Author: NBTC

Top Analyst predicts Ethereum price to surge 92% in the next 16 days. Ethereum drops 4.45% to $3,632 post-ETF approval, similar to Bitcoin’s past pattern. If $3,700 support fails, next key zone: $3,580 to $3,462, with 3.13 million addresses. The U.S. Securities and Exchange Commission (SEC) has approved eight spot Ethereum ETFs, sparking speculation and excitement within the crypto community. Drawing parallels to Bitcoin’s past performance, a prominent crypto analyst predicts a 92% surge in Ethereum’s price over the next 16 days from its current level of $3,632. ETH Price To Surge By 92% Following the approval, Ethereum’s price has…

Russia’s two largest unsanctioned metal producers have reportedly begun using Tether’s USDT stablecoin for cross-border transactions with Chinese clients and suppliers. Russian commodities giants have reportedly started using stablecoins to settle cross-border transactions with China as the U.S. Treasury Department previously made it clear it would impose secondary sanctions on lenders facilitating sanctions evasion. As Bloomberg reports, citing top executives at two Russian metal companies, the metal producers have turned to the USDT stablecoin and in some cases settle their trades through Hong Kong. While the volume of these trades remains unclear, the sources close to the companies claim the…

Cardano stands at the precipice of a significant breakthrough with the impending Ouroboros Genesis upgrade. This marks a pivotal moment in Cardano’s journey toward achieving full peer-to-peer (P2P) node operations, a goal that has been meticulously pursued by its dedicated community and developers. Peer-to-peer (P2P) networking is critical to blockchain’s long-term decentralization, security and resilience, allowing participants to communicate, synchronize data and reach consensus. The move from the existing hybrid model to full P2P networking for Cardano has been gradual; however, the transition is already underway. In March 2023, Dynamic P2P automated the peer selection procedure. The node v.1.35.6 update…

Ramp Network, a financial technology firm that is developing payment rails to link cryptocurrency to the global financial system, has announced that it is adding support for SEPA Instant bank transfers in Europe to its crypto-to-fiat off-ramp. Ramp is also expanding the number of local currencies it accepts for Visa and Mastercard payouts, to over 35 currencies. This will let users to sell cryptocurrency and have the proceeds deposited straight to their credit and debit cards in countries that accept it. In the realm of cryptocurrency-to-fiat off-ramps, Ramp Network has been a pioneer, offering over 40 tokens and a wide…

Orbs, a pioneer in Layer-3 liquidity protocols, has introduced Perpetual Hub, a new solution for on-chain perpetual futures trading, as per the latest info shared with Finbold on May 30. Unlike previous solutions that relied on order books and virtual liquidity mechanisms, Perpetual Hub aims to maximize capital efficiency and trading value through an intent-based model. Centralized finance execution in DeFi Developed in collaboration with SYMMIO and IntentX, Perpetual Hub leverages Orbs’ advanced L3 technology to bring centralized finance-level (CeFi) execution to the decentralized finance (DeFi) space, providing a comprehensive suite of tools to help traders optimize their on-chain perpetual…

Bitcoin price is holding gains above the $69,200 zone. BTC could gain bullish momentum if it clears the $70,800 and $71,250 resistance levels. Bitcoin is attempting another increase above the $70,000 zone. The price is trading above $70,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $70,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $71,250 resistance zone. Bitcoin Price Eyes Another Increase Bitcoin price attempted more gains above the $70,500 level. However, BTC struggled to…

Ethereum Classic (ETC) expanded to $33.13, growing by nearly 22% in a week. Since it is considered undervalued, ETC has a pattern of following Ethereum (ETH) rallies. The ETC price hike also arrived after the network launched a new native stablecoin. ETC accelerated its gains in the past few days, gaining momentum after months of limited price hikes. The coming days may bring additional attention to this token as its network prepares to halve its block reward. Ethereum Classic halving countdown. pic.twitter.com/iVL0paew45 — Ahmet Alırsatar | JW3 (@AhmetAlirsatar) May 23, 2024 The current block reward for ETC is 2.65 coins,…

Fuzhou-based commercial bank Industrial Bank (CIB), has unveiled a novel rewards system that enables users to earn carbon credit points through digital yuan (e-CNY) spending, according to a recent report from Cnfol.com, an online financial information platform. Through the bank’s mobile app, users can now accumulate carbon points for a range of transactions, from daily payments to fund investments and credit card repayments. As noted, this initiative is part of Industrial Bank’s broader strategy to foster a green consumption culture and enhance the digital yuan ecosystem. The bank, a forerunner in green finance, has successfully implemented digital yuan transactions for…

While interest in Solana (SOL)-based mem tokens has shifted to different areas, whales have also started to purchase different mem tokens. At this point, the legendary whale paulo.sol also turned his focus from WIF, BODEN and BONK to altcoins named PUPS and POPCAT. According to Lookonchain’s post, WIF made significant profits from BONK and BODEN and has now turned to different mem tokens. Accordingly, paulo.sol made a profit of $9.51 million in WIF, $7.04 million in BODEN and $6.28 million in BONK. Its total profit was $22.83 million. “What a legend! paulo.sol made a profit of $9.51 million on WIF,…

Senator Cynthia Lummis recently said the crypto market will play a significant role in the US economy unless the opportunity is squandered. Lummis, a vocal advocate for pro-crypto legislation, believes that recent victories in Congress signal a promising future for the sector. In recent years, pro-crypto lawmakers like Lummis have worked tirelessly to educate their colleagues about digital assets. She said in a social media post on May 29: “When I came to the US Senate, nobody knew anything about digital assets, no one knew the difference between Bitcoin (BTC) and alternative coins. So we’ve worked hard to educate members…