Author: NBTC

Crypto analyst Benjamin Cowen, known for his “Into the Cryptoverse” channel, warns that Ethereum’s price could plummet to $1,200 by December. He highlights a wedge pattern in the current cycle, similar to one seen in 2019, but with a significantly longer duration. In a post on social media platform X (previously known as Twitter), Cowen added that Ether has formed a wedge in the current crypto cycle that includes higher lows, similar to the ones during the 2019 cycle but with ~10x the length. Read also: Blockchain Revenue Report: Tron Leads, Ethereum Follows Cowen notes that during the 2019 cycle,…

Injective piques investors’ interest as on-chain developments continue on the platform. These new integrations and information excite investors, bumping the token’s price by over 21%. The continuous positive developments are expected to further steer the INJ on the bullish path. Given the conditions and positive developments of Injective, its investors and traders have chosen the status of INJ as a prime crypto for its native token, providing values to users and traders. ‘Fastest Layer 1 Blockchain’ Slashed Blocktimes To Just 0.65 Seconds Injective recently posted a thread detailing the platform’s most recent achievement: slashing finality times to just 0.65 seconds.…

Senator Chuck Schumer’s “Dear Colleague” letter left cryptocurrency off the latest bipartisan agenda, despite his earlier promise to prioritize it this year. Fox News journalist Eleanor Terrett pointed out that in his latest letter to Senate colleagues, Schumer listed several legislative priorities like rail safety, insulin prices, and artificial intelligence, but left crypto off the table. 🚨NEW: @SenSchumer sent a letter to his Senate colleagues where he mentioned priorities for passing bipartisan legislation in the remaining months of Congress. Cryptocurrency legislation was not mentioned, but artificial intelligence was. This, despite his adamance in the… pic.twitter.com/d0io7iWh75 — Eleanor Terrett (@EleanorTerrett) September…

Bob Burnett, CEO of Barefoot Mining, a bitcoin mining company providing off-grid “wild” mining services, has declared that wars will be fought over Bitcoin blockspace. In a recent interview, Burnett stated that as bitcoin becomes critical to companies and nation-states, the value of Bitcoin blockspace will be treated as an essential scarce commodity. Barefoot Mining CEO Bob Burnett States Bitcoin Blockspace Will Be ‘Financialized’ in the Next 15 Years Bob Burnett, CEO of Barefoot Mining, a bitcoin mining company that provides off-grid infrastructure and services, believes the financialization of the Bitcoin blockspace will solve the network’s sustainability problem. At the…

Portfolio trackers are shifting from simple price tracking tools to those that include more functionalities such as analysis and news services. Each tracker targets distinct users and their necessities, including ecosystem affiliation (Crypto Pro for Apple), and a single source of investment information (CoinMarketCap). Additional facilities such as real-time monitoring, multiple exchange compatibility, and data security are becoming mainstream among the most robust portfolio trackers. This article explores five Ethereum wallets, renowned for their innovative features and robust security measures. They enhance user control over Ethereum-based assets and seamless integration with DeFi. MetaMask: The Swiss Army Knife of Ethereum Wallets…

As of August 24, 2024, several cryptocurrencies in the AI ecosystem are gaining significant attention on social media. Leading this trend is Fetch.ai ($FET), which tops the list with 10,500 posts. Fetch.ai is known for its decentralised machine learning and AI capabilities and has received significant attraction from the blockchain and AI industries. ⚡️ TOP #AI Ecosystem Coins by Social Activity$FET $RENDER $TAO $ROSE $PAAL $ORAI $AGIX $FLUX $ATH $AIOZ pic.twitter.com/S8p6PREhOe — 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) August 24, 2024 Render and TAO Follow Fetch.ai as Top AI Ecosystem Coins In close succession is Render Network ($RENDER) which has 8,230.…

At the end of August, the court agreed with the Australian Securities and Investment Commission (ASIC) and confirmed that the cryptocurrency exchange Kraken violated local regulations by offering margin products to retail clients. However, the company operating under the brand Bit Trade Pty Ltd claims that the issue is more complex. The ruling, which centered on Kraken’s Margin Extension product, determined that margin trading extended in fiat currency to retail investors falls under the Design and Distribution Obligations (DDO) of the Corporations Act. However, the court found that the margin extended in cryptocurrency is not subject to the same regulations.…

Ethereum price is attempting a fresh increase wave above $2,300. ETH might gain bullish momentum if it clears the $2,400 resistance zone. Ethereum is attempting a recovery wave above the $2,300 zone. The price is trading above $2,330 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,335 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,400 resistance to continue higher in the near term. Ethereum Price Eyes More Upsides Ethereum price started a recovery wave above the $2,300 level. ETH was able to clear…

Charles Hoskinson raises the possibility of using Cardano to merge with Algorand to build a robust decentralized AI system, which excites ADA and Algorand communities. Algorand and Cardano are trying to find out how their technologies complement each other and improve blockchain integration and AI in the crypto industry. Considering Algorand as a partner chain, it can be observed that Cardano’s approach is to improve the compatibility of blockchains. The founder of Cardano, Charles Hoskinson, has recently suggested that Cardano might be integrated with Algorand. In a tweet, Hoskinson said that the technology was impressive. Thus, if Cardano integrated this…

Legal expert Bill Morgan recently shared insights on the SEC vs. Ripple appeal on X, addressing growing concerns among XRP holders. Morgan’s analysis suggested that while certain legal observations, like obiter dictum (comments not central to the ruling), might come up during the appeal, XRP’s core status as a non-security remains largely unchallenged. With just 28 days remaining for a re-appeal window to close, both sides are now eyeing their next move in what could be a game-changing showdown! SEC Unlikely to Tackle XRP’s Security Status Don’t want to be accused of FUD with respect to XRP but obiter is…