Author: NBTC

Bitcoin failed to break above $70,000, and the Thinking Crypto podcast analyst connects this to the dollar currency index (DXY). The analyst identified a DXY surge over the past two months, explaining how the inverse correlation between the two influenced Bitcoin’s price. 🚨This is When Bitcoin & Altcoins Will PUMP! (Crypto Bull Run)WATCH ▶️ https://t.co/uA1AngeaTX#crypto #bitcoin #ethereum #altcoins #bullrun #xrp #solana #coinbase #base #ai #thinkingcrypto pic.twitter.com/BymifIdchV — Tony Edward (Thinking Crypto Podcast) (@ThinkingCrypto1) October 28, 2024 Despite the DXY’s significant rise since September, Bitcoin demonstrated resilience by avoiding a major decline. However, it stalled, unable to surge as many in…

Ethereum Breaks Key Resistance Levels After weeks of extended consolidation, Ethereum finally broke above the strong resistance at $2,800. This move signified the start of a bullish trend, pushing prices above the psychological level of $3,000. Ethereum peaked at approximately $3,440, demonstrating renewed investor confidence in the cryptocurrency market. ETH/USD 1-day chart – TradingView This breakout was supported by a broader market rally, including Bitcoin’s remarkable surge above $90,000. Bitcoin’s performance often serves as a market indicator, and its new ATH further fueled Ethereum’s upward momentum. The Role of Consolidation and Market Sentiment Ethereum’s price action highlights the importance of…

The FED, which started the interest rate reduction cycle with a 50 basis point cut in September, cut rates by 25 basis points in November. As the FED prepares to announce its final interest rate decision for 2024 in December, expectations for a rate cut have diminished. In a statement yesterday, FED Chairman Jerome Powell said that there should be no rush to lower interest rates. Following Powell, Boston FED President Susan Collins also made warm statements. Speaking to the Wall Street Journal, Collins said another rate cut was on the table in December, but that the decision to cut…

The Cardano Foundation is inking strategic partnerships with different industry giants. The protocol is pushing for decentralization in a pioneering move in Web3. The Swiss-based non-profit Cardano Foundation works to promote Cardano adoption as a public digital infrastructure of the future. The Foundation recently showcased Cardono’s utility across several industries to solve some pain points. Cardano Solving Real-World Issues The Cardano Foundation posted a thread on the X platform describing several case studies of public infrastructure utilizing the blockchain. For instance, the Foundation collaborated with Georgia’s National Wine Agency, the Bolnisi Winemakers Association, and Scantrust to develop the Georgian Wine…

The Blockchain for Good Alliance (BGA), a blockchain technology platform, recently hosted the Web3 Oscar event in Bangkok. Bringing together industry leaders, Web3 Oscars celebrated blockchain projects driving meaningful real-world change in alignment with the United Nations’ 17 Sustainable Development Goals (SDGs). 🌟 This is just the beginning of our journey 🌟Relive the magic of #BGAWeb3Oscar where innovators from across the globe united in Bangkok to reshape the future of blockchain for social good. ✨Thank you to everyone who made history with us – from speakers to judges to our… pic.twitter.com/5UyOGIqYE1 — Blockchain for Good Alliance (BGA) (@ChainforGood) November 13,…

Doctor Profit has made a bold prediction about Bitcoin’s future. He anticipates that Bitcoin will continue its sideways movement for another 43 days. This follows a lengthy period of stagnation that began in March, lasting 191 days. During this time, Bitcoin has fluctuated within a defined range, leading to emotional swings among traders. Market Interest Grows as Bitcoin Hovers Near 68k Back in March, a lot of people believed that Bitcoin would rise as soon as it got near 70k. However, this has not come to pass but Doctor Profit cautioned that it might take many years of sideways movement…

This is a segment from the 0xResearch newsletter. To read full editions, subscribe. Devcon Bangkok is seeing a lot of debates about Ethereum’s future. The latest keynote on the topic was Martin Koeppelmann of Gnosis, who spoke Friday on the event’s main stage. Wearing a Tornado Cash t-shirt, Koeppelmann challenged the status quo of layer-2 rollups, proposing that Ethereum should instead develop and deploy its own zk-proven rollups. Köppelmann emphasized the limitations of existing rollups such as Base, which he argued are bringing users not to Ethereum but to corporate-controlled platforms. “I have the highest respect for Jesse [Pollack] and…

A Norwegian task force has advised against the immediate adoption of a central bank digital currency. A Norwegian advisory committee has recommended against the immediate adoption of a state-controlled digital currency, Bloomberg reported, citing the committee’s findings submitted to Finance Minister Trygve Slagsvold Vedum. The report urged policymakers to focus on developing the necessary regulatory framework for a potential future rollout. The task force concluded that cash remains critical to ensuring accessible and secure payments but acknowledged that a “central bank digital currency may in the future be a relevant instrument for safeguarding these considerations.” Norway is among the most…

Aethir and XR Foundation have announced a new partnership to enhance the capabilities of decentralized gaming. This collaboration combines Aethir’s extensive decentralized computing network with XR Foundation’s blockchain-driven gaming platform. Through this strategic collaboration, both FinTech firms ensure the expansion of the gaming space and drive innovation within the Web3 gaming space. https://t.co/LQJqNm7XWT — Aethir Ecosystem (@AethirEco) November 5, 2024 Expanding Opportunities for Aethir Node Holders Aethir node holders will gain access to exclusive features on the XR One network, including an invitation to play Celeros, a high-stakes Web3 game designed to blend decentralized infrastructure with immersive gameplay. This opportunity…

Franklin Templeton’s OnChain U.S. Government Money Market Fund can now be traded on Ethereum. The fund is already available on several other blockchains, including most recently Base, Aptos, and Avalanche. Ethereum is by far the most popular pick among issuers, handling $1.6 billion worth of tokenized assets. Franklin Templeton has expanded the trading of its OnChain U.S. Government Money Market Fund (FOBXX) to the second largest blockchain by market cap, Ethereum (ETH). The asset manager has added a series of new blockchains to support the fund this year, including, most recently, Coinbase’s Base, Aptos, and Avalanche. It uses the Stellar…