Author: NBTC
Although the high inflation that the FED has been struggling with for a long time has receded slightly, it is still above the FED’s 2% inflation target. At this point, while the possibility of the FED reducing interest rates is decreasing day by day, and the uncertainties regarding the FED’s next term interest policy continue to make pricing difficult, all eyes in the markets are today on FED Chairman Jerome Powell’s statements and PPI data. While the signals to be received from the inflation data that will be announced in the US economy starting today are expected to increase volatility…
Ethereum is slowly moving toward the $3,000 price level, and it seems inevitable if the market does not face an unexpected influx of fresh funds, which is unlikely. Investors should be ready to see Ethereum at $3,000 and potentially even lower. The price of Ethereum is getting close to $3,000. This means that there will probably be more volatility on the market. In the past, traders have been drawn to important psychological levels like $3,000 in order to take advantage of possible deals and sellers to limit losses. It is wise for investors to prepare for potential fluctuations and contemplate…
In early May, stock trader and analyst Keith Gill, known on social media as “The Roaring Kitty” and who largely fueled the GameStop frenzy in late 2020, signaled his return to the markets after three years of silence. Roaring Kitty returned to Reddit after more than three years and fueled the rise in some altcoins. Sharing on Reddit, Gill shared a $181.4 million GameStop (GME) position, leading to a significant increase in the GME stock price. Gill’s post also caused an increase in some altcoins. Meme tokens named GME, ROAR and KITTY experienced a huge jump after Gill’s post, and…
The following is a guest post from Ian Kane, Head of Partnerships at Midnight Network. In today’s globalized economy, supply chain transparency is paramount. Consumers demand to know the origin of their products, regulatory bodies require stringent compliance, and companies need to ensure the integrity of their supply chains. Traditional methods of managing and verifying supply chains are often cumbersome, opaque, and prone to fraud. Enter blockchain technology and Zero-Knowledge Proofs (ZKPs), which offer innovative solutions for enhancing transparency while maintaining privacy and security. This article explores the transformative potential of Zero-Knowledge Proofs in supply chain transparency and why this…
Kaiko Research said Bitcoin’s (BTC) correlation with equities is rising, with a 90-day correlation rising to 0.17 last week after hitting a multi-year low of 0.01 in March. Meanwhile, Brazil experienced a significant rise in volume and is outpacing the dollar. Bitcoin’s 90-day correlation with equities rose to 0.17 the week of May 5, above its multi-year low of 0.01 in March, according to the firm’s May 13 research report. BTC’s correlation with risk assets is below its 0.6 high, as seen during bull markets. Bitcoin has maintained a near-zero correlation with the European equities index STOXX 600 since the…
As Ethereum’s price continues to trend lower, investors are wondering whether the bull market is over. Yet, there is still a key support level that can provide the staging grounds for a recovery. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been trending lower inside a large descending channel pattern. In the last few days, the market has failed to reclaim the $3,500 level, and it dropped lower following a bearish rejection. Currently, a decline toward the $3,000 support level, which coincides with both the lower boundary of the channel and the 200-day moving…
Zilliqa and Fireblocks have joined forces to integrate Zilliqa’s ZIL tokens into the Fireblocks Vault and Network. This partnership aims to enhance the security and accessibility of ZIL tokens for institutional and retail investors alike. Zilliqa’s CEO views the collaboration as a strategic move to expand Zilliqa’s ecosystem and investment opportunities. Discover how the recent integration of Zilliqa’s ZIL tokens into Fireblocks Vault and Network is set to revolutionize institutional crypto asset management, offering enhanced security and accessibility. Zilliqa and Fireblocks Partnership Unlocks New Horizons Zilliqa has officially integrated its ZIL tokens with Fireblocks, a leading digital asset custody, transfer,…
Solayer’s integration enhances Solana’s security with a shared-validator-as-a-service model, boosting decentralized app reliability. OKX expands blockchain utility by offering tailored blockspace solutions, catering to diverse developer needs. This move reinforces OKX’s commitment to innovation, fostering a robust digital economy with advanced blockchain functionalities. OKX, a prominent Web3 technology firm, announced the integration of Solayer into its OKX Wallet, effective immediately. Solayer, a pioneering restaking network native to Solana, capitalizes on Solana’s robust economic security and rapid transaction processing capabilities. This collaboration enables OKX Wallet users to engage with advanced decentralized cloud infrastructure, offering heightened consensus mechanisms and tailored blockspace solutions…
Anyone who’s read about bitcoin or spoken with a crypto enthusiast has probably heard the argument that bitcoin is an ideal “store of value” akin to “digital gold.” The argument can be illustrated by a simple thought experiment. Imagine the supply of U.S. dollars increased by 100% overnight. The inevitable result would be rampant inflation, eroding the purchasing power of every dollar in circulation. Now, imagine another scenario, where a new policy mandates that the bitcoin supply be doubled, creating an additional 21 million coins. This latter policy is simply impossible. While the Federal Reserve can manipulate the value of…
Analytics X account @lookonchain spreads the word about a large whale, who is long on ETH. Currently, this trader is on the verge of liquidation, the tweet states, while he is about to lose the more than $30 million in crypto that he borrowed. Ethereum (ETH) whale on verge of liquidation According to the data source, this whale deposited 12,374 ETH to Compound, while he borrowed $31.4 million stablecoins. @lookonchain says that should the Ethereum price continue to decline, once it falls to the $2,984 level, this whale’s long positions will be liquidated. As the market declines, the whale who…