Author: NBTC
Ether’s recent underperformance may be over, Steno Research said in a report. The report noted that in the last bull market, during altcoin season, ether more than doubled in value compared to bitcoin. The U.S. Federal Reserve’s interest rate cut will result in more onchain activity, which will benefit Ethereum. Ether’s (ETH) recent bout of underperformance may be over and the world’s second largest cryptocurrency could be ready to shine again, both in fiat terms and relative to bitcoin (BTC), Steno Research said in a report on Thursday. The native token of the Ethereum blockchain has risen nearly 8% year-to-date,…
Following the Fed’s 50 basis point rate cut and the subsequent press conference by Fed Chair Jerome Powell, economists and analysts had mixed reactions to the move. Brad Bechtel, Jefferies’ global head of foreign exchange, said the Fed’s decision came as a surprise to much of the market. “Expectations were split about 50/50 ahead of the decision,” Bechtel said. “The Fed is trying to head off a recession, but the market response has been lukewarm so far. Much of that reaction was already priced in.” Powell’s comments at the press conference reinforced the perception that he personally favors a larger…
XRP optimists forecast a potential surge for the altcoin, possibly pushing its price to a new all-time high (ATH) if the SEC approves an XRP ETF, among other factors. The likelihood of an XRP ETF significantly increased following the conclusion of the long-running case between Ripple and the SEC, with Judge Analisa Torres ruling XRP is not a security. Tradingview’s data shows XRP’s price surged 30% following the judgment but has since consolidated, pulling back to the $0.56 region after reaching a $0.64 local high. Notably, XRP’s recent price pullback coincided with a significant drop in the decentralized finance (DeFi)…
The Capital Markets Board (CMB) has announced a significant set of regulations in the cryptocurrency space. These regulations entered into force with the amendments made to the Capital Markets Law No. 7518 and were announced in line with the framework determined by the Temporary Article 11 added to the Capital Markets Law No. 6362. The new regulations cover a wide range from the operation of crypto asset platforms to the protection of customer rights. Basic Regulations and Principles According to the CMB’s announcement, the following principles were introduced in order to eliminate various application differences encountered in the activities of…
The new CEO of OKX Singapore says getting a custodian bank was the most important, and most challenging part of obtaining a license from the Monetary Authority of Singapore. Singapore crypto traders are HODLers she also said, preferring to buy-and-hold instead of trade actively. The Monetary Authority of Singapore’s crypto licensing regime is considered one of Asia’s gold standards, and getting a Major Payment Institution (MPI) isn’t meant to be easy. In a recent interview with CoinDesk, OKX Singapore’s new CEO, Gracie Lin, whom the exchange recently hired from Grab, talked about the exchange’s journey in getting this license –…
peaq, the layer-1 blockchain for DePIN and Machine RWAs, shares the details of the integration of LayerZero, an industry-leading omnichain interoperability protocol for EVM blockchains. peaq, LayerZero start multi-blockchain collaboration Ahead of its full-stack public launch, DePIN-centric layer-1 blockchain peaq has entered into a strategic collaboration with LayerZero, the largest interchain ecosystem providing access to 80+ blockchains of various types. It empowers DePINs on peaq to seamlessly connect with and access liquidity across all supported blockchains, granting them unmatched presence and access across all of entire Web3. This access will be crucial for fostering growth, exploring cross-ecosystem synergies and collaborations…
Renowned Bitcoin maximalist and JAN3 chief executive officer Samson Mow has taken to the X social media platform (formerly known as Twitter) to reveal his bullish take on the plans of the US government recently voiced by pro-Bitcoin senator Cynthia Lummis to buy a whopping 1 million BTC and make strategic reserves of the world’s flagship cryptocurrency. Are future US Bitcoin reserves priced in? Mow shares take Mow believes that these potential Bitcoin reserves will not slow down Bitcoin price from growing, perhaps even reaching $1 million. The boss of the JAN3 company focused on helping nation-states to adopt BTC…
According to the analytics account on the X social media platform @spotonchain, the Ethereum Foundation continues to sell substantial lumps of Ethereum. Ethereum Foundation dumps more ETH Less than an hour ago, this entity sold another 300 ETH coins, exchanging them for 763,092 DAI stablecoins. This is the equivalent of $707,328 in fiat. The Ethereum Foundation sold 100 $ETH for 226,868 $DAI again ~ 1 hour ago.Note that the Ethereum Foundation has consistently sold $ETH in small batches weekly for the past 3 weeks, totaling 650 $ETH ($1.51M) at ~$2,323.Follow @spotonchain for more updates on the… https://t.co/CZ4fVly2RO pic.twitter.com/IbnR1lkPUr — Spot…
The Asia-Pacific region is expected to lead global growth in family office wealth, Manana Samuseva, founder of FOIS, told CoinDesk. New ventures poised to enter the token markets are seeing valuations set exceptionally high by venture capitalists. This trend is making liquid token investments increasingly attractive, Delta Blockchain Fund’s Kavita Gupta said. Polymath’s Trevor Koverko proposed “label to earn.” Future lies in building the creator economy and leveraging user-generated content, Rhinocorn Ventures’s Casey Grooms said while discussing gaming. Family offices managing at least $100 million are increasingly looking toward liquid token investments, artificial intelligence (AI), and gaming as part of…
Widely followed crypto pundit “Max Prime” has boldly asserted that XRP is the greatest scam in the crypto scene, citing its failure to ascend in the face of crucial events. The commentator shared this opinion in a recent post on X. He criticized XRP’s price movements following significant events that should have bolstered its much-anticipated rise but did not. XRP Unexpected Performance After Ripple Lawsuit Victory Max Prime first pointed to the conclusion of the multi-year lawsuit that had threatened the existence of both XRP and Ripple. Despite the lawsuit’s resolution, XRP’s price failed to reflect the significance of the…