Author: NBTC
Bitcoin’s price fluctuates between $93,607 and $94,026 over the past hour, reflecting a market capitalization of $1.86 trillion. With a 24-hour trading volume of $63.28 billion and an intraday range spanning $91,215 to $95,098, bitcoin finds itself at a pivotal juncture. Bitcoin The daily chart illustrates bitcoin consolidating near its support band of $91,000 to $93,000 after retreating sharply from its recent high of $108,364. Elevated volumes observed at the peak suggest a distribution phase, while the subsequent stagnation hints at waning bullish strength. Short-term moving averages—10-day and 20-day exponential (EMA) and simple moving averages (SMA)—indicate bearish trends, applying downward…
Justin Sun has excitedly trumpeted the launch of the new version of his algorithmic stablecoin, USDD, taking to X to proclaim that it’s “about to launch with a 20% APY.” However, he insists that people stop asking where the yield comes from. Strangely, it’s hard to determine with any amount of precision how USDD 2.0 will differ from the current implementation. The most recent version of the coin’s whitepaper dates to December 2022 — more than two years ago. It posits that its stability will come from the project serving in the role “of a decentralized central bank in the…
Babylon Labs, developer of the largest BTC staking protocol, is building a trust-minimized Bitcoin bridge with the Cosmos network to enhance the world’s oldest blockchain’s interoperability. In partnership with Bitcoin developers Fiamma, Babylon is using the BitVM2 computing paradigm, which is designed to allow Ethereum-style smart contracts on Bitcoin, which then paves the way for zero-knowledge technology. Zero-knowledge computations allow different parties to verify that information is accurate without actually revealing to each other what the information is. In this sense, it is foundational to bridging digital assets between different blockchains. Developers like Babylon Labs and Fiamma are aiming to…
Solana’s inflation rate may change after a recently proposed community vote. The new number will reflect market conditions, as the previously selected number remains unrelated to current demand. Solana may continue into the future with reduced inflation, to reflect the community’s vision. Mert Mumtaz, co-founder of Helius Labs, is preparing for a proposal coming next week, to re-establish the inflationary pace of SOL tokens. reduced inflation proposal coming to Solana manlets by next week current number is completely arbitrary — it’s time to let the market set the price — mert | helius.dev (@0xMert_) January 15, 2025 Comparing Solana’s model…
Former BitMEX CEO Arthur Hayes has made a bold prediction for Bitcoin’s future, predicting that the BTC price could rise to $250,000 by the end of 2025. Hayes’ prediction is based on a shift toward aggressive monetary policies and a broader wave of global money printing under the expected presidency of Donald Trump. Speaking as chief investment officer of the Maelstrom Fund, Hayes outlined a scenario in which nationalist economic policies lead governments around the world to prioritize the economic stability of their citizens. “Every country will put its citizens first and print money to smooth out the volatility,” Hayes…
Charles Hoskinson has sent praise to the XRP community for all they have been through with the long-standing SEC lawsuit and all the delistings from top exchanges. Hoskinson also mentioned his public meetings with the Ripple’s David Schwartz, speaking positively of the Ripple CTO. XRP community “resilient as ever”, Ripple CTO is “super smart”: Hoskinson In a recent podcast, Hoskinson spoke about being strong enough to be able to stand up after getting hit hard. The Cardano founder referred to the XRP community as a great example of such an attitude to facing hardships. “Every single time you get hit…
Uquid, a prominent Web3 shopping platform, reportedly advances the crypto community’s services by maximizing digital wallet’s capabilities. Instead of idly storing crypto in wallets, Uquid leverages its innovative platform to provide users opportunities to shop a huge range of products with their crypto assets seamlessly. Users can also play thrilling games along with topping up their mobile phones just by using their crypto. This revolutionary step aims to set the stage for a decentralized economy to create a link between digital currencies and daily transactions. Tired of your crypto just sitting in your wallet? Uquid unlocks the true potential of…
Heritage Distilling, a Nasdaq-listed craft distillery, has announced that its board of directors has made a decision to start holding Bitcoin as a strategic asset. The Washington-based distillery will also start accepting Bitcoin payments in order to potentially attract a new set of buyers. The company has noted that a new accounting rule will allow it to report Bitcoin holdings at market value. This will make it easier for the distillery to hold the cryptocurrency when it comes to accounting. The company’s shares are down 4.61% following the Friday announcement. Heritage Distilling is known for such brands as Elk Rider…
ARC token price increased by around 10% following relentless whale accumulation. ARC token is currently trading at around $0.03, with a $27 million market cap. Arc Intelligence crypto project operates at the intersection of Web3 and AI. It offers tools for developers and users to build dApps, and manage portfolios, with the help of its advanced AI agents technology. The ARC community has been super active on social platforms with new developments and announcements from the project. Meanwhile, whales are purchasing ARC in large volumes in an anticipation of further price surge. The increasing hype around AI agents’ narrative combined…
In a significant development within the cryptocurrency sector, Binance Pay has announced its partnership with xMoney, a prominent Web3 payment provider based in Europe. This collaboration aims to broaden the range of cryptocurrency payment options available to users, enabling direct transactions at over 20,000 businesses across various industries, including luxury goods, travel, gaming, and e-commerce. How Will This Partnership Impact Users?What Sectors Will Benefit from This Collaboration? How Will This Partnership Impact Users? The partnership is poised to enhance the integration of cryptocurrency into everyday transactions. Users can expect an expanded ability to purchase products and services using Binance Pay,…