Author: NBTC

Bancolombia is advancing its efforts to integrate cryptocurrency into everyday transactions with the introduction of the WeniaCard, a digital payment solution linked to its Wenia crypto platform. This new card will allow users to utilize their digital assets at any merchant accepting MasterCard, marking a notable step in the evolution of cryptocurrency use in Colombia. The WeniaCard will operate as a fully digital payment method, enabling users to conduct transactions seamlessly through popular mobile payment applications like Apple Pay and Google Pay. CEO Pablo Arboleda indicated that this approach aims to provide a convenient and secure method for users to…

Commodity trader Peter Brandt has weighed in on the Bitcoin/gold ratio, predicting that it could surge to 123. Such a target implies that the Bitcoin price could possibly surge to around $300,000. When I look at chart of Bitcoin/Gold ratio, here is how I view it: $GC_G $BTC $BTCXAU1. Continuation inverted H&S pattern, neckline at 32.5 to 12. Left shoulder low at 14.2 to 13. Right shoulder forming flag4. Could decline into high teens to 15. Target 123 to 1 pic.twitter.com/VKvsDqwkuU — Peter Brandt (@PeterLBrandt) September 21, 2024 Brandt’s apparent bullishness is based on the inverse head-and-shoulders (iH&S) pattern that…

Recently, a group of brawlers triggered Shiba Inu (SHIB) marketing lead LUCIE, forcing her to state that she would defend the ecosystem. Per her X post, she addressed these critics’ concerns about fraud. SHIB price driven by community and market forces First, LUCIE noted that the token contracts for SHIB, BONE and LEASH have all been renounced. To those propagating the rumors about the platform, she noted that calling the Shib ecosystem a scam is not only wrong. Rather, it makes the critics look like they missed “Crypto 101.” Fudders Gonna Fud: Why Calling the Shib Ecosystem a Scam Makes…

Privacy tokens underwent nearly 60 delistings by centralized exchanges this year, a record since 2021, according to a recent Kaiko report. The report tracked Monero (XMR), Dash (DASH), Decred (DCR), Mask (MASK), Rose (ROSE), and Zcash (ZEC). XMR suffered the most delistings, with a 6x yearly increase, while DASH experienced the second-highest number of delistings. According to the report, these delistings are primarily driven by regulatory pressure in various jurisdictions over the past years. Regulatory pressure According to Chainalysis, Japan banned privacy coins’ trading in 2018. In 2020, Australian and South Korean regulators followed this move and started pressuring crypto…

Cryptocurrency analytics firm MarktQuant has identified a clear pattern between Federal Reserve Reverse Repo (RRP) hikes and subsequent Bitcoin price declines. The firm recently explained that after each quarterly Fed RRP hike, Bitcoin experiences a significant drop, typically reaching its full effect approximately 18.2 days later. According to MarktQuant, these Fed liquidity tightening measures appear to directly affect Bitcoin’s price action. Data shows that declines have an average lag of 18.2 days with a standard deviation of 7.7 days, giving traders the opportunity to speculate and adjust their positions. “FED RRP increases consistently lead to BTC declines,” the statement said.…

Aptos (APT), a core native cryptocurrency of the eponymous layer-1 blockchain, demonstrates impressive performance as the market declines. The upsurge of APT might be catalyzed by the decision of asset management giant Franklin Templeton to include the blockchain in one of its products. Aptos (APT) up by 10%, becomes best performer in top 100 Aptos (APT), a high-performance modular layer-1 blockchain, sees its native cryptocurrency jumping by almost 10% while the rest of cryptocurrency market sees 3% capitalization decline. In the last 24 hours, its capitalization has extended back above $4 billion mark. The token replaced Internet Computer (ICP) as…

Key Takeaways FTX’s Chapter 11 reorganization plan was approved by a US bankruptcy court on Monday. FTX creditors will receive 119% of approved claims in cash following court approval. FTX’s native token, FTT, soared over 50% to $3.23 on Monday after FTX received court approval for its bankruptcy plan. The plan will allow FTX to repay customers in full using $16 billion in recovered assets, including interest. After the surge, FTT is now settled at around $2.72, CoinGecko data shows. The token’s value rose 100% in the last two weeks as investors awaited a confirmation hearing. Source: CoinGecko On Monday,…

This past week, a batch of five block rewards from 2009 were moved for the first time in almost two years. Interestingly, since 2015, only 48 block rewards from Bitcoin’s creation year have been spent. With the reawakening of these so-called ‘sleeping’ bitcoins from Bitcoin’s early days, it’s a good time to reflect on just how many of these rewards remain untouched today. Over 1 Million Bitcoins From 2009 Still Unspent, Another 700,000 From 2010-2012 Block Rewards Remain Untouched With Bitcoin’s blockchain and its Unspent Transaction Output (UTXO) model, users can track every bit of activity that unfolds on the…

Polkadot is shifting considerably toward improving decentralization due to adopting the Decentralized Nodes Program. Through the efforts of the Web3 Foundation, Polkadot aims to enrich the Polkadot network by fortifying the representatives of this project in different forms. Wanna be the backbone of true decentralization?Polkadot stands for autonomy, for systems where no single entity controls the infrastructure.If you believe in power that flows from the many, not the few, this is your call.Introducing the Decentralized Nodes Program from Web3… https://t.co/fhOhcWc2gs — Polkadot (@Polkadot) October 3, 2024 By emphasizing security, sustainability, and trust-free operation, the new program helps expand the validators’…

Right now, a major hidden warning signal is showing up on Bitcoin’s chart, signaling potential challenges ahead. According to analyst Josh of Crypto World, despite the price looking strong in the short term, there’s a hidden bearish divergence that could hint at a continuation of the larger bearish trend. The big flashing signal on the daily Bitcoin chart is a “hidden bearish divergence.” This happens when Bitcoin’s price shows lower highs while the RSI (Relative Strength Index) reflects higher highs. Typically, a bearish divergence is a sign that the market could continue its downward trend. However, in this case, the…