Author: NBTC

The U.S. election and CPI could be a bullish factor later this year. Fed’s preferred inflation gauge, the PCE price index, due Friday, could offer relief. Bitcoin (BTC) has carved out a double-top price pattern, signaling a potential bearish trend change ahead of key data release that could influence the Fed’s interest rate path. Bitcoin’s price journey has been a rollercoaster this month. After surging to nearly $70,000, approaching the all-time high of March, it has now retreated to $63,000, decoupling from Nasdaq’s continued move higher, largely due to faster selling by miners, profit-taking by investors near lifetime highs, and…

USA: Lenient $125M Fine on Ripple Sparked Market Recovery Ethereum, like the broader crypto market, started the week on a downtrend, with a sharp market crash on Monday, August 5, pulling ETH to a multi-month low of $2,110. However, on August 7, the U.S. court’s decision to impose a relatively lenient $125 million fine on Ripple marked a significant turning point. The resolution of Ripple’s prolonged legal battle with the SEC had been a major overhang for the market. The perceived legal clarity from US regulators instilled renewed confidence in investors, triggering a swift recovery in Ethereum’s price, which quickly…

The Mocaverse project token, MOCA, has begun trading on well-known centralized exchanges, including KuCoin, Gate, HTX, Coinlist, Bitget, MEXC, and Bitmart. Trading began with a MOCA rate of $0.088. Listing on several major centralized exchanges is expected to increase MOCA’s visibility and significant trading volume, attracting a wider audience of investors and users. Mocaverse will also introduce a staking feature alongside a Token Generation Event (TGE). Users can stake MOCA tokens to receive staking power or “soft stake.” MOCA Saving 1.0 participants will be able to accumulate staking power at a rate of 0.000001 per second. “Staking Power grants holders…

MUNICH, Aug 6 (Reuters) – German prosecutors have charged another two former Wirecard (WDIG.H, opens new tab executives, according to a statement from their Munich office on Tuesday, casting their net wider in investigations into one of Germany’s biggest corporate scandals. Wirecard collapsed in June 2020 over a 1.9 billion euro ($2.1 billion) hole in its balance sheet, shaking up Germany’s business establishment and turning the spotlight on politicians who backed it, as well as regulators who took years to investigate allegations against the firm. Alexander von Knoop, who served as finance chief of the now-defunct online payments company, and…

Bitcoin (BTC) mining is consuming less power today than it did at the end of July this year. According to Digiconomist, mining consumed 115.21 TWh (Terawatt hours) of power at press time, representing a 24% slump from the 152.52 TWh it required on 31st July 2024. These findings could be welcome news for Bitcoin enthusiasts who’ve been fighting to redeem the image of the premier cryptocurrency. BTC has attracted criticism from environmentalists who hold that its mining is an energy-intensive activity that harms the earth. These have, for instance, pointed out the large volumes of water consumed by the process…

Bitcoin and the crypto industry have become major topics in this year’s US presidential election. For many people disillusioned with current politics, Bitcoin could bring substantial change, according to Raphael Zagury, Chief Investment Officer at Swan Bitcoin, a Bitcoin investment platform. “It started with senators talking about bitcoin. Then we had more people talking about it. And now we have Trump coming in, and which was a surprise for most people, even for some of us who had been in Bitcoin for a long time, to hear him saying the positive things that he did,” stated Zagury at Market Domination…

Ethereum, the second largest cryptocurrency by market capitalization, has revealed a crucial demand zone amid a death cross formation. According to Ali Martinez, a crypto analyst, the most important support level for Ethereum is between $2,314 and $2,435. This range is particularly noteworthy as it represents where nearly 2.14 million addresses have collectively acquired 51.67 million ETH. The most important support level for #Ethereum is between $2,314 and $2,435, where 2.14 million addresses acquired 51.67 million $ETH! pic.twitter.com/1h1G2ZcZHd — Ali (@ali_charts) August 9, 2024 The death cross, a technical analysis pattern that indicates potential bearish momentum, emerges when a short-term…

Google Pay, Amazon Pay, and Walmart-backed Phonepe are reportedly seeking to join India’s central bank digital currency (CBDC) initiative led by the Reserve Bank of India (RBI). Other fintech firms like Cred and Mobikwik are also seeking participation. These companies aim to facilitate transactions through the e-rupee. The initiative aims to boost transaction volumes by expanding access beyond banks to major payment platforms. Major Payment Platforms Seek to Join India’s Digital Rupee Initiative Google Pay, Amazon Pay, and Walmart-backed Phonepe are seeking to join India’s central bank digital currency (CBDC) initiative spearheaded by the Reserve Bank of India (RBI), according…

Polkadot, a blockchain network focused on interoperability, has released the Join-Accumulate Machine (JAM) Chain. This upgrade is a new solution for scalability and performance. Polkadot is always pushing the limits of what’s possible. What is the JAM Chain? The Join-Accumulate Machine (JAM) will replace Polkadot’s relay chain with a more robust and efficient one. JAM Chain has two main functions: Join and Accumulate. These are on-chain. Two other processes, Collect and Refine, are off-chain. The reason for JAM as a single upgrade is to simplify and optimize the blockchain. Unlike iterative updates that can introduce many small changes over time,…

In a strategic move to counter Donald Trump’s growing appeal within the cryptocurrency industry, Democrats have launched the “Crypto for Harris” campaign, FOX Business’ Eleanor Terrett reported today. This initiative, led by a pro-Kamala Harris advocacy group, aims to rally support from crypto voters for Vice President Harris as she vies for the presidency. JUST IN: 🇺🇸 Democrats launch “Crypto for Harris” campaign to counter Donald Trump — FOX Business 👀 pic.twitter.com/2K9O5bP0Xg — Bitcoin Magazine (@BitcoinMagazine) August 7, 2024 Next week, “Crypto for Harris” will host a virtual town hall featuring prominent crypto advocates such as Mark Cuban and Anthony…