Author: NBTC
Although Bitcoin rose to $48,000 after ETF approval, the subsequent trading pressure brought the BTC price down to $38,000. While the decline in BTC is also effective in altcoins, especially Ethereum, investors are wondering whether this decline will continue. Evaluating the market in general at this point, QCP Capital analysts stated that they are waiting for spot ETH approvals for the next upward wave. Stating that it is still unclear whether Ethereum ETF approvals will occur in 2024, analysts said, “If the SEC clusters the final approval dates in one date, as it does for Bitcoin ETFs, we can say…
IDnow joins a consortium to make Crypto Asset Service Providers and self-hosted wallets adhere to EU’s Anti-Money-Laundering and Transfer of Funds regulations. The consortium proposes a system using soul-bound tokens for identity verification, addressing both regulatory compliance and privacy concerns. In a groundbreaking move, IDnow, a prominent European identity verification platform provider, has announced its collaboration with a consortium of industry leaders aimed at aligning Crypto Asset Service Providers (CASPs) and self-hosted wallets with new European Union regulations. This consortium, which includes the IOTA Foundation, walt.id, SPYCE.5, and Bloom Labs, is set to navigate the complex landscape of EU’s Anti-Money-Laundering…
There has been no shortage of exciting news pertaining to Bitcoin (BTC) in the first month and a half of 2024. At the very start of the year, the U.S. Securities and Exchange Commission (SEC) announced it had approved 9 stop BTC exchange-traded funds (ETFs) and while the news initially led to a significant price decline, the world’s foremost cryptocurrency has since started surging. Since January 1, Bitcoin is up a total of 16.93%. The uptrend is also visible in the last 30 days – 23.74% – and the last 7 days – 20.7%. Additionally, while the news of the…
Since the protocol’s inception, its purpose has been to enable human connection through novel ownership mechanisms in regard to created content, social graph, and data. In the early stages, the decision was made to operate in beta while addressing concerns related to upgradeability and safety. Protocol priority supported over 400 applications developed by the community. Numerous projects were entirely open source, with an estimated one hundred contributors. Then, in response to the ever-evolving priorities of Web2 social, Lens established a thriving community of crypto conventionals in search of an on-chain alternative. After six months, in excess of 100,000 users became…
US online trading platform Robinhood has announced an exclusive non-fungible token (NFT) giveaway. Robinhood Wallet users can now participate in the new giveaway from Notable.art, a new fine-art-centric platform bridging digital and physical art. Specifically, they can acquire exclusive digital sketches from prominent American artist Hunt Slonem. The campaign will consist of four total NFT giveaways happening once every two weeks. Each of these will feature different artwork by Slonem. According to the press release shared with Cryptonews, the NFTs will be accessible via the Web3 tab in the Robinhood Wallet app on iOS. They will be minted on Notable…
Ethereum Price Prediction: Amid a widespread market pullback, Ethereum’s native token, ETH, experienced a sharp decline from its $2700 peak. Over two weeks, this altcoin saw a 17.7% drop in its value, now trading at $2233. Examination of the daily chart reveals that the coin is having difficulty maintaining its position above the support trendline of a long-coming channel pattern. Despite the prevailing market uncertainty, the ongoing progress towards the Dencun upgrade and the potential introduction of a spot Ethereum ETF are anticipated to reinforce the fundamental strength of the network, potentially sparking natural growth. Ethereum Price Prediction: Why $ETH…
Senator Elizabeth Warren, along with her three Democratic counterparts, called on Federal Reserve Chairman Jerome Powell to lower interest rates. The call comes as part of an effort to ease rising housing costs, which are a matter of concern ahead of this week’s central bank policy meeting. In a letter dated Jan. 28, senators expressed concern that higher interest rates are worsening the nation’s ongoing housing access and affordability crisis. They called on the Fed to consider the impact of interest rate decisions on the housing market and reverse interest rate increases that have put affordable housing out of reach…
LUNC News: A former Joint L1 Task Force (L1TF) developer, along with other developers and Terra Luna Classic validators, has started working on 800 million USTC burn to reduce the circulating supply of stablecoin by burning balance in a contract, according to the latest detail. Terra Luna Classic Starts Testing 800 Mln USTC Burn The Terra Luna Classic developer Fragwuerdig on February 13 revealed that a testnet rehearsal is ongoing in response to to community’s plan to 800 million USTC burn. The move comes after the community decided to burn instead as no fund recovery via the wallet owners is…
The trader who accurately called the crypto market crash of 2021 thinks Bitcoin (BTC) is primed to head to much higher prices. The pseudonymous crypto analyst known as Dave the Wave shares a chart with his 144,800 followers on the social media platform X that outlines a possible scenario for the top crypto asset by market cap for the next year or so. The chart has BTC jumping to around $70,000 in the first quarter of 2024, then correcting down to around $35,000 by the middle of the year, before taking off to $180,000 by early 2025. The analyst first…
The Bitcoin price has now successfully crossed the $59,000 level after an incredibly bullish month of February. The market leader has also barreled ahead of all expectations during this time as well, continuing to rally at a time when prices are expected to crash ahead of the next halving. Institutional Investors Drive Bitcoin Price Higher One of the major drivers behind the Bitcoin performance over the last day has been institutional investors. These investors have continued to take advantage of the opportunities provided by the Bitcoin Spot ETFs approved by the Securities and Exchange Commission (SEC) in January. While there…