Author: NBTC
The cryptocurrency market is currently under selling pressure, with Bitcoin, the biggest digital currency, dropping below the $62,000 mark. This downturn has placed approximately 5.1 million Bitcoin addresses in a precarious position, potentially risking losses. According to IntoTheBlock data, 5.1 million Bitcoin addresses, roughly 10% of the total addresses, bought BTC above $62,000 and the ATH of $72,500. Bitcoin traded above $62,000, around $62,540, at the time of IntoTheBlock’s post. 5.1 million Bitcoin addresses, roughly 10% of the total addresses, bought $BTC between the current price and the ATH of $72,500. pic.twitter.com/XNQUIT2iYJ — IntoTheBlock (@intotheblock) May 13, 2024 At the…
A closely followed crypto analyst is issuing a warning to investors saying that smart contract platform Ethereum (ETH) could plummet by up to 26%. Pseudonymous crypto strategist Credible Crypto tells his 402,300 followers on the social media platform X that the top altcoin has likely not yet found a market bottom. The analyst looks at ETH’s open interest (OI) – which tracks the total number of outstanding derivatives contracts for a given asset – and believes it remains overweight despite Thursday’s price collapse. “When we look at OI in coin terms (below) we can see that the big flush on…
Kavak, one of the largest Latam-based startups in the used car business, has issued tokenized debt to invest in the Brazilian car market. According to local sources, the company has already tokenized almost $1 million in commercial notes using Liqi, a tokenization platform, and aims to issue over $5 million. Kavak Bets on Tokenized Debt to Attract $5 Million in Capital Tokenized debt offerings are becoming a reality in Brazil. Kavak, a Mexico-based used car market-focused startup, has issued debt for almost $1 million using tokenized notes to obtain liquidity and working capital in Brazil. The offering, which was intermediate…
General Updates Neo announced ZNS Connect as the first naming service partner on the Neo X sidechain. The partnership is intended to enhance Neo X’s user-friendliness by bringing a reliable domain name service to the network. In addition to Neo X, the name service provider also supports BNB Chain, Polygon, and OKX L2. Neobox announced a partnership with Aura Commerce, a cross-chain gaming marketplace that allows users to find new games, simplifies payments, and offers developer tooling and SDKs. Through the partnership, the teams aim to host tournaments on the Neo blockchain. Additionally, Neobox integrated TestNet support for the Neo…
Cofounder of Gold Bullion International and 10T Holdings Dan Tapiero has taken to his official account on the X platform to share a bullish Bitcoin price prediction. He tweeted that the setup on the charts is beginning to look “scary bullish for Bitcoin.” “Scary bullish for Bitcoin” Sharing two Bitcoin charts in his tweet, Tapiero stated that these are “starting to look scary bullish for Bitcoin.” In the near future, the investor expects the world’s flagship cryptocurrency to break above the $65,000 level and then head on to $90,000, and then even higher. Tapiero tweeted that the current sideways consolidation…
What’s happening? This past week Ethereum has witnessed a massive sell-off crisis, with the price dropping below $2,900. A recent report by CoinShares highlights that Ethereum has experienced a massive capital outflow, the largest since August 2022, with total losses amounting to $119 million over the last couple of weeks. This cointinues a trend from a week ago, when Ethereum’s price dropped from a high of $3887 to a low of $3232, marking a 16.9% loss. Even though ETH’s price may be stagnating at the moment, a surge in staking indicates that existing users believe in the long-term potential of…
Venture capital investments in crypto continued to rebound in the second quarter, with a total $3.2 billion invested during the period — up 28% compared to $2.5 billion in the previous quarter, according to Galaxy Digital latest research report. The report also identified a 94% quarterly surge in median pre-money valuation, which rose to $37 million from $19 million in the first quarter. Galaxy noted the second quarter’s median pre-money valuation is the highest since the fourth quarter of 2021 and represents an almost all-time high. It attributed the surge to a more competitive market, giving companies greater negotiation leverage…
In a significant stride forward for blockchain education and gaming, Ronin and Coinbase have announced the launch of the Ronin quests and quizzes on Coinbase’s Learn & Earn platform. This new campaign allows Coinbase users to earn RON rewards by engaging with Ronin’s educational content through the Coinbase app. Today, our alliance with @coinbase reached new heights.Ronin is now LIVE on Coinbase Learn & Earn!Complete Ronin quests and quizzes to earn RON rewards through the Coinbase App ⚔️Over the past few months, we’ve built portals between our collective movements:Coinbase’s RON… pic.twitter.com/BdvnIQqENc — Ronin (@Ronin_Network) June 3, 2024 Ronin and Coinbase…
Amid a drop in the cryptocurrency market, Michael Saylor, MicroStrategy’s chairman, has issued a rallying call to crypto holders. “Teleport your money to safety,” Saylor wrote in a tweet while tagging Bitcoin. This metaphorical advice comes at a critical time when the market is experiencing significant volatility, and investors are seeking a haven for their digital assets. Teleport your money to safety. #Bitcoin pic.twitter.com/nqYrLWB64C — Michael Saylor⚡️ (@saylor) May 14, 2024 Michael Saylor’s statement might not be about literal teleportation but rather a strategic move to safeguard investments. By using the term “teleport,” Saylor emphasizes the speed and decisiveness required…
The Ethereum price has experienced significant volatility recently, rebounding from a low of $2,800 to the current critical level of $3,000. This recovery, marked by a +3% increase in the past 24 hours, comes amid broader market fluctuations and an 11% decline over the past week. With the crypto community closely monitoring the market, the key question is: What lies ahead for Ethereum? In this article, we will delve into the latest trends, provide an Ethereum price prediction, and discuss the implications of potential further declines or recoveries. Ethereum Price Prediction: Current Status and Future Outlook Ethereum Price Today: Overview…