Author: NBTC
The price of Ethereum (ETH) has remained above the critical support level of $2,300. Price analysis by Coinidol.com. Ethereum price Long-term analysis: bearish On September 6, as reported by Coinidol.com before, the bears broke through key support and hit a low of $2,156, but the bulls bought the dips. The bears are hoping for a return to the psychological price level of $2,000.00. If the bears breach the support at $2,000, Ether will fall to the 1.272 Fibonacci extension or the low at $1,638. However, the bearish scenario was interrupted as the bulls bought the dips. Ether rebounded from the…
Donald Trump’s World Liberty Financial (WLF) launch faces uncertainty due to a security scare near his golf property. WLF will offer decentralized financial services using blockchain, with plans to promote independence from traditional banking systems. The launch aligns with Trump’s presidential campaign, emphasizing blockchain technology for managing national debt. The highly anticipated launch of Donald Trump’s World Liberty Financial (WLF) platform faces significant uncertainty. A recent security scare near Trump’s golf property has raised safety concerns. This incident occurred just a day before the scheduled live broadcast of the platform’s launch from his Mar-a-Lago residence. Security Fears Surround WLF Launch…
Recently, Curve Finance’s founder Michael Egorov released a proposal on the official governance site seeking funds for Swiss Stake AG, Curve’s development company. While the community fund currently holds around 47,545,144 CRV tokens, Swiss Stake AG seeks support from the token holders to receive a grant of 21 million CRV, worth about $6.37 million. Notably, the platform intends to use the grant exclusively for programs that significantly benefit the Curve ecosystem, including software research and development work. As of now, the company has employed more than 25 individuals or entities to be involved in research and developmental activities. As per…
Finnish police want to detain crypto fugitive Richard Heart on suspicion of assault and gross tax evasion believed to be in the region of several hundred million euros. The remand order for Heart, real name Richard Schueler, was issued by Finnish police last Friday. Heart is suspected of owing tax in Finland after the country’s tax administration found his returns did not match up with its assessment. Helsinki police detective Harri Saaristola told Finnish publisher Yle, “It is then a matter of neglecting to report [income] or offering false information.” He added, “Based on the very considerable amount of money…
Tron founder Justin Sun criticized Coinbase, the largest US-based crypto exchange, for not implementing proof-of-reserve (PoR) measures. Coinbase CEO Brian Armstrong responded by emphasizing that the company relies on its business model and regular audits to attract institutional investors, dismissing the need for PoRs. Justin Sun Urges Coinbase to Implement PoR Tron founder Justin Sun criticized Coinbase for being one of the few major exchanges that have yet to implement proof of reserves (PoR). Sun argued that Coinbase’s stance, which claims PoRs are not feasible, is inadequate in preventing risks similar to those faced by FTX, which collapsed after using…
Following the announcement on July 27th at the Bitcoin conference in Nashville, the “Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide” or BITCOIN Act of 2024, introduced by Senator Cynthia Lummis of Wyoming, seeks to firmly establish Bitcoin as a strategic asset in the United States’ financial arsenal. At its core, the Act proposes the creation of a Strategic Bitcoin Reserve (SBR) and a structured Bitcoin Purchase Program, and comprehensive national custody policy. While the bill is quite brief, what follows is a breakdown of the Act’s key provisions, their implications, and the innovative funding mechanisms employed. The Strategic…
As the Federal Reserve gears up for potential rate cuts, crypto analyst Michael van de Poppe is keeping a close eye on Ethereum. While he doesn’t believe today marks the bottom for ETH, he’s excited about what could unfold in the decentralized finance (DeFi) space once the Fed begins to lower rates. What does this mean for Ethereum’s price and its role in DeFi? Let’s dive in. Rate Cuts Could Trigger a DeFi Boom According to Michael van de Poppe, if the Fed reduces interest rates, it could ignite a significant boost for decentralized finance (DeFi) platforms, especially Ethereum. With…
The Fed interest rate decision, which is of great importance for Bitcoin and global markets, will be announced on Wednesday. While the Fed is expected to make its first interest rate cut, according to experts, this reduction will start the easing cycle that has historically supported risky assets, including Bitcoin. But uncertainty is raising risks in markets as traders remain divided over the magnitude of the upcoming rate cut, with traders bracing for a potential volatility surge in financial markets after Wednesday’s rate decision. “The Fed’s first rate cut should have been a welcome relief point to celebrate,” Scotiabank Economics…
According to the data shared with the public by the popular Shibburn tracker, the burn rate of the second largest meme cryptocurrency has gone up significantly, rising together with the SHIB price. SHIB price soars along with token burns Shibburn spread the word about the burn rate of SHIB soaring by a staggering 1,088% since yesterday morning. This is the first time the burns have entered the green zone since the start of the week. Still, despite the impressive surge in this key metric, the amount of meme coins incinerated by the loyal SHIB community was not major, as it…
In the recent Financial Markets Quality Conference 2024, Ripple’s Chief Legal Officer, Stuart Alderoty spoke along with the high-ranking representatives of crypto giants like Robinhood, Grayscale, and others. He yet again reflected on the lack of clear cryptocurrency regulations in the U.S., and referred to the situation as a ‘regulatory cloud’. He claimed that once this regulatory cloud is removed, and the U.S. gets some policy clarity, Ripple will become the most trusted source for enterprise support for crypto solutions in the US. Ripple’s Significant Victories Against SEC Lately, Ripple has achieved significant court victories against the SEC, which is…