Author: NBTC

Chinese cryptocurrency journalist and blogger Colin Wu has reported about Upbit, the largest cryptocurrency exchange in South Korea, adding two new meme coin pairs. PEPE and BRETT will be trading against the dollar-backed USDT coin. PEPE, BRETT pairs added by Upbit, price skyrockets Meme coin PEPE was launched in April 2023 on the Ethereum chain by a group of anonymous developers inspired by the popular Internet meme character Pepe the Frog. The coin quickly gained traction among investors and was added by major crypto exchanges, including the Binance behemoth. This meme coin brought a significant change into the cryptocurrency space…

Analyst and trader Kevin Svenson is saying that an indicator that has reliably foreshadowed Bitcoin (BTC) uptrends just flashed for the crypto king. In a new video, Svenson tells his 78,900 YouTube subscribers that the Relative Strength Index (RSI) indicator is exhibiting a pattern on the daily chart that has previously led to a major upward move for Bitcoin. The RSI indicator is a momentum oscillator that’s used to determine whether an asset is oversold or overbought. “Most of the time when we break out of this daily RSI downtrend, the RSI comes back, hits it as new support and…

Robbie Mitchnick, Head of Digital Assets at BlackRock, shared insights into the firm’s crypto strategy. BlackRock has been developing its approach for much longer than many might realize. Mitchnick discussed BlackRock’s journey, Bitcoin’s role as an asset, ETFs, and the future of digital assets. A Long Road to Public Adoption Mitchnick revealed that BlackRock’s interest in crypto began as early as 2016, although the firm didn’t consider the asset class “ready for prime time” at the time. This marked the beginning of BlackRock’s crypto journey, quietly building capabilities before making larger public moves. “The evolution really started to accelerate in…

According to a recent RippleX announcement, the XRPL testnet has been successfully reset, with Testnet DEX content, accounts, balances and settings deleted. The reset, which was triggered on Aug. 19, 2024, at 3:00 a.m. EST improves efficiency and testnet stability, while also lowering the cost of operating a testnet node. The XRPL Testnet has been successfully reset as planned today – all Testnet DEX content, accounts, balances, and settings have been deleted. The reset improves efficiency and reduces the cost of running a Testnet node.Stay tuned for updates on long-term Testnet improvements.… https://t.co/6H3wUPUUHv — RippleX (@RippleXDev) August 19, 2024 As…

In a video released on August 2, popular pseudonymous analyst and trader Crypto Jebb provides an in-depth analysis of the current bearish indicators in the Bitcoin market and what they mean for the future of the cryptocurrency. Introduction Jebb notes that Bitcoin has recently experienced a significant drop, falling to $64,000 and further to a local bottom of $62,000. This decline was anticipated due to several bearish indicators that have been flashing over the past few days. Source: TradingView Key Technical Indicators Bearish MACD Cross One of the primary technical indicators Jebb highlights is the bearish MACD (Moving Average Convergence…

Capstone Technology, a UAE-based blockchain and AI company has raised $5.45 million to fund the development of its GAYA blockchain project. The project aims to create a network for entrepreneurs in gaming, AI, and entertainment. Capstone Technology plans to use the funds to manage technological assets, develop Web3 applications, expand regionally and improve its platform. Sustainable Digital Economy Solutions The United Arab Emirates (UAE)-based blockchain and artificial intelligence (AI) company, Capstone Technology, recently secured $5.45 million (Dh20 million) in its initial funding round. The funds will support the development of the GAYA blockchain project. According to a statement, the project…

Most meme coins are up as the sector wakes after Tron released its own version of Pump.fun. In turn, market favorites Pepe (PEPE), Dogwifhat (WIF), and Brett (BRETT) have all leaped in value. The biggest winner on the day is Sundog (SUNDOG) the largest meme coin launched through SunPump, the Pump.fun competitor launched by controversial Tron creator Justin Sun. Within days of launching, the token has broken past a market cap of $178 million and is up 124% over the past 24 hours. No other token launched by the new protocol has come close to Sundog with FoFar (FOFAR) in…

Matrixport’s latest report reveals a positive forecast for Bitcoin in the fourth quarter of 2024. According to the report, despite the difficulties encountered in the third quarter, Bitcoin’s trading range has gradually narrowed, setting the stage for a potential breakout. The report attributes this optimism to FED interest rate cut expectations, positive seasonal factors and the upcoming US presidential election. The report states that the Fed left interest rates unchanged. However, FED President Jerome Powell stated that a rate cut may be possible at the September meeting if inflation continues on the predicted path. Matrixport’s inflation model also predicts a…

Spot Bitcoin exchange-traded funds in the United States experienced a slowdown in net inflows on Sept. 16, while spot Ether ETFs saw outflows again as bears dominated the market sentiment yesterday. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged net inflows of $12.9 million, 95% lower than the $263 million inflows recorded the previous trading day. BlackRock’s IBIT, the largest BTC ETF, led the lot again with $15.8 million in inflows after 10 days of no positive flows seen by the fund. Fidelity’s FBTC followed with $5.1 million flowing into its fund. Notably, the ETF was the…

The investment aims to diversify Floki Inu’s assets. Floki Inu recently became the official partner of Nottingham Forest F.C. Floki Inu has recently introduced a new DAO proposal, recommending a $200,000 investment from its treasury into Simon’s Cat Token. This proposal signifies a strategic move aimed at expanding Floki Inu’s investment portfolio and supporting promising new projects in the crypto space. According to the official Floki Inu page, the investment is intended for participation in the private sale of Simon’s Cat Token. This early-stage involvement is designed to capitalize on the token’s potential for significant returns. Simon’s Cat Token, a…