Author: NBTC

A top crypto strategist thinks Bitcoin (BTC) and the crypto markets are due for another correction before seeing a sustained recovery. Pseudonymous analyst The Flow Horse tells his 223,400 followers on the social media platform X that markets often do not instantly reverse after an extreme correction. On Monday, Bitcoin dropped by as much as 15% to $49,000 before BTC bulls stepped in and pushed the price above $50,000. According to the analyst, it is more likely for markets to revisit lows before any recovery could take place. “After significant moves like this, we don’t often see a quick reversal…

While viewers and commentators might debate who won last night’s presidential debate between Donald Trump and Kamala Harris, Polymarket bettors hoping that they would reference Bitcoin under the national spotlight were undoubtedly losers. Bitcoin and cryptocurrency went unmentioned during Tuesday’s high-stakes matchup between the Republican and Democratic nominees, souring bets on crypto prediction market platform Polymarket in the process. Traders wagered approximately $217,000 and $502,000, respectively, on whether Trump or Harris would reference Bitcoin or crypto on the debate stage. Just before the verbal sparring began, Trump had a 26% chance of fulfilling that vision versus Harris’ 9% odds, according…

When Bitcoin (and blockchain technology) first emerged over a decade ago, it completely changed the financial landscape. There are many benefits to having a decentralized, transparent, and censorship-resistant ledger of value, but there are also some drawbacks, particularly the loss of anonymity and privacy. The date, time, and addresses associated with every Bitcoin transaction are permanently recorded on the blockchain for public inspection. Companies can even track the cryptocurrency and blacklist coins they believe are being used illegally. Because of this lack of anonymity, “privacy coins” have been developed. Monero is one of the most well-known of these coins, offering…

RootstockCollective has been unveiled as the first DAO on Bitcoin layer-2 Rootstock. The DAO will allow holders of Rootstock token RIF to earn voting rights through staking their tokens. NFTs arrived on Bitcoin last year. Then fungible tokens came to the oldest and largest blockchain – along with dozens of new layer-2 networks, and staking projects, too. Now, a decentralized autonomous organization (DAO) has been unveiled on Bitcoin layer 2 Rootstock, continuing the trend of concepts more commonly associated with the likes of Ethereum finding their way to the world’s oldest blockchain. RootstockCollective, the first DAO on the Bitcoin layer…

Similar to July, the August trade started on a huge bearish note. In the first week of August, all crypto assets face extreme bearish heat, with the star token, Bitcoin, plunging below $60,000 for a while. This shows that Bitcoin is approaching a “death cross,” a technical pattern where the 50-day moving average (SMA) falls below the 200-day SMA. This pattern is often interpreted as a bearish signal and can create panic among investors. However, it’s important to understand that such indicators are typically lagging and do not accurately predict future price movements. Watching the next price action would be…

Japan-based electronic commerce DMM Group and Progmat have begun a joint exploration into issuing a stablecoin. DMM.com, along with its affiliate DMM Crypto, is collaborating with Progmat to explore the issuance of a stablecoin. According to DMM’s press release on Aug. 23, the planned stablecoin will initially be integrated into the Seamoon Protocol, DMM Group’s digital economy project. The goal is to stabilize the Seamoon Protocol’s value, expand its token economy, and ultimately enhance the value of its native token. The rollout of the stablecoin will occur in three phases. First, the stablecoin will stabilize the Seamoon Protocol’s value. Second,…

Cross-chain swaps are getting a boost with the latest version of Squid, launched today. Squid 2.0 introduces a new architecture that abstracts away chains to simplify even complex transaction flows with multiple hops. The update includes performance and cost improvements, and expands Squid 2.0’s functionality into new areas such as 1:1 stablecoin transfers, real-world asset (RWA) transactions and advanced routing. This new approach goes far beyond finding the most efficient bridge routes, according to Fig, Squid’s co-founder. “We are a bridging tool in a certain way, but we think that we can change the way that swaps are also done,”…

On August 4, 2024, both Bitcoin (BTC) and the S&P 500 experienced a significant drop, with Bitcoin falling by 7.5% and the S&P 500 by 3%. This comes amidst mounting recession fears and notable market volatility. On August 2, $2.9 trillion vanished from the stock markets, marking the worst day of trading since the COVID-19 crash in 2020. The crypto markets were also heavily impacted, with Bitcoin dropping by 18%, Ethereum (ETH) by 27%, and more than $381.26 million in futures positions liquidated in 24 hours. The Fear & Greed Index has now shifted dramatically from greed last week (67)…

Crypto is a man’s game? Not quite, according to a new report. In fact, women are just as likely to “HODL” as men are. That’s what New York-based crypto exchange Gemini said in a new survey of 6,000 people. Their report, “2024 Global State of Crypto,” found that while a gender gap in crypto still exists—with male investors on the whole outnumbering female ones—the number of people who bought digital assets and sat on them is the same between the two sexes. In the crypto world, to “HODL”—a misspelling of “hold” often said to stand for “hold on for dear…

Multiple anonymous XRP transfers have been detected on-chain as the XRP community remains stunned. Moreover, the timing of these transactions is crucial as XRP is currently aiming to kick start a huge price rally. Many analysts have been expecting an upward move from the coin. On-chain tracking service Whale Alert has shared details about these latest XRP transactions. In the first transfer, more than 102 million XRP were transferred from an unknown crypto wallet to another unknown new wallet. This transaction was worth around $61 million as the current XRP price. In the second transfer, another XRP whale moved over…