Author: NBTC

Bitcoin forms an inverse head and shoulders pattern, signaling a potential bullish reversal. The IHIS pattern’s target indicates a possible Bitcoin price rise to $88,000. Bitcoin’s recent price action aligns with this pattern, suggesting an imminent upward move. Bitcoin (BTC) has recently caught the attention of traders due to a classic technical pattern—the inverse head and shoulders (IHS). The IHIS is often considered a bullish reversal chart pattern by crypto analysts. The post below shows that BTC is breaking out of an inverse head and shoulders pattern. Additionally, the analyst suggests that this breakout might propel the price of BTC…

Leading altcoin Ethereum (ETH) is witnessing a resurgence in bullish sentiment. This comes at a time when Bitcoin’s (BTC) dominance is weakening, suggesting that investors are shifting their focus toward ETH and other altcoins. As ETH accumulation steadies, the coin could be setting the stage for trading above $2,900. Ethereum Leads, Bitcoin Follows Ethereum has surged 13% over the past week, outperforming Bitcoin, which has risen by just 6% during the same period. The ETH/BTC ratio has also continued its upward trend, increasing by 33% over the last seven days, indicating a growing preference for Ethereum over Bitcoin. As of…

Hong Kong’s securities industry saw increased profit in the first half of 2024, according to the Securities and Futures Commission (SFC) report. Securities dealers and margin financiers posted total net profits of HKD 19 billion ($2.44 billion) in the first six months of 2024. This is a 50% increase compared to the previous six months and a 29% growth year-on-year. The sector continued its upward trend, building on a 25% year-on-year increase in 2023. Total industry revenue remained relatively flat due to the rise in net commission income, underwriting fees, and trading profits. However, these gains were offset by declines…

Although Ripple’s legal dispute with the U.S. Securities and Exchange Commission (SEC) has concluded, it continues to attract attention. Prominent attorney John Deaton recently claimed SEC lawyers engaged in intentional misconduct during the lawsuit, saying they misled the court. SEC Misconduct Allegations Deaton stated in a recent interview that the SEC’s legal team crossed ethical boundaries, calling for the dismissal of those responsible. His accusations center on how the SEC handled the Ripple lawsuit, with claims that the commission’s legal team misrepresented key details. He argued that this behavior went beyond normal legal strategy and was unethical. Deaton’s remarks have…

Assetera, an investment and trading firm for blockchain-based financial instruments, has tapped Polygon to power its real-world asset platform. The Austria-regulated company holds both MiFID II and virtual asset service provider (VASP) licenses and plans to upgrade to meet MiCA standards. Assetera, an investment and trading firm for blockchain-based financial instruments, has tapped Polygon to power its secondary market real-world-assets (RWAs) platform. The platform offers tokenized assets, such as securities, funds and money market instruments in a regulated digital trading venue. Assetera will use Ethereum scaling network Polygon to secure transactions and utilize stablecoins for purchase, clearing and settlement to…

With Bitcoin (BTC) facing resistance at the $70,000 mark, a significant part of market anticipation is that the maiden crypto will maintain the current bullish momentum to target another record high. Amid the current price movement, crypto trading expert TradingShot observed in a TradingView post on July 29 that Bitcoin is demonstrating strong signs of entering an early parabolic rally. This pattern elevates speculation about Bitcoin’s potential to reach the coveted $100,000 mark. The expert suggested that Bitcoin’s price movements have historically adhered to a cyclical movement, with distinct phases of accumulation, consolidation, and parabolic growth. The ‘Parabolic Growth Channel’…

Ethereum’s bullish momentum has weakened after breaching the middle trendline of a multi-month descending channel, resulting in muted sideways price action. This consolidation phase could lead to a pullback, potentially setting up the stage for the next leg of the bullish trend. Technical Analysis By Shayan The Daily Chart Ethereum experienced a surge driven by increased buying activity in the perpetual and spot markets, breaking above the crucial $2.5K resistance level. This breakout signals buyers’ intent to push ETH toward its yearly high of $4K despite the prevailing bearish sentiment over the past few months. Currently, Ethereum’s price is consolidating…

Leverage Shares has launched the first leveraged and inverse exchange-traded product tied to the performance of MicroStrategy stock. These new investment products, now available on the London Stock Exchange, include the 3x Long MicroStrategy exchange-traded product (ticker symbol ‘$MST3’) and the 3x Short MicroStrategy exchange-traded product (ticker symbol ‘$MSTS’). For investors unfamiliar with ETPs, they are financial instruments that track the performance of an asset, such as stocks — in this case, MicroStrategy’s stock. The 3x long exchange-traded product allows investors to triple the gains (or losses) of MicroStrategy’s stock, while the -3x short exchange-traded product lets investors profit if…

Sept 24 (Reuters) – The U.S. Department of Justice sued Visa (V.N, opens new tab for alleged antitrust violations on Tuesday, accusing one of the world’s largest payment networks of suppressing competition by threatening merchants with high fees and paying off potential rivals. Visa processes more than 60% of debit transactions in the U.S., bringing it $7 billion each year in fees collected when transactions are routed over its network, the Justice Department said. The company protects that dominance through agreements with card issuers, merchants, and competitors, prosecutors allege. The bid to tackle the fees, sometimes known as swipe fees…

Ocean Labs, a prominent decentralized data exchange protocol, announces its new collaboration with Zero1 Labs to enhance the performance of AI solutions and data privacy. Zero1 Labs is known for empowering next-gen decentralized AI developers, and will now incorporate its expertise to enhance AI security. Both FinTech firms have intimated their user communities about this groundbreaking collaboration through social media X posts. Collab alert! 🚨 We’re teaming up with @Zero1_labs to empower the future of decentralized AI and data services! 🤝 What’s in it for you? With Ocean’s data tokenization and marketplace tech, Zero1 Labs projects can now securely access,…