Author: NBTC

Bitcoin price is correcting gains from the $95,000 zone. BTC is back below $94,000 and might test the $91,200 support zone in the near term. Bitcoin started a minor downside correction below the $94,000 zone. The price is trading below $94,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $94,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $94,200 zone. Bitcoin Price Starts Downside Correction Bitcoin price remained stable above the $90,000 level and started a…

MOVE price has dropped 28% in the past week and is currently trading at just 4% above its all-time low amid an ongoing third-party investigation into suspicious market maker activity involving the token on Binance. Movement Labs (MOVE) has recently launched a third-party investigation into market maker misconduct involving the MOVE token, following Binance’s discovery that an undisclosed market maker had dumped 66 million MOVE tokens shortly after launch while placing minimal buy-side orders. In response, Binance delisted the market maker and froze millions of dollars in suspected profits to potentially compensate affected users. Speaking to Blockworks, a Movement Labs…

CDARI is excited to make an official collaboration with Cryplex AI, taking a remarkable leap to shape the future of decentralized infrastructure. This groundbreaking partnership strives to introduce a wide range of unused disk space and transform the era of artificial intelligence (AI). This alliance further aims to redefine it into a secure and high-performance storage network. 🚨 PARTNERSHIP ANNOUNCEMENT 🚨We’re excited to team up with @Cryplexai — a DePIN-based decentralized storage platform turning idle disk space into a powerhouse for AI data storage!Cryplex is revolutionizing AI with:⚡️ Transforming idle disk space into secure,… pic.twitter.com/K20I9bU7Iv — CDARI (@cdariofficial) May 4,…

Robert Kiyosaki, vocal Bitcoin supporter, advocate of financial education known for his bestselling book “Rich Dad Poor Dad”, has published a tweet in which he offered his apologies to his X followers. Kiyosaki summarized the results of the poll related to Bitcoin that he published on his X account over the weekend. And it looks like this outcome has disappointed him since the absolute majority of his X followers have basically ignored his tweet. To a degree, this can be likened to a silent backlash from the investment community. Worse reaction to Bitcoin poll than expected On Sunday, Robert Kiyosaki…

Babylon, a platform enabling native Bitcoin (BTC) staking, recorded a notable unstaking event on April 17. Approximately $1.26 billion worth of BTC was withdrawn from the protocol. The move resulted in a significant decline in Babylon’s total value locked (TVL). Moreover, the price of its native token, BABY, also dipped. Babylon’s TVL Drops 32% After Massive BTC Unstaking Blockchain analytics firm Lookonchain alerted users about the unstaking on X (formerly Twitter). “About 5 hours ago, 14,929 BTC($1.26 billion) was unstaked from Babylon,” the post read. Addresses Unstaking Bitcoin from Babylon. Source: X/Lookonchain This move triggered a sharp drop in the…

In recent years, blockchain explorers have advanced significantly, and with the rise of generative artificial intelligence (AI), their capabilities have expanded further. Below, we examine two leading blockchain explorers incorporating AI, designed to translate transaction data into human-readable formats. From Forensics to Fast Facts: How AI Is Transforming Blockchain Exploration Generative AI has revolutionized numerous domains—from generating visuals and refining prose to streamlining website design. Now, this technology has permeated the blockchain sector, with two explorer platforms embedding AI into their interface design. The first platform is Arkham Intelligence, a blockchain analytics tool that democratizes access to intricate blockchain data…

The Bitcoin market continues to be animated by significant movements. Michael Saylor, co-founder of Strategy, recently sent a strong signal to investors, hinting at an imminent new investment in Bitcoin. What sparked the enthusiasm of observers was a simple phrase on X (formerly Twitter): “Stay Humble. Stack Sats.” This enigmatic statement arrived on April 27, 2024, just a week after Strategy had announced the acquisition of Bitcoin for a value of 555 million dollars, paid at an average price of 84,785 dollars per unit. According to the analyst RunnerXBT, the new investment could be between 1.4 and 1.6 billion dollars,…

Synthetix protocol’s sUSD stablecoin fell to a new low of $0.66 this week, over 30% below its intended $1 peg, extending a month-long depegging trend that has raised concerns about the protocol’s stability. “It is worth pointing out that sUSD is not an algo stable, it is a pure crypto collateralised stable,” Synthetix founder Kain Warwick wrote in an April 2 tweet thread. “The peg can and does drift but there are mechanisms to push it back in line… These mechanisms are being transitioned right now, hence the drift.” It is worth pointing out that sUSD is not an algo…

Ethereum co-founder Vitalik Buterin has issued a stark warning to developers of rollup-based L2 systems solutions, emphasizing that the rush to decentralize without robust security measures could result in catastrophic financial losses In an X post, the Ethereum co-founder pointed out that achieving stage 2 in an L2 network is critical for security; however, he claimed that it’s just as vital to strengthen the underlying proof system. He added that rushing to stage 2 without significantly improving proof reliability could actually increase the chances of failure. One of Buterin’s points of concern is that many rollups still rely on centralized…

Bitcoin maintains strength above $91,780, the 78.6% Fibonacci level, hinting at a potential bullish continuation. Can BTC set a new all-time high soon? After a 10% jump last week, Bitcoin trades at $94,000, with a bullish start to the week. Bitcoin records an intraday recovery of 0.33% after forming a 24-hour low at $92,846. Will this short-term recovery prolong the prevailing bullish trend for a new all-time high? Bitcoin Price Analysis In the daily chart, the double bottom breakout rally in Bitcoin price trend has surpassed the 78.60% Fibonacci level at $91,780. At present, after the short consolidation, Bitcoin hints…