Author: NBTC
Bitcoin (BTC), the largest cryptocurrency by market cap, seems to be bouncing back after hitting a monthly low of $55,500. Despite a 10% drop in recent days, the price has surged over 5% in the past three days, indicating a potential price reversal on the horizon. In a series of X posts, VirtualBacon warns of a Bitcoin shakeout. He suggested Bitcoin may take one last plunge before a new bull run in a recent X post. VirtualBacon believes a bull run is still ahead despite market fears of a sharp plunge to the low $40,000s. 16/x Summary of Actions1️⃣ Hold…
Ethereum gas prices spiked in the past day, breaking out of the usual range. The spike was due to the launch of a new token by Jeffrey Huang, also known as Machi Big Brother. Machi Big Brother is reviving an old form of token launching, transaction mining. The new asset led to a brief spike in Ethereum’s gas price. Briefly, the ETHcoin contract became the number one gas burner, helping bring exposure to the project. ETHcoin (ETHC) is produced in exchange for small ETH payments. In addition to the transactions, there is a lottery principle where competitors aim to be…
With only 15 days left until the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) meeting, it’s scheduled to follow just two days after the U.S. election on Nov. 7. As of now, market forecasts via CME Group’s Fedwatch tool are leaning toward a 25 basis point (bps) reduction in the target rate. The Fed’s Nov. 7 FOMC Meeting: What Traders Are Betting On While the 2024 U.S. election between former President Donald Trump and Vice President Kamala Harris is grabbing headlines, another major event is drawing attention: the Federal Reserve’s upcoming meeting on the federal funds rate and the…
Litecoin’s circulating supply recently passed a key milestone, reaching 75 million coins, leaving only about 9 million coins to be mined before reaching the maximum supply cap of 84 million LTC. This development demonstrates how close Litecoin is to reaching its predetermined supply limit, solidifying its position as one of the more established cryptocurrencies in the market. CNF previously reported a large surge in whale activity for LTC, with a 25% increase in early September. There were over 1,100 daily transactions totaling $100,000, showing that large investors are becoming more involved in the Litecoin market. The increased participation coincided with…
Ras Al-Khaimah (RAK), a region in the United Arab Emirates (UAE) launched a framework for decentralized autonomous organizations (DAO) in its free zone for digital assets. The DAO Association Regime (DARe) “introduces a structured legal framework designed specifically for decentralized autonomous organizations,” an emailed press release said on Tuesday Ras Al-Khaimah (RAK), a region in the United Arab Emirates (UAE), launched a new framework for decentralized autonomous organizations (DAO) in its free zone for digital assets. DAO’s are blockchain-based organizations that are governed by code. The DAO Association Regime (DARe) “introduces a structured legal framework designed specifically for decentralized autonomous…
R3, a distributed technology and digital services provider based in New York, United States, is reportedly weighing options for its business, including a potential sale. In a report published on Oct. 24, Bloomberg notes that R3 is exploring available strategic options such as a joint venture, minority stake, or a full 100% sale. The blockchain startup, backed by several top investors including Intel and Bank of America, has held initial consultations with Ava Labs and the Solana Foundation. Bloomberg reports that R3 has also held discussions with Adhara, a liquidity management and international payments solutions provider. You might also like:…
StakeStone has announced its integration with Sonic Labs, opening new opportunities for users to unlock liquidity and boost yield. Participants can now maximize rewards by utilizing StakeStone’s products within the Sonic ecosystem. The integration focuses on bringing more benefits to users in decentralized finance. This partnership aims to give users more efficient ways to earn yield while supporting the evolving DeFi landscape. Big news, DeFi fam! StakeStone is integrating @0xSonicLabs to unlock even more #liquidity and #yield opportunities for YOU! 👇1. Earn Yield Through StakeStone on SonicWhen you use StakeStone on Sonic, you’re not just participating in the market—you’re actively…
A widely followed crypto analyst is issuing a warning to investors, saying that top altcoin Ethereum (ETH) might see a crash in December. In a new strategy session, prominent crypto trader Benjamin Cowen tells his 869,900 followers on the social media platform X that based on historical patterns, the second-largest digital asset by market cap may drop during the end of the year, reaching its lowest point in December. “In 2016, ETH had big drops in April, August, and December. In 2024, ETH has had big drops in April and August. So decent chance it plays out in a similar…
BRICS lawmakers advocate for Russian miners to sell their Bitcoin to international buyers, allowing countries to use Bitcoin and other crypto assets for imports, according to a Bloomberg terminal report shared by Matthew Siegel, the head of digital assets at VanEck. As the BRICS Summit Kicks Off, Top Lawmakes Are Pushing the Idea that Russian Miners Could Sell Their #Bitcoin to International Buyers, Who Would Use BTC and Other Crypto to Pay for Imports, Effectively Bypassing Western Sanctions. 🧵 pic.twitter.com/AyI8Km64Y1 — matthew sigel, recovering CFA (@matthew_sigel) October 23, 2024 Sanctions have significantly impacted Russia’s economy, but the emergence of crypto…
Stacks transforms Bitcoin with faster transactions and a decentralized ecosystem powered by sBTC. The Nakamoto Upgrade brings near-instant transactions, enhancing Stacks as a leading Bitcoin L2 solution. Stacks, a well-known Bitcoin Layer 2 (L2) solution, is quickly becoming a driving force in the Bitcoin economy. The platform’s success may be attributed to the work of a devoted community of developers, founders, and leaders, who have introduced disruptive innovations to the Bitcoin ecosystem. This focus is notably visible in the impending Nakamoto Upgrade, which promises to substantially reduce Stack block times from around 10 minutes to mere seconds, as we previously…