Author: NBTC

With Bitcoin (BTC) still struggling to surpass and stay above the critical psychological price level of $60,000, experts foresee a possible breakout in the near future. Notably, crypto analyst TradingShot suggested in a TradingView post on August 12 that Bitcoin is likely to reach $170,000 by early 2025. According to his analysis, Bitcoin (BTCUSD) has seen a significant decline over the past two weeks, leading to a critical test of the 50-week moving average (1W MA50), a key indicator that has only been tested once during a bull cycle. Despite the recent sharp drop, which triggered panic and widespread liquidations,…

Ethereum price started a recovery wave from the $2,400 zone. ETH is now struggling to gain pace for a move above the $2,600 resistance zone. Ethereum started a recovery wave above $2,500 and $2,550. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair must stay above $2,485 to start another increase in the near term. Ethereum Price Attempts Recovery Ethereum price remained stable above $2,400 and attempted a recovery wave like…

Hong Kong-based firm IDA has secured $6 million in seed funding to accelerate the launch of its first fiat-referenced stablecoin. IDA, a Hong Kong-based digital asset company, has raised $6 million in seed funding led by CMCC Global’s Titan Fund and Hashed to develop its first fiat-referenced and regulated stablecoin HKDA. In a press release on Sept. 2, the stablecoin issuer announced that the funding round also saw participation from several other investors, including Hack VC, Anagram, GSR, and Protagonist, in addition to angel investors, such as Solana co-founder Raj Gokal. Additionally, IDA has partnered with blockchain foundations like Solana,…

Ripple is working with more than 50 Japanese banks to develop a completely new payment infrastructure powered by distributed ledger technology. Japan is one of the world’s most cash-loving nations, making digitization of payments a national agenda, and Ripple is positioning itself as a prime partner for this initiative. Digital payments have become dominant globally, fuelled by the 2020 COVID pandemic where physical contact was highly discouraged. In the developed world, the share of digital payments can be as high as 95% in countries like China and Norway. However, Japan remains an outlier, with cash dominating payments in the Asian…

Posemesh announces a groundbreaking partnership with NuNet, a decentralized compute and orchestration platform. This partnership aims to develop the industry by combining advanced spatial computing technologies and decentralized infrastructures. NuNet shared this thrilling news on its official X account, sharing both firms’ common goals and dedication to driving innovation and building the future together. Big Announcement 📣We’re thrilled to announce a groundbreaking partnership between The @Posemesh and #NuNet! This collaboration sets new industry standards in spatial computing by combining decentralized infrastructure with cutting-edge technology.🧠 Discover how we’re… pic.twitter.com/SxFVTs88zH — NuNet (@nunet_global) August 30, 2024 New technologies emerge in the industry…

According to data from Bitcoin Magazine Pro, there are 1,012,650 Bitcoin addresses that contain 1 BTC or more. This represents more than 1 million BTC potentially taken off the market and held by strong hands, a significant portion of the 21 million BTC that will ever exist. Demand continues to rise as U.S. spot Bitcoin ETFs collectively hold over 901,000 BTC, while MicroStrategy, a major corporate Bitcoin holder, owns 226,500 BTC. Additionally, MicroStrategy plans to raise $2 billion to buy more Bitcoin, further emphasizing the trend of institutions buying and holding substantial amounts of BTC, tightening the available supply as…

Ethereum (ETH) remains consolidated within the $2.6K range. ETH’s fear and greed index suggests a sentiment of fear in the market. The overall crypto market displayed mild dips in market cap and trading volume throughout the week. Bitcoin (BTC), the largest cryptocurrency, has stepped into bearish turns, trading below $59K. The largest altcoin, Ethereum, endured a sturdy month, witnessing critical losses with its price dipping to $2.2K. Notably, ETH witnessed modest price dips in the past day. The daily price chart shows the token’s struggle to keep the price from sliding below $2.5K. ETH managed to trade at $2,512 while…

Coins.ph, a digital asset exchange in the Philippines, is pushing its campaign for Web3 and financial literacy and inclusion following a year of notable progress in its decade-long history. The company expanded globally with the launch of Coins.xyz and introduced new products and platform enhancements. These updates include a redesigned user interface (UI) for the app, the introduction of the pioneering Philippine Peso stablecoin, PHPC and the addition of Rewards Hub, an in-app loyalty and rewards program. Furthermore, Coins.ph has increased its digital currency offerings, supporting over 100 tokens. The use for cross-border payments Jen Bilango, the Country Manager of…

An analyst subjects XRP to a comprehensive analysis using a document called “XRP Liquidity Cheat Cheet.” The document claims that XRP can sufficiently handle a daily payment volume of $1 trillion at a price range of $100-$500; however, others express doubt. Ripple’s XRP has been flagged as a highly undervalued asset as its utility in cross-border payments has triggered bullish sentiments among market players. Its potential was highlighted in a 2023 report by Oliver Wyman and JPMorgan, where Ripple and XRP were mentioned as entities that could help unlock the $120 billion trapped in cross-border payments. Notable Mention of Ripple’s…

Polygon and DapDap have collaborated to develop a transaction environment that is highly straightforward, safe, and consistent across several AggLayer-connected chains. DapDap will create a custom, unified UI for multiple AggChains – bridging the gap to mainstream adoption via chain abstraction. 🤜🤛@DapDapMeUp has joined the list of contributors building the AggLayer.DapDap will create a custom, unified UI for multiple AggChains – bridging the gap to mainstream adoption via chain abstraction: https://t.co/jBVMCLCJCI — Polygon | Aggregated (@0xPolygon) August 30, 2024 DapDap is here to change the way users work with Ethereum Layer-2s, EVMs, and the on-chain environment as a whole. DaVinci…