Author: NBTC
Bitcoin (BTC) has been on a severe downward trend for the past few months, experiencing multiple price fluctuations amidst broader market volatility. A crypto analyst has predicted that Bitcoin could witness an even steeper drop to $50,000 if its price does not hold this key support level. Bitcoin Risks $50,000 Drop If Support Fails Elja Boom, a crypto analyst took to X (formerly Twitter) on September 5 to discuss the current price trends and market movements of Bitcoin. Boom shared a price chart offering key insights into Bitcoin’s future outlook, indicating that the cryptocurrency’s short term uptrend has likely ended.…
Among today’s news, there is the new entry of the Cardano Foundation into Intersect, a member-based organization that supports the distributed governance of the Cardano blockchain. This move aims to mark a significant milestone for the decentralized future of Charles Hoskinson’s network, promoting community-driven governance. Cardano Blockchain News: the entry of the Foundation at Intersect and community governance Cardano Blockchain News: the future of decentralization in community governance The launch of Kinka Gold (XNK): the token guaranteed by gold Cardano Blockchain News: the entry of the Foundation at Intersect and community governance The Fondazione Cardano has announced its membership in…
Politicians in Austria and Georgia did not put a particular focus on crypto to sway voters in their elections, unlike the emphasis seen in Japan. Georgia saw its ruling party the Georgian Dream Party get the most votes, and Austria’s far right Freedom party won in that nation’s parliamentary election. In many other countries around the world, political parties chose to make their approach to crypto clear before elections commenced. Political leaders in Austria, like other European Union nations, did not tap into the global crypto policy debate to sway voters during its recent election. In the run up to…
CARV and OMNI Network (OMNI) will be officially listed on the KRW trading market today, increasing the availability of these digital assets in South Korea. CARV (CARV) Listing Details Market: KRW Network: BASE (Deposits via other networks are not supported) Deposit/Withdrawal: Opens within 2 hours after announcement Transaction Start Time: October 29, 2024, 17:00 Initial Reference Price: 1,068 KRW Deposit Confirmation Requirement: 200 confirmations About CARV: CARV is a modular data layer protocol designed to facilitate data exchange and value distribution, particularly in the gaming and AI sectors. It enables individuals to own, control, validate and monetize their data across…
Bitcoin’s costs could drop to $47K preceding recovery. A top analyst suggests waiting for Bitcoin to reclaim $64K prior to buying. Bitcoin shows changeability with mixed market sentiment and lower trading volumes. The token’s is currently sitting at $56,774.79, marking a slight increase of 0.24% over the past day. This comes as the digital assets trade shows mixed signs of activity, with a total market capitalisation of $1.12 trillion, up by 0.27%. The 24-hour dealings volume for BTC stands at $31.6 billion, a decrease of 3.22%. This volume represents 2.81% of Bitcoin’s total market capitalization. With a circulating supply of…
Mysterious SHIB lead Shytoshi Kusama has published a tweet, which triggered excitement among the Shiba Inu community. The photo that comes with the tweets features a figure wearing one mask, with another one, of a different color, lying near his lap. Did Shytoshi Kusama attend TOKEN2049? This white mask resembles the one worn by Shytoshi Kusama when he made public appearances in Japan and India earlier this year as part of his “meet and greet” tour. This time, Kusama accompanied his tweet with a #token2049 hashtag, which suggests that the enigmatic SHIB leader attended the popular blockchain event in Singapore.…
A 25-year-old Japanese man was sentenced to three years in prison last Friday for creating crypto-extorting ransomware using generative AI. Last year, Ryuki Hayashi created code capable of targeting and encrypting data from other devices and issuing crypto ransoms. He was able to do this by repeatedly rephrasing his prompts so that he could bypass generative AI safety parameters. Hayashi, who was reportedly unemployed at the time, told Kyodo News that he created the ransomware code in under six hours. Read more: Did ‘AI’ Truth Terminal just pump and dump a coin named $RUSSELL? When arrested this year by Japan’s…
Binance Wealth allows private client managers to easily onboard high-net-worth individuals to the exchange and offer them a wide range of digital assets. The service is offered through the global Binance.com platform meaning there are restrictions for some jurisdictions, such as the U.S. Binance, the biggest cryptocurrency exchange by trading volume, has unveiled Binance Wealth, a white glove service that allows private client managers to easily onboard high-net-worth individuals and offer them a wide range of digital assets. Wealth managers will handle the onboarding of clients by submitting know-your-customer (KYC) documentation and creating individual sub-accounts on Binance for each client,…
Binance CEO Changpeng Zhao (CZ) ignited a discussion on the history of gold-backed ETFs on X, piquing interest in these investment vehicles among crypto and traditional investors. Gold ETFs offer exposure to gold in a more accessible and liquid format, which appeals to a broad range of investors. Initially launched in 2004 with SPDR Gold Shares (GLD), gold-backed ETFs have since expanded, reflecting increasing demand for gold as a hedge against economic uncertainties. How long has gold ETFs been around? — CZ 🔶 BNB (@cz_binance) October 29, 2024 SPDR Gold Shares (GLD): The Pioneer Gold ETF GLD debuted on the…
US spot Bitcoin exchange-traded funds (ETFs) endured net outflows for straight seven trading days, collectively shedding over $1 billion from August 27 to September 5, according to data from Farside Investors. US Bitcoin ETFs hit $1B net outflows in 7 days Notably, Fidelity’s Wise Origin Bitcoin Fund (FBTC) was the one that led the capital exit, not Grayscale’s Bitcoin ETF (GBTC). Approximately $374 million left FBTC over those seven days while GBTC posted $227 million in outflows. The world’s largest Bitcoin ETF, BlackRock’s iShares Bitcoin Trust (IBIT), saw its second-ever outflow since its January launch, with investors withdrawing $13.5 million…