Author: NBTC
The Walt Disney Firm and Epic Video games have joined forces to develop a video games and leisure universe. This partnership goals to develop the attain of Disney’s iconic tales and experiences globally. With a large funding of $1.5 billion, Disney is ready to amass an fairness stake in Epic Video games. The purpose is to ship an immersive gaming expertise that integrates with Fortnite and affords a ‘persistent universe’ the place gamers cannot solely play but additionally watch, store, and work together with content material from an unlimited array of Disney franchises, together with Pixels, Marvel, and Star Wars.…
Bitcoin broke over the $46,000 level twice in the past 24 hours for the first time since the approval of spot Bitcoin ETFs by the SEC, signaling a bullish return into most cryptocurrencies spearheaded by BTC. In particular, Bitcoin investors seem to be gearing up for action as the next Bitcoin halving approaches with an interesting time of withdrawal from exchanges. Serious money has been on the move from exchanges in the past 30 days, as shown by on-chain data. As a result, the Bitcoin balance across various exchanges has seen a drastic drop to the lowest level in six…
Charles Edwards, the founder of Capriole Investments, has recently provided an analysis in Capriole’s Update #13, predicting a significant upswing in the Bitcoin price to $58,000. His forecast is rooted in a detailed examination of market trends, ETF developments, technical patterns, and fundamental indicators. In-Depth Market Analysis Of The Bitcoin Market The analysis begins with a detailed look at the market’s recent behavior, focusing on the aftermath of Bitcoin ETF launches. Edwards points out, “Two months of chop and ETF readings under the microscope appears to be resolving to the upside as of writing.” He highlights the significant shift in…
Bitcoin was at ~$42,000 for weeks. It has finally broken the ceiling to surpass the mark of $46,000. BTC was last seen exchanging hands at $46,297.90, a rise of 3.995 in the last 24 hours. It further reflects a jump of 7.20% and 0.97% in the last 7 days and 30 days. The 24-hour volume is up by 16.21%. The US Securities & Exchange Commission’s approval of the Spot Bitcoin ETF applications is largely responsible for the reduction in the selling pressure that GBTC caused. It now aims to accelerate growth on the grounds of institutional adoption and regulatory developments,…
Polygon Labs, in partnership with Toposware, has revolutionized technology by introducing a Type 1 Prover that utilizes the zkEVM polygon. Such phenomenal advancements in blockchain technology enable any EVM chain to transition into a ZK L2 network and is integrated into the entire Polygon ecosystem via its Aggregation Layer without requiring complex integration. This discovery has the potential to revolutionize blockchain by lowering transaction fees, increasing transaction processing efficiency, and improving user experiences across all Polygon CDK (Chain Development Kit)-developed chains. The release of the Type 1 zkEVM prover marks a huge step forward in blockchain development, especially because it…
For the first time since the spot ETFs’ debut trade on January 11, Bitcoin (BTC) has surpassed $46,000. According to data from Coingecko, BTC had increased 3.4% in the previous day to $46,075 at the time of publication, maintaining a 6% increase over the previous seven days. Bitcoin Flexes Muscles, Reclaims $46K Level Despite the approval of several eagerly awaited exchange-traded funds that were meant to strengthen its institutional legitimacy, Bitcoin’s 2024 has had a rough start. However, things are improving as Bitcoin is now again trading above the $46k territory. Laurent Ksiss, a specialist in crypto Exchange-Traded Products (ETPs)…
Prometheum, an “alternative” trading platform for crypto “securities” assets, has recently announced the launch of its custodial services for Ethereum (ETH). This move has significant implications for the legal status of the second-largest cryptocurrency by market capitalization. Fortune Magazine reported that the company’s strategy is to compel regulators, particularly the Securities and Exchange Commission (SEC), to recognize Ethereum as a security. SEC Pressured To Settle Ethereum Legal Status Per the report, Prometheum, based in New York, has positioned itself as a compliant player in the crypto industry by claiming to have discovered a path to operate within existing laws. The…
Ethereum staking has been ramping up despite the poor performance of the ETH price over the past year. Liquid staking protocols such as Lido Finance have continued to see the amount of ETH being staked rise, and as a result of this continued interest in staking ETH, the total amount of supply that has been locked so far has reached a new all-time high. 25% Of All ETH Are Now Staked In an interesting turn of events, the total percentage of ETH supply that is being staked has crossed the 25% mark. This was made public by Lido Finance, which…
Tom Dunleavy, Partner and Chief Investment Officer (CIO) at MV Capital, recently elaborated on the reason for his price predictions for Bitcoin and Cardano. As part of his predictions, the crypto analyst had, at the beginning of the year, stated that Bitcoin was going to hit $100,000 soon enough. Why Bitcoin Will Rise To $100,000 In an interview with Scott Melker, Dunleavy alluded to the Bitcoin Halving as the reason why he believes Bitcoin will hit $100,000. Interestingly, he stated that this prediction was a “bit light” if the past post-halving numbers are to be considered. He noted how Bitcoin’s…
On-chain data shows an Ethereum metric is giving a bullish signal as the cryptocurrency’s price has broken past the $2,400 barrier during the past day. Ethereum Has Continued To Leave Exchanges Recently In a CryptoQuant Quicktake post, an analyst explained the recent relationship between the Ethereum price and data of the exchange netflow indicator. The “exchange netflow” here refers to a metric that keeps track of the net amount of the asset entering or exiting out of the wallets of all centralized exchanges. The indicator’s value is calculated by subtracting the outflows from the inflows. When the flow has a…