Author: NBTC
Josh Olszewicz, a renowned crypto analyst, has recently shared critical insights into the immediate Bitcoin price future, employing two technical analysis frameworks: the Ichimoku Cloud and Bollinger Bands. These tools hint at pivotal moments that could shape the trajectory of the Bitcoin price in the near to medium term. Bitcoin Analysis Using The Ichimoku Cloud In the first chart featuring the daily Ichimoku Cloud, Olszewicz highlights a critical moment for Bitcoin as it navigates through this complex indicator. The Ichimoku Cloud, known for providing support and resistance levels as well as momentum and trend direction, shows Bitcoin trading near the…
While the FED has been keeping its policy interest rate at a range of 5.25%-5.50% for a long time, at a 23-year high, all eyes are on September for the first interest rate cut. In his statement following the July interest rate decision, FED Chairman Jerome Powell signaled that an interest rate cut could be made in September if inflation continues to fall. At this point, a 25 basis point discount in September is priced at 51.5%; a 50 basis point discount is priced at 48.5%. While a rate cut was almost certain in September, Bank of America CEO Brian…
According to breaking news, artificial intelligence platform developer SingularityNET announced that they have established a partnership with Filecoin. Sharing from the X account, the AGIX team referred to Cointelegraph’s news for the details of the partnership. Accordingly, it was stated that the aim of the partnership is to integrate the artificial intelligence and decentralized physical infrastructure network (DePIN) sectors by preserving decentralization, artificial intelligence ethics and data source. It was also stated that within the scope of the partnership, an artificial intelligence ethics working group will be established to ensure that artificial intelligence development and distribution comply with ethical practices.…
Binance was spotted moving around $240 million to an unknown Bitcoin address. It is unclear whether it is a simple withdrawal or a redistribution of Binance’s own funds, but the outflow of BTC from an exchange raises some questions for sure. There is a discernible trend of Bitcoin withdrawals from exchanges amid current market conditions. Investors are storing their money in self-custody wallets at a higher rate than they were on exchanges. Growing worries about exchange security and a desire for more control over one’s assets are the main forces behind this change. After multiple high-profile exchange hacks and regulatory…
Hamster Kombat, the popular tap-to-earn sensation, revealed having rejected several investment proposals from some of the biggest venture capital firms in the crypto industry. The team behind the game declared that it would not allow players to become exit liquidity for their backers, as has happened in other projects. Hamster Kombat Has Rejected Venture Capital Investment to Benefit Its Players Hamster Kombat, the tap-to-earn game where players step in the shoes of a hamster CEO of a crypto exchange, has clarified its policy regarding external investors. The project, which has reached over 300 million users and has a projected upcoming…
The mysterious leader of Shiba Inu, known to the community as Shytoshi Kusama, continues his “world tour” as he is meeting the SHIB army in various countries. Now, he has made a public appearance in India, in accordance with his earlier tweet. However, this time, he arrived with a masked companion, mystifying the SHIB community on the X platform (formerly famous around the world as Twitter). $SHIB @ShytoshiKusama Live in Mumbai, India With Whom?#ShibaInu #ShibaInuETF #SHIBARMYSTRONG 💪 pic.twitter.com/Lix3bLQEOt — SHIB Bezos (@BezosCrypto) July 10, 2024 Shytoshi Kusama and his masked companion in India Several SHIB fans on the X app…
According to data from ETC Group, cryptocurrency hedge funds significantly reduced their risks in the Bitcoin market to levels not seen since October 2020. “Crypto hedge funds have really thrown in the towel on Bitcoin lately. Over the last 20 trading days, they have reduced their holdings in the BTC market to only 0.37, which is the lowest level since October 2020,” said André Dragosch, Head of Research at ETC Group. said. The crypto hedge fund industry is diverse, with a variety of strategies that can be both directional and market neutral. Therefore, it is difficult to determine the main…
KfW, the largest development bank in Germany and owned by the German states, has teamed up with Boerse Stuttgart Digital (BSD) as infrastructure provider partner in preparation for its upcoming blockchain-based digital bond offering, the companies said in a Monday press release. KfW plans the bond issuance in the coming weeks under the German Electronic Securities Act (eWpG). BSD will oversee the crypto wallets and secure the private keys during the issuance and redemption processes. The upcoming offering will be part of the European Central Bank’s trials to settle blockchain-based transactions against central bank money. “As one of the world’s…
Bitcoin maximalist Fred Krueger has called for exchange-traded funds (ETFs) for meme coins like Shiba Inu, though in a lighthearted manner. Krueger voiced this sentiment in a recent commentary on X, lamenting the SEC’s approval of an ETF he finds undeserving. Specifically, he expressed apprehension at the launch of the YieldMax Short COIN Option Income Strategy ETF, which has the ticker symbol “FIAT.” This ETF aims to generate monthly yields by using a synthetic covered put strategy on the share price of the common stock of Coinbase (COIN). While it benefits when COIN’s share price decreases, its potential gains are…
Bitcoin’s most popular layer 2, the Lightning Network, had another bug that put users’ funds at risk. Lightning scales faster and cheaper than regular bitcoin transactions by allowing users to join payment channels, therein conducting off-blockchain, ‘bar tab’-like transactions. By jotting down increases and decreases in bitcoin balances within these payment channels, Lightning users ‘send’ and ‘receive’ bitcoin faster and cheaper than paying miners for the full security and decentralization of on-blockchain transactions. However, the trade-off for this speed and affordability is evident in this week’s disclosure: security. LND, one of the four most popular implementations of Lightning, is now…