Author: NBTC

In a video released on August 2, popular pseudonymous analyst and trader Crypto Jebb provides an in-depth analysis of the current bearish indicators in the Bitcoin market and what they mean for the future of the cryptocurrency. Introduction Jebb notes that Bitcoin has recently experienced a significant drop, falling to $64,000 and further to a local bottom of $62,000. This decline was anticipated due to several bearish indicators that have been flashing over the past few days. Source: TradingView Key Technical Indicators Bearish MACD Cross One of the primary technical indicators Jebb highlights is the bearish MACD (Moving Average Convergence…

Capstone Technology, a UAE-based blockchain and AI company has raised $5.45 million to fund the development of its GAYA blockchain project. The project aims to create a network for entrepreneurs in gaming, AI, and entertainment. Capstone Technology plans to use the funds to manage technological assets, develop Web3 applications, expand regionally and improve its platform. Sustainable Digital Economy Solutions The United Arab Emirates (UAE)-based blockchain and artificial intelligence (AI) company, Capstone Technology, recently secured $5.45 million (Dh20 million) in its initial funding round. The funds will support the development of the GAYA blockchain project. According to a statement, the project…

Most meme coins are up as the sector wakes after Tron released its own version of Pump.fun. In turn, market favorites Pepe (PEPE), Dogwifhat (WIF), and Brett (BRETT) have all leaped in value. The biggest winner on the day is Sundog (SUNDOG) the largest meme coin launched through SunPump, the Pump.fun competitor launched by controversial Tron creator Justin Sun. Within days of launching, the token has broken past a market cap of $178 million and is up 124% over the past 24 hours. No other token launched by the new protocol has come close to Sundog with FoFar (FOFAR) in…

Matrixport’s latest report reveals a positive forecast for Bitcoin in the fourth quarter of 2024. According to the report, despite the difficulties encountered in the third quarter, Bitcoin’s trading range has gradually narrowed, setting the stage for a potential breakout. The report attributes this optimism to FED interest rate cut expectations, positive seasonal factors and the upcoming US presidential election. The report states that the Fed left interest rates unchanged. However, FED President Jerome Powell stated that a rate cut may be possible at the September meeting if inflation continues on the predicted path. Matrixport’s inflation model also predicts a…

Spot Bitcoin exchange-traded funds in the United States experienced a slowdown in net inflows on Sept. 16, while spot Ether ETFs saw outflows again as bears dominated the market sentiment yesterday. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged net inflows of $12.9 million, 95% lower than the $263 million inflows recorded the previous trading day. BlackRock’s IBIT, the largest BTC ETF, led the lot again with $15.8 million in inflows after 10 days of no positive flows seen by the fund. Fidelity’s FBTC followed with $5.1 million flowing into its fund. Notably, the ETF was the…

The investment aims to diversify Floki Inu’s assets. Floki Inu recently became the official partner of Nottingham Forest F.C. Floki Inu has recently introduced a new DAO proposal, recommending a $200,000 investment from its treasury into Simon’s Cat Token. This proposal signifies a strategic move aimed at expanding Floki Inu’s investment portfolio and supporting promising new projects in the crypto space. According to the official Floki Inu page, the investment is intended for participation in the private sale of Simon’s Cat Token. This early-stage involvement is designed to capitalize on the token’s potential for significant returns. Simon’s Cat Token, a…

Bitcoin price recorded a slump of over 4% on Friday as selling pressure intensified in the market. BTC slipped from $65,000 levels straight to the $60,000 zone as the bankrupt crypto firm Genesis completes restructuring. Digital assets lender Genesis Global and its companies have completed bankruptcy reorganization and started distributing about $4 billion in crypto and cash to creditors. This includes payments made to Ether (ETH) and Solana (SOL) creditors. Genesis distributes $4B in Bitcoin, ETH and more Genesis announced the commencement of repayment by distributing $4 billion to creditors and mentioned that the plan does not seek to cap…

Limitless Network, a fledgling entrant to the booming prediction market business, raised $3 million in a pre-seed round led by early stage venture fund 1confirmation. Paper Ventures, Collider and Public Works participated in the round, said CJ Hetherington, co-founder and CEO of Limitless Labs, the company building the market on top of Base, the layer-2 blockchain network created by crypto exchange Coinbase (COIN). The raise comes at a time when election betting, particularly the kind denominated in cryptocurrency, is all the rage, led by Polymarket, which has amassed nearly $1 billion of wagers on the outcome of the U.S. presidential…

TL;DR:The IOTA Foundation has successfully completed the final phase of the European Blockchain Pre-Commercial Procurement. Alongside our fellow finalists Chromaway and Billon, we’ve developed pre-commercial products for Intellectual Property Rights Management and Digital Product Passports, demonstrating scalability and sustainability. We are now in conversations with commercial partners to further support and drive this important European initiative in its new governance form as EUROPEUM-EDIC. We’re thrilled to announce that IOTA has successfully completed the third and final phase of the European Blockchain Pre-Commercial Procurement (PCP). In 2021, we were selected as one of seven projects from 30+ applications to participate in…

Bitcoin’s (BTC) attempt at a modest rally during US trading hours on Friday was swiftly quashed. The largest cryptocurrency experienced a sharp drop, falling from $65,000 to below $62,000. This sudden decline triggered a wave of liquidations, erasing $290 million in both long and short positions over the past 24 hours. Bitcoin Sinks Below $61,000 The recovery rally ahead of the FOMC meeting and positive July CPI data fostered a bullish sentiment. However, the long-anticipated rate cut was delayed, with the next possible decision in September. Consequently, the excitement in the crypto market subsided quickly, leading to a bearish turn…