Author: NBTC
Old-school commodity trader Peter Brandt published a tweet, engaging the Bitcoin community in a discussion about BTC patterns and the cryptocurrency’s potential price moves. He also slammed the second largest crypto, Ethereum, in the comments under his tweet. Bitcoin is not going to $44,000, Brandt says Peter Brandt addressed his followers on the X platform to pick their minds about a Bitcoin Double Top pattern that he spotted on a chart. Apparently Brandt decided to test the community, asking them whether Bitcoin has completed the Double Top or not. He warned that if the answer is yes, then a minimum…
Ripple, the company behind the XRP Ledger (XRP) development, will unlock 1 billion tokens on June 1, worth $520 million. This is part of Ripple’s monthly sell-offs, which could negatively impact the XRP price in the following weeks. Historically, Ripple has been unlocking 1 billion tokens through escrows, finalized on the first day of every month since 2017. Until April, the company has been using ‘Ripple (22)’ and ‘Ripple (23),’ according to XRPScan, to manage the escrows. However, these accounts no longer hold active unlocking contracts, and May has already used two different addresses, as Finbold reported. The wallets ‘Ripple…
Nowpayments, a prominent gateway that facilitates transactions across 300+ cryptocurrencies, has announced its latest integration with Algorand. This collaboration is designed to harness the unique capabilities of Algorand’s blockchain technology, enabling consumers and merchants to transact using ALGO, Algorand’s native cryptocurrency. Nowpayments aims to provide a seamless and efficient mechanism for businesses and individuals eager to embrace the potential of crypto payments without compromising on speed, security, or convenience. Algorand has carved a niche in the blockchain space by addressing the long-standing blockchain trilemma of achieving scalability, security, and decentralization without compromise. Leveraging its Pure Proof-of-Stake (PPoS) consensus mechanism, Algorand…
The crypto market’s recent correction presents an opportunity for long-term investors, with key tailwinds that could propel Bitcoin to $100,000 by year-end. That’s according to Matt Hougan, chief investment officer at crypto asset manager Bitwise, who outlined his reasoning in a recent investor note on Wednesday, a day before official U.S. inflation data showed a dip in June. Inflows to U.S. spot Bitcoin exchange-traded funds, post-halving supply shortages, the eventual launch of Ethereum spot ETFs, U.S. Federal Reserve rate cuts, and a shifting political landscape in Washington may offer a reprieve from falling crypto prices, he said. “The crypto market…
Key Points: Immunefi and Ethereum Foundation partner for “Attackathon,” a pioneering audit contest to enhance Ethereum’s security through a time-bound code review. The Ethereum Attackathon audit contest aims to conduct the largest-ever crowdsourced security audit for the network. With a $500,000 initial contribution from the Ethereum Foundation, the contest invites ecosystem contributions to a reward pool. Web3 bug bounty platform Immunefi has partnered with the Ethereum Foundation to launch “Attackathon,” a large-scale collaborative audit contest aimed at securing the Ethereum network. Ethereum Attackathon Audit Contest Launched The Ethereum Attackathon audit contest will leverage Immunefi’s elite security researcher community, who will…
Aptos’ Layer 1 blockchain integrates the Chainlink Cross-Chain Interoperability Protocol (CCIP) and data feeds. This integration is part of Aptos’ participation in Chainlink’s SCALE program. The announcement was made during a panel discussion at the Consensus 2024 conference in Austin, Texas. The purpose of this extension is to help Aptos developers create decentralized applications (dApps) on the network. According to the press release, the collaboration will make Aptos the first Move-based blockchain to integrate Chainlink services. As the number of independent blockchains increases, communication between different networks becomes a challenge for the digital asset economy. Chainlink is a key project…
Nuvei Corporation, a Canadian fintech company, announced a partnership with Mastercard today. This partnership will launch a new off-ramping solution in Europe. The solution allows consumers to convert their digital assets, including cryptocurrencies, into traditional fiat currency. They can do this using debit, credit, and prepaid cards. This new function bridges digital and traditional finance. Consumers can spend their converted funds through Mastercard’s global network. The off-ramping solution is part of Nuvei’s modular payment platform. It aims to offer a simple and secure user experience. Consumers can convert a wide range of supported digital assets into fiat currency. They can…
QCP Capital has recently released a new market analysis offering insight into what might be in store for the price of Bitcoin (BTC) — more importantly, which direction it could move next. These fresh insights particularly focus on the options market. Market Anticipates Movement: Analyzing Bitcoin Options The latest report from QCP Capital has identified an interesting pattern in the Bitcoin options market, highlighting a rise in front-end volatility specific to BTC. This increase by 5 points in short-term volatility indicates that traders are preparing for larger price swings over the next few weeks. Additionally, the increasing number of topside…
Market analysts at Matrixport are predicting that the U.S. Securities and Exchange Commission will likely approve the long-awaited spot Ethereum ETFs this week, potentially sparking a rebound for the cryptocurrency’s price. #Matrixport 📈Today-Jul 8: SEC Will Likely Approve #ETH ETF This Week#CryptoFinance #cryptocurrency #Crypto #SEC pic.twitter.com/83WVrVjrOZ — Matrixport Official English (@Matrixport_EN) July 8, 2024 The post examined the series of significant developments that began on May 20, when the SEC requested prospective ETF issuers to revise their applications. It highlighted that three days after the SEC’s initial request, on May 23, the commission approved the 19b-4 filings alongside the S-1…
According to an update on VeChain’s official website, the company recently took center stage at the Amazon Web Services (AWS) China Summit energy forum in Shanghai. This notable event in the energy sector demonstrated how cloud services and generative artificial intelligence can push enterprises not only to global expansion, but also to achieve zero-carbon and sustainability goals. During the summit, VeChain, a key AWS participant and partner, presented its end-to-end digital carbon management solution, VeCarbon. Tian Xinli, Senior Director of Pre-sales and Solutions at VeChain, shared information about a platform specifically designed to facilitate carbon compliance in the Chinese battery…