Author: NBTC
Regulators in India are considering banning cryptocurrencies like Bitcoin and Ether and are instead, promoting the use of the digital rupee. On Oct. 22, local media outlet the Hindustan Times cited two officials familiar with the matter who claimed that the government consulted with key institutions and regulators regarding private cryptocurrencies, including stablecoins, and concluded that the risks outweigh the benefits offered. Central Bank Digital Currencies can “do whatever cryptos do,” said one official, adding that “CBDCs have more benefits than cryptos, minus the risks associated with private cryptocurrencies.” Although the specific parties involved in the consultation were not disclosed,…
Zero1 Labs is partnering with NEAR Protocol’s L1 blockchain network, which powers decentralized artificial intelligence (AI). This partnership marks a turning point for developers and innovators as they leverage NEAR’s scalable and secure infrastructure to shape a future defined by open, community-driven AI applications. The goal of this partnership is to empower grassroots teams and developers to lead decentralized AI solutions. Together, Zero1 Labs and NEAR Protocol intend to provide powerful early-stage developer assistance. This will be achieved through several projects, including joint efforts to raise awareness of decentralized AI, host hackathons, and help recruit beta testers. With its Zero…
A possible 50 basis point (bps) rate cut by the US Federal Reserve next week could spark concern among risk assets, including Bitcoin (BTC), according to a report by 10X Research. 10X Research Warns That 0.50% Fed Rate Cut Could Trigger Bitcoin Volatility The Fed is expected to begin a rate cutting cycle, with the first reduction expected to occur at the Federal Open Market Committee (FOMC) meeting on September 18. While low interest rates typically boost markets, an unusually large cut could signal growing economic risks and cause investors to reassess their exposure to risk assets such as cryptocurrencies…
Ethereum has been on a downward trend for the past few days, struggling to stay above the $2,700 level. After failing to break past this key resistance, the price continues to drop, leaving investors wondering if more declines are on the way. In this Ethereum price prediction article, we’ll take a closer look at what’s driving Ethereum’s recent performance and what could happen next. How has the Ethereum Price Moved Recently? ETH/USD Daily Chart- TradingView Ethereum is currently priced at $2,547.76, with a 24-hour trading volume of $26.99 billion, a market capitalization of $306.69 billion, and a market dominance of…
The XRP price is still moving sideways, but whales have started to defy all the odds with huge moves. The broader crypto market has slightly recovered after the recent rate cuts by the U.S. Federal Reserve. Bullish sentiment is still prevailing on the market as more gains are likely in the cards. Seeing this, XRP whales are trying to push the prices to the next highs. According to CryptoQuant data, more than 252 million XRP were withdrawn from cryptocurrency exchanges on Sept. 23. The total value of these coins, based on the current XRP price, is around $147 million. This…
Most Securities and Exchange Commission chiefs step down after a new president arrives, and for the crypto industry, Chair Gary Gensler’s final moment is a point of high interest. Digital assets leaders have battled him in court, and their friends in Congress have attacked Gensler for standing in the way of innovation, but his time is running low. Gensler has options for how he wants to end things, and he still has some time left to engage in crypto policy and enforcement before he goes. Someday soon, somebody besides Gary Gensler will be calling the shots at the U.S. Securities…
BLOCKLORDS has announced an exciting collaboration with Toshi Base, marking a significant milestone for both projects. This partnership, shared through BLOCKLORDS’ official X account, aims to merge their strengths, fostering innovation and engagement within the blockchain space. 📯BLOCKLORDS X TOSHI📯#BLOCKLORDS is excited to announce collaboration with @Toshi_base 🎉What is $TOSHI ❓TOSHI is a memecoin named after Coinbase co-founder Brian Armstrong’s cat and the pseudonymous creator of Bitcoin, Satoshi Nakamoto. It serves as the face and mascot of… pic.twitter.com/x2h2uB7u1x — BLOCKLORDS | ON EPIC GAMES STORE (@BLOCKLORDS) October 23, 2024 Toshi and BLOCKLORDS Collaborate for Innovation on Layer-2 Blockchain Toshi is…
Bitcoin (BTC), the largest cryptocurrency by market cap, seems to be bouncing back after hitting a monthly low of $55,500. Despite a 10% drop in recent days, the price has surged over 5% in the past three days, indicating a potential price reversal on the horizon. In a series of X posts, VirtualBacon warns of a Bitcoin shakeout. He suggested Bitcoin may take one last plunge before a new bull run in a recent X post. VirtualBacon believes a bull run is still ahead despite market fears of a sharp plunge to the low $40,000s. 16/x Summary of Actions1️⃣ Hold…
Ethereum gas prices spiked in the past day, breaking out of the usual range. The spike was due to the launch of a new token by Jeffrey Huang, also known as Machi Big Brother. Machi Big Brother is reviving an old form of token launching, transaction mining. The new asset led to a brief spike in Ethereum’s gas price. Briefly, the ETHcoin contract became the number one gas burner, helping bring exposure to the project. ETHcoin (ETHC) is produced in exchange for small ETH payments. In addition to the transactions, there is a lottery principle where competitors aim to be…
With only 15 days left until the U.S. Federal Reserve’s Federal Open Market Committee (FOMC) meeting, it’s scheduled to follow just two days after the U.S. election on Nov. 7. As of now, market forecasts via CME Group’s Fedwatch tool are leaning toward a 25 basis point (bps) reduction in the target rate. The Fed’s Nov. 7 FOMC Meeting: What Traders Are Betting On While the 2024 U.S. election between former President Donald Trump and Vice President Kamala Harris is grabbing headlines, another major event is drawing attention: the Federal Reserve’s upcoming meeting on the federal funds rate and the…