Author: NBTC
Pyth Network has successfully come up with its permissionless mainnet, which will open the doors for futuristic token-led governance for the protocol. It will now be possible for users taking part in the ecosystem to connect with Pyth Governance via blocking their PYTH tokens within the Pyth staking program. Users will have the option to cast their votes on community governance suggestions. On-chain governance comes with crucial protocol issues such as the reward system for the suppliers of data, the size and price of the oracle’s fees, and the option of price feeds registered on the network. Pyth Network contributors…
Technical analysis is pivotal in cryptocurrency trading, furnishing invaluable insights for traders navigating the volatile waters, particularly in futures trading scenarios. With Ethereum’s present valuation at $1938, comprehending the nuances of technical analysis becomes indispensable for stakeholders in this widely followed digital currency. Essentially, technical analysis entails scrutinizing historical statistical patterns to prognosticate forthcoming price fluctuations rooted in the ebb and flow of supply and demand dynamics. Identification of bullish trends, followed by buyer activity and bearish trends, steered by seller influence, becomes feasible through technical analysis, aiding traders in pinpointing potential trading opportunities. As the cryptocurrency landscape evolves, comprehending…
The U.S. Securities and Alternate Fee (SEC) mentioned on Nov. 20 that it has filed prices towards the cryptocurrency alternate Kraken. The regulator accused Kraken of working an unregistered securities alternate, dealer, seller, and clearing company. It alleged that Kraken has introduced in tons of of tens of millions of {dollars} of income since 2018 by illegally facilitating the acquisition and gross sales of securities with out registering with the SEC, as is required by legislation. The SEC moreover mentioned that the corporate’s failure to register has prevented prospects from receiving protections corresponding to regulatory inspections, safeguards towards conflicts of…
The potential approval of a spot Bitcoin ETF in the United States has stirred considerable attention in recent weeks. Dan Morehead, CEO and founder of Pantera Capital, has now shared valuable insights on this matter in his latest “Blockchain Letter”, emphasizing the unique circumstances surrounding this event. Morehead challenges the traditional Wall Street mantra, “Buy the rumor, sell the news,” questioning its relevance in the current spot ETF context. He reflects on how this adage played out historically, specifically citing the CME Futures launch and Coinbase’s public listing. Both instances exhibited significant price surges in the BTC market before their…
DWF Labs has partnered with MovieBloc, which will facilitate the company’s consistent promotion of the innovative platform’s development. DWF Labs is widely recognized as a global leader in the production of digital assets. In addition, it makes investments at multiple levels in Web3. MovieBloc is an innovative platform that is facilitating a paradigm shift in the distribution of independent and short films through the implementation of blockchain technology.This time around, the organization will advance its prior comprehension and reestablish its full attention on the restructuring of the film industry through the development of a sophisticated and decentralized platform. The objective…
CryptoFees data shows that Bitcoin daily fees averaged $10.65 million from November 16 to November 18, surpassing Ethereum’s average fee of nearly $7 million for the same period. Until 2024, the US Securities and Exchange Commission (SEC) is deferring decisions on several Bitcoin ETF applications, despite the market’s increasing optimism about the approval of a spot Bitcoin exchange-traded fund (ETF) in the US. This hesitation has coincided with a remarkable surge in the top crypto’s average transaction fees, soaring over 1,000% to reach a peak of $18.67 on November 16, according to BitInfoCharts data. The average daily transaction fees for…
In a recent analysis, a crypto market expert has discovered key elements that could trigger a massive surge in the Bitcoin price. Crypto Expert Reveals Bitcoin Price Surge Catalyst Head of Research at CoinShares, James Butterfill has published an in-depth analysis of a revelation that could catalyze a significant increase in Bitcoin’s price. Butterfill’s research delves deep into the present dynamics of the crypto market surrounding the potential approval of Spot Bitcoin ETFs and the inflows that could follow. Using an analysis by Galaxy, Butterfill deduced that if 10% of the $14.4 trillion addressable assets within the US were to…
The machine learning algorithm at CoinCodex has taken a crack at the Bitcoin price and predicted where the asset’s price could be both over the short term and the very long term. If the predictions are anything to go by, then the price of Bitcoin is at one of the lowest points it’ll ever be in the next seven years. Very Bullish For Bitcoin Price In The Short Term The predictions from the machine learning algorithm for the Bitcoin price, especially in the short term, are very bullish. These predictions ranging between five days and one month show where the…
Manta Network has announced that Capx will soon join the ecosystem of Manta Pacific, further shedding light on releasing a prize pool for select activities. Manta Network will now support the incentive layer of the internet.Capx is an ideal candidate for development because it can bridge the gap between two different segments, namely crypto projects and community building. Projects coming up on the list are more likely to be in their early stages, as the announcement clarifies that the support is for emerging crypto projects. Furthermore, this is all supported by Capx’s capability to utilize the IOU token model.It is…
In a historical moment for both the nation and the crypto community, Argentina has ushered in a new era by welcoming its first-ever pro-Bitcoin President. Argentina Elects Pro Bitcoin President On November 19, Argentina released the results of its presidential election. Reports of the election results reveal that right-wing libertarian and Bitcoin advocate, Javier Milei won almost 56% out of 90% of votes counted. While his rival candidate, Minister Sergio Massa garnered 44% of the votes. The momentous victory positions Milei as the face of a new era in Argentina, marked by his stated commitment to solving inflationary problems in…