Author: NBTC

Bitcoin managed to stay above $60,000 after the FED cut interest rates by 50 basis points last week. While analysts expect an increase for BTC from now on, popular analyst PlanB, known for the S2F model, shared his monthly BTC price forecast. PlanB, who announced his predictions from his X account, stated that he expects Bitcoin to reach $70,000 in October. The analyst, who announced his BTC predictions month by month, also shared his long-term predictions for 2026 and 2027. Stating that these predictions are just a scenario, PlanB listed the reasons for the price levels he expects for Bitcoin…

Local exchanges like Bitso and Lemon report significant increases in digital currency deposits since the amnesty’s announcement. Carlos Peralta of Bitso noted a surge in inquiries, suggesting higher future participation before the deadline extension. In Argentina, the cryptocurrency amnesty program, initiated in July, has surprisingly exceeded expectations according to local exchanges. This initiative allows Argentinians to declare their cryptocurrency holdings to the government without fear of repercussions. The deadline for this declaration has been extended to October 31 The Argentine government has extended the deadline for asset regularization through Decree No. 864/2024, published on September 30, 2024. This extension modifies…

Ripple announced it has teamed up with the DIFC Innovation Hub in Dubai to drive blockchain innovation in the UAE through the Centre’s Innovation Hub as home to over 1,000 tech firms, digital labs, venture capital firms and other key players in the sector. The partnership is aimed largely at early-stage companies adopting blockchain and cryptocurrency into their processes. However, it is also intended to work with traditional large organizations to facilitate the use of these technologies. We’re partnering with the @InnovHubDIFC to accelerate blockchain innovation in the UAE! Together, we’re driving blockchain adoption among startups & scale-ups, shaping the…

Bitcoin (BTC) continues to wrestle with the $64,000 threshold on Wednesday, trading up 0.3% at $63,850, while market experts point to increasingly bullish sentiment and potential catalysts for further growth. Despite the cryptocurrency’s short-term struggle to break decisively above this level, analysts have noted several positive indicators that could fuel Bitcoin’s next leg up. Ethereum, meanwhile, is down 1%, trading at $2,625, according to data from CoinGecko. U.S. spot Bitcoin ETFs continue to show strength, marking their fourth consecutive day of net inflows. On September 24, these ETFs saw a total net inflow of $136 million, with BlackRock’s iShares Bitcoin…

Injective integrates with Elliptic to enhance network security and regulatory compliance. Injective launches Altaris, its most advanced chain upgrade, boosting network capabilities. In a tweet, Injective announced their collaboration with Elliptic, a renowned blockchain analytics platform for financial institutions and corporations. This collaboration is intended to improve the network’s security and regulatory compliance. Injective is now integrated with @Elliptic, a leading blockchain analytics platform for financial institutions and enterprises. With Elliptic’s suite of products, developers and businesses can easily map fund flows within the Injective network, all while meeting global… pic.twitter.com/u4fMzGb25y — Injective 🥷 (@injective) August 6, 2024 Elliptic Integration…

Brink, a non-profit focused on funding open source Bitcoin development published its annual report detailing over $1 million in donations to Bitcoin developers in 2023. It was founded in 2020 by renowned Bitcoin developers John Newbery and Mike Schmidt, aims to provide financial support and mentorship to promising developers working on open-source Bitcoin development. In the report published on its 4th anniversary, Brink disclosed it received approximately $2.4 million in donations last year from over 500 contributors, with Jack Dorsey’s StartSmall initiative as a major donor. Brink’s expenses totalled around $1.6 million in 2023. Over $1.2 million went directly to…

In a recent tweet, Ripple President Monica Long revealed plans for a new independent XRP Ledger Foundation. This comes as XRP Ledger Foundation, which supports the growth and development of XRP Ledger, has now been renamed as Inclusive Financial Technology Foundation (INFTF). Ripple’s president had responded to an XRP Ledger community member who had inquired if there may be plans to end the “XRP Ledger Foundation” in the wake of the transition. The XRP Ledger community member also sought to know Ripple’s plans to support XRP Ledger and the steps being taken to ensure the continued stability, innovation and decentralization…

Bitcoin is trading on Korean exchanges at the steepest discount since October 2023, according to CryptoQuant. Smart traders have shifted to high-beta altcoins, data tracked by 10x Research show. Crypto traders on South Korea-based exchanges seem to have shifted from bitcoin (BTC) to alternative cryptocurrencies (altcoins) amid bullish analysts’ forecasts in the wake of the recent U.S. interest-rate cut. That’s the message from analytics firm CryptoQuant’s Bitcoin Korea premium index, which measures the price gap between Korean and offshore exchanges. The index turned negative Wednesday, sliding to -0.55, reflecting the deepest discount since October 2023. In other words, bitcoin has…

An investment of $1,000 in Cardano at the current price of $0.3347 could be worth a fortune if ADA surges to ambitious targets of $100, $300, or $500. Like most major crypto assets, Cardano (ADA) observed its fair share of the recent market bloodbath, with its price plummeting to a yearly bottom of $0.2799 on August 5. However, the token witnessed a quick recovery that saw it climb above the $0.3 mark. Despite the recovery, ADA is still below its yearly high of $0.807, registered on March 6, 2024. At the current price of $0.3347, Cardano is down 58.52% from…

The FED’s interest rate cut has boosted Bitcoin and altcoins, with BTC rising above $64,000 and Ethereum above $2,600. While analysts expect a rally from now on, Deribit CEO Luuk Strijers warned against short-term volatility. Luuk Strijers said that a significant amount of Bitcoin and Ethereum open interest will expire on Friday, which could cause price fluctuations. Accordingly, 90,000 BTC options worth $5.8 billion and $1.9 billion ETH options are expected to expire on September 27, causing volatility in prices. Speaking to CoinDesk, Deribit CEO stated that around 20% of expiring Bitcoin options are in the money, saying: “$5.8 billion…