Author: NBTC
After briefly plunging below $60,000, Bitcoin (BTC) has rebounded, aiming to sustain its gains above the $65,000 mark. Notably, the cryptocurrency has exhibited heightened volatility leading up to the halving event, yet uncertainty looms regarding its future trajectory. In this regard, in a TradingView post on April 19, crypto trading expert Alan Santana forecasted a grim outlook for Bitcoin, hinting at the possibility of ‘the mother of all crashes’. This projection is rooted in Bitcoin’s current support levels. Santana highlighted Bitcoin’s struggle with a critical support range between $59,000 and $63,000, emphasizing that it has faced over five challenges recently,…
In a major development for Bitcoin-native DeFi, pSTAKE Finance recently unveiled liquid staking for Bitcoin. Based on Babylon’s Bitcoin staking protocol, this solution aims to simplify Bitcoin staking and provide new yield generation opportunities. Breaking: pSTAKE Finance is launching a premier liquid staking solution for Bitcoin, built atop @babylon_chain. pSTAKE aims to become a catalyst for BTCfi growth by creating a direct pathway to generate #BTC staking yield. Learn more 👉🏼 https://t.co/XV6KE07ciL pic.twitter.com/6R7hVODcor — pSTAKE Finance (@pStakeFinance) May 15, 2024 What is pStake? Let’s find out… What is pStake? pSTAKE Finance, backed by Binance Labs, is a multi-chain liquid staking…
Iconic nonfungible token collections recorded huge percentage losses in the previous week since BLUR users unloaded inventory. Blur Season 3 will end in the upcoming weeks, and Ethereum-based nfts are sold out on a very large scale. Blur’s airdrop farming program is termed Season 3, where the user community will get profitable rewards with [REDACTED]. The rewards in the Blur airdrop farming campaign are empowered by Blast, an Ethereum rollup. Rewards will be distributed in the form of Blast Layer 2 network’s token of the future. Blur users can get points by bidding on NFTs and offering loan liquidity via…
The AIOZ Network’s token has seen a significant surge in market value, climbing over 17% in the last 24 hours to trade at approximately $0.85. Earlier today, the token briefly surpassed the $0.90 mark, and market capitalization crossed the $925 million threshold, per CoinMarketCap. 24-hour chart of AIOZ from CoinMarketCap The uptick in AIOZ’s market activity is linked to a recent announcement by Korea’s leading exchange, Bithumb, which has added AIOZ to its listing. Starting today, Bithumb will allow deposits for AIOZ starting at 2:00 a.m. EDT and enable transactions and withdrawals from 6:00 a.m. EDT. You might also like:…
Peaq, a layer 1 blockchain, has become a participant in the Mastercard Start Path program. Representatives of peaq, a layer 1 blockchain for decentralized physical infrastructure networks (DePIN) and machine real-world-assets (RWAs), told crypto.news that the payment giant’s program is designed to support promising advanced-stage projects in various fintech and web3 verticals. With the help of Mastercard, peaq will explore many promising implementations linking the DePIN sector and the world of traditional finance (tradfi) and fintech. The program also helps projects expand their ecosystem with new opportunities to secure strategic partnerships, build communities, raise funds, and more. Sabrina Tharani, SVP…
Google searches for the term “Bitcoin halving” have hit an all-time high, surpassing the previous record set during the last halving in May 2020. According to Google Trends data, which uses a 100 point scale to determine the relative popularity of keyphrases, there is more interest than ever in the Bitcoin network halving. This op-ed is part of CoinDesk’s “Future of Bitcoin” package. Interest in the term has steadily ramped up since the start of 2024, alongside search interest in the phrase “Bitcoin” (which is still below its 2017 peak in terms of search interest). The surge in interest this…
Decentralized finance-focused wallet firm Fordefi has snagged crime and cyber threat insurance cover from German carrier Munich Re. The undisclosed dollar amount policy was facilitated by blockchain experts from insurance broker Lockton’s Emerging Asset Protection team. Fordefi, a cryptocurrency wallet built for decentralized finance (DeFi), is working with German insurance giant Munich Re, the companies said in a blog post on Thursday. Facilitated by Kansas City-headquartered insurance broker Lockton, Fordefi’s wallet policy covers cyberattacks and things like internal fraud or collusion, as opposed to protection at the smart contract level. The dollar amount of the coverage was not disclosed, but…
WadzPay’s move into the stablecoin market reflects a strategic shift towards becoming a global blockchain financial services provider. WadzPay’s entry into the stablecoin market prompts a 15% token surge post-announcement, reflecting investor confidence. With the stablecoin market expected to grow rapidly, WadzPay’s product innovations position it well for diverse financial applications. WadzPay, a fintech leader offering blockchain-driven digital asset payment solutions, has revealed its intentions to enter the stablecoin market. This development is expected to expand the company’s scope from its current concentration, transforming it from a payment-centred to a global blockchain financial services provider. WadzPay’s in-house token registered a…
El Salvador took a decisive step into tokenization on Tuesday, unveiling national investment opportunities based on Bitcoin infrastructure. El Salvador Bitcoin: Investing in Development The nation’s National Bitcoin Office launched its blockchain-based capital raise on the Liquid network. Bitcoin-based capital markets have officially launched in El Salvador, the first country to adopt Bitcoin. Well done to the ONBTC and @BFXSecurities on this historic milestone! https://t.co/6SCPvjiunx — Liquid Network 🌊 (@Liquid_BTC) May 15, 2024 Liquid is a Bitcoin sidechain managed by Blockstream and a federation of 65 Bitcoin-centric companies globally. Utilizing BTC as its native asset, the blockchain facilitates faster, cheaper,…
Over $290 million in crypto liquidations occurred in 24 hours as bitcoin rebounded 5% to near $65K ahead of its halving event. The post Crypto liquidations spike hours before Bitcoin halving appeared first on Crypto Briefing. Bitcoin’s price slightly rebounds after liquidations, hours before the halving. Chart displaying spikes in bitcoin liquidations and pricing volatility before 2024 halving event Liquidations in the wider cryptocurrency market have totaled over $290 million in the past 24 hours. Of that amount, around $154 million were long positions. Bitcoin (BTC) liquidations surged to over $108 million as the price dropped below $60,000 but then…