Author: NBTC

Considering the recent Bitcoin rally, American stockbroker and financial commentator Peter Schiff thinks that this may just be “another classic pump-and-dump” cycle. Bitcoin Rally Drawing New Speculations Earlier on Monday, the price of Bitcoin blew past the $50,000 threshold, marking the highest level the coin has reached in the last three years. The surge triggered a frenzy in the market as investors began to camp around the coin. Much of the rise was attributed to the massive inflows into the spot Bitcoin ETF market over the past week summing up to $1.1 billion. While every other person seems excited by…

Recent data from Cryptoslam.io has shown a significant uptick in the non-fungible token (NFT) market, with sales over the last seven days reaching $412,384,130, a 35.14% increase from the previous week’s figures. This marks the third consecutive week of growth in the NFT sector. Among the 21 blockchains analyzed, Bitcoin led the sales volume with $154.82 million, representing a 103.29% increase. Ethereum followed closely with sales amounting to $153.94 million, indicating a 10.60% growth in ETH-based NFT transactions. Other blockchains, including Solana, BNB Chain, and Mythos Chain, also reported increases in their NFT sales, contributing to the overall rise in…

With the gains starting to propel altcoins, Ethereum (ETH) seems to have had the best performance recently, as its price just reached an 18-month high. The move has prompted analysts to discuss the possibility of ETH attaining the $3,000 target, last reached in April 2022. The current Ethereum trend suggests a sustained upward trajectory. The upcoming quarter has a potential ascent to $3,000, per a post on X from crypto analyst Jelle on January 15. “ETH reached the highest level in 18 months, and it doesn’t look like it’s stopping anytime soon. Expecting $3000 in the coming quarter,” she said.…

Thailand Prime Minister Srettha Thavisin has reaffirmed his government’s commitment to the ambitious $14.3 billion digital wallet handout scheme despite acknowledging the possibility of a delay in its implementation. According to local reports, the Thai Prime Minister confirmed the potential disbursement delay in a press conference on Friday. Notably, the digital wallet program seeks to stimulate the country’s sluggish economy, covering 50 million people. Each is expected to receive 10,000 in local baht, equivalent to $280. The 50 million Thai citizens will receive the payments through a mobile app. However, it is yet to be disclosed whether blockchain technology, such…

Astar (ASTR) founder Sota Watanabe recently announced that the company will be implementing the second version of its token economy next week. This update will reduce inflation by almost half and increase the burn rate. “dApp staking v3 is coming next week. This means that the second version of tokenomics will also be deployed soon. We will almost halve inflation and increase the burn rate,” Watanabe said. According to the statement, Astar’s Tokenomics 2.0 version will offer a sustainable token allocation structure and network fees, as well as a lower inflation rate. According to the statement on the official website,…

The crypto market’s attention is shifting away from the Bitcoin exchange-traded fund (ETF) approval, with most digital assets failing to capitalize on the monumental event in the short term. Based on the price movement after the approval, the product can be deemed to have turned out to be a “buy the rumor, sell the news” event. Interestingly, the conversation around crypto ETFs has turned to a possible similar product for Ethereum (ETH), the second-ranked cryptocurrency by market capitalization. These discussions are highlighted by activities on Google Trends, where interest in the keyword ‘Ethereum ETF’ has spiked to an all-time high…

The head of India’s central bank, the Reserve Bank of India (RBI), has warned of significant risks associated with cryptocurrencies, particularly for emerging market economies. “It can impact your financial stability, currency stability, and monetary system,” RBI Governor Shaktikanta Das said. RBI Governor’s Crypto Warnings Shaktikanta Das, the governor of India’s central bank, the Reserve Bank of India (RBI), issued several warnings regarding cryptocurrency at the World Economic Forum in Davos this week. Das said: Cryptocurrencies have huge risk, particularly for emerging market economies because it can impact your financial stability, currency stability, and monetary system. “There is no underlying.…

The practice of airdrops in the crypto world has now become an integral part of the financial system of digital currencies, with more and more projects ready to release their own token through this incentivization system. After an excellent 2023 for this market niche with the airdrops of Arbitrum, Blur, Celestia, and Jito dominating the scene, the year 2024 also starts with a bang. The launch of the DYM crypto, which was only inaugurated a few days ago, represents the beginning of a year that promises strong growth for the airdrop ecosystem. Let’s see all the details below. The crypto…

Analytics firm Glassnode says that an on-chain metric for Bitcoin (BTC) that has historically signaled the early stages of a bull market is showing up on the radar. According to Glassnode, Bitcoin’s long-term holder MVRV (LTH-MVRV), which tracks the behavior of long-term BTC investors, has entered “high-risk” territory. The analytics firm shares a chart that suggests BTC tends to witness a significant market expansion when the LTH-MVRV signal hovers above the high-risk area. “After the challenging recovery since the FTX collapse, this indicator has advanced to 2.06, entering the high-risk regime. These levels are typically seen during the early stages…

Today’s trading session commenced with ethereum oscillating between $2,480 and $2,532 in the past hour, enclosed within a daily range of $2,472 to $2,544. This restricted range hints at a brief stabilization period after a spell of recent market swings. Ethereum maintains a strong market capitalization of $305 billion and a noteworthy trade volume of $18.11 billion, reflecting its considerable market influence, especially after the recent endorsement of 11 spot bitcoin exchange-traded funds. Ethereum Monday’s technical indicators offer a multifaceted perspective. The relative strength index (RSI) at 60.6 leans toward a neutral to bullish outlook. In a similar vein, the…