Author: NBTC

Legendary trader Peter Brandt and long-time crypto skeptic Peter Schiff have clashed heads over the BTC/Gold debate. It started with Schiff pointing to Bitcoin ETF weak performance, according to the financial expert, with gains under 10% since its launch. Gold, on the other hand, is up 24%. As of today’s close, Bitcoin ETF gains since launch have been reduced to just under 10%, while $GLD is still up 24%. Therefore, investors made 140% greater returns by buying #gold instead of #Bitcoin. https://t.co/nX66MU2n57 — Peter Schiff (@PeterSchiff) September 6, 2024 Brandt replied, urging to look at the Gold/BTC debate with a…

Wall Street executives are headed to Saudi Arabia’s annual Future Investment Initiative (FII) in Riyadh, lured by promises of investment and Saudi Arabia’s $1 trillion Public Investment Fund (PIF). Big names like David Solomon from Goldman Sachs, Larry Fink of BlackRock, and Citigroup’s Jane Fraser are expected to be at the event, which fills Riyadh’s luxurious hotels and showcases Saudi’s Vision 2030. This initiative plans to transform the kingdom’s economy, reducing its reliance on oil and bolstering other sectors. The FII, launched in 2017, puts Saudi’s influence on display, despite rising regional tensions. But there’s a different atmosphere this year.…

Shiba Inu community figure Lola challenges economist Peter Schiff to invest in SHIB after he missed the Bitcoin boom. Recently, Schiff, a renowned Bitcoin critic, reiterated his stance on gold as a safe-haven investment. He expressed that the current strength of technology stocks and cryptocurrencies is diminishing interest in gold mining stocks. Meanwhile, he noted that rising concerns over inflation and increasing bond yields are dampening the appeal of riskier assets. According to Schiff, this scenario will likely prompt investors to shift their focus toward gold as a safer investment. He suggests that stagflation, characterized by stagnant economic growth and…

Crypto analyst Grey BTC warns that Bitcoin’s price could plummet to $44,000 in the coming weeks, citing market sell-offs and historical patterns. In a recent video posted on X, he urged crypto investors to reassess their strategies to navigate the anticipated downturn. Grey highlights several key factors contributing to this prediction. A major factor is the ongoing distribution of Bitcoin from the Mt. Gox rehabilitation program. Mt. Gox, the defunct cryptocurrency exchange, recently began redistributing Bitcoin to creditors, leading to increased selling pressure. According to Grey, around 60,000 Bitcoins have already been distributed, with more expected to be sold off,…

VeChain Global Technology received a U.S. patent for a new blockchain-based system that uses several decentralized architecture to securely handle identity data. The patent builds on VeChain’s prior innovations and highlights its growing role in blockchain-based solutions. VeChain Global Technology has achieved a significant milestone with the approval of a new U.S. patent. This new patent will help it expand its portfolio of innovations within blockchain technology. The patent, titled “Methods and Devices for Managing User Identity Authentication Data,” was granted on September 17, 2024. The latest patent seeks to streamline the management of user identity authentication through an advanced…

As discussions heat up around Bitcoin ETFs, SEC Commissioner Hester Peirce critiques the agency’s sluggish approval processes, establishing a clear divide in regulatory standards. Peirce’s advocacy for Bitcoin ETF approvals traces back to 2018, revealing a persistent concern regarding the SEC’s inconsistent criteria compared to conventional financial products. “The court found the SEC’s previous reasoning to be ‘arbitrary and capricious,’” Peirce noted, underscoring the judicial influence on regulatory reforms. SEC’s slow approval of Bitcoin ETFs raises concerns over regulatory standards as Hester Peirce advocates for timely decisions and balanced oversight. The Impact of Judicial Oversight on Bitcoin ETF Approvals The…

Bitcoin (BTC) is currently undergoing a notable correction as market fears surrounding the overall economy’s health, exacerbated by disappointing jobs data, continue to grow. Amid the current sentiment, cryptocurrency trading analyst Alan Santana has warned that investors should brace for further losses below the crucial $50,000 mark. In a TradingView post, Santana highlighted that Bitcoin’s 2024 trading pattern is dominated by a bearish trend, which he referred to as a “capitulation event.” Santana’s outlook suggested that the correction phase, which has already lasted over four months, could extend for another seven to nine months. He has previously noted that bearish…

The pseudonymous founder of the DOQ token, DOQ Holiday, suggests that the U.S. government could seize Ripple’s XRP and other assets if the company is guilty of corruption or human rights abuse. The expert made the assertion recently on X, citing Executive Order 13818, which allows the United States Department of the Treasury to seize the assets of any company involved in human rights abuse and corruption. For context, former U.S. President Donald Trump signed the executive order in 2017 to “block” the properties of entities engaged in gross corruption and human rights abuse. US Government Could “Seize Ripple’s Assets”…

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…

A technical indicator named Chande Momentum Oscillator (CMO) is signaling a potential price reversal for Bitcoin. BTC could soar to $57,500 and $65,000 in the coming days. BTC’s RSI has formed a bullish divergence on a daily timeframe, indicating a potential price reversal. After experiencing a significant price decline of 10% in the past two days, Bitcoin (BTC) is now poised for a price reversal, as shared by a crypto expert. On September 7, 2024, a crypto expert and a trader made a post on X (previously Twitter) that the technical indicator named Chande Momentum Oscillator (CMO) is signaling a…