Author: NBTC
The stock market hits a new high as S&P 500 reaches its 20th ATH. Bitcoin drops from $73,000 to $63,000 amid bearish technical signals. SEC approval of spot ETFs has increased demand for Bitcoin among investors. The stock market is on a roll as Bitcoin navigates choppy waters. Unlike the top cryptocurrency (BTC), major indexes are showing impressive gains. For instance, the S&P 500 climbed by 13.80 points, reaching its 20th all-time closing high this year. Stock Market going up, #Bitcoin going down.The last time this happened, it took $BTC 15 days to reverse with an 80% pump.Will history repeat…
Shiba Inu enthusiasts push for a substantial reduction in SHIB’s hefty circulating supply through more burns. Shiba Inu’s official burn tracker, Shibburn, is exploring the idea of burning SHIB on Binance using the token’s trading fees, mirroring the exchange’s approach to LUNC incineration. Consequently, Shibburn questioned whether Binance could extend its burn support to Shiba Inu. Imagine @Binance burning from the $SHIB trading fees just like they do for LUNC. Could it happen? 🤔 https://t.co/am2EMIQMU4 — Shibburn (@shibburn) July 9, 2024 Community Demands SHIB Burn from Binance Shibburn raised the question after prominent community figure Lola made a polite request…
Abiotic Factor released a major update dubbed “Crush Depth” on August 12th, the latest since the game launched into early access three months ago. The update features new improvements to the game, including new facilities to explore as well as tools, workbenches, and vehicles to capitalize on. Abiotic Factor, a narrative-oriented survival game, unveiled a major update to supplement the game’s early access, released in May. The upgrade, dubbed “Crush Depth Update,” incorporates additional areas for players to explore individually or in groups of up to six players. The upgrade introduced a dangerous security sector with dark secrets awaiting explorers.…
NetMind AI, a decentralized forum to democratize AI-based computing power, has started an exclusive collaboration with Io Net. The partnership between NetMind.AI and Io.Net focuses on expanding the machine learning and artificial intelligence solutions that will facilitate the consumers of both entities. The platform took to its official X account to provide the details of the respective endeavor. We are thrilled to announce a strategic partnership between @NetMindAI and @ionet! 🤝This exciting collaboration marks a leap forward in our commitment to advancing AI & ML tech through decentralised computing.By joining forces, NetMind and https://t.co/HTtz4K2Qo2 aim to… pic.twitter.com/GBbA6BjkKT — NetMind.AI (@NetmindAi)…
Bitcoin (BTC) has suffered pressure from a downtrend in June so far, according to the trader identified as Rekt Capital. A breakout from this trend, however, could spark a price reversal and put BTC back in its upward movement. #BTC Bitcoin has been in a constant downtrend all of June thus far (light blue) But break this downtrend line and BTC will initiate a price reversal$BTC #Crypto #Bitcoin pic.twitter.com/SgkVRoMsfA — Rekt Capital (@rektcapital) June 18, 2024 Notably, the price reversal wouldn’t be the start of a parabolic upward movement, but a local reversal. This means that Bitcoin would still be…
Alchemy Pay has announced the expansion of its services to support Chiliz Chain and its ecosystem tokens. This integration will enable users to seamlessly purchase Chiliz’s native token, CHZ, along with 13 Fan Tokens within the Chiliz ecosystem using fiat currencies. This strategic collaboration positions Alchemy Pay as a key ramp solution provider on Chiliz’s Developer Docs page and will soon offer direct ramp access via Chiliz’s official website. The collaboration highlights the growing demand for integrating fiat and crypto payment solutions within the sports and entertainment sectors. Currently, Alchemy Pay has integrated CHZ and multiple Fan tokens, including ACM,…
Hamster Kombat has sustained its success without resorting to venture capital, focusing on player engagement instead of seeking investors. The game, which has garnered 300 million users since March, is still going strong. This strategy points to the continued trend of Web3 projects favoring community-based growth over the support of traditional venture capital. Hamster Kombat Thrives Without Venture Capital Funding Hamster Kombat has never accepted venture capital funding and has always put its players first since its establishment. Nevertheless, the game has become popular and profitable, demonstrating a viable model that does not require outside investment. This decision is consistent…
Cleanspark, a publicly-listed bitcoin mining company, recently shared in its 10-Q report that it has acquired 26,000 units of Bitmain’s S21 XP immersion-cooled bitcoin mining machines. These types of cutting-edge immersion miners, known for their quieter operation and impressive hashrate performance, are gaining traction in the industry. Cleanspark to Acquire Next-Gen Immersion-Cooled Mining Rigs From Bitmain The bitcoin mining firm Cleanspark (Nasdaq: CLSK) disclosed that it has entered an agreement with Bitmain in the firm’s quarterly report to the U.S. Securities and Exchange Commission (SEC). “On August 7, 2024, the company entered into a future sales and purchase agreement with…
SoonVerse has announced a new partnership with Taker Protocol, a pioneering platform. It aims to transform liquidity management for Bitcoin (BTC) and its associated assets. It is built on the innovative NPoL (New Proof of Liquidity) consensus mechanism and compatible with Ethereum Virtual Machine (EVM). Moreover, Taker Protocol offers a fresh approach to liquidity solutions. 🐬𝐒𝐎𝐎𝐍𝐕𝐄𝐑𝐒𝐄 𝐱 𝐓𝐀𝐊𝐄𝐑 𝐏𝐑𝐎𝐓𝐎𝐂𝐎𝐋 🚀We’re excited to announce our partnership with @TakerProtocol, a groundbreaking EVM-compatible liquidity layer 1 for BTC and its generated assets, built on NPoL consensus. 𝐁𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐭𝐨 𝐒𝐨𝐨𝐧𝐕𝐞𝐫𝐬𝐞… pic.twitter.com/oUJ0segxkT — SoonVerse❤️AIGG (@soon_verse) August 13, 2024 SoonVerse and Taker Protocol Offer Enhanced Yield…
Bitcoin price is consolidating above the $64,000 level. BTC could try to follow Ethereum and recover if it manages to clear the $65,650 resistance zone. Bitcoin started a minor recovery wave above the $65,000 level. The price is trading below $65,500 and the 100 hourly Simple moving average. There is a short-term contracting triangle forming with resistance at $65,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a recovery wave if it clears the $65,400 and $65,650 resistance levels. Bitcoin Price Faces Resistance Bitcoin price extended its losses and traded below the…