Author: NBTC
Este artículo también está disponible en español. According to Steno Research, Ethereum’s (ETH) days of underperformance against the wider crypto market might be numbered following the US Federal Reserve’s (Fed) decision to cut interest rates. It’s Time For Ethereum To Shine Again Regarding price appreciation, ETH hasn’t had a particularly impressive 2024. While Bitcoin (BTC) and altcoins like Solana (SOL) and Tron (TRX) have witnessed considerable price gains, ETH is still trading at its January 2024 price levels. Notably, the second largest digital asset by market cap has tumbled 48% against Bitcoin since the Ethereum merged on September 15, 2022.…
The largest asset manager in the world, BlackRock, has cautioned about the possibility of higher market volatility after U.S. Interest rates were recently lowered by 50 basis points by the Federal Reserve. Though the rate cut may give markets a short-term boost, according to Jean Boivin, head of the BlackRock Investment Institute, it also increases the risk of volatility in the upcoming months, especially if inflation and economic growth in the U.S. do not match the Fed’s forecasts. Boivin noted that the state of the economy is still very uncertain. The near-unanimous agreement on the rate cut was somewhat surprising…
ICP’s TVL hit a record $123.41M, up 458.4% since the start of 2024. ICP’s DeFi ecosystem shows rapid growth with increased user adoption. Analysts predict a 500% rise in ICP’s price by next year. The Internet Computer Protocol has hit a major step, with a record Total Value Locked (TVL) of $123.41 million. The increase reflects a 458.4% gain since the start of the year and it indicates strong growth in the decentralized finance sector. BREAKING NEWS🚀The #TVL on #ICP just reached an all time high 📈according to @DefiLlama !!! The TVL is now sitting at $123.41m💰 and is 458.4%…
It took four years for the Ripple case to end. The SEC filed a lawsuit against Ripple in 2020 regarding the sale of XRP tokens. In the latest hearing, which took place on August 7, the court imposed a $125 million penalty on Ripple. Let’s take a look at what new developments have occurred in this case. The legal battle between the SEC and Ripple, which started in December 2020, is the most-watched case in crypto history. The SEC wanted to impose a fine of at least $2 billion on Ripple for violating the Securities Act. Ripple had requested that…
TL;DR Strategic Merger: Private ID and Disco.xyz merge to create a unified digital identity infrastructure spanning both Web2 and Web3. Multi-Channel Expansion: The merger will allow Privado ID to integrate identity solutions across multiple blockchains such as Optimism, Arbitrum, and Base. Identity Innovation: The new entity will use advanced technologies such as zero-knowledge proofs to ensure the integrity of identity data. Private ID and Disco.xyz have announced a merger that marks a milestone in the evolution of digital identity. This strategic move aims to create a unified identity infrastructure that connects Web2 and Web3 ecosystems, addressing the growing need for…
On July 31, 2024, Zach Pandl, head of research at Grayscale Investments, was interviewed by CNBC Television, discussing the company’s launch of the Bitcoin Mini Trust ETF and its implications for the cryptocurrency market. Launch of the Bitcoin Mini Trust ETF Grayscale Investments has introduced the Grayscale Bitcoin Mini Trust ETF, a significant addition to its product lineup. This new ETF is a spin-off from the existing Bitcoin ETF and comes with a notably lower fee of 0.15%, compared to the 1.5% management fee charged by the Grayscale Bitcoin Trust (GBTC). Pandl said the primary motivation behind launching the Bitcoin…
With the ability to facilitate transactions directly between parties, DeFi lending platforms are changing the way that people manage their money. Compound utilizes algorithmic rates, MakerDAO aims at stability, Aave enters the arena with flash loans, Synthetix is all about synthetic assets, and finally, Curve Finance is solely about trading in stablecoins. These platforms are enhancing decentralized finance and are likely to define the future of lending and borrowing in the digital market. DeFi’s economy has rapidly expanded over the past few years with lending platforms being among the pioneers of the new financial world. These new protocols have revolutionized…
Non-fungible tokens (NFTs) had quite the boost this week, with sales climbing by 7.33% compared to the previous one, totaling $77.13 million. The number of NFT sellers skyrocketed by 95.68%, while buyers surged 137.48%, giving the market a noticeable lift. NFT Gains: Digital Collectible Buyers Increase by 137% as Sales Hit $77.13M After several weeks of sluggish sales, NFTs made a comeback between Sept. 14-21, 2024. In just seven days, cryptoslam.io metrics show they amassed $77.13 million across 21 blockchains, marking a 7.33% increase. Ethereum led the charge, bringing in $23.62 million, though sales on Ethereum-based NFTs dipped 9.32% from…
In an interesting piece of data shared by a popular analyst, Stockmoney Lizards has shared his bold opinion on Ethereum’s future, claiming that the once-dominant smart contract platform might be losing its relevance. According to the analyst, Ethereum’s core use case—smart contracts—is rapidly diminishing, and its much-anticipated “Merge” event has had little impact on the token’s price, even though ETH has become deflationary. Unpopular opinion: #Ethereum is dead.Smart contracts, Ethereum’s core use case, are rapidly diminishing. The Merge had little to no effect on the price, even though $ETH has become deflationary. Additionally, staking with higher returns is available on…
CBRT announced its interest rate decision for September 2024. The CBRT Monetary Policy Committee left interest rates unchanged in September. The expectation was that the policy rate would remain unchanged at 50% in September. What Was the Dollar’s Reaction to the Interest Rate Decision? After the TCMB decision, the dollar is traded at 34.02 TL. The CBRT’s statement regarding the latest interest rate decision is as follows: “The Monetary Policy Committee (the Committee) decided to keep the one-week repo auction interest rate, which is the policy rate, constant at 50 percent. When the monthly inflation indicators in August are examined…