Author: NBTC

A few months ago, Swan Bitcoin was climbing the ranks among the world’s largest Bitcoin companies. It passed $220 million in annualized revenue, planned to IPO on the Nasdaq, was mining 1.7% of the entire Bitcoin network (11.3 exahashes per second), and scheduled its third annual conference along with an additional events business. Not only that, on May 7, Swan confirmed rumors that had circulated since January that it had partnered with Tether for its Managed Mining business. As of January 12, the company had taken in approximately $25 million of a $30 million convertible note leading into its Series…

It’s a long road ahead to the US election in November, something of which holders of political parody memecoins are likely all too aware. Tokens like boden, tremp and more recently kama are a genre all to themselves. They caught fire earlier in the year, an extension of the memecoin mania that largely gripped Solana and Base. “PolitiFi,” as it’s come to be known, is a catch-all term for memecoins and social tokens with a political bent. They’re usually named after a politician or pundit. But a subset of those tokens has its own nomenclature and art style — misspellings…

Amid a slow period for the price performance of Bitcoin (BTC), which has been struggling to pull itself above the psychologically critical level of $60,000, cryptocurrency analyst Ali Martinez believes it might happen very soon, placing the next target for the maiden crypto asset at $64,000. Specifically, Martinez has noticed similarities in price movements between Toncoin (TON), the native token of decentralized layer-1 blockchain The Open Network, and Bitcoin, with the former possibly “leading the way” for the latter, according to his X post on August 14. Indeed, Bitcoin’s current price performance remarkably mimics that of TON, which is currently…

The business outlined their strategy to repay creditors via PayPal’s Hyperwallet service. The cryptocurrency lender is attempting to sidestep any complications or setbacks. Insolvent Crypto lender Celsius Network has filed a notice to the court about its intentions to distribute funds to creditors. In a filing submitted to the US Bankruptcy Court for the Southern District of New York, the attorneys for the business outline their strategy to repay creditors via the use of PayPal’s Hyperwallet service. The insolvent company reportedly cited potential problems with wire transfers as a reason for its decision to adopt Hyperwallet. Problems may arise, for…

In an unexpected and thrilling announcement, Shiba Inu’s pseudonymous lead, Shytoshi Kusama, has taken to X (Twitter) to announce its first-ever meet and greet event, stirring excitement within the SHIB community. The event is set to take place at the IVS Official Shiba Inu booth in Kyoto, marking a significant moment for the community. See you tomorrow at around noon in the @IVS_Official Shiba Inu booth for my first EVER meet and greet! I’m excited to meet you all in Kyoto #shibarmy. @Shibtoken @sheerazhasan @treatsforShib @kaaldhairya @LucieSHIB @shibarium_ — Shytoshi Kusama™ (@ShytoshiKusama) July 4, 2024 Kusama broke the news in…

On Wednesday, Bitcoin (BTC) exchanged hands for as much as $61,809 after the US Bureau of Labor Statistics (BLS) released July’s Consumer Price Index (CPI) inflation data, which came in at 2.9%, lower than what was recorded in June. However, this proved to be a “fakeout” as the leading coin’s price soon plummeted to trade below the $60,000 price mark. Bitcoin‘s Brief Rally to $62,000 A “fakeout” occurs when an asset’s price moves in one direction, often misleading traders, before quickly reversing its course. This happened with BTC, which rallied to almost $62,000 after the BLS released July’s CPI. As…

As anticipation builds for Fed Chair Jerome Powell’s speech at the Jackson Hole Economic Symposium, Evercore ISI analysts predict Powell will take a flexible approach to potential rate cuts. Evercore ISI analysts said in a recent note that Powell’s speech Friday morning will provide insight into the Fed’s strategy for lowering interest rates. They expect Powell to convey that the central bank is prepared to implement significant reductions if the economic situation warrants it. Analysts expect Powell to reassure markets by saying the Fed is open to larger cuts of up to 50 basis points if necessary, although the base…

MANTRA, a real-world asset (RWA) layer-1 blockchain, is an outlier in the crypto market today, outperforming all major cryptocurrencies with a notable 11% gain. With gains coming on the back of a major platform milestone, the native OM token reached $0.89 on Thursday. These are gains that helped MANTRA recoup most of the losses suffered when the altcoin dropped to $0.68 on Wednesday. MANTRA surges after major RWA partnership MANTRA launched its native token in October 2020, and has recently witnessed a major shift in sentiment as the RWA narrative strengthened. This tokenization drive saw a major bullish flip on…

In the aftermath of the United States Consumer Price Index release, Bitcoin (BTC) experienced a sharp correction, but analysts are maintaining a long-term bullish outlook. Particularly, crypto trading expert Trading Shot, in an August 14 TradingView post, suggested that technical indicators and historical price movements point to Bitcoin possibly reaching a record high of $300,000. In arriving at this potential price target, the expert noted that in July 2024, Bitcoin closed in the green zone. Despite a sharp drop at the start of August, the market quickly rebounded, demonstrating strong buying power. This recovery aligns with the 0.786 Fibonacci retracement…

The Fed is expected to cut interest rates by three quarter points before the end of the year, according to the latest Reuters poll of economists. This represents a more aggressive approach than previously expected, with most participants now predicting a 25 basis point cut at each of the Fed’s remaining meetings in 2024. The shift in sentiment came after a weaker-than-expected July employment report, which initially led rate futures traders to expect a cut of as much as 120 basis points through 2024. That estimate has since been trimmed to around 100 basis points. Market dynamics also affected these…