Author: NBTC
Ethereum, the second largest cryptocurrency by market capitalization, has revealed a crucial demand zone amid a death cross formation. According to Ali Martinez, a crypto analyst, the most important support level for Ethereum is between $2,314 and $2,435. This range is particularly noteworthy as it represents where nearly 2.14 million addresses have collectively acquired 51.67 million ETH. The most important support level for #Ethereum is between $2,314 and $2,435, where 2.14 million addresses acquired 51.67 million $ETH! pic.twitter.com/1h1G2ZcZHd — Ali (@ali_charts) August 9, 2024 The death cross, a technical analysis pattern that indicates potential bearish momentum, emerges when a short-term…
Google Pay, Amazon Pay, and Walmart-backed Phonepe are reportedly seeking to join India’s central bank digital currency (CBDC) initiative led by the Reserve Bank of India (RBI). Other fintech firms like Cred and Mobikwik are also seeking participation. These companies aim to facilitate transactions through the e-rupee. The initiative aims to boost transaction volumes by expanding access beyond banks to major payment platforms. Major Payment Platforms Seek to Join India’s Digital Rupee Initiative Google Pay, Amazon Pay, and Walmart-backed Phonepe are seeking to join India’s central bank digital currency (CBDC) initiative spearheaded by the Reserve Bank of India (RBI), according…
Polkadot, a blockchain network focused on interoperability, has released the Join-Accumulate Machine (JAM) Chain. This upgrade is a new solution for scalability and performance. Polkadot is always pushing the limits of what’s possible. What is the JAM Chain? The Join-Accumulate Machine (JAM) will replace Polkadot’s relay chain with a more robust and efficient one. JAM Chain has two main functions: Join and Accumulate. These are on-chain. Two other processes, Collect and Refine, are off-chain. The reason for JAM as a single upgrade is to simplify and optimize the blockchain. Unlike iterative updates that can introduce many small changes over time,…
In a strategic move to counter Donald Trump’s growing appeal within the cryptocurrency industry, Democrats have launched the “Crypto for Harris” campaign, FOX Business’ Eleanor Terrett reported today. This initiative, led by a pro-Kamala Harris advocacy group, aims to rally support from crypto voters for Vice President Harris as she vies for the presidency. JUST IN: 🇺🇸 Democrats launch “Crypto for Harris” campaign to counter Donald Trump — FOX Business 👀 pic.twitter.com/2K9O5bP0Xg — Bitcoin Magazine (@BitcoinMagazine) August 7, 2024 Next week, “Crypto for Harris” will host a virtual town hall featuring prominent crypto advocates such as Mark Cuban and Anthony…
James Check, the lead analyst for Glassnode, has noted that tech giant Nvidia has now surpassed Bitcoin in terms of search interest. As reported by U.Today, the chip maker managed to top Microsoft by market capitalization last week, becoming the most valuable company in the world for the first time. The shares of the Santa Clara, California-headquartered company are up a staggering 162% due to the ongoing artificial intelligence (AI) boom. Nvidia accounts for roughly 90% of the GPU chip market, which is why it is flourishing during the AI-obsessed era in tech. According to a recent report by Bloomberg,…
This was ARK’s first COIN purchase since June 6, 2023. ARK Invest often loads up on shares when their prices slide, usually with a view to offloading them one their prices tick up again. ARK Invest took advantage of Monday’s massive market slump to make its first purchases of Coinbase (COIN) and Robinhood (HOOD) shares in months. Cathie Wood’s investment management firm bought $17.8 million of COIN, its first purchase of the crypto exchange’s stock since June 6 2023 when it bought $21.6 million worth. ARK also added $11.2 million of crypto-friendly online brokerage Robinhood shares, the first time it…
Shiba Inu leaders reveal plans for a $1 trillion decentralized economy. Kusama and Dhairya address identity rumors and outline SHIB’s future. SHIB aims to bridge Web2 and Web3 and expand its global presence. Shiba Inu leaders Shytoshi Kusama and Kaal Dhairya have finally broken their silence. The duo shared their vision for the future of Shiba Inu (SHIB) and addressed various speculations surrounding their identities and plans. EXCLUSIVE: $SHIB leaders @ShytoshiKusama and @kaaldhairya sit down for first public interview, discuss the future for the meme coin, anonymity, and creating a ‘social states.’: https://t.co/7okYZntuXY @Shibtoken #SHIB — ArabianBusiness.com (@ArabianBusiness) July 12,…
Bitcoin payments app Strike and crypto exchange Bitstamp have joined forces to expand their businesses in Europe. Bitstamp will help Strike manage fiat-to-crypto conversions and transfers to consumers. Bitcoin payments app Strike has joined forces with crypto exchange Bitstamp to accelerate its expansion in the European Union by making fiat-to-crypto on-ramp easier for users, the companies announced Wednesday. Stripe, led by Chicago-based Zap Solutions and entrepreneur Jack Mallers, launched its services in Europe in April after expanding to Africa in February. The fintech firm offers a customizable widget that developers can embed into their product to allow conversion of crypto…
A crypto analyst who nailed the 2022 Bitcoin bottom is warning that BTC is in danger of witnessing a massive breakdown. In a new video update, pseudonymous analyst DonAlt tells his 60,100 YouTube subscribers that BTC is at risk of losing all bullish momentum. The crypto strategist says that Bitcoin will likely go through a capitulation event if BTC bulls fail to defend support at $63,000. “I was actually a fan of $60,000 [support] for quite a while. It’s just [BTC] tested it too many times, and now we’ve tested it so many times that I think it’s sh*t, not…
A recent report by Coinwire, a cryptocurrency research portal, predicts that cryptocurrency adoption levels in Latam will more than double in 2024. The report, which examined trading movements on trusted centralized exchanges according to Coingecko, forecasts that crypto trading volumes in the region will reach $7.82 trillion in 2024, with Brazil and Chile being the top two dominant markets. Coinwire Report Estimates Latam Crypto Trading Volumes Will Reach $7.82 Trillion in 2024 Latin America keeps growing as a cryptocurrency adoption beacon in the world. According to a recent report by Coinwire, a crypto research and investigation portal, the region has…