Author: NBTC

LONDON, Oct 3 (Reuters) – Global bank messaging network SWIFT will trial live transactions of tokenised assets and digital currencies next year, it said on Thursday, the latest step in the currently slow-moving integration of such assets into the wider financial system. Banks and asset managers have been exploring “tokenising” traditional assets like bonds for several years. They hope that by using digital units – usually blockchain-based tokens that represent a share of the underlying asset – trading can be quicker, cheaper and more efficient, including by cutting out middlemen involved in many transactions. So far, however, these have failed…

Old Bitcoin wallets are moving large amounts, signaling potential selling pressure in the market. Over 29,000 Bitcoins held for 6-12 months were transferred, hinting at cautious investors. Bitcoin’s price dip of 1.2% suggests possible correction after hitting a month-high of $64,667. In the last 7 days, Bitcoin’s price jumped nearly 8%, reaching a one-month high of $64,667. However, behind this impressive rise, activity on its network has surged significantly. According to CryptoQuant’s on-chain analyst XBTManager, older Bitcoins are being moved around the network, raising alarms about possible selling pressure. Old Bitcoin Holding Began to Moves According to XBTManager on September…

Ethereum price extended its decline below the $2,350 level. ETH is now recovering from losses and faces a major hurdle near the $2,300 zone. Ethereum declined further and traded below the $2,350 zone. The price is trading below $2,400 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,400 and $2,420 resistance levels to start a decent increase in the near term. Ethereum Price Eyes Recovery Ethereum price remained in a bearish zone and extended losses…

Bitcoin (BTC) crashed in tandem with stock markets on Oct. 1 as tensions continued to escalate in the Middle East after Israel announced ground operations in Lebanon, which has prompted Iran to take action. The official account of Israel Defense Forces on X shared at 4:36 P.M. UTC that Iran was firing rockets at Israeli territory. Additionally, reports claim that Iran is likely to send a second wave of missiles targeting Israel in the ensuing hours. As a result, over $489 million was liquidated over the past 24 hours, with the majority of liquidations — $312 million — occurring within…

Ripple’s bold Union Station ad sparks lively debates among crypto enthusiasts, showcasing the message: “Building a better future for finance. Skeptics compare Ripple’s campaign to FTX, highlighting concerns that visibility doesn’t guarantee stability or price impact for XRP. JPMorgan Chase’s partnership with FCF Pay boosts crypto adoption, offering rewards in XRP and broadening payment options for customers. The most recent marketing campaign from Ripple has sparked intense debates among cryptocurrency enthusiasts. Recently, Jack The Rippler tweeted a video that included Ripple’s Union Station commercial in Washington, DC. “We’re building a better future for finance, are you?” the advertisement asks bluntly.…

Michigan’s Republican nominee for Senate, Mike Rogers, says he’s supported crypto for years, stretching back to the heyday of Silk Road. He’s eagerly engaged with industry watchdogs like Stand With Crypto, and even attended blockchain conferences in person. And yet, when Fairshake, the colossal pro-crypto super PAC, weighed in on Michigan’s senate race weeks ago, it opted not to support Rogers, but rather his opponent: a Democrat, Elissa Slotkin, who as recently as April held an “F” rating on Stand With Crypto’s website. “There is nobody more confused than me,” Rogers told Decrypt of Fairshake’s decision to back his adversary…

Elon Musk-inspired Telegram game X Empire turned off its gameplay on Monday ahead of the planned X token airdrop—and then brought it back on Wednesday with a short “Chill Phase” that will last about two weeks before the late October token launch on The Open Network (TON). In this last sprint before the airdrop, X Empire has reset all progress, challenging the tens of millions of players to push hard for a share of 34.5 billion additional X tokens allocated for the event. The original airdrop allocations have already been calculated and won’t be changed, but the Chill Phase offers…

MoneyGram now allows U.S. customers to trade and store Litecoin, Bitcoin, and Ethereum via its mobile app. Binance Pool supports merged mining for Litecoin, Dogecoin, and Bellscoin, with Bellscoin not guaranteed for listing. Expanding its relationship with Coinme, MoneyGram has made a big move in the crypto industry, allowing U.S. consumers to trade and store Litecoin (LTC), Bitcoin (BTC), and Ethereum (ETH) via its mobile app. Now found in most U.S. states, the integration is a significant step toward mainstream accessibility of cryptocurrency. With its extensive network spanning more than 50 million individuals across more than 200 countries, MoneyGram enables…

Recent analysis of key on-chain metrics suggests a potential turning point for Bitcoin, signaling a positive outlook from a long-term perspective. Several support levels have been reached, indicating increased investor activity and possible price recovery. Long-Term On-Chain Support Levels Signal a Positive Outlook for #Bitcoin“The 30-day EMA of Binary CDD is moving between 0.1 and 0.3, indicating that long-term holders are accumulating Bitcoin.” – By @avocado_onchain Full post 👇https://t.co/0mhQMzMkMQ pic.twitter.com/mnLyoFBUc0 — CryptoQuant.com (@cryptoquant_com) September 23, 2024 The 7-day Simple Moving Average (SMA) of the Fund Flow Ratio has touched the 0.05 level, historically recognized as a major support line. This…

The price of Ethereum struggles to gain momentum, with the ETH/BTC pair underperforming and hitting new lows, sparking concerns among analysts. Ethereum’s price has shown minor signs of recovery today, hovering around $2,375 at press time. This represents a 1.06% increase in the last 24 hours, but the crypto has seen a sharp decline of 10.47% over the past week. Amid these fluctuations, a significant underperformance has been noted in the ETH/BTC trading pair, which has attracted considerable attention from market watchers. Declining Performance of ETH/BTC Pair In a recent analysis, Michaël van de Poppe, founder of MN Consultancy, pointed…