Author: NBTC
Recently, Janet Yellen, the Treasury secretary, expressed her faith in the U.S. economy’s recovery, pointing out that the recent cooling jobs data indicates a soft landing as opposed to an approaching recession. Yellen is still upbeat despite August’s nonfarm payroll growth of 142,000, which was less than anticipated but nevertheless positive, and unemployment at 4.2%. She made it clear that the U.S. claims that there are not any large layoffs occurring and that the economy is deeply into a recovery. For cryptocurrencies like Bitcoin and others, this poses a crucial question: Will the strengthening U.S. influence Bitcoin’s performance or might…
Ethereum’s price recently faced resistance in its journey toward the $3,000 mark, struggling to secure $2,700 as a solid support floor. The recent price action saw unexpected selling pressure that prevented further gains, yet this offloading seems to be easing. With resistance levels now tested, ETH could see renewed buying momentum, suggesting a more favorable outlook in the coming weeks. Ethereum Is Noting a Slowdown in Selling Ethereum’s exchange net position change has been trending downwards since the beginning of the month, a positive sign for ETH’s potential rally. As the metric inches closer to the neutral line, this shift…
In a significant move, the largest holder of WIF (Dogwifhat) executed a strategic buy, spending 4.5 million USDC borrowed from Kamino to purchase 2.55 million WIF tokens at $1.76 per token approximately five hours ago. This latest acquisition adds to the whale’s already substantial holdings, further consolidating its dominance in the WIF market. The largest holder of $WIF borrowed 4.5M $USDC from #Kamino to buy 2.55M $WIF at $1.76 again 5 hours ago!This whale now holds 31.2M $WIF($57.4M), with a total profit of more than $74M!This whale spent $226K to buy 19.86M $WIF at only $0.0114 from Dec 13 to…
The Satoshi Action Fund is advancing efforts to secure state-level protections for Bitcoin self-custody, employing strategies similar to those used by the cannabis industry to navigate federal regulations. This initiative aims to create “safe haven” states for Bitcoin users, providing legal assurances for holding and using the digital asset. Dennis Porter, CEO and co-founder of the Satoshi Action Fund argues that state law holds precedence in the absence of federal law. Porter stated, “If federal law contradicts state law, the federal government is required to enforce it and cannot require state or local law enforcement to assist them.” He highlighted…
SubQuery, known for fast, flexible, and scalable Web3 infrastructure, has officially integrated with the Ontology blockchain. Through this strategic collaboration, Ontology and Subquery will offer advanced data indexing solutions to Ontology developers. We’re excited to partner with @SubQueryNetwork, empowering developers on Ontology with advanced data indexing! 🚀 This collaboration will streamline dApp development and help create seamless, target=”_blank”>https://t.co/1xwHH60I3M https://t.co/QOFYyU0AuE — Ontology #BUIDL4Web3 (@OntologyNetwork) October 24, 2024 This collaboration empowers Web3 developers to efficiently manage on-chain data and streamline decentralized application (dApp) development. Significantly, SubQuery’s indexing capabilities allow developers to focus on building innovative solutions, advancing the Web3 ecosystem. Ontology Network…
Investors looking for a possible bullish reversal in Bitcoin’s (BTC) price will have to wait longer, as an analyst is projecting further downside. According to Ali Martinez, Bitcoin’s historical behavior, when compared to the current price movement around the realized price-to-live ratio (RPL), signals a further drop below the $50,000 mark. He made this projection in an X post on September 7. It’s worth noting that the RPL ratio is used to identify potential price tops and bottoms. The metric considers Bitcoin’s realized price and liveliness, a measure of the movement of long-term versus short-term holders. The outcome is used…
James Fickel, the prominent founder of the Amaranth Foundation, is grappling with significant losses in his ETH/BTC long position as the pair plummets to levels not seen since April 2021. According to on-chain data, Fickel is facing an eye-watering loss of over 23,000 ETH, worth approximately $57.9 million, as the ETH/BTC rate tumbled to 0.03685. This marks a sharp downturn in the market, erasing nearly 57.88% of his portfolio value. James Fickel (@jamesfickel) is losing over 23K $ETH ($57.9M) on his ETH/BTC long position as the pair hits its lowest since April 2021!Notably, after the rate fell to 0.037 over…
Aptos Foundation has announced a partnership with Ignition AI Accelerator, an Nvidia-backed initiative aimed at accelerating the growth of artificial intelligence-focused startups in Asia. The collaboration brings together Aptos Foundation and the NVIDIA, Tribe, and Digital Industry Singapore-backed AI Ignition Accelerator to drive the next stage of AI growth in the Asia Pacific region. Eyeing AI startups in APAC According to an announcement shared on X, the partnership will leverage Aptos (APT)’s blockchain technology as well as funding support. These resources will be earmarked for startups accepted into the accelerator program. Meanwhile, Aptos Foundation expects to tap into Microsoft’s OpenAI…
Long times are expected for the approval of Italy’s financial maneuver, which includes the increase of taxation on crypto capital gains. The Ministry of Economy and Finance (MEF) has presented its final draft of the budget law for 2025 to Parliament, but this text has already raised several doubts. The approval process of Italy’s financial maneuver for the tax increase on crypto The timing The emendamenti The amendment to the increase of crypto taxes Italy: the probabilities of success of the financial maneuver for the increase of crypto taxes Elimination or modification The approval process of Italy’s financial maneuver for…
Blockchain technology is transforming every industry, unlocking more potential with new markets and regions. When talking about blockchain technology and its impact over eCommerce, the focus has been 100% on B2B payments. However, recently there has been a significant shift towards blockchain’s impact in B2C (business-to-consumer) and C2C (consumer-to-consumer) markets. Even though blockchain’s adoption and influence over these platforms is still progressing, one thing is clear – blockchain has the power to reach new heights for customers and sellers. The Evolution of E-commerce Platforms Due to the Covid 19 pandemic, many changes in people’s shopping habits happened artificially, replacing traditional…