Author: NBTC

The FED minutes, which are followed by the cryptocurrency market and traditional markets, have been published. Here are the important quotes we at Bitcoinsistemi.com have compiled from the meeting minutes: Some participants said the Fed could pause its accommodative policy and keep the policy rate at a restrictive level if inflation remains high. Some participants noted that policy easing could accelerate if the labor market weakens or economic activity stalls. The minutes of the Fed’s meeting showed that many participants at the November 6-7 meeting said that uncertainty about the level of the neutral interest rate made it appropriate to…

A Bitcoin-focused company, BitcoinOS, recently launched a development that can theoretically bridge Bitcoin (BTC) to Cardano (ADA) and other blockchains. A faction of the Bitcoin community, however, is skeptical of the solution, going as far as calling it a “scam.” Finbold reported about it last week to understand how Cardano can tap Bitcoin’s $1.3 trillion liquidity as an L2. In particular, the Bitcoin influencer and podcast host Peter McCormack shared a related post, sounding “SCAM” alarms. He warned his over 500,000 followers, “Cardano wants your Bitcoin as nobody wants Cardano,” calling the project a scam. Despite receiving dozens of informative…

BlockSec has integrated Neo X support into Phalcon Explorer, its on-chain threat monitoring platform. BlockSec previously engaged with Neo to offer auditing services for the Neo X node implementation. Phalcon Explorer provides tools for visualizing fund flows, monitoring balance changes, and reviewing execution traces. The addition of Neo X support extends Phalcon’s capabilities to developers and users in the Neo ecosystem. Beyond its use as a blockchain explorer, Phalcon is designed to enhance protocol security. The platform detects and responds to vulnerabilities, such as hacks and financial risks, and can proactively prevent losses by front-running exploits. The BlockSec team is…

Charles Hoskinson, the prominent crypto entrepreneur behind Cardano, has said he wants to add decentralized finance (DeFi) features to Bitcoin. Looking back on his long history with Bitcoin and its foundational code, Hoskinson described his renewed focus on the cryptocurrency, viewing it as a chance to revisit its design and expand its potential. The idea is to create an ecosystem where users can interact with decentralized apps (dApps) by spending Bitcoin directly. Hoskinson thinks this could make things easier for users while also adding new features to Bitcoin’s existing setup. Bitcoin + DeFi = Cardano? One of the main things…

Ethereum (ETH) is currently facing significant downward pressure, with its price declining by 3% over the past 24 hours. This bearish trend could push ETH’s price below the critical $3,000 price level. This analysis examines the factors contributing to this likelihood. Ethereum Sellers Re-Emerge An assessment of the ETH/USD one-day chart has revealed that the coin’s moving average convergence divergence (MACD) indicator is forming a potential death cross. As of this writing, the coin’s MACD line (blue) is attempting to fall below its signal line (orange). This indicator measures an asset’s price trends and momentum and identifies its potential buy…

In a wide-ranging discussion, Minneapolis Federal Reserve President Neel Kashkari discussed the Fed’s monetary policy trajectory, the implications of President-elect Donald Trump’s proposed tariffs on China, and his ongoing skepticism toward Bitcoin. Kashkari said the Fed is committed to managing inflation and ensuring a strong labor market, regardless of political changes in the executive branch or Treasury appointments. Kashkari noted signs of a slight downward trend, with inflation hovering around 2.5%-2.6%, and noted uncertainties about the neutral rate, a level of interest rates that neither stimulates nor constrains economic growth. Kashkari, who spoke of a possible 25 basis point rate…

Gelios, an advanced blockchain entity, has announced a strategic collaboration with Merlin AI. The partnership focuses on advancing the capabilities of both platforms, promoting innovation in blockchain and AI technologies. The platform revealed this development on its official social media account. Gelios X Merlin AIWe’re thrilled to partner with @MerlinAIcoin, a platform leveraging GPU acceleration to optimize AI algorithms, enabling fast computation of complex neural networks.🔸 Expanding the Gelios network🔸 Seamless integration with Merlin AI🔸 Driving innovation… pic.twitter.com/eTDKzM3cye — Gelios (@GeliosOfficial) November 25, 2024 Gelios Collaborates with Merlin AI, Reforming the Crypto Solutions Driven by Artificial Intelligence The platform mentioned…

There has been a major uplift in the Web3 metaverse space, with several tokens recording significant highs in November. Here are some of the most notable developments in the metaverse crypto scene: Decentraland launched its official desktop app, The Sandbox hosted its biggest reward season, and Floki further delayed its highly anticipated metaverse game. Decentraland Launches Desktop Application The metaverse platform Decentraland launched its official desktop app in October – Decentraland 2.0. Previously, the platform was only accessible through a web browser. The desktop application was launched for both Windows and macOS, making the virtual world more accessible to users.…

Bitcoin is on the verge of breaking the $70,000 barrier as investors closely monitor the US presidential elections in two weeks. Bitcoin Nears $70,000 as US Presidential Election Approaches “The $70,000 mark represents a key psychological resistance point that lines up closely with Bitcoin’s all-time high set above $73,700 in March this year,” said Min Jung, an analyst at Presto Research. The upcoming November 5 presidential election is drawing attention to Bitcoin, which has become a mainstream political issue. “This is the first time crypto has entered the political conversation and gained the attention of a wider audience,” said David…

Aave, the leading decentralized finance (DeFi) lending and borrowing protocol, has integrated new oracles from Chaos Labs to automate its risk management system. This is the first time in the protocol’s history that DAO has approved the use of a second Oracle network beyond Chainlink. Aave is the biggest lending protocol with $18.44 billion in total value locked (TVL), according to DefiLIama. Generally, Oracles feed external data and information to smart contracts, including the prices of assets. Edge Risk Oracle To Enhance Aave’s Robustness According to the source, the oracles, known as Edge Risk Oracles, will enable real-time changes for…