Author: NBTC
BlackRock, the world’s largest asset manager, has been making significant inroads into the cryptocurrency market with its Bitcoin ETF, iShares Bitcoin Trust (IBIT). The ETF’s rapid accumulation of BTC holdings is a clear indication of institutional investors’ growing confidence in Bitcoin as a viable asset class. In a landmark development, BlackRock’s Bitcoin ETF has surpassed the combined Bitcoin (BTC) holdings of prominent crypto exchanges OKX and Kraken. This move signals a shift in terms of BTC asset management. According to crypto analyst Ali, BlackRock’s Bitcoin ETF, which launched in mid-January 2024, now holds more BTC than crypto exchanges OKX and…
As ethereum hovers around $3,543, the cryptocurrency’s technical indicators and chart patterns present a nuanced picture of its current market dynamics. Amidst a blend of neutral oscillators and mixed moving average signals, ethereum’s technical analysis reveals key insights for traders. Ethereum Ethereum’s price dynamics on April 1, 2024, showcase a cryptocurrency in the throes of market indecision, as evidenced by the 1-hour and 4-hour chart summaries. The oscillation between the recent ups and downs highlights a battleground between buyers and sellers, with significant selling pressure followed by periods of stabilization and recovery. Ether’s daily chart extends the narrative of a…
Nick Van Eck has ventured into stablecoins with the backing of his family’s esteemed business. Agora, the brainchild of Van Eck and crypto stalwarts Drake Evans and Joe McGrady, recently secured $12 million in seed funding, spearheaded by digital-asset venture firm Dragonfly. Operating under a Delaware incorporation with its stablecoin issuer headquartered in the British Virgin Islands, Agora’s stablecoin will cater exclusively to non-U.S. users for the time being. “Until there’s federal legislation for stablecoins in the U.S., we’re going to focus primarily on customers outside of the U.S.,” Van Eck said in a press release. We are thrilled to…
FLOKI joins Thena liquidity pool integration to boost token utility. FLOKI’s surge of 640.9% in 30 days, leads to more bullish expectations. Memecoin resurgence flares with FLOKI, DOGE, SHIB, and WIF in the lead. In a transformative surge, FLOKI continues its ascent in the crypto realm, landing recognition from top DeFi protocol Thena. The addition of FLOKI to Thena’s pool allows holders to leverage liquidity, earning $THE tokens in return. Top DeFi protocol on the BNB chain, Thena, has added $FLOKI to its pool, allowing FLOKI holders to provide liquidity on their platform and earn $THE.This not only further enhances…
Bitcoin’s price trajectory on March 25, 2024, showcases bullish momentum, coasting along at ranges between $66,934 to $67,087 per unit. The day’s trading ranged from $64,568 to $67,672, indicating a volatile yet upward trend. Bitcoin A close examination of bitcoin’s (BTC) oscillators suggests a predominantly neutral to bullish sentiment among traders. The relative strength index (RSI) at 55 and the Stochastic at 41, along with other indicators like the commodity channel index (CCI) and the average directional index (ADI), signal a market in equilibrium, awaiting directional cues. However, the awesome oscillator and momentum hint at underlying buying pressure, contrasting with…
A widely followed crypto analyst is issuing a warning on Ethereum, saying that ETH could still witness a 2019-style collapse. In a new video update, crypto strategist Benjamin Cowen tells his 796,000 YouTube subscribers that the conditions for Ethereum now are similar to that of mid-2019, and that the leading smart contract platform may suffer a similar setback. Cowen notes that in 2019, a slash in interest rates coincided with a dramatic correction for ETH. With the Fed expected to begin cutting rates again at some point this year, the analyst suggests that a similar scenario could play out. “We’ll…
According to anonymous sources, Paradigm, one of the leading companies in the cryptocurrency industry, is reportedly in talks to raise a new fund worth $750 million to $850 million. Founded by Coinbase’s Fred Ehrsam and former Sequoia Capital partner Matt Huang, the firm is in a prominent position in the crypto venture capital space. If successful, this fund would be the largest in the industry since the crypto market crash. The peak of crypto venture capital funding was in May 2022, when Andreessen Horowitz raised a staggering $4.5 billion. This was followed by a sharp decline in digital asset prices,…
Cosmos-based layer-1 blockchain Canto unveiled its “Cyclone Stack,” aimed at scaling and improving performance, just as the project prepares for a closely watched migration to the Polygon ecosystem. According to a press release seen by CoinDesk, the Cyclone Stack will consist of three key upgrades called the Callisto Upgrade, the Kallichore Upgrade and the Elara Upgrade, designed to speed up block times, increase storage access speeds and set new standards for execution. Canto’s Cyclone stack will also be fully compatible with all EVM tooling and applications. (EVM stands for the Ethereum Virtual Machine and is the software that executes smart…
How will governments function in a world that has transitioned from fiat to hyperbitcoinization? This is a question that I have thought about recently, and I wanted to think through what happens to governments on a Bitcoin standard. The questions I have are the following: how will governments fund themselves? How do your taxes work in a digital landscape, and how will governments respond to this dilemma? How Will Governments Fund Themselves? Most hardcore Bitcoiners probably could care less about what happens to the government on a Bitcoin standard. I would venture to say that they would want all governments…
As the second quarter of 2024 begins, Ethereum (ETH) investors are looking to history for clues about the potential performance of the second-largest cryptocurrency by market value. Ethereum’s price history reveals a pattern of robust Q2 gains, with an average increase of 67.19%. Crypto analyst Ali shared a screenshot of Ethereum’s quarterly returns; ETH saw massive gains of 453% and 102.25% in Q2 of 2017 and 2019, respectively. Gains for the second quarter averaged 67.19%, with a median of 15.29%. Q2 has historically been very bullish for $ETH!However, we must consider the high probability that the @SECGov will delay the…