Author: NBTC
Bitcoin price is still struggling to settle above the $68,000 resistance. BTC is now consolidating and might drop again toward the $63,500 support. Bitcoin price is struggling to clear the $68,000 and $68,500 levels. The price is trading above $66,000 and the 100 hourly Simple moving average. There is a key rising channel forming with resistance near $68,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline and trade toward $63,500 support zone. Bitcoin Price Faces Hurdles Bitcoin price recovered most losses and settled above the $65,000 level. However, BTC seems…
Safe, a frontrunner in smart wallet infrastructure provision, celebrates a significant milestone, surpassing the safeguarding of over $100 billion worth of digital assets within its smart accounts.— This achievement coincides with the platform boasting more than 6 million active accounts and facilitating over 30 million transactions. In response to this impressive growth trajectory, Safe has appointed Julian Grigo as Head of Institutions and Fintech. His primary objective is to accelerate the adoption of Safe’s advanced account abstraction stack.An Expert from the Banking Sector Takes the LeadJulian Grigo brings extensive experience to his new role, having served as Managing Director at…
Avalanche has transformed into an interconnected network of multiple chains, facilitated by an exceptional communication system that imparts the illusion of a unified chain, following the implementation of Teleporter. Avalanche’s conventional messaging protocol and Avalanche Warp Messaging (AWM) have been integrated into the Teleporter framework. The interface is designed with developers in mind, facilitating the transmission and reception of cross-chain EVM messages. Avalanche blockchains possess the capability to exchange any type of information with one another via Teleporter. Information regarding tokens, NFTs, and Oracle price feed data will be amenable to effective communication. By this outcome, both developers and consumers…
In response to President Biden’s State of the Union Address, U.S. Senate Candidate John Deaton, a supporter of Ripple‘s XRP, delivered a scathing critique of incumbent Senator Elizabeth Warren. He highlighted a perceived failure to address key issues facing Massachusetts and the nation. Moreover, Deaton asserted that Washington is in dire need of change and criticized Warren’s tenure as epitome of stagnation. XRP Advocate John Deaton Spotlights Elizabeth Warren’s Inefficiency “Tonight, we saw yet again why people are starving for change in Washington,” declared Deaton, emphasizing the frustration with the status quo. He argued that Warren, once perceived as a…
Deribit data show activity in the $200,000 strike bitcoin call, which is nearly three times the cryptocurrency’s going market rate. Options open interest has soared to record highs alongside bitcoin’s price rally. Animal spirits seem to have returned to the market, spurring a 2021-like interest in bitcoin (BTC) options that would pay off if the cryptocurrency’s price tripled in the coming months. On Friday, the Deribit-listed bitcoin call option at the $200,000 strike price had a notional open interest of over $20 million. The strike price is almost three times bitcoin’s going market rate of $67,000. Of the total tally,…
Federal Reserve Chair Jerome Powell tried to offer assurances in a Senate hearing that a CBDC wouldn’t be built in the U.S. in a way that gave the government an ability to spy on people. Powell said the Fed isn’t close to any digital dollar recommendation. Even if the Federal Reserve were close to recommending a central bank digital currency (CBDC) in the U.S., Chair Jerome Powell told lawmakers that the Fed has zero interest in a system in which it would have a view into user data. “We’re nowhere near recommending – or let alone adopting – a central…
In a significant move, an early whale investor in Shiba Inu (SHIB) has made waves by transferring a staggering 200 billion SHIB tokens to exchanges within the last five days, according to Etherscan data. This massive transfer, equivalent to a whopping $5 million, comes as the investor continues to hold a substantial 2.8 trillion SHIB, valued at approximately $87.64 million. The mysterious whale’s journey with Shiba Inu began four years ago when they exchanged 10 ETH, then valued at $3,500, for a staggering 15.277 trillion SHIB tokens. Over the years, the investor has been actively involved in trading the meme…
Senator Cynthia Lummis is collaborating with Senator Kirsten Gillibrand to draft regulations for stablecoins, aiming to provide clarity and investor protection in the cryptocurrency market. The Bill Purpose: The bill seeks to regulate stablecoins, cryptocurrencies pegged to real-world assets to maintain stable prices. Stakeholder Involvement: Feedback from various stakeholders has been positive, with technical assistance provided by the New York Department of Financial Services, the Federal Reserve, the Treasury Department, and the National Economic Council. Legislative Background Previous Efforts: This is not the first time Lummis and Gillibrand are working on cryptocurrency-related legislation. In July 2013, they collaborated on legislation…
Just below the all-time high of $69,000, the Bitcoin price has shown more volatility in recent days, only to now tread water around $67,000. But this boredom could soon be over. Following the recent price movements, a notable pattern has emerged on the Bitcoin (BTC) price chart, as recognized by the seasoned crypto analyst Josh Olszewicz. Bitcoin Price Rallye To $76,000 Next? An inverse head and shoulders (iH&S) pattern, often seen as a bullish indicator, has formed on the Bitcoin 1-hour chart, suggesting a potential upward price movement. This pattern, while admittedly imperfect as per Olszewicz, is considered tradeable in…
An active commentator in the XRP community has presented arguments to debunk claims that Ripple has been manipulating the price of XRP. Being the largest XRP holder, Ripple has often come under fire due to allegations that it might be manipulating the cryptocurrency’s price. These claims recently resurfaced when a crypto researcher called attention to documents detailing how the firm used bots to trade XRP. Notably, Ripple leveraged trading bots from GSR for its past institutional sales of XRP. Some community members have argued that these sales have contributed to XRP’s historical underperformance. However, Ripple CTO debunked these claims, further…