Author: NBTC
The pressing question on crypto traders’ minds is: Has bitcoin’s (BTC) price weakness run its course, or is there more to come? The former appears to be the case as Monday’s price action, characterized by a swift recovery from intraday lows, contrasted with mid-December when the rally stalled and turned lower from record highs above $108,000. On Monday, BTC initially fell as investment banks scaled back expectations for Fed rate cuts, with some discussing the potential for rate hikes following Friday’s stellar jobs report, causing prices to dip below the lower end of the key support zone of $90,000-$93,000 as…
Chairman Jerome Powell holds a live press conference after the Fed left interest rates unchanged as expected. Here are the highlights of what Powell said at the press conference: The economy remains generally strong, with labor market conditions remaining robust, if cooling. Inflation remains high. GDP is expected to exceed 2% in 2024. Hardware investments appear to have slowed. Inflation is closer to target, but still slightly elevated. The labor market is not a source of inflationary pressure. The unemployment rate remains low at 4.1%. We do not need to rush to adjust the policy rate. Long-term inflation expectations appear…
$MAGA Coin leverages blockchain to strengthen political movements. $USA Coin combines patriotism and blockchain innovation for practical applications. $USDT capitalizes on Trump’s influence to drive community-focused initiatives. Currently, differentiated cryptocurrencies are emerging and coins associated with trending themes are appearing. This remains true as recent progress in Donald Trump’s overall influence has led to new blockchain-based projects and ventures. Three coins—$MAGA Coin, $USA Coin, and Ultra Sigma Donald Trump ($USDT)—are also rising at present in light of these factors. $MAGA Coin: A Revolutionary Symbol of Support $MAGA Coin is a new type of token, whose address is connected with the…
In December 2024, the Hong Kong government submitted a proposed stablecoin bill to the Legislative Council as it seeks to better police the $220 billion industry. Legislators recently convened to discuss the bill for the first time, with some key officials from the government invited to share their views on the future of stablecoins in the city-state. The dedicated LegCo stablecoin committee invited Francis Ho and Tanna Chong, deputy secretaries for financial services at the Treasury, to offer their views on stablecoin regulations. Daryl Ho and Ernest Ho, executive directors at the Hong Kong Monetary Authority (HKMA), also attended the…
A new report from DappRadar has highlighted the uptrend of new gamers in the play-to-earn (P2E) industry, underscored by an increase in daily Unique Active Wallets (dUAW) in 2024. dUAW climbed by 421% over 12 months to reach an all-time high of 7.4 million by the end of 2024. DappRadar analysts disclosed the metric in its Blockchain Gaming Yearly Report, delving into key industry trends in what pundits are describing as a “watershed” year for the industry. DappRadar said the industry has enjoyed sustained growth on the retail side of things, which is characterized by new active users and a…
Bitfinex securities is planning to issue tokenized Bitcoin Mining Note BMN2 from El Salvador under the Salvadorian law in 2025. Bitfinex’s Bitcoin Mining Note (BMN2) Bitfinex Securities lanzará importantes productos tokenizados desde El Salvador en 2025https://t.co/d5vzkoTj9a — Paolo Ardoino 🤖🍐 (@paoloardoino) January 30, 2025 According to local media reports, Bitfinex Securities Chief Operating Officer Jesse Knutson stated that the company plans to issue the Blockstream Mining Note 2 (BMN2) in El Salvador in the first quarter of this year. BMN2 is a tokenized financial product that allows investors to earn Blockstream company’s Bitcoin mining rewards through holding. The previously issued…
Bitcoin removes middlemen, offering faster and smoother payments compared to traditional systems like Apple Pay and Google Pay. Unlike traditional payments, Bitcoin ensures privacy and security by avoiding banks and centralized servers in transactions. Direct wallet-to-wallet transfers make Bitcoin a cost-effective and reliable solution for fast global payments. Bitcoin’s direct wallet-to-wallet payment process eliminates intermediaries, providing a faster, secure, and efficient alternative to traditional payment methods. Apple Pay and Google Pay involve complex layers, including chips, servers, and banks, which increase processing steps and dependency on middlemen. Bitcoin, in contrast, streamlines transactions into a single step, ensuring unmatched efficiency. This…
Nick Timiraos, a Wall Street Journal reporter who is referred to as the “Fed’s spokesman,” drew attention to the Fed’s current stance, stating that officials are currently focused on evaluating whether to lower interest rates from the highest level in the last 20 years. According to the journalist, the FED has adopted a “wait and see” approach to interest rates, signaling a pause in the ongoing interest rate cut process. At its policy meeting this week, the Fed decided to leave the federal interest rate unchanged after a series of three rate cuts that began in September when interest rates…
Bitcoin risks a significant drop as the Bitcoin-to-Gold ratio hits resistance. Key levels near $102,000 could trigger a decline toward $65,000–$69,000. A breakout above $102,000 may propel Bitcoin toward $150,000, defying bearish signals. Bitcoin’s impressive surge in 2024 may soon face a major correction. Analysts warn of a potential 35% decline as key market indicators signal trouble. The Bitcoin-to-Gold ratio has entered a historically significant range. This level has often marked market tops in previous cycles. Traders should closely monitor resistance levels that could trigger sharp price drops. #Bitcoin Correction Fractal UpdateThe resolution is near. pic.twitter.com/WlTG7I6gM0 — Titan of Crypto…
Seven months after controversial streamer Dr. Disrespect was booted from his own game studio for alleged misconduct, Deaddrop game developer Midnight Society confirmed Thursday that it is shutting down. “Today, we are announcing Midnight Society will be closing its doors after three incredible years, with an amazing team of over 55 developers contributing to our new IP Deadrop,” the company wrote on X (formerly Twitter) Thursday afternoon. The confirmation comes after Midnight Society Level Designer Brad Boice posted on social media earlier Thursday that employees had been given two days notice of an imminent closure. pic.twitter.com/26DK9pWCaR — Midnight Society (@12am)…