Author: NBTC

Hunter Horsley, the chief executive of asset management firm Bitwise, forecasts a bullish uptrend for Bitcoin in the near future, despite the current crypto market crash. He believes that as the economic situation in the United States worsens, money currently “parked” in equities and traditional investments will flow into Bitcoin (BTC) as a safe haven. In an X (formerly Twitter) post, Horsley stated his belief that the Federal Reserve will continue to cut interest rates, which will further push the price of BTC higher. I think we will look back on today as the setting of the stage for an…

Federal Reserve officials are heading into their policy meeting on Tuesday with a lot of optimism, and some uncertainty too. Inflation is finally cooling off, edging closer to their 2% target. But the big question remains:- How much will they ease up on interest rates? Recent data shows price pressures have eased so much since the wild surge in 2021-22. 12-month consumer inflation is at its lowest since February 2021. Wholesale prices are also under control, suggesting that upstream costs aren’t pushing inflation anymore. So, what’s the holdup at the Fed? The debate intensifies With inflation numbers looking friendlier, the…

The beta testing of the Ripple stablecoin Ripple USD (RLUSD) on Ethereum and the XRP Ledger (XRPL) is showing progress. Notably, Ripple issued 185 RLUSD at 21:38 UTC as part of the beta testing, causing a stir among community members. This marked the first instance of an official issuance from Ripple during the beta testing. Ripple just issued 185 #RLUSD ! https://t.co/5x36laVRD1 pic.twitter.com/3Iv7T4lPmG — Vet 🏴‍☠️ (@Vet_X0) August 21, 2024 Following the transaction, questions were raised about transaction fees and the role XRP would play in relation to RLUSD. Vet responded by emphasizing that the transaction fees were minimal and…

Base Blockchain, the layer-2 network launched by Coinbase in 2023, is doing well as the ‘crypto winter’ continues. Nansen data shows that the network’s number of users is growing and beating many blockchains like Avalanche (AVAX), Polygon (POL), and Cronos (CRO). The number of active addresses jumped to a record high of over 1.964 million, up from the year-to-date low of 196,000. Base network active addresses | Source: Nansen Another number reveals that the number of transactions handled by Base Blockchain has jumped to 4.8 million, up from January’s low of less than 300,000. Meanwhile, the number of daily deployments…

Ethereum’s (ETH) price depends on holding the critical $1,900 level to prevent a potential decline. This level will decide if ETH gains upward momentum or faces further downward pressure. With the market’s current condition, the next moves for the altcoin will hinge on whether it can surpass this key threshold or succumb to a decline. Ethereum Realized Price Breakdown Could Trigger a Drop According to the Market Value to Realized Value (MVRV) pricing bands, which often signal extremes in unrealized profits or losses, Ethereum’s mean Realized Price currently stands at $1,911. This level is critical for the altcoin’s future performance,…

A crypto trader reportedly lost around $1.13 million in funds by investing in Maker ($MKR). He lost this significant amount in less than 50 days. He bought 1,100 $MKR worth $2.91 million at $2,643 on the 17th of July 2024 and sold recently at $1,613, suffering a major loss of $1.13 million. Lookonchain, an on-chain analytics firm, shared the stats through its official X account. Lost $1.13M in less than 50 days!This trader bought 1,100 $MKR($2.91M) at $2,643 on July 27 and deposited it to #Biance at $1,613 5 hours ago to sell, resulting in a $1.13M loss (-40%)!https://t.co/L5iM7RjHRx pic.twitter.com/10OVuGc2ZQ…

Recently, crypto community members unearthed a “prophecy” suggesting XRP could be a valuable investment opportunity. The supposed XRP prophecy came from Kim Clement, an acclaimed prophet and songwriter. According to those sharing the video, Clement originally commented in 2011, which predates even XRP’s existence. Prophecy Says XRP is a Profound and Worthy Investment In the video, Clement revealed that he had a dream in which he saw a symbol or entity starting with an “X” and containing a “P.” He described this vision as “very profound” and implied that the entity was worth investing in. Also, Clement mentioned that this…

CARV, the largest modular data layer for gaming and AI, announces the integration with LayerZero to improve cross-chain data movement in gaming and AI. This collaboration aims to enhance cross-chain communication and smooth movement of data in and out of blockchain networks, thus enhancing Web3. Exciting News! CARV is integrating with @LayerZero_Core to revolutionize cross-chain data mobility in gaming and AI 🌐This integration aims to enhance interoperability and empower seamless data transfers across blockchains, pushing the boundaries of what’s possible in Web3.… pic.twitter.com/OM1SEJHE6b — CARV (@carv_official) September 14, 2024 Empowering Seamless Data Transfers CARV, which specializes in modular data solutions,…

Bitcoin (BTC) has had a pretty rough recent timeline, with its price falling almost 13.9% in the last 24 hours. BTC is currently trading at $52,800, but it briefly dipped as low as $49,000 on the Binance spot market. Such a painful drop is in palpable contrast to the fact that just a week ago the main cryptocurrency was worth over $70,000. Of course, such a catastrophe of price action woke up every cryptocurrency skeptic, with Peter Schiff being the most vocal of them. In a series of posts, the latter emphasized the seriousness of the situation by pointing out…

While the NFT market has lost considerable steam since peaking two years ago, the marketplace Magic Eden has been reaching new heights on its own, according to CEO Jack Lu. “Even though the overall market has been a bit soft, the year has been pretty good for Magic Eden,” he said in an interview with Decrypt (video below). “2024 has actually been our best year ever.” When Magic Eden launched in September 2021, the NFT market saw $4.2 billion in JPEGs trade hands, according to CryptoSlam. At that time, Magic Eden was precluded from some of the NFT market’s buzziest…