Author: NBTC
Bitcoin, the world’s leading cryptocurrency, has stalled in price performance, falling short of the broader ecosystem’s expectations following the halving event. Although the Bitcoin halving was not a guarantee of a price surge, the digital asset is yet to soar and break certain critical price levels or hit the $73,000 peak it attained before the halving in March 2024. Saylor’s cryptic post and continued advocacy Despite this seeming poor performance, Bitcoin advocate and MicroStrategy cofounder Michael Saylor, in a cryptic post on X, is urging investors to have faith in the asset and to buy BTC. Per the post, it…
A “smart money” bought 4,000 Ethereum (ETH) tokens worth $12.58 million on Friday. The transaction drew attention, not only due to the prevailing market conditions but also because of the trader’s track record of successful purchases. Retail investors and smaller traders often look to smart money investors for cues on market direction and potential investment opportunities. Ethereum Whale Buys 4,000 ETH Lookonchain highlighted that this “smart money” investor has a 100% success rate, having bought and sold ETH seven times between November 21, 2022, and May 23, 2024. In each instance, they bought at low and sold at high prices,…
In recent months, the cryptocurrency market in the SEA region has grown drastically. Statista has confirmed the growth of the cryptocurrency market in this region by reporting that the cryptocurrency market in Asia will reach a profit of US$1,787 M by the end of 2024. Additionally, the number of users is expected to amount to 106.20 Mln users by 2028. User penetration will be 12.80% in 2024 and is expected to hit 14.86% by 2028. BTG Could Lead the Crypto Market in Asia Bitcoin Gold has been considered one of the main cryptocurrencies providing mining alternatives to BTC in Asia.…
Countless lives were changed on October 7th, 2023, and Yusef Mahmoud’s was no different. Even before the war, the Palestinian taxi driver couldn’t stand being a passive observer of unemployment and hunger, both prevalent in Gaza’s everyday life. In 2022 and early 2023, more than two million Gazans lacked access to clean water and an appropriate sewage system, while two-thirds of the population lived in poverty. Against this backdrop, Yusef turned online for help. It was Ramadan of 2023 and he wondered if other Muslims across the globe would contribute with bitcoin, the first decentralized cryptocurrency, that he could use…
Eric Paulier, founder and CEO of Vatom, spoke at the UNESCO “Change the Game” sports conference in Paris. His speech offered a future vision of the Esports Olympics, which includes “virtual sports,” competitions involving technologies such as AI and NFT. Olympics of Esports: Eric Pulier’s vision on the future of “virtual sports” with AI and NFT Esports Olympics: promoting inclusion thanks to AI and other technologies The game based on Tezos Blockchain Olympics of Esports: Eric Pulier’s vision on the future of “virtual sports” with AI and NFT Eric Pulier, CEO of Vatom, spoke at the UNESCO “Change the Game”…
Forthewin Network temporarily suspended its bridging services from Neo to Ethereum and Polygon, particularly the ftwNEO and NEP token assets. In Forthewin Network’s Discord server, the project founder, Ed, addressed the critical bug found by a white hat hacker: As a result, we have disabled the bridges for ftwNEO and NEP on Ethereum and Polygon. The assets are safe. We have identified the bug and addressed it. However, we want to double-check all our codes at this moment to ensure safety. The development team fixed the bug within 48 hours, relaunched the bridging service, and no users reported losing access…
Strap in, we’re gonna dive into some technical analysis. Bitcoin broke below $60,000 on Monday. Although it has since regained that level, there is ongoing speculation about the next support line, with some wondering if the price could drop even further. John Glover, chief investment officer at Ledn, spoke to Blockworks about some of the technical levels to watch. He said the next threshold would be $55,000 or $56,000; prices we last saw back at the beginning of May. If bitcoin falls below that level, then keep an eye on $49,000. Read more: On the Margin Newsletter: How low BTC’s…
An on-chain smart money trader recently purchased 4,000 ETH tokens worth $12.58 million, making a move that aligns with their past successful trading patterns. This trader, noted for a 100% win rate, has consistently bought ETH at lower prices and sold at higher prices, accumulating a profit exceeding $38 million since November 2022. Lookonchain, a well-known crypto surveillance, called attention to this trader’s activities in a recent update. Strategic Buy and Sell Patterns The smart money trader’s history of ETH transactions reveals a clear strategy of capitalizing on price dips. Between November 2022 and May 2024, they bought and sold…
WLD is trading at $2.457, having risen by 15% after the announcement. It is up by 26% over the past 24 hours. The unlock schedule for early investors and team members has been increased from three years to five years, reducing the planned rise in circulating supply. Decentralized identity project Worldcoin has announced that it is extending lockups for early investors and team members, which has led to the project’s native token (WLD) rising 15%. WLD is now trading at $2.457, up from $2.147 when the announcement was made, compounding a daily gain of 26%, CoinDesk data shows. “The unlock…
Bitcoin’s correlation to macro factors remains a hot topic as global monetary policies and the asset’s price slumped over the last month Token Bay Capital founder and managing partner Lucy Gazmararian said in a CNBC interview Wednesday morning that Bitcoin (BTC) can move in tandem with the stock market. The trend appears more evident as digital assets become entangled with traditional finance, Gazmararian noted. Analysts have marked a correlation between BTC and macroeconomics due to geopolitical uncertainty and global monetary policies like rate hikes or cuts employed by the U.S. Federal Reserve. Reverse may also be the case in some…