Author: NBTC
Bitcoin price found support at $67,000 and started a fresh increase. BTC climbed above $69,500 and might continue to rise in the near term. Bitcoin started a decent increase above the $68,500 and $69,500 resistance levels. The price is trading above $68,500 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with resistance at $68,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it settles above the $69,500 level. Bitcoin Price Remains Traction Bitcoin price extended its decline below the $67,200…
Twelve new crypto wallets collectively withdrew 156,733 Ethereum (ETH), worth approximately $574 million, from Coinbase. This transaction occurred at an average price of $3,664 per ETH. However, despite this accumulation, the price of Ethereum has been struggling. Will Ethereum Price Drop 7%? According to data from the on-chain analysis platform Spot On Chain, 11 of these 12 crypto wallets withdrew about 13,059 ETH. Notably, one crypto wallet – 0xdfa, withdrew a slightly higher amount, 13,084 ETH. Concurrently, Ethereum’s availability on crypto exchanges has decreased significantly, reaching a seven-year low, as reported by the on-chain data from Glassnode. Lark Davis, an…
AI and crypto combined could add a total of $20 trillion to the global economy by 2030, the report said. Bitwise notes that bitcoin miners have all the resources that AI firms need. Crypto and AI have the potential to intersect in other areas other than mining such as information validation and virtual assistants. Artificial intelligence (AI) and crypto could add a combined $20 trillion to the global economy by 2030, asset manager Bitwise said in a report on Wednesday. “The intersection of AI and crypto is going to be even bigger than people imagine,” senior crypto research analyst Juan…
Gaming-focused layer-1 blockchain Saga has announced an airdrop campaign so huge, the team is calling it: Power-Level Over 9000! It’s a “Dragon Ball Z” reference that spawned a memorable internet meme, and now it’s conveying the scale of this sizable rewards push. In partnership with over 100—not quite 9,000—projects and games across various blockchain networks, users who stake their SAGA tokens will be eligible for bundles of token and NFT airdrops “over the coming months,” the announcement says. Each airdrop is grouped in “vaults” that feature multiple projects giving out various prizes. Notable games across various chains, such as Avalanche…
Key Points: Zimbabwe gathers public and industry opinions on cryptocurrency regulations to align with global trends and best practices. A government committee is consulting with crypto service providers, both domestic and international, to understand the full picture of the crypto landscape. Stakeholders are encouraged to submit their suggestions by June 26 to help shape the future regulatory policies in Zimbabwe. The Zimbabwean government has invited public opinion on crypto asset regulation to formulate elaborate policies on regulation in this relatively new area. According to the Herald, this forms part of Zimbabwe’s POLAD efforts, which stem from the global trend of…
According to data from June 3, an entity with eight wallets created in 2013 moved 200 BTC valued at $13.87 million after the funds remained untouched for over 11 years. If sold today, the value of these bitcoins has increased by 197,785% since their acquisition. Spending 200 Bitcoin Unveils Previous Transactions From 2013 On Monday, a bitcoin (BTC) holder who acquired funds in early 2013 spent 200 BTC worth $13.87 million based on the June 3, 2024, exchange rates. The bitcoins were obtained between mid-February and late March 2013, when BTC traded between $25 and $35 per coin. This means…
As Ethereum (ETH) retests the $3,500 low amid the market-wide drop, CryptoQuant analyst ShayanBTC suggests the asset could face further declines if current trends in the futures market do not improve. The recent market turbulence has driven multiple altcoins to their lowest levels in weeks. Notably, Ethereum recently slumped to the lower spectrum of the $3,500 threshold for the first time in over three weeks, retesting the $3,503 low earlier today. Amid the bearish conditions, investor anxiety has returned. Data from the futures market indicates that market participants have turned bearish, betting on steeper declines and a sustenance of the…
According to Fortune, venture capital company CMT Digital plans to raise $150 million in capital for its fourth fund, which will focus on long-term cryptocurrency investments. CMT Digital had previously raised $25.5 million, $130 million and $100 million in its first three funds, respectively. If the company manages to raise the $150 million it targets for its fourth fund, this fund will be the company’s largest fund. Investment partner Sam Hallene told Fortune about CMT Digital’s fourth fund that the firm is thinking long-term, investing heavily in companies whose vision is promising within three to seven years. Citing Helium (HNT)…
Polkadot’s OpenGov Watch has landed a Decentralized Futures Grant, speaking volumes of the dedication and support by the ecosystem. One of its main missions is to ensure that the Polkadot governance participants come up with strategies to offset the existing challenges within the ecosystem. Polkadot (DOT), a protocol that connects blockchains, has taken to X (Twitter) to unveil OpenGov Watch in a strategic move that seeks to expose it to its 1.4 million followers. Introducing this groundbreaking initiative to its users, Polkadot disclosed that OpenGov Watch is the latest recipient of a Decentralized Futures Grant, and was founded to turn…
UK Prime Minister Rishi Sunak recently announced a snap election, placing the country’s political situation into uncertainty and turmoil. In response, crypto executives have turned to the competition to gather support and lobby for clearer crypto regulation. According to a report from Bloomberg, two nights prior to Sunak’s announcement, crypto executives gathered on a House of Commons terrace, mingling with lawmakers over wine and canapes. This event was, according to Bloomberg’s sources, organized by US-based crypto exchange Coinbase Global Inc. and its adviser, former Conservative Chancellor George Osborn. This session was claimed to be part of a concerted effort to…