Author: NBTC

On Sept. 9, 2024, ethereum’s price hovers at $2,309 as it struggles to break free from a strong downtrend, observed across multiple timeframes. The market reflects uncertainty, with oscillators showing mixed signals and moving averages signaling a bearish outlook. While there are signs of accumulation near current support levels, the broader market environment demands caution from traders. Ethereum Ethereum’s 1-hour chart reflects a range-bound market, with prices fluctuating between $2,240 and $2,340. Support is firmly held at $2,240, while resistance looms at $2,338. Recent volume spikes indicate a lack of follow-through buying pressure after the drop to $2,240, signaling indecision…

Swift announced a new initiative on Sept. 11 to streamline global transactions and enable its members to use their Swift connection for transactions involving both traditional and emerging asset types, such as crypto. Swift plans to test multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions on its global platform. This could allow securities buyers to simultaneously pay for and exchange tokenized assets in real-time on Swift’s network. The new initiative will focus heavily on the global trading of real-world assets (RWA), as the industry is expected to reach a $30 trillion market cap by 2034. Swift said that the global tokenized…

The first Monday in August 2024 has gone down in cryptocurrency history as a notable day in terms of price crash. Some have even described it as a “red Monday” given the huge slump in the crypto space and the broader financial market. Despite the price crash, which pushed many investors to hit the sell button on their digital assets, particularly Bitcoin, BlackRock (IBIT) did not see sell-offs as the asset manager held on to its portfolio investment in the world’s leading digital asset. BlackRock’s unwavering stance As Eric Balchunas, Bloomberg Senior ETF analyst said, BlackRock’s decision not to sell…

Ethereum (ETH) has fallen to the $2,200 range, a level not seen since late January. Vitalik Buterin recently sold ETH worth $1.835 million, and the Ethereum Foundation allocated 3,000 ETH for liquidity. Ethereum (ETH) has slipped into a challenging phase, with its price falling to the $2.2K zone for the first time since late January. This decline comes amid several key developments and market shifts that are adding pressure to cryptocurrency. In recent weeks, Ethereum has struggled to maintain its upward momentum. The launch of a new decentralized exchange, Ethervista, and Ripple’s move to integrate Ethereum smart contracts into the…

Metabit Network, a blockchain entity for commercial applications, has recently announced an exclusive partnership with PinGo. The collaboration between Metabit Network and PinGo denotes a crucial move in the expansion of the efficiency and capabilities of artificial intelligence, decentralized physical infrastructure networks, and Web3 technologies. The platform took to its official social media account to offer insights into this initiative. 🚀 Partnership Announcement!🙌We’re thrilled to announce our collaboration with @pingoai, a trailblazing platform redefining how we access computational resources, datasets, and artificial intelligence! 🤖💻🍀PinGo bridges idle computing power, effectively solving the… pic.twitter.com/OyFOq2NzZz — METABIT NETWORK (@metabitofficial) August 24, 2024 Metabit…

Arctic7, a significant game development studio, announces a strategic collaboration with Random Games. This collaboration aims to explore multiple opportunities in game development in Unioverse, a game creation and sci-fi gaming platform. This partnership is a milestone in the gaming world because of the vision of Random Games to develop a community owned-franchise worth billions of dollars. This would be accessible for the game developers without any royalty fee. This shows the commitment of both platforms to highlight the creation, talent and developers. Arctic7 Offers New Experiences for Unioverse Community By collaborating with Random Games, Arctic7 offers new experiences to…

Cryptocurrency payments are becoming a staple in modern finance, and the right platform can make all the difference. Explore how BitPay, CoinsPaid, Stripe, Coinbase, and PayPal are revolutionizing the way we handle digital transactions with ease and efficiency. BitPay: Offering Easy Crypto Payment Solutions for All Users There are no two ways about it: Bitpay is a multi-faceted payment mechanism that offers great flexibility to both individual users and businesses. It extends the conventional means of payment and includes features like crypto debit cards, bill payments, and even noncustodial wallets. In this way, the server does not hold the assets,…

MicroStrategy executive chairman Michael Saylor strongly endorsed the idea of a strategic Bitcoin reserve during a CNBC interview, framing it as a transformative step for nation-states, corporations, and individuals alike. The reaffirmation comes as Bitcoin rebounds by over 5% after a significant downturn, bolstering the confidence of crypto enthusiasts and investors. The flagship crypto was trading at $56,414 as of press time, up 3.32% over the last 24 hours, based on CryptoSlate data. ‘Catalytic’ moment Saylor pointed to the Bitcoin 2024 conference in Nashville as a pivotal moment for the crypto industry. The event attracted high-profile figures, including presidential candidates,…

The Hedera team has introduced HIP-850, which will be implemented on the mainnet as part of the upcoming v0.53 upgrades. The upgrade allows supply keys to update NFT metadata as long as the token remains in the treasury account for more dynamic NFT data management. Hedera has announced HIP-500, the latest upgrade that allows users to enjoy more dynamic management of NFT data, the latest development in one of the world’s most innovative blockchain networks. The Hedera revealed that HIP-500 will be implemented as the network welcomes the v0.53 upgrade, saying it will “empower NFT users and issuers with greater…

A prominent cryptocurrency whale has strategically bought 5,000 ETH, valued at approximately $11.46 million, during the recent market dip. The accumulation occurred over the past two days, indicating the whale’s confidence in Ethereum’s long-term potential despite short-term volatility. A smart whale bought 5,000 $ETH($11.46M) at the bottom again in the past 2 days!The whale bought 5,200 $ETH at an average price of $1,322 in November 2022.Then sold it at an average price of $2,093 in January, December 2023, and January 2024, making more than $4M!… pic.twitter.com/yTKB12dU4i — Lookonchain (@lookonchain) September 9, 2024 This isn’t the whale’s first major move. In…