Author: NBTC

Bitcoin’s price currently holds steady coasting between $67,945 to $68,149 in the last hour as sellers maintain their grip, with technical indicators and moving averages showing mixed signals for traders. Bitcoin On the daily chart, bitcoin (BTC) has experienced a pullback after reaching a peak around $73,600, now settling close to $68,149. Recent daily candles display a reversal pattern marked by strong selling pressure, forming a bearish outlook. Key support sits around $67,500 to $68,000, while resistance holds firm at the recent high of $73,600. Volume analysis reveals elevated selling activity, suggesting that bearish sentiment may persist unless new buying…

As the 2024 U.S. election approaches, investors are channeling hefty sums into bonds and bitcoin, signaling a clear shift in asset preferences, CNBC reports, citing Bank of America credit strategist Yuri Seliger. Ahead of the 2024 Election, Investors Favor Bonds and Bitcoin in Strategic Shift According to the CNBC report, Yuri Seliger noted a substantial increase in bond purchases this past week, with investments surpassing $6 billion in “high-grade” bonds—the highest level in two months. He added that high-yield credit funds are also seeing an influx, spurred largely by exchange-traded funds (ETFs). Meanwhile, equity funds saw minor outflows during the…

In a recent poll of the Cardano community, participants were asked to consider how a 20 million ADA monthly budget should be allocated, with two proposals put forward: one to build a Rust node requirement for 11 million ADA, and another to implement the Leios protocol for 12 million ADA. It is worth mentioning that Charles Hoskinson, the figure who created Cardano, took notice of the discussion. He threw his support behind the Leios protocol over the Rust node and explained how important this is for the future of the network. The Leios protocol is a new and exciting way…

Tornado Cash developer Roman Storm’s upcoming criminal trial has been pushed to April instead of a previously scheduled December start date, a New York judge ruled Friday. The four-month delay will allow the parties time to hash out a disagreement over expert witness disclosures that began last month, when Judge Katherine Polk Failla of the Southern District of New York (SDNY) ordered the parties to swap information about the expert witnesses they might call upon to testify in the upcoming trial. Storm’s legal team, led by Brian Klein at Waymaker LLP, pushed back against Judge Failla’s order in an Oct.…

Algorand has recently signed a revolutionary deal with World Chess to revolutionize the chess industry by incorporating blockchain solutions. Since the beginning of the partnership, this alliance has provided fantastic results, with daily transactions of 200,000 and over 211 million transactions since June 2020. This is not only a triumph for Algorand but also showcases how blockchain technology can further augment digital ecosystems for people worldwide with seamless and secure financial interactions. Algorand’s partnership with @theworldchess drives 200,000 transactions per day and has driven over 211 million transactions since June 2020 📈But what is the partnership with World Chess all…

According to recent data from Google Trends, interest in the search term “bitcoin” has nudged upward, showing a modest rise after hitting notably low points over both the five-year and 90-day views. Bitcoin Interest Makes a Comeback Interest in the search term “bitcoin” has picked up since the recent price uptick, with a notable rise starting around Oct. 27. On a 90-day scale, global data shows the term hit a score of 51 out of 100 on Oct. 30. Google Trends measures search interest on a relative scale from 0 to 100, tracking terms over time and by location. During…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. US equities opened higher Friday morning, clawing back some of Thursday’s losses that saw the Nasdaq Composite and S&P 500 indexes drop 1.8% and 1.2%, respectively. The selloff was led by tech stocks, triggered by disappointing outlooks from giants Meta and Microsoft, both of which reported after the close yesterday. Both Meta and Microsoft beat expectations on some earnings metrics, but you wouldn’t know that looking at the share prices. Analysts attribute Thursday’s drops (-4% for Microsoft and -3% for Meta during after hours trading) to…

Flare Network, an EVM-based layer 1 blockchain, has rolled out Flare Time Series Oracle version 2 (FTSOv2) on its mainnet, aiming to enable faster and more diverse data access for developers and users while maintaining a strong focus on decentralization and security. The FTSOv2 is an upgraded version of the original Flare Time Series Oracle created to provide accurate, timely, and decentralized price feeds for collateral assessments, lending protocols, and trading dApps. The team said that the original system “has experienced zero downtime or failures” since its inception. Building on that solid foundation, FTSOv2 now introduces several core enhancements in…

Ethereum infrastructure developer Consensys has filed its response to the U.S. Securities and Exchange Commission’s claims of federal securities law violations, adding to its lawsuits against the agency. The SEC previously accused Consensys’ crypto wallet, MetaMask, of operating as an unregistered broker and securities issuer. Consensys fully refuted the SEC’s allegations, criticizing the agency and its chair, Gary Gensler, for what it described as an unconstitutional attack on the decentralized finance ecosystem. Its court-submitted reply reaffirmed its stance and dissatisfaction with the SEC’s lawsuit. This action is just the latest step in the SEC’s recent campaign to seize control over…

Since the beginning of the partnership, this alliance has shown fantastic results, with 200,000 daily transactions and over 211 million transactions since June 2020. This is not only a triumph for Algorand, but also a demonstration of how blockchain technology can further expand digital ecosystems for people around the world through seamless and secure financial interactions. One of the benefits of this partnership is the improvement of chess ratings. World Chess, a site built for the game with over 800,000 users and hosting around 20,000 games daily, has emphasized the importance of reliable and provable ratings and titles. Algorand’s blockchain…