Author: NBTC
Ethereum shows potential for a bullish trend if it stays above key support levels at $3,400 and $3,352. ETH tested the $3,600 threshold, which could set the stage for a bullish reversal. Technical predictions indicate Ethereum’s price may rise by 2.55% to approximately $3,617.93 by July 20, 2024. Ethereum (ETH) is currently exhibiting signs of strength, with the potential for upward momentum if it can maintain its position above key support levels at $3,400 and $3,352. These thresholds are crucial for Ethereum’s stability and could signal a bullish trend if the cryptocurrency remains above them. Traders are closely monitoring these…
Despite all the criticism and scepticism, cryptocurrency has emerged as one of the most solid investment vehicles on the planet. Bitcoin, for example, was a top-performing asset of the 2010s and with new wins like the spot ETF, it is even more attractive than ever before. Now, Coinbase is looking to offer more crypto options to Australians according to new reports. In an interview with Bloomberg, Asia-Pacific Managing Director John O’Loghlen stated that Coinbase is developing a new service that targets self-managed pensions in Australia. With this new service, those who manage these pensions can add crypto to their portfolios.…
In a significant development, FLOKI has launched its Name Service on the BNB Chain mainnet. This new feature lets users create decentralized .floki domain names, enhancing the token’s utility. The name service is not only designed to identify transactions, but can also be used to create decentralized websites, blogs, or even resumes. When the decentralized website service goes live, the .floki domains will find broader applications, further integrating users into the blockchain ecosystem. Built in collaboration with SPACE ID, the FLOKI name service seamlessly integrates with popular decentralized applications (DApps) such as Trust Wallet, SafePal, and PancakeSwap. Payments for domain…
Key Points: Singapore’s 126-page report identifies significant money laundering risks despite its efforts to attract global wealth and establish itself as a financial hub. The report details sophisticated methods, such as bank accounts, shell companies, and complex structures, for transferring and concealing illicit funds. Authorities seized over 1.5 billion SGD in a recent money laundering scandal involving Chinese nationals and fugitive suspects, revealing diverse assets seized, including cash, cryptocurrencies, and luxury items. Singapore’s government published a 126-page report detailing its vulnerability to money laundering in its goal to be a global wealth management centre and international financial hub. It pointed…
The team at Tuum Technologies has announced the release of an updated version of the Hedera Wallet Snap. The Token Service and Smart Contract Service of Hedera are now completely integrated with the wallet snap. The most recent update to MetaMask unlocks a plethora of opportunities. The latest innovation opens up a new gateway to infinite possibilities, and the recent developments will enhance the functionality of MetaMask, a crypto wallet software. MetaMask is the recommended option for managing digital assets and creating innovative applications. It offers a precise, feature-rich, fantastic, and unprecedented way to get in touch with digitally backed…
PlanB, a prominent crypto analyst and creator of the Bitcoin Stock-to-Flow model (S2F), suggests that Bitcoin (BTC) price action is gaining momentum and hints at a potential price surge in the near future. In a recent post on X, the analyst presented a graph depicting Bitcoin’s MVRV (Market Value to Realized Value) score. The graph, which compares Bitcoin’s relative strength index (RSI) over the years with the MVRV score, reveals a correlation between higher MVRV scores, market tops, and increased buying pressure. PlanB’s analysis suggests that, similar to previous bullish cycles, Bitcoin’s RSI is rising and the MVRV scores are…
Ethereum price struggled to climb above the $3,650 resistance and trimmed gains. ETH is now signaling a downside break and might decline below $3,450. Ethereum is trimming gains from the $3,620 resistance zone. The price is trading below $3,550 and the 100-hourly Simple Moving Average. There was a break below a short-term rising channel forming with support at $3,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if it dips below the $3,485 and $3,450 support levels. Ethereum Price Trims Gains Ethereum price started a decent increase above the $3,500 zone. ETH…
OKX Ventures, an investment forum operating under the prominent crypto exchange OKX, has started an investment round. As per the company, it has begun a Series A round of investment for a unification layer Avail that focuses on resolving rollup fragmentation. The platform revealed this development on its official X account. We’re thrilled to announce the series A round investment in Avail, a unification layer designed to solve rollup fragmentation at scale. @AvailProject https://t.co/Oro3RFcSqI pic.twitter.com/ZBeaN23WMw — OKX Ventures (@OKX_Ventures) June 20, 2024 OKX Ventures Initiates Series A Investment for the Unification Layer Avail Additionally, the firm also published a blog…
Developed by Succinct Labs, Blobstream enables Celestia’s data roots to be streamed to an Ethereum light client on-chain. The solution offers high-throughput data availability (DA) for Ethereum layer 2 solutions (L2s), secured by cryptoeconomic guarantees. Apart from the launch, the Celestia team announced that Blobstream on the Ethereum mainnet is now accessible on Celestia’s blockchain explorer Celenium. According to Celestia’s blog announcement, Succinct Labs has introduced Blobstream X, a zero-knowledge (ZK) implementation that streamlines the verification of Celestia validator signatures on-chain with a single ZK proof. This reduces validator overhead, simplifies the Celestia protocol, and accelerates the streaming of data…
Former SEC official Kristina Littman speculates that the SEC might not appeal the Ripple ruling to potentially avoid setting an unfavorable law at the Second Circuit. The SEC’s legal tussle with Ripple is edging close to a potential resolution as the crypto community awaits the court’s final verdict. Consequently, many industry experts, including Ripple CEO Brad Garlinghouse, projected that the court could issue the final decision before the end of Summer 2024. Nonetheless, the major question remains whether the SEC would appeal the initial ruling, which gave Ripple a partial victory in July 2023, after the upcoming final verdict. SEC…