Author: NBTC

Bitcoin is at a critical point, and crypto analyst Caleb Franzen is paying close attention. He recently analyzed a key chart that tracks Bitcoin’s performance since the end of 2022, focusing on the 200-day moving average. In an interview with Thinking Crypto, Franzen explained that Bitcoin’s recent drop below these long-term averages is concerning. In bull markets, prices usually stay above these key levels. Dropping below them could signal that Bitcoin might be entering a bearish phase. However, Franzen isn’t panicking. He pointed out that similar drops happened before, in August and June, and each time Bitcoin quickly bounced back.…

Ethereum is down nearly 35% from July highs and roughly 40% from 2024 peaks. While there is hope among holders that the coin will expand, breaking local resistance, the short-term trend favors sellers. From the daily chart, not only is ETH struggling to gain momentum and push above $2,800, but sellers have been relentless, diffusing any attempt higher. As the coin is capped below $2,500 at press time and actively aligning with the selling pressure of late August, Santiment analysts have picked out an interesting development. Ethereum Register More Users Than Bitcoin In a post on X, the sentiment analysis…

The shared goal is to promote innovation and quicken the adoption of Web3 in the MENA region. Together, Klumi Ventures and DWF Labs will provide thorough strategic advisory services to businesses. To further enhance the already thriving Web3 ecosystem in the United Arab Emirates, Klumi Ventures, the first regulated Web3 Venture Capital and Fund Manager with its headquarters in Abu Dhabi, and DWF Labs, a new generation of Web3 investor and market maker, have teamed together. In keeping with the Abu Dhabi Economic Vision 2030, our collaboration demonstrates our shared commitment to improving the Web3 and digital asset landscape in…

Cardano founder Charles Hoskinson has dissociated himself from Emurgo, clarifying the extent of his relationship with the blockchain company. Hoskinson emphasized on social media that Emurgo is an independent entity he neither owns nor controls. He also clarified he wasn’t involved in Emurgo’s founding. Why are you asking me? They are an independent company. I have no ownership or oversight of Emurgo. I didn’t create Emurgo. Ask them — Charles Hoskinson (@IOHK_Charles) August 29, 2024 Hoskinson clarified the extent of his relationship with Emurgo while responding to questions from a blockchain user who complained about the firm’s services. In a…

Mantle Devs, known for mass adoption of decentralized & token-governed technologies, announces a strategic partnership with QuickNode. With the rising Mantle network, this collaboration provides developers with an amazing opportunity to enhance their projects with available tools and resources. Mantle Devs shared this latest update through social media platform, X. #BuildOnMantle just got even better! Our collaboration with @QuickNode enables developers to boost their projects with 2 free months on their top-tier web3 developer platform or get 15% off a custom Enterprise plan. Don’t miss out! 🔥https://t.co/504xvjrK9G pic.twitter.com/FUl5KqUwcj — Mantle Devs (@0xMantleDevs) September 4, 2024 Effective immediately, developers participating in…

Although Bitcoin (BTC) is gaining attention among more and more people, qualified investors, institutions and even big ones like BlackRock or Franklin Templeton, its meaning and utility is still highly doubted by many like Peter Schiff or Warren Buffet. Critics deny Bitcoin the right to be a store of value and to be called Gold 2.0 due to its high volatility compared to traditional assets. Thus, despite its growing popularity, Bitcoin is still widely considered a speculative asset or even a gamble. Saylor does not agree On the other hand, Michael Saylor, the CEO of MicroStrategy and a well-known Bitcoin…

Analyst Benjamin Cowen is issuing a warning on Ethereum (ETH) as the second-largest crypto asset lingers around 40% below the 2024 high recorded in March. Cowen tells his 811,000 YouTube subscribers in a new video that Ethereum could depreciate by at least 5% against Bitcoin (BTC) going forward. “When I look at this chart what do I see? I see that Ethereum/Bitcoin is likely going to form a bottom between now and the end of the year. It’s possible that it’s already in, but I would still say I’m still sort of leaning that it could go sub 0.04 BTC.”…

Sberbank, Russia’s largest lender, aims to begin offering digital ruble transactions to its customers in early 2025, according to a senior bank executive. Russia‘s banking giant Sberbank plans to start operations with the country’s central bank digital currency — also known as the digital ruble — for its customers in early 2025, Sberbank’s deputy chief executive Anatoly Popov, told Reuters. Sberbank is among Russian banks expected to join the project in the second round of testing CBDC, along with about 20 other financial institutions. Speaking on the factual usage, Popov said the bank plans to start “actual operations [with the…

As Monday saw a 6% drop in the price of Dogecoin (DOGE), a new wave of bullish activity emerged on the chain of the popular meme cryptocurrency. According to data from IntoTheBlock, the net flow of DOGE into the wallets of large holders increased by more than 118% over the past day – from 67.85 million to 148.36 million tokens, which is equivalent to $14.84 million. The metric shows how the positions of whales and investors with more than 0.1% of the supply of Dogecoin are changing. Basically, spikes in netflow mean that large players are building their positions, while…

WadzChain Layer 2 handles 24,000 TPS, matching VISA’s speed for instant transactions. WadzChain slashes fees to under $0.01, optimizing costs for retail and finance sectors. Over $4.3 billion in real assets tokenized, enabling fractional investments in real estate and art. WadzPay is set to revolutionize blockchain technology with its imminent launch of WadzChain Layer 2. This new development promises enhanced scalability, reduced costs, and innovative tokenization opportunities across various sectors, including finance, retail, and gaming. 🚀 #WadzChain Layer 2 by WadzPay is launching very soon ! 🔥💡Why it stands out:Scalability: Handles 24,000 TPS for lightning-fast transactions, as the standard for…