Author: NBTC

Bitcoin was once trailing below the $25 mark. The token has now surged to over $29k. It was last seen trading around $29,450.28 while drafting this post. This is an increase of 3.86% in the last 24 hours, and we hope that it will bounce back to the all-time high mark after the halving process. BTC has a lot to do with the bullish sentiment and speculation that ETF approval is on the table for finalization by January 2024. Recent Surge in Bitcoin Sparks Optimism The most recent performance of BTC dates back to merely 24 hours. That duration has…

MultiversX has teased its upcoming product, xAI, to the community, highlighting that it will tentatively be rolled out in the next month. What xAI does is pretty amazing, bringing a blend of artificial intelligence and blockchain technology. It has been designed to assist users in the world of Web3. Per MultiversX, the product will enable developers to make a transition from Web2 to Web3. It leverages the potential of blockchain technology, wherein it displays the ability to learn at every stage. This includes learning new terms, concepts, and tech slang, among others. Artificial intelligence aims to eliminate the barrier of…

Bitcoin is above $30k at the time of articulating this piece. The community is in joy for obvious reasons. However, experts are busy decoding the mechanism that has backed this rise. One of the key elements to have come up is Fund Market Premium. The concept in itself is directly correlated to how BTC behaves. For instance, a positive premium signals that the price will rise because the sentiment among holders is optimistic. Simply put, Fund Market Premium is the difference between the market price of the financial asset and its Net Asset Value. A negative premium signals that the…

Shiba Inu recently announced a new addition to Shibdentity, Shib Name Service. The service is a major step toward developing Shiba Inu’s decentralized identity platform, Shibdentity. The platform will empower users to control and own their digital identities. Shib Name Service (SNS) is bringing human-readable addresses to the ecosystem. Currently, users own wallet addresses filled with random numbers and alphabets. However, with SNS, users can get customized addresses to send and receive tokens. For instance, a perplexing address such as “0xc0c9ccg5f5411d2bbma4” can be transformed into Raymond.shib. This is not the only advantage that SNS provides, as it also facilitates: Decentralization:…

Bitcoin’s current standing in the cryptocurrency world is undeniably noteworthy. Having surged past the challenging $32K resistance, it is on a trajectory towards its all-time high. Bitcoin serves as the flagship digital currency, setting trends and benchmarks for the entire crypto landscape. Its continued ascent underscores its role as a store of value and investment asset.  The crypto community closely monitors Bitcoin’s moves, and its performance is often seen as a parameter of a broader digital asset market. With this steady climb, Bitcoin remains a central player shaping the future of cryptocurrencies. Bitcoin’s Ongoing Battle with Final Resistance After crossing…

Kadena has announced its partnership with Ideasoft. The objective is to introduce EVM interoperability through Hyperlane. It has been described as simply bringing the next-generation bridge to the ecosystem. Some of the key components that go live under this association are: DeFi financial instruments are gaining recognition and higher usage Staking opportunities that have eluded the ecosystem till now Higher interaction with dApps, allowing a larger user base to access facilities supported by an intuitive user interface Increased liquidity and better potential for stablecoin EVM-compatibility, which is the core of Kadena joining hands with Ideasoft Kadena chose Hyperlane over all…

Those burned by the last big Bitcoin bull run are rightfully skeptical that another one is here so soon. However, a trend strength indicator is now confirming the existence of a new bullish trend emerging. Are bulls finally back in control over crypto? Sidelined investors and traders will want to pay attention. How Technicals Could Confirm A New Bullish Trend In Bitcoin Bitcoin price is pulling back after a few failed attempts to make it though $38,000 resistance. This sudden weakness after a major breakout is both reassuring for bears and confusing for bulls. Those on the sidelines still aren’t…

BlackRock’s iShares Bitcoin Trust ETF is now added to the DTCC’s eligibility file. A DTCC spokesperson recently confirmed the news with an official statement. The statement read that it is routine practice for the DTCC to add securities to its NSCC security eligibility file. This is done before the release of every new ETF to the market. Inclusion on the list does not guarantee approval or regulation of the ETF. Listing the ETF in advance of its release is standard practice. BlackRock has been in the headlines for a few days now. It started with the company gaining traction after…

Vitalik has shared his opinion on the types of L2s that one can read through for a better understanding of their operation. Plus, it helps to categorize projects while potentially laying down the roadmap for Bitcoin, a network whose token is way above $30k, as the article is being drafted. Analysis of the blog post published by Vitalik on L2s broadly claims heterogeneity in the segment. Meaning there is a scope for a broader spectrum of L2s, especially when it comes to trade-offs. In other words, L2s can be distinguished simply based on their basic characteristics. Elements involved in categorizing…

In the world of cryptocurrency, Bitcoin exchange-traded funds (ETFs) may offer institutional investors a key to the crypto kingdom. Bitcoin enthusiasts are waiting for a “spot” ETF, which would open the door for big financial players to invest in Bitcoin, marking mainstream acceptance and a potential influx of capital. Understanding Bitcoin ETFs and the Impact of Institutional Investment First, let’s talk about Bitcoin exchange-traded funds (ETFs) and why they matter to the crypto world. These ETFs allow big financial players or institutional investors to enter the cryptocurrency market. There are some Bitcoin ETFs in the U.S., but they are not…