Author: NBTC
Bitcoin price is up nearly 8% and it broke many hurdles. BTC is now consolidating gains and might correct in the short term toward $65,000. Bitcoin started a strong increase and cleared the $63,500 resistance zone. The price is trading above $65,000 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $61,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct gains but the bulls might be active near $65,000 and $64,500. Bitcoin Price Jumps 8% Bitcoin price remained strong above the…
Reed O’Connor, a federal judge on the United States District Court for the Northern District of Texas, has granted a request by Consensys lawyers to make a decision on whether the U.S. Securities and Exchange Commission can regulate the self-custodial MetaMask wallet as a broker-dealer on an expedited basis. “Those questions would be considered alongside any arguments the SEC would make that we don’t get to bring a case against them,” Bill Hughes, a lawyer representing the Ethereum development studio, said in a post on his X social media account. The court’s ruling is expected around Christmas, according to Hughes.…
As the world’s largest cryptocurrency exchange by trading volume, Binance holds considerable sway over the crypto market. The listing of a coin on Binance often triggers a significant price surge, particularly under favorable market conditions. With over 200 million users globally and a daily spot trading volume surpassing $19.6 billion, Binance has become a coveted platform for millions of crypto projects. This Coincu’s article will list 10 potential candidates for upcoming Binance listings in 2024. Table Of Contents Top 10 Upcoming Binance Listings Conclusion EigenLayer – The first staking platform on Ethereum Puffer Finance – The project uses advanced staking…
The cross-chain messaging platform LayerZero has integrated Flare, connecting the Layer 1 blockchain for data to 75 blockchain networks. As announced on Wednesday, the integration means Flare can now connect to major blockchain networks such as Ethereum and Solana. The milestone also makes Flare accessible to multiple Ethereum Layer 2 (L2) networks, bringing over 50,000 decentralized applications (dApps) to Flare. “This is an incredibly valuable integration for all users and builders on Flare. Deployment of LayerZero V2 will help accelerate Flare’s expansion, paving the way for builders to develop a wide variety of innovative interoperable products,” Flare co-founder Hugo Philion…
US consumer price data came out on Monday, May 15. The core consumer price index (CPI), which measures underlying US inflation, increased less than expected in April. It climbed 0.3% from March, marking the first time in six months. This figure suggests a possible downtrend in inflation, raising hopes for a future Federal Reserve interest rate cut. Crypto Market Rebounds as US Inflation Slows, but Will It Last? Yet, Fed officials need more data before considering rate cuts. On Tuesday, Fed Chair Jerome Powell said the central bank will “need to be patient and let restrictive policy do its work.”…
Earlier today, RARI Chain announced an upcoming migration to use Celestia Org, the leading modular DA layer. RARI Chain is a creator-first blockchain powered by Arbitrum, offering a secure and low-cost environment with royalties embedded on the sequencer level. According to the firm’s statement, moving our DA layer from a Data Availability Committee to Celestia Org is a crucial milestone for their path to decentralization. 1/3 RARI Chain with @CelestiaOrg underneath ✨We are thrilled to announce the upcoming migration to use @CelestiaOrg, the leading modular DA layer. pic.twitter.com/FKaeZQXscR — RARI Chain (@RariChain) June 3, 2024 Celestia Keeps Blooming This development…
Galaxy Digital founder and CEO Mike Novogratz told CNBC’s ‘Squawk Box’ on Tuesday that the US crypto sector is headed for positive regulations regardless of who wins the upcoming election. Mike Novogratz, one of the biggest crypto bulls, shared his outlook during an interview that touched on the current US political scene, Biden’s disastrous debate and crypto. The billionaire asserted that despite the current status of crypto regulation in the US, he believes the next regime will take a positive stance and help the industry grow. “I am not a single issue voter and I do fundamentally believe crypto should…
Main Takeaways To kick off our seven-year anniversary (7YA) celebrations, Binance street and beach parties are popping up across the globe. Share what it means to you to ‘Be Binance’ and complete other tasks in our giveaways to share crypto rewards, exclusive merch and more! To stay updated on everything that’s been planned to celebrate you, our community, as we mark this milestone, follow our social media channels and use #BinanceTurns7 to find out more. Binance is gearing up to celebrate our seven-year anniversary on July 14, 2024! To mark this special occasion we are hosting a variety of global…
Bit Digital and Iris Energy reported June Bitcoin (BTC) mining results on July 5, posting one-year hash rate increases alongside reduced BTC output since April. Bit Digital reported a hash rate of 2.57 exahashes per second (EH/s) as of June 30, up from 2.54 EH/s in May and 1.78 EH/s in June 2023. The firm produced 61.7 BTC in June, down 2.5% from May. In earlier reports, the company said it produced 63.3 BTC in May and 119.3 BTC in April. The company also reported results of its other revenue streams, including aggregate staking rewards of approximately 49.8 ETH and…
peaq, known for its role as the layer-1 blockchain for DePIN and Machine RWAs, is expanding its ecosystem with SPIN.FASHION. This partnership marks a transformative era for luxury and art in the digital realm, as SPIN.FASHION—trusted by industry leaders such as Kering, Vogue, Galeries Lafayette, and H&M—pioneers a cutting-edge platform for minting, connecting, and trading next-generation phygital NFTs.—At the core of SPIN.FASHION’s innovation lies its ability to tokenize real-world art and luxury items, transforming them into on-chain RWAs complete with 3D digital twins. This integration not only enhances the authenticity of products but also introduces immersive extended reality (XR) experiences…