Author: NBTC

After a strong push to $48,500 over the last weekend, the Bitcoin price has registered a modest retrace of around $48,000. The recent pause in the rally to $50,000 comes as investors are keenly watching the developments to the CPI data release, ahead this month. US Economic Data and FOMC Speeches Awaited As the week unfolds, investors eagerly anticipate the release of key economic indicators from the United States, including January Consumer Price Index (CPI) and Producer Price Index (PPI) data. Additionally, several members of the Federal Open Market Committee (FOMC) are scheduled to deliver speeches, offering insights into the…

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The world has significantly improved since crypto made its way to the table. Undoubtedly, through crypto, NFTs (Non-Fungible Tokens), blockchain technology, and the Web3 universe, users will experience many new things that will change how we look at and use the online space. And if you are passionate about NFTs but don’t always feel that it is profitable to buy them, we’ve prepared some NFT airdrops and NFT giveaways for March that might catch your attention. Table of contents Ethereum NFT Drops 1. A Woman of Importance 2. RoboMetaMorphs 3. African Beauty: International Women’s Day 4. Fancy Girls Web3 Cardano…

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In the ever-evolving landscape of the cryptocurrency market, Ethereum (ETH) finds itself at a critical juncture, with renowned crypto analyst Michaël van de Poppe predicting a potential bullish breakout. In a recent tweet, van de Poppe conveyed his insights, indicating that Ethereum was approaching the low of 2022 and was likely to absorb liquidity at that level. He expressed the belief that in the event of a spot ETF approval for Bitcoin (BTC), there would potentially be a liquidation candle on the trading chart for the ETH/BTC trading pair. Following this, analyst van de Poppe foresaw a rotation of funds…

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Atlanta FED President Raphael Bostic warned that the progress made by the USA on inflation may slow down in the coming months. Bostic expressed concerns that inflation could fluctuate unpredictably if policymakers cut interest rates prematurely. Inflation in the USA reached its highest level in recent decades in the summer of 2022, but experienced a significant decline in the second half of the year. However, Bostic, who will participate in the decisions of the Federal Open Market Committee (FOMC) this year, foresees a much slower progress on inflation going forward. He even expressed the possibility of a complete halt to…

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Validators on the XRP Ledger have formally introduced a clawback feature that could make the blockchain ideal for CBDC and stablecoin issuers. Blockchains have gained prominence over the years for their immutability and irreversible transactions. However, this inherent feature also makes them less ideal for mainstream use cases such as stablecoins and central bank digital currencies. To this effect, validators on the XRP recently voted on the XLS-39 amendment proposal to enable clawbacks on tokens transferred on the XRP Ledger. The proposal passed two weeks back and has now been activated on the network, developers confirmed. The XRP Ledger Clawback…

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Despite the Superbowl drawing bags of attention in the US, it seems that Edward Snowden finds the current Bitcoin price increase much more interesting to watch. This is what his recent tweet is about. Watching Bitcoin chart, instead of Superbowl While the US nation’s eyes are glued to the Super Bowl LVIII, some major figures in the cryptocurrency space prefer to watch Bitcoin surge above the $48,000 level. One of them is the prominent whistleblower Edward Snowden. He has taken to Twitter to say that is not taking eyes of the Bitcoin chart, while everybody else is watching the Super…

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Runestone, a Bitcoin project led by the well-known digital asset collector “Leonidas”, is about to launch a huge airdrop to all regular users of the Ordinals protocol. The addresses that have executed at least 3 inscriptions before the snapshot date will be rewarded, by minting pseudo NFTs or pseudo fungible tokens within the Bitcoin blockchain. This is the first airdrop in this market niche, ready to pave the way for new incentive systems for the early adopters of the Ordinals community. Let’s see below how to check your eligibility. The Runestone project and the airdrop to the Ordinals community How…

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In the midst of the BTC ETF application uproar, Michael van de Poppe, a well-known crypto analyst, notified the crypto community that Ethereum is approaching the low of 2022 and speculated that it is likely to take liquidity there. The crypto analyst further mentioned that if the BTC ETF is approved, a liquidation candle may develop on the ETH/BTC chart, followed by a rotation into Ethereum combined with a bullish weekly divergence. Observing the past price action momentum, van de Poppe observed that Ethereum performed very well in the first quarter of every year. He also stated that the bullish…

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The adoption of tokenized investment funds is on the rise – but the technology providers have a “limited track record,” contributing to increased risk, a Monday report by credit-rating agency Moody’s Investor Services warned. Tokenized funds are investment funds whose units are digitally represented with the use of distributed ledger technology (DLT), which powers crypto. Asset or fund tokenization is having a moment as financial institutions worldwide attempt to improve market liquidity, efficiency and transparency. The growing adoption of tokenized funds – mostly fueled by the tokenization of funds that invest in government securities like bonds – signals untapped market…

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XRP, an eminent cryptocurrency backed by Ripple Labs, birthed a hurricane of speculations across the broader crypto market recently, as the token noted noteworthy whale transactions today, February 9. As per on-chain insights spotlighted by the blockchain tracking platform Whale Alert, two massive whale transactions collectively shifted a staggering 57.75 million XRP to two CEXs, Bitstamp and Bitso. Meanwhile, the token’s price jumped substantially today, contrasting with the whale’s massive selloff. Simultaneously, Ripple’s extension of the deadline for remedies-related discovery in the XRP lawsuit for a week appears to have birthed additional inferences for the price action of the Ripple-backed…

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