Author: NBTC
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…
Goldman Sachs stands firm on its belief that cryptocurrencies have no value. The chief investment officer of the banks Wealth Management unit, Sharmin Mossavar-Rahmani, says clients have not voiced interest in exposure to the asset class, even after the latest surge in prices. Goldman Sachs, nowadays one of the few Wall Street banks to do so, isn’t backing away from its negative stance against crypto, as it doesn’t see any value in the asset. Sharmin Mossavar-Rahmani, chief investment officer of the bank’s Wealth Management unit, has long been known for her skepticism of bitcoin and other digital assets, and her…
In a recent development within the cryptocurrency sphere, Panos Mekras, a renowned blockchain advisor specializing in the XRP Ledger (XRPL), has sparked discussions regarding the integration of USDC onto the XRPL. Mekras, known for his insights into blockchain technologies, took to social media to shed light on the absence of USDC on this ledger. Addressing the issue, Mekras emphasized the significance of USDC and EURC (Euro Coin) integration for the progress of projects like Anodos on the XRPL platform. He disclosed his proactive approach by reaching out directly to Circle, the company behind USDC, to inquire about the delay in…
Amid Bitcoin (BTC)’s recent surge above $70,000 to hit unprecedented levels, analysts are voicing their thoughts on lackluster activity on-chain, indicating a notable reluctance on the part of investors to part ways with their holdings. No One Wants to Sell BTC as Bitcoin’s On-Chain Activity Declines, Analysts Say Despite Bitcoin’s rising price, real economic activity on the blockchain is showing signs of stagnation, indicating a reluctance to make a significant sell-off, according to experts. Blockware Solutions, a research firm, highlighted this trend in its latest Blockware Intelligence newsletter. Experts pointed out that the average on-chain transfer volume in USD was…