Author: NBTC
Bitcoin price started a decent increase above the $70,500 resistance. BTC is showing positive signs and might gain bullish momentum above the $72,000 resistance in the near term. Bitcoin extended its increase above the $70,000 and $70,500 resistance levels. The price is trading above $70,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $70,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it settles above the $72,000 level. Bitcoin Price Regains Strength Bitcoin price remained stable above the $69,500…
Web3 privacy-focused infrastructure provider Nym Technologies has joined Liquid Federation to support the growing Bitcoin layer-2 ecosystem, according to an April 18 statement shared with CryptoSlate. The Liquid Federation is a group of crypto-native organizations, including exchanges, trading desks, and developers, that perform vital tasks for the premier Bitcoin sidechain, Liquid Network. ‘Enhancing privacy’ As part of its engagement, Nym Technologies assumes a crucial role as one of the 15 dispersed functionary node operators for Liquid Network. These specialized nodes, housed in tamper-proof Hardware Security Modules (HSMs), are crucial in managing the Liquid Network’s core infrastructure and transactions. This includes…
US spot Bitcoin exchange-traded funds (ETFs) achieved significant success on Wednesday, recording daily net inflows totaling $488.24 million, with all 11 funds recording either net inflows or zero flows. This follows the second-highest daily net inflow recorded on Tuesday. US Spot Bitcoin ETFs See Longest Positive Streak, Seeing $488 Million in Daily Net Inflows According to SosoValue data, net inflows were led by Fidelity’s FBTC with $221 million. BlackRock’s IBIT followed closely behind with a net inflow of $155 million. Ark Invest and 21Shares’ ARKB brought in $71 million, while Bitwise’s BITB saw daily net inflows of $19 million. Grayscale’s…
Dogecoin (DOGE), the meme-inspired cryptocurrency, has experienced a significant uptick in trading volume over the last 24 hours, according to data from CoinGlass. This surge in trading activity comes as the DOGE community and investors anticipate a potential recovery in its price. CoinGlass reports that DOGE’s trading volume has increased by 11.96%, reaching a total of $3.44 billion. A detailed breakdown of the trading volume reveals that Binance leads the way with $1.47 billion, followed by OKX with $909.56 million and Bybit with $520.33 million, among other exchanges. The substantial increase in trading volume indicates renewed interest and activity around…
Robert Kiyosaki, the American author known for the “Rich Dad, Poor Dad” personal finance book series, has stunned the cryptocurrency community with his latest Bitcoin price call. Kiyosaki has predicted that the price of the leading cryptocurrency will be $350,000 by mid-August. “It’s a prediction. It’s speculation, it’s an opinion, but it’s not a lie. It’s sucker’s bait, but it’s not a lie because any prediction about the future is not a lie,” he added. The American businessman is “certain” that Bitcoin will keep rising alongside Ethereum and Solana. Kiyosaki’s followers were puzzled by the recent price target considering that…
A ‘ve Wars’ landscape might be started with Zeta Markets’ token, with a governance model aimed at protocols chasing additional incentives. The post Zeta Markets’ native token to bring incentive wars to Solana appeared first on Crypto Briefing. Derivatives decentralized exchange (DEX) Zeta Markets revealed the whitepaper for their governance token Z on April 18, which will have a vote escrow (ve) model and 30% of its total supply earmarked for liquidity providers incentives. This could potentially start a ‘Ve Wars’ landscape on Solana, which is something Zeta Markets is looking out for, as confirmed by the protocol to Crypto…
The whales possessing the top crypto token Bitcoin are reportedly focusing on reaccumulation. As per the famous on-chain analytics provider CryptoQuant, the BTC whales are at the moment, going through the procedure of reaccumulation to get profits. The analytics company took to its account on X to disclose the news of this development. Whales are in the process of reaccumulation“This buying pressure has already started to impact market prices, but it should intensify in the coming weeks.” – By @caueconomy Read more 👇https://t.co/R8Xpwa5wqh — CryptoQuant.com (@cryptoquant_com) June 5, 2024 BTC Whales Begin the Reaccumulation Process, Says CryptoQuant CryptoQuant noted in…
Two longstanding community members have graduated into the Neo core developer team: Anna Shaleva, Neo SPCC software engineer, and vang1ong7ang, Lazynode researcher. Tasked with deep involvement in technical and engineering decisions, the core developer role requires members to participate actively and regularly in protocol development. Much of Shaleva’s contributions to the Neo ecosystem have pertained to software written in the C# and Go languages and have impacted various parts of the ecosystem. She maintains and improves Neo’s Go client node implementation, reviews and tests PRs submitted to Neo project repositories, and was instrumental in implementing Neo N3’s consensus mechanism into…
Three years ago, President Nayib Bukele’s decision to make Bitcoin (BTC) legal tender in El Salvador made headlines around the globe. On September 7, 2021, the “Bitcoin Law” came into effect, making El Salvador the first country to adopt Bitcoin as an official currency. Since then, the nation has experienced significant economic and social shifts, highlighting the impact and potential of this bold move. The Rise and Fall of Bitcoin’s Value: Impact on El Salvador El Salvador’s embrace of Bitcoin has been mixed with challenges and successes. The country now holds over $411 million in Bitcoin, with a more than…
The ICON Foundation has marked an important milestone in the advancement of decentralized finance when it announced about the $50,000 grant from the Stellar Community Fund. The grant is expected to support the integration of Balanced, one of the ICON’s popular cross-chain decentralized exchange and stablecoin platform, with the Stellar blockchain. The integrated connection between the two blockchain networks is expected to create more synergies in the global DeFi ecosystem. ICON’s Balanced Platform Enhances Global DeFi Efficiency Balanced is an established innovator in its cross-chain DeFi solutions, making it easy for participants to interact with native cross-chain DeFi primitives. From…