Author: NBTC

On August 26, 2024, ethereum’s price hovered around the $2,739 mark, reflecting a cautious market sentiment as traders weigh the potential for further gains against looming resistance. Technical indicators across multiple timeframes reveal a mixed outlook, with key support and resistance levels tightly defining ethereum’s near-term trajectory. Ethereum Ethereum’s daily chart shows a strong downtrend that dominated early August, with prices plummeting from $3,400 to a low of $2,017. This sharp decline has since been followed by a period of consolidation between $2,600 and $2,800. The volume has been mixed during this consolidation, suggesting a lack of clear direction among…

Deposit insurers or lenders that provide insurance to depositor funds against bank failures should take an interest in the degree of replacement of bank deposits by central bank digital currencies (CBDCs), according to the Reserve Bank of India (RBI). “For deposit insurers, factors of key interest would be the degree of replacement of bank deposits by CBDC, the division of labour between central and commercial banks and the degree of privacy attached to CBDC usage,” Michael Debabrata Patra, deputy governor of Reserve Bank of India, said in his speech at an event. “They also need to contend with the possibility…

Famous crypto commentator Ben “BitBoy” Armstrong has reiterated his belief that Cardano (ADA) is dead and incapable of yielding substantial returns for investors during this bull cycle. Taking to X today, Armstrong clarified his previous statement that Cardano and Polkadot (DOT) are “dead” to institutional investors. He explained that by calling ADA and DOT lifeless assets in the eyes of institutions, he did not mean they would never experience price increases. According to BitBoy, both tokens will likely see some gains during this bull cycle, but the yields would be modest compared to other assets he considers blue-chip. I want…

The European Union’s “fragmented regulatory structure” is stifling artificial intelligence (AI) innovation, Meta CEO Mark Zuckerberg and Spotify CEO Danie Ek said in a joint statement published on Friday. The two tech leaders added that the EU’s AI regulatory framework is “riddled with inconsistent implementation,” hampering the ability of the region’s companies to take advantage of the AI wave. They noted: “Instead of clear rules that inform and guide how companies do business across the continent, our industry faces overlapping regulations and inconsistent guidance on how to comply with them.” The two founders warned that without “urgent changes” the EU…

AltLayer shares a strategic partnership with Solayer Labs to expand the Solana ecosystem and enhance Solana’s decentralized applications (dApps). Today, AltLayer took this news to X, sharing with the crypto community that both AltLayer and Solayer Labs have joined forces to power the newly launched Solayer mainnet. AltLayer has partnered with @solayer_labs — @solana’s new restaking protocol – to power its newly launched mainnet. We will apply our expertise in restaking-powered restaked rollups to scale and accelerate the world of Solana dApps 🚀 https://t.co/j3rXhhhqlD pic.twitter.com/NO1bfrLBI1 — AltLayer (@alt_layer) August 20, 2024 AltLayer, known to be the pioneer in restaked rollups,…

Ethereum (ETH), the second-largest cryptocurrency, has set a crucial record: the share of its supply held on centralized exchanges has never been lower. Typically, analysts treat this as a bullish midterm signal. Ethereum (ETH) supply shock coming, this metric says Share of Ethereum (ETH) supply stored on centralized exchanges across the globe reached absolute low in the entire asset’s history. As of late August 2024, only 9.75% of Ethers (ETH) are sitting on CEXes, Glassnode data says. 🚨 WE ARE NOT BULLISH ENOUGH! 🚨🔥 The percentage of #Ethereum held on centralized exchanges just hit a NEW ALL-TIME LOW! 📉As this…

Speculation is mounting in the crypto community as rumors about China potentially lifting its ban on Bitcoin (BTC) and other cryptocurrencies resurface. A recent cryptic post by TRON founder Justin Sun and several other developments have fueled these rumors. Could China Reopen the Doors to Crypto? Here’s What We Know On August 18, Sun stirred the crypto community with a provocative post on his X (Twitter) account, stating, “China unbans crypto. What’s the best meme for this?” This message quickly ignited speculation among enthusiasts and industry insiders, sending ripples through the market. Chase, the co-founder of the Solana Virtual Machine…

Shiba Inu rival Floki has issued an important scam warning to the cryptocurrency community. In a recent tweet, Floki raised an alarm regarding fraudulent claims that suggest the existence of a Floki token on the Base or Solana blockchains. Floki has clarified that its token, FLOKI, is only tradeable on the Binance Smart Chain (BNB) and Ethereum (ETH) blockchains. To prevent any confusion and ensure the safety of crypto participants, Floki has provided the correct contract addresses for trading on these two chains. The team has emphasized that any other claims of FLOKI tokens existing on different blockchains are entirely…

John Reed Stark, a former official in the U.S. Securities and Exchange Commission, described a recent ruling in the SEC v. Kraken case as a massive victory for the regulator. As reported by U.Today, Judge William Orrick shot down Kraken’s motion to dismiss the closely watched lawsuit earlier this week. The SEC took Kraken to court last November, accusing the exchange of offering unregistered securities on its platform. The list of these alleged securities includes such prominent cryptocurrencies as Cardano (ADA) and Solana (SOL). Marco Santori, chief legal officer at Kraken, attempted to spin the recent ruling as a “significant…

CCIP has launched Mainnet Early Access on Avalanche, Ethereum, Optimism, and Polygon. Key features include programmable and simplified token transfers with active risk management. CCIP’s potential for mass adoption is underscored by its integration with leading DeFi protocols. The Cross-Chain Interoperability Protocol (CCIP) has just begun Mainnet Early Access on many blockchain networks, including Avalanche, Ethereum, Optimism, and Polygon. 1/8 We are here now at @Chainlink #CCIP mass adoptionWe are all waiting for CCIP to become a standard cross-chain solution used by most Web3 projects and TradFi institutions too.Let’s take a look at some charts to see how and when…