Author: NBTC
There is increasing bearish pressure on Bitcoin’s price as the flagship crypto repeatedly fails to break above resistance levels. In a gradual trend, BTC has continued to put in lower highs and lower lows since it achieved a new all-time high (ATH) in March 2024. While many analysts consider the pullback an accumulation, breaking below critical support could lower Bitcoin’s price. Data from TradingView shows that Bitcoin met resistance around $65,500 after recovering from the $56,500 swing low. That level also represents the 0.5 Fibonacci retracement level, covering the drop from the ATH to the recently identified swing low. BTCUSD…
Blockchain game developer and investor Animoca Brands announced its balance sheet for 2023. Accordingly, Animoca Brands stated that it has $203 million worth of cryptocurrencies on its balance sheet. Stating that the total asset value decreased for the 12 months ending December 31, 2023 compared to 2022, the company said that the value of these assets increased after the rise towards the end of 2023. The company announced in its official statement that it has $175 million in cash and stablecoins as of fiscal year 2023. According to the company’s balance sheet, it also has $203 million worth of cryptocurrencies,…
The crypto portfolio of Tron (TRX) founder Justin Sun, perhaps one of the most controversial names in the cryptocurrency world, attracts attention. Sun, whose blockchain network is the most popular network for sending stablecoin Tether (USDT) in the world, has a large number of altcoins on different chains. The total value of Sun’s known cryptocurrency wallets at the time of this writing is $1.03 billion. The biggest part of this amount, $276 million, is its own stablecoin USDD. Then comes the fact that he is the founder with 238 million dollars. In third place is the cryptocurrency project Bittorrent (BTT),…
Web3-based MMORPG Forgotten Runiverse is migrating from Arbitrum to Ronin, as announced today. This development helps to solidify Ronin as the premier destination for Web3 games. All game-centric NFT collections will migrate to Ronin, including Forgotten Runiverse Real Estate, Game Items, and Watcher’s Rings. The game will be available on the Epic Game Store later this year, with plans for mobile optimization. “The Forgotten Runiverse team has dedicated over three years to crafting a full MMORPG built for mass-market adoption that’s free-to-play on mobile and computers,” commented Sky Mavis CEO and co-founder, Trung Nguyen. “The Forgotten Runiverse’s vision of building…
SoonVerse has announced a partnership with BridgeM, a decentralized interoperability protocol. This collaboration aims to connect Bitcoin and Ethereum Layer 2 networks seamlessly. 💥 𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐰𝐢𝐭𝐡 𝐁𝐫𝐢𝐝𝐠𝐞𝐌 💥@BridgeM_io is a decentralized interoperability protocol that seamlessly connects Bitcoin Layer2 and Ethereum Layer2 networks.𝐇𝐞𝐫𝐞 𝐢𝐬 𝐡𝐨𝐰 𝐭𝐡𝐢𝐬 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐦𝐚𝐲 𝐛𝐞𝐧𝐞𝐟𝐢𝐭… pic.twitter.com/CRY8WMrAKs — SoonVerse❤️AIGG (@soon_verse) July 10, 2024 SoonVerse Enhances Security and Efficiency with BridgeM Collaboration One of the main advantages of this partnership is the smoother integration for SoonVerse customers. Through it, connected players will now be more capable of handling transactions across various blockchain networks without complications. In addition to…
While Bitcoin rose above $ 63,000 again during the day, it has generally exhibited horizontal movements lately. At this point, Bernstein analysts argued that these horizontal and straight movements of BTC could be good for miners. According to The Block, Bernstein analysts claimed that horizontal movements in BTC could be good for miners in this period when the economy is driven by the competitive hash rate. Bernstein analysts led by Gautam Chhugani and Mahika Sapra said in a note to clients today: “Bitcoin price is trending sideways, but we are not afraid of a big drop here. Here we expect…
Venture capitalists pumped nearly $3.2 billion into the crypto sector in the second quarter of this year, according to Galaxy Digital. Researchers at the crypto firm note in a new analysis that the digital asset venture capital market rebound that began in the first quarter continued through April, May and June. “Deal count dipped slightly [quarter on quarter], decreasing from 603 in Q1 to 577 in Q2, while capital invested rose from $2.5 billion in Q1 to $3.2 billion in Q2. Median deal size increased slightly from $3 million to $3.2 million, but median pre-money valuation surged dramatically to near…
In a recent CNBC interview, Ripple CEO Brad Garlinghouse shared his enthusiasm and optimism about the current state of the cryptocurrency industry. Ripple CEO Brad Garlinghouse and Kraken’s Chief Legal Officer Marco Santori discussed crypto regulation from Consensus 2024 in a recent CNBC Crypto World episode. When asked about his thoughts on the recent developments in the cryptocurrency industry, Garlinghouse responded with palpable excitement, stating, “It’s a magical time to be alive.” In a tweet, Garlinghouse reaffirms this statement. I genuinely meant what I said to @KenzieSigalos “It’s a magical time to be alive!” when she asked how I feel…
Video game players do not care about NFTs. They don’t care about ownership of in-game assets. They don’t care about faster and cheaper blockchains. They fundamentally don’t care at all about the underlying tech stack behind the games they play. This op-ed is part of CoinDesk’s GameFi Week 2024. Every year, the Game Developers Conference in San Francisco has a main floor filled with every manner of game development tools and platforms. Among these are inevitably Web3 companies trying to explain to an audience of completely uninterested Web3 developers how easy it is to tokenize in-game items and how many…
Crypto.com and Unstoppable Domains (UD) have partnered to offer users an opportunity to acquire premium Web3 domain names. The limited offer will see users gain access to 200 premium Web3 domains in a flash sale between July 10 and August 9, 2024. Prices for the domains will range from as low as $20 to as high as $10,000, Unstoppable Domains and Crypto.com said in a press release. Users can acquire the domains via Crypto.com to benefit from a secure permanent ownership of their Web3 identity, the companies added. Strengthening blockchain ecosystem Sandy Carter, COO of Unstoppable Domains, commented on the…