Author: NBTC
Ethereum (ETH) has captured the attention of investors this month with its sharp price movements. As of August 16, Ethereum is trading around $2,576, following a significant rally earlier in the month. This upward momentum saw Ethereum climb from $2,200 to $2,770, marking a remarkable 31% increase in just ten days. However, the road ahead for Ethereum is fraught with both bullish opportunities and bearish risks, making its price outlook for the end of the month particularly intriguing. In this context, Finbold has leveraged ChatGPT-4, OpenAI’s most recent and advanced AI chatbot model, to offer insights into how Ethereum is…
The crypto market is experiencing significant selling pressure these days. This turbulence has affected major cryptocurrencies, including XRP, which has dropped to its lowest price point since March 2023. In response to the community’s growing concerns about the price collapse, Ripple’s chief technology officer, David Schwartz, addressed the issue by emphasizing XRP’s utility rather than its investment potential. Schwartz explained that the current price enables users to acquire enough XRP to facilitate a payment for precisely the worth of the cryptocurrency. He stressed that this underscores XRP’s primary function as a medium of exchange, which facilitates fast and cost-effective cross-border…
The OSCE hosted a three-day training in Warsaw to enhance crypto investigation skills for Armenian and Georgian law enforcement. In an Aug. 14 press release, the Organization for Security and Co-operation in Europe announced that it had conducted a specialized training session on “countering blockchain obfuscation techniques” in Warsaw, aimed at improving the investigative skills of law enforcement from Armenia and Georgia. The OSCE said the course, hosted by Poland’s Ministry of Finance, marked the second such session facilitated by the organization, as part of a broader effort to combat illicit activities facilitated by cryptocurrencies. “This course, delivered by a…
The past week has seen Bitcoin prices remain volatile, with indicators suggesting a complex interplay between inflation trends and market reactions. Despite low inflation rates that usually signal a potential dollar influx, Bitcoin hasn’t mirrored the positive movements seen in the stock market. Notably, while the S&P 500 index is approaching its peak, cryptocurrencies including Solana and Polkadot have experienced significant declines. Explore the dynamics affecting Bitcoin prices amidst fluctuating market trends and inflation signals. Bitcoin’s Recent Struggles: Market Reactions and Key Indicators The latest data shows that Bitcoin has faced challenges in maintaining its price levels, particularly around the…
Ethereum has had one of the sharpest declines during the recent market correction, which cost Ether losing almost a third of its value in a matter of days. While the Bitcoin price has regained most of its value since the March peak, Ether is still in trouble to recover from the recent flash crash. Could this be the story of Ethereum in 2024? Or perhaps there is a chance the Ethereum price will rebound before the end of this year, following BTC’s footsteps? Ethereum price history Ethereum’s journey began in August 2015, with its price under $1 for most of…
A Judge in New Zealand has ordered Kim Dotcom, the founder of Megaupload and failed crypto payments processor Bitcache, to be extradited to the US 12 years after his arrest. New Zealand justice minister Paul Goldsmith ordered the extradition on Thursday, saying “I considered all of the information carefully, and have decided that Mr Dotcom should be surrendered to the US to face trial.” Despite this, Kim Dotcom claimed on X (formerly Twitter) that he doesn’t intend to leave New Zealand. Dotcom, real name Kim Schmitz, was arrested on his birthday in 2012 for his role in one of the…
Renowned Bitcoin advocate Adam Back recently shared his insights on the current market trends. Amid concerns of Bitcoin (BTC) falling below $56,000, investor caution towards altcoins has been noticeable. This sentiment is driven by a pattern of rise, fall, quick recovery, and subsequent decline observed over time. Adam Back’s Market Insights Adam Back, CEO of Blockstream, emphasized that Bitcoin is in the initial phases of a bullish cycle. Speaking with Anna Tutova, he revealed expectations of a potential 700% growth. Back also referenced predictions from notable figures like BitMEX founder Arthur Hayes, who foresees Bitcoin reaching $1 million by the…
In the past week, non-fungible token (NFT) sales have dipped by 11.66%, totaling $81.7 million. Despite this decrease, there’s been a significant uptick in market activity: the number of NFT buyers has skyrocketed by 172.98%, while NFT sellers have also seen an impressive rise of 120.51% over the same period. NFT Market Chaos: Prices Drop, But Buyer Interest Skyrockets While the number of buyers and sellers is on the rise, they’re not shelling out big bucks for NFTs compared to the prices seen a few months ago. Overall sales have slipped by 11.66% from the previous week, with Ethereum leading…
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been a focal point of speculation and analysis within the crypto community as eyes are peeled on where its price trends next in the wake of the ETF launch. A recent report from crypto-ranking platform CoinGecko provides insight into what fund managers think about the future price of Ethereum, with projections ranging as high as $166,000. In its latest analysis, CoinGecko offers Ethereum forecasts from eight prediction issuers, including major fund managers, predicting what price range ETH holders might expect in the near to medium term. What is Ethereum’s price prediction…
Monero (XMR) has been increasing in popularity among cryptocurrency users, often surpassing more capitalized cryptocurrencies in users’ preferences. In June, XMR unthroned Bitcoin (BTC) for the first time in a gift card payment platform, illustrating this behavior shift. Notably, the CoinCards platform reported data from the volume percentage for each cryptocurrency used for payments in June. The gift card service has been reporting this “breakdown of usage” monthly since April 2023. In particular, the first data shows a 40% dominance for on-chain BTC, followed by Monero and Ethereum (ETH) with 23.64% and 13.9%, respectively. As soon as the service listed…