Author: NBTC
Ripple’s announcement of their RLUSD stablecoin has sparked debate within the crypto community, especially because of the challenges faced by Novatti Payments’ AUDD stablecoin. AUDD was supposed to be listed on both the XRP Ledger (XRPL) and Stellar, but it faced liquidity challenges on XRPL, leading many to wonder if RLUSD will encounter a similar fate. I remember when Novatti Payments wanted to list AUDD on the XRPL and Stellar and it was eventually listed on Ethereum, Stellar and the XRPL. It ended up having no liquidity on the XRPL. Why will RLUSD be different.? I am not sure? https://t.co/uFFJ2wlAmG…
SkyBridge Capital’s Anthony Scaramucci predicts Bitcoin could reach $100,000 by the end of 2024, driven by rate cuts and potential pro-crypto legislation. SkyBridge Capital founder and hedge fund manager Anthony Scaramucci predicts Bitcoin (BTC) will reach $100,000 by the end of 2024, driven by U.S. interest-rate cuts and potential pro-crypto legislation. In an interview with Bloomberg, Scaramucci highlighted that upcoming Federal Reserve rate cuts and bipartisan support for crypto and stablecoin legislation in the next U.S. congressional term could fuel a significant rise in Bitcoin’s value. “We are going to get pro-cryptocurrency, Bitcoin, and stablecoin legislation in the first part…
Shibarium, the Ethereum-based layer-2 scaling solution of the Shiba Inu ecosystem, has printed a major milestone on its mainnet. Per data insights from Shibariumscam, Shibarium’s total blocks have surpassed seven million. Per actual figures, this block count figures comes in at 7,101,728, a milestone breached after the sharp upticks recorded at intervals during the month. Shibarium stats at glance Many metrics define the growth and evolution of the Ethereum layer-2 protocol. Over the past year, its average block time has soared from 4.0 to its current 5.0, proof of slower throughput. However, the total transaction count has been steadily climbing,…
Amid cryptocurrencies like Bitcoin (BTC) becoming more present and relevant in the mainstream, BlackRock (NYSE: BLK), a $10 trillion asset manager and creator of the largest Bitcoin exchange-traded fund (ETF) in the world, has shared its views regarding the maiden crypto asset’s future. Indeed, BlackRock outlined the dynamics of Bitcoin “as it pertains to risk, return, and portfolio interactions, (…) in recognition of the early stage Bitcoin is at in its journey, and the rapidity with which its adoption and understanding by the global investor community is evolving,” in a report called Bitcoin: A Unique Diversifier. How Bitcoin surpassed $1…
With Bitcoin price sustaining above $60,000, bulls target the $66K level amid rate cut speculations. As the BTC price rises above the $60,000 level, bullish sentiments are improving, with rising speculation of a potential rate cut in today’s FOMC meeting. The Bitcoin price currently trades at $60,236, with a minimal intraday move following yesterday’s 3.61% jump. With the chances of a 500 basis point cut in interest rates, will Bitcoin’s head-and-shoulder pattern reach the $66,590 mark? Bitcoin Recovery Teases $61K Break With a recovery run in the 4-hour chart, the BTC price action shows an inverted head-and-shoulder pattern. The recovery…
Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure. Here’s what happened in DePin sector recently: Theta launched the mobile version of its EdgeCloud Node, expanding its network to Android devices. Helium formed a partnership with the University of Southern California (USC) Trojans, increasing its visibility at major sporting events. Meanwhile, Anyone announced its Incentivized Testnet, offering token rewards to relay operators for supporting its infrastructure. Theta Releases EdgeCloud Node for Android Devices In a important step for Theta, the mobile version of the Edge Node for Android devices launched on September 25.…
Since spot ether Exchange Traded Funds (ETFs) began trading on US securities exchanges, five days have seen precisely $0 of Ethereum capital inflows. Even worse, since July 23, 2024, owners of the nine spot ether ETFs have actually withdrawn money from those products. Incredibly, because trusts and other investors seeded over $10 billion worth of spot ether into the ETFs prior to their debut on US exchanges, the tally of post-launch trading activity is negative $556 million. ‘Inflows’ is a term used to describe the net US dollar flow into spot ether ETFs. It excludes all other Ethereum-related purchases and…
It has just been announced that the world’s second largest cryptocurrency exchange, OKX, will delist LEASH, a token from the Shiba Inu ecosystem. Along with SHIB and BONE, this token is one of the essential elements of the space around the popular meme-inspired cryptocurrency. For those who may not know, LEASH was launched in 2021 by anonymous Shiba Inu creator Ryoshi. From the beginning, it was stated that the token would be used to buy land in the metaverse project built around the meme coin. In addition, LEASH was used in the presale of the Shiba Inu-centric NFT collection of…
Bitcoin is currently facing a crucial resistance level, with a new bearish signal appearing in the short term. The outcome of the upcoming Fed meeting, set to take place in just a few hours, could also impact the market. The Fed will soon announce its decision on interest rates, scheduled for 6:00 PM GMT on September 18th. The market is largely expecting a rate cut, with futures pricing in a 37% chance of a 0.25% reduction and a 63% chance of a 0.5% cut. The current high end of the Fed funds rate is 5.5%, and most expect it to…
A top cryptocurrency analyst and trader is saying he’ll turn bullish on Ethereum (ETH) if it breaks through one key resistance level. The analyst pseudonymously known as DonAlt tells the 62,300 subscribers of the Technical Roundup YouTube channel that if Ethereum reclaims $2,800 on the weekly timeframe it could set ETH up for much larger gains. “I still find ETH interesting. But I would like it to trade above here… $3,000 is the line in the sand. If you get back above $3,000, ETH gets really, really good. And I think at this point, $2,800 is the new line in…