Author: NBTC

Crypto seems to be slowly recovering after a long winter in the market, and users are adjusting their investment plans according to the latest updates in the industry. While simply buying crypto is a great way to start your journey in this field, there also are other options to earn some digital assets and start trading them to get a profit. So, in this article, we will talk about some of the best free crypto airdrops you can focus on for this month to make your crypto portfolio richer with at least one new cryptocurrency. Table of contents Best Free…

Bitcoin stands at the forefront, with its upcoming halving event sparking excitement and uncertainty among investors. As the countdown to Bitcoin’s fourth halving narrows to roughly three days, market dynamics have taken a tumultuous turn, with significant implications for the digital asset’s price trajectory. Deciphering BTC’s Halving Patterns: Insights Into Pre-Event Price Behaviour While the Bitcoin market has been on a decline over the past week, A CryptoQuant analyst has recently highlighted a recurring pattern in Bitcoin’s price dynamics observed before each halving cycle. This pattern entails a significant price decline, a trend witnessed in previous halving events. For instance,…

As revealed thanks to data from Whale Alert, a previously dormant Ethereum whale has transferred 86 ETH, valued at $325,535, to major U.S. crypto exchange Coinbase. This whale, identified by the wallet address “0xCc60,” had originally acquired Ethereum during the Genesis Block as a participant in the ICO, where the token was valued at just $0.31. Now this volume of tokens equals $325,160 and the price of Ethereum stands at $3,850. 💤 A dormant pre-mine address containing 86 #ETH (325,535 USD) has just been activated after 8.8 years!https://t.co/Sok4yMsG5q — Whale Alert (@whale_alert) May 23, 2024 This substantial transaction coincides with…

Among the latest news are massive announcements from LayerZero Labs and Anvil Protocol, each unveiling plans related to upcoming crypto airdrop distributions. These events highlight the ongoing innovations and strategic expansions within decentralized finance (DeFi). Crypto Airdrop Update: LayerZero and Anvil LayerZero Labs recently announced the completion of a crucial snapshot tied to an upcoming crypto airdrop. This event, marking a pivotal moment in blockchain interoperability, was captured at precisely 11:59:59 PM UTC on May 1, 2024. This initiative aims to incentivize participation and decentralize governance within its network. Likewise, Anvil Protocol made headlines by initiating the first phase of…

Bitcoin price is consolidating below the $65,000 resistance zone. BTC must surpass $65,000 and $67,000 to move into a bullish zone again. Bitcoin is struggling to gain pace for a move above the $65,000 resistance zone. The price is trading below $65,000 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $63,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $67,000 resistance zone. Bitcoin Price Eyes Upside Break Bitcoin price failed to clear the $67,000…

Prominent XRP community figure WrathofKahneman (WoK) recently unearthed a document suggesting Ripple worked alongside Citibank to develop a private solution for cross-border transactions. The paper was written by Bheema Shanker Neyigapul of the Department of IT at Jawaharlal Nehru Technological University, Hyderabad India. It was titled “Reshaping Banking through Blockchain: Exploring the Future of Financial Transactions.” Claim of Ripple and Citibank Partnership The paper explored the revolutionary role of blockchain technology in addressing the challenges in the traditional banking sector. A cited case study of blockchain adoption in the banking sector involved a supposed partnership between Ripple and Citibank. The…

Bitcoin (BTC) price slipped over four percent in the past 24 hours to retest the support range between $62,000 and $61,000. The flagship coin had stabilized around $63k during the early New York session as long-term holders remained unshaken. According to on-chain data analysis provided by Santiment, Bitcoin addresses holding between 1k and 10k coins accumulated 80,544 units since March 1. Remarkably, Bitcoin addresses holding between 10k and 100k wallets have accumulated almost 92k units since the beginning of March. Top Reasons Bitcoin Bears Reigned BTC Halving Volatility With about four days to the fourth Bitcoin halving, overall trading volume…

Electric Coin Company appears to be shifting its Zcash funding approach, calling for decentralization. The Electric Coin Company (ECC), a firm behind the Zcash cryptocurrency, has announced a shift in its funding approach for the token, signaling a departure from direct protocol funding and advocating for decentralization as the current development fund, established in 2020, is set to expire later this year. In a statement released on May 1, the Colorado-based company expressed concerns about the current funding model, referring to it as the “dev tax,” and highlighted the need for community-driven initiatives to determine the future of Zcash. “Some…

Mining is one of the oldest and most sure ways to make money in crypto — instead of the hassles of day-trading coins, miners literally join the other side by producing these coins themselves. But how have recent events affected this side of the crypto world? The Impact of Bitcoin Halving and Price Dynamics As the cryptocurrency landscape continually evolves, recent events like Bitcoin halving have significantly influenced market dynamics. Following the halving, Bitcoin’s price experienced an expected, but exciting surge, driven by heightened demand and reduced supply of new coins entering the market. This event was crucial for miners…

Global asset management firm Alliance Bernstein has explained that bitcoin’s bullish trajectory should resume after the upcoming halving event. The firm’s analysts described: “We believe it is always new demand catalysts that lead to bitcoin price appreciation in every cycle.” Bernstein’s Analysts on Bitcoin’s Price Post-Halving Global asset management firm Alliance Bernstein’s analysts Gautam Chhugani and Mahika Sapra shared their perspectives on the Bitcoin halving in a note to clients on Wednesday. They wrote: We expect bitcoin’s bullish trajectory to resume post-halving, when the mining hash rates have adjusted and ETF inflows resume back (negative to flat flows last 10…