Author: NBTC
As summer is currently fast approaching, several crypto traders and analysts have cranked up their optimism for Bitcoin price trajectory. Among them is well-known crypto analyst, Rekt Capital, who has recently shared insights on BTC next move, suggesting that the asset is poised for a significant breakout in September. This sentiment is echoed by other market analysts who have been closely analyzing recent trends and historical data. What the Bullish September Sentiment Is Based On Rekt Capital pointed out that despite Bitcoin’s failure to break out from its reaccumulation range post-April’s Bitcoin halving, it is still “on track for a…
A prominent Ethereum trader has recently witnessed a turn of events. As per Lookonchain, a well-known on-chain analytics provider, the $ETH trader, after getting significant attention for making all profitable trades, has gone through the earliest loss of up to $71.4K. The analytics platform took to its official X account to offer insights into this event. This smart trader with a 100% win rate has just completed another trade, but this time he lost money!He sold 5,690 $ETH($13.1M) at $2,304 yesterday and bought back 5,660 $ETH($13.1M) at $2,316 just now, losing 30.8 $ETH($71.4K)!https://t.co/6j9IRgvFNM pic.twitter.com/iPEoF5fY9q — Lookonchain (@lookonchain) September 18, 2024…
Consumers are wary about using CBDCs, despite the fact that most central banks are exploring using these cryptocurrencies, according to a survey by Deutsche Bank. The COVID-19 pandemic hastened the shift towards digital payments, the report said Only 16% of those surveyed thought that central bank digital currencies would go mainstream. Consumers are still reluctant to use central bank digital currencies (CBDCs), despite the fact that 94% of central banks globally are exploring using these cryptocurrencies, according to a survey by Germany’s Deutsche Bank (DB) The bank surveyed 4,850 consumers in Europe, the U.K. and the U.S. in March this…
Synapse, the interoperability protocol and cross-chain bridge, has seen its native token soar after Binance Futures news. On Aug. 16, the price of Synapse (SYN) surged to over $0.57 after gaining more than 40% in 24 hours. Daily trading volume increased by 203% to over $68 million, while market capitalization hovered around $107 million following the 40% spike at the time of writing. Binance Futures adds SYN The gains for the inter-blockchain compatibility project came after a major listing announcement by leading crypto exchange Binance. Futures trading allows traders to buy or sell the underlying asset — whether it be…
Rep. Ritchie Torres (D-NY), one of the strongest pro-crypto voices within the Democratic Party, recently spoke about the legal status of Ethereum (ETH) during a congressional hearing, arguing that the second-largest cryptocurrency should not be classified as a security. “The textbook example of a security is a stock. If I invest in the Apple stock, it means that I am expecting a profit from the managerial efforts of Apple, the company. If I buy Ether, from whose managerial efforts am I expecting a profit,” Torres asked. Dan Gallager, a former commissioner of the Securities and Exchange Commission, stated that there…
Satoshi Protocol, a prominent stablecoin protocol that gets support from Bitcoin, has announced an exclusive collaboration with Soveryn. The partnership between Satoshi Protocol and the BOB chain-based DeFi protocol Sovryn will unveil a SAT-wBTC pool to boost the utility and liquidity of SAT in the BOB ecosystem. The platform disclosed the development on its official account on X. Partnership with @SovrynBTCOur collaboration introduces a new SAT-wBTC liquidity pool, boosting $SAT utility and trading options on BOB.Thrilled to announce our partnership with @SovrynBTC, the leading BTCfi Hub on the BOB chain. They offers secure, fast Bitcoin trading… pic.twitter.com/hV6n4rWj2K — Satoshi Protocol…
Bybit, the world’s second-largest crypto exchange by trading volume, has announced its sponsorship of Ethereum’s first-ever “Attackathon” with a 75 ETH contribution. The global audit contest and hackathon, organized by Immunefi and the Ethereum Foundation, aims to enhance the security of the Ethereum protocol. “At Bybit, we believe in the power of community and innovation to drive the future of blockchain technology. Our sponsorship of the Ethereum Attackathon aligns with our mission to support the security and sustainability of the ecosystems vital to the global crypto community,” Ben Zhou, co-founder and CEO of Bybit, stated. The eight-week Attackathon event is…
The $170 billion stablecoin supply could potentially underpin demand for tokenized Treasuries, Standard Chartered’s Alexander Deschatres said. The Fed will likely cut rates on Wednesday, starting the so-called liquidity easing cycle. The Federal Reserve will likely cut interest rates this Wednesday for the first time since 2020, ending the most aggressive monetary policy tightening in decades. According to several observers, including Arthur Hayes, chief investment officer of Maelstrom and co-founder of BitMEX, the impending low interest rate environment is likely to curtail demand for tokenized Treasuries or digital representations of U.S. treasury securities that can be traded on the blockchain.…
According to statistics, Paypal’s PYUSD stablecoin has surpassed Tron’s stablecoin USDD becoming the sixth largest dollar-pegged token by market capitalization. Over the past ten days, PYUSD’s supply has swelled by $140.9 million. Paypal’s PYUSD Nears $1B Milestone The stablecoin asset issued by Paypal is now the sixth largest stablecoin asset today after growing significantly over the past ten days. On Aug. 06, 2024, PYUSD’s market valuation was $651 million and today, it’s up to $791.9 million on Aug. 16, 2024. Metrics show that there’s more PYUSD on Solana now than the PYUSD on Ethereum as 449 million SOL-based PYUSD is…
The ongoing battle between the U.S. SEC and Coinbase has taken an unexpected turn. In a recent move, the SEC requested a four-month extension on the fact discovery deadline, pushing it to February 2024—right after the presidential elections. This delay has sparked speculation, especially as the SEC faces mounting challenges in the crypto space. Did the tables really turn? Let’s find out. Why the SEC Is Pressing Pause In a letter to Judge Katherine Failla, the SEC sought additional time to review over 133,000 documents, citing the extensive discovery process in its case against Coinbase. Both Coinbase Inc. and Coinbase…