Author: NBTC

Ethereum historically correlates strongly with Bitcoin’s price movements. Investor confidence in ETH grows as it sustains levels above $2,700. Multiple on-chain metrics indicate potential for an ETH breakout rally. Ethereum has shown a strong historical price correlation with Bitcoin. As BTC recently cleared the pivotal $51,000 level, hopes have emerged around Ethereum progressing towards the $3,000 milestone. Multiple on-chain metrics and derivatives market activity point to a potential ETH breakout rally. Investor Confidence and Ethereum Accumulation Grows After slipping below $2,600 amidst some CPI induced Bitcoin consolidation around $50k, Ethereum has found support above $2,700. The crypto market reversal after…

Indonesia, a trillion-dollar economy, is impossible to ignore. The country held its election on Wednesday with defence minister Prabowo Subianto and ex-governors Anies Baswedan and Ganjar Pranowo all competing to become the next president. In December, Indonesia’s Mayor Gibran Rakabuming Raka, a vice presidential candidate in Indonesia’s election, said he aims to accelerate Indonesia’s position as a leader in the digital revolution by cultivating expertise in blockchain and cryptocurrencies. Rakabuming Raka is the son of President Joko Widodo, speaking during an event on December 10 last year, the young mayor said: “We are preparing blockchain experts, we are preparing cybersecurity…

Token extensions are a feature that is enabled on the Solana blockchain that allows developers to incorporate features into their issued assets. These features have ranging functionalities, such as incorporating confidentiality or creating token-gated access for particular goods or services. In an interview with Blockworks, Solana’s head of strategy described the multiple use cases that token extensions enable and how it could bring institutional interest onto the blockchain. Keep reading for excerpts from Blockworks’ interview with Federa. Blockworks: Could you tell me a little more about token extensions on Solana? Federa: Token extensions are the culmination of about three years…

Bitcoin price is correcting gains from the $52,500 resistance. BTC must stay above the $50,500 support to remain in a bullish zone this month. Bitcoin price is struggling to clear the $52,800 resistance zone. The price is trading below $52,200 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $52,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase unless there is a clear move below the $50,500 support. Bitcoin Price Faces Hurdles Bitcoin price made another attempt to…

Frax Finance, one of the leading players in the DeFi industry, announced that the Ethereum Layer 2 network Fraxtal has become operational. The network is enabled today on a restricted mainnet for select partner applications. Frax Introduces Ethereum Layer 2 Network Fraxtal in Partnership with Key Apps Fraxtal is an Ethereum compatible optimistic Rollup developed using OP Stack. Fraxtal will join the ranks of Optimism’s Superchain ecosystem alongside Coinbase-backed Base. Currently, access to Fraxtal is limited to launch partners. These include Safe, Chainlink Oracles, and decentralized infrastructure providers such as Axelar and LayerZero bridges. It is expected that general users…

Macroeconomist Alex Krüger is detailing his outlook on how Ethereum (ETH) could pick up the pace from it’s slower than expected performance. In a new interview on the Bitcoin Suisse podcast, Krüger says Ethereum is currently the “slow horse” of the digital assets market, largely due to its size and its already-established presence in the space. However, the analyst says that the leading smart contract platform can turn it around if the narrative around spot market ETH exchange-traded funds (ETFs) gains prominence “All of us, we already hold ETH, so it’s harder for ETH to move. This does not mean…

According to breaking information, the court in the USA allowed the bankrupt cryptocurrency company Genesis to sell GBTC worth $ 1.3 billion. Genesis, a bankrupt cryptocurrency lender, has been given permission by the bankruptcy court to begin selling approximately 35 million Grayscale Bitcoin Trust (GBTC) shares valued at over $1.3 billion. The move is part of Genesis’ plan to compensate customers who lent it their digital assets. Judge Sean Lane announced today that he will accept Genesis’ request to convert the shares into Bitcoin or cash. Genesis stated that this process will be carried out gradually with the help of…

Developers of the Mask Network (MASK) altcoin announced that it has launched a second fund under its investment arm Bonfire Union. This marks a major milestone for the company, which has raised a total of $100 million since its founding in 2022. According to official sources, Bonfire Union aims to strategically invest in decentralized social networks and infrastructure. To date, more than 120 projects have joined the Mask Network ecosystem under the Bonfire Union umbrella. These include some of the fastest growing Web3 projects such as RSS3, Lens and Scroll. Suji Yan, founder of Mask Network, said the following about…

Bitcoin investors recently celebrated as the BTC price surpassed the $52,000 mark for the first time in two years. However, this joy may be short-lived due to an impending threat from Genesis, according to analysts. A bankruptcy court approved Genesis’ plan to sell shares of several Grayscale investments, including its 35.9 million shares in the Bitcoin ETF. The company’s Grayscale Bitcoin Trust (GBTC) shares are worth approximately $1.6 billion. This sell-off could put significant pressure on Grayscale and therefore the broader market. Genesis is expected to repay creditors in cash or cryptocurrency, depending on the type of currency they deposited,…

Since the ZKFair Mainnet sprang into action 48 days ago, it’s been a whirlwind of breakthroughs and blockchain prowess. From a Total Value Locked (TVL) that skyrocketed past $123 million in a mere six days, to over $100 million reimbursed to users, the journey has been nothing short of extraordinary. The rapid claiming of 97% of airdrops within three days and an impressive count of nearly 600,000 on-chain active addresses have marked ZKFair’s ascent in the layer-2 landscape. The collaboration with leading centralized exchanges like Bybit and KuCoin was established in record time, and on-chain staking has burgeoned to over…