Author: NBTC
Ethereum’s price has failed to break above the $4,000 resistance level once more and is yet to create a new all-time high. However, the market is showing resilience compared to other coins during the current correction phase. Technical Analysis By TradingRage The Daily Chart As the daily timeframe shows, ETH’s price has dropped back to $3,500 after getting rejected from the $4,000 resistance level once again. Currently, the $3,500 mark is holding and preventing the price from a further decline toward $3,000. Yet, if the $3,500 level is broken to the downside, the market will most likely move quickly toward…
Japanese banks, once secure in their financial strategies, are now facing severe challenges due to shifts in global monetary policies, as outlined by Bitmex co-founder Arthur Hayes in his latest blog post. These institutions are caught in a cycle of low yields and high hedging costs, which dramatically impact their operations and financial stability. Japanese Banks Struggle With Unavoidable Losses, Navigating Tough Global Economic Waters According to Arthur Hayes, Japanese banks have been heavily impacted by the aggressive rate hikes by the U.S. Federal Reserve, which began in earnest in 2023. Hayes points out that these banks, in pursuit of…
The Italian national team, in partnership with Argentina and Portugal, launches a digital collectible series through Socios.com, a product based on Chiliz: holders of Fan Tokens from Argentina, Italy, and Portugal will have access to these official collections. Let’s see all the details below. Chiliz and Socios.com: exclusive access for Fan Token holders Blocking and user engagement modes Chiliz (CHZ): the beginning of a new era of growth? Chiliz and Socios.com: exclusive access for Fan Token holders As anticipated, Socios.com has launched a special edition of its popular Locker Room feature, allowing fans to obtain official digital collectibles of their…
Main Takeaways Vishal Sacheendran, Head of Regional Markets at Binance, took center stage at the second Digital Innovation Academic Forum (DIAF) that took place on May 29 in Seoul, Korea, and was co-hosted by Binance Academy and Blockchain Law Society. In his keynote speech, Sacheendran highlighted how diverse regulatory frameworks across regions like the EU, Japan, and Thailand can add vital perspectives to the global debate on the shape of a harmonized crypto regulation. Panel discussions led by industry leaders underscored the importance for businesses to comply while remaining adaptable in a shifting regulatory environment, with a focus on finding…
Artificial intelligence-driven fighting game AI Arena has set a date for its NRN token launch, following a play-to-airdrop campaign this spring. Earlier this year, AI Arena let 8,000 users play its unique brawler game—built on Ethereum layer-2 scaling network, Arbitrum—while in pre-release for the chance to earn potential token rewards, with a campaign built around social media influencers. Now, those rewards are just around the corner. Those who participated will be able to claim their tokens at 7am UTC on Monday, June 24, with a centralized exchange listing coming an hour later. Which exchange(s) the token will be listed on…
API3’s recent integration with Scroll is setting new standards for data integrity and accessibility. This strategic development not only enhances the functionality of the Scroll Layer 2 solution but also pioneers new mechanisms for data utilization in blockchain applications. Revolutionizing Data Access in DeFi API3 is well known for its robust oracle solutions, and now it has introduced its high-tech Oracle Stack on Scroll which represents a considerable improvement on how developers can access decentralized data. Using this integration, developers can access API3s decentralized APIs (dAPIs) that will be critical for supporting the next generation of decentralized applications. This is…
Following a modest bullish rebound from the significant support levels at $59K and the 100-day moving average, bitcoin has approached a critical resistance at $72K. The price action at this key level likely sheds light on the cryptocurrency’s next major move. By Shayan The Daily Chart A detailed analysis of the daily chart shows that the $72K-$74K price range has acted as a formidable resistance for bitcoin, halting several upward attempts in recent months. This range is characterized by a high level of supply, resulting in substantial selling pressure and making it a challenging barrier for BTC buyers to overcome.…
Vitalik Buterin believes this practice for Ethereum will bolster the network’s security. The checksum address is a key concept in Ethereum that might push the risk of errors and potential losses in transactions down significantly. In the ERC-3770, Buterin made some important recommendations, one of which was that this might be the best chance to require mixed-case checksum addresses. All wallets, especially those using ERC-3770, are urged by Buterin to make sure they are only producing checksummed addresses. To help prevent errors, Ethereum addresses can be encoded using checksummed addresses, but what are checksummed addresses exactly? In an address string…
Canada has a well-developed cryptocurrency market with numerous regulated exchanges and a growing number of cryptocurrency investors. As cryptocurrency becomes increasingly mainstream, the subject of cryptocurrency taxes is becoming ever more relevant. In this article, we will provide a quick explanation of crypto taxes in Canada and address some of the most common questions Canadian crypto users have about taxes. What are the crypto taxes in Canada? In Canada, income from cryptocurrency-related transactions is either considered as a capital gain or as business income. 50% of the capital gain made from cryptocurrency investing is taxable. For example, if you purchased…
There is a growing evolution in digital currencies, with protocols linked to the Ethereum ecosystem recording a significant surge in total user count. Taking to X, Polygon cofounder Mihailo Bjelic shared an update that shows the layer-2 scaling solution has now topped Ethereum in total Monthly Active User (MAU) count. Ethereum versus layer-2 networks While Ethereum is the foundational network for layer-2 scaling solutions, it is fast losing some of its growth traction to these secondary protocols. Per data shared by Bjelic, the Polygon MAU jumped to more than eight million, while that of Ethereum stayed below the eight million…