Author: NBTC

The crypto market has been experiencing a widespread mixed sentiment, with Ethereum ($ETH) being no exception. As per ShayanBTC (a famous CryptoQuant analyst), the futures market of Ethereum is expressing indications of substantial pessimism as the funding rates have witnessed the lowest levels in the case of a 50-day moving average during this year. The analyst provided an analytic report to discuss the current scenario. Bearish Sentiment Deepens: #Ethereum’s Futures Market Shows Lowest Funding Rates of 2024“Recently, the 50-day moving average of $ETH funding rates has been on a consistent downtrend, reaching its lowest levels in 2024.” – By @ShayanBTC7Full…

Ripple’s legal win boosts its global position and expands its blockchain partnerships. Speculation grows as Ripple and the SEC might soon resolve their conflict. XRP price glitches reignite debates on its true value among crypto enthusiasts. A recent glitch on a Korean exchange showed XRP’s price at 67,720 KRW, about $50. This unusual display sparked widespread discussion among crypto enthusiasts, quickly spreading across social media. Ripple’s Legal Victory and Expansion Ripple, the company behind XRP, lately won a big regulatory battle against the U.S. Securities and Exchange Commission . This victory has strengthened it’s position in the crypto world. Ripple…

RLN could revolutionize UK payments, cutting fraud and costs while supporting new tech like CBDCs and tokenized assets. The Regulated Liability Network aims to enhance efficiency and innovation in UK finance, integrating blockchain and interoperability. Having completed a successful test phase, RLN is poised to reduce obstacles for fintech firms and increase long-term innovation inside the UK banking industry. A blockchain-powered ledger called the Regulated Liability Network (RLN) has the potential to totally change the $14.5 trillion UK payments sector. According to UK Finance, this innovative system is seen as a game changer. Following a successful experimental phase involving 11…

There has been a lot of talk recently among crypto market participants about what the future holds for Bitcoin (BTC). On July 30, some of the most influential figures in the crypto community shared their thoughts on Bitcoin’s current status and potential future. Thus, Alex Kruger recently shared his thoughts on the challenging market conditions. He suggested that when Bitcoin reaches new all-time highs, only a few traders might still be “alive” and have money. Another well-known figure, BTCVIX, also acknowledged the difficulty of the past few months for traders. However, he pointed out an important technical indicator: Bitcoin is…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. As crypto becomes more widespread, the regulatory issues become more significant. The recent update of the Markets in Crypto-Assets Regulation regarding stablecoins has led to a substantial market boom. The new rules impose strict restrictions on the use of stablecoins denominated in dollars, which account for the majority of global trading volumes. You might also like: What’s missing from MiCA’s comprehensive crypto manifesto? | Opinion While MiCA primarily targets the intersection of crypto assets and traditional financial…

Este artículo también está disponible en español. Ethereum price gained bearish momentum and traded below $2,350. ETH is consolidating losses and might struggle to recover above $2,350. Ethereum started another decline below $2,350 and $2,320. The price is trading below $2,310 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance at $2,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,360 resistance to start a recovery wave in the near term. Ethereum Price Starts Consolidation Ethereum price failed to clear the $2,450 resistance and started another…

Optimism has returned its network to a permissioned state after community audits found several bugs in its recently launched permissionless Fault Proof System, including two high-severity issues. Optimism began testing its Fault Proof System on the Ethereum Sepolia testnet in March to improve security and decentralization, while also addressing criticism of previous vulnerabilities. The decision comes just two months after the network rolled out permissionless Fault Proof on June 10, followed by a token unlock event. This improved the network and allowed for the withdrawal of Ether and ERC-20 tokens, a major milestone that allowed it to reach Stage 1…

Ripple’s long legal battle with the SEC has finally ended, marking a big win for the cryptocurrency world. The case, which centered on whether XRP is a security, concluded with Ripple paying a reduced fine of $25 million instead of the original $2 billion. Ripple can continue operating internationally but faces limits on XRP sales to U.S. institutions. The SEC even apologized for mischaracterizing XRP, raising doubts about its regulatory approach. Ripple’s victory is seen as a major boost for the crypto industry, and excitement is growing about XRP’s future potential. On the Good Morning Crypto Show, attorney John Deaton,…

CkBTC will soon bridge to the Cosmos ecosystem via decentralized exchange Osmosis. Concerns have emerged weeks over Tron founder Justin Sun’s perceived influence in WBTC, spurring competitors to offer alternatives. Chain-key bitcoin (ckBTC), a non-custodial Bitcoin token based on the Internet Computer blockchain (ICP), will soon bridge to the Cosmos ecosystem via decentralized exchange (DEX) Osmosis. It’s the “first time a proven, secure, non-custodial BTC is coming to the Cosmos ecosystem,” according to an emailed announcement on Wednesday. The development comes as more decentralized-finance (DeFi) developers are increasingly looking for ways to export bitcoin (BTC), which has the largest market…

According to data from Bitcoin Magazine Pro, the global money supply, also known as global liquidity, has hit an all-time high of $95 trillion; Bitcoin investors and analysts closely watch this key indicator, as higher liquidity has historically preceded major bull runs. Global liquidity is the total amount of money circulating in the global financial system. It encompasses the M2 money supply of major economies like the U.S., China, EU, Japan, etc. M2 includes cash, bank deposits, money market mutual funds, and other near-money assets. This figure recently hit $95 trillion, approaching the $100 trillion milestone. The previous all-time high…