Author: NBTC
In an unprecedented event that has captured the attention of investors worldwide, Bitcoin (BTC) has recently broken past the $73,000 mark, setting new records and rekindling interest in the cryptocurrency market. However, despite this remarkable milestone, the market’s initial euphoria appears to be waning, giving way to more stabilized levels of volatility and a recalibration of investor expectations. According to data and analysis shared by Greeks.live, a renowned analytics platform in the cryptocurrency sphere, there has been a noticeable shift in market dynamics following Bitcoin’s surge. The platform’s tweet highlights that the bullish momentum that propelled above $70,000 has moderated.…
Pantera Capital’s Liquid Token Fund, valued at approximately $300 million, reported a 66% profit in the first quarter. The fund’s performance was primarily driven by the altcoins Solana (SOL), Ribbon Finance (RBN), Aevo and Stacks (STX). The fund has significantly reduced its exposure to Ethereum-linked tokens, considering factors such as the reduced likelihood of the United States approving a spot Ethereum ETF. The fund’s performance from January to March was also supported by gains in digital assets such as RBN, Aevo and STX, according to a shareholder letter seen by Bloomberg. Bitcoin rose 67% in the first quarter, reaching a…
In a remote region of Kenya, a group of Bitcoin miners has found an innovative way to power their operations and bring electricity to rural homes. Located near Hell’s Gate National Park, the miners have set up shop at the site of an extinct volcano, where they utilize a mobile container equipped with solar power and energy from a nearby geothermal site. This unique setup allows them to mine Bitcoin while simultaneously electrifying local communities. The venture is led by a startup called Gridless, backed by Jack Dorsey’s Block. Gridless Operates Six Mines Gridless operates six mines across Kenya, Malawi,…
ZNS Connect, the premier decentralized communication ID platform, is thrilled to introduce the ZK-powered Layer 2 network and development hub, XLayer. In turn, XLayer links the OKX and Ethereum communities, as it paves the way for collaboration in the ever-growing Web3 sphere. 🎲 Now Introducing XLayer Integration from OKX!Prepare to dive into the future with @XLayerOfficial , a ZK-powered layer 2 network connecting the @okx and Ethereum communities. It enables users globally to engage in a seamless on-chain ecosystem.🔗 Mint your .xlayer domain… pic.twitter.com/sgihARfGaz — ZNS Connect 🛡️| Mainnet Live (@ZNSConnect) April 20, 2024 ZNS Connect and XLayer Revolutionize Domain…
Bitcoin’s surge to new all-time highs signals its entry into the euphoria zone, accompanied by substantial capital inflows driven by the success of spot Bitcoin ETFs. Bitcoin has finally entered the fourth cycle in its history as its price keeps growing beyond the $70,000 mark, Glassnode analysts said, adding that the interest surrounding the cryptocurrency appears to be transitioning it into the euphoria zone. Bitcoin’s euphoria zones by cycles | Source: Glassnode According to on-chain data analysis, the Bitcoin Realized Cap, a measure of the total wealth stored in BTC on-chain, has surged to a new high of $504 billion,…
Zeus Network secures $8 million in funding for Solana blockchain enhancement. Backed by top VC firms, Zeus aims to foster Web3 connectivity through its proprietary layer. Anatoly Yakovenko’s endorsement adds credibility; $ZEUS token launch marks milestone. In a significant stride within the crypto sphere, Zeus Network has successfully raised $8 million in funding, signaling a pivotal moment in the evolution of the Solana blockchain ecosystem. This infusion of capital, backed by prominent venture capital firms and investors such as Mechanism Capital, OKEx Ventures, and UTXO Management, underscores the growing confidence in Zeus Network’s mission to bolster the Solana blockchain. The…
Regulated digital asset exchange Archax seeks to revolutionize institutional investors’ engagement with digital assets by partnering with Hedera Hashgraph. Leveraging Hedera’s bank-grade security and performance, Archax thus aims to provide a trusted platform for trading and custody of digital assets. UK-based regulated global digital asset exchange Archax is currently gearing up for a transformative regulated global digital asset exchange. The exchange seeks to change the way how institutional investors engage with digital assets. As a result of this, Archax has partnered with Hedera Hashgraph while leveraging the network’s bank-grade security and performance, per the Crypto News Flash report. Thus, Archax…
The world’s biggest digital currency, after soaring to an impressive peak of $72,000, encountered a swift and sharp decline, tumbling down to $68,900 within a short span. This sudden shift in market dynamics came hot on the heels of an apparent surge in FOMO (fear of missing out), as evidenced by an uptick in bullish chatter and buying-related calls across trading platforms and social media. Upon examining the BTC/USD price chart, we observe a steep and rapid ascent leading up to the recent high, a trajectory that was mirrored by a correspondingly sharp downturn. This pattern highlights Bitcoin’s well-known volatility,…
Ripple Chief Technology Officer David Schwartz (known as “JoelKatz” on X) has published another cryptic tweet that has caught the attention of the XRP community. This time, he posted a photo of a logo placed behind a shop-window. The company’s logo has “Sunscream” written on it. The XRP community quickly responded to Schwartz’s tweet, sharing their associations with the word “scream.” Many, however, started to ask questions about the XRP price and Ripple’s future stablecoin in the comments, ignoring the tweet itself. Hey what’s the ripple stable coin going to be called? — XRP_Bandit💰 (@Chief_XRP) April 5, 2024 Schwartz is…
Gelios, an accomplished player in the cryptocurrency space, has announced a promising new partnership with TREX20, a forward-thinking sector leader in GameFi. By using the method technology of blockchain and Bitcoin Protocol, this partnership will transform the world of gaming. Gelios x Trex20We’re thrilled to announce a strategic alliance with @trex20_official, a leading innovator in the GameFi space, built on the Bitcoin Protocol.🔸 Expanding Gelios Ecosystem🔸 Seamless Integration with Trex20🔸 Joint R&D Efforts🔸 Collaborative Marketing… pic.twitter.com/6ALKIyJXQG — Gelios (@GeliosOfficial) April 21, 2024 TREX20 Revolutionizes GameFi with Comprehensive Platform TREX20 is a frontrunner in the GameFi industry and offers a platform…