Author: NBTC
This week remains one of the most volatile for digital currencies, with Ethereum (ETH) prominently featured. Over the past 24 hours, the digital currency soared as high as $3,687, marking a five-month high. The price has since cooled off, but CryptoQuant confirmed that the coin has resumed the second leg of its bull run. Ethereum’s quest for ATH At the time of writing, the price of Ethereum has slipped back to $3,620 but with a 5.92% surge in 24 hours. As CryptoQuant Analyst crypto sunmoon pointed out, Ethereum generally hits a higher price mark in subsequent bull cycles than what…
According to a Financial Times report, the Bank of England (BoE) faced doubt from financial markets over its ability to deliver on its 2% inflation target. The report revealed that while actual figures from the UK’s central bank showed positive progress in taming inflation, financial markets remained skeptical of the BoE’s official projections. Last year, the BoE predicted that inflation would be at 3% as both interest rates and unemployment stayed above 5% by the end of 2024. However, the situation turned out more positive as the report revealed that inflation eased closer to the 2% target while interest rates…
Solana has managed to reach its highest daily REV (real economic value) to date (more than $11 million), according to recent data. For comparison, all Ethereum layer-2 solutions logged only $280,000 in revenue over the same period of time. Notably, Solana also recorded its largest gap with the Ethereum blockchain to date (nearly $4 million). Notable milestones On Oct. 23, the Solana blockchain recorded a total of 9.4 million transactions, logging a new year-to-date high. The “Ethereum killer” recently surpassed $6.5 billion in total value locked (TVL), according to blockchain data platform DefiLlama. Jito, Kamino, and Raydium are the top…
The U.S. Securities and Exchange Commission (SEC) has filed a lawsuit against Touzi Capital and its CEO, Eng Taing, alleging a $115 million fraud scheme that misled more than 1,500 investors nationwide. The case focuses on unregistered securities offerings tied to crypto mining and debt rehabilitation businesses. According to the SEC complaint, Taing and Touzi Capital raised $95 million for cryptocurrency mining projects and another $23 million for debt rehabilitation initiatives between 2021 and early 2023. The investments were marketed as “stable and predictable,” and Taing reportedly likened them to high-yield savings accounts. But the SEC alleges the investments were…
In recent years, Bitcoin’s (BTC) price has mostly appreciated each Halloween season, and now an artificial intelligence (AI)-enabled analysis tool, alongside chart patterns, is highlighting a possible continuation of this trend in 2024. Except for 2018 and 2022, the valuation of the maiden cryptocurrency has traded higher on each Halloween day than the year before. Therefore, to determine if the trend will be replicated in 2024, Finbold leveraged insights from advanced AI algorithms deployed by the crypto analytics and forecasting platform PricePredictions. According to the tool, Bitcoin will likely trade at a new record high of $73,977 on October 31,…
Main Takeaways: The ForeverSkills Digital Collectibles are your chance to prove your football skills and show off your CR7 fandom. With the Proof of Skill Duet Challenge, one lucky winner will even get to meet the G.O.A.T. in person. From December 9, you can mint three free Digital Collectibles that come with associated skills tutorials covering Cristiano’s well-known moves. Four premium Digital Collectibles of his renowned skills released on December 12 give you a chance to win signed merchandise by him, access to all signature skill tutorials available, unlock a Digital Masterclass with the G.O.A.T. himself, and even meet Cristiano!…
Leading altcoin Ethereum (ETH) has experienced a notable price surge over the past 24 hours, breaking the $3,600 mark. As of this writing, ETH exchanges hands at $3,613, a level it last traded at in June. This rebound has been fueled by a massive trading volume exceeding $43 billion in the past 24 hours. This hints at a sustained rally toward the psychological $4,000 price mark. Ethereum Price Surge Hints at Altcoin Season ETH’s trading volume has totaled $43 billion over the past 24 hours. This surge in trading activity has propelled the coin’s value to a price last observed…
Japan approves $140 billion stimulus to support low-income households and small businesses. Critics worry about rising debt and tax cuts reducing government revenue. Stimulus package aims to revitalize rural regions and boost Japan’s tech sector. Japan’s government just approved a massive $140 billion stimulus to help the economy. This package follows disappointing election results for Prime Minister Shigeru Ishiba’s party. Voters, frustrated by rising costs and corruption, pushed for urgent action. The goal is to get more money into the hands of consumers and businesses. 🚨$140B Stimulus Approved In Japan🚨🔸Japan’s minority government signed off Friday on a $140-billion stimulus drive…
In a significant advancement for decentralized governance within the Polkadot ecosystem, Moonbeam Network (GLMR), a leading Polkadot parachain, has announced the launch of the Moonbeam Governance Guild (MGG). The announcement, made on Moonbeam’s official X (formerly Twitter) account, outlines the delegation of 5 million GLMR and 50,000 MOVR to the Governance Guild as part of this strategic initiative. Introduction to Moonbeam Network and Governance Guild What is Moonbeam Network? Moonbeam Network is a smart contract platform that serves as a parachain on the Polkadot network, enabling developers to build decentralized applications (dApps) with ease. By providing compatibility with Ethereum’s Web3…
U.S. President-elect Donald Trump is reportedly holding secret talks with JPMorgan CEO Jamie Dimon, fueling speculation about JPMorgan’s potential power play to shape U.S. policies. Trump and Jamie Dimon: Alleged Secret Talks That Could Influence White House Policies Speculation surrounds whether U.S. President-elect Donald Trump and JPMorgan Chase CEO Jamie Dimon have engaged in confidential discussions about White House policies. Reports indicate that for months, Trump has sought Dimon’s insights to help guide his agenda for his second term. Dimon has reportedly provided informal advice on issues such as tax reform, trade policies, and federal spending, according to Fox Business.…