Author: NBTC

Ethereum (ETH) remains consolidated within the $2.6K range. ETH’s fear and greed index suggests fear sentiment in the market. As in the mid of August, Ethereum (ETH), has witnessed significant bearish momentum over the past weeks. This largest altcoin struggles to break through the oscillating price range and chooses to consolidate within $2,600-2,700. Last week on August 5, ETH declined to its seven-month low at the $2.1K range. Gradually, it recovered from the dip and traded above $2.5K. Over the last 24 hours, ETH has slipped down by 0.24%. At the press time, ETH traded at $2,614 with a market…

Umami Finance integrates Chainlink Data Streams to enhance liquidity provider experiences on Avalanche. The integration includes ETH/USD, LTC/USD, DOGE/USD, BTC/USD, and XRP/USD data streams. Umami Finance has announced the integration of Chainlink Data Streams on the Avalanche (AVAX) blockchain. Umami Finance, a leader in refining yield strategies, was among the first to use this industry-standard, low-latency Oracle solution. This strategic initiative intends to improve liquidity providers’ (LPs’) experience by increasing the accuracy and timeliness of trades completed by Umami’s GM vaults on Avalanche. We’re excited to announce that Umami, a leader in refining yield strategies, is among the first to…

The upcoming US election and the prevailing political developments have garnered great attention in the crypto industry, especially concerning the leaders’ diverse approaches to crypto. The latest development in the spotlight is the rivalry between Republican Senator candidate John Deaton and Senator Elizabeth Warren in the Senate race. In a recent X post, James Murphy, known as MetaLawMan on X, shared a comment on Senator Warren’s anxiety over her position in the election rally. Criticizing her controversial Anti-Crypto Army, Murphy stated, “She should be worrying about the voters of Massachusetts who are tired of her pro-inflation, pro-illegal immigration, anti-freedom agenda.”…

Equities are riding high thanks to a slowdown in U.S. inflation, pushing stocks closer to record levels. As the Federal Reserve eases off the inflation brake, investors are piling into the market, sending equities soaring. But while Wall Street is popping champagne, the crypto market is left out in the cold, caught in a web of uncertainty and missed opportunities. According to QCP analysts, the easing inflation has breathed new life into the stock market. Investors are growing more confident as inflation slows, leading to a surge in equities. The sentiment isn’t just local either. Central banks like the Reserve…

Ethereum is on the brink of a crucial test as recent data indicates a potential continuation of its downward trend. In a recent update, crypto analyst Ali Martinez highlighted a key support zone between $2,300 and $2,380 for Ethereum. The analyst revealed that within this range, approximately 1.62 million addresses collectively held 50.38 million ETH at the time of the update. The significance of this support zone lies in the large volume of ETH held by these addresses. It represents the largest cluster of buyers who entered the Ethereum market after the $2,200 level to $3,000. For comparison, in the…

Polkadot’s Hyperbridge enables seamless communication between multiple blockchain networks using advanced cryptographic proofs and decentralized relayers. Hyperbridge’s coprocessor model reduces on-chain verification costs by performing off-chain computations, enhancing transaction speed and efficiency. Hyperbridge’s chain-agnostic nature allows developers to create applications that interact seamlessly with any blockchain, promoting widespread adoption. Polkadot has launched Hyperbridge, a groundbreaking concept that promises to transform blockchain interoperability. 1/7 🧵 Introducing Polkadot Hyperbridge: @hyperbridge_ is the ultimate solution for blockchain interoperability.Imagine seamless communication between Polkadot, Ethereum, BNB chain, Base…, powered by cutting-edge cryptographic proofs and decentralized relayers. pic.twitter.com/tabQoSxNL6 — dablock.com (@DaBlockDAO) July 7, 2024 The technique…

In the past week, Judge Analisa Torres put an end to the Ripple-SEC lawsuit, imposing a $125 million penalty and prohibiting Ripple from breaching securities law in the future. The penalty fell short of the SEC’s $2 billion target, causing XRP to rise more than 20%. Given that the SEC earlier tried and failed to file an appeal in the Ripple case before Judge Torres’ final judgment, speculations are building on whether the agency might likely again attempt to appeal the ruling, including the issue of secondary sales and the penalty. In a discussion on X (formerly Twitter) regarding the…

For the week ending Aug. 17, Bitcoin price continued its shaky action, even as low consumer inflation signaled an upcoming dollar supply glut and the S&P 500 Index rallied. The latest U.S. consumer inflation readout gave the Fed more ammo to justify a big rate cut in September. That’s bullish news for Bitcoin, because more dollars against the same supply of BTC is a recipe for price gains. Meanwhile, stocks are up again and closing in fast on their July record levels. That might indicate that investors have their feet back under them after the flash crash at the beginning…

Ethereum (ETH) has captured the attention of investors this month with its sharp price movements. As of August 16, Ethereum is trading around $2,576, following a significant rally earlier in the month. This upward momentum saw Ethereum climb from $2,200 to $2,770, marking a remarkable 31% increase in just ten days. However, the road ahead for Ethereum is fraught with both bullish opportunities and bearish risks, making its price outlook for the end of the month particularly intriguing. In this context, Finbold has leveraged ChatGPT-4, OpenAI’s most recent and advanced AI chatbot model, to offer insights into how Ethereum is…

The crypto market is experiencing significant selling pressure these days. This turbulence has affected major cryptocurrencies, including XRP, which has dropped to its lowest price point since March 2023. In response to the community’s growing concerns about the price collapse, Ripple’s chief technology officer, David Schwartz, addressed the issue by emphasizing XRP’s utility rather than its investment potential. Schwartz explained that the current price enables users to acquire enough XRP to facilitate a payment for precisely the worth of the cryptocurrency. He stressed that this underscores XRP’s primary function as a medium of exchange, which facilitates fast and cost-effective cross-border…