Author: NBTC
An extremely rare pattern has formed on the Bitcoin (BTC) price chart as the intersection of the 100 and 200 moving averages has created a golden cross on the chart. More importantly, this is the first such golden cross for a major cryptocurrency. It is worth noting that when the 100 and 200 day moving averages cross, it is a significant event. These moving averages are key indicators used by traders to assess long-term trends. The 100-day moving average shows the average closing price of Bitcoin over the past 100 days, while the 200-day moving average does the same for…
The growth of an asset is influenced by a variety of parameters. Stability and trust, ironically, often make an asset less exciting.—Bitcoin, for instance, is known for its enterprise-scale institutional adoption, stemming from the trust it has earned as the bedrock of the crypto world. Bitcoin ETFs attracted a fund inflow of US$1 billion within two days of their launch.Although there have been reports of declining search interest and a reduction in general media buzz around the asset, the reasons for this are hardly a cause of concern. All it means is that the stability of the steady returns the…
One of the many Neiro tokens has broken into the top 15 meme coins by market capitalization, as it leaped from $15 million to $352 million in the two days following its listing for spot trading on Binance. Yi Hi, co-founder of the exchange, later explained in a blog post that the other tokens failed a “compliance review and token concentration.” Neiro is the name of a newly adopted Shiba-Inu of the owner of Kabosu, the pet whose photo-turned-meme inspired Dogecoin. The dog passed away earlier this year. And as soon as the new dog was revealed by its owner,…
Development for a TV show based on blockchain game Space Nation Online is underway, executive produced by Roland Emmerich, the director of “Independence Day” and “The Day After Tomorrow.” The show is expected to amp up the drama and stakes around the sci-fi IP while potentially expanding the reach of the connected game. Emmerich and fellow executive producer Marco Weber revealed details about the “Space Nation” show in an exclusive interview with Decrypt, with the series currently estimated to launch sometime in early 2027. The eight-episode series will be a prequel to Space Nation Online, the crypto-fueled massively multiplayer online…
Polyhedra Network has unveiled groundbreaking advancements in zero-knowledge proof systems, achieving over 2000X performance improvements through GPU acceleration. The latest optimizations focused on the Sumcheck protocol have leveraged the immense processing power of GPUs, promising enhanced scalability and efficiency in blockchain applications. According to Polyhedra’s chief researcher, Tiancheng, “ZK has evolved. What began as a privacy-focused technology is now a gateway to blockchain scalability,” emphasizing the transformational potential of their innovations. Polyhedra Network’s breakthrough in zero-knowledge proof systems enhances blockchain scalability and AI safety, potentially transforming the decentralized application landscape. Groundbreaking Performance Boost for Zero-Knowledge Proofs Polyhedra’s team has made…
The U.S. government tomorrow will release its Nonfarm Payrolls Report for the month of August in what will be one of the final economic data points for the Federal Reserve to ponder prior to its rate-setting meeting later this month. Economists are forecasting the U.S. to have added 160,000 jobs in August, up from July’s soft 114,000 print. The unemployment rate is seen edging down to 4.2% from 4.3%. While a stronger-than-expected or even in line report is likely to result in the Fed just cutting its benchmark fed funds rate by 25 basis points, a soft number will surely…
During the US presidential campaign, Bitcoin (BTC) took an unusually large public spotlight. While former President Trump even appeared at the Bitcoin 2024 conference, promising to fire Gary Gensler and make America “the Bitcoin superpower,” no such commitments were made from VP Kamala Harris. On the contrary, Harris hinted at taxing unrealized capital gains, an unprecedented move that received widely negative backlash. As the campaign set this contrast in tone, Bitcoin price went up 11% over the last 30 days, nearly revisiting its March all-time high of $73.7k on Tuesday, now priced at $72k. In the scenario of a Trump…
Ahead of the issuance of Ripple’s U.S.-dollar pegged stablecoin, the company has revealed some notable trends in the industry. The stablecoin’s design combines blockchain technology’s benefits with trust in traditional currencies. Given their fast adoption globally, Ripple appears ready to leverage the growing trends in stablecoin usage. The company believes stablecoins have the potential to reshape the world’s finances and has highlighted some crucial trends. Is stablecoin gaining acceptance? For context, stablecoins are digital currencies pegged to a fiat currency like the U.S. dollar (USD). This aims to eliminate some people’s fears about price volatility. Stablecoins have gained traction as…
The crypto market has continued to flourish over the past year with its total capitalization hovering around the $2.5 trillion mark. This surge is rooted in a variety of developments that have permeated the industry.—One of the projects helming this transformation has been Metis, a Layer 2 (L2) built atop the Ethereum network, combining cutting-edge technologies like Optimistic Rollup and decentralized sequencers with robust off-chain storage solutions. What sets Metis apart from other Layer 2 solutions is its unique architectural design that eliminates single points of failure – a critical vulnerability that has affected other major platforms. Unlike systems where…
Morgan Stanley reported 2.1% exposure to BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF) IBIT in its Institutional Fund. In a Sept. 4 filing to the US Securities and Exchange Commission (SEC), the asset manager reported over $10 million in net assets, which represents roughly $211,000 in IBIT’s shares. Additionally, Morgan Stanley’s fund also reported a 4% allocation to MicroStrategy, which holds 226,500 BTC in its treasury. Both IBIT and MicroStrategy investments are part of the ten largest holdings of the fund. The Institutional Fund is one of the portfolios managed by Morgan Stanley’s Counterpoint Global. According to its website, Counterpoint…