Author: NBTC
Bitcoin dropped $5,000 on Nov. 25, hitting a $92,600 low; $92K support now critical for market stability. Over $525M in crypto positions were liquidated, with elevated leverage increasing volatility risks. Recovery depends on Bitcoin holding $92.5K, with a potential rebound towards $100K if funding rates remain stable. Bitcoin price dropped sharply on November 25, losing $5,000 in a single day and sparking significant market volatility. The cryptocurrency briefly hit a local low of $92,600 on Bitstamp before modestly rebounding. However, traders remain concerned about the potential for further declines if the $92K support level fails to hold. Nothing about this…
Richmond Fed President Thomas Barkin struck an optimistic tone today, predicting a positive economic outlook for the United States through 2025 and indicating that growth is more likely to have upside potential despite ongoing uncertainties regarding the policies of the new Trump administration. Speaking at the Maryland Bankers Association, Barkin said the resilience of the labor market and consumer spending were key drivers of his optimism. “How the economic policy uncertainty resolves will be important. But I expect growth to be more bullish than bearish, given what we know today,” he said. However, he cautioned that stronger hiring could pose…
IOTA co-founder has hinted that the implementation of the Rebased Protocol could be a gateway for exchange-traded funds or exchange-traded products. IOTA has also released the first batch of validators who will be joining the Rebased test network. CNF recently reported the start of the Rebased Protocol’s voting process, during which the IOTA (IOTA) community would decide on this significant shift. Today, IOTA co-founder Dominik Schiener has disclosed that a potential approval could pave the way for a massive ecosystem transformation, including potential exchange-traded products (ETP) and exchange-traded funds (ETF). Additionally, Schiener highlighted that the IOTA staking would accelerate institution…
The Stellar Network and Fonbnk have partnered to provide prepaid SIM users in Africa with access to the global digital economy. This collaboration allows users to convert airtime credits into USDC stablecoins through the Stellar blockchain. 350 million people in Africa don’t have access to bank accounts, and only 20% of families have formal bank accounts.@fonbnk1 provides a real-world solution to this problem by turning 8 billion active prepaid SIM cards globally into virtual debit cards with Stellar.Here’s how… — Stellar (@StellarOrg) December 30, 2024 This initiative leverages the widespread use of prepaid mobile SIM cards in Africa to provide…
BitTorrent has recently launched the new BTFS v3.2.0 mainnet. The BitTorrent File System (BTFS) offers decentralized file storage and proves sharing can be achieved efficiently on different platforms. As a product of BitTorrent, this new protocol is introducing substantial updates for increased usability and improved performance. These developments strengthen the status of BTFS as one of the pioneer platforms of the decentralized storage market. 📢BTFS Protocol v3.2.0 Mainnet Is Now Live!🌐Official Website: https://t.co/WWRzm6ww6g🔍Learn More: https://t.co/ooyoLJ8zA2 pic.twitter.com/Vqrged0T6t — BitTorrent (@BitTorrent) January 2, 2025 Key Features in BTFS Protocol v3.2.0 The latest update brings a range of innovative features designed to optimize…
Bitcoin price correction from its recent all-time high has sparked speculation within the crypto community, with many questioning if the bull run remains intact and what the next price move might be. Currently, BTC trades at a price below the $95,000 mark, down by nearly 7% from its all-time high above $99,000 recorded on November 22. BTC NVT Golden Cross Outlook Amid the ongoing pullback in its price, a CryptoQuant analyst known as Darkfost shared insights on the market’s current state, focusing on a key on-chain metric: the NVT Golden Cross. This metric, which evaluates the relationship between market capitalization…
DWF Labs, a well-known platform in the AI and blockchain investment realm, has announced an exclusive strategic development. As per DWF Labs, it is investing in TAO Cat as included in its $20M AI Agent Fund, backing the development of the cutting-edge AI agents. The platform took to social media to reveal this investment. We’re excited to announce that we have invested in @taocat_agent as part of our $20M AI Agent Fund, dedicated to supporting next-generation AI Agents 🔥Let’s BUIDL 🐱 https://t.co/U2CdB8PHQj — DWF Labs (@DWFLabs) January 3, 2025 DWF Labs Allocates Notable Investment for TAO Cat DWF Labs expressed…
Hedera has been highlighted as one of the notable institution-focused distributed ledger technologies with incredible use cases. An analyst has spotted the formation of a golden cross, which could soon send HBAR to $1. Hedera (HBAR) has been impressive so far, as it prints a staggering 669% surge on its monthly price chart and a 139% surge on its weekly price chart. At press time, the asset was trading at $0.329. However, its 24-hour trading volume has declined by 36%, with $4.6 billion changing hands. Subjecting Hedera to critical analysis, crypto, and stock rating platform, Weiss Crypto has pointed out…
E-Trade, Morgan Stanley’s online brokerage division, is exploring plans to launch crypto trading services amid expectations of a more favorable regulatory environment under the Trump administration, The Information reported Thursday, citing sources familiar with the matter. An established player in the online brokerage industry, E-Trade does not offer direct crypto trading services. The firm currently offers indirect exposure to digital assets through investment products such as futures, ETFs, and stocks related to crypto assets. These include Grayscale Bitcoin Trust (GBTC) and ProShares Bitcoin Strategy ETF (BITO), to name a few. Morgan Stanley acquired E-Trade in late 2020 through an all-stock…
Oooo.money, a well-known modular cross-chain interoperability protocol, has announced its partnership with SoonChain. The collaboration aims to redefine the gaming world via cutting-edge AI-Generated Gaming technology. The platform disclosed this groundbreaking development on its official X account. Earlier, SoonChain also partnered with Omni Network to boost gaming. 🎉Excited to announce our partnership with @soonchain_ai !SoonChain is an AI-powered gaming L2, redefining game development with AIGG.🔥Stay tuned for collaborative events, new integrations, and more exciting updates as we embark on this journey together with SoonChain! pic.twitter.com/hBg8tueW2d — oooo (@oooo_money) January 2, 2025 Oooo.money Joins Forces with SoonChain to Enrich AI Gaming…