Author: NBTC

One of the most prolific contributors to Bitcoin development warns that the leading blockchain network is on a dark path toward global regulation. In a blog post on Saturday, Matt Corallo said Bitcoin’s long-assumed mission to be a private, scalable, and trustless monetary tool is now being called into question, with years of effort failing to implement that vision in any practical sense. “Sadly, all the ideas for making Bitcoin (or any cryptocurrency) actually useful for transacting trend towards having some untrusted party in the flow of funds,” wrote Corallo. “We just haven’t cracked building cryptocurrency payment rails without an…

Ethereum price remained in a bearish zone below $3,150 zone. ETH is again moving lower and the bears could aim for a drop below $2,800. Ethereum started a fresh decline below the $3,000 and $2,950 levels. The price is trading below $3,000 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $2,950 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct losses, but upsides might be limited above the $3,000 zone. Ethereum Price Remains At Risk of More Downsides Ethereum price failed to start a recovery wave…

Founders Fund co-led an $85 million investment in Sentient, an open-source AI development platform built on Polygon. Sentient aims to democratize AI development, countering dominance by tech giants like Google and Meta. Peter Thiel’s Founders Fund has co-led a significant $85 million seed round investment in Sentient, an open-source AI development platform. The platform will be built on Polygon, an Ethereum scaler, marking Polygon’s foray into AI. Polygon co-founder Sandeep Nailwal is a key contributor to Sentient, highlighting the project’s ambitious scope. congratulations to the entire sentient team! ➨ a pivotal step for the @sentient_agi platform that will be built…

TLDR ENA could manage to surpass the $1.70 level. SOL is poised to exceed the $260 threshold. RBLZ is set to remain on its upward trajectory. Crypto enthusiasts single out Ethena (ENA), Solana (SOL), and Rebel Satoshi (RBLZ) as some of the most rewarding investment possibilities in the current market space. Let’s analyze which option offers the highest long-term potential and try to detect the best crypto to buy now. Experts Rank ENA Among the Best Cryptos To Buy in 2024 Crypto analysts believe that ENA has the potential to exceed the $1.70 mark by the end of December 2024.…

Conservatism, in the literal and not political sense, has always been a core part of the Bitcoin ecosystem. Satoshi himself was very cautious and thorough in his original design attempts, and developers since have tried to be very cautious and thorough in the development process after his departure. Numerous pieces of technology have been developed originally for Bitcoin, eventually being tested on other networks specifically out of that caution. Confidential Transactions, one of the core pieces of technology underlying Monero? It was created by Gregory Maxwell for Bitcoin. It was not implemented due to large inefficiencies in terms of data…

Edwin Rojas Ulo, President of the Central Bank of Bolivia, referred to the recent change in stance that the institution had on crypto and stablecoins. According to reports, Rojas Ulo stated that he believes adding crypto to the national financial system might be beneficial as an alternative and remarked on the function of stablecoins as a dollar proxy. Central Bank of Bolivia President Praises Crypto as a Payments Alternative, Talks Stablecoins as Dollar Proxy Bolivia has recently completed a change of stance regarding cryptocurrency, reverting a blanket ban on the use of these assets in the country’s financial system. Edwin…

Recently, the crypto token associated with the popular blockchain game “My Neighbor Alice,” known as ALICE, witnessed a significant surge. Within a single day, ALICE’s market price soared by more than 70%, a movement that has sparked both interest and speculation among the crypto community. This rapid ascent in value is not just a number but a phenomenon worth dissecting. Before delving into the mechanics behind this rise, it’s crucial to understand the context in which this spike occurred. ALICE operates within a platform that combines gaming with decentralized finance, appealing to a broad audience ranging from gamers to investors…

One of the largest pension funds in the United States disclosed on Tuesday a $162 million allocation to the nation’s leading Bitcoin spot ETF products launched earlier this year. Per a 13F filing with the Securities and Exchange Commission (SEC), the State of Wisconsin Investment Board (SWIB) held $99 million in the iShares Bitcoin Trust (IBIT) as of March 31. Major Pension Fund Buys Bitcoin It also held $63 million in the Grayscale Bitcoin Trust (GBTC), which is BlackRock’s largest competitor in terms of size but also charges a much heftier 1.5% annual management fee. The allocation marks a major…

Mt. Gox fears have put BTC on a path to its largest weekly decline since November 2022. Weaker-than-expected U.S. jobs growth could put a floor under BTC, according to Bitfinex. The payrolls data due Friday is expected to show that the pace of job additions slowed sharply in June. As the sell-off in bitcoin (BTC) becomes unhinged, one analyst is pinning hopes on Friday’s U.S. jobs report to temper the decline. Bitcoin, the leading cryptocurrency by market value, dipped below $54,000 early Friday amid reports that the defunct exchange Mt. Gox moved BTC worth $2.6 billion, supposedly for creditor repayments.…

DWF Labs will buy $12 million worth of Floki tokens to support the meme coin’s growing ecosystem, one Floki developer said. The purchase follows February’s commitment to buy $10 million worth of FLOKI tokens, which contributed to a 50% price increase at the time. Crypto trading firm DWF Labs will buy $12 million worth of floki (FLOKI) tokens from the open market and the Floki treasury to support the dog meme coin-turned-utility project’s growing ecosystem, Floki developer “B” told CoinDesk on Tuesday. This follows a previous commitment to purchase $10 million worth of FLOKI tokens in February, which contributed to…