As bitcoin (BTC) rebounds to $63,000 (USD) following the US interest rate cut, a new scenario is emerging for the market. According to the analysis firm Nodecharts, bitcoin is now “in its decisive phase.” This is stated in a report market, according to its historical behavior and the implication of the rate cut. The Federal … Read more
Since 2009, Bitcoin (BTC) has captured the attention of investors for its characteristics that make it a safe haven asset. These include its inherent scarcity and its ability to operate outside of traditional financial systems. However, Bitcoin is still in its early stages of adoption as a global means of payment or store of value. … Read more
Key facts: The firm’s CEO, Larry Fink, had called bitcoin “digital gold.” The report indicates that some investors view BTC as a “safe haven.” BlackRock, the world’s largest asset manager, highlights that bitcoin (BTC) “is a uniquely diversifying asset,” although it is still in its early stages of adoption as a global means of payment … Read more
With the Federal Reserve (Fed), the US central bank, expecting to cut interest rates, the market’s eyes are on the market. But that’s not all that matters to investors. “What could affect the market will not be the rate cut itself, but the effects of a possible recession,” stands out renowned trader Daniel Muvdi. The … Read more
Google, in collaboration with Google Cloud, today launched a service called Blockchain RPC (Remote Procedure Call or Remote Procedure Call). This tool aims to allow users to web3 developers interact with data on-chainspecifically with the Ethereum (ETH) blockchain, without having to manage your own node infrastructure. The RPC protocol is a technology that grants developers … Read more
Key facts: The market remains on the lookout for a possible rate cut in the US. “Current demand and supply for bitcoin are neutral and bearish,” Woo says. Professional analyst and trader Willy Woo has shared his vision on the near future of bitcoin (BTC), anticipating a rise in its price in the short term. … Read more
The BNB Chain is taking unusual steps to become the “central infrastructure” for stablecoins. One of several is that through MegaFuel, powered by the company Nodereal, it will cover gas fees for users of centralized exchanges, wallets and web3 applications that use stablecoins such as USDT, USDC and FDUSD. This announcement coincides with the opening … Read more
Bitcoin (BTC) exchange-traded funds (ETFs) in the United States reported inflows of more than $186 million and accumulated four consecutive days with incoming capital flows, the best streak so far in September. The good performance of financial instruments based on the digital asset occurs in view of the possibility that the United States Federal Reserve … Read more
Key facts: Rates in the United States are expected to fall to 5.25%. A larger-than-expected rate cut could be bearish for markets, analysts say. The day that the markets have been waiting for, including the Bitcoin (BTC) and cryptocurrency markets, has arrived. Today, the FOMC, the body in charge of monetary policy of the Federal … Read more
Key facts: USDS will be backed by US Treasury bills, overnight repos and cash. BitGo’s stablecoin will be the “first open-source stablecoin,” according to the platform. One of the leading custodians of bitcoin (BTC) and cryptocurrencies, BitGo, announced the launch of USDS (USD Standard), a stablecoin that promises rewards to institutions that provide liquidity. This … Read more