Author: NBTC
With Bitcoin breaking through $66K, are we seeing the early stages of a long-term bull market or just another temporary spike? Table of Contents Bitcoin is back in action Factors fueling the market momentum What to expect next? Bitcoin price predictions: 2024 and beyond The road ahead Bitcoin is back in action Bitcoin (BTC) is back in the spotlight, crossing the $64,000 resistance mark as the broader crypto market shows signs of recovery. As of Oct. 14, Bitcoin is trading around $66,000 levels, marking a solid 5.5% jump in the past 24 hours. Bitcoin 6-month price chart | Source: TradingView…
Sky, formerly known as Maker, may be facing yet another rebranding decision barely two months after its last transformation. Rune Christensen, co-founder of Maker, has proposed to the community a potential return to the “Maker” name, a response to feedback on the recent rebranding move and the recent launch of its USDS stablecoin. The stablecoin, formerly DAI, reached a total supply of 1 billion just two weeks after its launch. USDS has already been integrated into leading decentralized finance platforms like Aave, Morpho and Ethena, with plans to expand it to layer-2 networks and Solana. The latest proposal comes just…
The regulatory arm of ADGM, the FSRA (Financial Services Regulatory Authority) in the UAE, has just issued its fiat-referenced-tokens framework, better known as its stablecoin regulations. The new framework expands the suite of digital assets already offered by ADGM regulatory authority. As per the press release, the framework introduces several key components that establish robust standards for FRT issuers to ensure financial stability and investor protection such as reserve assets, governance and integrity, transparent disclosure, prudential safeguards, and redemption rights. The framework makes FRT issuance a distinct Regulated Activity within ADGM’s comprehensive financial services regulatory regime. It has been designed…
Zano, the L1 blockchain, is collaborating with NOWPayments to bring crypto payments with more privacy protection to major global brands like Burger King, Shopify, Travala, and AT&T. Crypto payments with privacy by Zano and NOWPayments at Burger King and global brands Crypto payments with privacy: how the new Zano and NOWPayments solution works Bitcoin and the conquest of the cruise sector Crypto payments with privacy by Zano and NOWPayments at Burger King and global brands The new collaboration between Zano and NOWPayments aims to bring to global brands like Burger King, Shopify, Travala, and AT&T, crypto payments with privacy. All…
Buenos Aires and Nairobi – Cardano, the seventh-largest blockchain by market capitalization, has convened a groundbreaking constitutional convention across two continents. Hosted in Buenos Aires and Nairobi, this historic event brings together over 2,000 community members, marking a pivotal step in the evolution of decentralized governance.—A Global Effort, Years in the MakingThis three-day event is the culmination of two years of development, including 65 workshops across 50+ countries, with input from over 1,200 participants. The diverse gathering of 120 elected delegates and alternates aims to finalize and approve the Cardano Constitution, which will later be ratified through on-chain voting by…
Bitcoin consolidates post surge, with prominent market analyst Egrag noting key resistance and support levels to watch for a decisive move. Bitcoin’s recent price movement points to a consolidation phase, as it fluctuates just below the $65,000 mark. While bullish momentum appears to be building on various timeframes, market analysts remain cautious. Analysis Points to Key Levels According to Egrag Crypto, a prominent analyst, the three-day time frame for Bitcoin shows a concerning trend. Per his chart, the five local tops candle formation indicates wicks from the upside, suggesting significant selling pressure at the peaks. This pattern is seen as…
Bitcoin has officially hit the historic $100,000 mark for the first time. Bulls are already targeting levels beyond $103k at the time of writing. As the focus has now shifted to Bitcoin, the second largest cryptocurrency–Ethereum is also showing strong bullish momentum. Right now, Ethereum is breaking out towards $4,000 and looking at the weekly Ethereum chart, the price is showing strong performance ahead. Ethereum is approaching a major resistance zone around $3.9K to $4K. If it breaks above these levels, the next target would be the previous all-time high, around $4.7K to $4.9K, just under $5,000. On the 3-day…
The analyst who co-wrote this piece owns shares of MicroStrategy (MSTR). Despite all the weird memecoins and degen behavior in 2024, ETFs are in the running for story of the year in cryptocurrency investing. And that story — which began when bitcoin and ether exchange-traded funds debuted to great fanfare — might not be over. After a sixfold surge in its stock price this year, Michael Saylor’s bitcoin (BTC) investment firm MicroStrategy (MSTR) looks poised to join one of the biggest exchange-traded funds around, the $312 billion Invesco QQQ ETF (QQQ). That fund tracks the Nasdaq-100 Index. Every December, Nasdaq…
Supply chain-focused blockchain VeChain has boosted its ecosystem after receiving a US-approved patent for its latest innovation. Vechain confirmed the development in a retweet, citing an earlier post from pseudonymous community figure AprilStrawberry. The patent allows VeChain the exclusive rights to its latest temperature data innovation. Patent Details Approved on October 15, VeChain secured its third US patent in three months through NanoJClean Technology, the network’s offshore subsidiary based in China. Notably, NanoJClean prides itself on being a blockchain-enabled food traceability platform and an early contributor to the VeChain network. The patent, with number US 12,118,129 B2, gives VeChain the…
As the January 15 deadline for the SEC’s decision to appeal the Ripple lawsuit looms, discussions about the agency’s next steps are heating up. The XRP community is debating on whether the agency will pass up this deadline or submit a filing. Pro-XRP lawyer Jeremy Hogan recently weighed in on the situation, proposing a potential strategy for the SEC to delay the process until the new chairman joins. Lawyer Predicts SEC’s Next Steps in Ripple Lawsuit “The proper course of action would be to request an extension—say 30 days—to file the brief and explain to the Court why,” Hogan suggested…