Author: NBTC

According to some analysts, the FED is expected to implement aggressive easing measures in the face of slowing inflation. Economists at Pantheon predict that the Fed will cut interest rates by 25 basis points in September, followed by twice as large cuts in November and December. This represents a much more aggressive easing than the one or two cuts that markets expected and officials predicted for 2024. Economists argue that future data will show that the acceleration in the 1st quarter was an anomaly and that the disinflation trend has become ingrained. As a result, Pantheon predicts that there will…

Baby Dogecoin hints at an imminent major exchange listing. BabyDoge trading volume is down 28% in the past 24 hours. Baby Dogecoin (BabyDoge), a popular memecoin that ranks 17th in market capitalization among top memecoins, has once again captured the attention of the cryptocurrency community. This resurgence in interest follows a recent cryptic announcement on its X (formerly Twitter) account. The post featured the BabyDoge logo accompanied by several question marks and a large blue question mark on a faceless blue round logo. The caption asked, “What exchange would you like to see BabyDoge listed on next?” This teaser has…

The stablecoin rules from the European Union’s Markets in Crypto Assets legislation will take effect on June 30. The rules ban stablecoins from having over 1 million daily transactions that pay for goods or services settled off- and on-chain. Tether, Circle and other big stablecoin issuers will soon be on a tight leash in the European Union. With new rules that take effect on June 30, not only will they require appropriate authorization to operate in the 27-nation trading bloc, they will also face the tough limits on transaction numbers and values set out in the Markets in Crypto Asset…

xPortal, a crypto-based financial app on the MultiversX blockchain, has added Shiba Inu among crypto assets usable via its card service. In a Friday announcement, xPortal disclosed that it is opening new top-up avenues for its crypto debit card service. Following the update, crypto enthusiasts can now top up their cards with various crypto assets like Shiba Inu and spend them immediately. Notably, other assets xPortal added as new top-up avenues for its debit card service include Chainlink (LINK), Uniswap (UNI), popular meme coins Dogecoin (DOGE) and PEPE, and stablecoins USDT and USDC. New top up avenues available! 🗣️ Top…

The latest price analysis by Coinidol.com report, Ethereum (ETH) price has broken down after being stuck between the moving average lines. Long-term analysis of the Ethereum price: bearish The bulls and bears have started a price battle for control of the market. After a two-week price battle, the bears have gained the upper hand after breaking the 50-day SMA or the critical support at $3,400. This resulted in the crypto price falling below the moving average lines as it hit the low of $3,231 and retreated. Ether has made an upward correction but was stalled at the high of $3,431.…

There’s now more than $7 million wagered on U.S. President Joe Biden dropping out of the election on crypto betting site Polymarket. And after his performance during the first 2024 Presidential Election debate against presumptive Republican nominee Donald Trump, the odds that he will leave the race have spiked to 38%. Meanwhile, the biggest political betting pool on the site—$191 million that’s being wagered on the winner of the election—now shows a 63% chance that Trump will win in November. That’s despite the fact that the former president is now a convicted felon and is still awaiting sentencing in July.…

In a recent flurry of activity within the cryptocurrency market, Shiba Inu (SHIB) has seen a significant increase in trading volume and price. According to the latest report from Lookonchain, a notable $35.2 million was invested into purchasing approximately 1.356 trillion SHIB by nine wallets, which include two prominent whale accounts. These transactions occurred over a span of just 12 hours, leading to a noticeable impact on the market. The price of SHIB surged nearly 6% during this period, aligning closely with the overall upward trend observed across the broader crypto market. However, the specifics of these large purchases have…

In a recent development, a court has ruled against the Securities and Exchange Commission (SEC) for illegally rescinding a rule on proxy advisory firms. Ripple CLO Stuart Alderoty highlighted this event, noting that the move was made without following the Administrative Procedure Act, with SEC Chairman Gary Gensler personally directing the action. The SEC’s Proxy Advisory Firms Rule, enacted in 2020, was designed to increase transparency and accountability by requiring proxy advisory firms to share their voting recommendations with target companies at the same time they share them with their clients, disclose potential conflicts of interest and allow companies to…

In June, the number of cryptocurrency automated teller machines (ATMs) saw a slight decline, yet 377 new ATMs were installed during the month. Since January 2024, data shows a total of 2,564 crypto ATMs have been deployed globally. 2024 Sees Steady Rise in Crypto ATMs Despite June Dip At the end of 2022, there was a notable drop in bitcoin or crypto ATMs, with the worldwide count falling from 39,541 to 32,471 by July 2023. Currently, there are 38,279 crypto ATMs, indicating that 5,808 machines have been added over the past 11 months. Approximately 2,564 crypto ATMs have been installed…

After a bearish correction phase, the price has now reached a crucial support zone, defined by the 100-day moving average and the 0.5-0.618 Fibonacci levels. Given the strong demand at this juncture, a mid-term bullish rebound is looking likely. By Shayan The Daily Chart A detailed examination of the daily chart reveals that Ethereum has entered a significant support zone following a corrective pullback. This zone spans the price range between the 0.5 ($3421) and 0.618 ($3289) Fibonacci levels, coinciding with the critical support of the 100-day moving average ($3387). This area is poised with potential demand, where market participants…