Author: NBTC

Ethereum, mirroring the performance of Bitcoin and other top altcoins, is back above $3,000, days after the fall below $2,800. As the second most valuable coin recovers, injecting optimism among crashed token holders and traders, a close above $3,200 will be crucial in catalyzing demand. Ethereum Rising: Will Bulls Push Above $3,200? According to IntoTheBlock on July 10, if Ethereum edges above the $3,200 level, it will be a massive development for traders. When this happens, an estimated two million entities who traded ETH at this price point will be in the money. Therefore, if prices retest this level, those…

Key Points: Anticipated lower CPI numbers and recent weaker labor data suggest the Fed may cut rates in September and December. Fed Chair Jerome Powell’s testimony indicates the tightening cycle is achieving its goals, aligning with market expectations for a policy shift. A surge in S-1 filings for Ethereum spot ETFs suggests imminent trading, potentially attracting significant capital inflows and impacting market dynamics. QCP Capital expects that tomorrow’s softer Consumer Price Index (softer CPI) numbers might further strengthen the Federal Reserve’s inclination toward rate cuts in upcoming September and December meetings. This comes after a spate of softer-than-anticipated labor stats…

SOFA.org has earlier today announced a strategic partnership with Merlin Chain, an innovative Layer 2 scaling solution on Bitcoin. This collaboration marks a pivotal moment for SOFA.org as it aligns with a key player known for enabling Bitcoin holders to access a variety of protocols and yield-generation opportunities. The integration with Merlin Chain is poised to enhance the utility of the mBTC token by incorporating it into SOFA.org’s smart contract vaults, broadening the spectrum of investment products available to users. Merlin Chain’s decision to deploy its mBTC holdings into SOFA’s smart contract vaults reflects a shared vision of expanding the…

Bitcoin (BTC) has been leading the crypto market rally since late September 2023, with its dominance rising steadily from around 40% in 2022 to over 50% by May 2024. This surge is largely attributed to the approval of Bitcoin Spot exchange-traded funds (ETFs) in the US, driving increased trading volume on platforms like Bybit. Consequently, Bitcoin’s popularity is fueling interest in Layer 2 solutions aiming to enhance Bitcoin’s scalability and functionality for faster and cheaper transactions. Understanding Bitcoin Layer 2 Bitcoin Layer 2 refers to networks closely linked with Bitcoin, designed to improve its scalability, reduce transaction costs, and enable…

The leading analysts and pundits are divided when it comes to predicting how Ethereum exchange-traded funds (ETFs) are going to perform following their much-anticipated launch. Bloomberg’s James Seyffart recently spoke about this sentiment. The analyst says that half of his audience thinks that Ethereum ETFs attracting at least 20% of the assets recorded by Bitcoin ETFs would be considered to be very bearish. At the same time, the other half would view such inflows as super bullish. “No one knows anything,” the analyst summarized. For instance, banking titan JPMorgan is convinced that they are going to attract only a small…

According to a comprehensive survey by the Bank for International Settlements (BIS) in 2023, 86 central banks worldwide are deeply engaged in CBDC development. This burgeoning interest signals a significant move towards integrating digital currencies into the mainstream financial system, aiming to modernize payment mechanisms and enhance financial stability. The Rising Prominence of CBDCs Central Bank Digital Currencies represent a fundamental change in how we perceive and utilize money. Unlike traditional cashless payment instruments such as credit transfers and e-money, CBDCs are a direct liability of the central bank, offering a new form of digital money. This distinction is crucial…

Jito (JTO), an advanced liquid staking protocol on the Solana blockchain, offers Maximum Extractable Value (MEV) rewards to its users. By staking SOL tokens in specialized pools, users receive JitoSOL tokens, which combine both staking rewards and MEV benefits. This dual reward system not only boosts returns for holders but also aids in the decentralization of the Solana network. The article explores the nature of Jito (JTO) and how to purchase Jito (JTO) using Turkish Lira (TRY). Contents hide 1 What is Jito (JTO)? 2 How to Buy Jito (JTO) with TRY? 2.1 Steps to Purchase Jito (JTO) on Binance…

Insights from the 2nd International Workshop on DAG-based Distributed Ledgers TL;DR:The Beyond the Chain workshop on May 31, 2024, at Trinity College Dublin explored how DAG technology can overcome blockchain limitations. Shai Wyborski’s keynote emphasized DAG’s efficiency and scalability benefits over traditional blockchains. Presentations covered topics like secure IoT data transmission, shared objects in Sui smart contracts, name management using IOTA, and a study on DAG-based consensus protocols. Solving the limitations of traditional blockchain with Directed Acyclic Graph (DAG) technology is the focus of Beyond the Chain: Workshop on DAG-based Distributed Ledger Technologies. Featuring contributions by several IOTA Foundation members,…

Since March, the market has been range-bound between $60,000 and $70,000, with the halving event in April not providing the expected boost due to a general lack of market catalysts, a trader said. One firm said short-term bitcoin holders, who have historically influenced market trends, might play a significant role in the coming months. After periods when 94% of both long—and short-term holders were in profit, there has been a shift towards selling, leading to significant drawdowns in the following four to six months. The current cycle could follow a similar pattern if institutional demand and macroeconomic conditions weaken. Bitcoin…

After the downtrend over the past few months, Ethereum price is at a critical juncture, with potential for significant upward movement. Investors are closely watching key resistance levels to determine whether the ETH price will break through and continue its bullish trend. Ethereum Price Analysis: All Insights To Note 1- Current Ethereum Price Dynamics Ethereum (ETHUSD) is making efforts to surpass the key resistance at $3,132.80. A daily close above this level could set the stage for a rally towards $3,290.00 and potentially $3,360.31. However, failure to breach this resistance might lead to a retest of the $2,905.30 support area.…