Author: NBTC

Bitcoin (BTC) experienced heavy volatility on Sept. 19 following the Fed’s FOMC meeting but maintained its position above the $60,000 threshold. Fed chair Jerome Powell confirmed weeks of speculation by announcing a 50 basis point rate cut after four years of restrictive monetary policy. According to the press release: “The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals are roughly in balance.” The policy shift comes after a prolonged period of rate hikes by the Fed, which raised interest rates to combat inflation…

While the crypto markets are losing all of the gains triggered by a weekend optimism spike, some large meme cryptocurrencies are outperforming all competitors. By contrast, two meme coin behemoths, SHIB and DOGE, are in the red today, together with other large caps. BONK, WIF, POPCAT: Meme coins in top gainers today Today, Sept. 30, 2024, amid the five best performing cryptocurrencies, two represent the meme coin segment. Dog-coins Bonk (BONK) and Dogwifhat (WIF) added 7.1% each in the last 24 hours. Dogwifhat (WIF), one of Solana’s most unusual meme coins, punished bears: over $2.17 million in liquidations were registered…

UTONIC, the pioneering restaking platform built on The Open Network (TON), has announced a strategic partnership with Cobo. Cobo is a leading provider of digital asset custody and wallet infrastructure. This collaboration is set to significantly bolster security for UTONIC’s liquid staking and restaking services by leveraging Cobo’s state-of-the-art security solutions. Cobo announced this collaboration today via a tweet on social media platform X (formerly known as Twitter). 🔥Thrilled to partner with @UTONIC_uTON!Through this collaboration, #UTONIC will leverage Cobo’s cutting-edge custody and wallet infrastructure to safeguard liquid staking assets. Say goodbye to single points of failure and hello to robust…

About $179 million worth of Bitcoin futures could be forced to be liquidated in case the BTC value drops to $61,498. Such trading uses borrowed funds to increase profits by a specified multiple, and it increases the market’s fluctuations leading to a chain of forced sales on various platforms. The prospect of a liquidation event may cause the stock price to decrease or for a value investor to find an attractive investment opportunity. Currently, the Bitcoin futures market is set to undergo a massive liquidation. This is where $179.70 million worth of Bitcoin will be wiped out if Bitcoin’s price…

After teasing the launch of the Magic Eden token ME in August, the Magic Eden Foundation has provided the latest update on when the airdrop will happen. The Magic Eden Foundation has not released a launch date for the ME token. However, in its update on Sept. 30, it noted that a claim simulation will take place in October. The token claim will be available via the Magic Eden Wallet. ME token simulation in October Anticipation for ME, as with other major recent platform token airdrops, is massive. To prepare the community, Magic Eden plans to simulate the token claim…

Fighting organization Karate Combat is set to launch a Hedera layer-2 network called UP in Q1 2025. This will enable the league to license its “Up Only Gaming” tech stack that powers its app to other sports, leagues, and projects—maybe even meme coins. Karate Combat, which counts MMA legends Bas Rutten and Georges St-Pierre as ambassadors, has grown in popularity in recent years thanks, in part, to its push into crypto and its token-hungry user base. Karate Combat’s mobile and web app allows users to wager KARATE tokens on upcoming fights. Bet correctly and you win KARATE tokens; bet incorrectly,…

Bitcoin price started another increase above the $60,500 resistance. The Fed reduced rates by 0.50%, sparking a bullish wave in BTC toward $62,500. Bitcoin is gaining pace above the $60,200 resistance zone. The price is trading above $60,500 and the 100 hourly Simple moving average. There was a break above a short-term declining channel with resistance at $60,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could extend gains if it stays above the $60,500 support zone. Bitcoin Price Surges By 5% Bitcoin price remained supported above the $58,500 level. BTC formed a base…

According to the latest market trends, the artificial intelligence (AI) coin bittensor (TAO) has overtaken internet computer (ICP), now sitting as the second largest AI-focused coin, just below near protocol (NEAR). TAO’s 5.7% 24-Hour Jump Pushes it Ahead of ICP in AI Coin Market Kicking off the week, despite a general market slump, bittensor (TAO) saw a 5.7% increase in the past 24 hours. Over the last month, TAO has climbed 109.6% against the U.S. dollar. As of today, TAO’s trading range is between $540 and $604 per token, bringing its market valuation to $4.436 billion. This rise edged TAO…

If you’ve been on the online shooter video game portion of the internet over the last few days, then you’ve likely heard of Off the Grid, a brand new battle royale game that is picking up serious steam with players. Off the Grid has already topped the Epic Games Store’s list of the most popular free-to-play games, plus it’s commanding huge crowds on Twitch. In short: It’s a hit. But what you might not know is that Off the Grid is a blockchain game built on Avalanche, with plans for a crypto token and the ability to mint rare items…

Liveness is a critical component of the Interchain Stack, influencing operational reliability, scalability, and performance. Ensuring that all nodes can communicate consistently reduces downtime and improves overall system functionality. However, decentralized blockchain development presents significant challenges in providing liveness guarantees at the protocol level. Interchain Foundation revealed this trailblazing news through its official media account, X. 1/ Liveness is an important concept in the Interchain Stack, affecting operational reliability, scalability, and performance.Yet, the inherent challenges of decentralized blockchain development make it challenging to provide liveness guarantees at the protocol level today. pic.twitter.com/Q5WHxlMVPt — Interchain Foundation (@interchain_io) October 11, 2024 Safety…