Author: NBTC
A closely followed crypto strategist believes Bitcoin (BTC) will take a serious hit if it corrects below $90,000. In a new strategy session, pseudonymous analyst Cheds tells his 49,600 YouTube subscribers that Bitcoin appears to be currently trading in a sideways trend with a well-defined resistance at $107,000 and a clear support level at $90,000. But Cheds says that Bitcoin bulls need to defend the critical support area as the $90,000 price level keeps BTC’s strong uptrend intact. He highlights that there’s no stopping BTC from going all the way down to the low $70,000 level if the support crumbles.…
Neo X users can now manage their token approvals through Revoke.cash, an open-source tool designed to enhance security and control over EVM-based assets. By reviewing and revoking approvals, users can mitigate risks associated with unauthorized transactions. Token approvals allow smart contracts to spend specific tokens from a user’s wallet, facilitating interactions with decentralized applications, including DeFi exchanges, NFT marketplaces, and lending platforms. While these approvals improve blockchain efficiency, they also introduce potential security vulnerabilities that malicious actors might exploit. Revoke.cash helps users remove unintended or outdated token approvals, reducing exposure to risks such as phishing attacks, compromised credentials, and smart…
Hyperliquid’s handling of the JELLY token incident has drawn sharp criticism from Gracy Chen, the chief executive officer of Bitget. After Hyperliquid (HYPE) removed JELLY amid an estimated $10.6 million loss and a looming liquidation threat to its treasury, Chen labeled the decentralized exchange’s actions as “immature, unethical, and unprofessional.” Hyperliquid delisted the token with a promise to compensate impacted users. However, Chen argued that the losses and how the situation was handled raise questions about the exchange’s integrity. She criticized the team for operating the DEX “like an offshore centralized exchange with no know-your-customer or anti-money-laundering checks.” The Bitget…
In the beginning, there were only CPUs, then GPUs, for bitcoin mining. Then came the mighty ASIC in 2013, and with it, the “shoebox” form factor that has become emblematic of the bitcoin mining industry. What comes next? Will the shoebox design persist as standard for bitcoin mining ASICs? Or will another form factor that more resembles traditional datacenter servers win out? ASIC manufacturers are increasingly betting on the latter – or at least, that a hydro-cooled server rack design will become a substantial portion of bitcoin mining fleets. Moreover, they’re leaning into the “direct-to-chip” cooling for further efficiency gains.…
As noted by prominent commodity trader Peter Brandt, Bitcoin, the leading cryptocurrency by market capitalization, has so far struggled to pull away from gold. This is despite the fact that it has experienced a substantial increase in institutional adoption over the past year, with the success of Bitcoin ETFs being one of the biggest investment stories of 2024. Brandt described the fact that Bitcoin has failed to significantly outperform gold as “very surprising.” Last week, the Bitcoin-gold ratio declined to the lowest level since early November. It it is now down more than 19% from a local peak of 41…
Whale activity and AI-powered Kite integration drive strong institutional interest in AVAX. If AVAX holds the $25 support, analysts foresee a potential rebound toward $30. As Avalanche’s AI-Powered Layer 1 sparks whale interest in AVAX, the cryptocurrency is at a crucial turning point, with its price testing the $25 support level amid a surge in whale transactions and increased trading activity. The growing interest comes as the Avalanche ecosystem expands, particularly with the launch of Kite AI, the first AI-focused Layer 1 blockchain within the network. Whale Activity Signals Potential Rebound The latest 2024 record from a CNF update highlighted…
As Bitcoin mining grows more competitive and challenging, industry leaders are looking to cash in on AI data centers—but it’s no easy feat. At the Mining Disrupt conference in Fort Lauderdale, Florida this week, leading miners said navigating the shift to AI requires skill and care. “In the long-term, [AI] is a big trend,” Paul Li, CEO of mining technology provider Fog Hashing, said during a talk. “We cannot miss that. You [miners] need to go far this year, as the demand for compute power AI compute is huge.” In recent months, following the last halving which cut mining rewards…
Bitcoin’s connection to the Nasdaq QQQ ETF might be far greater than one would expect. The deeper correction for the digital gold could be around the corner, as Benjamin Cowen highlights historical market trends between two assets. The post_ETF launch movement and the trajectory of QQQ in 1999 could tell us something about the future of Bitcoin, too. QQQ initially launched at around $48-49 and rose to $120 within only 54 weeks. However, the asset’s struggle to hold above $100 caused a massive correction, which pushed it to the $80 range and even below it. The current structure of Bitcoin…
On March 25, Kadena blockchain welcomed its newest addition to its ecosystem: Bro-DEX, the first order-book Decentralized Exchange (DEX) built on its scalable layer-1 Proof-of-Work (PoW) network. The milestone, announced via its official X account, marks a significant step forward for the platform’s mission to deliver secure, scalable, and innovative blockchain solutions. With its unique fee structure eliminating maker fees and a departure from the Automated Market Maker (AMM) model, Bro-DEX is poised to redefine decentralized trading on Kadena. Let’s dive into what this means for the ecosystem, the technology behind it, and why it matters to the broader blockchain…
As market participants await the 2025 bull run, Dogecoin remains one of the top crypto assets on many people’s radar for potential success. Accordingly, analysts have made bold predictions about where DOGE could go this season. This article explores the potential worth of various tiers of Dogecoin holdings in the hypothetical scenario where the meme coin reaches lofty heights of $10 and $20. Worth of 10,000 DOGE if it Hits $10 and $20 At press time, Dogecoin is trading at $0.2479, a significant 24% discount from its higher price last week. At this price, accumulating 10,000 DOGE tokens would cost…