Author: NBTC
The crypto market’s recent correction presents an opportunity for long-term investors, with key tailwinds that could propel Bitcoin to $100,000 by year-end. That’s according to Matt Hougan, chief investment officer at crypto asset manager Bitwise, who outlined his reasoning in a recent investor note on Wednesday, a day before official U.S. inflation data showed a dip in June. Inflows to U.S. spot Bitcoin exchange-traded funds, post-halving supply shortages, the eventual launch of Ethereum spot ETFs, U.S. Federal Reserve rate cuts, and a shifting political landscape in Washington may offer a reprieve from falling crypto prices, he said. “The crypto market…
Key Points: Immunefi and Ethereum Foundation partner for “Attackathon,” a pioneering audit contest to enhance Ethereum’s security through a time-bound code review. The Ethereum Attackathon audit contest aims to conduct the largest-ever crowdsourced security audit for the network. With a $500,000 initial contribution from the Ethereum Foundation, the contest invites ecosystem contributions to a reward pool. Web3 bug bounty platform Immunefi has partnered with the Ethereum Foundation to launch “Attackathon,” a large-scale collaborative audit contest aimed at securing the Ethereum network. Ethereum Attackathon Audit Contest Launched The Ethereum Attackathon audit contest will leverage Immunefi’s elite security researcher community, who will…
Aptos’ Layer 1 blockchain integrates the Chainlink Cross-Chain Interoperability Protocol (CCIP) and data feeds. This integration is part of Aptos’ participation in Chainlink’s SCALE program. The announcement was made during a panel discussion at the Consensus 2024 conference in Austin, Texas. The purpose of this extension is to help Aptos developers create decentralized applications (dApps) on the network. According to the press release, the collaboration will make Aptos the first Move-based blockchain to integrate Chainlink services. As the number of independent blockchains increases, communication between different networks becomes a challenge for the digital asset economy. Chainlink is a key project…
Nuvei Corporation, a Canadian fintech company, announced a partnership with Mastercard today. This partnership will launch a new off-ramping solution in Europe. The solution allows consumers to convert their digital assets, including cryptocurrencies, into traditional fiat currency. They can do this using debit, credit, and prepaid cards. This new function bridges digital and traditional finance. Consumers can spend their converted funds through Mastercard’s global network. The off-ramping solution is part of Nuvei’s modular payment platform. It aims to offer a simple and secure user experience. Consumers can convert a wide range of supported digital assets into fiat currency. They can…
QCP Capital has recently released a new market analysis offering insight into what might be in store for the price of Bitcoin (BTC) — more importantly, which direction it could move next. These fresh insights particularly focus on the options market. Market Anticipates Movement: Analyzing Bitcoin Options The latest report from QCP Capital has identified an interesting pattern in the Bitcoin options market, highlighting a rise in front-end volatility specific to BTC. This increase by 5 points in short-term volatility indicates that traders are preparing for larger price swings over the next few weeks. Additionally, the increasing number of topside…
Market analysts at Matrixport are predicting that the U.S. Securities and Exchange Commission will likely approve the long-awaited spot Ethereum ETFs this week, potentially sparking a rebound for the cryptocurrency’s price. #Matrixport 📈Today-Jul 8: SEC Will Likely Approve #ETH ETF This Week#CryptoFinance #cryptocurrency #Crypto #SEC pic.twitter.com/83WVrVjrOZ — Matrixport Official English (@Matrixport_EN) July 8, 2024 The post examined the series of significant developments that began on May 20, when the SEC requested prospective ETF issuers to revise their applications. It highlighted that three days after the SEC’s initial request, on May 23, the commission approved the 19b-4 filings alongside the S-1…
According to an update on VeChain’s official website, the company recently took center stage at the Amazon Web Services (AWS) China Summit energy forum in Shanghai. This notable event in the energy sector demonstrated how cloud services and generative artificial intelligence can push enterprises not only to global expansion, but also to achieve zero-carbon and sustainability goals. During the summit, VeChain, a key AWS participant and partner, presented its end-to-end digital carbon management solution, VeCarbon. Tian Xinli, Senior Director of Pre-sales and Solutions at VeChain, shared information about a platform specifically designed to facilitate carbon compliance in the Chinese battery…
OKX plans to use Malta as its European Union hub to comply with the region’s new MiCA regulation; previously, it had targeted France for this. “Compliance in Malta is way more lenient, and that’s not the tag you want to have when you’re in crypto and trying to make it in the EU,” said a person with direct knowledge of OKX’s European regulatory efforts. The cryptocurrency exchange is looking to fill several high-profile roles in Malta, including head of compliance, operations lead and head of internal audit. OKX, the world’s second-largest cryptocurrency exchange, plans to make the Mediterranean island of…
Greenidge Generation Holdings Inc. has expanded its bitcoin mining operations with a new site in Mississippi. The site, which went live on July 1, 2024, features 2,400 bitcoin miners and is expected to increase capacity further in the coming months. Greenidge Adds 2,400 Bitcoin Miners to New Mississippi Facility Greenidge (Nasdaq: GREE) acquired the 12-acre Mississippi property earlier this year and rapidly transitioned it to an operational site using its proprietary Greenidge Pod X infrastructure. The site currently has 8.5 MW of power capacity, with plans to secure an additional 25 MW within the next 12 months. Greenidge explained to…
PRConnect, a digital content marketing services provider, has partnered with MediaFuse, a vertical newswire service, to enhance its news and content distribution services. In a statement shared with CryptoSlate on July 8, the companies said the move would expand PRConnect’s global distribution footprint while simultaneously creating successful campaigns targeting multiple markets and regions. PRConnect will utilize MediaFuse’s PR syndication capabilities to deliver news and press releases to readers in the blockchain, cybersecurity, fintech, gaming, and high-tech industries. The partnership will also allow PRConnect to offer clients guaranteed coverage in top-tier publications, including tech sites and news aggregators. Additionally, the collaboration…