Author: NBTC
Coinbase has filed a motion to dismiss a lawsuit from BiT Global that challenges the firm’s decision to delist Wrapped Bitcoin (wBTC), according to a Jan. 21 court filing. This follows the denial of BiT Global’s earlier legal attempt to block the delisting through a court order. Last year, Coinbase removed wBTC from its platform due to concerns about its association with Justin Sun, the founder of Tron blockchain. The exchange cited Sun’s history of alleged fraudulent activities and market manipulation as posing significant user risks. In response, BiT Global filed a lawsuit to prevent the delisting, claiming it would…
Many Bitcoin options contracts expired today, with a total of 22,000 BTC options reaching their expiry amid the latest successful attempt at the $100K price mark. The expired contracts have a Put-Call Ratio of 0.95, reflecting a balanced sentiment between bearish and bullish positions. The Max Pain Point—the price at which the most options expire worthless—was recorded at $96,000. Meanwhile, the notional value of these contracts totaled $2.19 billion. $2.19B Expiry Amid Bitcoin $100K Rally Notably, the options expiry comes after a strong Bitcoin rally in the spot market that saw BTC surge above $100,000 again. This move shook off…
In the ever-evolving landscape of cryptocurrencies, Kraken emerges as a protagonist with innovative solutions like l’Ink, a secure and advanced system for transactions with USDT. Let’s see in this article how this tool could transform the future of the crypto ecosystem. Kraken Ink: the innovation that redefines transactions with USDT in the crypto world Enhanced security in transactions, speed, cost reduction How to use Kraken’s Ink for crypto transactions Kraken Ink: the innovation that redefines transactions with USDT in the crypto world The Ink by Kraken is an advanced solution designed to facilitate transactions with USDT, one of the most…
Despite holding above $90,000, Bitcoin faces mounting bearish signals, leaving traders cautious about a potential reversal. Bitcoin’s (BTC) momentum is turning bearish despite holding above $90,000, as Matrixport reports expanding lower Bollinger Bands, an approaching Greed & Fear Index of 10 — a historically key level for tradable lows — and a growing chance of downside. In a Friday research note, analysts at the Singapore-based blockchain firm said the 30-day rolling return is “nearing -10%, a level that has slowed or reversed downtrends since late 2022,” suggesting a potential opportunity for a trend reversal if key support levels hold. Bitcoin’s…
Informed Crypto News Blessed with tacit endorsements of President Donald Trump’s crypto projects and capitalizing on its leading competitor’s in-fighting, Solana’s value and popularity has skyrocketed over the past month. In the last 30 days, its market capitalization rallied $28 billion and its transaction priority fee 10X’d. As a result of all of this blockchain activity, fees and congestion have started to bog down Solana’s user experience, encouraging the creation of Solana Virtual Machine (SVM) blockchains. In the last 30 days, its market capitalization rallied $28 billion. Attempting to buck its association with Sam Bankman-Fried’s FTX and Securities and Exchange…
Bitcoin has surpassed $102,000 as institutional ETF inflows fuel the price rally. Will $111,570 be the next target? With the bullish recovery in the crypto market, Bitcoin has surpassed the $100,000 mark for the second time in 2025. Reaching a 24-hour peak of $102,088, the bull run is gradually gaining momentum. Amid the recovery, growing institutional support and rising bullish speculation present significant upside potential. Will a breakout at the $102,557 level result in a new all-time high as the crypto landscape turns bullish? Bitcoin Price Analysis In the 4-hour chart, BTC price action shows a continuation of the bullish…
Millions of people across India are getting much-needed exposure to the world of Web3 through none other than – Reliance Jio, one of the country’s biggest telecommunications providers. Earlier this week, the company launched JioCoin, a digital token designed to support the company’s wide network of digital products. JioCoin’s Current Functionality At the moment, JioCoin does not have a price, cannot be purchased, or transferred anywhere. It can only be generated by using the Jiosphere web browser. The generated tokens are then stored in a wallet on the Polygon blockchain. JioCoin’s Potential Uses While still in early development, people are…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Congressional Republicans are working to reverse new IRS guidelines that require so-called “custodial brokers” to report transactions. Rep. Mike Carey and Sen. Ted Cruz this week introduced corresponding resolutions seeking to “roll back the disastrous IRS broker rule.” The legislation comes weeks after a group of crypto lobbying firms sued the IRS over the rule. They claim the requirement “exceeds the agencies’ statutory authority, violates the Administrative Procedure Act (“APA”) and is unconstitutional.” As it currently stands, starting in 2025, custodial brokers are required to report…
MoonPay, the global leader in crypto payments, has launched Recurring Buys, a feature designed to automate cryptocurrency purchases. This innovation empowers users to steadily grow their crypto holdings without the hassle of constant market monitoring or manual management.—Crypto markets are notoriously volatile, leaving many investors overwhelmed. Recurring Buys tackle this challenge by implementing a dollar cost averaging (DCA) strategy. Users can schedule fixed-amount purchases at regular intervals, reducing the impact of market fluctuations while fostering long-term portfolio growth.Key Features at a Glance:Automation: Schedule purchases without daily involvement.Customization: Buy from 140+ cryptocurrencies, starting at $20.Flexibility: Adjust amounts, schedules, or cancel at…
Although a major rally is expected in Bitcoin in 2025, analysts are not in full agreement. While some analysts state that BTC may have already reached its cycle peak, others say that the peak is still to come. At this point, 21 Shares analysts noted that Bitcoin has not yet reached its cycle top according to three on-chain indicators. In their latest report, 21Shares analysts argued that Bitcoin has not yet reached the peak of this bull market cycle and there is still room for the market to rise, based on three on-chain indicators: MVRV ratio, unrealized net profit and…