Author: NBTC

Over the past decade, Bitcoin has transformed from a cryptocurrency known to only a handful of tech enthusiasts into a worldwide financial marvel, surpassing all expectations for digital currencies. Bitcoin has been met with skepticism throughout its journey, often dismissed as a speculative craze that would vanish as quickly as the historical tulip mania. Yet, Bitcoin has defied predictions of its demise, instead emerging as a beacon of ongoing innovation. This achievement is mainly due to the introduction of groundbreaking technologies within the Bitcoin framework, particularly its distinctive method of currency issuance: the halving process. To gain deeper insights, this…

In a comprehensive analysis shared via X (formerly Twitter), Alex Thorn, the Head of Firmwide Research at Galaxy, delved into the intricacies of the current Bitcoin market cycle, answering the question “Where Are We In This Bitcoin Cycle?” As Bitcoin trades robustly around $62,000, with a notable spike to $64.000 yesterday, the crypto landscape is witnessing unprecedented dynamics, marked by a surge in ETF inflows, strategic acquisitions by corporate entities, and a palpable shift in investor sentiment towards digital assets. Thorn emphasized how different this cycle is: Effectively, the bull runs of 2017 and 2020 hadn’t yet begun at this…

With an innovative move, the global investment manager VanEck has ventured into the world of non-fungible tokens (NFTs) and digital assets with the launch of SegMint, a revolutionary self-custodial marketplace and platform. By collaborating with technological innovators such as Nueva.Tech, Delegate.xyz, MINTangible.io, Portals.to, and Walletchat.fun, VanEck aims to redefine accessibility and security in the digital asset space, targeting specifically crypto-native users in Europe and Asia. VanEck’s move towards NFTs The limit to access SegMint Conclusions VanEck’s move towards NFTs Founded in 1955, VanEck boasts a rich history in asset management, best known for issuing exchange-traded funds (ETFs). In particular, VanEck…

The Ethereum (ETH) price trades inside an important horizontal area previously providing resistance. ETH also trades inside a confluence of short-term support levels, which can be key in determining the future trend. Ethereum Falls to Channel’s Support The technical analysis of the daily time frame shows that the ETH price has traded inside an ascending parallel channel for the past 95 days. The upward movement led to a high of $2,717 on January 12. The high validated the channel’s resistance trend line (red icon). However, Ethereum has fallen since and trades close to the pattern’s support trend line. Currently, ETH…

Citi economist Veronica Clark and Bleakley Advisory Group’s CIO Peter Boockvar evaluated the current state of the economy, market trends and the FED’s view of interest rates in their recent conversation on CNBC. Clark announced that investors can expect the first round of interest rate cuts from the FED around June. The speech took place just hours before the latest GDP figures were released, with economists predicting 2% growth in the fourth quarter. This rate, which was significantly slower than the approximately 5% growth observed in the previous quarter, has sparked debate over its potential effects on the market and…

The Solana-based crypto project, Jito (JTO), has appointed the new 17 delegates to its governance, including individuals from Coinbase Cloud, the Solana Foundation, and its own community. Jito Foundation has allocated 12 million JTO for the new 17 delegates as cumulative voting power. Jito: the crypto project announces 17 governance delegates including Coinbase Cloud, Solana Foundation, and others Jito: 12 million JTO allocated for governance delegates like Coinbase Cloud and Solana Foundation The public staking project and the price of JTO Jito: the crypto project announces 17 governance delegates including Coinbase Cloud, Solana Foundation, and others The liquid crypto staking…

Bitcoin, which exceeded $ 50,000 on Monday with the rise that started last week, experienced a moderate decline after the US inflation data announced yesterday. BTC, which fell to $ 48,300 in this decline, recovered again and rose to $ 49,000. While Bitcoin showed impressive resistance despite inflation being above expectations, inflation above expectations reduced expectations for an early interest rate cut. At this point, analysts evaluated its strong stance against US inflation data. Speaking to Bloomberg, market analyst Tony Sycamore from IG Australia Pty said that Bitcoin remains strong but may experience some withdrawal in the coming days: “Bitcoin…

Not long after the value of Bitcoin surpassed $62,000, its highest level since 2021, Coinbase had severe disruptions and issues on Wednesday afternoon, preventing some customers from signing in at all and causing some user accounts to reflect a $0 balance. Crypto aficionados were furious on social media because they are unable to access their money on the biggest cryptocurrency exchange in the United States. Furthermore frustrating, some customers have reported errors when buying and selling. The continuous demand for Bitcoin is seen as main the reason behind the sudden crash of the Coinbase app. The leading cryptocurrency had a 40% price increase…

Parallel, an NFT trading card game with assets minted across Ethereum and scaling network Base, will make its long-awaited move into open beta on Thursday, February 29, letting anyone jump in and start playing the competitive PC game. Previously available only in a closed beta, Parallel—GG’s pick for the best game of 2023—builds on the foundations of genre giants like Hearthstone and Magic: The Gathering, but with some fresh wrinkles and a distinctive space opera setting. Parallel’s developers announced the impending launch via a blog post on Wednesday, noting that a game update had been released with various gameplay tweaks…

Ethereum price extended losses and tested the $2,300 support. ETH is now attempting a recovery wave above the $2,340 level and might test $2,390. Ethereum started a fresh decline below the $2,420 and $2,400 levels. The price is trading below $2,400 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance near $2,340 on the hourly chart of ETH/USD (data feed via Kraken). The pair attempt a fresh increase if it clears the $2,390 and $2,400 levels. Ethereum Price Revisits $2,300 Ethereum price struggled to start a fresh increase above the $2,550…