Author: NBTC
With Congress set to reconvene following the upcoming US elections, cryptocurrency legislation is expected to regain momentum after a long campaign hiatus. Ron Hammond, Director of Government Relations at the Blockchain Association, outlined key developments and the challenges lawmakers face as they reconvene. Post-Election Rush for Crypto Regulation Congress has been on a campaign hiatus for the past month, stalling crypto-related legislative work. Hammond noted that this period of inactivity will end after the election. However, with only five weeks left in the session, finalization of the election results could play a critical role in shaping the agenda for the…
Bitcoin’s (BTC) inability to trade above certain price levels for over a week could spell bigger issues for the flagship cryptocurrency. These struggles have raised valid concerns as bearish sentiment continues to gain traction while market volatility intensifies. Seven days ago, Bitcoin attempted to retest $60,000. However, it faced rejection and has since been unable to reach the region. The following is what must happen for Bitcoin to avoid a market collapse worse than that of August 5. BTC Survival Hangs in the Balance According to Glassnode, Bitcoin price has fallen below the Short-Term Holders (STH) Realized Price. For context,…
Currently trading around the $1,100 range, MKR has seen a price comeback. MKR has seen a price comeback as demand for DeFi solutions drives larger market recovery. The governance token of the MakerDAO protocol, Maker (MKR), has demonstrated remarkable resilience and growth within the decentralized finance (DeFi) ecosystem. Investors and experts predicting an ambitious price target—a probable climb to $3,000—are driven by fresh enthusiasm in DeFi protocols and Maker’s important position as the issuer of the decentralized stablecoin DAI. Let’s explore the main elements behind this possibility and the difficulties this new all-time high might encounter on its way. Current…
Ethereum price has been under pressure recently. It dipped to $2,387 amid a broader market downturn driven by speculation regarding Tether’s regulatory scrutiny. However, technical indicators and on-chain data paint a picture that Ethereum might be ready for a reversal. The sentiments around its short-term future are improving. TD Sequential Presents Buy Signal The TD Sequential indicator on the Ethereum 12-hour chart has also suggested a buy signal which is also a positive sign. According to technical analysis of the bearish trend, if the $2,412 support level is maintained, it is projected to bounce back to $2,665. The TD Sequential…
Vet, the cofounder of xrpcafe and an XRPL dUNL validator, shared in a recent X post Ripple CTO David Schwartz’s perspective on the introduction of smart contracts on the XRP Ledger (XRPL). The X post reads: “Joel Katz on XRP Smart Contracts:It’s not all or nothing, some programmability is better than nothing. Useful, small and safe to allow real world use cases without compromising existing use cases of the XRPL.Challenge is to go slowly and incrementally increase confidence.” .@JoelKatz on #XRP Smart Contracts:It’s not all or nothing, some programmability is better than nothing. Useful, small and safe to allow real…
The US Securities and Exchange Commission (SEC) is facing harsh challenges over its assertion over the crypto-linked airdrops. In a fresh move, the Blockchain Association and Crypto Council for Innovation filed an amicus brief in the legal pursuit launched by DeFi Education Fund and Beba Collection against the regulator. Beba, an apparel company founded by two brothers in Waco, Texas stepped up to sue the SEC over its treatment of airdrops and the lack of clear rules for the crypto sector. Beba agitates that promoting a robust secondary market for its BEBA tokens could provoke the SEC to take enforcement…
Phil Rosen, Co-Founder of Opening Bell Daily, and Anthony Pompliano, CEO of Professional Capital Management, recently discussed why both stocks and Bitcoin have seen a decline. Phil asked Anthony about Bitcoin’s current situation, pointing out that the cryptocurrency was trading around $56,000, down 12% in the last six months. Back in March, when Bitcoin was at $73,000, the number of daily active addresses was 1.2 million, which has since dropped by about 30%. Phil asked whether this data made Anthony more or less optimistic. Anthony said that there is a sense of thrill that can be associated with the understanding…
Crypto specialist insurance broker Native goes live with $2.6 million of seed funding led by Nexus Mutual. Native will start by offering $20 million on-chain cover per risk, and will also run a capital pool on Nexus Mutual. Nexus Mutual’s insurance alternative is also available through many of the main protocols on Coinbase’s layer 2 network via a product called Base DeFi Pass. Nexus Mutual, the decentralized alternative to traditional insurance geared towards risks involving digital assets, is widening its distribution capabilities by backing a dedicated crypto insurance broker called Native. Native goes live with $2.6 million of seed funding…
Ethereum ($ETH) is currently trailing behind Bitcoin ($BTC) by miles. Recent data shows a clear difference in netflow USD between BTC and ETH ETFs. The BTC ETFs have generated massive hype. It continues to attract a steady stream of investors eager to buy in. In comparison, ETH ETFs have experienced notable outflows since launch. According to Maartunn, a market watcher and analyst at CryptoQuant, the ETH ETFs have not seen any substantial inflows. Ethereum left in the dust?These images display the Netflow USD for both BTC and ETH ETFs, showcasing a stark contrast.The BTC ETF experienced massive hype, attracting a…
Shibarium, the layer-2 blockchain of the Shiba Inu ecosystem, has seen a staggering increase in transaction fees over the past 24 hours as, according to data from Shibariumscan, the total number of BONE spent on gas fees has jumped from 15.67 to 317 tokens, a staggering 2,024% increase. For those who do not know, BONE is the native token of the ecosystem around the popular meme-inspired cryptocurrency and serves as the fuel for transactions on the Shibarium network. In addition to covering transaction fees, BONE also plays a critical role in burning the original Shiba Inu token, SHIB. Thus, every…