Author: NBTC

On-chain analyst Willy Woo is expressing bullish sentiment about Bitcoin (BTC) for the upcoming months. Woo tells his 1.1 million followers on the social media platform X that he expects Bitcoin to break out before October this year. According to Woo the ensuing Bitcoin rally in 2025 will be “one for the record books”. The on-chain analyst says that the rally will be driven by an increase in global liquidity, which typically favors risk assets. “Global liquidity forming a bullish ascending triangle.” Source: Willy Woo/X An ascending triangle typically forms when an area of horizontal resistance is continually tested while…

Ethereum (ETH) price is expected to note a massive surge following the launch of spot ETH ETFs this week. However, the bigger question is whether the hype surrounding the ETFs will be able to bring interest back into staking or not. Spot Ethereum ETF Could Bring Major Changes Ethereum’s transition from proof of work to proof of stake was met with extreme bullishness. It introduced a new form of yield for ETH holders, something that Bitcoin cannot offer since it is a proof-of-work chain. Plus, with ETH staking came the power of partial governance as becoming or endorsing a validator…

As many continue to follow and heed investment advice from Robert Kiyosaki, the American entrepreneur, famous investor, and finance author known for his best-selling personal finance book ‘Rich Dad Poor Dad’ has set his sights on a new asset to add to his portfolio. Specifically, alongside Marin Katusa, fellow entrepreneur and author of the New York Times best-selling book ‘The Colder War,’ Kiyosaki has started a project that involves mining a $5 billion lithium vein due to the metal’s use in the electronic vehicle (EV) industry, according to his X post on June 28. FAST TRACK INVESTMENT.FYI: For those who…

The Biden administration’s proposed 30% tax on electricity used by bitcoin miners has sparked considerable debate in the industry. Known as the Digital Asset Mining Energy tax, this policy aims to mitigate the environmental and economic impacts of cryptocurrency mining by taxing their electricity consumption. Industry experts argue that this tax could have unintended consequences, stifling energy development and distorting market dynamics. Harry Sudock, Chief Strategy Officer at GRIID, argues that the DAME tax lacks nuance in addressing the complexities of energy usage. He points out that the proposal fails to differentiate between peak and average electricity usage, potentially deterring…

Shemaroo has recently formed a new partnership with GMetri, which is essentially an extension of its metaverse platform, ShemarooVerse, in the AI gaming sector. It will be accountable for the introduction of IP-oriented games to the Web3 arena. Shemaroo Entertainment has disclosed that ShemarooVerse will feature games that are inspired by the highly sought-after Bollywood movies like Jab We Met, Golmaal, Disco Dancer, Amar Akbar Anthony, and a variety of others. IP-oriented games employ artificial intelligence to offer devotees a surreal experience within the metaverse. The Metaverse’s acceptability is on the rise, and as a result, additional films will be…

The industry-leading brand of DOGE and Litecoin mining machines announced a new product line at the recent Mining Disrupt 2024 conference. FoundationLogic, the fabless semiconductor design company behind high-performance ElphaPex Dogecoin (DOGE) + Litecoin (LTC) miners, took center stage at Mining Disrupt 2024 in Miami, Florida, held from 24-26 June. At the event, FoundationLogic unveiled its new product line for silent home miners. Like the pro ElphaPex DG 1/DG 1+ models, the new device, dubbed ElphaPex DG Home 1, is powered by the Proof-of-Work (PoW) Scrypt algorithm, offering dual DOGE and LTC rewards. Designed for a new era of home…

ZK Sync has a new name but also fresh details about its expanding constellation of connected chains. What were once known as Hyperchains has, following a trademark collision, been rebranded to the Elastic Chain, in conjunction with the ZKsync 3.0 network upgrade last month. This network aims to address the challenges of liquidity fragmentation and frustrating user experiences that have plagued multichain ecosystems. ZK rollups built on the ZK Stack are set to gain native, trust-minimized, and low-cost interoperability, according to a ZK Sync blog post. Read more: zkSync welcomes AI data warehouse as latest addition to hyperchain The core…

Bitcoin and altcoins turned green again with the release of US inflation data. While BTC rose above $66,000, altcoins also experienced significant increases reaching double digits. At this point, Fantom (FTM) is at the top with a 24.2% increase in the last 24 hours, while the mem token Book Of Meme (BOME) is in second place with a 22.7% increase; Sei (SEI) ranked third with an increase of 19.4%. While this mobility in Bitcoin caused option investors to increase their expectations, QCP Capital analysts made a new analysis about BTC. Stating that the US CPI data triggered the rise in…

iZUMi Finance has integrated with Core to enhance Bitcoin DeFi capabilities. iZUMi Finance is a leading DeFi protocol offering One-Stop Liquidity as a Service (LaaS) across multiple blockchains. This partnership is set to provide Core users with efficient and secure liquidity services. It also aims to enrich their decentralized finance experience. The most recent builders integrating with Core – @izumi_Finance – are here to boost BTCfi🔶Get to know them👇 https://t.co/6PpD39Jh3W — Core DAO 🔶 (@Coredao_Org) July 3, 2024 Core Users Gain Access to iZUMi Finance’s DeFi Services Compared to other DeFi platforms, iZUMi Finance stands out clearly as it offers…

Spot ETFs to have a bigger impact on crypto market price action, the report said. Canaccord noted that institutional adoption of crypto is still growing with more than half of the world’s largest hedge funds now trading or holding spot bitcoin ETFs. Ether spot ETFs should help broaden institutional appetite for other digital assets, the broker said. The approval of bitcoin (BTC) and ether (ETH) spot exchange-traded funds (ETFs) is encouraging and while digital assets underperformed traditional assets in the second quarter, potential ETF inflows could reverse the recent trend, broker Canaccord Genuity said in a quarterly report on Sunday.…