Author: NBTC

Bitcoin price has tested $60,364 to $62,412 range, a crucial support zone, one too many times. FOMO and hype about BTC halving remains down amid enhanced market risk linked to geopolitical tensions. Bernstein report says ETF inflows will resume and Bitcoin bull market will continue after BTC halving. Bitcoin (BTC) price is dropping amid elevated risk levels in the market. It comes as traders count hours to the much-anticipated halving event. Amid the market lull, experts say we may not see a rally until after the halving. Daily digest market movers: Bernstein experts don’t expect Bitcoin rally until after halving…

While Bitcoin rose after the US data announced last week, the latest inflation data balanced the worsening situation. Following these economic data, two FED members spoke on the first day of the week. Making statements about the course of inflation and the FED’s monetary policy, Atlanta Fed President Raphael Bostic and Fed Vice President for Supervision Michael Barr evaluated the data. FED member Bostic spoke first and stated that inflation would eventually reach the 2% target and that it would take some time. Stating that the FED is not yet in a position to signal a return on interest rates,…

Bitcoin mining company BitFuFu has rolled out its financial report per Q1, showcasing a 150% increase in total revenue compared to Q1 2023. Bitmain-backed public cryptocurrency mining company BitFuFu’s total revenue in Q1 soared to $144.4 million, representing an increase of 149.0% from $58.0 million in the same period of 2023 driven by the surge of demand for cloud-mining solutions. In the Q1 earnings report, BitFuFu Leo Lu attributed the growth to the firm’s “asset-light strategy,” adding that the chosen approach “flexibly adjusts and optimizes mining equipment to maximize profitability.” “Our cloud-mining solutions allow us to reduce revenue volatility created…

Bitcoin price is still struggling below the $65,000 resistance zone. BTC must stay above the $60,000 support zone to avoid a major decline. Bitcoin is still struggling to gain pace for a move above the $65,000 resistance zone. The price is trading below $63,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $62,650 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $63,000 resistance zone. Bitcoin Price Remains At Risk Bitcoin price failed to clear the $64,500…

Justin Bons, the Founder of the crypto research platform Cyber Capital, criticized SUI’s centralized control, highlighting that almost 84% of the staked supply is under the control of its founders. Bons targeted SUI, asserting, “SUI has a great design, except for its token economics.” 1/16) SUI has a great design, except for its token economics:SUI claims to have a capped supply of 10B, with 52% being “unallocated” till 2030The problem is that over 8B SUI is being staked right now!Over 84% of the staked supply is held by founders! SUI is centralized: 🧵 — Justin Bons (@Justin_Bons) May 2, 2024…

In past lives, I have been a city planner, a crime boss and a CEO at a thriving crypto exchange. On Telegram, that is. Why I enjoy job cosplay is a question for my therapist. But it’s fascinating how many Web3 games explore these real-life roles. And it’s great the rewards are starting to be worth more bragging rights among your friends. I lost endless amounts of time building my Sims town in the early-2000s, where I grew a small village into a bustling metropolis on my underpowered Windows95 desktop. I had to think through power management and food supply…

Bitcoin (BTC) has experienced an approximately 19% drop since hitting its all-time high (ATH) on March 14, 2024. This condition raises concerns about the current bull market’s longevity. However, despite the recent correction, many analysts believe this represents a healthy consolidation within the ongoing bull market, not its end. Bitcoin Correction Signals Market Health, Not End of Bull Run On-chain data platform Santiment reports a shift in market sentiment. According to Santiment data, the “bull market/cycle” mentions have risen since late March. Moreover, Santiment observes a decline in FOMO (fear of missing out) sentiment and a rise in FUD (fear,…

Web3 entertainment firm Imaginary Ones, in collaboration with fashion brand HUGO, has unveiled a new customizable denim jacket integrated with web3 features. Per a press release shared with crypto.news, the special-edition item, part of HUGO’s denim-focused new line, HUGO BLUE, aligns with the brand’s strategy to engage with Gen-Z audiences through gaming and Metaverse platforms. Details of the jacket were initially shared with the Imaginary Ones community on Discord and X on March 12. From March 14, community members were able to book the physical jacket using Tether’s USDT. All the jackets were reserved within an hour of launch. The…

A recently surfaced sheet projects an XRP price increase to an audacious $1,000 value, factoring in a daily cross-border payment volume of $1 trillion. XRP’s utility in cross-border payments, especially as utilized in Ripple’s On-Demand Liquidity product (now Ripple Payments), has contributed to the bullish sentiments surrounding the cryptocurrency among market participants. XRP’s Utility in Cross-Border Payments This utility has caught the attention of multiple payment entities over the years. Last December, a JPMorgan report mentioned Ripple and XRP as entities that could help unlock the $120 billion trapped in cross-border payments. The Crypto Basic also revealed in November 2023…

Astar Network is a multi-chain smart contract platform that supports multiple blockchains and virtual machines (VMs). It has partnered with Sequence, a prominent development platform for web3 integration into games, to launch Astar Studio. This new developer platform is built on the advanced Astar zkEVM and is powered by Sequence technology. Astar Studios is designed to revolutionize web3 project development by providing user-friendly tools. It offers developers control and innovative tools for the creation and management of web3 applications built on robust capabilities of Astar zkEVM, a next-generation zero-knowledge Layer 2 scaling solution. Supercharing web3 gaming and developer growth Astar…