Author: NBTC
Ethereum, the leading altcoin, witnessed a 14.83% price decline in the past month. The spot ETH ETFs are expected to begin trading in the coming weeks. The overall crypto market witnessed a 3% dip in market cap in the last 24 hours, constituting two consecutive days of bearish trends. Leading cryptocurrencies have incurred price dips over the past week causing the initiation of a selling pressure in the market. The second largest cryptocurrency, Ethereum has shown declining movements in its market price in the past month. Notably, the token witnessed a 3% price decline in the last 24 hours. However,…
By 2025, crypto exchange-traded funds (ETFs) are projected to comprise 5% of hedge fund and pension fund portfolios, according to Fiorenzo Manganiello, a prominent blockchain expert. Manganiello, the co-founder and managing partner of LIAN Group, made this prediction following reports that BlackRock’s spot bitcoin ETF has accumulated $16.7 billion in assets since its launch in January 2024. Additionally, the Ether ETF is expected to receive final approval from the U.S. Securities and Exchange Commission (SEC) this summer. Manganiello believes that regulatory approvals will encourage institutional investors to enter the crypto market. Traditionally dominated by retail investors, the market is now…
Garanti BBVA Kripto has made a strategic move in the cryptocurrency market by integrating Avalanche C-Chain and AVAX Coin. This integration allows users to securely store AVAX assets within the bank’s application. The timing is significant, as it aligns with the cryptocurrency bill currently being discussed in parliament, highlighting the bank’s forward-thinking approach. Contents hide 1 Why Did Garanti BBVA Support AVAX? 2 How Will Investors Benefit from Diversified Assets? 3 User-Usable Insights Why Did Garanti BBVA Support AVAX? From an investor’s perspective, Garanti BBVA’s support for Avalanche C-Chain and AVAX Coin marks a pivotal moment. The bank is demonstrating…
Amitt Mahajan—founder and CEO of Proof of Play, the developer of crypto game Pirate Nation—predicts that eventually there will be thousands of dedicated blockchains that each support individual applications. This comes after his experience building the viral Facebook game Farmville. During his time developing the casual farming simulator, Zynga operated approximately 64 databases simply to prevent the game from crashing. To Mahajan, the blockchain is just an advanced database. “At peak, [Farmville] was at about 30 million daily active users. So in order to scale a game to that, we had like 64 databases,” Mahajan told Decrypt’s GG. “In this…
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…