Author: NBTC

Experienced cryptocurrency analyst Michaël van de Poppe talked about the course of Bitcoin and the general cryptocurrency market in his statement. According to the analyst, critical decisions await Bitcoin in the coming period. Van de Poppe said that the $60,500 to $61,000 threshold for the BTC price is still holding, and exceeding $63,000 means removing the next obstacle to reach the all-time high. However, the analyst stated that if the $60,500 support level is broken, he sees $52,000 to $55,000 as the next support zone. Addressing the altcoin market, the analyst claimed that many altcoins have formed a double bottom…

JPMorgan Chase, Bank of America and Wells Fargo have reportedly agreed to testify at a US Senate hearing over hundreds of millions of dollars in fraud on the payments network Zelle. Executives involved in the banks’ payment operations are expected to appear on July 23rd, reports Politico, citing sources who were allowed to speak anonymously about the plan. The hearing will be held by the Permanent Subcommittee on Investigations, which says the banking giants’ customers reported $456 million in fraudulent transactions on Zelle in 2022 – with the banks refusing to reimburse $115 million in claims. Democratic Senator and Chairman…

KAS, the native token of the proof-of-work cryptocurrency Kaspa, has soared 20% as its price nears a potential all-time high. At the time of writing, Kaspa (KAS) has experienced a 200% increase in trading volume and an 18% increase in price during the previous 24 hours. The cryptocurrency asset has risen 25% in the previous seven days and 61% in the last 30 days, indicating an optimistic prognosis for the altcoin this month. KAS 24-hour price chart | Source: CoinMarketCap According to CoinMarketCap, the token now ranks 26th in the global cryptocurrency list, with a trade price of $0.176, a…

In anticipation of the upcoming US inflation report, savvy investors have purchased 70,000 Bitcoin (BTC), signaling a strategic pivot towards cryptocurrency as a hedge against potential economic volatility. This massive acquisition follows a significant 1 million BTC sell-off at the close of 2023, underscoring renewed confidence among long-term holders in BTC’s value. Investors Return to Buy 70,000 BTC Ahead of CPI Report Recent worries about inflation and the decreasing worth of fiat currencies have sparked renewed interest in alternative stores of value. Indeed, on-chain data from Glassnode reveals investors are strategically accumulating more Bitcoin. Their actions suggest a belief in…

UBS sees gold as an attractive geopolitical hedge and portfolio diversifier, rating the metal as most preferred in its investment lessons for the second half of the year report. The bank highlights strong market performance driven by AI investment and recommends diversified portfolios across various assets, regions, and sectors to navigate political and economic uncertainties. UBS Highlights Key Investment Lessons for H2 2024 UBS’ Wealth Management published a report this week titled “Investment Lessons for the Second Half.” The report, authored by the UBS Editorial Team with major contributions from chief investment officers Solita Marcelli and Mark Haefele, highlights several…

It’s a red day for meme coin favorites Pepe, BONK, Floki Inu and Shiba Inu as they all post big losses over the past day. But Coinbase Ethereum L2 Base’s Brett (BRETT) has seen huge gains. At the time of writing, Pepe (PEPE) and Bonk (BONK), have each dropped 8% in the past 24 hours. Early Tuesday morning the PEPE price is sitting at $0.00001417 and the BONK price has settled at $0.000032, according to CoinGecko data. The losses for Ethereum meme coin competitors have been less severe for Floki Inu (FLOKI) and Shiba Inu (SHIB). Both coins have lost…

The U.S. state of Hawaii’s regulatory sandbox concludes today. Crypto companies will no longer require a Hawaii-issued money transmitter license to conduct business within the state. However, they must comply with federal regulations. Hawaii’s Regulatory Sandbox Concludes The Department of Commerce and Consumer Affairs of Hawaii and the Hawaii Technology Development Corporation (HTDC) issued an announcement on Friday reminding the public that its regulatory sandbox, the Digital Currency Innovation Lab (DCIL), concludes on June 30. The DCIL is a two-year pilot program by the State of Hawaii, established through a partnership between HTDC and the Hawaii Division of Financial Institutions…

Bitcoin price is holding the key support at $60,000. BTC could start another increase and rise toward the range resistance at $63,500. Bitcoin is still trading in a range between $60,000 and $63,500. The price is trading above $61,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $61,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears $62,200 and $62,500. Bitcoin Price Remains Steady Bitcoin price started another decline from the $63,500 resistance zone. BTC traded…

TAIPEI, July 7 (Reuters) – Taiwan’s central bank said on Sunday that it has no timetable for launching a digital currency, warning the process will be “huge and complex”, but it will hold public hearings on the matter next year to spread knowledge. Taiwan’s central bank has been working on a pilot for a government-run digital currency, to allow people to use a digital wallet and make payments without using a debit or credit card. “Although the bank currently has no timetable for issuing central bank digital currency, in the process of continuous research and experimentation it is already improving…

While partnerships continue to increase in the cryptocurrency industry, the latest partnership news came from German telecom giant Deutsche Telekom and NEAR. Accordingly, T-Systems, a subsidiary of German Telecom giant Deutsche Telekom, and Aurora Labs, the developer of NEAR, announced that they have established a new partnership. As part of this partnership, Aurora Labs and T-Systems will work together on next-generation software updates. The partnership combines Aurora Labs’ proprietary software update technology with T-Systems’ wireless platform, allowing manufacturers to optimize time-to-market and total cost of ownership for software-defined vehicles, enabling every device in the vehicle to be used anywhere, at…