Author: NBTC

Bitcoin is now over 640 days into a bull market, if you believe we’re still in one. A couple hundred days ago back in January, bitcoin’s bull market performance to date had more or less tracked between the previous two cycles: just under 4.5x returns. Bitcoin at this point in the 2015 to 2018 cycle was however quickly heating up. Between January and July 2017, bitcoin exploded from $800 to over $2,800. It eventually carried onto nearly $20,000 by the end of the 2017, setting an all-time high that wouldn’t be broken for three years. The lines pit bull markets…

XRP community member “Financial Freedom” has challenged the notion of XRP reaching $1,000, dismissing it as unrealistic while noting that $15 may be attainable. This comes as members of the XRP community recently unearthed old commentaries by the U.S.-based exchange Uphold concerning XRP reaching $1,000. While some XRP proponents remain optimistic about the ambitious target, others, like “Financial Freedom,” are calling for a more realistic outlook. First, the commentator criticized the community for entertaining such “insane price predictions,” pointing out the unrealistic nature of the forecast given current market dynamics. Specifically, “Financial Freedom” noted that at the hypothetical $1,000 price,…

In a recent tweet, Japanese cryptocurrency exchange CoinCheck announced the listing of the seventh largest digital currency XRP. Aside from that, the platform is listing five other cryptocurrencies – Ethereum (ETH), Shiba Inu (SHIB), NEM (XEM), IOST (IOST), and Enjin Coin (ENJ). The first X post, announcing the upcoming listing of these digital assets was published by the platform on August 30. CoinCheck holds the 48th position on the CoinMarketCap list of crypto exchanges around the world. /／Coincheck取引所において6通貨の取扱いを開始しました！✨\＼本日より #Coincheck 取引所においてETH、XRP、SHIB、XEM、IOST、ENJの取扱いスタート！🔥 https://t.co/NOY7NT7SfY — Coincheck(コインチェック) (@coincheckjp) September 4, 2024 This XRP listing comes after the major Ripple win in court, which the…

Veteran Trader Peter Brandt has recently highlighted an intriguing price pattern emerging for Bitcoin (BTC). In a recent tweet, Brandt shared his perspective on charting and pointed out that Bitcoin’s price action was displaying an inverted, or expanding, triangle pattern. Brandt revealed his disciplined approach to trading, saying, “I do not trade opinions. I trade set-ups via classical charting principles. I avoid trades when price is range bound. My entry is on completed patterns.” “BTC displays what is known as an inverted or expanding triangle,” Brandt added. Perspective on chartingI do NOT trade opinions. I trade set-ups via classical charting…

MUNCAT, a newly launched meme coin based on the Tron blockchain, has jumped 70% over the past day, making it the top gainer in the crypto market. At the time of writing, MUNCAT (MUNCAT) was exchanging hands at $0.0402, with its daily trading volume up 737%, hovering around $6.98 million, per data from CoinGecko. According to DEX Tools, MUNCAT’s market capitalization surged to over $38.3 million, with the number of holders surpassing 8,900. The network activity was predominantly bullish, as reflected by the number of buy transactions, which exceeded 993. The latest surge in MUNCAT comes as the meme coin…

Zurich Cantonal Bank, Switzerland’s fourth-largest bank, has launched crypto trading and custody services, expanding its financial offerings. Zurich Cantonal Bank, Switzerland‘s fourth-largest bank, has officially entered the crypto market, offering its clients the ability to trade and store Bitcoin (BTC) and Ethereum (ETH). In a Sept. 4 press release, the bank said the new offering is integrated into its existing digital platforms, including ZKB eBanking and ZKB Mobile Banking. The bank has partnered with Crypto Finance AG, a subsidiary of Deutsche Börse Group, to execute crypto trades, the press release reads. Alexandra Scriba, head of institutional clients & multinationals at…

In a significant move to push artificial intelligence (AI) and Web3 integration beyond the boundaries, Petoshi announces a strategic partnership with EMC Protocol. Petoshi, a well-known ‘tap to earn’ platform shares groundbreaking news on its X official account to team up with EMC Protocol, a leading player in AI and decentralized computing (DePIN). Through this collaboration, both FinTech firms aim to revolutionize the AI and Web3 integration to serve the crypto community in a better way. 🎉 We are excited to partner with @EMCprotocol, a top #AI #DePIN in AI+Web3, connecting computing power with AI d’apps.🚀 Together, we will push…

El Salvador President Nayib Bukele announced that Turkish company Yilport Holdings will invest $1.6 billion—the largest private investment in the nation’s history—to upgrade two ports, including one in the home of the proposed Bitcoin City, according to an Aug. 12 video statement. Bukele’s video revealed that Yilport would be upgrading the ports at Acajutla and La Unión — the latter being the site of the proposed Bitcoin City. President Bukele announced that this investment marks the third phase of his government’s economic development program, focusing on logistics. He emphasized that this investment would create “new and improved trade opportunities” for…

For many weeks, Ethereum’s (ETH) price has been eyeing a return to $3,000. Unfortunately, that has not happened due to several rejections and a rather quiet broader market. However, the underwhelming price action is not the only challenge facing the blockchain, ranked as the second-most valuable crypto project. This on-chain analysis highlights the other parts and what could become of ETH price in the short term. Ethereum Earnings Down, Some Whales Out According to Artemis data, Ethereum’s revenue has plunged to its lowest point this year. This dramatic decline is a stark contrast to the value in March. During that…

The Cardano community patiently awaits the Chang hard fork upgrade to usher in the Voltaire Era. Input-Output Global developers have worked on this upgrade for months to return governance to the community. As Charles Hoskinson recently hinted, the team has now burnt the “Genesis Keys,” which arguably gives IOG the control it has over the protocol. Last Chang hard fork hurdle cleared After its last postponement, the Chang hard fork upgrade is scheduled for Sept. 1. While there are many boxes to tick ahead of this update, the lockup of the Genesis Keys was one of the most important. Without…