Author: NBTC

The Bitcoin (BTC) price gained bullish momentum again, surpassing the $70,000 mark, while whale activity around the asset declined. BTC is up by 2.2% and is trading at around $71,000 at the time of writing. The flagship asset’s market cap is getting close to the $1.4 trillion mark — currently sitting at $1.398 trillion. BTC price, whale activity, RSI and active addresses – April 11 | Source: Santiment Moreover, Bitcoin’s daily trading volume increased by 5% and is hovering around $37.5 billion at the reporting time. You might also like: US senators to unveil bipartisan stablecoin legislation The upward momentum…

Two major Russian companies are using tether (USDT) and other cryptocurrencies to settle cross-border transactions in China as sanctions tighten, Bloomberg reports. Executives from two top commodities trading firms producing metal in Russia told Bloomberg, on the condition of anonymity, that USDT is used in some of these transactions when dealing with mostly Chinese clients and suppliers. Sanctions imposed on Russia following the Ukraine war have made it harder for commodities firms, such as those trading steel and timber, to receive payments. In April 2024 the London Metal Exchange and Chicago Mercantile Exchange were banned from accepting metal exports from…

Avail, a blockchain project known for data availability (DA), shared Thursday that five major layer-2 networks in the Ethereum ecosystem will integrate with its Avail DA solution. Those chains include Arbitrum, Optimism, Polygon, StarkWare and zkSync. Users will be able to opt in or out to use Avail for data availability – a service needed by these “rollup networks” to stash the reams of data produced on all the transactions taking place. A key driver for DA solutions is that they can provide a cheaper and faster way of storing data than on the main Ethereum blockchain. Avail came into…

As the Bitcoin (BTC) halving event approaches, speculators are likely to position themselves in advance, anticipating potential changes in the market. However, K33 CEO Torbjørn Bull Jenssen tells long-term investors that they should focus on the demand side of the market rather than the halving itself. Jenssen said in his statement: “We expect speculators to act in advance in this event, as in all halving events in the past. “On average, Bitcoin gained 14% in the month leading up to the halving, and we wouldn’t be surprised if 2024 follows suit.” According to analysts, Bitcoin’s current inflation rate is around…

GameStop stock has jumped nearly 30% and is currently trading at just under $22 — and this time without any help from RoaringKitty. Its price has been on a rollercoaster in recent weeks, rising from $10 to nearly $65 and back down to $17 in a month. Its current price puts it almost 30% off its recent lows. So, what is the reason for the boost? On Friday the video game retailer announced that it had earned nearly $1 billion dollars from its at-the-market equity offering program, which should help the company pursue growth options, complete acquisitions, or even do…

The DYDX token is an integral part of the dYdX Chain, focusing on decentralized financial (DeFi) instruments and derivatives. It has undergone significant changes after transitioning from Ethereum to the dYdX Chain, bringing new functionalities and an expanded utility. Here’s what you need to know. From Ethereum to Cosmos On October 26, 2023, at 17:00 UTC, the dYdX Chain was born, launching its very first block. DYdX transitioned to operate its own chain within the Cosmos ecosystem, moving beyond its initial deployment on Ethereum. This evolution signified a major step in its development, aiming to leverage the interconnectivity and efficiency…

Bitcoin (BTC) has once again surpassed the $70,000 mark, rebounding from volatility triggered by higher-than-expected inflation data in the United States. Despite trading above this psychological threshold, the maiden cryptocurrency has predominantly consolidated below its previous all-time high, leaving the market on edge regarding its next direction. In examining the potential price movements, crypto trading expert Alan Santana pointed out that recent movements show that Bitcoin is in a stalemate as it struggles to break through resistance, with a strong bearish signal potentially on the horizon. In a TradingView post on April 11, the strategist’s analysis was based on Bitcoin’s…

Stellar-based Félix Pago is reported to have secured a $15 million series A funding round to expand its services in LATAM and the US. According to them, their services rely on crypto partners such as Boston-based crypto fund Castle Island Ventures. Stellar-based WhatsApp cross-border transfer service Félix Pago has secured $15 million Series A funding as part of the plans to boost its operations in the LATAM and US. According to reports, the round was led by Massachusetts-based VC firm Castle Island Ventures and supported by Switch Ventures, HTwenty, MELI Capital, and Contour. Founded in 2021, Félix Pago explains that…

Investors are curious about the BTC and altcoin portfolios of giant corporate companies that affect prices with Bitcoin and altcoin purchases and sales. At this point, cryptocurrency analysis company Arkham shared the portfolios of giant investment companies Paradigm, Andreessen Horowitz (a16z), Spartan Group, Blockchain Capital and SCP Token. Accordingly, Ethereum (ETH) ranked first in Paradigm’s portfolio, followed by Lido DAO (LDO) and Optimisim (OP). In Andreessen Horowitz’s (a16z) portfolio, Uniswap (UNI) ranked first, followed by COMP and ETH. Ethereum ranked first in Blockchain Capital’s portfolio. ETH was followed by AAVE, UNI and SAFE. PENDLE ranked first in Spartan Group’s portfolio,…

EarthMeta presale has taken the metaverse and crypto communities by storm, positioning itself as a strong competitor to established giants like Decentraland and The Sandbox. Offering compelling incentives, EarthMeta stands out as a significant project in the metaverse space. The performance of metaverse-related crypto-assets like $MANA and $SAND, which have outpaced traditional cryptocurrencies like Bitcoin and Ethereum in 2023-2024, indicates growing interest in the metaverse. This trend suggests that the $EMT (EarthMeta Token) is entering a dynamic cryptocurrency landscape with significant growth potential. EarthMeta’s presale has emerged suddenly, making a notable impact by attracting metaverse enthusiasts, AI advocates, and investors…