Author: NBTC
Bitcoin (BTC) has once again failed to breach the $70,000 resistance zone, exhibiting volatility in the last 24 hours, with the crypto dropping to below $67,000 at some point. Indeed, Bitcoin failed to capitalize on Republican presidential nominee Donald Trump’s bullish sentiments about incorporating the crypto into the United States Treasury. Despite Bitcoin’s short-term price volatility, analysts maintain that the maiden crypto is destined for a new all-time high. Particularly, in an X post on July 27, analyst apsk32 indicated that Bitcoin’s historical price movement models have a target of about $200,000. The analyst detailed an examination of Bitcoin’s price…
Curve DAO’s native token (CRV) has been making waves after an impressive 36.8% gain in the past seven days. This surge has drawn the attention of investors and analysts alike, prompting questions about the underlying factors driving this remarkable price movement. One plausible reason for the CRV rally is the imminent reduction in CRV inflation. As shown in the image above, the year 2024 marks the final year of the Core Team’s CRV allocation vesting. After August 12th, 2024, all newly minted CRV tokens will be distributed to the community through gauges. This shift in distribution mechanism is expected to…
REI Network has announced an exciting new partnership with Solder AI, shared through REI Network’s official account on X. This collaboration aims to combine REI’s high-performance, zero-fee blockchain with Solder AI’s innovative infrastructure. Together, they plan to enhance AI capabilities. In addition, they will expand opportunities in decentralized finance, GameFi, and non-fungible tokens. We’re thrilled to announce the partnership between #REINetwork and @0xSolderAI! By integrating REI’s high-performance, zero-fee blockchain with Solder AI’s cutting-edge infrastructure, we’re scaling AI capabilities and expanding DeFi, GameFi, and NFT possibilities. Together,… pic.twitter.com/36zhT53eon — REI Network｜From #GXChain! (@GXChainGlobal) September 27, 2024 New Partnership Encourages Developers to…
In a recent speech at the 2024 Bitcoin Conference, Donald Trump, the former President and 2024 presidential candidate, outlined a series of bold pro-cryptocurrency policies that could potentially reshape America’s digital asset landscape. His remarks offered a glimpse into a future where cryptocurrency and blockchain technology could play a central role in U.S. economic strategy. During his address, Trump emphasized his commitment to integrating Bitcoin more deeply into the national economic infrastructure. Among his pledges were the dismissal of current SEC Chairman Gary Gensler and the establishment of a strategic national Bitcoin stockpile, signaling a robust governmental embrace of digital…
The crypto ecosystem is abuzz as a new meme coin, CATDOG, captures attention. It’s not just its quirky name drawing eyes but the brewing controversy around it. While many famous influencers are promoting it, others warn that it is a scam. Bubblemaps Reveals CATDOG Supply Concentration Recently, pseudonymous crypto influencers like Cyclop, Klarck, Rekt Fencer, Ardizor, and Symbiote took to Twitter, subtly promoting CATDOG. They hinted at a potential market cap explosion from its current $69 million to billions. However, a deeper look suggests a more troubling narrative. Blockchain analytics firm Bubblemaps has issued warnings regarding CATDOG’s market movements. Their…
Bedrock, a multi-asset liquid staking protocol, is adopting Chainlink Proof of Reserve (PoR) to enhance its minting function’s security after the protocol was hit by a security breach that led to a $2 million loss in assets today, said the team in a recent statement. The team said the move would help fortify the Bedrock protocol against future exploits. Chainlink’s PoR, trusted by the leading asset manager 21Shares, will provide automated and verifiable onchain checks to ensure the correct backing of reserves, preventing malicious minting and protecting against manipulation, Bedrock stated. “Integrating Chainlink Proof of Reserve is a critical step…
TRON founder Justin Sun has publicly called on Elon Musk to bring back the Bitcoin emoji on X, formerly known as Twitter. The digital currency symbol, once a common presence in Bitcoin-related discussions on the platform, has mysteriously disappeared. The mystery surrounding the disappearance of the Bitcoin emoji has caused concern among members of the crypto community, particularly those active on X. The platform has historically served as a central hub for cryptocurrency discourse, with its user base often at the forefront of industry trends. The Bitcoin emoji was a shorthand for the digital asset, decorating conversation and engagement. Musk…
A major whale has just made huge moves with Pepe (PEPE), one of the most popular meme coins on the market. This movement has created significant buzz on the market, leaving many stunned. Moreover, it came at a time when the PEPE price is struggling to move to higher levels. As per Spot On Chain, a crypto whale named “cookislandstrust.eth” has been trying to buy Pepe coins today. Notably, this will not be the first purchase of the meme coin by this large investor. The on-chain tracking service revealed some recent accumulations from the whale. Pepe whale ignites buying spree…
Micro3 has announced the successful integration of the BNB Chain Greenfield Mainnet, a move that promises to transform the NFT landscape through decentralized storage solutions. This great news was posted on Micro3’s official X account and exhibited the company’s vision to be an innovator in the realms of blockchain. 🎉Micro3 integrated BNB Greenfield Mainnet@Micro3io is excited to share our successful integration of @BNBCHAIN Greenfield Mainnet. We’re poised to revolutionize the Platform NFT landscape through decentralized storage, providing dependable and budget-friendly solutions to… pic.twitter.com/WBN1M9Qhgb — Micro3 (@Micro3io) October 23, 2023 Micro3 Promises Affordable NFT Solutions with BNB Integration In this regard,…
Economist Alex Krüger says that Bitcoin (BTC) and crypto are in a supercycle, expecting the market phase to be more than a meme this time around. In a new discussion on the A blocmates Orange podcast, Krüger says that Wall Street and the traditional finance world have “dramatically” changed the market structure of digital assets. Because of the new nature of the crypto markets, Krüger says volatility to the downside will be much more limited and that buying pressure will vastly increase due to pressure from Wall Street to increase their exposure to digital assets. “The way we see it…