Author: NBTC
As USD/JPY plunges by 10% in less than a month and Japan stocks are under fire, Bitcoin (BTC) also feels the pain. At the same time, veteran cryptocurrency entrepreneur and investor Arthur Hayes indicates potential “buy” opportunities in this zone. JPY up, BTC down: Arthur Hayes comments on “widow maker” effect Global “rick off” mode captivated various markets in different regions of the world, and Bitcoin (BTC) is not an exception. It is highly likely that this “widow maker” short-term move should be attributed to increased volatility and collapse in the USD/JPY pair. The widow maker is in effect. Savage…
KyberSwap is one of the leading decentralized finance (DeFi) platforms and has officially announced its integration with Sky Ecosystem in expanding its offerings to new token pairs. As part of the partnership, KyberSwap will be supporting the native contracts of $SKY and $USDS, the two key tokens of Sky Ecosystem. KyberSwap just announced support for SKY and USDS trading at launch! https://t.co/YXDEVqVbqE — Sky (@SkyEcosystem) September 16, 2024 With the impending launch of the Sky ecosystem, this collaboration will allow people to swab $DAI for $USDS and $MKR for $SKY. Thus introducing new liquidity and trading opportunities within the DeFi…
Compared to its competitors, IBM Cloud is ahead when it comes to secure enterprise-grade blockchain solutions. Blockstream is especially dedicated to providing Bitcoin infrastructure and has the coverage of satellite connection. Sia completely alters the way one thinks about cloud storage services due to its decentralized structure, which is based on blockchain. The use of cloud data has been on the rise in the blockchain industry, where many providers are coming up with new and unique solutions for businesses and developers. Of all the available providers, these are considered the most outstanding in the field of providing jack-up suppliers with…
A cryptocurrency trading expert has suggested that the ongoing Bitcoin (BTC) sell-off will likely escalate in the coming weeks, noting that the asset is facing a possible capitulation event. In a TradingView post on August 3, analyst Alan Santana noted that this projection is based on a detailed examination of historical price movements and critical technical indicators, which forewarn investors of significant market turbulence ahead. According to the expert, Bitcoin surged past $70,000 on July 29, 2024, but the euphoria was short-lived. The cryptocurrency couldn’t sustain this price level for even 15 minutes, swiftly falling below the mark and trading…
A high-performance Canadian crypto stock is vying for a U.S. stock market listing, potentially opening the company to an army of hungry new investors. DeFi Technologies—parent company to various crypto-focused subsidiaries, notably exchange traded fund (ETF) operator Valour—currently trades on Cboe Canada under the DEFI ticker, and over OTC markets under DEFTF. On Monday, the company announced that it had filed a Form 40-F registration statement with the SEC to also get listed on the Nasdaq stock market. “The listing of the company’s common shares on the Nasdaq remains subject to the approval of the Nasdaq and the satisfaction of…
VeChain has been tipped for greatness for its organic growth and solid development, positioning it above the 2021 all-time high. The value proposition of VET is said to have more room for improvement, while its tokenomics reportedly needs an update. Vechain’s (VET) unprecedented adoption over the past few years makes it one of the fastest-growing ecosystems in the blockchain industry. As we highlighted recently, VeChain has been patronized by heavyweight companies, including “BMW, Walmart China, Groupe Renault, AT&T, T-Mobile, and LVMH.” Its incredible services have also been leveraged by Decentralized Finance (DeFi) platforms such as “APEWorld, vet.domains, VTHO Exchange, Vechain…
Crypto exchange Tokenize Xchange secured funding from Animoca Brands to launch its own blockchain network dubbed “Titan Chain.” Southeast Asia’s cryptocurrency exchange Tokenize Xchange — also known as Tokenize — has secured a major boost for its Titan Chain blockchain network through a strategic investment from Animoca Brands, a Hong Kong-based game software company and venture capital company. In a Sept. 16 press release, Animoca Brands, known for its ventures in blockchain gaming and web3 space, announced that it would invest in Tokenize’s native token, TKX, and provide market-making services aimed at improving liquidity and trading efficiency for TKX and…
Morgan Stanley to offer Bitcoin ETFs from BlackRock and Fidelity starting August 7. Eligible clients must have a net worth of $1.5M and high-risk tolerance. Cathie Wood predicts Bitcoin could exceed $1.5M per coin with institutional adoption. Morgan Stanley recently announced that its financial advisors will soon be authorized to provide Bitcoin exchange-traded funds (ETFs) to selected clients. With Morgan Stanley now on board, selling Bitcoin ETFs to their clients, it’s important to remember what ARK Invest’s Cathie Wood predicts happens next: https://t.co/GQH2MCuhKl pic.twitter.com/nT61Ob5YUx — Altcoin Daily (@AltcoinDailyio) August 2, 2024 Starting August 7, the bank’s 15,000 advisors can solicit…
Decentralized cryptocurrency exchange dYdX plans to list perpetual futures on prediction markets, d’Haussy told CoinDesk in an interview. The prediction market could offer DeFi a unique opportunity to regain attention, d’Haussy added. Perpetuals-focused decentralized cryptocurrency exchange dYdX will soon enter the prediction markets sector, allowing users to place leveraged bets on the outcome of binary events, as it looks to divert attention from centralized trading venues. “DYdX will launch perpetual futures on prediction markets,” dYdX Foundation CEO Charles d’Haussy said in an interview, explaining that decentralized finance (DeFi) needs to offer something special to differentiate itself from centralized venues. “The…
Tron founder and one of the important names in the digital asset world, Justin Sun, is once again in the spotlight. Sun is trying to start a memecoin craze on the Tron network, similar to what happened with Solana before, and he has been partially successful in this. While some of the memecoins released on the memecoin network created by Sun so far have managed to exceed a market value of $1 million, some fraudulent tokens have also been released. However, Justin Sun’s latest cryptocurrency portfolio is also a matter of curiosity for users. Here are the altcoins worth over…