Author: NBTC
What Is the Sonic Blockchain? Sonic is a relatively new Layer-1 blockchain created by Sonic Labs, formerly known as Fantom. The network was co-founded and architected by Andre Cronje, a well-known figure in the blockchain industry who previously contributed to numerous DeFi protocols like Yearn and Keep3r. Under his technical leadership, Sonic focuses on two main things: very fast speeds and helping developers earn money from their work. Sonic works with Ethereum-based apps and can handle up to 10,000 transactions every second. It confirms these transactions in less than one second, which makes it a powerful platform for moving digital…
In a groundbreaking move that has sent ripples of excitement through both the cryptocurrency and artificial intelligence sectors, Coinbase and NEAR Protocol, along with other key players, have announced a strategic alliance. This isn’t just another partnership; it’s a bold step towards building the future of open and accessible AI services within the decentralized landscape. For those deeply invested in the crypto world and fascinated by the potential of AI, this news signals a significant shift – the convergence of two transformative technologies to unlock unprecedented opportunities. Unveiling the Revolutionary AI Services Alliance What exactly is this AI services alliance…
The BTC price has broken down from key support levels creating an uncertain market where prices need to be rediscovered. The price may recover if it stays above critical support yet may fall more if it drops beneath this important threshold. The market requires $90,000 price recovery to maintain bullish momentum since failure could indicate extensive price adjustments. Bitcoin has broken down from its established range lows, entering uncertain territory as it tests a key technical support level. The major cryptocurrency remains in position to stay above its vital 200-day Exponential Moving Average whilst experiencing vital market direction pressures. Bitcoin…
The ETH/BTC price moves toward a substantial resistance zone which might enable it to initiate a strong upward movement. Investors continue to accumulate near a $2,369 support level indicating possible price growth if $2,524 resistance can be overcome. The combination of rising momentum with falling wedge pattern has the potential to generate ETH price gains which could extend up to $2,570-2,600. Ethereum’s price action against Bitcoin has reached a crucial turning point, with indicators suggesting a potential shift in momentum.ETH has reached a substantial demand area following its extended price drop therefore experts predict market recovery will happen soon. #Ethereum…
Blackrock has transferred about 18,168 ether and 1,800 bitcoin, worth around $44 million and $160 million, to the centralized crypto platform Coinbase. Blackrock’s Digital Asset Strategy and Rebalancing in the Spotlight Onchain observers noted that the transfers occurred within a short window, indicating that the financial giant Blackrock is actively moving its digital asset holdings. In total, the estimated combined value stands around $204 million, signaling a strong presence in the cryptocurrency sector. Of course, Blackrock has not issued a formal statement on its intentions, leaving analysts to speculate on whether it aims to redistribute, sell, rebalance, or simply custody…
Cryptocurrency analytics firm Santiment has published an updated list of altcoin projects that developers are most focused on in the Solana ecosystem, which has perhaps benefited the most from the memecoin craze. Although the Solana ecosystem has weakened somewhat on the memecoin side with the general decline in the cryptocurrency market in recent days, thousands of memecoins are still being launched on the Solana network on a daily basis. However, memecoin launch statistics obtained through PumpFun point out that the number of launches has decreased from the peak. Despite the general decline in the Solana ecosystem, Santiment analysts listed the…
MetaMask, the popular self-custodial crypto wallet for the Ethereum (ETH) network, shared a flurry of announcements on Thursday, aimed at improving its wallet’s user experience. Part of Metamask’s revamped roadmap includes adding smart contract capabilities to its current wallet. At the moment, MetaMask is an Externally Owned Account (EOA), a type of wallet that is controlled by a public and a private key. One of the main downfalls with EOAs is that it is subject to human error, meaning if you forget your private key, you lose your crypto holdings in that account forever. The other type of wallet that…
Former Goldman Sachs analyst Murad Mahmudov has predicted that the price of Bitcoin will surpass the $200,000 level. The prediction comes amid a ruthless cryptocurrency market correction. Earlier this Thursday, Bitcoin plunged to $82,726. The leading cryptocurrency has now lost more than 16% in just a week. Meanwhile, Bitcoin ETFs keep recording disastrous outflows, with BlackRock’s IBIT bleeding $418 million in just one day. However, some analysts believe that this is just a short-term correction that does not necessarily spell trouble for the leading cryptocurrency. In fact, Standard Chartered, whose analysts correctly predicted the recent price correction, believes that the…
As the broader cryptocurrency market grapples with significant downturns, Ethereum (ETH) and Solana (SOL) have emerged as some of the hardest-hit assets among the top ten digital currencies. On top of that, recent allegations by market experts on social media suggest potential market manipulation by major players in the space, raising further concerns for investors. Ethereum Falls Below $2,600: Potential End To Altseason Over the past few days, on-chain data has surfaced, indicating large-scale selling of Ethereum and Solana tokens primarily by Binance (BNB), the world’s largest cryptocurrency exchange. Market expert Crypto Rover highlighted that these sales, which occurred over…
The crypto market in India is witnessing an unprecedented surge as thousands of people—particularly young workers—turn to Bitcoin, Ethereum, and Dogecoin in an attempt to escape stagnant wages and a brutal job market, according to a report from Reuters. This isn’t only happening in major metros like Mumbai and Delhi. Small cities Jaipur, Lucknow, and Pune are seeing a surge in crypto adoption too, as more people look for ways to supplement their income amid slow economic mobility. Ashish Nagose, a 28-year-old flower shop owner in Nagpur, started trading crypto two months ago after attending a local trading school, according…