Author: NBTC

Bitcoin’s price has dropped rapidly over the last few days after failing to keep above the $70K level. The market is currently approaching a fundamental level. Bitcoin Price Analysis: Technicals By TradingRage The Daily Chart As the daily timeframe demonstrates, the BTC price has been trending downward since the beginning of June following a rejection from the $72K zone. The price is approaching the pivotal $60K support level. With the 200-day moving average around the $58K mark, a break below $60K could lead to a retest of the moving average. Overall, the market’s mid-term fate relies on the price’s reaction…

Crypto bank Anchorage is adding custody support for tokens on the Solana blockchain, CEO Nathan McCauley told CoinDesk. The federally chartered custody company will initially allow its customers – ranging from venture capital firms and hedge funds to the treasuries of protocols – to stash a handful of tokens that follow Solana’s SPL standard. Anchorage began adding custody support for Solana-based tokens in 2022 and only added staking support last year. McCauley said the company waited to build out and launch custody support for SPL tokens rather than moving too fast, too soon, for a chain that’s taken some lumps.…

Investors holding just 50 million, 100 million or 500 million Shiba Inu could rake in substantial profits if SHIB claims lofty targets such as $0.00009, $0.0007 and $0.005. Shiba Inu is one of the victims of the ongoing market crash. Being a meme coin, SHIB faces greater volatility than most assets in the top 20. While this trait can be beneficial during market upswings, it is also detrimental when a downtrend ensues. Shiba Inu Accumulation Amid Downtrend SHIB has collapsed 7.47% in July despite a remarkable 16.15% intraday increase on July 6. The bearish performance this month comes after a…

Ripple co-founder and its former Chief Executive Chris Larsen (currently the company’s executive chairman) has taken to his account on the X platform to comment on the recent development that is currently celebrated by the Ripple team and the XRP community around the world. Larsen commented on the final decision of the court regarding the size of the fine demanded by the SEC. He expressed a hope that this development may finally end the “war on crypto” unleashed by the U.S. regulators. “Let’s hope this ends war on crypto” Larsen reposted the tweet that was earlier published by the Ripple…

Binance, the largest cryptocurrency exchange by trading volume metrics, has announced the long-awaited Toncoin (TON) spot listing. Toncoin is a Layer-1 (L1) blockchain initially created by the team behind Telegram to be fast and scalable. Binance Introduces Toncoin Spot Trading Toncoin, previously available only for futures trading on Binance, is now accessible for spot trading. This change provides investors and traders with increased flexibility. Unlike futures trading, where contracts are set for future delivery, spot trading allows for immediate buying and selling of Toncoin. Binance users can trade TON in the spot market beginning August 8, 2024, at 10:00 UTC.…

The German government seized 50,000 Bitcoin and recently sold 3,000 BTC, but now holds over $3 billion in BTC, with $1.1 billion unrealized profit from the Bitcoin price surge. According to Ki Young Ju, Founder & CEO of CryptoQuant, the German government seized 50,000 Bitcoin, selling approximately 3,000 BTC. Notably, the recent surge in Bitcoin prices has led to a $1.1 billion unrealized profit, pushing the value of Germany’s remaining Bitcoin holdings to $3.24 billion. 🇩🇪 Germany seized 50K #Bitcoin and has sold around 3K BTC. The surge in $BTC price has resulted in a $1.1 billion unrealized profit, increasing…

The stablecoin sector has recently been going through huge growth and crucial developments. DWF Ventures has shared a comprehensive market analysis, classifying the chief mechanisms and examining the exclusive trends, signifying the broadening market size and the market leaders’ dominance. The platform took to its official social media account to disclose and provide the details in this respect. 2/ Market SizeThe stablecoins market has been expanding significantly, with market cap surpassing $160bn – which is a $41bn increase since Oct 2023.The growth indicates capital influx into crypto, especially when stablecoins play an important role as “cash” in the space. pic.twitter.com/AdNHw6lIFO…

Axie Infinity launches the Premier Bounty Board with 12.5K AXS rewards for deeper ecosystem engagement. Axie Infinity introduces Metamorph to enhance collectible usability, focusing on scarcity and utility. Axie Infinity, the cryptocurrency game that gained popularity in 2021, is back in the spotlight as part of efforts to reinvigorate the crypto gaming sector. Axie Infinity announced on Twitter that the Premier Bounty Board would begin on July 15, 2024. The Premier Bounty Board is Coming to Lunacia! We launched the Bounty Board in April to reward Lunacians for engagement in our digital nation. Play-to-Rice 🍚 became an egalitarian way to…

Do Kwon’s extradition from Montenegro has been delayed yet again. Just last week, the Balkan country’s appellate court issued what seemed to be a definitive decision to extradite Kwon to his native South Korea. But like past extradition decisions in Kwon’s case, it has been postponed by Montenegro’s Supreme Court at the request of the country’s top prosecutor, Minister of Justice Andrej Milović, according to local media reports. Montenegro has unexpectedly found itself at the center of a diplomatic tug-of-war over the Terraform Labs co-founder. Both South Korea and the U.S. want to try Kwon for civil and criminal charges…

Axie Infinity introduces Meta Morph, adding new value and utility to collectible Axie cards in the Origins game mode. Roguelike Mode launches with exciting events, offering Roguelike Tickets and new non-seasonal Runes and Charms for players. Axie Infinity, one of the major players in the crypto gaming industry, continues to make progress with new updates and advancements that promise to improve the gaming experience for its community. The game has introduced a new feature called Meta Morph, which allows users to transform collectible Axie cards into other Axies they own in Origins. This feature dramatically boosts the utility and worth…