Author: NBTC

The historical data signifies that the chief crypto token Bitcoin offers a surprising outlook in terms of price movement. A popular crypto market analyst TXMC has recently discussed the current status of Bitcoin and its potential move shortly. The analyst took to the social media platform X to provide the details about Bitcoin’s recent price recovery. BTC reached its prior high before the halving and only 17 months after its FTX low. Extremely fast by its standards for a move that strong.But also if you think about it, 2022 was the first Bitcoin bear that NEVER had even a 50%…

The amount of Ethereum that’s currently staked within the network is near an all-time high as rewards for locking up ETH are on the rise—and just days before spot Ethereum ETFs are expected to begin trading in the United States. More than 33.2 million Ethereum tokens (worth roughly $114 billion) were staked as of publication time, representing about 28% of the total ETH supply, Coinbase’s data shows. The growth in the total value of staked ETH coincides with a nearly 5% increase in the estimated reward rate for staking ETH over the past month. Staking Ethereum is the process by…

MOSCOW, July 17 (Reuters) – Russia should accelerate the creation of infrastructure for payments in cryptocurrencies but carefully weigh the associated risks, its money laundering watchdog said on Wednesday, ahead of a parliamentary vote on digital assets legislation. Russia has faced significant delays in international transactions with major trading partners such as China, India, the United Arab Emirates and Turkey, after local banks, under pressure from Western regulators, have become more cautious. The new legislation, expected to be reviewed by parliament on July 23, will allow the use of cryptocurrency transactions in international payments to maintain trade flows. “This is…

Today, Ondo Finance, a leading provider of institutional-grade financial infrastructure, has announced a strategic partnership with MSafe, a renowned multi-signature asset management solution. This alliance is set to redefine how operations are secured on the Sui Network, marking a significant advancement in blockchain security and operational efficiency. The collaboration between Ondo Finance and MSafe will focus on the enhancement of the USDY stablecoin operations on Sui, a blockchain network known for its high throughput and adaptability. By integrating MSafe’s robust security solutions, Ondo aims to bolster the reliability and safety of USDY transactions, ensuring a fortified trust framework for its…

Bitcoin fell 6% to $54,600 on weekend trading despite clawing back losses from the end of last week. The world’s largest crypto by market capitalization fell to a low of $54,000 on Friday, CoinGecko data shows. The asset is currently trading at $55,200. Several headwinds for Bitcoin persist, including crypto market uncertainty, potential selling pressure from the German government, and 127,000 creditors awaiting crypto funds from the Mt. Gox bankruptcy estate. A brief price rally attempted to regain a footing above $58,000 by Sunday before conceding gains to trade at its lowest point since late February. Germany holds 39,826 BTC…

Several spot Ethereum (ETH) ETF applicants submitted S-1 amendments detailing sponsor fees and waiver details to the SEC on July 17 as they prepare for a potential trading launch next week. Almost all of the issuers have detailed fees and sponsor fee waiver terms in the latest filings. BlackRock set a 0.25% sponsor fee and said it would only charge a 0.12% fee for the first 12 months or up to the initial $2.5 billion. Meanwhile, Fidelity set the same 0.25% fee and said it would waive the entire sponsor’s fee until Dec. 31 without any other conditions. 21Shares and…

Deutsche Bank is preparing to take a significant step towards the adoption of blockchain technology with the launch of a stablecoin pegged to the euro. This development represents an important strategic move for one of the most influential banks in Europe and the world. Deutsche Bank and the euro stablecoin Tether appoints Philip Gradwell as head of economics Implications for the financial sector Deutsche Bank and the euro stablecoin Deutsche Bank, one of the leading investment banks and financial services globally, has announced its intention to launch a euro-denominated stablecoin. Stablecoins are cryptocurrencies designed to maintain a stable value, typically…

As the Uniswap community prepares to vote on a proposal that would introduce a new fee distribution plan, the Uniswap Foundation has shared its balance sheet, revealing $41.41 million in fiat and stablecoins, as well as 730,000 UNI tokens. The upcoming vote, which is expected to pass based on prior snapshot polls, would transfer control of the mainnet UniswapV3Factory to a new V3FactoryOwner contract. This change is a prerequisite for activating the new fee distribution plan, which will be the subject of a second vote that has not yet been scheduled. The proposed fee distribution plan is a critical development…

Bitcoin price failed to start a recovery wave above the $58,500 resistance zone. BTC started another decline and might extend losses below $54,000. Bitcoin started a fresh decline and traded below the $56,500 zone. The price is trading below $56,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $56,350 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might struggle to start a fresh increase above the $58,000 resistance zone. Bitcoin Price Turns Red Bitcoin price started a recovery wave above the $57,000 level. BTC…

OKX Ventures, the prominent crypto exchange OKX’s investment branch, has recently announced an exclusive investment. As per the platform, its new investment has gone to zkLink Labs which is a well-known forum dealing with the development of solutions concerning zero-knowledge infrastructure. The platform took to its official account on X to announce this investment. We are pleased to announce the strategic partnership with @zkLink_Official Aggregating & Unifying blockchains and #rollups via #ZKPhttps://t.co/20VRarU3Kn pic.twitter.com/jRtAMEUJHc — OKX Ventures (@OKX_Ventures) July 18, 2024 OKX Ventures Target Combining Liquidity and Aggregated Rollups with New Investment in zkLink Apart from the social media announcement, OKX…