Author: NBTC
The recent bullish momentum in Bitcoin has garnered significant attention from cryptocurrency analysts and traders alike, with renowned figures such as Tuur Demeester and Peter Brandt weighing in on the market’s trajectory. Demeester, a respected Bitcoin analyst, has ignited optimism with his recent post indicating a potential surge in Bitcoin’s value. According to Demeester, Bitcoin appears to be primed for an “epic bull market,” drawing parallels to aggressive cycles observed in 2012 and 2015. Notably, he highlights the minimal price drawdowns currently witnessed in the market, suggesting a scenario where dips are swiftly absorbed by eager buyers. This sentiment is…
Investors have reportedly lost faith in ETH as Ethereum has consistently failed to match Bitcoin’s significant gains. Sentiment around Ethereum (ETH) is at its lowest level in years, despite recent developments like BlackRock’s BUIDL fund, according to Luke Nolan, a researcher at CoinShares. This waning optimism coincides with the rise of smaller altcoins like Solana, which are attracting investors who no longer expect their Ethereum investments to generate as high returns as they have in the past. Nolan noted that while some people may not consider ETH an altcoin per se, its performance relative to Bitcoin is a strong benchmark…
VeChain launches VeBetterDAO, a decentralized autonomous organization (DAO) on its ALPHA TESTNET PHASE, offering participants the opportunity to engage and earn B3TR tokens, convertible to VOT3 tokens upon mainnet launch. VeBetterDAO promotes sustainability in Web3, fostering collective action and rewarding sustainable practices within its ecosystem. VeChain’s latest initiative, VeBetterDAO, is currently in its ALPHA TESTNET PHASE, anticipating a full mainnet launch on June 30, 2024. CNF YouTube Video: VeBetterDAO – Empowering Sustainable Community Governance Engaging with the DAO during this testnet phase grants participants the utility token B3TR, redeemable on a 1:1 basis upon mainnet launch. As the DAO enters…
Stuart Alderoty, chief legal officer at Ripple, recently took to the X social media platform to react to Consensys’s recent lawsuit against the U.S. Securities and Exchange Commission. He said that his take from 2022 “aged well.” A limitless jurisdiction? As reported by U.Today, the Ethereum backer railed against the regulator’s efforts to expand its jurisdiction by classifying the leading altcoin as a security. Consensys argues that the SEC is hurting developers and market participants while hindering innovation with its hostile approach to cryptocurrencies. Back in May 2022, Alderoty said labeling every token besides Bitcoin as a security is “a…
Bitcoin’s spot trading volumes on Coinbase have soared, hitting all-time highs (ATH) even as the price has yet to break past its peak. This surge in volume speaks volumes about the underlying strength of the market and may very well be a more significant indicator than the price itself. Volume represents the total number of shares or contracts traded within a specified time frame. For Bitcoin on Coinbase, the increasing volume signifies heightened activity and interest, which is a vital sign of a healthy bull market. It indicates not only the conviction of buyers but also suggests that new capital…
The former leader of China’s digital yuan effort is reportedly under investigation for alleged law violations. He is now an official at China’s Securities Regulatory Commission. Yao Qian, the architect of China’s central bank digital currency (CBDC) project, is under investigation for ‘violations of discipline and law,’ state-owned news outlet, Shanghai Securities News reported Friday. Qian led a research effort by the People’s Bank of China (PBOC) to create and issue a digital yuan, a project that partly prompted other major jurisdictions around the world to also start exploring CBDCs. He left the central bank in 2018 and has since…
In a significant boost to the blockchain gaming landscape, the Starknet Foundation has unveiled its groundbreaking Propulsion Pilot Program. This initiative is specifically designed to support game developers by offsetting the burdensome network fees associated with running games on the blockchain. As the gaming industry grapples with monetization challenges, this program promises to be a game-changer by facilitating smoother operations and promoting extensive growth within the Starknet ecosystem. Announcing the Starknet propulsion program!The Starknet foundation is proud to announce the Starknet propulsion program, a first of its kind initiative aimed at supporting established teams in launching games on Starknet and…
An in-depth examination conducted by the onchain analytics firm Glassnode, alongside the researcher Cryptovizart, has shed light on bitcoin’s unexpected rise to record-breaking highs just before the halving occurrence, unveiling key aspects of market behavior. Glassnode Report Sheds Light on ETF Net Inflows and Long-Term Bitcoin Holder Gains In its analysis, Glassnode emphasizes the notable entry of institutional funds into bitcoin (BTC), especially after the green light for U.S. spot bitcoin exchange-traded funds (ETFs). This influx, contrary to the doubts of critics, has boosted bitcoin’s value, reaching $70,000 last week—a 58% leap from its $42,800 value before the ETF approval.…
Ethena’s USDe, a synthetic dollar stablecoin, encounters critical assessments. TardFiWhale, a blockchain sleuth known has spotlighted “critical flaws” in Ethena’s system. Despite issuing over $1.5 billion in USDe, Ethena is now grappling with potential vulnerabilities that could endanger user investments. TradFiWhale Raises Concern Despite Ethena’s Token Listing TardFiWhale, with a track record of exposing financial missteps such as the collapse of the TerraLuna ecosystem, has raised alarms about Ethena’s structural weaknesses. “They’re paying me off to stop shitposting Ethena; how they’re launching a bug bounty program after launching their token allowing insiders to cash out from their shard campaign participation…
Taiwan prosecutors charged 32 individuals with fraud and money laundering linked to ACE Exchange, the Taipei Times reported Friday. The Taipei District Prosecutors’ Office indicted key figures involved with the exchange. These include founder David Pan, his business partner Lin Keng-hong, and former chairman Wang Chen-huan. In a staggering fraud, prosecutors estimate over 1,200 people lost a combined total of NT$800m ($24.56m). Prosecutors allege that starting in 2019, the suspects convinced investors to buy NFTC tokens, bitnature coins, mochange (a token created by ACE Exchange), and other tokens. They are also accused of creating white papers and other materials to…