Author: NBTC

Late Saturday, an Ethereum layer-2 network called Linea found itself stuck between a rock and a hard place. Using an exploit, attackers had drained $2.3 million worth of ETH from a decentralized exchange that operates on Linea, called Velocore. Unable to reach the Velocore team, Linea’s leadership made the decisive call to freeze all transactions across the network in an effort to prevent further malfeasance. The plan worked: Linea users were insulated from additional losses. That’s when the trouble started. Crypto users immediately decried Linea’s actions across social media, arguing that the company had violated the industry’s core principle, decentralization.…

Bitcoin’s price remains relatively stable, hovering between $68,000 and $71,000, despite touching the $70,000 mark again recently. Amid this sideways movement, analysts remain optimistic, citing bullish indicators that suggest a potential breakout on the horizon. Adrian Zidanic, a respected analyst and part of the Crypt BB analyst group, has highlighted a bullish ascending triangle forming in Bitcoin’s chart during this period of consolidation at the “Thinking Crypto” podcast. Zidanic anticipates a breakout soon, with a target price of $86,500. While acknowledging the possibility of unforeseen market movements, Zidanic’s analysis points to a higher probability of a bullish scenario playing out.…

GameStop shares popped 16% to over $31 on Wednesday after Gary Gensler, chairman of the Securities and Exchange Commission (SEC), was asked about Keith Gill. Better known online as Roaring Kitty or DeepFuckingValue, the meme stock influencer was brought up by the hosts of CNBC’s Mad Money. Before they could finish asking a question about Gill’s online return, Gensler interrupted to address the show’s audience directly. Describing the SEC as a cop on the beat, Gensler said the agency investigates the behavior of financial market participants as one might expect. But, “following the facts and the law,” he said the…

The second-largest meme token, Shiba Inu (SHIB), has raised $12 million through its TREAT token to develop its new privacy-focused Layer 3 blockchain, The Block reports. Accordingly, the SHIB team raised $12 million from venture capital investors outside the US through its unreleased token, TREAT. It was stated that TREAT investors include Polygon Ventures, DWF Ventures, Animoca Brands, Mechanism Capital, Big Brain Holdings, Shima Capital, Morningstar Ventures, Woodstock Fund, Stake Capital and Comma 3 Ventures. Shiba Inu lead developer Shytoshi Kusama said: “First of all, I would like to point out that none of the companies participating in the investment…

In an exciting development for the world of web3 gaming, Immutable has announced that The Mystery Society, a new social deduction game, will be launching on its zkEVM platform, powered by 0xPolygon. The game is a fresh endeavor by The Mystery Society, which recently secured $3 million in funding to bring their vision to life. Developed by a team of industry veterans from Disney and Club Penguin, The Mystery Society is poised to redefine the social gaming landscape. The launch on Immutable’s platform represents a significant milestone for The Mystery Society. It marks not only an expansion of Immutable’s portfolio…

Bitcoin’s price has been going through a consolidation phase over the past month, failing to continue its rally higher than $75K. Yet, things might be about to change soon. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been forming a large triangle pattern around the $70K mark. Depending on the direction of the potential breakout, these patterns can signal a reversal or continuation of the trend. Currently, the market has reclaimed the $68K level and is moving toward the higher boundary of the pattern. If a bullish breakout occurs, a rally toward higher prices…

The tokenized US Treasuries market surpassed the $1.5 billion market on June 4th and serves as an important metric on how tokenization of real-world assets (RWA) is growing as an industry. Nevertheless, this market is still distant from its traditional counterpart, as the US government sold a record $23 trillion in Treasuries last year, as reported by the Wall Street Journal. For Sally Meouche-Ghrawi, an executive from the RWA-focused infrastructure eSync Network, the relatively small size of the tokenization industry can be tied to the infrastructure and regulatory landscape. “There are many risks when it comes to real-world asset tokenization,…

In the evolving landscape of decentralized finance (DeFi), cross-chain technology continues to break new ground, offering more seamless and integrated solutions for users and developers alike. One significant advancement in this field is the introduction of SwapKit, an all-in-one Software Development Kit (SDK) designed for facilitating native cross-chain trading, decentralized exchange (DEX) aggregation, and other blockchain-centric services. SwapKit’s comprehensive tech stack is empowering developers to create robust, multi-chain decentralized applications (dApps) that transcend the limitations of single blockchain ecosystems. Recently, Swing, a leader in cross-chain liquidity solutions, has integrated SwapKit to leverage its extensive capabilities. This collaboration marks a pivotal…

As usual, there are various analyses and forecasts circulating regarding the possible future evolution of the price of Bitcoin. And, as usual, they need to be divided into three main groups, namely short-term, long-term, and medium-term ones. Analysis and medium to long-term forecasts on the price of Bitcoin Short-term forecasts The hypothesis of new all-time highs: the latest analysis and forecasts on the price of Bitcoin Gold at its highest Analysis and medium to long-term forecasts on the price of Bitcoin The long-term forecasts have not changed. In fact, it was already widely expected that the bull run could have…

The office of the Ombudsman at the Autorité des Marchés Financiers (AMF) has released its 2023 annual report, highlighting a rising number of cases in real estate investment companies, crowdfunding, and crypto assets compared to the previous year. The AMF Ombudsman received 1,922 cases in 2023, compared to 1,900 in 2022. The report indicates a significant drop in admissible cases, leading to fewer solutions proposed by the Ombudsman. Nevertheless, the team managed to handle and close a substantial number of cases, reducing the backlog by nearly 40%. Notably, 1,129 admissible cases were reported, which compared to 1,341 in 2022. 2,060…