Author: NBTC
On Oct. 21, 2024, bitcoin is trading at $68,322, supported by a market cap of $1.35 trillion. The cryptocurrency saw a 24-hour trading range between $68,145 and $69,431, with a trading volume reaching $28.79 billion. Technical indicators from multiple time frames present a mixed picture, highlighting crucial entry and exit points for traders. Bitcoin In the 1-hour chart, bitcoin recently peaked at $69,487 before encountering a downward correction marked by several red candles. While high volumes preceding the peak signaled strong buying interest, the subsequent correction phase witnessed lower volumes, suggesting that selling pressure remains moderate. A potential short-term reversal…
Non-fungible tokens (NFTs) are evolving to create more “value and utility” for their creators and users, according to a recent panel discussion on “Navigating the Evolving NFT Landscape” at the TEN by RARI x Refraction event in Bangkok. While the creator economy is the “flagship use case” of NFTs for consumers and retail, “There’s going to be a lot of other applications of NFTs which are just in the backend,” Jana Bertram, Head of Strategy at RARI Foundation, told Rug Radio creator Pukerainbow. DevCon was optimal for catching up and hearing from the community and industry leaders on crypto, NFTs…
Ethereum price started a fresh increase above the $3,400 zone. ETH is consolidating and might aim for a move above the $3,500 resistance. Ethereum started a fresh increase above the $3,320 and $3,400 levels. The price is trading above $3,400 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,400 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $3,485 resistance zone. Ethereum Price Holds Gains Above Support Ethereum price remained supported above $3,220 and started a fresh increase while Bitcoin…
Solayer Labs has launched sUSD, the first yield-bearing stablecoin on Solana backed by US Treasury Bills. sUSD enables users to earn approximately 4% in interest, paid directly in USDC, without staking or manual processes. Using a decentralized protocol, sUSD functions as a marketplace engine, connecting USDC quotes with approved tokenizers.This fully automated protocol manages minting, redemption, and matching procedures ensuring efficient, decentralized operations for users. Through Solayer’s system, users deposit USDC, which is routed to purchase Treasury Bills, and receive sUSD in return. This setup maintains a 1:1 peg, leveraging the stability of Treasury Bills as secure short-term government debt.…
Wall Street Bitcoin miners’ operations face significant disruptions as federal authorities halt imports of the newest Bitmain mining equipment at ports across the country. As Bitcoin’s price approached $100,000, companies rushed to invest in new mining equipment to boost their production capacity. However, orders may have been delayed at ports. The U.S. Customs and Border Protection (CBP) has detained shipments of Bitmain’s latest Antminer S21 and T21 series at multiple entry points, including major ports in San Francisco and Detroit, Blockspace has learned. The action comes at the apparent request of the Federal Communications Commission (FCC), according to mining industry…
Michael Saylor, founder of MicroStrategy, shared a link to his fresh interview. One curious statement he made about BTC owners who prefer to keep their private keys to themselves over lack of trust to the government drew the attention of the crypto community since in this statement Saylor was somewhat critical about them. Saylor’s Bitcoin interview In the tweet that accompanies the link to the interview, Saylor says that this conversation addresses “popular myths and risks that hinder Bitcoin adoption”. The host of the conversation was YouTuber Madison Reidy who interviews experts in the financial markets. This conversation addresses popular…
Ethereum bulls have propelled the price to a daily high of $3,545. The daily trading volume of ETH has soared by over 86.25%. The largest altcoin, Ethereum (ETH), has caught up with the crypto market rally. ETH has been in the consolidation phase for the past few weeks, facing mighty challenges in breaking through crucial resistance levels. Ethereum’s price has begun a fresh surge above $3.4K. Notably, ETH bulls have pushed the price to a daily high of the $3,545 mark, and the price corrected and moved below the $3.5K level. ETH currently trades at $3,426, after briefly gaining 1.16%…
Decentralized identity service SelfKey initiates a community vote to determine its proposed merger with SingularityDAO (SDAO) and Cogito Finance. Three entities might be transformed into Singularity Finance, a layer 2 for tokenizing AI assets. KEY holders to vote on crucial referendum: Details SelfKey, a platform for decentralized identity use cases, shared the details of its upcoming community referendum designed to decide the agenda of the merger between SingularityDAO (SDAO) and Cogito Finance. The SelfKey vote will open on Nov. 1, 2024, giving its community an opportunity to have their say in the merger that has already been tabled. Building Trust…
Former top FTX executive Gary Wang was sentenced to time served with three years of supervised release Wednesday for his role in the $8 billion fraud that preceded the exchange’s collapse. Wang is the final cooperating member of FTX founder Sam Bankman-Fried’s inner circle to be sentenced. Wang, co-founder and former chief technology officer of FTX, served as a government witness in Bankman-Fried’s criminal trial last fall. He was the first co-conspirator to work with prosecutors and pleaded guilty to four counts of fraud and conspiracy in December 2022. Prosecutors and Wang’s team asked the judge to sentence Wang to…
Wall Street’s demand for Bitcoin products surged last week, with $1.1 billion in new cash captured by BlackRock’s spot Bitcoin exchange-traded fund. Bitcoin (BTC) has become a major focus for U.S. wealth management heavyweight BlackRock as its spot Bitcoin ETF outpaced several traditional finance offerings. Investors have injected $26 billion into BlackRock’s IBIT, 10 months after spot Bitcoin ETFs debuted in mid-January. The fund has broken into the top 2% of all ETFs in the U.S., and last week’s inflows marked another milestone for BlackRock’s Bitcoin ETF. BlackRock’s IBIT accounted for half of the $2.2 billion in inflows recorded by…