Author: NBTC
Pseudonymous analyst Rekt Capital says that one benchmark indicator is signaling that Bitcoin (BTC) is currently undervalued, with more upside to be captured. In a new video update, the analyst takes a look at the Pi Cycle top indicator, which has been used on Bitcoin for nearly a decade. The Pi Cycle top indicator uses the 111-day moving average (DMA) and a multiple of the 350 DMA. According to Rekt Capital, price trading below the 111 DMA has historically been a “bargain” opportunity for BTC bulls. “If we’re thinking about this halving year, then holding this moving average (111 DMA)…
A survey conducted by Binance revealed that more than half of all cryptocurrency users in Latin America utilize crypto as a long-term investment, choosing to hold onto their digital assets. The survey, which polled 10,000 users from Argentina, Brazil, Colombia, and Mexico, indicates that the number of users in this group exceeds the number of users who use crypto for daily trading. Binance Found Latam Investors See Crypto as a Long-Term Savings and Investment Vehicle Latin America investors have shown that they are quite particular when it comes to using crypto. A recent survey by Binance, one of the largest…
IOHK reports significant progress in the Cardano ecosystem, achieving $548.4M TVL, 1,368 active projects, and preparing for the Chang upgrade. IOHK, a leading blockchain infrastructure research and engineering company, has unveiled the latest feats in the Cardano ecosystem. The update, shared on X, showed significant progress in core technology, wallets, services, smart contracts, scaling, and governance. Another week, another #Cardano development update, now live on #EssentialCardano. Check this week’s highlights and get the latest on core technology, wallets and services, smart contracts, and scaling and governance developments. https://t.co/MrSFThcRuv — Input Output (@InputOutputHK) July 19, 2024 Impressive Growth Statistics Cardano has…
WazirX co-founder Nischal Shetty told CoinDesk the exchange has asked other exchanges for help after it suffered a $230 million hack – worth nearly 45% of customer funds – earlier this month, without naming any entities. Shetty said he could not disclose how much INR (Indian rupees) WazirX held on its books because that could “open up a new attack vector for someone right now.” Indian cryptocurrency exchange WazirX’s co-founder Nischal Shetty told CoinDesk that outreach efforts to different exchanges “are going to be crucial,” as it remains open to “everything that is possible to help solve this situation.” WazirX…
iMe Wallet has successfully integrated Solana. Solana is a cutting-edge, open-source blockchain network renowned for its exceptional speed and efficiency. Solana is designed to synchronize global information at incredibly high speeds. Moreover, its integration with iMe Wallet aims to revolutionize how users manage their cryptocurrency transactions. 🌟 Exciting News! 🌟👛 iMe Wallet has integrated @solana —an innovative, open-source network designed to synchronize global information at the speed of light.🏎 With #Solana, you can now experience fast and cheap transactions and high throughput for all your #crypto… pic.twitter.com/nLl0ziauvI — iMe Smart Platform (@iMePlatform) July 30, 2024 Solana Integration Enhances iMe Wallet’s…
In an appearance on CNBC’s “Squawk on the Street” on July 1, Tom Lee, co-founder and head of research at Fundstrat Global Advisors, shared his thoughts on the current state of the markets, his predictions for the S&P 500, and his bullish thesis on Bitcoin. Market Outlook and S&P 500 Predictions Lee began by discussing the overall market conditions and his expectations for the S&P 500. As of mid-2024, Lee highlighted that earnings for 2025 are looking stronger than anticipated, with estimates rising from an initial $260 to potentially $275, $280, or even $285. He believes this improved earnings outlook…
Blockchain infrastructure provider Anoma is said to be seeking new funding that would propel its valuation up to $1 billion. Anoma Foundation, the non-profit entity that created privacy-focused blockchain Namada, is reportedly in discussions to secure new funding that would elevate its valuation to $1 billion, sources familiar with the matter told Bloomberg today, July 30. Based in Zug, Switzerland, the Anoma Foundation is reportedly seeking to raise up to $40 million, although the exact list of potential investors remains undisclosed. A spokesperson for Anoma confirmed to Bloomberg that the organization is “in active discussions,” but didn’t specify a timeline…
Akash Supercloud is shaking up the cloud computing landscape by offering cut-rate prices on high-performance NVIDIA GPUs, including the sought-after H100. The decentralized platform’s unique “reverse auction” system and user-friendly interface is aimed to disrupt the industry and democratize access to powerful computing resources. The Akash Supercloud has some of the best pricing in the industry for high-performance NVIDIA GPUs — including H100, A100, and A6000.H100: from $1.46/hrA100: from $0.78/hrA6000: from $0.33/hrDeploy in minutes with Akash Console:https://t.co/IzS9nNd2uf#AISupercloud pic.twitter.com/uHhezzxEaz — Akash Network (@akashnet_) July 17, 2024 Launched on the Osmosis chain, the Akash Network debuted in the crypto market in March…
I was ready to sing the praises of PixelTap for being a Telegram-based tap-to-earn game that was trying to do something different. But amid recent changes, one new feature in the Pixelverse game has killed any chance of me continuing to play. Compared to other prominent tap-to-earn games, PixelTap is more involved than just blindly tapping the screen, as you are thrown into battles against other players and have to tap in specific areas of the screen to take them down. When you get matched against a similar-level opponent that isn’t using some kind of auto-clicker to gain an advantage,…
Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is set to host a highly anticipated livestream titled “Blinks, AI, Ignition: Bridging Web3 and Web2.” Scheduled for July 31, 2024, at 10 AM UTC, the event will bring together leading Web3 experts to discuss the latest crypto innovations aimed at integrating blockchain technology into traditional digital environments like Facebook and Twitter. This integration aims to enhance productivity and ownership for content creators and small businesses worldwide. Key topics and innovations to be explored The hour-long session, streamed via Bybit’s platform, will delve into several cutting-edge developments within social ecosystems and…