Author: NBTC

Capo of Crypto, a bearish analyst who creates controversy in the cryptocurrency world with his statements, talked about Bitcoin, which experienced a slight decline in its chart, in his latest analysis. Chart with hourly candles showing the slight decline in the BTC price in recent hours. Bitcoin price recently climbed to $ 52,800, creating a local peak and reaching a price not seen in a long time. However, in the same period, il Capo added in his statement that he expected a 10-15% decrease from this level. In his new statement today, the analyst stated that he first disposed of…

MakerDAO, issuer of the DAI stablecoin, has seen a notable shift in the composition of its balance sheet as a result of the combination of macroeconomic events and surging crypto markets. The latest data from the DAO’s Digital Asset-Liability Committee (ALCO) shows that crypto-backed loans — that is, DAI issued against crypto collateral like ether — once again represent more than 50% of total assets, for the first time since May 2022. For most of 2023, Maker’s public credit portfolio — think US T-bills — dominated the protocol’s revenue, as Federal Reserve rate hikes pushed interest rates on short term…

SBINFT, which is behind the largest non-fungible token (NFT) marketplace in Japan, has launched a new NFT marketing platform known as SBINFT Mits to bring global brands into the NFT industry. The company seeks to make it easier for global brands to market themselves through NFTs while unlocking unique customer benefits. SBINFT to help global brands leverage NFTs in marketing SBINFT is launching SBINFT Mits as a platform to bring Web2 and Web3 companies together through NFT projects. The platform seeks to build a loyal following inspired by digital collectibles. SBINFT Mits will simplify the NFT project management system through…

Bitcoin looks to be stuck in a consolidation zone between $50,000 and $52,000, with neither the bulls nor the bears succeeding in completely taking control of the trend. This performance has sparked a number of speculations on whether the BTC price has finally found a local top. One of those who have speculated on the price direction is crypto analyst Alan Santana, who has used the Elliot Wave Theory to predict where the price of the cryptocurrency might be headed next. Elliot Wave Points To Correction To $31,800 In the analysis shared by Alan Santana on TradingView, the Elliot Wave…

Digital payments in the Middle East may soon undergo a significant transformation. This is all thanks to the latest collaboration between Mastercard and the local Egyptian bank, Al Baraka. This collaboration aims to elevate the banking experience in Egypt by introducing new products and services focused on digital payments. A New Mastercard Partnership for Digital Payments in Egypt Through the collaboration with Mastercard, Al Baraka Bank aims to expand its financial services, attract new customer segments and meet diverse customer needs with tailored offerings. According to Abdel Aziz Samir, the Deputy CEO of Consumer Banking at Al Baraka Bank, this…

Ripple CTO David Schwartz has responded to circulating claims that the company suppresses XRP price with programmatic sales using trading bots. The XRP community is no stranger to whispering rumors that Ripple suppresses the price of XRP by conducting large-scale sales. Key factors contributing to these speculations include Ripple’s substantial XRP holdings and the perceived sluggishness in XRP’s growth. These rumors recently gained increased prominence as emails purportedly documenting a conversation from 2017 regarding Ripple’s programmatic sales of XRP came to light. The documents had been in public circulation since last year, supposedly used as exhibits in the SEC vs.…

Bitcoin is poised to chart new territory following the success of recently approved exchange-traded funds (ETFs), and the price of BTC could eclipse $80,000 this year, says Bitwise Chief Investment Officer Matt Hougan. The early success of the Bitcoin ETFs has shattered records among similar products, sparking a continuous flow of funds into Bitcoin since mid-January. In an interview with Decrypt, Hougan said that Bitwise, which launched its BITB spot ETF alongside nine others on Jan. 10, expected there to be a lot of demand after years of hearing from clients expressing interest in this type of product. Even still,…

In the fourth quarter of 2023, the cryptocurrency market experienced a notable resurgence, accompanied by the anticipation of a potential Bitcoin ETF approval. Among the standout performers during this period was Fantom (FTM), a Layer-1 protocol launched in 2018. According to a recent report by Messari, Fantom witnessed significant growth, with its circulating market cap soaring by 140% quarter-over-quarter, from $0.5 billion to $1.3 billion. This performance surpassed all cryptocurrencies’ overall market cap growth at 54% in Q4. Additionally, Fantom climbed up the market cap rankings, ascending five spots from 63 to 58 by the end of the quarter. FTM’s…

Bitcoin Ordinals project Taproot Wizards delayed the mint of its ‘Quantum Cats’ collection for a second time, after halting the process mid-sale on Monday amidst persistent technical issues. The sale is now set to resume Feb. 1. Initially the project had said it would resume the process on Tuesday. The planned sale of around 3,000 digital cats, designed to honor a Bitcoin improvement proposal known as OP_CAT, kicked off with a two-hour window for “whitelist” buyers at 17:00 UTC Monday, but the project’s Discord channel soon filled up with complaints and screen grabs from users who said they were getting…

The new bitcoin spot exchange-traded funds mark the brink of an era that will see trillions pour into tokenization. The moment BlackRock filed its iShares Bitcoin Trust application with the US Securities and Exchange Commission, it was obvious it would get approved. The evidence was on page 36 of the 111-page filing, which references the “surveillance-sharing agreement” between NASDAQ and a US BTC Spot Market Platform (read: Coinbase). Add to that BlackRock’s 575-1 ETF application approval record, and the writing was on the wall. But the SEC was also explicit about its real concerns with crypto market manipulation. Manipulation related…