Author: NBTC
The Bitcoin price continues to fluctuate wildly after crashing from its all-time high price above $73,000. This has triggered a wave of bearish sentiment in the market, causing a large number of crypto traders to go short on the pioneer cryptocurrency. As a result, these bears lose, risking a large amount if the Bitcoin price resumes its bullish rally. Bears Will Lose $7.2 Billion If Bitcoin Reclaims All-Time High In a post shared on X (formerly Twitter), crypto analyst Ash Crypto revealed an interesting trend concerning Bitcoin that has been developing. The screenshot shared shows that a large number of…
According to The Block, AltLayer is launching its token staking service. Accordingly, AltLayer enables staking of its native token ALT, allowing its owners to contribute to the economic security of its ecosystem. Sharing from the X account, the AltLayer team wrote: “ALT staking is now live. We are starting the phased launch of MACH Alpha. With staking, ALT holders can participate in the ecosystem and contribute to providing economic security. ALT staking kicks off phased launch of MACH Alpha. MACH Alpha was developed as an actively verified service on EigenLayer and to prioritize economic security. This service will support Optimism…
MetaLineX, a pioneering fully on-chain Web3 gaming platform, has enhanced its infrastructure by integrating Chainlink Price Feeds on the Arbitrum mainnet. This strategic move equips MetaLineX with reliable, tamper-proof price feeds essential for executing in-game payments and exchanges, thus bolstering user confidence in the platform’s transactional integrity. The initial integration focuses on the ETH/USD feed, selected for its robustness and seamless integration capabilities, ensuring that MetaLineX users experience a frictionless trading environment for in-game assets. Chainlink’s adoption by MetaLineX is pivotal, considering its reputation for securing significant DeFi protocols that manage substantial smart contract values. This integration not only fortifies…
Eternal gold bug Peter Schiff had a fierce warning for Bitcoin’s faithful on Wednesday, claiming the digital asset is on the verge of losing substantial and precarious technical price support. The popular economist and financial commentator tweeted that it’s “a long way down” if Bitcoin’s price drops below $60,000 again. Can Bitcoin Hold Above $60k? “It’s not looking good for HODLers,” wrote Schiff. “All the hard-core Bitcoiners are used to big drops. But the newbies who own the ETFs are in for a rude awakening.” It’s not looking good #HODLers. You guys need to hope #Bitcoin can hold $60K. Otherwise…
OpenAI’s ChatGPT’s absence in China has created a unique opportunity for a new wave of artificial intelligence startups in China, each vying to fill the void and establish themselves as leaders in the generative AI space. Backed by major regional investors, these startups are developing advanced AI systems capable of producing various content, from images and text to music, posing a major challenge to OpenAI’s global supremacy. Chinese Startups Challenging the Reign of OpenAI Four key startups have become leaders in China’s AI sector, each achieving unicorn status with valuations exceeding $1 billion. Zhipu AI, backed by giants like Alibaba…
Ripple’s (XRP) investors encountered transaction glitches on XRPL Ledger’s automated market maker (AMM) pools on Monday. The team advised users to refrain from funding AMM pools until further updates. Meanwhile, Ripple’s latest blog emphasizes that a team comprising tequ, XRPL community, RippleX, and Orchestra Finance quickly identified the AMM malfunction. The issues affected the payment engines, disrupting liquidity flow through automated market maker pools. The blog added that the developers have fixed the XRPL glitch and will release it upon reviewing and testing. Nonetheless, XRP Ledger validators should vote for the solution before official release. Further, 80% of the participants…
The storage and secure management of data and passwords is one of the most important aspects in the crypto and blockchain world, and more generally in all online environments. Encryption, intense as the art of “hidden writings” capable of converting plain text into encrypted text and vice versa, comes to our aid making it difficult for hackers to allow unauthorized access to certain networks and transactions. Let’s delve into the different methods through which encryption can protect valuable information and safeguard passwords. Symmetric and asymmetric password encryption in the crypto sector The most common formats of encrypted passwords Hash functions…
Bitcoin price failed to recover above the $65,500 resistance. BTC is again moving lower and there is a risk of more downsides below $63,000. Bitcoin started another decline after it failed to surpass the $65,500 resistance zone. The price is trading below $64,500 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $64,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could accelerate lower if there is a daily close below the $63,000 support zone. Bitcoin Price Faces Hurdles Bitcoin price started a recovery wave…
JPMorgan Chase, Bank of America and Citibank are keeping trillions of dollars in unknown and potentially risky assets off of their balance sheets, according to new data from the US government. The new numbers – compiled by the Federal Financial Institutions Examination Council (FFIEC) and first reported on by Wall Street on Parade – show JPMorgan Chase holds $3.227 trillion off-balance sheet, Bank of America holds $1.6 trillion off-balance sheet and Citibank holds $2.6 trillion off-balance sheet. The Federal Reserve defines off-balance sheet activities as “quite diverse in nature” and says they may include such instruments as firm loan commitments,…
Vanar, a popular layer 1 blockchain platform, has recently announced an exclusive partnership. The firm is reportedly collaborating with Stardust, a software platform enabling easy game development and blockchain onboarding of exclusive players, to facilitate the developers. The platform took to its X account to reveal the news of the new development. 📢 NEW ADOPTION ALERT 📢@VanarChain is excited to welcome @Stardust to our ecosystem! 🎮Stardust is revolutionizing Web3 gaming with its scalable, blockchain-agnostic platform, bridging the gap between Web2 and Web3 development. pic.twitter.com/R8rMcTL6Kh — Vanar (@Vanarchain) May 3, 2024 Vanar and Stardust Enter a New Partnership with Exclusive Integration…