Author: NBTC
By issuing digital certificates on the Hedera blockchain, the World Gemological Institute (WGI) aims to modernize the diamond industry by ensuring transparency, authenticity, and security. WGI-graded assets will receive blockchain certificates ensuring immutable verification of their authenticity, provenance, and ownership. The World Gemological Institute (WGI), has introduced a revolutionary tie-up with the fintech outfit Vaultik on tokenizing $3 billion worth of luxuries, which include diamonds and gemstones to watches and jewellery, on Hedera blockchain. This is about modernizing a 100-bn-dollar diamond industry on a distributed ledger. Thus, it will ensure authenticity and transparency for these certified assets and security. Terms…
A group of seven British men have been jailed for a combined 76 years after kidnapping and brutalizing a man in an attempt to acquire hundreds of thousands of dollars’ worth of crypto assets. According to a report by local police, the unidentified victim was kidnapped from his home in Irlam, Greater Manchester in December, before being thrown into a van and forcibly taken to a nearby property with a bag over his head. #JAILED | Criminal gang who kidnapped vulnerable man for cryptocurrency jailed for 76 years Today (Thursday 30 January) the men appeared at Manchester Crown Court to…
Bitcoin has made a slight rebound, now trading above the $94,000 mark after a drop that rattled the entire cryptocurrency market. At this point, the key question is whether the most recent low will hold. If it does, the $94,000 level could serve as a springboard for further gains. However, looking back to December 4, Bitcoin had already hit $100,000 and even reached a high of $108,268 on December 17, sparking excitement among investors. This milestone was seen as a major psychological barrier for the cryptocurrency. Bitcoin, along with other cryptocurrencies, had been on the rise since Donald Trump was…
Ethereum’s (ETH) leadership is to blame for the blockchain’s declining fortunes. That’s according to one of the platform’s fiercest critics, Cyber Capital’s founder and CIO, Justin Bons. The analyst tore through the network’s top brass in a hard-hitting X thread on the project. Mr Bons slated ETH for muzzling its stakeholders from speaking on its running. Instead, he suggested: ETH is governed in a dictatorial fashion from the top down by developers who live in ivory towers & are disconnected from the realities of competitive markets, driving ETH into the ground. Justin Bons His thoughts resonated with many of his…
A former top dog at the Federal Reserve has been caught red-handed. John Harold Rogers, a 63-year-old Virginia resident and longtime Fed insider, was arrested on Friday after US prosecutors accused him of leaking sensitive economic data to Chinese intelligence operatives. The charges are smuggling classified information through personal emails and hotel room meetings under the guise of teaching “classes” to fake Chinese grad students. According to an indictment unsealed in a Washington, DC federal court, Rogers spent years exploiting his role as a senior adviser in the Fed’s international finance division to access top-secret details on US trade policies,…
Cryptocurrency analytics firm Alphractal has released a new market update, highlighting notable trends in the Bitcoin and altcoin markets while also shedding light on potential volatility ahead. Alphractal noted that cryptocurrency mining stocks, which have historically shown a strong correlation with the price of Bitcoin, have experienced a recent short-term decline. However, the firm highlighted an interesting dynamic: Correlation Shift: When the typically strong correlation between Bitcoin and mining stocks weakens, this has historically preceded significant swings in Bitcoin price. Market Influence: Mining companies, which often hold significant Bitcoin reserves, act as influential market players. Deviations from Bitcoin’s price movements…
Ethereum’s price chart shows a falling wedge pattern signaling an upward trend. A breakout could push Ethereum toward $3,800, a key resistance level. Traders are watching closely as ETH nears a crucial breakout point. Ethereum, the second-largest cryptocurrency by market capitalization, is signaling a bullish breakout following the formation of a falling wedge pattern on its daily chart. This technical structure, identified by respected analyst CryptoBullet, highlights an exciting opportunity for traders and investors as Ethereum hovers near the $3,391.86 mark. The Falling Wedge Pattern The falling wedge is a bullish reversal pattern that often precedes price movements to the…
As January ends, the excitement around XRP and its potential ETF is building. Grayscale has officially filed for an XRP spot ETF on the NYSE, and this has investors buzzing. Grayscale has been a key player in pushing forward Bitcoin and Ethereum spot ETFs, which makes their move toward XRP important. This filing could pave the way for more crypto ETFs. Other companies, such as Canary Capital and Bitwise, have also applied for XRP spot ETFs. There’s even talk about BlackRock potentially submitting their own ETF application for XRP, and Grayscale has also filed for a Solana spot ETF. Meanwhile,…
Institutional investors are steadily increasing their Bitcoin holdings as retail investors sell off prematurely, driven by impatience and financial pressure. Bitcoin’s appeal grows amid global economic uncertainty, with institutions adopting it as a hedge against inflation and financial instability. The Modern Investor has discussed a significant issue in the crypto market: institutional players are silently accumulating large volumes while retail investors seem to be liquidating their Bitcoin holdings. This trend has raised issues regarding long-term plans and the consequences for regular investors who might regret their choices in retrospect. Institutional Bitcoin Accumulation vs. Retail Investor Impatience Notable advancements in Bitcoin…
Ethereum experienced a surge this week, briefly breaking above a key resistance region. However, it lacked sufficient momentum, appearing to be a false breakout. If ETH faces a more profound rejection at current levels, lower prices could follow. Technical Analysis By Shayan The Daily Chart Ethereum saw a strong push from buyers at the $3K support range, driving the price slightly above a substantial resistance region. This key region includes: The 100-day moving average at $3.3K The bullish flag’s upper boundary at $3.4K Despite clearing these levels, ETH encountered significant selling pressure at $3.5K, highlighting insufficient buying power. This false…