Author: NBTC

The leading cryptocurrency, Bitcoin, has performed tremendously in 2024 following the approval of spot Bitcoin ETFs in January, reaching a new ATH of $73,600 in March. However, BTC could not break out of the downtrend it entered after ATH, and the rally that investors were waiting for never came. While analysts say that the approaching US elections and Donald Trump’s possible victory will be good for Bitcoin and cryptocurrencies, the decline in the copper-gold ratio does not give good signals for Bitcoin. Speaking to Coindesk, analysts said there are several bullish signals for Bitcoin, including support and possible victory from…

The price of Ethereum (ETH) reached a high of $3,441 on November 12. The largest altcoin entered the overbought zone when it was rejected at $3,400. Long-term analysis of the Ethereum price: bullish Ethereum has retraced from its recent high to the support at $3,100. The retracement stopped above the $3,100 support as Ether started to consolidate again. This suggests that the cryptocurrency could be on its way up. On the upside, a breakout above the $3,400 resistance will drive Ether to new highs of $3,800 and $4,100. However, selling pressure will set in if Ether falls back and breaks…

French state-owned bank Caisse des Dépôts has issued a €100 million ($108 million) digital bond, which will be settled in France’s pilot wholesale central bank digital currency (wCBDC). The digitally native notes were issued on the Euroclear’s digital financial market infrastructure (D-FMI). This infrastructure enables users to issue, distribute, and settle digital bonds on decentralized ledger technology (DLT). It taps into Euroclear’s traditional settlement platform, offering access to mainstream trading venues and other liquidity management facilities. Its one-day settlement process is a significant improvement from the traditional setup, which takes multiple business days. In October last year, the World Bank…

A crypto whale who recently made substantial purchases in tokens like Pnut, FRED, and OPK is facing steep losses as the market downturn continues. Over the past three days, the investor spent 13,642 SOL, equivalent to approximately $2.22 million, accumulating these tokens. However, the whale’s holdings have now declined by around $1.44 million, a staggering 65% loss. A whale spent 13,642 $SOL($2.22M) to buy $Pnut, $FRED, and $OPK over the past 3 days and is currently down ~$1.44M.Spent 7,142 $SOL($1.16M) to buy 14.46M $Pnut, now showing a loss of $553.4K (-48%).Spent 4,500 $SOL($736K) to buy 69.88M $FRED, now showing a…

MANTRA Chain has announced the successful completion of a rigorous security audit conducted by Hacken, a leading cybersecurity firm specializing in blockchain technology. This audit marks a significant milestone in MANTRA Chain’s commitment to delivering a secure and compliant platform for managing real-world assets on the blockchain, aligning with evolving regulatory standards. The comprehensive audit by Hacken Club, a respected entity in blockchain security, focused on assessing MANTRA Chain’s security protocols, identifying potential vulnerabilities, and ensuring the platform’s resilience. This audit was a critical step for the MANTRA Chain, which aims to provide a secure and reliable infrastructure for RWAs,…

Bitcoin is showing strong signs of a bullish recovery, with its price approaching the key $70K resistance level. Buyers are focused on breaking this critical threshold, aiming for a new all-time high by the end of the year. Technical Analysis By Shayan The Daily Chart Bitcoin’s price action on the daily chart reflects a significant bounce after finding support within the 0.5 ($56K) and 0.618 ($52K) Fibonacci retracement levels. This support zone has repeatedly halted bearish attempts and has acted as a base for buyers to re-enter the market. The surge in buying pressure has allowed Bitcoin to reclaim the…

Ethereum’s (ETH) price peaked at $3,443 on Tuesday and has since witnessed a correction. It currently trades at $3,063 at press time, losing 3% of its value over the past 24 hours. With waning bullish sentiments, the Ethereum coin price risks a potential dip toward the $2,900 price level. This analysis explains why this scenario may play out in the short term. Ethereum Traders Reduce Activity A corresponding drop in trading volume has accompanied Ethereum’s price decline over the past few days. Over the past 24 hours, its trading volume has totaled $35 billion, dropping by 25%. A price drop…

The crypto markets fell after Federal Reserve Chair Jerome Powell said on Thursday that the central bank is not “in a hurry” to cut interest rates. Powell, in a recent address, stated that the U.S. Federal Reserve does not need to be “in a hurry to lower rates.” The Fed decreased its benchmark borrowing cost by a quarter percentage point last week, and traders expect it to cut rates similarly in December. Federal Reserve Chairman Powell said that the current economy has not sent any signals that require us to rush to cut interest rates. The current strong momentum of…

Hamster Kombat, a well-known game based on the Telegram platform; however, lately, its user activity and token prices have significantly declined. New reports suggest that the active account numbers have drastically reduced from a record high of 300 million in August to a mere 41 million, thereby implying an 86% decline. This drastic shift is crucial concerning its ability to maintain its user base and rank among the world’s gaming platforms. Telegram-based game Hamster Kombat has seen a drastic drop in user engagement, with active accounts plummeting from 300M in August to 41M. Its token, $HMSTR, has also dropped 76%,…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Online food deliveries are projected to grow to $1.85 trillion by 2029—and that’s good news literally for nobody, from restaurants to everyday foodies. Seriously, the web2 food delivery industry is one of the most broken things out there, a prime example of how a middleman barges in to make things harder for everyone. As it happens, this makes for a perfect use case for web3 and decentralized physical infrastructure networks, more precisely, one putting web3 at the…