Author: NBTC
Mohamed El-Erian, who contributes his articles to Bloomberg Opinion, expressed his concerns about the current state of the US economy. In a recent interview with Bloomberg Television, El-Erian stated that the US economy is slowing down faster than the Fed predicted. El-Erian particularly emphasized the importance of looking at the totality of data that he believes show concrete signs of economic slowdown and loss of momentum. He argued that it was necessary to talk about reducing interest rates as early as next month. “If you look at the data as a whole, the economy is slowing, and it is slowing…
On June 5, the Cosmos Hub blockchain network experienced an outage lasting around four hours due to a bug discovered during the implementation of the v17 upgrade. The Cosmos team stated that the bug was a Liquid Staking Module (LSM) security vulnerability. While developers swiftly identified and resolved the bug, block production on the network did not resume until most validators had implemented the patch. It stated: “The teams at Informalinc and HyphaDoesCosmos have issued a fix for the bug that was found. We’re currently at 55% of validators who have implemented the patch. We encourage any remaining validators who…
On Sunday, the first wave of the European Union’s landmark, comprehensive law governing digital assets will take effect. With the Markets in Crypto-Asset Regulation framework, Europe has succeeded in doing what other jurisdictions, including the U.S., are still avoiding: provide legal and regulatory clarity for not one piece of the digital asset market, but all of it. Catalyzed by the specter of Big Tech, like Meta’s Diem (formerly Libra) initiative, entering financial markets, or because of fears of unchecked cryptocurrency, the last five years have been marked by concerted policy development in Europe. MiCA will have a profound effect of…
The following is a guest post by Rajagopal Menon, the Vice President of WazirX.Come the bull market, cometh the models to predict the price of Bitcoin. In the last bull market in 2021, the Stock-to-Flow (S2F) model was the flavour of the season. This model, created by Plan B, assessed asset scarcity by comparing stock to annual production. Applied to Bitcoin, the S2F model emphasised its ‘digital gold’ potential and provided scarcity-based, long-term price forecasts. However, the S2F model faded in the crypto winter in 2022. But fear not, in the current bull run, there’s a new model in town…
Critical dates are approaching for Ethereum, which received approval from the SEC after Bitcoin. Because market analysts expect ETH ETFs to be opened for trading on July 4. In the face of this expectation, many names are rising in the ETH price, while Steno Research analysts speaking to Coindesk announced their predictions. Accordingly, analysts stated that they foresee a net inflow of $15-20 billion into spot Ethereum ETFs in the first 12 months and predicted at least $6,500 for the ETH price. Stating that they expect the Ethereum price to reach at least $6,500 by the end of this year…
Over the last 24 hours, UNI, the native token of the Uniswap DEX, suffered a significant decline amid the Bitcoin-led crypto market rally. During yesterday’s brief surge, UNI reached a daily high of $11.26. However, UNI dropped to $10.63 earlier today, losing approximately 6% of its value. Lookonchain, the crypto analytics firm, suggests that large-scale whale activity may have influenced Uniswap’s price crash. Lookonchain revealed that a major UNI investor sold 606,088 tokens, realizing a profit of $7.08 million. According to the firm, this substantial sale triggered UNI’s price drop earlier today. In the past 2 hours, this whale sold…
Cassie Craddock, managing director for the U.K. and Europe at San Francisco-based enterprise crypto company, stated that the U.S. continues to be “a big challenge” for the company during a recent interview. It is worth noting that Ripple is still engaged in a bitter long-lasting legal battle with the U.S. Securities and Exchange Commission. Brad Garlinghouse, the company’s chief executive, has repeatedly bemoaned the regulatory uncertainty in the U.S., as well as the hostility of the SEC toward the industry. Excitement surrounding MiCA At the same time, Craddock says that Ripple is “really excited” about the Markets in Crypto-Asset Regulation…
Presidents like Bukele and Milei demonstrate how pro-bitcoin policies can effectively improve economies. Venezuela could become a Bitcoin mining hub under a new government according to Di Bartolomeo. Mauricio Di Bartolomeo, co-founder of Ledn, emphasizes the growing impact of cryptocurrencies on upcoming elections in Latin America. He underscored citizens’ preference for candidates endorsing Bitcoin as a robust financial alternative. Presidents like Bukele in El Salvador and Milei in Argentina have shown that pro-bitcoin policies can be popular and effective in improving economic conditions. Di Bartolomeo anticipates that the next electoral cycle in the region will be heavily influenced by the…
It has been 29 days since the halving and the launch of the Runes protocol, and since May 1, Runes activity has been underwhelming, falling short of the expectations set months prior. Similarly, the trend of Ordinals inscriptions has significantly declined over the past month. Runes Protocol’s Initial Excitement Dwindles Amid Decreased Activity Before the halving, the Runes protocol generated a lot of excitement, with many anticipating it would be the next major development. When the halving occurred at block height 840,000, it seemed Runes would significantly impact the network as fees soared to over $240 per transfer. However, the…
Ethereum price has held relatively well in the past few days as the odds of spot ETF approvals rose. ETH token was trading at $3,455 on Friday, a few points above this week’s low of $3,233. It remains in a correction zone after falling by 13% from its highest point this month. The main catalyst for Ethereum is the anticipated spot Ethereum ETF approval by the Securities and Exchange Commission (SEC). As we reported on Thursday, there is a rising possibility that spot Ethereum ETFs will start trading soon. The rising anticipation happened after VanEck filed form 8-A, which is…