintech Breakthrough recognizes Ripple’s expertise in the payment industry as the company wins awards for best cross-border payments and DeFi infrastructure platform for 2024. Ripple’s role in the payment sector cannot be overemphasized. Since its launch in 2012, the California-based company has provided enterprise-grade infrastructure, enabling businesses to leverage blockchain to send and receive payments cheaper, faster, and more efficiently across borders. Ripple Wins Prestigious Awards Given its expertise in the global payment sector, Ripple was recognized as the Best Cross-Border Payments Platform and Best DeFi Infrastructure Platform in the 2024 Fintech Breakthrough Award program. The top crypto payments company…

Controversial public figure Edward Snowden has warned that the U.S. SEC will lose hard in its ongoing case against Coinbase. On Wednesday, a United States district judge ruled that the Securities and Exchange Commission (SEC) can proceed with its lawsuit against Coinbase. Judge Katherine Failla denied Coinbase’s motion to dismiss the case, arguing that the SEC has provided sufficient evidence that the exchange may be violating securities laws with its trading and staking products. This will give SEC the opportunity to prove its case. While the ruling evidently goes against Coinbase at this stage, the exchange has claimed that it…

Nexo, a digital asset trading platform, announced the addition of seamless peer-to-peer (P2P) transfer features allowing users to make free and instant cryptocurrency transfers via email or mobile. With Nexo’s innovative solution, individuals can now dispatch crypto swiftly and without incurring any costs, with recipients able to claim their funds promptly upon receipt. Moreover, Nexo obviates the need for cumbersome crypto addresses, allowing users to effortlessly send crypto to both existing platform users and friends who have yet to join, simply by entering an email or phone number. Chief product officer at Nexo, Elitsa Taskova emphasized the importance of seamless…

Some traders warned of a further market-wide pullback if bitcoin lost the $69,000 level in the coming days. Dogecoin jumped 6%, while Bitcoin Cash saw a 13% rise ahead of an expected halving event on April 4, which historically has preceded a bull market for the token. Bitcoin (BTC) prices were little changed over the past 24 hours amid few catalysts after a volatile week. Prices briefly jumped above $71,000 on Tuesday, but have since retreated and remain steady around $70,000 level ahead of a major options expiry on Friday. Most major tokens posted slight losses. CoinGecko data shows that…

HTX, Bitget, and BingX have pledged to donate trading fees to support the Slerf community after the anonymous meme coin developer accidentally burned $10 million in presale funds. Crypto exchanges HTX (formerly Huobi), Bitget, and BingX have announced their commitment to donate proceeds generated from trading activities involving the Slerf token to investors who took part in private sales but suffered losses due to the accidental burning of a significant portion of the token supply by the project’s developer. In an X announcement on Mar. 19, crypto mogul Justin Sun said that HTX will allocate trading fees to “everyone who…

Indonesia’s Financial Services Authority (OJK) takes over regulation of the crypto industry from the commodities agency Bappebti in January 2025. Crypto firms will have to pass an evaluation in a sandbox environment by the new regulator before they are granted approval to operate in the country. Crypto firms will need to be evaluated in a regulatory sandbox before they’re licensed to operate in Indonesia once supervision of the industry passes to the Financial Services Authority (OJK) in January 2025. “This aligns with our spirit at OJK, particularly in consumer protection and education,” Hasan Fawzi, the regulator’s head of supervision for…

HKbitEX, known formally as Hong Kong Digital Asset Trading Group Co., Ltd., was granted preliminary approval for a Virtual Asset Trading Platform (VATP) license by the Hong Kong Securities and Futures Commission (SFC). This approval encompasses Type 1 (securities trading) and Type 7 (automated trading services) regulated activities under the Securities and Futures Ordinance (SFO). With this in-principle nod, HKbitEX is set to enhance the virtual asset trading landscape, offering both automated and over-the-counter trading solutions for digital currencies such as Bitcoin and Ethereum according to a press release by the firm. This move also paves the way for the…

Yesterday something curious happened: the news came out that a whale moved a large amount of Bitcoins that had not moved since 2010, but when this news spread, the price of BTC did not react at all. Usually news like this spreads some apprehension in the market, but this time it has been completely ignored. This seems to show that the price of Bitcoin is once again going its own way at the moment, until the halving on April 20th. Bitcoin moved by the whale and the price reaction The movements of the whale The price of Bitcoin Bitcoin moved…

DAMN, a freshly launched meme coin on Shiba Inu (SHIB) blockchain Shibarium, has gained massive traction, becoming one of the hottest coins on market tracker DEXTools. The Shiba Inu community has welcomed a meme coin DAMN, otherwise called SOL Killer, as the token launched on the ecosystem blockchain. This meme coin went live for trading yesterday and has soared by over 39%. DAMN has generated significant buzz in the Shiba Inu community amid its launching on Shibaium and its moniker “SOL Killer.” This naming suggests the meme coin sets out to defeat similar tokens on the Solana blockchain that have…