Author: NBTC
Bitcoin has experienced considerable gains over the past week, which has impacted the entire market landscape. In this dynamic environment, IoTeX, one of the prominent blockchain projects, has made a significant announcement. The latest update was shared just moments ago, generating substantial interest and reactions. Contents hide 1 What Is IoTeX’s New Vision? 2 How Is the IOTX Price Reacting? 3 Key Takeaways for Investors What Is IoTeX’s New Vision? IoTeX has introduced its next major milestone, IoTeX 2.0, via a detailed post on X. This upgrade promises a transformative shift in their existing blockchain infrastructure, enhancing it into an…
Bitcoin (BTC) is showing signs of approaching a significant low, presenting a potential buying opportunity for investors and traders. Recent price movements indicate a gradual rounding off from its recent peaks, reflecting a slow but steady decline in market enthusiasm and buying pressure. This trend suggests that a major low could be imminent, which savvy investors might leverage to their advantage. Trading expert Alan Santana projected on June 26 that Bitcoin could soon test several key support levels. Currently, Bitcoin is hovering around the $62,473.33 mark, which corresponds to the 0.618 Fibonacci retracement level—a historically strong support during downtrends. Should…
Morpho did not disclose a valuation based on the funding, which was raised by a private token sale. Morpho previously raised $18 million in 2022, when the DeFi firm’s CEO, Paul Frambot, was still in his third year at college. Morpho, a decentralized cryptocurrency lending protocol, raised $50 million in a strategic funding round led by Ribbit Capital, an early-stage investor in fintech firms including Robinhood, Revolut and Coinbase. Also participating in the private token sale were heavy hitters like a16z crypto, Coinbase Ventures, Variant, Pantera, Brevan Howard, BlockTower and Kraken Ventures. Morpho’s valuation based on the funding was not…
Dozens of meme coins surged in the cryptocurrency market following Donald Trump‘s assassination attempt on July 13, including $FIGHT. Crypto insiders have benefited from the buzz to turn nearly $5,000 into over $7 million, frontrunning retail traders. Lookonchain detected and reported this insider trading on the Ethereum (ETH) network, a cautionary tale of this market’s dangers. In particular, the researcher found 24 crypto wallets belonging to insiders or developers given suspicious and telling trading activity. According to Lookonchain, these 24 addresses spent 1.5 ETH, worth $4,864, to buy 378.45 million $FIGHT. This amount represents 37.8% of the token’s total supply,…
The price of Bitcoin (BTC) now stands as one of the most speculative subjects in the broader digital currency ecosystem. After falling as low as $58,554.25 over the past week, there are now reasons to be optimistic for a major bullish rebound. According to insights from top market analyst Ali Martinez, Bitcoin might be on its way to retest the $66,000 price mark in the short term. Bullish Bitcoin call Martinez revealed that Bitcoin had formed a pattern called “Adam and Eve.” Considering its bullish nature, this pattern can push Bitcoin up by more than 6% from its latest level.…
The spate of crypto bankruptcies of major platforms like Celsius, FTX, and BlockFi have brought doubts in the crypto community on the legal uncertainties and financial turmoil coexisting within this highly volatile space. The sudden changes in legal rights and responsibilities during these crypto bankruptcies have created unpredictable results that some experts are comparing it to stepping into a bizarre alternate reality. One of the most pressing concerns is that the Bankruptcy Code lacks specific guidance on how and when to value digital assets. This has left stakeholders grappling with a multitude of possibilities, where the value of their crypto…
Today, Sharpe AI has announced a new partnership with io.net. Sharpe AI has integrated the io.net’s GPU cluster for its artificial intelligence (AI) fine-tuning processes. The collaboration between these two networks aims to use AI and machine learning technology to enhance the cloud computing industry. We’re excited to see @SharpeLabs leveraging our GPU cluster for their AI fine-tuning! Their smooth onboarding and seamless deployment reflect our dedication to quality service. Looking forward to supporting their growing cloud computing needs! https://t.co/ZaCnfMD27c — io.net (@ionet) July 17, 2024 Io.net (IO) is a decentralized GPU network that was developed to provide scalable and…
Bitcoin, the leading cryptocurrency, was greatly affected by sales from miners, as well as sales by the US and German governments. Miners, whose earnings decreased after the halving, sold BTC to survive, putting pressure on the price. However, CryptoQuant said that on-chain data showed a significant decline in miners’ Bitcoin sales, which peaked in early June. This decrease means that the effect of selling pressure on Bitcoin has decreased and optimistic market sentiments have emerged. “One of the reasons why the cryptocurrency market has fallen recently is miners. After the Bitcoin halving, mining activity decreased and miners began selling Bitcoin…
The Cryptonomist conducted an interview with Burnt Banksy, founder of NFT art project Burnt and core contributor to the XION L1 blockchain. Burnt Banksy is leading a mission to democratize web3 for the masses and make digital ownership accessible to all by removing unnecessary barriers and complications through crypto abstraction. After launching the XION Blockchain, Burnt Banksy and his team secured a $25M funding round – with the goal of “making crypto disappear.” Burnt Banksy provided us valuable insights into topics related to Web3 adoption, crypto abstraction, ecosystem interoperability, and why he and XION’s investors believe that XION is the…
BingX has launched BingX Labs to support digital asset startups with technical and strategic support. Crypto startups in Asia and Africa surged in 2024. The leading cryptocurrency exchange, BingX, has unveiled BingX Labs, its new investment division planned to fuel the growth of digital asset startups. This initiative comes at a time of increasing optimism within the crypto market, highlighted by a surge in investment and heightened participation from traditional financial players. BingX Labs focuses on providing comprehensive support to emerging crypto projects, offering more than just financial backing. The new division will bring various services, including technical guidance, strategic…