Author: NBTC

Peter Schiff recently reiterated his stance on Bitcoin, asserting that he does not own any despite widespread speculation to the contrary. Schiff’s comments come amid a questionable position of digital gold on the market. Schiff has been vocal about his views on Bitcoin, often contrasting its value and utility against traditional assets like gold. His latest remarks emphasize his disbelief in the cryptocurrency’s value, likening the enthusiasm around it to being “drunk on the Kool-Aid.” Schiff’s analogy to “the emperor’s new clothes” suggests he sees Bitcoin’s value as largely imaginary, promoted by collective belief rather than intrinsic worth. This perspective…

Cryptocurrency analysts of Coinidol.com report, the price of Ethereum (ETH) has declined from its low of $2,815 on July 5. Long-term analysis of the Ethereum price: bearish The current support level of $2,815 is the historical price level from April 13. The bulls have held the current support at $2,815 for the last three months. Over the past four days, the uptrend has stalled near the $3,000 high, while the decline has slowed above the $2,815 support level. In other words, the price of Ether is hovering between $2,800 and $3,000. If the largest altcoin rises and breaks through the…

Ripple CEO Brad Garlinghouse again takes a critical stance towards Dogecoin, asserting that he does not believe DOGE has been beneficial for the crypto industry. Garlinghouse criticized the largest meme coin by market cap during his session at the 2024 edition of the Consensus conference. Commenting on the 10-year outlook for the crypto industry, he stressed the need for the market to mature beyond speculation. “Not Sure Dogecoin is a Good Thing for Crypto” On this basis, the Ripple CEO cited an example with Dogecoin, the meme-inspired cryptocurrency with a valuation exceeding $23.22 billion. Despite acknowledging that making an illustration…

Oasis Protocol partners with AethirCloud to enhance Web3 and AI through advanced GPU-powered Trusted Execution Environments (TEEs). The collaboration aims to improve AI privacy use cases by leveraging each company’s expertise and enhancing their ecosystems. The partnership focuses on integrating secure TEEs to protect sensitive data, fostering innovation and development in AI applications. Oasis Protocol and AethirCloud have officially established a strategic partnership that will advance the integration of Web3 and artificial intelligence (AI), an important development for the IT sector. We’re excited to announce a new partnership with @AethirCloud to evolve the Web3 & AI landscape!Together we’ll explore enhanced…

Since the dawn of sport, athletes have built their legacy out on the playing field. We look up to their accomplishments; we hold on to their records, their milestones, and the countless moments that make up their wins. Starting in the 2010s, the introduction of social media transformed the playing field: giving us more access and insight into star players. A decade later, the emergence of NFTs gave fans and their favorite athletes a new way to connect. Now, blockchain-based collectibles and games are changing the way we see and engage with athletes: as fans increasingly have the tools to…

News regarding the approval of Ethereum (ETH) ETFs, which could trigger a new bull run in the cryptocurrency market, with the United States SEC playing a crucial role. Let’s see all the details below. The SEC at the center of the wait for spot ETFs on Ethereum (ETH): latest news Focus on the price of Ethereum Contradictory forecasts: analysts divided on the future of Ethereum ETFs The SEC at the center of the wait for spot ETFs on Ethereum (ETH): latest news As anticipated, Ethereum ETFs are considered a possible spark for a new bull run, but the approval of…

Crypto custodian Hex Trust is teaming up with Monad Labs, becoming the first custodian to offer custody services for the Monad layer-1 network. Hong Kong-based crypto custodian Hex Trust has partnered with blockchain developer Monad Labs to offer such services for the Monad ecosystem, according to a press release seen by crypto.news. The blockchain developer says the collaboration marks a “significant milestone” as Hex Trust becomes the “first custodian that will offer support for the custody of assets on the Monad blockchain.” Commenting on the news, the business development lead at Monad Labs Joey Anthony said the firm decided to…

A cryptocurrency trading expert has issued a cautionary warning to Bitcoin (BTC) investors, suggesting that a price crash might be imminent as the maiden digital asset struggles to break through the $65,000 resistance level. In a May 12 TradingView post, analyst Alan Santana highlighted signs indicating a possible downturn in Bitcoin’s price. Santana pointed to Bitcoin’s technical indicators and recent price movements as evidence supporting the likelihood of a forthcoming crash. The expert identified a troubling pattern reminiscent of a cap formation, suggesting a looming trend reversal. Compounding this observation, the all-time high and subsequent lower high sessions concluded with…

Pyth Network, a blockchain market and finance data oracle, has launched its latest product, Express Relay, as per the latest information shared with Finbold on July 11. Launched on the Pyth mainnet, the new product offers a decentralized solution to Miner Extractable Value (MEV) issued prevalent in decentralized finance (DeFi) transactions. Express Relay connects DeFi protocols with established searchers through protocol-controlled auctions for high-value transactions, such as liquidations. Notable searchers integrated with Express Relay include Flow Traders, Wintermute, Auros, Flowdesk, Caladan, Tokka Labs, and Swaap Finance. Enhancing liquidation on DeFi protocols MEV allows miners and validators to gain more value…

Bitwise Head of Digital Assets Research Matthew Sigel said more than $6 trillion could flow into crypto from inheritances over the next 20 years. On July 8, Sigel cited the 2024 Bank of America Private Bank Study, which said that Gen X, millennials, and future generations could inherit $84 trillion from seniors and Baby Boomers through 2045. For $6 trillion to flow into crypto, young US investors aged 21-43 must inherit $42 trillion from Baby Boomers and continuously allocate 14% of the amount to crypto investment. Young investors must invest $300 billion annually over the next 20 years. The study…