Author: NBTC

Ether’s (ETH) market cap has shed approximately one-third of its value in bitcoin (BTC) terms in just 12 months. Even worse, it’s been an embarrassing seven years since ETH last rallied to a new high against the world’s leading crypto. During the early months of Ethereum’s initial coin offering (ICO) in 2017, ETH rallied to an all-time high of approximately 0.15 per bitcoin. It hasn’t surpassed that level since. Even in 2021, amid several positive catalysts for ETH investors, it only hit 0.088 per BTC. That was a commendable comeback from its September 2019 low of 0.016 but still 42%…

Hong Kong‘s crypto activity in the securities industry has generated a revenue of $77 Million Yuan in the first quarter of 2024.The Hong Kong Securities and Futures Commission has released the “Financial Review of the Securities Industry”, which revealed that the total net profit of the Hong Kong securities industry for the six months ending June 30, 2024 has seen further growth. The review report shared that for the first time the securities industry’s ‘virtual asset trading activities’ have incurred a total of 77 million yuan in revenue in the Q1 of 2024. The review report also disclosed that the…

This week, Shiba Inu (SHIB) may spiral into a bullish rally on the heels of a scheduled event featuring Shyoshi Kusama, the ecosystem’s lead developer. This update comes amid sideways movement in SHIB’s price in the past week. Shytoshi Kusama at 2024 Blockchain Futurist Conference Shiba Inu’s head marketer, Lucie, stated in an X post that Kusama will give a talk at the 2024 Blockchain Futurist Conference. According to the details, Kusama will present at the WonderFi Main Stage today, Aug. 13, between 5:05 p.m. and 5:20 p.m. EDT. The Blockchain Futurist Conference 2024 is returning for the sixth year…

Prosecutors and the defense alike argued Caroline Ellison should be sentenced to time served—and without her, the scale of Sam Bankman-Fried’s crimes may never have been uncovered. Caroline Ellison was a key member of Sam Bankman-Fried’s inner circle, turning into a star witness against him during a high-stakes trial last year. Ellison was the former CEO of Alameda Research, the sister trading firm of FTX, which collapsed in 2022 after a multibillion-dollar black hole emerged in the exchange’s finances. A damning investigation later revealed that FTX customer funds had been used to make risky bets without the customers’ knowledge, with…

Ethereum continues revolutionizing decentralized applications and blockchain innovation with its proven platform and smart contract capabilities. With key upgrades like the London hard fork, Ethereum sets the standard for scalability and economic growth in crypto. Ethereum Continues to Drive Decentralized Innovation Current price:$2,551.53 Market cap:$307.0B Ethereum is a decentralized app and open-source, proven blockchain platform. This platform went live in 2015, founded notably by Vitalik Butetrin and others, and by the time of its initial coin offering, it further offered 311 unobtained dollars per ether. Furthermore, the present value of Ethereum’s return on investment is now above 270%, convincingly illustrating…

American politicians who support the crypto industry spoke out at the Bitcoin 2024 conference held in Nashville from July 25 to 27. The crypto.news editorial team attended the event and collected the main topics voiced at the conference. Table of Contents U.S. to become the world’s crypto capital Purchasing 1 million BTC for the U.S. Daily Bitcoin purchase Bitcoin at $13 million by 2045 Bitcoin privacy issues Minimal interest in cryptocurrencies Final Words U.S. to become the world’s crypto capital Presidential candidate Donald Trump mainly touched on topics related to the election campaign but also spoke directly about Bitcoin (BTC).…

The dYdX Foundation has announced the integration of the famous Phantom Wallet. As per dYdX, the integration substantially enhances the accessibility of the DeFi protocol by introducing a simplified pathway to the large consumer base of Phantom to interact with dYdX. Hence, consumers can enjoy an unparalleled trading experience because of this integration. dYdX Chain’s Collaboration with Phantom Facilitates More than 7M Users with a Simplified Trading Experience As dYdX Chain mentioned, Phantom joins the roster of dYdX including the compatible non-custodial wallets. They take into account Keplr, OKX Wallet, Coinbase Wallet, and MetaMask among others. Apart from that, the…

Ethereum’s positive cycle in a bear channel aims to reach $3,000 with a bullish pennant in the 4-hour chart. With a bullish trend in the broader crypto market, Ethereum is scaling new heights and preparing to hit an overhead trendline. The bull run in the biggest altcoin continues despite the minor selling spree observed earlier this month. Will this recovery run in Ethereum result in a falling channel breakout run above $3,000? Bull Cycle In Ethereum’s Falling Channel With a bullish trend in Ethereum, the ETH token has increased by 13.54% in the past seven days. Currently, the token is…

The Federal Reserve’s recent decision to cut interest rates has sparked renewed optimism in financial markets, particularly among cryptocurrency investors. The crypto market, which has been struggling to recover, saw Bitcoin prices rise ahead of the Fed’s announcement, fueled by hopes that lower rates could bolster digital assets. However, questions remain on whether these rate cuts, coupled with the anticipated Bitcoin halving event, will provide the much-needed boost to the broader crypto markets. Bitcoin’s Response to Rate Cuts Bitcoin, the world’s largest cryptocurrency, surged above $60,000 for the first time since last month as the Federal Reserve began its two-day…

Paraguay launches Blockchain Chamber, promoting sovereign blockchain innovation for government, finance, commerce, civil, and military applications. Legaledger, built on Hyperledger and Besu, eliminates transaction gas fees for military and legal operations under law 6.822/21. Paraguay has taken a significant step in the blockchain arena by establishing the Paraguayan Blockchain Chamber, aimed at fostering financial innovation on a sovereign blockchain. The chamber’s spokesperson and director, Ricardo Prieto, discussed the initiative’s main focus: developing blockchain solutions for both public and private sectors, including government, finance, commerce, civil, and military ecosystems. The project, named Legaledger, is built on the Hyperledger and Besu platforms,…