Author: NBTC
The price of Bitcoin (BTC) rose to a high of $73,600 on October 29. BTC price analysis by Coinidol.com. In previous price action, Bitcoin reached an all-time high of $73,588 on March 13, 2024. The bears have interrupted the uptrend, causing the price to fall slightly. BTC price long-term prediction: bullish On the downside, Bitcoin has retreated to the current support level above $70,000, but has since recovered. The cryptocurrency is trading above $70,000 but below the $73,000 barrier. On the upside, Bitcoin will reach a new high of $76,500 if buyers break through the $73,000 barrier. On the downside,…
Ethereum Foundation contributor Josh Stark highlighted Ethereum’s (ETH) “hardness” as its defining quality in the digital economy, emphasizing its ability to provide unmatched predictability and immutability for decentralized applications. Stark argued that these qualities make Ethereum a resilient foundation, setting it apart from other blockchains and traditional institutions. His statement comes amid Ethereum’s price struggles as its value against Bitcoin (BTC) hits its lowest point in 1,285 days. Understanding ‘hardness’ Stark explained that Ethereum’s “hardness” reflects its ability to make the future more predictable. This quality, he argues, is essential to Ethereum’s position within the digital economy, offering a level…
In a recently published tweet, the official marketing lead of the Shiba Inu team Lucie revealed the importance of the approaching new hard fork on Shibarium. The upgrade is called Cancun and it is the second hard fork to be rolled out by the Shiba Inu developers this year. Along with that, the team will roll out a major upgrade for Puppynet. Lucie underscores importance of coming tech upgrades Lucie tweeted that this upgrade will be targeted at improving Shibarium and its testnet known as Puppynet. “It’s very important for developers,” Lucie pointed out. She also stressed that Cancun will…
In Italy, the proposal to increase the taxation of capital gains on cryptocurrencies to 42% (from the previous 26%) seems to be experiencing a moment of backtracking. It appears that the sector is mobilizing to prevent capital flight abroad. Italy: the proposal for increased crypto taxation at 42% is in reverse Italy and the taxation on cryptocurrencies: the discovery of the loophole in the law Last place for AI investments in the EMEA region Italy: the proposal for increased crypto taxation at 42% is in reverse The press review of Caffè Affari today from Milano Finanza highlights a possible backtrack…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. Even taking into account yesterday’s global market selloff, the “Uptober” framing, in the end, did not disappoint. For the month, bitcoin was up about 11% to close at the second-highest monthly level ever. US bitcoin ETFs saw $2.28 billion in inflows this week (excluding today), capping off a month of roughly $5.63 billion entering the segment. While it remains to be seen whether that capital is sticky or more of a temporary basis-driven trade, BTC bulls have nothing to complain about. Heading into November and the US…
The Ethereum (ETH) ecosystem comprises dozens of second-layer blockchains (L2s), each regularly unlocking millions of dollars of their native tokens. These massive unlocks create significant selling pressure, potentially leading to price loss over time as private investors dump on retail. This week, two popular Ethereum L2s will unlock nearly $100 million worth of tokens, according to retrieved data from TokenUnlocksApp. In particular, Arbitrum (ARB) and Starknet (STRK) will be responsible for $74.69 million of the $116.86 million released from 13 cryptocurrencies in the seven days starting September 14. These events will represent a circulating supply inflation of 2.7% and 3.6%…
Crypto markets are closely monitoring Massachusetts today as attorney John Deaton challenges Senator Elizabeth Warren, in a Senate race that could shape the future of U.S. crypto policy. Deaton, a well-known pro-XRP attorney, opposes Warren’s proposed Digital Asset Anti-Money Laundering Act, a measure he claims would limit regular Americans’ ability to hold and self-custody Bitcoin and other crypto assets. Deaton, who has represented XRP investors in the SEC lawsuit, argues that Warren’s bill would essentially restrict digital assets to banks and institutional investors, making self-custody inaccessible for the average person. In a post on X, Deaton argued that Warren’s bill…
This is your captain speaking: Due to regulatory uncertainties regarding who will win the U.S. presidential election on Tuesday, Bitcoin’s price has fallen back to $70,000 under further notice — please HODL. Okay now past the cringe, Bitcoin’s price nearly hit an all time high of above $73,770 earlier this week, falling just $200 short around $73,500. As I noted last week, markets had been pricing in a Trump victory, which would see his positive policies around Bitcoin and other financial markets be put into place. Unfortunately though, just 4 days out from the election, there’s a feeling in the…
The year 2024 saw the approval of two exchange-traded funds (ETF) products: spot Bitcoin ETF and spot Ethereum ETF. Some industry stakeholders believe significant progress has been made in getting regulatory approval for these two coins. In line with this, expectations abound for more related products. This has spurred VanEck and 21Shares to apply to the U.S. SEC for a spot Solana ETF. Recently, Grayscale Trust took the first step toward launching an XRP ETF when it launched XRP Trust for accredited investors. Projections on Solana and XRP ETF approvals Despite this apparent progress, Nate Geraci, an ETF analyst, has…
With the US elections underway, SEC Commissioner Hester Peirce has emerged as a potential successor to Chairman Gary Gensler. At the Bitcoin Nashville conference in July, former President Donald Trump pledged to dismiss Gary Gensler “on day one” of his presidency if reelected in 2024. However, such a dismissal would require proper cause, such as neglect or inefficiency, and the process including legal reviews could extend beyond a year. Peirce, nicknamed “Crypto Mom” by the crypto world, has established herself as a critic of Gensler’s regulatory approach. In a September 16 dissenting opinion with Commissioner Mark Uyeda, she stated, “Leaving…