Author: NBTC
Bitcoin (BTC) has been trying to recover in recent days, having experienced a sharp correction to $53,500 due to sell-off pressure from Mt.Gox and the German government. While investors who suffered great losses with the last correction now expect an increase, analysts and officials generally say that this correction is healthy. One of them was VanEck CEO Jan van Eck. Speaking to CNBC, VanEck CEO said that the recent Bitcoin correction is perfectly normal and that the fundamentals and factors for BTC’s rise still look strong. Arguing that it is completely normal for BTC to experience corrections during the bull…
A federal judge encouraged Coinbase to drop – or at least substantially modify – its efforts to subpoena U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler’s personal communications during a hearing Thursday. Judge Katherine Polk Failla, of the District Court for the Southern District of New York, scheduled a hearing on short notice Thursday after SEC attorneys asked her to block a Coinbase subpoena last month directed at Gensler. The judge said she was “actually quite surprised by the request” made to Gensler in his personal capacity at the start of the hearing. Near the end, after both parties…
Bitcoin Policy UK, a crypto advocacy group in the United Kingdom, has urged the new administration to consider Bitcoin mining to bolster the country’s renewable energy grid. Bitcoin mining involves creating new bitcoins by solving complex math problems that verify transactions. A KPMG report stated that Bitcoin mining helps to stabilize power grids and utilizes underused renewable energy sources. Notably, this view is similar to that of Pablo Vegas, the CEO of the Electricity Reliability Council of Texas (ERCOT), who recently suggested that Bitcoin miners can help enhance the state’s grid stability. Why Bitcoin mining In the report, Bitcoin Policy…
The bullish prospects for Bitcoin (BTC) could rise if the flagship crypto asset manages to climb back above a key resistance level, according to an analyst and trader. The analyst pseudonymously known as DonAlt tells 61,400 subscribers of the TechnicalRoundup YouTube channel that Bitcoin re-entering the range between $60,000 to $70,000 would provide a “really really good setup” for more upside. “There is some hope in the form of we’re just going to reclaim the range… and that would mean closing back above $60,000, $61,000 that would be good right like if it can make it above here [$60,000].” Bitcoin…
Over the past few years, the market for non-fungible tokens (NFTs) has gone through quite a journey – from initial global frenzy to a more stable yet somewhat subdued phase. In 2021, NFTs first grabbed the world’s attention, creating waves in news headlines and cryptocurrency markets alike. Despite a cooling-off period in 2023, NFTs continue to drive significant trading activity, with sales consistently hitting the million-dollar mark. As of July 4, 2024, CoinMarketCap reported that the NFT market capitalization had surged past $3.697 billion. Some NFTs have fetched astonishing prices, making them some of the priciest digital assets ever sold.…
WadzPay’s Jason Sarria-Solis shares bullish future expectations in an exclusive interview. He delves into what to expect next for the project’s stablecoin venture. Analysts expect the project’s steady success to reflect on WTK price soon. WadzPay’s Stablecoin plan involves a ground-breaking approach to digital payments and an exclusive interview with Jason Sarria-Solis reveals a lot more. In detail, the President of Emerging & New Business at WadzPay shares exclusive insights to Coingape. Uncover WadzPay’s ground-breaking approach to digital payments, leveraging comprehensive blockchain solutions.Our ‘Stablecoin as a Service’ and ‘Stablecoin’ solutions will offer digital currency, effortless cross-border transactions, asset tokenization and…
A British man was convicted of selling deadly weight loss pills, and £15,000 (about $19,350) worth of Monero was “seized” from him by the Cheshire Cyber Crime Unit. Later, the Food Standards Agency sold the tokens for British pounds in what’s been described as the first UK Monero cryptocurrency payout. Monero is one of the largest privacy coins that hides the addresses and transactions of those on its network. Thus, it has become a popular token for people to use when they don’t want their activity traced—legal or otherwise. That’s apparently why Jack Edward Finney used Monero while running his…
Pixelverse, a Web3 brand and game ecosystem, has successfully raised an additional $2 million in private funding, bringing its total to $7.5 million, as per the latest updates shared with Finbold on July 12. The funding came from Galaxy Interactive, Crit Ventures, and Arc Community, with angel investors including Alex Kruger, Coco Bear, Luke Belmar, and The Block founder Mike Dudas joining them. Hopefully, the new investment round will fuel the expansion of the Pixelverse ecosystem, which is home to millions of players. Bringing Web3 intellectual properties into the real world The initial $5.5 million round saw investments from key…
Upbit, South Korea’s largest cryptocurrency exchange, started the day with altcoin announcements. At this point, Upbit announced that it would list a new altcoin and stated that this altcoin is Galxe (GAL). Upbit announced that it will list GAL on KRW trading pairs. “On July 11, 2024, GAL will be added to the KRW market on Upbit. Listing for GAL is planned on the KRW trading pair on the Ethereum network. Be sure to check the network before depositing digital assets. Deposits and withdrawals via networks other than those specified are not supported.” It’s on my second list too! Apart…
Bitcoin mining company Bitfarms has announced the date for a special shareholder meeting following Riot Platforms’ attempt to acquire its rival. Bitfarms, one of the largest Canadian crypto mining companies, has announced a special shareholder meeting for October 29, in response to a requisition submitted by its rival, Riot Platforms. In a Friday press release, Bitfarms said its committee of independent directors reviewed Riot’s request with financial and legal advisors. Bitfarms is stressing the need for shareholders to have sufficient time to evaluate Riot’s proposal. The Bitcoin mining company says its shareholders eligible to vote at the meeting could do…