Author: NBTC
Ethereum remains in a downward trend, with price action showing insufficient bullish momentum for a reversal. In the near term, the cryptocurrency is likely to enter a consolidation phase within a critical range, with mild bearish retracements seeming far more likely. By Shayan The Daily Chart On the daily chart, Ethereum has been in a sustained downtrend since getting rejected at its yearly high of $4K. The price has consistently formed lower lows and lower highs, creating a descending channel that reflects the overall bearish market sentiment. This pattern highlights the pessimism among market participants regarding ETH’s broader trajectory. Recently,…
Prominent crypto exchange CoinW has issued a daring projection for Shiba Inu, hinting that the meme coin could surge by over 7,627,665%. In a recent post on X, CoinW sparked conversation in the crypto community by asking members to express their views on which of a series of bold predictions for the top ranking could happen first in the crypto market. Shiba Inu to $1 Specifically, the exchange polled the crypto community to determine what is happening first: Bitcoin attaining the widely anticipated $100K target, Ethereum attaining the $10K price point, or Shiba Inu reaching $1. The poll also included…
The DLT Science Foundation (DSF) announced the launch of the MiCA Crypto Alliance on Sept. 16, with Hedera, Ripple, and the Aptos Foundation as founding members, according to a statement shared with CryptoSlate. The Markets in Crypto Assets (MiCA) regulation, recently approved by the European Union, aims to create a regulated digital asset environment that protects crypto users while promoting innovation. Standardized reporting MiCA sets strict disclosure requirements for Crypto-Asset Service Providers (CASPs), including centralized exchanges. These providers must disclose the climate impact of their operations and must share this data through white papers and online descriptions accessible to the…
EMURGO, a blockchain technology company known for its role in advancing the adoption of Cardano, has announced a major partnership with Zilliqa Group. Zilliqa, a Web3 and metaverse venture developer, specializes in supporting the luxury and entertainment sectors using cutting-edge Web3 technologies, including its own Zilliqa blockchain. The collaboration between EMURGO and Zilliqa Group goes beyond improving network interoperability. Both companies emphasize the need to enhance the security of their networks by developing more robust and interoperable liquidity channels. The goal is to provide a seamless user experience for developers and users across the Cardano and Zilliqa ecosystems. Zilliqa integrates…
Bitcoin’s price rebounded above $65,000 on August 2 after a Fed rate pause had triggered a 15% downtrend to $62,000. On-chain analysis explores how MicroStrategy’s latest $2 billion purchase could impact BTC prices as the month unfolds. Bitcoin Reclaims $65k After MicroStrategy’s $2B Purchase News Bitcoin price action over the last 72 hours has been subject to intense volatility amid a major clash between bearish and bullish market catalysts. The US government triggered the first phase of the bearish trend, after it followed up news of $2 billion sell-off from seized BTC holdings, with a largely unpopular Fed Rate pause…
Clearpool has just introduced Oxygen (O2), a creative liquidity layer meant to run Ozean. Designed by Clearpool, Ozean is a blockchain for Real-World Assets (RWA). With Ozean, real-world assets can be easily integrated into DeFi, and native yield can be accessed on-chain. 📢 Introducing Oxygen (O2): The #RWA Liquidity Layer driving the growth of #Ozean🌊! 💧O2 combines tokenized treasuries, RWAs, major crypto assets and yield-bearing tokens into a unified asset basket, supporting critical functionalities like swaps, lending, and… pic.twitter.com/B6juwGN0X3 — Clearpool (launching Ozean🌊) (@ClearpoolFin) September 18, 2024 Clearpool is a decentralized financial ecosystem that incorporated the first permissionless marketplace for…
The Ethereum Foundation has once again executed a sale of 100 ETH for 226,868 DAI, marking another small-scale transaction in its series of consistent weekly sales. The transaction occurred approximately one hour ago, adding to a trend that has seen the foundation divest 650 ETH, worth approximately $1.51 million, over the past three weeks. The average sale price for these transactions hovers around $2,323 per ETH. The Ethereum Foundation sold 100 $ETH for 226,868 $DAI again ~ 1 hour ago.Note that the Ethereum Foundation has consistently sold $ETH in small batches weekly for the past 3 weeks, totaling 650 $ETH…
Optimism (OP) has disabled permissionless fraud proofs, with a protocol engineer proposing a cautionary hard fork as a preventive measure. The proposal outlines the Granite network upgrade, responding to security vulnerabilities identified by third-party auditors. If the upgrade passes, it will deliver better security and performance to the OP Mainnet’s fault-proof system. Optimism Network Addresses Vulnerability Concerns Disabling permissionless fraud proofs and resorting to a permissioned one comes after audits revealed several bugs in the recently launched system. According to the report, the audit exposed two high-priority issues, leading the network to take extra precautions. Importantly, the Optimism team assured…
On the heels of tour stops in Arizona, Nevada and Detroit, the America Loves Crypto tour rolled into Wisconsin on Friday, September 13, where local Bitcoin and crypto voters in the state rallied in support of pro-crypto candidates for the upcoming US elections. At the Red Rock Saloon in Milwaukee, WI, more than 200 people — including founders, politicians and technology enthusiasts — congregated to ask the question: How can we support Bitcoin and crypto on Capitol Hill? The battleground state was split nearly down the middle in the 2020 U.S. Presidential election, with Biden and Trump receiving 1,630,866 and…
Slowly, then suddenly. The journey to transformative breakthroughs often follows this familiar pattern and this month may well be remembered as an inflection point in the acceleration toward real-time proving of transaction validity for blockchains. First, Polygon Labs went public last week with its purchase of Fabric Cryptography’s specialized chips – verifiable processing units (VPUs) – claiming a significant leap forward for zero knowledge (ZK) proving capabilities. Then, in collaboration with Optimism, a leading layer-2 blockchain, Succinct Labs separately unveiled a framework to upgrade optimistic rollup chains in the OP Stack into a ZK rollup – in just an hour.…