Author: NBTC

Tokenized investment platform Elmnts has launched on Solana, aiming to make it easier for traders to invest in a range of funds backed by mineral rights royalties. Mineral rights royalties are a form of passive income generated by companies that extract resources such as oil or gas from fund-owned properties. Energy market analytics company RBN Energy estimates that mineral and royalty interests amount to $700 billion. Qualified retail and institutional investors can browse tokenized mineral rights-based funds, invest in them and review their portfolio’s performance directly on the platform, Elmnts said Tuesday in a statement. The company said funds on…

Bitcoin price started a decent increase above the $56,500 resistance. BTC is now struggling to clear the $58,000 resistance and is consolidating gains. Bitcoin is attempting a fresh increase from the $52,500 support zone. The price is trading above $56,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $56,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain pace if it clears the $58,000 and $58,200 resistance levels in the near term. Bitcoin Price Faces Resistance Bitcoin price started a decent increase after…

XRP community figure Anderson shares a vital document from the SEC v. Ripple lawsuit, showing that the regulator recognizes speculation’s role in driving XRP utility. According to Anderson, the SEC understands that speculative trading and speculators are essential in starting up XRP “flywheel,” which enables the token to be integrated into Ripple’s products. How Speculation Drives XRP Utility and Price Notably, Anderson attached a document from the Ripple lawsuit to corroborate his claim. Per the document, the SEC cited an email Ripple CEO Brad Garlinghouse sent to board members on April 9, 2017. Per the SEC, Garlinghouse told Ripple’s board…

A new star in the world of blockchain-based systems, CoreDAO, the bridge between Ethereum and Bitcoin, increased the number of active users by 64% within a month. By October 21, 2024, CoreDAO had over 308,000 active users, which shows that more people are beginning to see some value in the platform. Also, the level of activity of platform transactions has increased by 21%, equal to 868000. .@Coredao_Org, a blockchain ecosystem bridging Ethereum and Bitcoin, saw a 64% rise in active users, now surpassing 308K, and a 21% increase in transactions, reaching 868K.Its dApp volume also surged 43%, reaching $119M in…

Crypto analyst Thomas has provided his Bitcoin price prediction for 2030 based on whether Donald Trump or Kamala Harris wins the US presidential elections. Crypto has become a major talking point ahead of the elections, and experts like Bernstein analysts have also suggested that the winner of the polls will determine Bitcoin’s future trajectory. What The Bitcoin Price Will Be By 2030 If Trump Or Harris Wins Thomas mentioned in an X (formerly Twitter) post that Bitcoin will reach $1 million by 2030, whether Donald Trump or Kamala Harris wins. The analyst suggested that the outcome of the US presidential…

Bitwise CEO Hunter Horsley has explained why he believes recently launched spot Ethereum exchange-traded funds (ETFs) have seen significantly lower trading volumes and inflows compared to their Bitcoin counterparts. In an Oct. 21 post on X, Horsley acknowledged that Ethereum ETFs have underperformed but pointed out that the funds from his firm, BlackRock and Fidelity, are still among the top 25 fastest-growing new ETPs this year. SoSoValue data shows BlackRock’s ETHA has attracted $1.45 billion in net inflows, while Fidelity’s FETH and Bitwise’s ETHW have seen inflows of $498 million and $321 million, respectively. Overall, data shows that the Ethereum…

Chainlink has launched CCIP Private Transactions, a new privacy-preserving feature powered by blockchain technology that aims to enable financial institutions to maintain data privacy, integrity, and regulatory compliance when conducting cross-chain transactions. In its announcement, Chainlink said the development addresses pressing privacy concerns that have so far limited institutions’ participation in blockchain ecosystems due to the need for secure, private transactions. An early adopter of the technology is the Australia and New Zealand Banking Group (ANZ), which will pilot the capability as part of the Monetary Authority of Singapore’s (MAS) Project Guardian. The project focuses on cross-chain settlement of tokenized…

On Sept. 10, ITC Crypto founder and CEO Benjamin Cowen identified a wedge chart pattern this cycle similar to previous cycles in 2019 but several orders of magnitude larger. He said that the ETH/BTC structure bottomed after an interest rate cut in 2019, and it appears to be mirroring that pattern now with an impending rate cut due next week. The wedge that #ETH formed this cycle had higher lows that are ~10x of the 2019 wedge. In 2019, #ETH fell back into its wedge right before the 1st rate cut, just like 2024. After the first rate cut in…

On Oct. 21, 2024, ethereum holds steady at $2,706, sticking within a key trading zone after recently hitting a high of $2,769. Technical indicators across various timeframes paint a mixed picture, as oscillators suggest caution while moving averages still point to a largely bullish trend. As ether hovers between support and resistance, traders should stay vigilant for any shifts in price action. Ethereum Zooming in on the daily chart, ethereum’s uptrend capped at $2,769 before seeing a minor pullback. With the relative strength index (RSI) sitting comfortably at 63.5, the market isn’t signaling overbought conditions, though the potential for selling…

0G Foundation, a decentralized artificial intelligence (AI) technology platform, is getting ready to launch its node sale on November 11, 2024, according to the reports sent to Finbold on Tuesday, October 22. The node sale is envisioned as an important step in advancing the first decentralized AI Operating System designed for fully on-chain applications. 0G Foundation node sale The upcoming 0G Foundation node sale will allow the community to purchase nodes and become part of the decentralized AI operating system. With 32 node tiers and a starting price of 0.05 Ethereum (ETH) per node, the sale allows participants of all…