Author: NBTC

Heading into the first half of 2024, crypto investors are wondering about the future of Bitcoin, which continues to lose value after hitting an all-time high in March. Table of Contents Fear and Greed Index records sharp decline What will happen to the Bitcoin ETF? Will the situation improve? According to Bloomberg, Bitcoin (BTC) has lost about 13% in value since March, after sharp surges of 67% and 57% in previous quarters. Amid the decline in the price of the first cryptocurrency, questions have emerged about whether cracks in momentum trades such as Bitcoin indicate a stricter outlook for risk…

The Bank of Russia is set to launch the digital ruble for widespread use by July 2025, following successful pilot tests. Russia’s central bank, the Bank of Russia, could launch its central bank digital currency — also known as the digital ruble — for widespread use as early as July 2025, Russia’s state-run news agency TASS reported today, July 30. According to TASS, Russia’s central bank governor, Elvira Nabiullina, delivered the news in a speech at a meeting of the country’s Federation Council. Nabiullina stated that if everything goes as planned and the pilot programs are successfully completed, the country…

Ripple is now more focused on integrating advanced XRP Ledger features into its business to deliver secure and compliant decentralized finance solutions to customers globally. David Schwartz, Ripple CTO, confirmed this in a recent post on X following the company’s latest publication. In the report, Ripple stressed its overarching ambition to emerge as the foremost digital asset infrastructure solution provider for the financial services industry. As you’ll see in our latest blog post, Ripple is focusing on how to integrate more of the XRP Ledger’s technically and financially sophisticated features directly into our business—bringing the benefits of DeFi to our…

Bitcoin’s price premium on Coinbase has plummeted to negative levels rarely seen, CryptoQuant data showed. Similar readings in November 2022 and August 2023 foreshadowed imminent local price bottoms and subsequent rallies. Bitcoin (BTC) is trading at a deep discount on crypto exchange Coinbase, which could be a sign that the largest crypto asset’s price is bottoming foreshadowing the next leg higher. “Always darkest before the dawn,” asked David Lawant, head of research at institutional crypto trading platform FalconX, in an X post. “The last time the Coinbase premium was this negative was a couple of months before the massive rally…

The world’s largest crypto Binance evaluated the potential impact and consequences of spot Ethereum ETFs, which opened for trading yesterday, on the market. Binance noted in a blog post that the US SEC’s approval of spot Ethereum ETFs could greatly impact the ETH price and the broader cryptocurrency market. ETFs Will Raise Ethereum Price! Binance analysts stated that they expect ETH ETFs to significantly increase demand and push the ETH price higher, following a similar trend observed with Bitcoin ETFs. “The approval of Spot Ethereum ETFs will lead to a significant increase in ETH prices due to increased demand from…

Circle stock is said to be trading around a $5 billion valuation for the company ahead of its planned listing. The firm reached a valuation of about $9 billion in 2022 when it first tried to go public via a failed SPAC deal. Circle Internet Financial’s privately held stock is trading in the secondary market at a price implying a $5 billion to $5.25 billion valuation for the stablecoin issuer ahead of a planned initial public offering, according to three people with knowledge of the matter. The issuer of USDC, the second-largest stablecoin by market cap, is allowing some trading…

In this article we see all the latest news of the week on the crypto airdrop front. Several projects are continuing with their incentive campaigns, with many rewards on the horizon in the coming months. Among the most important, we mention Etherfi with Season 2, Scroll, and Grass. An airdrop from the Telegram ecosystem is also on the way, with the Dogshouse project about to hit the market. All the details below. Crypto airdrop: green light for the claim of Etherfi Season 2 The layer-2 Scroll introduces the Canvas mode Last month to farm the airdrop of Grass Dogshouse: the…

The release date of Binance founder Changpeng Zhao (CZ) has been postponed. Despite the expectation of Binance fans celebrating CZ’s release on August 30, a fact check reveals that this is not the case. On April 30, U.S. District Judge Richard Jones sentenced CZ to four months in a Seattle prison and recommended Seatac, a prison and administrative security federal detention center. But CZ’s legal team, consisting of attorneys from prestigious law firms Quinn Emanuel Urquhart & Sullivan, Davis Wright Tremaine and Latham & Watkins, worked diligently to delay his detention. Contrary to popular belief, CZ did not check into…

According to Fred Krueger, a popular Bitcoin advocate, the price of Bitcoin (BTC) could be on track to double between now and the end of the year. “No more turtle nonsense,” he added. The bullish prediction comes as the Bitcoin price is attempting to revive its bullish momentum. Earlier today, the price of Bitcoin peaked at $63,790, according to data provided by cryptocurrency tracking site CoinGecko. However, it has since pared some of its gains, currently trading at $63,368. Despite the fact that Bitcoin’s price performance has been rather underwhelming after multiple failed attempts to surpass the $68,000 level, the…

Ethereum’s price has been consolidating above the 100—and 200-day moving averages, indicating a bullish trend. Given the launch of spot ETH ETFs, upward momentum targeting the wedge’s upper boundary is anticipated in the mid-term. By Shayan The Daily Chart A close examination of Ethereum’s daily chart reveals that after breaking above the critical 100-day moving average at $3,354, it entered a period of sideways fluctuation, with the price lacking clear direction. This phase confirms the breakout and suggests an equilibrium between buyers and sellers in the market. However, with the official launch of spot ETH ETFs and a net inflow…