Author: NBTC
The top cryptocurrency Bitcoin has been showing a gradual downtrend in recent days. This scenario has paved the way for both types of speculations, with analysts explaining the possible outcomes in the positive and negative price performance. Recently, a popular analyst “Ali” revealed this situation in a recent post on the social media platform X. If #Bitcoin can reclaim $64,290 as support, it is likely to rise towards $76,610. However, if it fails to surpass $64,290, $BTC might retest support at $51,970. pic.twitter.com/s4D1fTEU7k — Ali (@ali_charts) May 12, 2024 Crypto Analyst Offers a Couple of Potential Scenarios about Bitcoin The…
Elwood Technologies, a worldwide fintech platform that develops infrastructure for digital assets, has recently made an ETH deposit. As per Lookonchain, the famous on-chain analytics providing firm, the platform has deposited a huge amount of nearly 17,900 ETH coins to the prominent crypto exchange Binance. This figure reportedly equals $54.9 million. The on-chain analytics company took to its official account on X to discuss this event. Elwood(@elwood_io) deposited 17,900 $ETH($54.9M) into #Binance in the last 28 hours.https://t.co/Y38nXm3wUu pic.twitter.com/97mNQXuu7u — Lookonchain (@lookonchain) July 9, 2024 Elwood Sends 17,900 ETH Coins to Binance Lookonchain pointed out in its recent tweet that the…
Rome Protocol has secured $9 million in a funding round to integrate modular services from the Solana network into Ethereum’s ecosystem. The protocol stated that its funding round included several notable investors like Hack VC, Polygon Ventures, HashKey, Portal Ventures, Bankless Ventures, Robot VC, LBank, Anagram, TRGC and Perridon Ventures. The round also included notable angel investors, such as Solana’s Anatoly Yakovenko and Austin Federa. Other investors included Nick White, Santiago Santos, Comfy Capital, and Jason Yanowitz. Rome protocol According to the protocol, the platform would be designed to integrate Solana’s capabilities into services on Ethereum. This approach will allow…
Solana co-founder Raj Gokal told Consensus attendees that user demand drives memecoins’ popularity, offering a fun way to attract new participants. Solana (SOL) has become the go-to blockchain for memecoins speculation. While the increased on-chain activity has been a boon to SOL prices, it has also generated debates about the chain’s position in the blockchain ecosystem. What else could memecoins be?https://t.co/8ZVhwkVwLy — vitalik.eth (@VitalikButerin) March 29, 2024 CoinGecko reported Solana is the fastest-chain of the lot, processing thousands to millions of memecoin transactions. On the other hand, developers have rugged several users through SOL memecoins, and celebrities are now backing…
OKX revealed its launchpad for Web3 games called OKX GameSphere. Launchpads are important as they lower the entry requirements for game developers to navigate and integrate Web3 into their games, shared Jason Lau, OKX’s Chief Innovation Officer, with Crypto Briefing. GameSphere offers a unified launchpad with Wallet as a Service (WaaS) and game promotion solutions. Notably, key features mentioned in the announcement include tools for developers to realize their ideas, simplified development and deployment processes, and APIs for in-game markets facilitating token swapping and NFT trading. Moreover, the OKX GameSphere should be seen as a consolidation of efforts to support…
New York, NY — JOGOJOGO, a prediction market game powered by Solana, has announced the launch of the first Blink implementation on Atomic SVM via Sonic. This innovative feature coincides with the UEFA Euro 2024 tournament, offering a $10,000 prize pool for winning participants.—JOGOJOGO is a dynamic platform where users are rewarded for their predictions, enhanced by social elements that enrich the player experience. Players can forecast outcomes and earn rewards by competing with friends and other users. Leveraging Solana’s latest “Blink” feature, short for “blockchain link,” JOGOJOGO allows seamless blockchain transactions directly from within familiar websites and social platforms.…
Bitcoin price started a fresh decline from the $62,000 resistance zone. BTC is declining and remains at a risk of more losses below the $60,000 level. Bitcoin started a fresh decline after it failed near $62,000. The price is trading below $61,000 and the 100 hourly Simple moving average. There was a break below a bearish flag pattern with support near $60,950 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bearish momentum if there is a close below the $60,000 level. Bitcoin Price Signals Breakdown Bitcoin price found support near the $60,250…
Key Points: Ethereum futures long positions grew from 2.7M to 3.1M ETH since May 20. Traders anticipate Ethereum ETF approval, which is reflected in the surge of future positions and signal confidence in regulatory developments. Matrixport published an earlier today highlighting an unprecedented bull trend in ETH futures positions. ETH Futures Skyrocket to 3.1M, Hinting at Ethereum ETF Approval! 3 Despite the recent price correction, ETH futures long positioning surged from 2.7 million ETH to 3.1 million ETH after the market recovered since May 20. This means that futures traders have become very optimistic about a potential Ethereum ETF approval…
Crypto venture capital giant Polychain has accused Niraj Pant, a former employee, of making a backroom deal with portfolio company Eclipse Labs that broke the fund’s policies. According to three sources close to the situation and internal Eclipse documents reviewed by CoinDesk, Neel Somani, the former CEO of Eclipse Labs, quietly allocated Pant 5% of a forthcoming Eclipse crypto token in September 2022 – just days after Pant directed Polychain to lead the company’s $6 million pre-seed funding round. The allocation was eventually reduced to 1.33%, worth $13.3 million at the token’s most recent fully diluted valuation in a private…
Popular play-to-earn token Notcoin (NOT) continues to attract investors with its impressive price performance. With the overall crypto market staying steady, NOT’s massive surge has caught the eye of traders, showing strong buying interest. Notcoin Surpasses $2 Billion Market Cap The NOT token officially launched on May 16. After the release, it dropped by over 60%, falling from $0.012 to as low as $0.0050. However, in the last week, the token has made a stunning recovery, rising by over 335% to reach an all-time high of $0.028. NOT’s market cap has grown to about $2.3 billion, pushing it close to…