Author: NBTC
Risk assets like bitcoin appear resilient to sticky U.S. inflation and declining odds of a Fed rate cut in the first half of the year, one analyst said. Prediction markets seem confident that BTC will hit an all-time high this year Risk assets like bitcoin (BTC) are doing just fine, an analyst with Truflation said after the cryptocurrency suffered moderate losses Tuesday following the hotter-than-expected U.S. inflation report, which dented hopes for a Fed rate cut. The U.S. consumer price index report for January showed prices went up for health and utilities, driven by the tight labor market, while food,…
How do crypto protocols incentivize and reward early users and contributors? Token airdrops. By handing out protocol tokens, the early users who helped build and propel a network or app are typically given a say in decentralized governance—and the tokens have value, too. Not every airdrop will fill your wallet with a sizable bag of tokens, but you never know—users have collectively netted millions of dollars in tokens during past airdrops, and sometimes crypto tokens gain value over the long haul. Recent high-profile airdrops from the likes of Blur, Jupiter, and Pyth Network may inspire you to look for the…
The Bitcoin (BTC) price reached a new yearly high of $52,800 on February 15 but has fallen slightly since. Nevertheless, BTC regained its footing on February 15 and is approaching its yearly high. Will it break out? Bitcoin Closes Above $50,000 The weekly time frame outlook shows the BTC price has increased since the start of 2023. The upward movement accelerated in October, leading to a high of $49,050 in January 2024. The BTC price fell afterward, validating the 0.618 Fib retracement level as resistance (red icon) and leading to a decrease to $38,500. However, the Bitcoin price regained footing…
Despite the much-hyped launch of Bitcoin ETFs and a relatively buoyant crypto market, venture capital investing in the sector declined in January. Moreover, there was an increase in the number of funding rounds but a decline in the total amount raised. On February 5, industry research outlet Wu Blockchain released its January 2024 crypto venture capital report. Venture Capital Funding Down The report, which used RootData statistics, noted that there were a total of 113 publicly disclosed investment projects in the crypto venture capital space in January. This represents a month-on-month increase of 10.8% from 102 projects in December 2023.…
Following the launch of Taproot Wizards’ Quantum Cats non-fungible token (NFT) series, secondary market activity reveals significant trading volume and a significant increase in the collection’s minimum value. Initially offered at 0.1 bitcoin each, Quantum Cats’ lowest value now fluctuates around 0.303 bitcoin or $13,062 for each NFT. Quantum Cats Floor Values Leap to New Heights Just 48 hours prior, Bitcoin.com News covered the Quantum Cats NFT launch, which had experienced some setbacks. Post-launch, having garnered over $12 million through initial sales, Quantum Cats are now commanding prices well above the 0.1 BTC initial cost. According to Magic Eden’s figures,…
Ethereum and movements have been closely linked for a considerable time. This relationship has fueled hopes that Bitcoin’s recent achievement of the $50,000 mark on February 12 could pave the way for Ethereum to experience a similar bullish trend toward $3,000. In the Ethereum derivatives markets, there’s been a significant uptick in the pace at which speculative traders are engaging in leveraged bullish positions. Additionally, several on-chain indicators have now turned bullish, suggesting a big rally is waiting for in the coming days. Ethereum’s Netflow Touches The Negative Zone Ethereum’s price dropped below the $2,600 mark after BTC price lost…
Ripple has broadened its scope in the custody scene with the recent acquisition of Standard Custody, a subsidiary of blockchain infrastructure company PolySign. In a press release last night, the Ripple team announced the latest acquisition, which builds upon a series of recent achievements for the company. According to a subsequent post on X, the firm emphasized that the acquisition would help strengthen its product offerings. Standard Custody and Trust Company offers regulated services to its clientele bordering on custody and escrow infrastructure with regulatory approval from the New York State Department of Financial Services (DFS). Being a regulated entity,…
Gnosis Pay has officially released a self-custody card to the public, igniting a new wave of excitement among crypto enthusiasts. Gnosis announced in a Feb. 17 post on X that this pay option is free of any usage fees for its early adopters. It marks a significant milestone by introducing seamless on-chain asset spending at over 80 million Visa-accepting merchants globally. The wait is (finally) over.Gnosis Cards have officially launched to the public and are shipping now 🦉💳✅ Self-custodial✅ Spend anywhere where Visa is accepted✅ 0% card usage fees for early users✅ Compliant with regulated TradFi standards pic.twitter.com/MKEFo7UzxZ — Gnosis…
Algorand Foundation and the Government of Plateau State of Nigeria are joining hands to explore pilot programs using blockchain technology in Nigeria. The partnership was announced on the official website of Algorand. The post read that the Government of Plateau State holds a strong position in the administration and governance of state services. The authority overviews routine operations in industries ranging from legislative and judicial to health care and procurement. With Algorand’s assistance, the administration will test blockchain apps throughout different sectors. Dominic Gwaman, PITCDA’s (Plateau State Information and Communications Technology Development Agency) Director General, talked about the recent partnership.…
A major Bitcoin analyst and author of the stock-to-flow model for BTC is known on the X social media network (formerly Twitter) as PlanB. PlanB has made an ultra-bullish Bitcoin prediction, stating that he expects the Bitcoin price to surge almost four times higher than its current price but evaluated his prediction in terms of the price of gold, in ounces. Bitcoin to be worth 100 ounces of gold: PlanB In a recent tweet, PlanB reminded the cryptocurrency community that currently one Bitcoin is worth 26 ounces of gold (one ounce evaluated at $2,000). His tweet states that it is…