Author: NBTC

Covalent (QCT), a modular data infrastructure for artificial intelligence (AI), has seen the price of its native token fluctuate sharply in the past 24 hours. The price of QCT fell sharply on Thursday, crashing from $0.15 to $0.10. However, QCT has rebounded and is currently trading around $0.16, as the community looks to steady itself around the AI-related crypto project considered a major network development. Crypto analyst Michael van de Poppe said on X that Covalent is poised to bounce back after the sharp price correction. “$CQT is doing great in their ecosystem and they proposed a change for CQT…

It seems that Bitcoin’s selling pressure is through the roof again as the first cryptocurrency dropped below $65,000, with more than $140 million liquidated. However, the main source of selling pressure might not have been so obvious. Recent price action indicates that Bitcoin is having difficulty maintaining its hold above important support levels. With a break below the 50 EMA and an approach to the 100 EMA, the daily chart shows an extreme decline. There is also growing bearish momentum indicated by the RSI. The fact that Coinbase is the source of the selling pressure is crucial. The Coinbase Premium…

The latest developments in the NFT sector have reportedly resulted in a shift in the sales thereof. Hence, this week saw a change in the top NFT collections in line with sales, as per data from CryptoSlam. The prominent NFT projects in this respect take into account DMarket, Guild of Guardians Heroes, Sorare, DogeZuki Collection, and CryptoPunks. DMarket Leads the Top NFT Projects Based on Weekly Sales The statistics disclose that DMarket has led the NFT market in the case of sales. The NFT project reportedly witnessed sales of up to $7,471,863 worth. This figure denotes a great surge of…

The Hedera Hashgraph and Deloitte have partnered to enhance the verification of companies’ ESG impact. The Deloitte ESI platform is set to transform how companies prove their net-zero and ESG claims. The Hedera Hashgraph has announced a partnership with Deloitte to enhance the verification of companies’ ESG impact and sustainability claims. This partnership aims at fighting greenwash and proper, tangible impact reporting through a new tool, Environmental & Social Impact (ESI), built on Hedera DLT. BREAKING: @Deloitte leverages the @Hedera Hashgraph network, a cutting-edge distributed ledger platform renowned for its efficiency and security.https://t.co/Mzht4QaAFr#Crypto #Cryptocurrency #CryptoNews #Hedera #Hashgraph #HBAR #Bockchain #IoT…

Crypto analyst Nick, host of the Cheeky Crypto YouTube channel, explored the factors influencing Bitcoin’s current price trajectory, focusing on MicroStrategy’s recent Bitcoin acquisition and the movements of large holders, known as whales. In a new video, Nick analyzed Bitcoin’s recent price action and offered insights into what might lie ahead for the leading cryptocurrency. Nick cited MicroStrategy’s $800 million note offering, which facilitated its recent large-scale BTC purchase, as a significant factor in Bitcoin’s price development. According to recent reports, MicroStrategy bolstered its Bitcoin holding by acquiring an additional 11,931 Bitcoins for $786 million. This increased the investment company’s…

Worldcoin is 994 million users away from its goal of onboarding one billion people by 2023 and will need to scan an estimated 2,734 people each day to hit this figure by 2026. Worldcoin announced yesterday, July 10th, that it has verified 6 million users since its launch in July 2023. However, in October 2021, numerous outlets reported that Worldcoin had aimed to onboard one billion users by the end of 2023. It’s now July 2024. Semafor reported last April that Worldcoin was suffering an orb shortage and that it has between 300 and 500 orbs in use. Worldcoin was…

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…

Michael Saylor, a vocal Bitcoin evangelist who cofounded business intelligence behemoth MicroStrategy and has stepped down from being its CEO to be its executive chairman, has published a new tweet that has the BTC community intrigued. Recently, Saylor’s company, MicroStrategy, conducted yet another massive Bitcoin acquisition, while the BTC price took another dive. Michael Saylor hints at MicroStrategy’s new logo? Renowned entrepreneur and Bitcoiner Saylor published an image that depicts a furry cartoon-like creature that is eating coins with the Bitcoin sign on them. “New logo?” Saylor tweeted with that image. New Logo? pic.twitter.com/oWcZFkCxK4 — Michael Saylor⚡️ (@saylor) June 21,…

Pendle Finance, co-founded by TN Lee, has undergone a remarkable transformation from its origins as a failed Cold Brew business to a multi-billion entity. In a recent interview which was hosted by Kevin – WSH, Lee discussed Pendle’s evolution into a major decentralized finance (DeFi) protocol with a staggering $7 billion in total value locked (TVL). He noted that high-profile traders are taking interest in their project and mentioned Tron founder as well in this regard. E82: @pendle_fi : From a failed Cold Brew Business to a $7 Billion TVL Protocol@tn_pendle is the CoFounder of Pendle Finance – a DeFi…

The “ASOPR” (Adjusted Spent Output Profit Ratio) indicator is a useful tool for understanding market trends. This indicator is illustrated with a 200-day moving average. It helps investors to see how much profit is being realized in the market. Guessing the Peak of the Market“When the asopr indicator rises above 1, it generally occurs during market uptrends, indicating a higher likelihood of continued price increases. However, historical data suggests that when this indicator approaches 1.08” – By @Woo_Minkyu Read… pic.twitter.com/YHswbUyJaY — CryptoQuant.com (@cryptoquant_com) June 21, 2024 ASOPR Above 1 Signals Investor Profit Another fact which can be observed is that…