Author: NBTC
Bitcoin surpasses $66K, overcoming major resistance levels and indicating strong market confidence and the potential for a new all-time high. Bitcoin recently surpassed a significant resistance level at $66,000, marking a notable milestone in its price journey. According to data shared by IntoTheBlock on X, the premier cryptocurrency demonstrated resilience by overcoming substantial on-chain resistance levels. This move has sparked discussions about the potential of Bitcoin to reach substantial price levels, particularly a new all-time high (ATH), according to IntoTheBlock. Bitcoin overcame some massive on-chain resistance levels with its move past $66k. The lack of selling during this move up…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. This year’s NFT.NYC was different. Since its launch in 2019, NFT enthusiasts and industry players have come together here to learn more about the latest trends and innovations in the space. The event is all about celebrating the impacts and potential of NFTs with a clear mission to drive mainstream adoption. As such, the level of excitement and investment around the event can be seen as a barometer for the state of the NFT landscape—and this year’s…
RedStone, a provider of oracle data feeds for blockchains, announced Tuesday that it raised $15 million in a series A round, led by Arrington Capital. The fresh round of capital will go towards hiring new team members, according to a press release. Participation in the round included SevenX, IOSG Ventures, Spartan Capital, White Star Capital, Kraken Ventures, Amber Group, Protagonist, gumi Cryptos, Christian Angermayer’s Samara Asset Group and HTX Ventures. The announcement comes as RedStone focuses on bringing its oracles to Ethereum’s emerging restaking landscape. In April, RedStone inked a deal with Ether.fi, the largest restaking service on EigenLayer, securing…
BNB, the altcoin of Binance, the world’s largest cryptocurrency exchange, exceeded $ 700 with an increase of more than 10% in the last 24 hours. While BNB became one of the most profitable altcoins with this rise, the rise in BNB also mobilized the whales. With the rise of BNB, five whales also purchased memecoin WHY, which is on the BSC network. According to Lookonchain’s post, 5 BSC whales purchased over $1 million worth of WHY. “BNB price reached an all-time high today! We noticed that some wallets are purchasing memecoin WHY on the BSC network. 5 wallets withdrew 779…
Key Points: Transak and Uniswap Labs partner to enable fiat-to-crypto purchases in the Uniswap Wallet. With Uniswap fiat services provided by Transak, users in over 160 countries can buy crypto using multiple payment methods like Apple Pay and Google Pay. Uniswap Foundation holds $41.41 million in assets and allocated over $7 million in grants in Q1 2024. Web3 payment infrastructure provider Transak has teamed up with Uniswap Labs to facilitate seamless fiat-to-crypto transactions directly within the Uniswap Wallet. Uniswap Fiat Services Expanded Through Partnership With Transak According to The Block, the collaboration aims to provide a user-friendly on-ramp experience, simplifying…
According to crypto analyst Ali, a popular indicator, the TD Sequential, recently presented a sell signal on the Bitcoin short-term charts. This development has piqued interest as it anticipates a potential correction for Bitcoin (BTC) over the next one to four candlesticks. On Bitcoin’s four-hour chart, the TD Sequential indicator has flashed a sell signal, suggesting that the current uptrend may be running out of steam and that a short-term correction could be imminent. The TD Sequential presents a sell signal on the #Bitcoin 4-hour chart, anticipating a one to four candlesticks correction for $BTC. pic.twitter.com/OC9Clv0Tat — Ali (@ali_charts) May…
VanEck has applied with the SEC to establish the first Solana ETF in the US, expanding its cryptocurrency investment products and capitalizing on Solana’s blockchain utility. The company filed an S-1 registration statement for its “VanEck Solana Trust” on Thursday, aiming to introduce the first Solana (SOL) ETF in the US. As the first organization in the United States to apply for a Solana ETF, VanEck is setting new standards, according to Matthew Sigel, head of digital asset research at the company. This action represents a significant advancement in the Bitcoin investment market. VanEck emphasized in the filing that the…
Shiba Inu marketing lead Lucie highlights the major developments introduced in the crypto ecosystem this year. Shiba Inu has recorded an impressive performance, ranging from the introduction of new technological solutions to its participation in critical crypto-related events. Lucie Highlights Major Shiba Inu Development in 2024 In an X post titled “2024 Recap,” Shiba Inu marketing specialist Lucie highlighted the major developments that have occurred within the SHIB ecosystem this year. 2024 Recap: Key Developments So Far https://t.co/KBMdomim9y / #Shibarium 1.Shibarium Layer-2 Solution: Significant progress was made with the Shibarium Layer-2 solution, enhancing scalability and efficiency within the Shiba ecosystem.…
PostFinance, one of the largest financial institutions in Switzerland, has announced that it now offers trading and custody services for several cryptocurrencies, including AVAX, Cardano (ADA), Polkadot, XRP and Solana (SOL). This development marks a significant milestone for these digital assets, particularly XRP and ADA, as they gain further recognition and accessibility, despite regulatory hurdles in the past. Charles Hoskinson, the creator of Cardano, responded to the news by highlighting PostFinance’s early support for Ethereum, a project he was involved with before founding Cardano. Hoskinson noted that PostFinance had been one of Ethereum’s first banking partners, emphasizing the positive and…
Despite the recent decline in the US CPI inflation report, investors are still willing to pay a premium for short-term downside protection, according to a new analysis of Chicago Mercantile Exchange (CME) Bitcoin futures options by CF Benchmarks. CF Benchmarks analysts noted that although Bitcoin broke above $66,000 following yesterday’s softer inflation data, there was “higher implied volatility for out-of-the-money (OTM) put options compared to call options.” This willingness of derivatives traders to pay high premiums for OTM put options is considered a bearish trend among short-term market indicators, according to analysts. The increased implied volatility (IV) for OTM put…