Author: NBTC
Fed Chair Jerome Powell will speak at the New York Times DealBook Summit on December 4, and markets will be closely following Powell’s comments on the pace of rate cuts. Powell’s speech will take place at 21:45 Turkish time (UTC+3). The speech comes amid rising expectations following the release of the minutes of the Federal Reserve’s November monetary policy meeting, which revealed policymakers are taking a cautious stance on future rate cuts. Federal funds futures suggest markets are pricing in interest rates to fall from the current 4.5%-4.75% range to around 3.8% by the end of 2024. That’s a significant…
XRP could offer a new way to make international payments faster. Ripple’s technology connects different payment systems easily. Many renowed businesses are looking at XRP as a valuable tool for the future. The decline of the U.S. dollar’s purchasing power is pushing finance companies to seek alternative currencies for global business deals. Financial expert Versan Aljarrah says this shift leads to XRP being considered as a potential replacement for the U.S. dollar. Ripple’s digital asset may serve as a solution for cross-border payments while offering greater liquidity as the traditional financial system evolves. The new reserve currency system is already…
The United Nations Children’s Fund (UNICEF) has announced the launch of a fund to back startups building real-world solutions with emerging technology to protect children on the internet. According to an official announcement, the UNICEF Venture Fund is seeking firms to experiment with artificial intelligence (AI) and blockchain in its program countries. The solutions provided by the companies should have the “potential to create radical change for children.” The fund is particularly concerned with practical solutions that can help young individuals spot misinformation while building media literacy. Successful firms will receive as much as US$100,000 in equity-free funding with UNICEF…
Bitcoin’s bull pennant signals a potential breakout toward the $70K mark. Open interest in Bitcoin derivatives hits an all-time high, boosting market confidence. Traders employ bold strategies as Bitcoin nears critical resistance levels for a rally. Bitcoin’s price is pushing toward a breakout, showing bullish signals across the board. The massive bull pennant formation continues to unfold in October, with traders preparing for a rally. Open interest in Bitcoin derivatives has hit a record high, and liquidity is flooding into the market. With resistance levels breaking, a major move higher seems possible. The coming days could define Bitcoin’s path as…
Recursive Capital’s Fund I, backed by investors like Jack Dorsey, aims to support African Bitcoin start-up companies, focusing on infrastructure, mining, and cutting-edge technologies. The fund has already invested in several companies and plans to expand Bitcoin innovation across the continent. Recursive Capital, a venture capital firm focusing on investing in Bitcoin companies across Africa, has successfully closed the first round of its Fund I. The fund had strong support from major investors, including Jack Dorsey, Chairman of Block; Peter L. Briger Jr., former Goldman Sachs partner and Chairman of Fortress Investment Group; and Jeff Booth, author of The Price…
Cryptocurrency analytics company Santiment has published a list of altcoins that have seen the highest increase in mentions across social media platforms recently. According to the data, the list of cryptocurrencies with the highest increase in mentions is topped by a familiar name, Ethereum. However, we must point out that the other two altcoins are surprising. According to the list published by Santiment, the cryptocurrencies that have seen a spike in mention rates on social media platforms are listed as follows: Ethereum: According to analysts, the shift towards fees paid by rollups instead of fees paid by users on the…
Glacier Network, the earliest>DePIN and AI, has announced an exclusive partnership with SolidProof. The collaboration between Glacier Network and SolidProof targets to enhance>Web3 sectors. The platform took to social media to provide the details of this endeavor. 🦺 Partnership with @SolidProof_ioWe’re taking proactive steps to ensure Glacier’s system and $GLS are airtight and #SAFU.We want to deserve your confidence when engaging with Glacier’s vision for the future of data ownership, AI, and Web3.https://t.co/FczuHEh0oC — Glacier Network 🧊 $GLS (@Glacier_Labs) December 1, 2024 Glacier Network Joins Forces with SolidProof, Establishing a Trustworthy Ecosystem for Users With this partnership, Glacier Network intends…
Options show a bullish near-term bias for BTC and USD. Rising odds of a potential Trump victory have galvanized demand for BTC upside exposure. Historically, bitcoin (BTC) has largely maintained a negative correlation with the dollar index (DXY). However, this dynamic may break down around the U.S. election time if the prevailing options pricing is any guide. At press time, one-month 25-delta BTC risk reversals, the skew in the premium paid for calls relative to puts was 1.20, indicating a bullish bias for the next four weeks, according to options trading listed at the Chicago Mercantile Exchange, widely considered a…
Blockchain gaming franchise Illuvium revealed a collaboration this week with Casio’s G-Shock watch brand to release a collection of NFT cards. This collection will be used in the Illuvium Beyond card collection game. Illuvium Beyond is not to be confused with the other three illuvium games that launched this year. This is branded as a collectible card game with a leaderboard that tracks the points value of the top 100 players’ collection of cards, and is available to play on the Illuvium site. This G-Shock collaboration comes as part of the third wave of NFT cards released for Illuvium Beyond.…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Investors embraced a bullish optimism on pro-digital asset policies from the incoming Donald Trump administration, with the price of Bitcoin (BTC) soaring since his presidential victory earlier this month, hitting multiple milestones on its way to $100,000. It feels like the days of Tulip Mania for Bitcoin are back as its price surpassed $98,800 to touch a new record on Nov 21 after the US Securities and Exchange Commission announced Chair Gary Gensler will step down effective…