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NBTC: THORChain Protocol Revenue Rises 100%, Why Is RUNE Struggling?
RUNE, the native token of the cross-chain decentralized exchange, THORChain, is under pressure. From the daily chart, the token is down nearly 60% from May highs and remains flat even as the broader crypto market recovers. Even as RUNE flatlines, there is confidence that prices may rally in the coming days primarily because of fundamental factors and efforts made by the development team. THORChain Revenue Rising After Swap Fee Increment In a post on X, one analyst noted that THORChain has nearly doubled its revenue in the past two days following the community’s decision to increase the minimum swap fee...
Donald Trump Names White House ‘AI and Crypto Czar’
By Mark Hunter 12 hours agoSat Dec 07 2024 11:56:32 Reading Time: 2 minutes President-elect Donald Trump has appointed venture capitalist David Sacks as the White House’s AI and Crypto Czar Sacks is tasked with developing policies to enhance US competitiveness in artificial intelligence and cryptocurrency sectors He will also lead the Presidential Council of Advisors for Science and Technology, focusing on safeguarding free speech online and addressing Big Tech bias President-elect Donald Trump has named David Sacks, a prominent venture capitalist and former PayPal executive, as the White House’s AI and Crypto Czar. In this role, Sacks will formulate...
Pound Sterling Price News and Forecast: GBP/USD posts modest gains around 1.2770
GBP/USD Price Analysis: Holds below 1.2800, bearish bias remains intact The GBP/USD pair trades with mild losses near 1.2770 during the Asian trading hours on Tuesday. The modest recovery of the US Dollar (USD) helps limit the pair’s losses after retracing to 1.2710 in the previous session. According to the 4-hour chart, the major pair keeps the bearish vibe unchanged, with the price holding below the key 100-period Exponential Moving Average (EMA). The downward momentum is also supported by the Relative Strength Index (RSI) which stands below the 50-midline near 44.0, supporting the sellers for the time being. Read more......