Author: NBTC

Amid cryptocurrencies like Bitcoin (BTC) becoming more present and relevant in the mainstream, BlackRock (NYSE: BLK), a $10 trillion asset manager and creator of the largest Bitcoin exchange-traded fund (ETF) in the world, has shared its views regarding the maiden crypto asset’s future. Indeed, BlackRock outlined the dynamics of Bitcoin “as it pertains to risk, return, and portfolio interactions, (…) in recognition of the early stage Bitcoin is at in its journey, and the rapidity with which its adoption and understanding by the global investor community is evolving,” in a report called Bitcoin: A Unique Diversifier. How Bitcoin surpassed $1…

With Bitcoin price sustaining above $60,000, bulls target the $66K level amid rate cut speculations. As the BTC price rises above the $60,000 level, bullish sentiments are improving, with rising speculation of a potential rate cut in today’s FOMC meeting. The Bitcoin price currently trades at $60,236, with a minimal intraday move following yesterday’s 3.61% jump. With the chances of a 500 basis point cut in interest rates, will Bitcoin’s head-and-shoulder pattern reach the $66,590 mark? Bitcoin Recovery Teases $61K Break With a recovery run in the 4-hour chart, the BTC price action shows an inverted head-and-shoulder pattern. The recovery…

Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure. Here’s what happened in DePin sector recently: Theta launched the mobile version of its EdgeCloud Node, expanding its network to Android devices. Helium formed a partnership with the University of Southern California (USC) Trojans, increasing its visibility at major sporting events. Meanwhile, Anyone announced its Incentivized Testnet, offering token rewards to relay operators for supporting its infrastructure. Theta Releases EdgeCloud Node for Android Devices In a important step for Theta, the mobile version of the Edge Node for Android devices launched on September 25.…

Since spot ether Exchange Traded Funds (ETFs) began trading on US securities exchanges, five days have seen precisely $0 of Ethereum capital inflows. Even worse, since July 23, 2024, owners of the nine spot ether ETFs have actually withdrawn money from those products. Incredibly, because trusts and other investors seeded over $10 billion worth of spot ether into the ETFs prior to their debut on US exchanges, the tally of post-launch trading activity is negative $556 million. ‘Inflows’ is a term used to describe the net US dollar flow into spot ether ETFs. It excludes all other Ethereum-related purchases and…

It has just been announced that the world’s second largest cryptocurrency exchange, OKX, will delist LEASH, a token from the Shiba Inu ecosystem. Along with SHIB and BONE, this token is one of the essential elements of the space around the popular meme-inspired cryptocurrency. For those who may not know, LEASH was launched in 2021 by anonymous Shiba Inu creator Ryoshi. From the beginning, it was stated that the token would be used to buy land in the metaverse project built around the meme coin. In addition, LEASH was used in the presale of the Shiba Inu-centric NFT collection of…

Bitcoin is currently facing a crucial resistance level, with a new bearish signal appearing in the short term. The outcome of the upcoming Fed meeting, set to take place in just a few hours, could also impact the market. The Fed will soon announce its decision on interest rates, scheduled for 6:00 PM GMT on September 18th. The market is largely expecting a rate cut, with futures pricing in a 37% chance of a 0.25% reduction and a 63% chance of a 0.5% cut. The current high end of the Fed funds rate is 5.5%, and most expect it to…

A top cryptocurrency analyst and trader is saying he’ll turn bullish on Ethereum (ETH) if it breaks through one key resistance level. The analyst pseudonymously known as DonAlt tells the 62,300 subscribers of the Technical Roundup YouTube channel that if Ethereum reclaims $2,800 on the weekly timeframe it could set ETH up for much larger gains. “I still find ETH interesting. But I would like it to trade above here… $3,000 is the line in the sand. If you get back above $3,000, ETH gets really, really good. And I think at this point, $2,800 is the new line in…

IOTA founder Dominik Schiener emphasized the foundation’s focus on long-term real-world applications of blockchain, particularly in tokenizing real-world assets (RWAs). Schiener discussed the ongoing development of IOTA 2.0, including the shift from a centralized Coordinator to a “proof of authority” model for decentralization. In a recent interview, Dominik Schiener, co-founder of the IOTA Foundation, discussed IOTA’s future in the Web3 space, the development of IOTA 2.0, and its focus on real-world asset tokenization projects. Schiener emphasized the need for real-world applications of blockchain, a shift from the crypto industry’s trend of “get-rich-quick” schemes. IOTA Foundation Co-founder Offers Insight Into Web3…

Bitcoin’s recent price action has been moving within an ascending triangle, a bullish pattern that often signals an upcoming major rally. The key obstacles preventing this breakout are the resistance levels at $61,846 and $64,169. Overcoming these levels will be crucial for Bitcoin to begin its next upward move, potentially leading to significant gains for investors. Bitcoin Investors Could Trigger a Rise Investors have shown strong optimism in Bitcoin’s potential recovery, which is evident in their accumulation of 33,950 BTC over the past ten days. The decrease in exchanges’ balance from 3.022 million BTC to 2.988 million BTC signifies that…

Ethereum’s cofounder, Vitalik Buterin, recently sparked a conversation about a crucial update to Ethereum’s infrastructure — EIP-7708. This proposal could solve a long-standing issue with tracking ETH transfers across various transaction types, something that has plagued the network for years. EIP-7708 is designed to introduce a new logging mechanism for Ethereum transfers, both from regular accounts and smart contracts. The proposal aims to emit a log every time an ETH transfer happens, regardless of whether the transaction occurs via a normal transaction, a CALL or a SELFDESTRUCT action in smart contracts. Currently, logs are effective for tracking ERC-20 token transfers…