Author: NBTC

SkyBridge Capital founder Anthony Scaramucci is making a massive prediction for Bitcoin (BTC) and Ethereum (ETH) this cycle. In a new interview on the Unchained Crypto YouTube channel, Scaramucci says he believes Bitcoin could soar nearly 300% and Ethereum nearly 240% from their current values. “I can only give you my guess [for the market top] and so I think we get to $10,000 to $12,000 on Ethereum. And I do think we get to somewhere [between] $170,000 to $250,000 on Bitcoin.” He also predicts that US President Joe Biden will win re-election in November over former President Donald Trump…

Litecoin’s hashrate reached 1.1 PetaHash per second, processing millions of transactions with minimal fees. Litecoin miners’ reserves have decreased by 29%, reaching their lowest level in recent years due to the recent halving. In a recent tweet, Litecoin highlighted notable milestones for blockchain enthusiasts. According to the most recent data, the Litecoin network’s total aggregate processing power (hashrate) has surpassed 1.1 PetaHash per second (PH/s). Network Check: #Litecoin’s total combined computational power (hashrate) is currently 1.1 PetaHash/s! Processing hundreds of thousands of transactions to move 52,376,152 LTC in the past 24hrs! Billions in volume with transaction fees less than a…

Binance, Bitfinex are rushing to register their services in Turkey as the country has finalized its regulatory stance on crypto. International cryptocurrency exchanges are rushing to register their services in Turkey following the country’s finalization of its regulatory stance on crypto. Per data from the Capital Markets Board of Turkey, Turkey’s financial regulatory and supervisory agency, a total of 47 crypto exchanges, including Binance, Bitfinex, and OKX, have applied to the list to indicate their intentions to offer services in the country. The regulator noted though that the inclusion does not mean that the firms are authorized to offer their…

COTI is one of the veteran projects in the cryptocurrency field, and we had the chance to speak to Shahaf Bar-Geffen, the chief executive officer. The team is on the brink of major developments, with the current priority being on the V2 of the protocol, focusing on delivering a privacy-centric Ethereum layer-two solution. With bold plans of launching its mainnet by the end of 2024, Bar-Geffen also speaks on the merits behind the decision to go down this path, the fundamental challenges that the industry is facing, and how COTI is planning to tackle them. COTI’s Main Focus In our…

Bitcoin, the largest cryptocurrency by market capitalization, has recently reached a one-month low, as this year’s record-breaking rise shows indications of exhaustion in the lack of new market drivers. Amid this downturn, Michael Saylor, the cofounder and chairman of MicroStrategy and a well-known Bitcoin advocate, responded with his signature blend of optimism and humor. During Friday’s trading session, the Bitcoin price fell to more than a one-month low of $63,300, the lowest level since May 15. The fall coincides with outflows from Bitcoin exchange-traded funds (ETFs) and fading prospects of interest rate cuts in the United States. On June 21,…

Mickle, a U.S.-based wealth advisor, has suggested that a 1,000X price surge for XRP could be on the horizon, urging market participants not to miss out. The analyst expressed this view in a recent post on X in which he explored XRP’s historical pattern. Specifically, Mickle recalled when XRP traded largely below $0.01, characterized by sideways movements and low volumes. This occurred between early 2014 and 2017 when XRP mostly traded with two leading zeros. Mickle noted that during this period of stagnant performance, many were writing off XRP as “dead,” “going away,” or a “failure,” as other digital assets…

In July, Binance emerged as the most searched cryptocurrency exchange, reflecting its significant influence in the digital asset market. Investors gravitated towards blue-chip tokens, meme coins, and platform-based tokens. Despite the high search volume, the most searched tokens did not always match the most traded ones. Meme tokens like DogWifHat (WIF) particularly stood out, experiencing substantial growth with a 27.6% daily increase. Contents hide 1 Binance Recorded 68 Million Visits 2 How Did Meme Tokens Perform? 3 Critical Observations Binance Recorded 68 Million Visits Renowned for its activity, Binance attracted 68 million visits in July, overshadowing competitors such as Coinbase…

Franklin Templeton, a $1.5 trillion asset manager, has made its OnChain U.S. Government Money Market Fund (FOBXX) available on Ethereum via layer-2 blockchain Arbitrum, the company said Thursday. This is the third blockchain where the fund’s shares can be traded. Previously, the fund was tokenized on Stellar and Polygon, another layer-2 network of Ethereum. “The Stellar network is the Franklin OnChain U.S Government Money Fund’s official record of share ownership,” a spokesperson for Franklin Templeton told CoinDesk. “The Fund may also use the Polygon and Arbitrum networks for certain accounts upon request and subject to eligibility. Arbitrum will initially be…

The market is currently experiencing its least bullish sentiment since September 2023. This decline in bullish sentiment is reflected in the market value to realized value (MVRV) ratios of major cryptocurrencies. The #Bitcoin market is the least bullish since September 2023. pic.twitter.com/xfBPhp544R — Julio Moreno (@jjcmoreno) June 21, 2024 Notably, Ethereum’s ($ETH) MVRV ratio is rising faster than Bitcoin’s ($BTC) MVRV ratio. This suggests that Ethereum’s market is heating up, gaining momentum compared to Bitcoin. Historical Trends and Altcoin Movements Historically, when surges, other altcoins tend to follow. This pattern indicates potential upcoming bullish movements for various altcoins if Ethereum…

Ethereum price started a recovery wave above the $2,350 resistance zone. ETH could gain bullish momentum if it clears the $2,680 resistance zone. Ethereum started a recovery wave above the $2,350 and $2,420 levels. The price is trading below $2,640 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,440 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise steadily if it clears the $2,680 resistance zone. Ethereum Price Aims Higher Ground Ethereum price started a recovery wave after a nasty spike below the $2,000 level. ETH…