Author: NBTC
Jerome Powell, Chairman of the Federal Reserve, recently made statements that may have significant implications for financial markets, including cryptocurrencies. Powell signaled on Thursday that an interest rate reduction may not be too far off if inflation signs cooperate. Powell reaffirmed this week that officials were still waiting for additional evidence that the economy, particularly inflation, was slowing before dropping rates, but that there was not much more to go. Powell stated that inflation is “not far” from reaching the level required for the central bank to begin reducing interest rates. “I think we’re in the right place,” Powell said…
COTI introduces groundbreaking blockchain encryption and showcases COTI V2 advancements. Djed stablecoin hits 800% protocol ratio, pausing SHEN minting temporarily. Strong participation in airdrop poll reflects robust community support. COTI, the innovative blockchain platform, has been bustling with activity, and the team is thrilled to present a comprehensive recap of their recent ventures in the latest COTI Roundup Blog. From engaging X Spaces sessions to showcasing key use cases of COTI V2 and Djed’s protocol ratio hitting an impressive 800%, the blog provides an insightful overview of the platform’s recent strides. A lot has been happening here at COTI, and…
Figment Europe Ltd, a provider of institutional staking infrastructure, and Apex Group are planning to list two new exchange-traded products (ETPs) on the SIX Swiss Exchange on 12 March. The “Figment Ethereum Plus Staking Rewards” ETP will trade under the ticker symbol “ETHF” and the “Figment Solana Plus Staking Rewards” ETP will trade under the ticker “SOLF” once live. The products are fully backed by Ethereum and Solana, respectively, using Figment’s staking infrastructure. Both ETPs will be issued with Issuance.Swiss AG — the products will give access to staking rewards through traditional brokers or banks allowing conservative institutions to hold…
Ethereum price rallied toward $3,850 before crashing. ETH followed Bitcoin, but the bulls are now active near the $3,350 support zone. Ethereum traded to a new multi-month high above $3,800 before crashing. The price is trading near $3,500 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support at $3,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its increase if it clears the $3,600 resistance zone. Ethereum Price Takes Major Hit Ethereum price extended its rally above the $3,650 level, like Bitcoin. BTC surged and…
DCG boss Barry Silbert proposed a merger between Genesis and Gemini to the latter’s co-founder, Cameron Winklevoss, during a lunch meeting in Oct 2022. The combined company would be exciting to investors, making it possible to raise $500-$1 billion and take the company public in 24 months, Silbert wrote in an email. Silbert’s emails to his team seems to undermine some of the Winklevoss twins’ claim in the ongoing lawsuit, a spokeswoman for DCG said. In a drastic bid to avoid impending collapse, Barry Silbert, the CEO of Digital Currency Group (DCG), suggested a merger between his lending firm Genesis…
XRP community member Sherrie debates Ripple’s alleged manipulation, sparked by trading bot allegations. Cherry distinguishes manipulation from causation, defending Ripple’s XRP sales. Legal scrutiny and the judge’s ruling minimise Ripple’s perceived influence on XRP’s price. A member of the XRP community who goes by the name of Sherrie has ignited a debate on X, challenging allegations that Ripple has manipulated the price of its XRP token. Sherrie replied to an accusation that Ripple has employed trading bots to manipulate the price of XRP. A 🧵 to understanding ‘manipulation’ versus ‘causation’ If you’re interested in the facts then read on as…
Robinhood, the online brokerage firm, launched its 24-hour trading platform called the “Robinhood 24 Hour Market” last year, enabling retail investors to trade stocks and ETFs around the clock, five days a week. Now, the platform has recorded a total overnight trading volume exceeding $10 billion since its launch. According to Robinhood’s recent report, the platform has experienced a significant shift in trading patterns, with a notable increase in trading activity outside traditional market hours. On the busiest days, as much as 25% of the total daily trading volume has occurred during the overnight session, highlighting the growing demand for…
The primary cryptocurrency stood still for a few days after this week’s massive volatility, but the bulls are back in control and pushed it to a fresh all-time high of over $70,000. Ethereum’s native token mimicked BTC’s performance by soaring past $4,000 and dumping just as hard minutes later. Bitcoin’s current week is going in a highly volatile fashion. The asset skyrocketed to under $69,000 on Monday and went above that line on Tuesday to break its 2021 ATH. However, the bears took control and pushed it south hard in the following hours. As a result, BTC slumped to under…
Maker Dao, the body responsible for the development of the MKR token, has passed a new Executive Vote to bring new changes that will wade off any form of demand shock from the massive embrace sparked by the current bull rally. Maker DAO and the Proposed Changes Earlier on Friday, Maker DAO unveiled its plans to put forth a proposal for accelerated approval of a stablecoin stability measure should some users decide to withdraw a part of the $1.1 billion worth of Real-World Assets (RWA) that are available for redemption on the protocol. While there is currently no tilt or…
Ethereum jumped over $3,800 Wednesday morning, hitting its highest price since the end of 2021. At time of publication, the Ethereum price has pulled back slightly, trading at $3,796.53, up 2.8% on the day, per data from CoinGecko. The cryptocurrency last traded over $3,800 on December 29, 2021, according to the price tracking site. The cryptocurrency’s price surge comes as staked Ethereum hit over $116 billion earlier this week, up 9% since the start of the year. Today, 31,320,207 ETH are currently staked, worth over $119 billion at ETH’s current price, per data from beaconcha.in. Ethereum’s positive momentum also comes…