Author: NBTC
Ethereum price failed to clear the $3,720 resistance. ETH declined again and is now at risk of more losses below the $3,550 support zone. Ethereum started a fresh decline from the $3,720 resistance zone. The price is trading below $3,650 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance near $3,680 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if there is a close below the $3,550 support. Ethereum Price Dips Again Ethereum price attempted a decent increase above the $3,650 resistance zone. ETH even spiked…
Cryptocurrency investors are waiting for Bitcoin to overcome the resistances it encountered on its way to the new ATH and renew its ATH, while waiting for clues from the US Consumer Price Index (CPI) data for ATH. The USA will publish CPI inflation data for May before the June interest rate decision that the FED will announce this evening. The data is critical after last week’s higher-than-expected US employment data dampened expectations for the FED to cut interest rates. At this point, Wall Street giants shared their expectations regarding US inflation data. According to the Wall Street Journal, Wall Street…
Decentralized blockchain network Internet Computer Protocol (ICP) has successfully implemented threshold-Schnorr signatures to harness the potential of Bitcoin-based decentralized finance (DeFi) and web3. According to a release seen by CryptoPotato, the new cryptographic signature scheme will enable ICP smart contracts to etch the Bitcoin token standard, Runes, and trade BRC-20 tokens. Implementing Threshold-Schnorr Signatures Threshold-Schnorr is a digital signature scheme that enables the secure signing of transactions and messages on-chain by facilitating the common ownership of a private key by a group of network participants. ICP said combining threshold-Schnorr-BIP340 with its integration with the Bitcoin network gives rise to new…
Chainalysis reported on Twitter that the Dubai Financial Services Authority (DFSA) has significantly revised its crypto token regulations following a consultation launched in January 2024. This update marks a major advancement in the regulatory framework for cryptocurrencies within the Dubai International Financial Center (DIFC). 1/7 🇦🇪On 3 June 2024, the Dubai Financial Services Authority (DFSA) amended its Crypto Token Regime following its consultation published in January 2024. What should industry players note? 📝 — Chainalysis (@chainalysis) June 11, 2024 The DFSA has introduced several key amendments aimed at fostering innovation and enhancing regulatory clarity. One major change authorizes the offering…
Bitcoin price found support at $67,000 and started a fresh increase. BTC climbed above $69,500 and might continue to rise in the near term. Bitcoin started a decent increase above the $68,500 and $69,500 resistance levels. The price is trading above $68,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $68,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it settles above the $69,500 level. Bitcoin Price Remains Traction Bitcoin price extended its decline below the $67,200…
Twelve new crypto wallets collectively withdrew 156,733 Ethereum (ETH), worth approximately $574 million, from Coinbase. This transaction occurred at an average price of $3,664 per ETH. However, despite this accumulation, the price of Ethereum has been struggling. Will Ethereum Price Drop 7%? According to data from the on-chain analysis platform Spot On Chain, 11 of these 12 crypto wallets withdrew about 13,059 ETH. Notably, one crypto wallet – 0xdfa, withdrew a slightly higher amount, 13,084 ETH. Concurrently, Ethereum’s availability on crypto exchanges has decreased significantly, reaching a seven-year low, as reported by the on-chain data from Glassnode. Lark Davis, an…
AI and crypto combined could add a total of $20 trillion to the global economy by 2030, the report said. Bitwise notes that bitcoin miners have all the resources that AI firms need. Crypto and AI have the potential to intersect in other areas other than mining such as information validation and virtual assistants. Artificial intelligence (AI) and crypto could add a combined $20 trillion to the global economy by 2030, asset manager Bitwise said in a report on Wednesday. “The intersection of AI and crypto is going to be even bigger than people imagine,” senior crypto research analyst Juan…
Gaming-focused layer-1 blockchain Saga has announced an airdrop campaign so huge, the team is calling it: Power-Level Over 9000! It’s a “Dragon Ball Z” reference that spawned a memorable internet meme, and now it’s conveying the scale of this sizable rewards push. In partnership with over 100—not quite 9,000—projects and games across various blockchain networks, users who stake their SAGA tokens will be eligible for bundles of token and NFT airdrops “over the coming months,” the announcement says. Each airdrop is grouped in “vaults” that feature multiple projects giving out various prizes. Notable games across various chains, such as Avalanche…
Key Points: Zimbabwe gathers public and industry opinions on cryptocurrency regulations to align with global trends and best practices. A government committee is consulting with crypto service providers, both domestic and international, to understand the full picture of the crypto landscape. Stakeholders are encouraged to submit their suggestions by June 26 to help shape the future regulatory policies in Zimbabwe. The Zimbabwean government has invited public opinion on crypto asset regulation to formulate elaborate policies on regulation in this relatively new area. According to the Herald, this forms part of Zimbabwe’s POLAD efforts, which stem from the global trend of…
According to data from June 3, an entity with eight wallets created in 2013 moved 200 BTC valued at $13.87 million after the funds remained untouched for over 11 years. If sold today, the value of these bitcoins has increased by 197,785% since their acquisition. Spending 200 Bitcoin Unveils Previous Transactions From 2013 On Monday, a bitcoin (BTC) holder who acquired funds in early 2013 spent 200 BTC worth $13.87 million based on the June 3, 2024, exchange rates. The bitcoins were obtained between mid-February and late March 2013, when BTC traded between $25 and $35 per coin. This means…