Author: NBTC

Bitcoin (BTC) has plunged 15% over the past month, with many market observers placing the blame on selling pressure from bitcoin mining operators, Mt. Gox refunds and, most recently, the German state of Saxony. The case for the above catalysts as behind the major price decline has been overstated, said Greg Cipolaro, research head at NYDIG, in a Wednesday note. “While emotions and psychology may rule over the short-term, our analysis suggests that the price impact from potential selling may be overblown,” he wrote. “We aren’t oblivious to the fact that other factors may be at play here, but it…

Alliance DAO reported that Asia and Africa showed a rise in crypto-based startups. Ethereum is the largest L1 that dominates the crypto ecosystem. Crypto accelerator and DAO community published an X article bringing on chain insights for H1 2024. The reports showed that the eastern continents, Asia and Africa have shown increased numbers of crypto-based startups. Over the past months, these regions have also seen advancements in Regulations and new launches within the crypto sector. According to the report, Europe surpassed the superpower US to become the leading region in terms of number of startups. The central continent now accounts…

Key Points: Issuing 21 million AO tokens with 100% fair distribution starting June 13 at 23:00 Beijing time. AO tokens minted through cross-chain transactions, AR holding, or construction, with a 4-year halving cycle. A new non-profit organization will ensure transparency and integrity in the token distribution process. Arweave AO has announced via the X platform that it will be issuing its own AO tokens. Emphasizing a commitment to fairness, the token issuance will be conducted with a 100% fair mechanism. Each AO token will be minted through cross-chain transactions to AO, holding AR, or construction activities, ensuring wide and equitable…

A widely followed crypto analyst says that one classic indicator could dictate Bitcoin’s (BTC) next price move. In a new video update, crypto strategist Benjamin Cowen tells his 803,000 YouTube subscribers that the crypto king’s relative strength index (RSI) – a momentum oscillator used to analyze whether an asset is overbought or oversold – is giving “uncomfortable” vibes. Looking at two-week candles, Cowen notes that every single one of Bitcoin’s price tops coincided with the RSI hitting the same downward resistance level – something that has already happened in March. “We can also look at this on a two-week time…

LONDON, July 11 (Reuters) – European fund giant DWS (DWSG.DE, opens new tab has created a new company as part of its plans to launch the first German-regulated cryptocurrency next year, the firm’s CEO told Reuters, as major financial companies jostle to launch new digital tokens. Deutsche Bank-owned DWS, which manages 941 billion euros ($1 trillion) globally, plans to go live with the first euro-denominated stablecoin to be regulated by Germany’s BaFin watchdog in 2025, Stefan Hoops said. BaFin declined to comment. DWS had previously said the token would be launched by June next year. It declined to comment on…

Key Points: Worldcoin extends loan agreement with five entities until June 14, 2025, preserving circulating supply. Other terms of the agreement remain intact, ensuring stability in Worldcoin’s lending framework. Extension maintains liquidity, reinforcing Worldcoin’s commitment to a robust cryptocurrency ecosystem. In a recent update shared on the official blog of Worldcoin, significant developments regarding loan agreements have come to light. On December 16, 2023, World Assets Ltd., a subsidiary of the Worldcoin Foundation, inked a loan pact with five international trading entities. These companies, operating beyond the borders of the United States, collectively received a substantial loan of 10 million…

Bitcoin miners have faced significant underpayment since mid-June, according to metrics from cryptoquant.com. As of now, the estimated value of 1 petahash per second (PH/s) of hashrate remains notably low at $47.79 per PH/s. Despite the revenue decline, Bitcoin’s hashrate is still just under the 600 exahash per second (EH/s) mark. Bitcoin Miners’ Earnings Plummet; Difficulty Retarget Increase Still Expected Currently, bitcoin miners are struggling, and data from cryptoquant.com indicate that they have been “extremely underpaid” since June 16, 2024. The most challenging day for miners was July 6, with Luxor’s Hashprice Index showing the estimated value of 1 PH/s…

Bitcoin (BTC) still holds the $58,000 price level as a key area to flip its choppy moment, according to the trader who identifies himself as Altcoin Sherpa. This area is BTC’s exponential moving average of 200 days (EMA 200), and the price must close above it in “higher timeframes” so Bitcoin can chase $63,000. “Can’t break it, we test the low 50ks. Wait and see mode now,” added the trader. Bitcoin daily chart with 200d EMA. Image: Altcoin Sherpa/TradingView Bitcoin tried to fly higher today, as reported by a fellow trader identified as Rekt Capital, who posted on X that…

The leading cryptocurrency Bitcoin has fallen to $ 53,500 in recent weeks due to sales pressure caused by Mt.Gox refunds and German government sales. However, with the upward momentum that started over the weekend, BTC rose above $ 59,000 this week. While BTC moved above $ 58,000, critical inflation data expected from the USA and applications for unemployment benefits were announced. Here is the announced data: Consumer Price Index Monthly: Announced -0.1% Expected 0.1% – Previous 0.0% Consumer Price Index Annual: Announced 3.0% – Expected 3.1% – Previous 3.3% Core Consumer Price Index Monthly: Announced 0.1% – Expected 0.2% –…

Terraform Labs and its founder Do Kwon have agreed to a tentative settlement with the US Securities and Exchange Commission (SEC). According to court documents filed on Thursday, the Singapore-based crypto entity and Do Kwon had reached the agreement with the US regulator to settle the fraud case on May 29. The development follows a recent court ruling that found Do Kwon and Terraform Labs guilty. Terra (LUNA) token rockets 30% on news Terra (LUNA) and Terra Classic (LUNC) prices jumped amid the news, with the LUNA token the biggest gainer as its value rose more than 30%. According to…