Author: NBTC
The Bank of England (BoE) lowered its key interest rates to 4.75% from 5% on November 7, marking its second rate cut this year as UK inflation dropped to 1.7% in September, falling below the central bank’s 2% target. The rate reduction comes after the BoE decided to hold its interest rate steady in September, following an August cut that brought the rate to 5%. The September pause was intended to assess the impact of previous rate reductions while ensuring inflation remained under control. British inflation declined sharply from 2.2% to a three-year low of 1.7% in September, dropping below…
The Cosmos ecosystem has recorded impressive staked token values, with $TIA emerging as the leader. TIA’s staked tokens amount to a significant $3.9 billion, marking it as the highest staked value within the Cosmos projects. This strong position reflects investor confidence in $TIA, highlighting its relevance in the expanding Cosmos network. The staking ratio of $TIA is also noteworthy, standing at 67.2%, signaling a high level of engagement and commitment from its holders. TOP #COSMOS PROJECTS BY TOTAL VALUE OF STAKED TOKENS$TIA $SEI $SAGA $INJ $CRO $ATOM $DYM $FET $OM $AXL $ZETA $AKT $DYDX $LUNA $OSMO pic.twitter.com/oQJ0lqi2eX — PHOENIX –…
Gold is on fire. Investor FOMO—fear of missing out—has pushed global demand for the precious metal past $100 billion in the third quarter, a historic peak. At the same time, Bitcoin has managed to stage a remarkable Uptober comeback during the last days of the month. This rally reflects a major shift among investors who see gold and Bitcoin as safe bets amid economic unrest. In fact, global gold demand rose 5% to 1,313 tonnes, and the price shot up 34% this year alone, reaching a record $2,788 per troy ounce. Investors—big and small—are diving into gold, while Bitcoin continues…
Though barely a day old, Donald Trump’s victory in the 2024 U.S. presidential elections has already had a massive impact. Since the Republican is widely seen as pro-business and against government spending and debt, investors reacted ecstatically to his victory, with the stock market adding more than $1 trillion within a single session. The cryptocurrency market was no slouch either. It saw its total market capitalization valuation rocket $330 billion within approximately 24 hours from $2.19 trillion to $2.52 trillion – a 15% rise. – per CMC data retrieved on November 7. One of the big reasons for Trump’s positive…
The Sui network is one of the blockchains that have demonstrated impressive growth in various main aspects of their operations. Its performance so far has been characterized by new milestones and one of the latest involves the USDC stablecoin. Sui revealed that USDC operating natively on its network surpassed $100 million. Even more impressive is that the stablecoin has achieved the milestone less than 8 weeks after it made its debut on the network. 💥 Today, Sui officially crossed $100,000,000 in native USDC – less than two months since launching! 🎉🕶️ DeFi on Sui isn’t slowing down!Data from @usdc_cool pic.twitter.com/P3Ou49lmy4…
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…
Erik Voorhees, the ShapeShift CEO and the founder of the Venice.AI project, has addressed the cryptocurrency community to hint that he expects the Bitcoin to surge in all aspects soon, including the price. He stressed the key feature of Bitcoin, underscoring the fact that it is likely to play a key role now as the demand for BTC is going up fast. Voorhees’s message: Bitcoin will surpass gold, USD, oil Erik Voorhees, being an OG Bitcoin supporter and its early investor, published a tweet about Bitcoin, hinting, similarly to other Bitcoin proponents, the high potential BTC has in surpassing all…
Blockchain tracking platform Whale Alert, which tracks down large cryptocurrency transfers, has spotted an astounding Dogecoin transaction made by an anonymous whale from a popular investment and trading app. This weekend has been rich in large meme coin transfers with roughly 1.6 trillion Shiba Inu tokens moved a day earlier. That huge DOGE transfer sent ripples through the crypto community as mixed reactions to it began to emerge on the X platform. 200 million DOGE taken off Robinhood amid 13% price surge The above-mentioned data source shared that a cryptocurrency whale made a stunning withdrawal of 200,000,000 DOGE worth $45,746,453…
Bitcoin (BTC) is closing in on its all-time high (ATH), bringing excitement among bulls. However, seasoned analyst Peter Brandt advises caution, urging bulls to stay excited yet avoid becoming dogmatic. Bitcoin Breakout Yet To Be Confirmed After a lackluster start to October – a historically bullish month for Bitcoin – the digital asset is exchanging hands at $71,789, just about 3% shy of its March 2024 ATH of $73,737. While the prospect of a new ATH has the crypto market on its feet, veteran analyst and trader Brandt thinks multiple conditions must be fulfilled to determine a confirmed breakout. In…
Big NFT projects like Crypto Punks and DMarket are in the news again. This past week has been quite volatile in the NFT space, with some of the most popular collections experiencing a massive increase and a sharp drop in sales. By looking at data from CryptoSlam on NFT activities in the last 7-days, DMarket on Mythos blockchain and Crypto punk on Ethereum comfortably occupy the leading position in terms of sale volumes and buyer interests. DMarket: $5.6 Million Sales DMarket takes the first place with an incredible $5,598,316 earned through 226,459 transactions. Though it witnessed a decline in the…