Author: NBTC
Bitcoin has started a fresh decline, approaching the crucial $93,257 support level that has proven to be a battleground for bulls lately. Thus, the question remains whether buyers can regain control and defend this level once more. As uncertainty looms, all eyes are on this critical zone, which could determine whether Bitcoin bounces back or faces a deeper downward trajectory. With market volatility increasing, this article aims to delve into BTC’s renewed drop toward the $93,257 support level, assessing the likelihood of a bullish defense at this critical point. It examines technical patterns, market sentiment, and key levels to better…
Circle, a peer-to-peer payments technology firm and issuer of the USDC crypto stablecoin, has unveiled its upgraded Coss-Chain Transfer Protocol, CCTP V2. With the new improvement, Circle addresses the issues of liquidity fragmentation and poor user experiences limiting USDC transfers. Chainlink CCTP V2 Upgrade, Key Features to Watch In an X post, Circle highlighted that introducing CCTP V2 will revolutionize the future of cross-chain transactions. According to the announcement, Circle plans to launch CCTP V2 on the Ethereum mainnet, Base, and Avalanche in early 2025. The new version will allow for faster-than-finality cross-chain USDC transfers across different blockchains. https://twitter.com/circle/status/1866121331239969152 With…
In a very genial nod to Bitcoin, Cramer asked about the new administration’s plans for crypto and, in his question, drew a comparison to the U.S. strategic petroleum reserve. Will the White House push for something like that? “Yeah, I think so,” Trump answered. But the rest of his answer really showed an understanding of the cryptocurrency sector’s importance to the global economy in terms of first principles. That may be the influence of tech engineer and government efficiency advisor Elon Musk, who is famous for saying, “I think it’s important to reason from first principles rather than by analogy.”…
According to on-chain data, BlackRock’s iShares Bitcoin Trust (IBIT) now holds over 500,000 BTC. This positions BlackRock as the third-largest Bitcoin holder globally, trailing only Bitcoin’s pseudonymous creator, Satoshi Nakamoto, and crypto exchange giant Binance. With holdings worth approximately $48 billion, BlackRock’s influence in the crypto market is expanding fast. BlackRock’s Aggressive Bitcoin Accumulation In just 233 trading days since the launch of IBIT, BlackRock has acquired 2.38% of all Bitcoin that will ever exist. This traction reflects its confidence in Bitcoin as a financial asset. Its series of purchases reflects this momentum, with total BlackRock Bitcoin holdings reaching 500,380…
The latest weekly report from Xinmin highlights the collaboration established in 2021 between Renji Hospital and VeChain to develop the “MyBaby” smart care medical project. Renji Hospital is recognized as a leader in the medical blockchain sector and joined the Digital Carbon Ecosystem initiated by DNV and VeChain in 2019. Xinmin Weekly, a magazine published in Shanghai China, has just featured VeChain’s ‘MyBaby’ IVF application as part of its “smart Hospital’ use cases in China. The Mybaby Project was launched back in 2021, when Vechain, the smart contract blockchain offering software solutions for businesses collaborated with Renji Hospital an affiliate…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. As we approach what will undoubtedly be a new era for federal crypto regulation, this state watchdog head has some advice for companies: Start engaging now. “Never surprise your regulator,” New York Department of Financial Services Superintendent Adrienne Harris said at the Blockchain Association Policy Summit earlier this month. “We are by nature risk-adverse people,” she added. “We don’t like to be surprised, so come in and talk to us proactively.” Waiting until there is already an enforcement action underway to meet with regulators is a…
Analog has officially announced the launch of its mainnet, marking a significant milestone for its interoperability platform. The Analog mainnet will be live with block production from December 23, 2024. In addition, this will serve as the basis for developers to build powerful multi-chain applications. This announcement was made through official X account of Analog. https://t.co/7DqP0pyNPK — Analog (@OneAnalog) December 24, 2024 Analog Mainnet Provides Multi-Chain Smart Contracts for Developers For the start, the mainnet will run as a Proof of Authority (PoA) network. This is only the beginning and the system will continue to develop and add more and…
Canadian Bitcoin developer Peter Todd, who was identified as the likeliest Satoshi Nakamoto candidate in a recent HBO documentary, recently weighed in on the feasibility of Bitcoin space mining, arguing that critics of such a futurist idea are wrong. According to Todd, there are some misconceptions about such an idea, with some people arguing that it would be impossible due to the inability to keep things cool in space and very high latency. However, Todd argues that these critics have read too much over-simplified “pop science” without doing the physics themselves. The 39-year-old cryptographer argues that “nothing” fundamentally stops space…
While the leading cryptocurrency Bitcoin (BTC) closed the week with its first loss since Donald Trump’s victory, CoinShares published its weekly cryptocurrency report and said that there was an inflow of $ 308 million last week. “Inflows into cryptocurrency investment products continued last week, totaling $308 million.” Inflows Continued in Bitcoin and Some Altcoins! When looking at crypto funds individually, it was seen that the fund inflows were in Bitcoin. While BTC saw an inflow of $375 million, Ethereum (ETH) saw an inflow of $51.3 million. There was also an inflow of $0.4 million in the Bitcoin Short fund, which…
Tech billionaire, the founder and CEO of multiple innovative companies, Elon Musk has published a meme tweet, that triggered a wave of heated responses from the community of Pepe Coin (PEPE). The coin’s price reacted, displaying a significant growth. Musk’s X post also contains a reference to Ridley Scott’s Gladiator II movie which was released in movie theatres around the world in November. PEPE price reacts to Musk’s tweet, jumping 14% The tech successful tech entrepreneur and centibillionaire Musk retweeted a post from an X user @alx (with more than 875,000 followers on the X platform), which shows Pepe the…