Author: NBTC

The US Fed will slash interest rates by 50 bps to the range of 450-475 on September 18, 2024. This reduction of the interest rate would prompt investors to invest in high-risk instruments such as Bitcoin and cryptocurrencies. Expect further rate cuts till mid-2023 at a scale of 275-300 bps by May 23 by May 2025. The Federal Reserve is expected to lower the federal funds rate by 50 basis points (bps) on September 18, 2024. This shift could influence financial markets significantly. The projected reduction of the rate from its current range of 500-525 bps to 450-475 bps reflects…

XRP, the controversial Ripple-affiliated cryptocurrency, is outperforming the broader market once again. According to data provided by CoinMarketCap, XRP is up 6.16% over the past 24 hours. This makes it the second best-performing in the top 100 (behind only Aave’s AAVE token). Neo (NEO), Tron (TRX), and Sui (SUI) have also recorded impressive gains over the past 24 hours. After adding 2.3% over the past hour alone, XRP managed to reclaim the much-coveted $0.6 level. As reported by U.Today, XRP formed the golden cross pattern, meaning that the token’s short-term moving average has now crossed a long-term one. This bullish…

Ripple’s chief legal officer Stuart Alderoty has taken part in Financial Markets Quality Conference 2024, where he spoke along with high-ranking representatives of such crypto giants as Robinhood, Grayscale and others. Once again Alderoty weighed in on the current lack of clear cryptocurrency regulations in the U.S., referring to this long-lasting situation as a “regulatory cloud.” He made a statement that once this “regulatory cloud” is removed and the U.S. gets “come policy clarity,” Ripple will become “the most trusted source for enterprise support for crypto solutions in the US!” 🚨BREAKING: @Ripple lawyer Stuart Alderoty says: “When this regulatory cloud…

The makers of Ethereum NFT card game Parallel—which hit the Epic Games Store in June—are rolling onto yet another new project, announcing a 3D first-person shooter game codenamed “Project Tau Ceti” at Token2049 in Singapore on Wednesday. In Tau Ceti, players will battle across a sci-fi planet using their Parallel NFT avatars. Unlike the upcoming AI-centric game Colony, which will be launched on the Solana blockchain, Project Tau Ceti marks a return to Coinbase’s Ethereum layer-2 network Base—this time on the recently launched B3 layer-3 gaming network. “B3 has the right mixture of technology and team experience to support what…

Michael Saylor, the cofounder and chairman of MicroStrategy, has delivered one of the most powerful speeches to Bitcoiners at an event in Nashville, Tennessee, United States. Addressing the crowd of attendees with the aid of PowerPoint slides, Saylor dissected the journey of Bitcoin as an asset and its impact on the economy. Michael Saylor and the Gospel of Bitcoin In a post on his X account, Saylor described the presentation as the most comprehensive and, perhaps, the most important presentation he has ever given on Bitcoin to date. The most comprehensive and, perhaps, most important presentation I’ve done on #Bitcoin…

Ethereum price started a recovery wave above the $2,320 resistance. ETH is now struggling to gain pace for a move above the $2,385 resistance. Ethereum started another decline from the $2,385 resistance. The price is trading below $2,350 and the 100-hourly Simple Moving Average. There was a break above a short-term declining channel with resistance at $2,290 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,350 resistance to continue higher in the near term. Ethereum Price Attempts Recovery Ethereum price formed a base near $2,250 and started a fresh increase like Bitcoin. ETH…

The crypto staking landscape is constantly evolving, with new and remarkable shifts coming to light every now and then. A feature that was once primarily attributed to networks with proof-of-stake consensus mechanisms like Ethereum, developers have now brought staking and restaking to the Bitcoin blockchain. A report by the non-custodial staking services provider P2P.org outlined some major staking trends seen in the market over the past month. Trends in Ethereum Staking The Ethereum network has seen steady validator growth despite the current crypto market uncertainty, volatility, and lower rewards. P2P.org discovered that the blockchain witnessed a 1.49% growth in the…

Despite falling prices, the craze for trading dog and cat memes may be far from over—it’s simply branching out to new blockchains. Tron’s flagship meme coin, Sundog (SUNDOG), is flying high since launching on August 15, making waves on Crypto Twitter as the network’s first buzzy meme coin. At the time of writing, its market cap has surged to $126 million after peaking at $260 million. In a recent buying frenzy, a single whale invested $450,000 in Sundog, sending its price soaring. Entered at $50M mcap a few days ago, already hit $325M mcap. Agreed, this is $WIF speed. $SUNDOG…

Anthony Scaramucci, SkyBridge Capital founder, stated that Kamala Harris’s crypto approach was moving in the right direction. Harris has launched a crypto campaign called the Crypto4Harris recently since her nomination. The US political landscape has been closely watched by the crypto community over the last few months. With the approaching elections and mounting tensions, cryptocurrency has become a vital part of the elections. Both the Democrats and Republicans have transitioned to a pro-crypto stance. Recently, the founder and managing partner of SkyBridge Capital, Anthony Scaramucci commented on Kamala Harris’s crypto approach. The founder spoke in a CNBC Interview discussing the…

BlockFills, a crypto trading solutions provider, has announced a strategic partnership with New Change FX (NCFX), integrating the latter’s benchmark data and analytics feed into its product suite. BlockFills’ wants to bolster its offering for institutional clients in the rapidly evolving digital asset market. The collaboration comes as institutional investors increasingly seek reliable crypto data to inform their trading strategies. By incorporating NCFX’s market-neutral data, BlockFills is expanding its capabilities while maintaining the high standards expected in traditional finance. Nick Hammer, CEO of BlockFills “Our goal is to be the premier destination for institutions in the digital assets sector,” said…