Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

This Bitcoin Metric Signals Caution Despite Attempts to Reclaim $67K: BTC Price Analysis

Bitcoin’s price has recently found support around the significant $60K price level, initiating a period of sideways consolidation correction. However, buyers are aiming to reclaim the $73K threshold in the mid-term, propelling the price towards a new all-time high. Technical Analysis By Shayan The Daily Chart A detailed analysis of the daily chart indicates that Bitcoin’s price has entered a mid-term corrective phase following a notable surge towards the all-time high of $73K. This consolidation has extended towards the crucial support region, delineated by the 0.5 ($62K) and 0.618 ($59.5K) Fibonacci retracement levels, where demand currently outweighs supply. Consequently, this…

BitcoinApr 3

What is the Ethereum ‘Purge?’

Ethereum, the pioneer of smart contracts, contracts, is gearing up for a transformation with its latest initiative, "The Purge." Recently, Ethereum co-founder, Vitalik Buterin discussed the upcoming phases of the Ethereum ‘Purge,’ on X. A quick note on next steps in Ethereum protocol simplification and node resource load decreases (aka "the Purge"):https://t.co/BAebCGrisB — vitalik.eth (@VitalikButerin) April 1, 2024 What is the ‘Purge?’ Let’s find out. ‍ Ethereum's Evolutionary Journey One of the primary pain points of Ethereum has been the soaring gas fees, making transactions prohibitively expensive for many users. As the network expanded, so did the disk space requirements,…

EthereumApr 3

Dogecoin Founder Questions Sanity of Crypto Holders

Billy Markus, known on the Twitter/X social media network as “Shibetoshi Nakamoto” and who created the iconic meme cryptocurrency, Dogecoin, together with Jackson Palmer in 2013, has frequently stated on Twitter that he does not believe in crypto as a long-term investment asset. "What it feels like to hodl crypto" In a recent tweet, he, it seems, questioned the sanity of cryptocurrency holders. In a short video shared by Markus, a man seems to be enjoying pretending that he wants to jump from a balcony of an apartment building, drinking household cleaner and similar things that are pretty harmful to…

AltcoinsApr 3

Why Block Has a Cap on Employee Headcount and Why It Does Not Support Ethereum

Earlier today, in a comprehensive discussion with CNBC’s Jim Cramer, Block Inc.’s CFO and COO Amrita Ahuja shared in-depth insights into the company’s strategic direction, innovative product offerings, and future growth prospects. Block, Inc. (formerly known as Square, Inc.) is a technology company co-founded by Jack Dorsey, who is also a co-founder of Twitter. Block focuses on financial services and mobile payments, offering a range of products that include payment processing for businesses, point-of-sale systems, and peer-to-peer money transfer via its Cash App. The company rebranded from Square to Block in December 2021 to reflect its broader commitment to blockchain…

BitcoinApr 3

Ethereum Price Drops To Support, Another Chance To Load ETH?

Ethereum price faced rejection and dropped from the $3,650 zone. ETH retested the $3,320 support and might start another increase. Ethereum started another decline and traded below the $3,500 support zone. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above the $3,450 resistance zone. Ethereum Price Dips Again Ethereum price struggled to continue higher above the $3,650 resistance. ETH faced rejection and started a fresh…

EthereumApr 3

Calvin Ayre leaves X after court finds Craig Wright is not Satoshi

Calvin Ayre, a gambling magnate who has funded many Bitcoin Satoshi Vision (BSV) projects, has taken to X (formerly Twitter) to announce that he is taking a break the day after the UK High Court ruled that Craig Wright is not Satoshi Nakamoto. Earlier this month, Ayre was confident that “Craig is winning” the lawsuit he has since lost. Despite this court ruling, Ayre claimed that he still knows that Wright is Satoshi. Ayre has been the principal financier behind nChain, a firm that has attempted to market a collection of ‘intellectual property’ it contends is related to ‘blockchain.’ Ayre…

AltcoinsApr 3

New Spot BTC ETFs Take Market Share From BTC Futures ETFs

The new US spot bitcoin ETFs, which launched in January after gaining the SEC's approval, have dramatically shifted the crypto industry landscape, and appear to be in the process of altering traditional finance. In fact, the new ETFs have been unprecedented in their levels of attention and initial demand over their first two months, and are leading to an urgent need for deeper analysis of bitcoin and crypto among traditional financial firms. The global trading and investment firm Exante, providing access to markets encompassing shares, ETFs, currencies, metals, and bonds across more than twenty locations, exemplifies this trend. Recognizing that…

BitcoinApr 3

48 US Lawmakers Ask SEC Chair Gensler to Clarify Whether ETH Is a Security — Warn of 'Negative Repercussions'

Forty-eight U.S. lawmakers have sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler asking him to clarify whether ether is a security. “The negative repercussions of the SEC implicitly or directly classifying ETH as a digital asset security will cascade throughout the digital asset marketplace both in the short and long term,” they warned. Congress Members Want to Know SEC’s Classification of Ether Forty-eight U.S. lawmakers sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler last week regarding ether (ETH) potentially being classified as a security by the Commission. In their letter,…

EthereumApr 3

Billion-Dollar Volumes and Then a Steep Drop Prompts Allegations of Wash Trading on Aevo

Some market participants alleged that Aevo's volume was recently inflated by wash trading, with some pointing to recent activity in out-of-the-money ether options as evidence. Asked about the accusations, Aevo said the increased volume might be tied to "airdrop farming." Wash trading, in which the same person acts as both buyer and seller on a trade to create a false sense of activity, is banned in conventional markets like stocks. Daily trading volume on the decentralized crypto perpetual and options exchange Aevo recently surged from around $100 million to over $4.5 billion, only to fall back to square one in…

AltcoinsApr 3

Bitcoin to hit $100k after confirming critical support

As the majority of assets in the cryptocurrency market are resuming their bullish move, the sector’s representative and its largest asset by market capitalization, Bitcoin (BTC), is no exception, and its advance could soon culminate with a new all-time high (ATH) peaking at $100,000. Specifically, Bitcoin closed last week above $65,000, which the maiden crypto asset has confirmed as support, and there are not many obstacles left on its way toward reaching the high target of $100,000, according to the analysis shared by pseudonymous crypto trading expert CryptoJelleNL on March 25. Bitcoin price prediction 2024 Indeed, if the crypto expert’s…

BitcoinApr 3