Author: NBTC
CryptoFees data shows that Bitcoin daily fees averaged $10.65 million from November 16 to November 18, surpassing Ethereum’s average fee of nearly $7 million for the same period. Until 2024, the US Securities and Exchange Commission (SEC) is deferring decisions on several Bitcoin ETF applications, despite the market’s increasing optimism about the approval of a spot Bitcoin exchange-traded fund (ETF) in the US. This hesitation has coincided with a remarkable surge in the top crypto’s average transaction fees, soaring over 1,000% to reach a peak of $18.67 on November 16, according to BitInfoCharts data. The average daily transaction fees for…
In a recent analysis, a crypto market expert has discovered key elements that could trigger a massive surge in the Bitcoin price. Crypto Expert Reveals Bitcoin Price Surge Catalyst Head of Research at CoinShares, James Butterfill has published an in-depth analysis of a revelation that could catalyze a significant increase in Bitcoin’s price. Butterfill’s research delves deep into the present dynamics of the crypto market surrounding the potential approval of Spot Bitcoin ETFs and the inflows that could follow. Using an analysis by Galaxy, Butterfill deduced that if 10% of the $14.4 trillion addressable assets within the US were to…
The machine learning algorithm at CoinCodex has taken a crack at the Bitcoin price and predicted where the asset’s price could be both over the short term and the very long term. If the predictions are anything to go by, then the price of Bitcoin is at one of the lowest points it’ll ever be in the next seven years. Very Bullish For Bitcoin Price In The Short Term The predictions from the machine learning algorithm for the Bitcoin price, especially in the short term, are very bullish. These predictions ranging between five days and one month show where the…
Manta Network has announced that Capx will soon join the ecosystem of Manta Pacific, further shedding light on releasing a prize pool for select activities. Manta Network will now support the incentive layer of the internet.Capx is an ideal candidate for development because it can bridge the gap between two different segments, namely crypto projects and community building. Projects coming up on the list are more likely to be in their early stages, as the announcement clarifies that the support is for emerging crypto projects. Furthermore, this is all supported by Capx’s capability to utilize the IOU token model.It is…
In a historical moment for both the nation and the crypto community, Argentina has ushered in a new era by welcoming its first-ever pro-Bitcoin President. Argentina Elects Pro Bitcoin President On November 19, Argentina released the results of its presidential election. Reports of the election results reveal that right-wing libertarian and Bitcoin advocate, Javier Milei won almost 56% out of 90% of votes counted. While his rival candidate, Minister Sergio Massa garnered 44% of the votes. The momentous victory positions Milei as the face of a new era in Argentina, marked by his stated commitment to solving inflationary problems in…
It has been verified that Javier Milei, a candidate with an affinity for Bitcoin, emerged victorious in the Argentine presidential elections. A margin of 2,786,457 votes separated him from his closest competitor, Sergio Massa. On December 10, 2023, it is anticipated that he will assume the presidency.As per the final results pertaining to the second round of the presidential election, Javier Milei of Freedom Advances (LLA) had a count of 13,216,311. In the case of Sergio Massa of the Unity for the Homeland (UP), the count stood at 10,429,854. The blank and invalid vote count was 791,411.Milei has not officially…
Perps V3 is expected to go live on Base in the coming days. The Andromeda release will facilitate the development. V3 makes its way to the market based on the success that V2 has claimed during its tenure. Features that will sport in V3 are multi-collateral, cross-margin, account-based access, liquidation upgrades, and many more.V2 has set the path for V3 by boosting on-chain perps and risk management. Other offerings that have done the same job are dynamic funding rates and price impact. Interestingly, these features are now standard features for several platforms. V2 has further been credited with achieving $30…
The active supply of Bitcoin and Ethereum, the two dominant cryptocurrencies on the list, is at its lowest when it comes to active supply. The comparison is sharp compared to the numbers they demonstrated during their peak times. Interestingly, the development has come ahead of the halving process, which is tentatively scheduled for April 2024.Bitcoin’s active supply is 30.12%, and Ethereum’s active supply is 39.15%. The peak value was in March 2017–2018 and July 2016–2017 for Bitcoin and Ethereum, respectively. That is when the figures were 59% and 86% for both tokens in the said order. This supply reflects the…
The Shopper Monetary Safety Bureau (CFPB) says it’s ordering monetary big Citibank to shell out over one million {dollars} to potential prospects who have been handled like criminals. In a press launch, the CFPB says Citi violated the Equal Credit score Alternative Act by denying companies to folks primarily based on their heritage. The company says Citi discriminated in opposition to Armenian People between 2015 and 2021 when denying their functions for retail bank cards, treating them as if they might seemingly commit fraud due to their roots. “Citi handled Armenian People as criminals who have been prone to commit…
BlackRock has joined the Ethereum Spot ETF race as the asset management company has officially applied to the US SEC and is currently waiting for approval. BlackRock Files For An Ethereum Spot ETF Following its Spot Bitcoin ETF filing, BlackRock, an American investment company has taken the proactive step by filing an Ethereum Spot Exchange Traded Fund (ETF) with the United States Securities and Exchange Commission (SEC). The asset management company submitted the application on November 15, however, BlackRock has stated it formed the Trust as early as November 9. According to BlackRock, the iShares Ethereum Trust would be used…