Author: NBTC

The dYdX Foundation has announced the integration of the famous Phantom Wallet. As per dYdX, the integration substantially enhances the accessibility of the DeFi protocol by introducing a simplified pathway to the large consumer base of Phantom to interact with dYdX. Hence, consumers can enjoy an unparalleled trading experience because of this integration. dYdX Chain’s Collaboration with Phantom Facilitates More than 7M Users with a Simplified Trading Experience As dYdX Chain mentioned, Phantom joins the roster of dYdX including the compatible non-custodial wallets. They take into account Keplr, OKX Wallet, Coinbase Wallet, and MetaMask among others. Apart from that, the…

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Ethereum’s positive cycle in a bear channel aims to reach $3,000 with a bullish pennant in the 4-hour chart. With a bullish trend in the broader crypto market, Ethereum is scaling new heights and preparing to hit an overhead trendline. The bull run in the biggest altcoin continues despite the minor selling spree observed earlier this month. Will this recovery run in Ethereum result in a falling channel breakout run above $3,000? Bull Cycle In Ethereum’s Falling Channel With a bullish trend in Ethereum, the ETH token has increased by 13.54% in the past seven days. Currently, the token is…

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The Federal Reserve’s recent decision to cut interest rates has sparked renewed optimism in financial markets, particularly among cryptocurrency investors. The crypto market, which has been struggling to recover, saw Bitcoin prices rise ahead of the Fed’s announcement, fueled by hopes that lower rates could bolster digital assets. However, questions remain on whether these rate cuts, coupled with the anticipated Bitcoin halving event, will provide the much-needed boost to the broader crypto markets. Bitcoin’s Response to Rate Cuts Bitcoin, the world’s largest cryptocurrency, surged above $60,000 for the first time since last month as the Federal Reserve began its two-day…

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Paraguay launches Blockchain Chamber, promoting sovereign blockchain innovation for government, finance, commerce, civil, and military applications. Legaledger, built on Hyperledger and Besu, eliminates transaction gas fees for military and legal operations under law 6.822/21. Paraguay has taken a significant step in the blockchain arena by establishing the Paraguayan Blockchain Chamber, aimed at fostering financial innovation on a sovereign blockchain. The chamber’s spokesperson and director, Ricardo Prieto, discussed the initiative’s main focus: developing blockchain solutions for both public and private sectors, including government, finance, commerce, civil, and military ecosystems. The project, named Legaledger, is built on the Hyperledger and Besu platforms,…

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Bitcoin forms an inverse head and shoulders pattern, signaling a potential bullish reversal. The IHIS pattern’s target indicates a possible Bitcoin price rise to $88,000. Bitcoin’s recent price action aligns with this pattern, suggesting an imminent upward move. Bitcoin (BTC) has recently caught the attention of traders due to a classic technical pattern—the inverse head and shoulders (IHS). The IHIS is often considered a bullish reversal chart pattern by crypto analysts. The post below shows that BTC is breaking out of an inverse head and shoulders pattern. Additionally, the analyst suggests that this breakout might propel the price of BTC…

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Leading altcoin Ethereum (ETH) is witnessing a resurgence in bullish sentiment. This comes at a time when Bitcoin’s (BTC) dominance is weakening, suggesting that investors are shifting their focus toward ETH and other altcoins. As ETH accumulation steadies, the coin could be setting the stage for trading above $2,900. Ethereum Leads, Bitcoin Follows Ethereum has surged 13% over the past week, outperforming Bitcoin, which has risen by just 6% during the same period. The ETH/BTC ratio has also continued its upward trend, increasing by 33% over the last seven days, indicating a growing preference for Ethereum over Bitcoin. As of…

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Hong Kong’s securities industry saw increased profit in the first half of 2024, according to the Securities and Futures Commission (SFC) report. Securities dealers and margin financiers posted total net profits of HKD 19 billion ($2.44 billion) in the first six months of 2024. This is a 50% increase compared to the previous six months and a 29% growth year-on-year. The sector continued its upward trend, building on a 25% year-on-year increase in 2023. Total industry revenue remained relatively flat due to the rise in net commission income, underwriting fees, and trading profits. However, these gains were offset by declines…

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Although Ripple’s legal dispute with the U.S. Securities and Exchange Commission (SEC) has concluded, it continues to attract attention. Prominent attorney John Deaton recently claimed SEC lawyers engaged in intentional misconduct during the lawsuit, saying they misled the court. SEC Misconduct Allegations Deaton stated in a recent interview that the SEC’s legal team crossed ethical boundaries, calling for the dismissal of those responsible. His accusations center on how the SEC handled the Ripple lawsuit, with claims that the commission’s legal team misrepresented key details. He argued that this behavior went beyond normal legal strategy and was unethical. Deaton’s remarks have…

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Assetera, an investment and trading firm for blockchain-based financial instruments, has tapped Polygon to power its real-world asset platform. The Austria-regulated company holds both MiFID II and virtual asset service provider (VASP) licenses and plans to upgrade to meet MiCA standards. Assetera, an investment and trading firm for blockchain-based financial instruments, has tapped Polygon to power its secondary market real-world-assets (RWAs) platform. The platform offers tokenized assets, such as securities, funds and money market instruments in a regulated digital trading venue. Assetera will use Ethereum scaling network Polygon to secure transactions and utilize stablecoins for purchase, clearing and settlement to…

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With Bitcoin (BTC) facing resistance at the $70,000 mark, a significant part of market anticipation is that the maiden crypto will maintain the current bullish momentum to target another record high. Amid the current price movement, crypto trading expert TradingShot observed in a TradingView post on July 29 that Bitcoin is demonstrating strong signs of entering an early parabolic rally. This pattern elevates speculation about Bitcoin’s potential to reach the coveted $100,000 mark. The expert suggested that Bitcoin’s price movements have historically adhered to a cyclical movement, with distinct phases of accumulation, consolidation, and parabolic growth. The ‘Parabolic Growth Channel’…

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