Author: NBTC
Crypto analyst Jelle has highlighted a bullish pattern that has been forming on the Bitcoin chart for the last three years. The analyst suggested that it could soon be time for the pattern to play out, with a price target of $100,000 and above in sight if it does. 3-Year Cup And Handle Pattern Could Soon Play Out For Bitcoin In an X (formerly Twitter) post, Jelle stated that it shouldn’t be long before the 3-year cup and handle pattern on Bitcoin’s chart starts playing out. The analyst suggested this could happen as soon as the fourth quarter of this…
India has the potential to facilitate efficient cross-border payments using Central Bank Digital Currency according to the Reserve Bank of India governor Shaktikanta Das. According to a local report, during his keynote address at the conference on Central Banking at Crossroads, Das reaffirmed his support for CBDCs to improve international money transfers, as a part of ongoing efforts to cut the time and cost of overseas remittances. Das highlighted that India is one of the few large economies operating a 24×7 real-time gross settlement system, adding that expanding the RTGS system to settle trades in global currencies such as the…
The Tokenized Asset Coalition adds 21 new members, releasing a report on blockchain and tokenization growth. Ondo Finance leads in the tokenized US Treasury space with innovative products like USDY and OUSG. The Tokenized Asset Coalition (TAC), which advocates for public blockchain adoption, asset tokenization, and institutional DeFi, made significant progress by announcing the addition of 21 new members and releasing its highly anticipated second State of Tokenization report. As a significant participant in this project, Ondo Finance remains at the forefront of redefining the on-chain investment landscape. The Tokenized Asset Coalition (@TACoalition), of which Ondo Finance is a member,…
We should be building cross-chain solutions as if consensus mechanisms are unnecessary — because they are. Blockchain technology has been celebrated for its potential to revolutionize various industries through decentralization, security and transparency. However, as the ecosystem expands, the complexities and costs associated with interoperability between different blockchains have become increasingly apparent. Consensus algorithms are essential for individual blockchain networks, ensuring that all participants agree on the state of the ledger to maintain integrity and security. Yet, when these mechanisms are applied to interoperability solutions like cross-chain bridges, they introduce significant inefficiencies and risks. Implementing consensus in interoperability often leads…
Coinbase denies issuing Bitcoin IOUs to BlackRock, stating all transactions are on-chain and fully auditable. There is no real evidence supporting claims that Coinbase facilitated market manipulation with BlackRock. Rumors have circulated that Coinbase is issuing Bitcoin IOUs to BlackRock, which purportedly allows the financial firm to manipulate the market by borrowing Bitcoin without maintaining a 1:1 reserve. This speculation has raised concerns about potential price manipulation, particularly given the size and importance of Coinbase and BlackRock in the cryptocurrency market. Analyst Tyler Durden, among others, has publicly accused Coinbase of supporting these operations, implying that BlackRock may utilize these…
The Ethereum address myparagon.eth has made a significant profit by selling a large amount of Ethereum ($ETH). A recent report from Lookonchain reveals that the address sold its remaining 4,802 ETH, worth around $12.56 million, just a few hours ago. The sale generated an approximate profit of $2.8 million in 38 days of sale. myparagon.eth sold all the remaining 4,802 $ETH($12.56M) 40 mins ago, making a profit of ~$2.8M in 38 days!He bought 9,050 $ETH($20.75M) at ~$2,293 on Sept 7 and Sept 9.Then he sold all $ETH at ~$2,598 on Sept 30, Oct 2, and Oct 15, making ~$2.8M.https://t.co/XFRkut6fb4 pic.twitter.com/jfBt8h8d0Q…
Bitcoin staking platform Solv Protocol has raised $11 million from Nomura subsidiary Laser Digital, Blockchain Capital and OKX Ventures. Various Bitcoin staking platforms and protocols have emerged in recent years aiming to tap the potential of the hundreds of billions of dollars worth of capital held in BTC by putting it to work on other networks. Bitcoin (BTC) staking platform Solv Protocol has raised $11 million at a $200 million valuation from Nomura subsidiary Laser Digital, Blockchain Capital and OKX Ventures, among others. Solv Protocol’s SolvBTC product has more than 20,000 BTC staked ($1.3 billion) deployed across 10 major blockchain…
Chiliz Group, the group behind the crypto platform of Socios.com and Chiliz Chain (CHZ), is now launching a new project: “Chiliz Sports”. It is an independent division that promotes synergies and business opportunities for brands in the sports and technology sector. Chiliz Sports: the new independent crypto division after Socios.com and CHZ Chiliz Sports: the evolution of SportFi and crypto of Socios.com and CHZ The project of inclusivity Chiliz Sports: the new independent crypto division after Socios.com and CHZ Chiliz Group, the group behind the Socios.com platform and Chiliz Chain (CHZ), has launched a new project: “Chiliz Sports”. In practice,…
Blockchain gaming is getting a significant boost as Faraway, a prominent game development studio, announces the creation of its custom Layer 1 (L1) blockchain on the Avalanche network, named FCHAIN. The initiative is aimed at building a thriving gaming ecosystem that caters to both independent publishers and original games from Faraway’s growing library. This strategic move signals Faraway’s ambition to make blockchain-based gaming more accessible for both developers and players. More Avalanche games inbound 🎮@farawaygg is building their own custom Avalanche L1, FCHAIN, to support a burgeoning gaming ecosystem of both original games and new games from independent publishers.Amongst Faraway’s…
Cryptocurrency analytics firm QCP Capital has released its latest market report, covering important topics such as the US presidential race, inflation data, and key developments in the crypto market. QCP Capital highlighted the debate between former President Donald Trump and Vice President Kamala Harris as a major event of the week, despite the lack of any discussion on cryptocurrency. Harris, who showcased her extensive legal experience during the debate, received notable support from pop star Taylor Swift, a figure of significant influence. Harris currently has a slight lead in the race, with a slightly above 50% chance of becoming the…