Author: NBTC

Bitcoin outperformed traditional assets during the 2020 monetary expansion and may outperform again with potential liquidity increases. Bitcoin’s ability to thrive during periods of monetary expansion has been highlighted by insights from Ecoinometrics, a provider of crypto-related data. As major economies face potential fiscal challenges, the spotlight returns to how Bitcoin responds when fiat currencies experience debasement. The most significant example of this phenomenon can be traced back to 2020 when the U.S. and global governments injected massive liquidity into their economies in response to the COVID-19 pandemic. Bitcoin performs best during periods of monetary expansion. It performs better than…

Ethereum has broken a major weekly resistance, now testing it as a potential support level, marking a bullish technical shift. A weekly close above the flipped resistance strengthens the possibility of a rally toward new all-time highs with minimal barriers ahead. Broader market dynamics and macroeconomic factors could introduce volatility, but ETH’s setup remains promising for traders. Ethereum (ETH) has made a significant move by breaking above a crucial weekly resistance level, a development that analysts say could pave the way for a new phase of upward momentum. This breakout, if confirmed with a strong weekly close, signals a shift…

Binance Labs, the venture capital and incubation arm of Binance, the world’s largest cryptocurrency exchange, has invested in Astherus. Binance Labs has announced an investment in Astherus, a multi-asset liquidity center dedicated to maximizing real returns on crypto assets. By leveraging the utility of digital assets, Astherus provides decentralized finance (DeFi) users with a variety of opportunities to generate sustainable profits and maximize returns. Astherus aims to address inefficiencies in DeFi by focusing on maximizing the real return on assets, delivering sustainable and tangible returns, while simultaneously increasing the utility and liquidity of digital assets within the ecosystem. “Astherus’ approach…

Agora’s $AUSD stablecoin offers businesses a stable and trustworthy digital currency option. The collaboration with Wormhole seeks to improve liquidity across multiple blockchain networks. This launch initiates a new era for stablecoins, emphasizing fairness and broad access. On October 25, 2024, 0xMantle announced the launch of Agora’s $AUSD stablecoin. This launch is a major advancement for financial solutions within the Mantle ecosystem. As the first Ethereum Layer 2 deployment of AUSD, it aims to provide a secure digital currency. $AUSD is backed by cash, U.S. Treasury bills, and overnight repo agreements. 🔈JUST IN: 0xMantle has deployed Agora’s $AUSD stablecoin on…

Polyhedra Network has recently announced an exclusive collaboration with Cysic. The partnership between Polyhedra Network and Cysic targets to development of a real-time zero-knowledge hardware prover, merging several acceleration approaches. The platform took to social media to disclose the respective partnership. We are thrilled to partner with @Cysic_xyz! This will serve to build a real-time ZK hardware prover, combining multiple acceleration approaches. We believe this work will benefit both the security of the ZK community and accelerate the realization of $ETH Verge approach. pic.twitter.com/rjH9Ggg0R8 — Polyhedra Network (@PolyhedraZK) November 27, 2024 Polyhedra Network and Cysic Join Forces to Develop a…

Bitcoin is nearing the crucial $70,000 resistance level, where substantial liquidity and psychological significance reside for traders. The cryptocurrency’s price is supported by the Daily 200MA and 200 EMA, which have been instrumental in its bullish movement. If Bitcoin holds above the moving averages, investors expect a higher low formation, but failing to do so could trigger a market correction. Bitcoin in the last few weeks has shown unrelenting bullish pressure, setting higher high and higher low formation on the price chart. According to the current trend analysis, the cryptocurrency is heading towards the $70,000 resistance levels that many stockists…

Ethereum is grappling with a critical resistance level at $3,659 as momentum appears to wane. After a period of steady gains, the cryptocurrency has moved into a consolidation phase, with bulls struggling to push it higher. The pause has raised questions about whether Ethereum’s rally is losing steam or simply gearing up for its next big move. This article aims to analyze ETH’s current consolidation below the $3,659 resistance level, focusing on its implications for market pressure. It will also determine whether ETH can regain its upsurge or if fading strength could lead to further declines through technical indicators, support…

It is no secret that crypto took time before being taken seriously as an asset class. In the years following Bitcoin’s launch, many did not fully understand its underlying technology and viewed the idea of digital currency sceptically or as unrealistic. Since then, crypto has gradually developed into an asset class of its own, with approximately 20,000 unique cryptocurrencies and the combined market capitalisation is over $3 trillion this year. Concurrently, investing in crypto has become fairly normalised thanks to its maturation, which now includes significant interest from financial institutions. The post-election crypto rally has revived FOMO (fear of missing…

The decentralized oracle network Chainlink (LINK) is once again the top-ranked ERC-20 project in terms of recent development activity, according to the crypto analytics platform Santiment. Santiment notes on the social media platform X that Chainlink registered 649.03 notable GitHub events in the past 30 days, nearly double the number of the second-ranked project, Ethereum (ETH), which clocked 342.2. The decentralized oracle project also topped the list in June, July and September. The web3 project Status (SNT) ranked third in the past 30 days, registering 270.57 events. Status aims to offer users a secure messaging app, crypto wallet and web3…

Charles Hoskinson, the renowned crypto entrepreneur behind Cardano (ADA), has shared an update on his next major project. After weeks of teasing, he informed the Cardano community of the project in a post on X, where he has over a million followers. Multichain metaverse and AI-driven interactions According to Hoskinson, the new project, Quantum Hosky, is a multichain open metaverse embedded in a 4-dimensional space. This suggests the new project would span multiple blockchain networks to allow interoperability. That means interactions between different crypto ecosystems. The concept aligns with the evolving trend of creating decentralized metaverses, enabling users to interact…