Author: NBTC
Bitcoin (BTC) is consolidating above $67,000 after facing rejection at the $70,000 mark, while the market anticipates a potential breakout. Indeed, crypto trading expert Rekt Capital believes that Bitcoin has room for a breakout, but the cryptocurrency needs to clear specific barriers. Particularly, in a post on X (formerly Twitter) on June 1, the expert stated that Bitcoin’s path to recovery hinges on ceasing its current pattern of forming lower highs. Rekt Capital’s analysis highlighted a consistent rejection of Bitcoin at decreasing price points, a trend that has characterized the cryptocurrency’s performance over recent months. He noted that the price…
In an unexpected breakthrough for the blockchain sector, a renowned data provider has announced its intention to partner with NEAR Protocol to strengthen their NFT market. This partnership will include the integration of a new data layer that is expected to transform how people interact with Web3 and improve user experience across NEAR. The partnership has managed to integrate an essential infrastructural aspect into the NEAR Protocol, which is currently running. This integration is about combining a complex data layer into the system and guaranteeing that all the users receive access to beneficial analytics and data. By extending this feature,…
In my ten years of investing in crypto, we have one of the most interesting opportunities I’ve seen: this is a unique moment in history for buying and holding Ethereum (ETH). The reason is that Ethereum ETFs have been approved, but are not yet available to the public. This week, SEC Chair Gary Gensler acknowledged in a formal Senate hearing that Ethereum ETFs have been approved, and are just waiting for the final paperwork, meaning they should be available sometime this summer. This is like a hotly-anticipated IPO, where excitement is building because everybody knows it’s coming. But here’s the…
In the latest weekly fund flows report by CoinShares, the cryptocurrency investment landscape has witnessed a notable shift, with XRP emerging as a standout performer. Despite an overall outflow of $126 million from digital asset investment products, XRP-focused vehicles have bucked the trend by attracting a staggering $300,000 in inflows over the past seven days. This marks a remarkable 300% surge compared to the previous week, reflecting a significant uptick in investor sentiment toward XRP-related financial instruments. With total inflows into investment products reaching $11 million since the beginning of the year, XRP has positioned itself as a leading contender…
On the ground for XRP Ledger Apex 2024, we caught up with Jazzi Cooper, Lead Product Manager at Ripple X and a major driving force behind its ambitious mission. In an exclusive interview, Jazzi shared insights into Ripple X’s role in reshaping the financial landscape and paving the way for a future powered by blockchain technology. Why Traditional Finance Needs a Disruption “Traditional finance rails today, as we know, are insufficient. Payments take multiple days if not weeks (…) and settlement is slow,” Jazzi remarked, setting the stage for a discussion on the urgent need for disruptive solutions in the…
One of the major beneficiaries in the digital currency ecosystem today is XRP, as it has seen a major recovery in its price, jumping by 6.24% in the past 24 hours to $0.5135. This XRP growth underscores the coin’s defined attempt to reclaim lost ground after falling from a high of $0.6642 over the past month to a low of $0.4336. With the rebalancing efforts underway, there are some growth catalysts to keep an eye on as the coin continues on its upward propulsion. XRP trading volume This might be a very simple metric to track, but it is arguably…
Bybit, one of the top three cryptocurrency exchanges by volume, teamed up with the Blockchain for Good Alliance to host a live stream for the Web3 WAGMI Race: Who’s Gonna Make It? event, as per the latest information shared with Finbold on June 13. The event featured distinguished speakers from Animoca Brands, Solana Foundation, Aptos (APT), Sei (SEIC), Taiko, and ConscienceLAND. Discussing the future of Web3 Key figures from the Web3 sphere were brought together to form three debating teams: Team DeFi, Team Real-World, and Team Chains. Each team offered profound insights and expert predictions on the trajectory of blockchain…
The blocksize war, a contentious debate within the Bitcoin (BTC) community, led to a chain split in 2017 and remains relevant seven years later. In particular, the dispute centered around whether to increase the block size limit from 1 MB to accommodate more transactions. This split resulted in the creation of Bitcoin Cash (BCH), a separate cryptocurrency with a larger block size. In a recent blog post, Vitalik Buterin, the creator of Ethereum (ETH), shared his reflections on the blocksize war. Buterin, who recently finished reading two books presenting opposing perspectives on the conflict, offered his unique insights into the…
Last week, Cardano released Hydra v.0.16.0, the latest version of the scaling solution that supports cardano-node v.8.9.0 and the corresponding Conway block format. Other developments included a new version of the Lace wallet, while the Mithril team furthered its work in scaling the signature and proof generation for the mainnet. The Cardano ecosystem continues to develop and improve and as the latest weekly development report reveals, there were new releases to the Hydra scaling solution and the Lace Web3 wallet, as well as continued development and testing on multiple other products. Last week, the Hydra team released Hydra v.0.16.0. The…
Supra, a fully integrated Layer-1 blockchain platform, has announced the launch of its inaugural contest, the Super dApp Showdown, as per the most recent updates shared with Finbold on June 13. Set to begin in August 2024, the contest aims to spotlight innovative decentralized applications (dApps), or Super dApps, created by top blockchain developers. A panel of judges, including representatives from Supra, Google Cloud, Republic Crypto, and Hashkey Capital, will evaluate the entries. The Super dApp Showdown The Super dApp Showdown invites developers to build on Supra’s Layer-1 network boasting Multi-VM support, in-protocol oracles, verifiable random function (VRF), bridges, and…