Author: NBTC

Crypto analyst CrediBULL Crypto has provided deep insights into what to expect from the Ethereum price action going forward. The analyst predict that the second largest crypto token by market cap will still rise to $3,000 but noted that a crash will happen first. Ethereum To Rise To $3,000 Soon Enough In an X (formerly Twitter) post, CrediBULL Crypto shared a chart that showed that Ethereum would rise to $3,000 sometime in September. However, the analyst’s chart also showed that Ethereum will drop below $2,500 before it enjoys this move to the upside. CrediBULL Crypto did well to explain why…

In a speech today, Fed Member Michelle Bowman reiterated her cautious stance on US monetary policy and stated that inflationary risks continue. Bowman, speaking at a bankers’ conference in Alaska, said reacting too quickly to the latest economic data could jeopardize progress made in controlling inflation. Bowman, known as one of the Fed’s more hawkish policymakers, has refrained from endorsing further rate hikes, a position he has previously supported. However, he has given little indication that he is prepared to support an expected rate cut at the Fed’s Sept. 17-18 meeting. “If inflation continues to fall sustainably toward our 2%…

In an exciting development, BounceBit has announced its participation in “The Surge Volt 2” with LineaBuild, utilizing BBTC. This collaboration marks a significant step for BounceBit as it expands its reach and functionality within the crypto ecosystem. Users are encouraged to bridge their BBTC tokens using Protocol_Free’s bridge. This bridging process allows users to earn LXP-L points by adding liquidity to LayerBankFi. The initiative aims to incentivise liquidity provision, thereby enhancing the overall liquidity and usability of the BBTC token across platforms. BounceBit is joining the⚡️The Surge Volt 2 @LineaBuild with $BBTCBridge your $BBTC with @Protocol_Free’s bridge and start earning…

The scalability of financial technologies depends on legal system adaptability. India, with 93 million cryptocurrency owners, ranks first globally. However, India isn’t among the top 20 countries for favourable crypto regulations. Establishing a favourable legal regime is crucial for India’s financial market development, especially with the middle class projected to reach 90% of the population by 2039. Financial market regulation involves state control, which conflicts with the decentralized nature of blockchain technology (DLT). The challenge lies in finding a balance between transaction freedom with state oversight, as currency issuance is a sovereign function. Current uses of blockchain technology in the…

The publicly-listed Bitcoin (BTC) miner from Wall Street (NASDAQ: ARBK) and London Stock Exchange (LSE: ARB), Argo Blockchain, announced today (Wednesday) its interim results for the first half of 2024. The company reported an 18% increase in revenue to $29.3 million compared to the same period last year, achieving growth despite the Bitcoin halving event and a significant decrease in the number of Bitcoin mined. The London-based firm mined 507 Bitcoin during the first six months of 2024, a 46% decrease from the 947 Bitcoin mined in the first half of 2023. This reduction was primarily attributed to the increase…

Tezos, a well-known blockchain project, has just formed a partnership with the Tap & Pay app by Oobit with the aim of simplifying the world of crypto payments. From now on, anyone will be able to use any Visa and Mastercard terminal to make payments using the XTZ resource. The collaboration between the parties also includes the integration of the Tezos chain on Oobit and the launch of the payment app on iOs. Let’s see all the details below. Tezos announces partnership with Oobit: the Tap & Pay app simplifies crypto payments Oobit integrates support for Tezos Network and announces…

Bitcoin (BTC) price closely followed Asia’s Nikkei 225 in a bullish recovery on Tuesday. The flagship coin pumped over 3 percent in the past 24 hours to trade about $60.5k on Tuesday during the early Asian session. As a result, almost the entire crypto industry followed the same path, led by Binance Coin (BNB), Ripple-backed XRP, and Tron (TRX). The notable Bitcoin price recovery in the past 24 hours reduced the fear of further capitulation as more buyers doubled their investments. Bitcoin’s fear and greed index increased from 28 percent to 30 percent, denoting reduced fear of further crypto capitulation.…

Recently, substantial Ethereum transfers by key institutional crypto players have resulted in several concerns among community members. Lookonchain, a well-known on-chain analytics firm, has disclosed that the two popular institutions Cumberland an Group potentially transferred huge ETH amounts to Kraken and Binance, raising speculation about likely selling activity. The analytics platform disclosed the respective development on its official social media account. It looks like institutions were selling $ETH today!#AmberGroup deposited 6,443 $ETH($17.62M) to #Binance and #Kraken 6 hours ago.#Cumberland deposited 6,439 $ETH($17.66M) to #Binance 3 hours ago.Address:0xEc9fC235A8064698A2533c2D489DEFF4fBA8226B… pic.twitter.com/PO2DzPxcWp — Lookonchain (@lookonchain) August 26, 2024 Cumberland and Amber Group Transfer $35…

Fed Chairman Jerome Powell is expected to strike a dovish tone in his highly anticipated speech at the Jackson Hole symposium on Friday. But market analysts warn that Powell’s speech may fall short of answering fundamental questions and leave investors uncertain about the future direction of U.S. monetary policy. John Velis, a strategist at BNY Mellon, underscored the delicate balance Powell must strike in a note ahead of the symposium. “We expect Powell to sound dovish, but we don’t expect the speech to get bogged down in details. Key questions about the size of the first rate cut or the…

Launch of I3-Lab at Imperial College London TL;DR:The I3-Lab at Imperial College London, partly funded by the IOTA Foundation, focuses on circular economy research using digital tools. Launching today, July 3, 2024, the Lab aims to innovate sustainable business models and technologies to decouple economic growth from resource consumption. We are thrilled to announce the I3-Lab at Imperial College London, a state-of-the-art research facility focused on the circular economy. It is funded by a £1M donation from the IOTA Foundation, additional funding by Imperial, and further grant support from UK Research and Innovation, and the European Union. The I3-Lab will…