Author: NBTC
Cryptocurrency analyst who goes by @AxelAdlerJr on X (formerly Twitter) noticed that Bitcoin’s (BTC) drop below $46,400 will send the largest cryptocurrency below its average buy level for the last 12 months. As such, holding BTC becomes unprofitable for the new cohort of purchasers. 2023-2024 Bitcoin (BTC) buyers in danger below this price level The Bitcoin (BTC) community should be watching closely the level of $46,400 per coin. This milestone is the average price the orange coin was purchased at last year. Such estimations were shared by CryptoQuant’s community analyst @AxelAdlerJr with his X followers. Right now, it’s worth paying…
Mind Network has announced the successful launch of the first Fully Homomorphic Encryption (FHE) interface built on Chainlink’s CCIP. So far, the Mind Network’s FHE interface has recorded 650k active users and 3.2M processed transactions. The first Fully Homomorphic Encryption (FHE) interface built on Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has been successfully launched by the Binance Labs-backed Mind Network. According to the report, the decision hinges on the plan to demonstrate its privacy technology to financial institutions and regulated intermediaries in the financial market. For now, the testnet launch has been executed across Ethereum Sepolia, Arbitrum Sepolia, and Polygon Amoy.…
GOP presidential candidate Donald Trump declares he would keep Senator Warren and her “goons” away from the crypto sector and the holdings of American investors. In the past few months, Trump has commented on cryptocurrencies and Bitcoin during various campaign speeches, aiming to garner the votes of the 50 million crypto holders in the United States. During a recent campaign speech, Trump stated that he would ensure that the “future of crypto and the future of Bitcoin will be made in the USA and not driven overseas.” As per a 2023 report from The New York Times, multiple crypto companies…
Partnership aims to increase cryptocurrency adoption in Mexico, where fewer than 100 businesses currently accept digital payments. Post-pilot, expansion plans include bringing ckBTC and digital financial tools to more universities across Mexico. Ditobanx, a digital financial services platform, has partnered with ICP Hub Mexico, a leader in blockchain innovation, to introduce a new payment solution using ckBTC that processes transactions in just one minute. This initiative, set to launch on university campuses in Aguascalientes, aims to provide students with an accessible financial alternative that bypasses traditional banking systems. The partnership is noteworthy as currently, fewer than 100 businesses in Mexico…
Recent advancements in smart contract technology include enhanced automation and expanded use cases. Experts highlight their potential while cautioning about cybersecurity and regulatory challenges. Smart contracts, the self-executing agreements with the terms of the contract directly written into code, are revolutionising various industries by automating processes and reducing the need for intermediaries. These digital contracts, primarily built on the Ethereum blockchain, offer the promise of increased efficiency and transparency. Latest Advancements and Use Cases The integration of advanced automation tools into smart contracts is one of the most significant recent advancements. The Ava Protocol’s mainnet launch on Ethereum exemplifies this…
Financial commentator and Bitcoin critic Peter Schiff in a recent post on X provided insight into the world’s leading digital asset. As per his take, the plunge in Bitcoin price will not crash below the current level as Bitcoin ETF buyers are yet to panic. Schiff: Resilient Bitcoin ETF whales will determine price Notably, Schiff assessed the trading activity of Bitcoin ETF whales. Available metrics show these large holders are unfazed by the recent drop in Bitcoin price below the $60,000 level in the last few days. Based on trading activity it looks like #BitcoinETF buyers are still HODLing. So…
SEILOR’s price soared by 25.6%, hitting $0.03795, with a trading volume increase of 96.21%. INSP’s value surged 22.1% to $0.09832, driven by a trading volume spike of 146.11%. ENS rose 8.9% to $25.87, with its trade volume skyrocketing by 199.49% in the last 24 hours. On May 27, the endless assets of the cryptocurrency market were up, with prices rising for practically all assets. In particular, Ethereum saw a 4.1% pick up within the previous day. The value of these five cryptocurrencies significantly surged despite unanticipated market changes. Kryptonite (SEILOR) The price of Kryptonite (SEILOR) recorded a jump of 25.6%…
Taiwan has rolled out the first draft of an AI bill to control artificial intelligence technology. The National Science and Technology Council (NSTC) made public the proposed bill to address the risks associated with rapidly growing AI technology and ensure data protection. The draft bill essentially aims to establish a comprehensive national framework for AI regulation that prioritizes safety, privacy of data and standards for AI applications. It also recognizes the need to safeguard workers who may be impacted by AI-driven automation. Taiwan sets the stage for AI regulation with the new framework The proposed bill presents quite a few…
Bitfinex, like Alameda Research, allegedly permitted special customers to trade with negative account balances, according to a second amended consolidated class action complaint in the Southern District of New York. However, before comparing the negative balance override features of Bitfinex and Alameda, it’s important to contextualize this allegation. Details about Bitfinex’s negative balance override comes from a lawsuit alleging a scheme involving the use of tether (USDT) to persist a price premium of bitcoin (BTC) on Bitfinex. Specifically, a class of harmed investors residing in the US claim that Bitfinex and Tether executives fraudulently inflated the price of bitcoin and…
Stablecoin issuer Tether CEO Paolo Ardoino has urged increased investment in decentralized peer-to-peer technologies after a global IT outage today, July 19. CryptoSlate reported that a significant technical issue with CrowdStrike’s centralized software led to a global outage affecting many sectors. This issue caused Windows computers to display the Blue Screen of Death (BSOD), disrupting services and businesses worldwide. CrowdStrike’s CEO, George Kurtz, acknowledged the impact of this incident and explained that the problem “has been identified, isolated, and a fix has been deployed.” He added: “This is not a security incident or cyberattack. The issue has been identified, isolated…