Author: NBTC
Real Vision analyst Jamie Coutts believes that Bitcoin (BTC) could finish the year much higher as the crypto king chops around. In a new video update, Coutts says that market liquidity is starting to increase, setting up Bitcoin to rally in the final four months of the year when the flagship cryptocurrency generally performs well. “I think people in crypto get very focused on the short term. The things that drive crypto long-term are things like liquidity, and that certainly has improved… Zooming out, I think the conditions are there for a pretty strong Q4. September is always pretty shitty…
IOTA has shared a highlight of the recent Demo Day program featuring the likes of Qiro Finance, Black Frog, Orobo Finance, Auvo Digital, The Real Lifestyle, and Defa Primitive. According to the IOTA founder, this program is a huge step towards supporting and mentoring its beneficiaries to impact the ecosystem significantly. The much-anticipated Real-World Assets (RWA) Accelerator Demo Day program by IOTA (IOTA) and Tenity was held on September 17 in Singapore with the participation of six finalists selected and supported by the two. As we earlier reported, each finalist got a $50,000 grant as well as mentorship, tools, and…
Norges Bank, Norway’s central banking authority, is preparing to make a critical decision on whether to introduce a central bank digital currency (CBDC) by the end of 2025. In an interview with Bloomberg on October 22, Deputy Central Bank Governor Pål Longva revealed that the bank is on track to finalize its recommendation within the planned timeline. Longva emphasized that while other European countries are advancing their digital currency initiatives, Norway’s approach is thorough, with no immediate rush to launch its CBDC. “We are in line with many central banks — studying complex issues and assessing multiple factors. There is…
Kraken is a significant player in the cryptocurrency exchange industry, and stands out for its stellar track record on security, accessibility in multiple regions and multiple account funding options. While a listing in Kraken doesn’t have quite the same impact on the market as a listing on Binance or Coinbase, it can still provide a nice boost to smaller crypto projects. In this article, we’re highlighting new Kraken listings in 2024 and featuring upcoming Kraken listings. Kraken is one of the few exchanges that publicly reveals which cryptocurrencies they are planning to add to their platform. NEW KRAKEN LISTINGS: deBridge…
Despite the Bitcoin price correction cracking under $56,000, the potential interest cut in September could spark a renewed recovery trend. As Bitcoin’s downtrend continues, the broader market uncertainties grow intense. With a lack of bullish momentum related to increased outflow from U.S.-Based Bitcoin spot ETFs, the bulls anticipate the upcoming Fed cut as the next uptrend catalyst. Bitcoin Coils Up Momentum Under Pressure The Bitcoin price is currently trading at $55,499, with a 24-hour drop of 2.5% and a decline of 6.2% over the past seven days. In the daily chart, the BTC price has dropped under the crucial support…
An interesting discussion about the underutilization of the crypto market and space emerged recently when Georgios Konstantopoulos of Paradigm suggested that even developers in the crypto space are not fully leveraging the potential of blockchain, and suggested that self-service onboarding, user-signed requests and stablecoins could democratize authentication through decentralized platforms. Vitalik Buterin, the founder of Ethereum (ETH), entered the discussion by emphasizing Ethereum’s founding philosophy. He likened the Ethereum address to the principle of “text as a universal interface,” positioning the ETH address as a universal tool for authorization across the blockchain ecosystem and calling it the philosophy behind the…
The FED, which last cut interest rates in 2020, cut interest rates for the first time yesterday after a 4-year break. The FED, which made a 50 basis point cut, also moved Bitcoin and altcoins. While Bitcoin rose above $62,000, there were also increases in altcoins. However, some altcoins positively diverged from the market with their increases and increased whale activity. At this point, Santiment listed the altcoins that stood out after the FED’s interest rate decision. Santiment listed six altcoins that experienced a notable increase in whale transactions and stated that these were “Stargate (STG), GMX, Big Time (BIGTIME),…
Coinbase CEO Brian Armstrong believes that the next SEC chairman should apologize to the digital asset sector for the agency’s treatment of crypto under Gary Gensler. In an X post, Armstrong said that the SEC should drop all cases against digital asset trading platforms, including Coinbase and Binance.US. The next SEC chair should withdraw all frivolous cases, and issue an apology to the American people.It would not undue the damage done to the country, but it would start the process of restoring trust in the SEC as an institution. pic.twitter.com/kWVx73vYMs — Brian Armstrong (@brian_armstrong) October 29, 2024 Gensler’s actions have…
Analysts expect a slowdown in spot trading volume to hurt Coinbase’s revenue in the third quarter. The exchange reports Q3 earnings post-market on Wednesday. Third quarter revenue is forecasted to decline about 13% from the second quarter, according to FactSet. Wall Street analysts expect a further slowdown in spot trading volume for Coinbase (COIN) in the third quarter, partly triggered by a lack of catalysts for crypto and an uncertain regulatory environment heading into the presidential election. The crypto exchange, when it reports its earnings post-market on Wednesday, is expected to experience a revenue decline of about 13% in the…
Bitcoin’s trading hours have surpassed those of the modern US fiat stock market since the Nixon Shock, but claims of it exceeding the entire history of US stock trading or fiat globally would be premature. A closer examination reveals a more nuanced picture of market longevity and trading activity. The crypto community recently buzzed with a statistic highlighting how Bitcoin had accumulated more trading hours than the fiat stock market following an analysis by Cory Bates. Bates identifies how Bitcoin trading has now surpassed the fiat stock market, but it’s important to remember that this does not mean the entire…