Author: NBTC
Bitcoin’s price is yet to break above its recent high and create a new ATH. However, looking at the technical and fundamental signs, it might only be a matter of time. Bitcoin Price Analysis: Technicals By TradingRage The Daily BTC Chart Over the last month, the Bitcoin price has been trapped inside a large symmetrical triangle pattern on the daily timeframe. Yet, it is currently testing the higher boundary of the pattern, trying to push above the $70K level. If a bullish breakout from the triangle occurs, a positive continuation and, subsequently, a new all-time high would be highly probable.…
Ripple’s (XRP) latest whale actions have attracted the attention of crypto players. The entities have shifted more than 180 million coins in various transactions. The massive token transfers triggered speculations as they corresponded with crucial developments in the legal fight between the Securities & Exchange Commission and Ripple Labs. Judge Netburn issued a new order on the crypto firm’s bid to drop the regulator’s latest expert submissions. Ripple Whales on the move While XRP sees a momentum resurgence, dip-pocketed players have executed four transfers involving more than 180 million assets. The transactions included an accumulation of 26.67 million tokens from…
Bitdeer generated $100 million in proceeds from the private placement, which could grow to $150 million if fully exercised. Tether now has a unit specifically focused on investments in bitcoin mining. Stablecoin company Tether has agreed to purchase up to $150 million worth of shares in bitcoin (BTC) miner Bitdeer (BTDR). Bitdeer entered into a subscription agreement for the private placement of 18,587,360 Class A ordinary shares, generating $100 million in proceeds, according to an announcement on Friday. The agreement also includes a warrant to purchase an additional 5 million shares at $10 apiece, which will provide an additional $50…
Bitcoin is all set to undergo halving later this month. With less than 10 days away, the network has reached yet another crucial milestone. The latest stats compiled by CoinWarz revealed a record-breaking mining difficulty for Bitcoin, peaking at 86.39 trillion. Over the last week, it climbed by 3.92%, and within the last month, it surged by 8.87%. This indicates a 3.4% upswing from the prior high of 83 trillion, established on March 28. Bitcoin network hash rate, on the other hand, was found to be 626.56 EH/s, hovering relatively close to its all-time high of 762 EH/s. CoinWarz data…
Ethereum’s network has been the home of many narratives throughout the years, and liquid restaking is undoubtedly one to look into. You might be confused by the term liquid restaking, and that’s completely understandable. After all, another popular narrative is centered around liquid staking. Before we dive into the intricacies of the Renzo Protocol, which is the ultimate purpose of this guide, it’s essential to understand a few fundamental principles first. Quick Navigation What’s the difference between Liquid Staking and Liquid Restaking? Liquid Staking Tokens (LST) Liquid Restaking Tokens (LRT) What is EigenLayer? Understanding Actively Validated Services (AVS) What is…
The BitBoy One, an upcoming handheld console built around a Bitcoin gaming ecosystem, looks like an old-school Nintendo Game Boy—albeit in neon orange. But a new version themed around Bitcoin’s Runes token protocol will arrive with a new black sheen, and it’s being given away for free, too. The BitBoy One x Buoyant Capital Runes Black Limited Edition console casts the portable device in a new color scheme, complete with the Runes protocol logo on the front. Aside from the shift in color scheme and the added branding, it’s otherwise identical. The limited edition console is limited to 69 units,…
Fintech company Innopolis Tech controlled by a former minister of communications of Russia is set to build the largest Bitcoin mining center in Russia worth around $100 million. The Republic of Tatarstan is gearing up to build Russia‘s largest Bitcoin mining infrastructure valued at around $100 million investments, according to local news reports, citing Roman Shaykhutdinov, a deputy prime minister of Tatarstan. Speaking at a crypto forum in Kazan, Shaykhutdinov said the project will be undertaken by Innopolis Tech, a fintech company controlled by Nikolai Nikiforov, Russia’s ex-communications and press minister. Although specific details about the construction timeline and the…
Binance, the world’s leading cryptocurrency exchange, is significantly expanding its trading services. Binance Spot, the platform’s core trading hub, will introduce new trading pairs for major cryptocurrencies, including Bitcoin (BTC), XRP, Ethereum Name Service (ENS), and Lido DAO (LDO). In an official announcement on May 28, 2024, Binance detailed that trading for the BTC/MXN, XRP/MXN, ENS/USDC, and LDO/USDC pairs will begin on May 29. This expansion also includes the availability of trading bots services for these tokens, effective May 29, 15:00 (UTC). Binance’s strategic decision aims to “expand the list of trading choices offered on Binance Spot and improve users’…
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Bitcoin is up 3.32% today against the US Dollar Bitcoin is currently trading 11.94% below our prediction on Apr 16, 2024 Bitcoin dropped -2.30% in the last month and is up 133.37% since 1 year ago BTC price is expected to rise by 12.52% in…
In light of recent bans and regulatory hurdles in countries like Spain, Portugal, how is Worldcoin adjusting its strategy to make a place in the crypto market? Worldcoin (WLD), a digital identity project founded by OpenAI CEO Sam Altman and co-founder Alex Blania, has once again captured headlines with its announcement of an increase in the supply of its WLD token through private sales. Amid growing concerns over data privacy and regulatory issues, Worldcoin’s decision to ramp up its token supply raises questions about the project’s direction and its bid for market relevance. With recent bans in several countries, coupled…