Author: NBTC

Despite the launch of the Spot Ethereum ETF, Ethereum could not start the expected rally and may need some more time. Ethereum Rally Could Extend to Fourth Quarter! Cryptocurrency analyst Elja Boom X stated in his post on his account that the ETH rally may be delayed until the fourth quarter of 2024. Accordingly, the analyst pointed out that ETH is currently in the consolidation phase, which is described as a boring phase, and said that there will be no breakout that will start a rally before the fourth quarter. “ETH is trading above the EMA 50 support level. Price…

Lloyds Bank says tens of thousands of customers in the UK are falling for fake websites while shopping. The bank says credit and debit card customers have been fooled into buying items that never arrive, pouring a total of $8 million (£6 million) into the hands of scammers in the last year alone, reports Yahoo Finance. Scammers are masquerading as popular brands on social media in order to trick victims into visiting the phony sites and purchasing what they believe to be legitimate products. As an example, a company going by “SM Wallet” posed as luxury clothing outlet House of…

The Shiba Inu community is currently voting on a proposal to allocate 37.5 ETH, roughly $100,000, that it received from Welly’s, a partner project. On August 31, Shiba Inu’s lead developer, Shytoshi Kusama, urged the project’s decentralized autonomous organization (DAO) to participate in this important vote. He explained that the proposal aims to ensure transparency and promote further decentralization within the ecosystem. Shiba Inu DAO Decides How to Utilize $100,000 in ETH Funds Kusama offered four ways to use the funds. The first option involves placing the funds in a new multisig wallet. A group of individuals, each with one…

Crypto markets showed little movement during European trading hours on Tuesday, with Bitcoin and Ethereum both experiencing slight dips despite overall weekly gains. This comes a day after former U.S. President Donald Trump’s highly anticipated Spaces interview with Tesla CEO Elon Musk on Twitter, which notably lacked any mention of cryptocurrencies. At the time of writing, Bitcoin was trading at $59,398.28 after a sleepy start during European hours. The Bitcoin price is currently up 2.5% over the past 24 hours and has gained 8.4% since this time last week, according to data from CoinGecko. The Ethereum price followed a similar…

Leading altcoin Ethereum has seen a significant price decline. Currently trading at $2,551, ETH has dropped by over 20% in the past month. This downturn has led Ethereum whales to gradually reduce their positions in the past few weeks. Ethereum Large Holders Excercise Caution Due to ETH’s double-digit price decline, ETH whales have reduced their trading activity over the past month. This can be gleaned from the decline in the coin’s large transaction count in the past 30 days. According to IntoTheBlock’s data, the daily count of ETH transactions worth between $1 million and $10 million has dropped by 5%…

In a recent interview on CNBC’s “Fast Money,” David Rosenberg shared his thoughts on the current economic landscape, expressing strong concerns that a recession is imminent. David Rosenberg is the Founder and President of Rosenberg Research & Associates Inc., an economic consulting firm he established in January 2020. The firm focuses on providing investors with economic analysis to support their investment decisions. Before founding Rosenberg Research, Rosenberg held several prominent positions in the financial industry. From 2009 to 2019, he served as the Chief Economist and Strategist at Gluskin Sheff + Associates Inc. Prior to that, he was Chief North…

XRP is changing the crypto world by providing lightning speed and geographical limitation on transactions in the digital payment industry. On the other hand, TRON, Avalanche, NEAR, and Internet Computers are cultivating the development of new ideas to be implemented into the blockchain that may define the future of decentralized technology. XRP: The Visionary Payment System of Ripple Labs Current price:$0.5672 Market cap:$31.9B XRP is the cryptocurrency created by Ripple Labs to achieve world payment system innovation. The XRP Ledger makes it possible to employ a fast and inexpensive distributed payment system by removing borders. Unlike Bitcoin, which takes several…

The Federal Bureau of Investigation (FBI) has responded to a Freedom of Information Act (FOIA) request from prominent tech entrepreneur and disinformation researcher Dave Troy about enigmatic Bitcoin creator Satoshi Nakamoto. In its response, which was published on Troy’s X social media profile, the FBI stated that Satoshi could be “one or more third-party individuals,” adding that it can neither confirm nor deny their existence. Troy has stated that he is going to appeal the response, adding that his intention is to get possible information that the FBI may have on the subject. Such information might be useful for establishing…

Outflows from US spot Bitcoin exchange-traded funds (ETFs) hit $277 million last week as the crypto market faced downturns, with Bitcoin lingering below the $60,000 mark and most altcoins continuing to decline. According to data from Farside Investors, the group of US Bitcoin funds collectively drew in around $202 million in new investments on Monday, with BlackRock’s iShares Bitcoin Trust (IBIT) accounting for the majority of daily inflows. On that day alone, IBIT logged over $224 million in net capital. After a strong start to the week, spot Bitcoin ETF flows turned negative on Tuesday and extended their losing streak…

Ripple released 1 billion XRP tokens, causing a 2% drop in the cryptocurrency’s price and raising community concerns. The release is part of Ripple’s monthly strategy to manage supply, but its effectiveness on XRP’s value is being questioned. XRP’s price and trading volume dropped significantly following the release, reflecting reduced investor activity. Ripple(XRP), one of the companies in the blockchain arena, transferred 1 billion XRP tokens kept in their escrow wallet. This regulation of the number of socks in the turnover brought down the price of XRP by 3%. However, the estimate of such measures leaves much to be desired.…