Author: NBTC

The upcoming US presidential election may spur bitcoin out of its current “consolidation phase,” according to Galaxy CEO Mike Novogratz. Crypto will likely stay politicized until more Democrats pivot their anti-segment stance, he argued, meaning a change in administration could be significant for the space. Novogratz said during a Tuesday earnings call that, following the approval of spot bitcoin ETFs and last month’s block reward halving, he believes bitcoin could keep trading between $55,000 and $75,000 in the near-term. The price of bitcoin (BTC) was at about $61,450 at 12:30 pm ET Tuesday. “I think that’s probably where we are…

Ethereum’s (ETH) price has barely pulled itself together after a devastating week, and investors seem to want to jump back in. However, looking at the market’s conditions, it would be wise to hold off for now and wait until the right buying opportunities are present. Ethereum Accumulation Is Not Ideal Ethereum’s price has just returned above $3,000, and many consider this an accumulation opportunity. However, despite the slight price rise, the broader market cues are still bearish. One of these is the fact that the most influential cohorts of any asset, the whales, are vanishing from the network. This is…

Wall Street analyst Linda Jones has suggested that Ripple could serve a role similar to the Federal Reserve in the anticipated new financial system. Jones expressed this sentiment in a recent edition of the Good Morning podcast. The discussion focused on the BRICS coalition’s efforts to break from the dollar standard and the potential impact on the U.S. economy. She argued that the BRICS coalition is not against the U.S. but against central banks and the dominance of a single currency that controls the world. She asserted that the coalition opposes the Federal Reserve’s control of the global economy via…

Following its last token unlock, Aptos will release another 11.31 million tokens, valued at approximately $103 million, on June 12, 2024. According to tokenomics platform Token Unlocks, the blockchain platform plans to introduce 105.63 million tokens into the market between May 2024 and October 2026. The next scheduled unlock will occur on July 12, 2024, during which 11.30 million APT tokens will enter the circulation. Token Unlocks revealed that 35% of the tokens are allocated to the Aptos team and 28% to community members. Additionally, 25% are reserved for private investors, while 12% are held in reserve. Data from DataDrop…

One of the most prolific contributors to Bitcoin development warns that the leading blockchain network is on a dark path toward global regulation. In a blog post on Saturday, Matt Corallo said Bitcoin’s long-assumed mission to be a private, scalable, and trustless monetary tool is now being called into question, with years of effort failing to implement that vision in any practical sense. “Sadly, all the ideas for making Bitcoin (or any cryptocurrency) actually useful for transacting trend towards having some untrusted party in the flow of funds,” wrote Corallo. “We just haven’t cracked building cryptocurrency payment rails without an…

Ethereum price remained in a bearish zone below $3,150 zone. ETH is again moving lower and the bears could aim for a drop below $2,800. Ethereum started a fresh decline below the $3,000 and $2,950 levels. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $2,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct losses, but upsides might be limited above the $3,000 zone. Ethereum Price Remains At Risk of More Downsides Ethereum price failed to start a recovery wave…

Founders Fund co-led an $85 million investment in Sentient, an open-source AI development platform built on Polygon. Sentient aims to democratize AI development, countering dominance by tech giants like Google and Meta. Peter Thiel’s Founders Fund has co-led a significant $85 million seed round investment in Sentient, an open-source AI development platform. The platform will be built on Polygon, an Ethereum scaler, marking Polygon’s foray into AI. Polygon co-founder Sandeep Nailwal is a key contributor to Sentient, highlighting the project’s ambitious scope. congratulations to the entire sentient team! ➨ a pivotal step for the @sentient_agi platform that will be built…

TLDR ENA could manage to surpass the $1.70 level. SOL is poised to exceed the $260 threshold. RBLZ is set to remain on its upward trajectory. Crypto enthusiasts single out Ethena (ENA), Solana (SOL), and Rebel Satoshi (RBLZ) as some of the most rewarding investment possibilities in the current market space. Let’s analyze which option offers the highest long-term potential and try to detect the best crypto to buy now. Experts Rank ENA Among the Best Cryptos To Buy in 2024 Crypto analysts believe that ENA has the potential to exceed the $1.70 mark by the end of December 2024.…

Conservatism, in the literal and not political sense, has always been a core part of the Bitcoin ecosystem. Satoshi himself was very cautious and thorough in his original design attempts, and developers since have tried to be very cautious and thorough in the development process after his departure. Numerous pieces of technology have been developed originally for Bitcoin, eventually being tested on other networks specifically out of that caution. Confidential Transactions, one of the core pieces of technology underlying Monero? It was created by Gregory Maxwell for Bitcoin. It was not implemented due to large inefficiencies in terms of data…

Edwin Rojas Ulo, President of the Central Bank of Bolivia, referred to the recent change in stance that the institution had on crypto and stablecoins. According to reports, Rojas Ulo stated that he believes adding crypto to the national financial system might be beneficial as an alternative and remarked on the function of stablecoins as a dollar proxy. Central Bank of Bolivia President Praises Crypto as a Payments Alternative, Talks Stablecoins as Dollar Proxy Bolivia has recently completed a change of stance regarding cryptocurrency, reverting a blanket ban on the use of these assets in the country’s financial system. Edwin…