Author: NBTC
Savvy cryptocurrency trader and entrepreneur Willy Woo has taken to the X social media platform (widely famous as Twitter in the not-so-distant past) to talk Bitcoin and reveal the rough date when he expects BTC to soar 10x from now. Willy Woo makes bullish Bitcoin statement Woo started his tweet, saying that the financial world has finally started to believe that Bitcoin is a “fast emerging asset class.” As this awareness has dawned on Wall Street now, Woo reminded the cryptocurrency community that asset classes are usually evaluated at tens of trillions of U.S. dollars. Everyone asking “when?”I’d say when…
In recent times, the cryptocurrency market has shown extreme volatility, culminating in the last 24 hours with on-chain liquidations on protocolli DeFi that have exceeded 350 million dollars. According to the data provided by Parsec, this significant increase in liquidations was largely caused by a general selloff in the cryptocurrency market, with Bitcoin falling below $51,000 and Ethereum touching $2,200. At the same time, centralized exchanges recorded futures liquidations exceeding 1 billion dollars in the same time frame. Impact on on-chain liquidations in DeFi protocols The AAVE protocol collects 6 million from liquidations The consequences for the crypto market Conclusion…
The Open Platform (TOP), a major player in the TON ecosystem, has invested an undisclosed amount in PLUTO Studio—the developer of the Telegram tap-to-earn game Catizen. This strategic investment showcases The Open Platform’s commitment to supporting the TON blockchain and fostering innovation within the ecosystem. Distinctive Gameplay Sets Catizen Apart in Tap-to-Earn Market Catizen, PLUTO Studio’s flagship project, has garnered widespread acclaim and achieved notable milestones. According to the official data shared with BeInCrypto, as of July 13, the game had reached over 24.8 million in-game players and 1.4 million on-chain users. Moreover, the total accumulated in-game purchases amount to…
The National Payments Corporation of India (NPCI), which operates retail payments and settlement systems in the country, has rolled out the ‘UPI One World’ wallet for inbound travelers visiting India. The initiative is designed to provide international visitors from some parts of the globe with a seamless, real-time digital payment experience, making exploring India’s cultural attractions and vibrant landscapes easier. The initiative by the NPCI is aimed at showcasing India’s success in the global digital payments landscape and provide an opportunity for the international community to engage with and benefit from the Digital Public Infrastructure (DPI), UPI said in a…
BTC Recovers Above $61K But Danger Still Looms if it Breaks Below This Key Support Level: Bitcoin Price Analysis
Bitcoin’s price has been on the decline over the last couple of weeks, as it failed to create a new all-time high once again. However, the asset is now approaching a key support level. Technical Analysis By TradingRage The Daily Chart With the BTC price dropping fast, it is approaching the 200-day moving average on the daily timeframe. But first, for the asset to drop to that level, which is situated at around $57K, the $60K support level has to be broken decisively to the downside. Meanwhile, the RSI is also reaching the oversold region, which could result in a…
Dubai — stabble, the pioneering Solana-based protocol designed to minimize financial losses and reduce operational costs, has successfully raised $2.5 million in a pre-seed, seed, and private funding round. —Leading the round is Masterblox, with additional investments from Dynamic Labs, Founder Heads, Spicy Capital, DuckDAO, Marshland Capital, and ZEMU VC. This funding will drive stabble’s ongoing development of its decentralized exchange (DEX) and boost enhancements for protocol-managed liquidity and arbitrage.As decentralized exchanges (DEXs) gain traction, they face persistent challenges such as price volatility and liquidity risks. These issues can undermine trader confidence and lead to financial losses. stabble addresses these…
The NFT sector has seen a significant change in terms of sales this week. The data from CryptoSlam places Sorare, DogeZuki Collection, Bored Ape Yacht Club, Guild of Guardians Heroes, and CryptoPunks among the top NFT collections in this respect. These NFT collections have made significant progress to outcompete Guild of Guardians Heroes, Gods Unchained Cards, and DMarket which were among the top in the previous week. Sorare Sees a Weekly 42.25% Rise in Sales Volume to Get the 1st Spot among Top NFT Collections As per CryptoSlam, Sorare saw a substantial jump to reach $3,879,631 in sales. This NFT…
Bitcoin, which suffered sharp declines in recent weeks due to Mt.Gox refunds and sales by the German government, has begun to recover. At this point, the strong stance taken by Donald Trump after he was attacked over the weekend triggered the rise in BTC and altcoins. BTC, which rose after the Trump attack, exceeded $ 64,000. While there were increases in altcoins, popular on-chain data platform Santiment warned investors about XRP and Litecoin (LTC). Stating that there is high FOMO in XRP and LTC, Santiment said that these two altcoins may continue to rise, but they pose a high risk…
Hamster Kombat launches on August 5, 2024, at 09:00 UTC, with HMSTR available for early trading on KuCoin PreMarket. The game features a competitive multiplayer PvP mode, adding a unique edge to the clicker game genre. Experts predict Hamster Kombat will significantly impact online multiplayer competition, making its debut highly anticipated. The long awaited launch of Hamster Kombat is finally over. Starting at 09:00 UTC on August 5, 2024, HMSTR will be available for trading. Investors will gain early access to Hamster tokens as it debuts on KuCoin PreMarket. Hamster Kombat is an engaging new clicker game that brings a…
While Bitcoin is slowly recovering after the correction it has experienced in recent days, the risk of decline still continues. At this point, some analysts think that the decline could go as low as $50,000. However, some analysts predict that the price recovery will continue and a jump may occur. One of these analysts was John Bollinger, the creator of Bollinger Bands, one of the frequently used technical indicators. John Bollinger, who thinks positively about the Bitcoin price, pointed out that a two-bar reversal pattern has formed in the lower Bollinger Band. Arguing that this model formed in a logical…