Crypto, markets and policy.
NBTCNEWS
Home»Author: NBTC(Page 9016)

Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Standard Chartered Says Ethereum Price Can Reach $35,000, Here’s When

Ethereum

Ethereum has struggled alongside Bitcoin through the current bear market climate but this has not stopped bullish predictions for the digital asset. The most recent bullish prediction comes from British multinational bank Standard Chartered which believes that the Ethereum price could climb higher than $8,000. Factors That Could Trigger The Rise Geoff Kendrick, Head of Digital Assets Research at Standard Chartered Bank has revealed his forecast for the Ethereum price in a research note. According to the researcher, he sees big things in the future of the digital asset which could climb higher than $8,000 in the coming years. Talking…

US Mega Bank JPMorgan Predicts Harsh Drop In This Bitcoin Metric

Bitcoin

In a recent research report from JPMorgan, the financial firm has predicted a harsh drop for one Bitcoin metric, forecasting a potential decline of the Bitcoin Network Hash Rate by 20% leading up to the Bitcoin halving in April 2024. JPMorgan Expects Bitcoin Hash Rate To Drop In the report, JPMorgan stated that the Bitcoin mining industry is at a crucible stage leading all the way to the Bitcoin halving in April 2024 and beyond. This is because the approval of a Spot BTC exchange-traded fund (ETF) could spark a rally against the backdrop of record hash rates and the…

Long-Term Holders Buy $1.35 Billion Worth Of BTC

Bitcoin

A new report from Glassnode, an on-chain analytical firm, has buttressed recent data indicating Bitcoin holders are adding to their holdings. These long-term Bitcoin investors, often known as “HODLers,” don’t appear to be phased by the recent volatility in Bitcoin’s price. According to on-chain data, long-term holders have been rapidly amassing Bitcoin, adding more than 50,000 BTC each month to their holdings. Monthly Accumulation Of BTC Worth $1.35 Billion Bitcoin is currently showing signs of slowing down, as its price just dipped below $27,000. It would appear that short-term speculators are mostly to blame for the persistent selling pressure, as…

JPMorgan settles its first blockchain-based collateral

Blockchain

JPMorgan Chase & Co. has successfully carried out its initial collateral settlement for clients with the help of blockchain. This is at a time when the biggest bank in the US is looking into commercial applications that are created on the technology that is at the heart of crypto. BlackRock exchanged money market fund shares for digital tokens using the Tokenized Collateral Network (TCN) provided by JPMorgan. They were then sent to Barclays as part of an ancillary transaction between the two financial institutions conducted over the counter. This was revealed by Tyrone Lobban, head of Onyx Digital Assets at…

LayerZero goes live on OpBNB

Blockchain

LayerZero Labs has announced that applications built on BNB Chain can now be expanded to OpBNB. New applications will not have to do a lot; however, existing applications that have already integrated the BNB Chain will have to expand their horizons following the announcement. OpBNB is a layer-2 solution that is compatible with EVM and resides in the BNB Chain ecosystem. Developers who have built their applications and are looking for expansion can simultaneously consider exploring over 40 chains with the endpoints of LayerZero. To reiterate, projects already integrated with LayerZero can unlock the functionality within their application. The community…

Did Ethereum Bribe The SEC To Go After XRP?

Ethereum

Cardano founder Charles Hoskinson recently gave his thoughts on whether the US Securities and Exchange Commission (SEC) had given Ethereum a regulatory free pass as recent rumors suggest. Cardano Founder Alleges Favoritism Toward Ethereum In an AMA session shared on X (formerly Twitter), Hoskinson mentioned that the Himman emails and other revelations expose the thought process of the SEC and show that there was unequal application, which he doesn’t see anything wrong with. Furthermore, he believes that none of the Commission’s actions presupposes corruption but only favoritism. It is worth mentioning that Hoskinson happens to be a co-founder of Ethereum.…

ARK Invest updates spot Bitcoin ETF proposal in response to SEC criticisms

Regulation

ARK Make investments up to date its proposal for a spot Bitcoin ETF via an modification submitted to the U.S. Securities and Change Fee (SEC) on Oct. 11. Bloomberg ETF analyst Eric Balchunas famous on X (previously Twitter) that the replace provides feedback on Coinbase’s custodial practices. Particularly, the applying notes that property for the fund are held in segregated addresses on the Bitcoin blockchain, and that ETF property usually are not commingled with company property or buyer property. The SEC beforehand criticized spot Bitcoin ETF purposes for inadequate surveillance-sharing agreements.To handle the SEC’s concern, a number of purposes integrated…

Will Ethereum Drop Back To $900? Here’s What This Analyst Thinks

Ethereum

Following the Terra LUNA network collapse back in 2022, the price of Ethereum followed the general market downtrend. As a result of this, the ETH price had fallen to a new cycle low of $900, before recovering once more. However, now that the altcoin is still deep in the throes of the bear market, questions have arisen once more about the chances of the price returning to its 2022 lows. Crypto Analyst Says Ethereum Could Drop To $900 In an analysis posted on TradingView, crypto analyst FieryTrading presents a scenario in which the price of Ethereum could fall back toward…

Bitcoin Supply Metric Touches New All-Time High, Time For Reversal?

Bitcoin

Bitcoin has been named the best performer among asset classes in 2023, but the cryptocurrency is still struggling to break new levels in its price. Despite the current bearish sentiment, many analysts have hinted and predicted a bull run in the coming months, especially as the market awaits the approval of a spot Bitcoin ETF. This has probably prompted many investors to hold on to their coins, as on-chain metrics have shown that the amount of Bitcoin supply idling recently reached a new all-time high. Unmoved Bitcoin Supply Reaches Record High The industry expects the SEC’s approval of spot Bitcoin…

Ethereum Could See A Steep Decline If It Closes Below This Level

Ethereum

On-chain data suggests an Ethereum close under the $1,530 level could lead to a significant drawdown for the cryptocurrency. Ethereum Support Levels Below $1,530 Are Very Thin Currently In a new post on X, analyst Ali has discussed what the support and resistance levels of Ethereum are looking like right now. These support and resistance levels aren’t the technical ones, however, but rather ones based on on-chain analysis. The support and resistance levels here are defined based on the density of investors’ cost bases. The “cost basis” here refers to the average price at which an investor acquires their coins…