Author: NBTC
BTC continued its downtrend all the way to the green zone, making the move predicted in the “Will it start falling until halving?” analysis. Yesterday’s analysis gave readers a gain of more than 15%. The current BTC chart shows that the price has encountered buying from the green support range. BTC’s downtrend continued into the green zone as the move predicted in the “Will it start falling until the halving?” analysis materialized, with yesterday’s analysis showing a gain of more than 15%; currently, the price is trying to rally with buying from the green support range of $66,666 – $65,800.…
Legendary trader Peter Brandt opens a long position in Ethereum with a target of $4,032, leveraging a descending wedge pattern to predict a bullish breakout from $2,741. Peter Brandt, a seasoned trader and classical chartist, recently shared his current trades on social media, highlighting a notable bullish signal for Ethereum. Brandt, known for his adherence to classical charting techniques from Schabacker’s 1934 methods, focuses on swing trading by identifying and trading breakout patterns. According to an X post, his trading approach has a 55% hit rate, implying his method’s reliability. As a trader I’m a classical chartist (Schabacker, 1934)I’m a…
In a flurry of activity that has caught the attention of crypto enthusiasts worldwide, over $66 million worth of Solana (SOL) has been transferred to major exchanges. The two transactions, tracked by the renowned blockchain monitoring service Whale Alert, indicate sizable movements in the Solana ecosystem. 🚨 🚨 249,110 #SOL (35,634,355 USD) transferred from unknown wallet to #OKExhttps://t.co/6U8T1EA0YP — Whale Alert (@whale_alert) April 28, 2024 According to Whale Alert’s tweets, a substantial amount of SOL has been shifted from unidentified wallets to two prominent exchanges. The first transfer saw 249,110 SOL, valued at $35,634,355, move from an unknown source to…
The sixth-largest stock exchange in the world has officially begun trading Bitcoin (BTC) and Ethereum (ETH) exchange-traded notes (ETNs). According to the London Stock Exchange (LSE), today marks the launch of ETH and BTC ETN trading. “We are pleased to announce the launch of Crypto ETNs on the London Stock Exchange, effective 28 May 2024, welcoming products from WisdomTreeEU and 21Shares.” ETNs are a type of exchange-traded product (ETP) and are distinct from exchange-traded funds (ETFs) in that ETNs are debt-carrying vehicles tracking an index, and not backed by underlying assets. However, according to one of the approved ETP creators,…
The following is an essay originally published on Unchained.com by Dhruv Bansal, CSO and Co-founder of Unchained, the Official US Collaborative Custody Partner of Bitcoin Magazine.For more information on services offered, custody products, and the relationship between Unchained and Bitcoin Magazine, please visit our website. Click here to download a PDF of this 7,000 word essay on the origins of Bitcoin. Bitcoin is often compared to the internet in the 1990s, but I believe the better analogy is to the telegraph in the 1840s.[1] The telegraph was the first technology to transmit encoded data at near-light speed over long distances.…
Ethereum (ETH) is showing strong signs of an imminent rally, potentially reaching new all-time highs. This optimistic outlook was highlighted by prominent crypto analyst Jelle, who recently tweeted that ETH has broken out from the falling wedge and flipped its key areas into support. He mentioned that Ethereum is now pushing for $4,000 before potentially reaching a new all-time high. As of the latest data, Ethereum is priced at $3,904, reflecting a 2.66% increase in the past 24 hours. More impressively, the cryptocurrency has surged by 25.69% over the last 30 days. This robust performance has been accompanied by a…
Anza, a dev collective behind Solana, recommended the adoption of Agave v1.18.12 into the blockchain’s devnet and testnet. This new version of the mentioned client ships with a central scheduler that aims to reduce congestion by increasing fee collection and reducing conflicting transactions. Anza is calling for increased testing on this functionality. Anza Calls for Central Scheduler Testing on Solana Solana engineers are testing one of their definitive weapons to fight network congestion. Anza, a group of software developers behind the Solana client, has recommended the implementation of Agave v1.18.12 into the network’s devnet and testnet. The new version includes…
In the last 24 hours, Bitcoin and altcoins encountered significant volatility, resulting in a notable decline, with the overall crypto market capitalization dropping by approximately 8%, settling at $2.53 trillion. This swift market fluctuation may have taken many retail traders by surprise. However, insights from on-chain data reveal that certain large-scale investors, colloquially known as crypto whales, foresaw the downturn and offloaded a substantial portion of their holdings. Crypto Whales Offload Holdings On-chain analysts reported that several institutional investors strategically sold portions of their holdings during the market downturn. Four crypto whales collectively offloaded 31,683 ETH, valued at approximately $106…
Cosmos is set to enter the interchain NFT market with Stargaze, a new addition to its ecosystem. Stargaze is a decentralized application chain developed on the Cosmos SDK with a primary focus on NFTs. Its purpose is to facilitate the expansion of the interchain economy through an easy-to-use NFT marketplace. This platform benefits all creators, traders, and developers by implementing on-chain royalties and zero gas fees for minting and trading; extra rewards from protocol fees for stakers. 2/ Stargaze pioneers interoperability & modularity with IBC and CosmWasm, enabling secure smart contracts in Rust.It simplifies NFT creation and supports Interchain NFT…
Ethereum team lead Péter Szilágyi says many Ethereum clients “very aggressively” delete old chain segments, raising questions about network dependency on Geth. Ethereum software client Geth (also known as Go Ethereum) remains a focal point of discussion, as Ethereum team lead Péter Szilágyi raised concerns about the increasing reliance on Geth, emphasizing the broader implications for data availability and network decentralization. I wanted to do a direct reply, but figured this is an interesting thing to expand a bit, so here’s a top level tweet instead.Bitcoiners forever hated us because we redefined what full nodes meant (for us). We didn’t…