Author: NBTC
Analyst Kevin Svenson is outlining a path forward for Bitcoin (BTC) amid the flagship cryptocurrency correcting by around 11% over the past two weeks from the June high of around $72,000. In a new video, Svenson tells his 78,400 YouTube subscribers that even though the price of Bitcoin has dipped, ending the week above the parabolic curve trend line could trigger a price increase of around 42% from the current level. “If we had some miraculous pump and it [the current weekly candle] became a weekly bullish engulfing candle, well then we would be looking pretty good right there. We…
DWS, an asset management firm owned by Deutsche Bank, is preparing to launch the first euro-denominated stablecoin regulated by Germany’s Federal Financial Supervisory Authority (BaFin). This initiative marks a significant step for the European financial sector as DWS manages assets worth €941 billion ($1.02 billion) globally. MiCA Framework Spurs Industry-Wide Compliance Efforts DWS plans to introduce this stablecoin by 2025 through its newly formed company, AllUnity. This novel entity is a collaboration between DWS, Flow Traders, and Galaxy Digital. However, at the time of publishing, the firm has yet to provide further details regarding this asset. Read more: Stablecoin Regulations…
In a strategic move, Flux has announced a new partnership with Uphold to boost trading, liquidity, and accessibility of $FLUX and its associated assets. This collaboration underscores Flux’s commitment to expanding digital asset options and enhancing the ecosystem. The firm announced this partnership via its official X and Medium accounts. GREAT NEWS! 🎉📢 We’re partnering with @UpholdInc to expand $FLUX and its parallel assets #trading and liquidity, enhance cross-functionality, boost accessibility, and unlock new opportunities for users across both ecosystems!Learn all the details:🔗 https://t.co/CH4IvIHzyX pic.twitter.com/CcmWKGa8gU — Flux-Web3 Cloud (@RunOnFlux) August 8, 2024 Flux Expands Trading Options and Enhances Flexibility Uphold,…
Bitcoin, the first and largest cryptocurrency has quadrupled in price since the beginning of 2023, reaching a new high of $73,798 in March, boosted by demand for U.S. exchange-traded funds. However, recent observations by crypto analyst Ali might suggest a concerning trend: a significant downturn in exchange-related on-chain activity for Bitcoin. On-chain activity refers to the transactions and interactions recorded directly on the blockchain. This metric might be crucial in understanding the behavior and sentiment of market participants. Higher on-chain activity often correlates with increased investor interest and higher trading volumes, while a decline can suggest the opposite. #Bitcoin is…
Freshly updated figures published by the Shibburn website reveal that the SHIB army has increased their attempts to remove as much SHIB as they can from the meme coin’s circulating supply. Among the burn transactions’ details shared by the aforementioned wallet tracker, the was a single transfer that carried several tens of millions of Shiba Inu. In the meantime, the second largest meme cryptocurrency SHIB continues to trade sideways, making regular attempts to break above the $0.0001700 level and return to its previous highs. SHIB burn rate jumps 3,988% Shibburn rate has reported that during the period of the last…
Today, HashKey Group has announced a latest partnership, this time it is with B² Network. This partnership aims to transform digital asset services across Asia. HashKey Group is known for its platform token $HSK. Now, it is expanding its influence in the digital finance space through this collaboration. The partnership is expected to significantly enhance the capabilities of both companies, particularly in the rapidly evolving cryptocurrency market. 🚀 Exciting News! 🚀We’re thrilled to announce our partnership between B² Network @BSquaredNetwork and HSK @HashKeyHSK! HSK, the platform token of HashKey Group, is set to revolutionize digital asset services in Asia.B² Network…
SkyBridge Capital founder Anthony Scaramucci is making a massive prediction for Bitcoin (BTC) and Ethereum (ETH) this cycle. In a new interview on the Unchained Crypto YouTube channel, Scaramucci says he believes Bitcoin could soar nearly 300% and Ethereum nearly 240% from their current values. “I can only give you my guess [for the market top] and so I think we get to $10,000 to $12,000 on Ethereum. And I do think we get to somewhere [between] $170,000 to $250,000 on Bitcoin.” He also predicts that US President Joe Biden will win re-election in November over former President Donald Trump…
Litecoin’s hashrate reached 1.1 PetaHash per second, processing millions of transactions with minimal fees. Litecoin miners’ reserves have decreased by 29%, reaching their lowest level in recent years due to the recent halving. In a recent tweet, Litecoin highlighted notable milestones for blockchain enthusiasts. According to the most recent data, the Litecoin network’s total aggregate processing power (hashrate) has surpassed 1.1 PetaHash per second (PH/s). Network Check: #Litecoin’s total combined computational power (hashrate) is currently 1.1 PetaHash/s! Processing hundreds of thousands of transactions to move 52,376,152 LTC in the past 24hrs! Billions in volume with transaction fees less than a…
Binance, Bitfinex are rushing to register their services in Turkey as the country has finalized its regulatory stance on crypto. International cryptocurrency exchanges are rushing to register their services in Turkey following the country’s finalization of its regulatory stance on crypto. Per data from the Capital Markets Board of Turkey, Turkey’s financial regulatory and supervisory agency, a total of 47 crypto exchanges, including Binance, Bitfinex, and OKX, have applied to the list to indicate their intentions to offer services in the country. The regulator noted though that the inclusion does not mean that the firms are authorized to offer their…
COTI is one of the veteran projects in the cryptocurrency field, and we had the chance to speak to Shahaf Bar-Geffen, the chief executive officer. The team is on the brink of major developments, with the current priority being on the V2 of the protocol, focusing on delivering a privacy-centric Ethereum layer-two solution. With bold plans of launching its mainnet by the end of 2024, Bar-Geffen also speaks on the merits behind the decision to go down this path, the fundamental challenges that the industry is facing, and how COTI is planning to tackle them. COTI’s Main Focus In our…