Author: NBTC
After a spectacular ascent to record highs, Bitcoin (BTC) is facing a reality check. The past week has seen a dramatic price correction, leaving investors wondering if this is a temporary setback or a sign of a more bearish future. The world’s most popular cryptocurrency reached an intraday low of $64,620 on March 17th, a significant drop from its recent peak above $73,000. This pullback has triggered a wave of pessimism, with analysts pointing to declining profitability and a drop in daily active addresses on the network. Bitcoin down in the last week. Source: Coingecko A Bearish Shadow Looms According…
The market cap of a widely-used stablecoin, the USDt, has grown to an impressive $107.3 billion, confirming the unparalleled significance of this instrument on the digital currency scene. Currently, in multiple emerging online markets in which it operates, USDt has become the most popular digital dollar. It is also a savior for millions of people suffering from a collapse in the value of their national currencies. Saturday’s thought.$USDt reached 107.3B market cap.Today USDt is the most used digital dollar in many emerging markets.Hundreds of millions of people that live in countries subject to the fast devaluation of the local currency…
Crypto commentator Ben “Bitboy” Armstrong has identified XRP alongside Bitcoin among cryptocurrencies that he believes investors cannot go wrong with investing in them. Armstrong expressed this view recently on X, where he outlined seven cryptocurrencies that he believes are virtually foolproof investments. These include XRP, Bitcoin, Ethereum, Solana (SOL), and SUI. In parallel, Armstrong pointed out the specific factors that underpin his unwavering confidence in these select digital assets. Coins that CANNOT lose:$BTC bc c’mon$ETH bc digital silver/ETF$SOL bc VC Pump Coin$SUI bc Actual Best Blockchain$XRP bc end of case +IPO$PYTH & $ONDO bc I know more than I should…
Amid the upcoming SEC closed-door meeting, speculations of a potential settlement of the multi-year Ripple lawsuit have emerged. This comes after the regulatory commission revealed a closed-door meeting scheduled for today, April 11, 2024, at 02:00 PM (ET). Although the agenda of the meeting remains undisclosed at press time, XRP community members speculate that the regulatory commission could discuss various matters, including the potential settlement of the Ripple lawsuit. Prominent crypto enthusiast JackTheRippler first called the community’s attention to the development, stirring rumors about a potential settlement. 🚨BREAKING: The SEC “closed meeting” is coming closer. 🚨RUMORS: SETTLEMENT! #XRP pic.twitter.com/wVo9c6Ozug —…
A recently released inflation report has led to a significant shift in expectations regarding the Fed’s interest rate cut schedule. The March inflation report caused a major shift in forecasts by sell-side banks and other Fed watchers, according to Wall Street Journal reporter Nick Timiraos. Previously, many people predicted that interest rates would be cut as early as June. But now the consensus has changed and many think the first rate cut will not happen until the third quarter of this year. There has also been a significant shift towards expectations of just one or two rate cuts this year.…
Leading DNS domain provider D3 Global has expanded its payment options to include Shiba Inu and BONE on Shibarium as part of its latest upgrade. Amid the growing adoption blockchain and Web3 have witnessed over the years, proponents have begun securing custom-made blockchain-based domain names. D3 Global stands out as a domain name service provider actively facilitating this move. The firm provides domain name services to individuals looking to secure Web3 domain names. However, most recently, its latest upgrade now makes provision for payments in Shiba Inu and Bone ShibaSwap (BONE), the governance token of the ShibaSwap ecosystem. D3 disclosed…
South Africa has started licensing crypto firms, with Luno among the first batch of companies to receive regulatory approval. Regulators in the country have said around 60 firms are set to receive approval by April. Crypto exchange Luno received a license from South Africa’s financial regulator, the company said Thursday, becoming one of the first crypto entities to be regulated in the country. In a statement, the company said it received approval as a financial product under the Financial Advisory and Intermediary Services Act, 2002 (FAIS). Luno PTY LTD now appears on FSCA’s registry of authorized entities. The South African…
Standard Chartered increased its year-end bitcoin price forecast by 50% to $150,000. The bank also predicted BTC will reach a high for the cycle of $250,000 during 2025 before settling around $200,000. The ether price could climb to $8,000 by year-end if a spot exchange-traded fund is approved in the U.S. Standard Chartered (STAN) raised its year-end forecast for bitcoin’s (BTC) price to $150,000 from $100,000. The bank also predicted BTC will reach a high for the cycle of $250,000 next year before settling around $200,000, according to an emailed investment note on Monday. Standard Chartered based its analysis on…
Around 70% to 80% of transactions in the crypto secondary market transactions occur between crypto assets and stablecoins. The South Korean government’s welcoming stance, coupled with the high popularity of crypto assets in the country, are among the reasons why the won is now the second most-used fiat currency. Decline in 2021/2 Crypto-to-Stablecoin Volumes According to the latest analysis by the European Securities and Markets Authority (ESMA) of the crypto asset market structure, approximately 70% to 80% of secondary market transactions occur between crypto assets and stablecoins, with no involvement or use of fiat currencies. While this is often the…
TON started life as a project by Telegram but was picked up by members of its community after the messaging app abandoned it due to legal action from the SEC. Native token Toncoin was largely unmoved immediately following the announcement. The stewards of the TON ecosystem have formed a partnership with HashKey Group, the parent company of the Hong Kong-licensed crypto exchange of the same name. One of the aims of the partnership is to increase provision for on- and off-ramping of crypto and fiat to Asia-Pacific users of the wallet service in messaging app Telegram. The TON blockchain started…