Author: NBTC
Bitcoin (BTC) remains stuck in familiar territory, consolidating below the $65,000 threshold, with its next directional move yet to materialize as uncertainty lingers. However, in a TradingView post on April 25, cryptocurrency trading expert TradingShot posits that Bitcoin is poised for a noteworthy breakout, drawing insights from its historical price actions. According to the expert, Bitcoin could be preparing for its most aggressive price movement yet, with a staggering target of $300,000. The analysis highlighted Bitcoin’s successful test and retention of the Mayer Multiple (MM) mean, a metric used to assess the current price of BTC relative to its historical…
Two new crypto funds are set to pass along staking rewards to investors. The crypto-focused subsidiary of Japanese investment bank Nomura offers exposure to Polygon’s native token, MATIC — as well as an additional yield. Laser Digital’s Polygon Adoption Fund will hold TruMATIC, the liquid staking token received for depositing MATIC into the TruStake vault, according to Mike Molloy, venture lead at WebN Group. WebN Group created the TruFin blockchain protocol, which has teamed up with DeFi protocols like Balancer and Chainlink to boost use cases for its TruMATIC token. Read more: And then there were 11: Another fund joins…
As of April 26, 2024, bitcoin continues to exhibit fluctuating fortunes, with the latest trading session closing at $64,095. Amid a wider range between $62,923 and $65,069 over the last 24 hours, traders are grappling with mixed signals across various technical charts and indicators. Bitcoin Bitcoin’s oscillators are predominantly neutral with the relative strength (RSI) index at 46 and other indicators like the Stochastic and commodity channel index (CCI) hovering around similar levels, suggesting a lack of clear directional momentum. Meanwhile, moving averages (MAs) paint a more pessimistic picture, signaling bearish sentiment across most short-term periods such as the 10,…
Dogecoin GigaWallet v1.0 is a back-end service designed to provide easy integration APIs for online businesses and should not be confused with a regular user wallet such as MetaMask or Trust Wallet. Dogecoin (DOGE), the largest meme coin by user base and market capitalization, has received the latest utility feature called Dogecoin GigaWallet v1.0, allowing for seamless mass adoption. According to Tuesday’s announcement, Dogecoin GigaWallet v1.0 is a software development component that provides seamless API integration. As a result, Dogecoin GigaWallet v1.0 is an essential stepping stone for any online store, social media and cryptocurrency exchange to enable Dogecoin payments.…
Bitcoin rallied from the $62,910-$62,300 support zone and traded long at $62,910. According to Coinotag analysts, BTC has a target of $65,800 and is expected to exceed this level. Otherwise, the decline may continue. Readers are advised to set an entry stop at $62,910 and set their targets at $65,800 and $69,000. Bitcoin’s technical analysis focuses on the target of $69,000 by breaking the resistance above $65,800 with the rise starting at $62,910. MEDIUM TERM BTC ANALYSIS 8-Hour BTC/USD Price Chart Looking at Bitcoin’s 8-hour technical chart, according to the analysis we shared yesterday, BTC fell to the $62,910 –…
Tether has added native USDT on Celo blockchain. Celo ecosystem partners across P2P payments, lending, and remittances will leverage the stablecoin in their operations. Tether’s USDT is now live on Celo, a mobile-first and EVM-compatible blockchain. USDT integration on the Celo mainnet bolsters the blockchain platform’s stablecoin adoption and real-world assets (RWAs). “This expansion introduces USDT to Celo’s robust ecosystem with over 1,000 partners in 150 countries, including Opera MiniPay’s ultralight stablecoin wallet in Kenya and Ghana, among other countries,” the Celo Foundation said in a blog post. Tether and Celo initially announced their partnership on March 11. At the…
In a recent announcement, cryptocurrency analysis company Arkham disclosed the reserves held by major centralized exchanges. The report provides a detailed breakdown of assets held by each exchange. Binance Binance, the world’s largest cryptocurrency exchange by trading volume, has a staggering total assets of $209.35 billion. The distribution of the main assets is as follows: BNB: $96.90 billion BTC: $40.56 billion USDT: $27.26 billion ETH: $13.72 billion FDUSD: $3.60 billion USDC: $2.50 billion WBETH: $2.26 billion SHIB: $1.74 billion PEPE: $969.15 million LINK: $863.28 million coinbase Amerika Birleşik Devletleri merkezli tanınmış bir kripto para borsası olan coinbase, 80,46 milyar dolar…
Billionaire investor and SkyBridge Capital founder Anthony Scaramucci founder Anthony Scaramucci has once again spotlighted Bitcoin (BTC) in his recent post about the coin. Taking to his official X page, Scaramucci noted that the United States dollar is far from losing its appeal. He showcased how the value of a dollar from 2020 is now worth just about 75 cents. The reduction in the value of the U.S. dollar, and technically, most fiat currencies prove that these Central Bank notes are not worth relying on as a store of value. The 25.14% compounded inflation rate recorded by Bitcoin is deemed…
Ethereum Name Service (ENS) has petitioned the United States Patent and Trademark Office (USPTO) to challenge the validity of a patent obtained by Unstoppable Domains (UD) in 2023. ENS claims that UD’s patent utilizes technology that ENS had developed and open-sourced. In a statement on social media platform X, ENS explained that UD obtained a patent for technology that ENS Labs developed with the intent of being open-source.. Both ENS and UD provide domain name and wallet services with top-level domains (TLDs) such as .crypto, .eth, and similarly branded names that form an affinity with the crypto space. ENS alleges…
Layer 1 blockchain Sui announced a partnership and collaboration with the banking service provider Revolut. According to the press release shared with Cryptonews, the partnership aims to bolster awareness and adoption of blockchain technology among Revolut’s user base of 40 million customers globally. It also wants to open “new avenues for Sui’s growth, particularly across Europe.” Sui To Enter Revolut Learn As part of the partnership, Sui will use Revolut’s Learn program and its educational content to educate “a relatively untapped” global audience of potential future crypto users at scale. The participants will learn about SUI’s underlying technology and growing…