Author: NBTC
Sixteen years ago today, pseudonymous Bitcoin creator Satoshi Nakamoto took a pivotal step in the development of what would become the world’s first decentralized cryptocurrency — Bitcoin. According to Bitcoin historian Pete Rizzo, Aug. 18, 2008, stands as a landmark moment in the history of Bitcoin. On this day, Satoshi registered the domain Bitcoin.org, marking the beginning of a financial revolution across the globe. “16 years ago today, Satoshi Nakamoto registered the 1st Bitcoin website. Ever since, bitcoin. org has hosted his free code, a beacon of financial freedom to millions around the globe,” Pete Rizzo wrote in a tweet.…
This cycle can hardly be called favorable for those bullish on the major altcoin on the crypto market, Ethereum (ETH). Despite progress such as the approval and launch of several Ethereum ETFs, the price of ETH and its performance against major competitors like Bitcoin and Solana has been rather disappointing. At the end of the eighth month of the year, the price of the altcoin is below $2,600, which is only 14% higher than where it started the year. This would have been a lot for traditional financial markets but is considered nothing in crypto – especially when SOL has…
H.E. Justin Sun, the founder of TRON, has outlined a comprehensive strategic roadmap designed to strengthen TRON (TRX) amidst a volatile crypto asset market. Sun’s key objectives include integrating stablecoin payments, expanding the TRON team with top talent, and leveraging memes to enhance TRON’s resilience and popularity. These initiatives aim to solidify TRON’s market position and maintain its leadership in blockchain innovation. My focus for the future work: establishing stablecoin payments, building a more outstanding team, and focusing on memes on #TRON. What do you think? — H.E. Justin Sun 孙宇晨 (@justinsuntron) July 2, 2024 While major cryptocurrencies like Bitcoin…
Alchemy has acquired Bware Labs, the Romania-based blockchain infrastructure platform and application programming interface services provider. Web3 infrastructure platform Alchemy disclosed the acquisition in an announcement on Aug. 29, highlighting Bware Labs’ growth trajectory and suite of blockchain infrastructure and API services as additions that will help Alchemy execute on its product roadmap. Path to expansion into Europe According to Alchemy, acquiring Romania-based Bware provides a path towards Alchemy’s expansion into Europe. The company’s presence in Europe, which leads in the overall regulation of crypto via its MiCA rules, also offers the pathway to entry into other markets. Europe is…
After a week of intense volatility, Bitcoin (BTC) has surged past the $59,000 mark, driven largely by speculation surrounding a potential rate cut by the US Federal Reserve. However, despite this upward momentum, the cryptocurrency market remains in flux, with sentiments swinging between fears of a new bear market and hopes of skyrocketing prices. Amidst this uncertainty, an analyst known by the pseudonym Stockmoney Lizards suggests that Bitcoin’s next big move might surprise many. Instead of anticipating another dramatic spike, the analyst foresees Bitcoin entering a phase of steady, sustainable growth, indicating a shift in market dynamics that tempers the…
Ethereum (ETH) price could benefit from investors’ change in outlook as they move from selling to potentially buying. The indications arise from the drop in realized losses, which were at an 11-month high less than two weeks ago. Ethereum Investor Confidence Could Be Rising Ethereum’s price could come back from the lows of $2,500 it is currently hovering around. Consolidated under $2,681, the altcoin king has been looking for a breakout, which could come soon. The reason behind this is the halt in selling. Looking at the realized losses faced by ETH holders in the last three weeks, it can…
The fund’s focus will be on projects in the Bitcoin ecosystem, reflecting a trend in the last 18 months, whereby developers have sought to introduce utility to the world’s oldest blockchain network. The fund is anchored by Accolade Partners, a New York-based venture capital firm, which raised over $1 billion for three funds earlier this year. Lemniscap, a Cayman Islands-headquartered investment firm, said it raised a $70 million fund to back early stage Web3 projects. The fund will focus on projects in the Bitcoin ecosystem, reflecting a trend of the past 18 months, whereby developers have sought to introduce to…
Solana meme coin Billy (BILLY) has broken past a $100 million market cap as the “cute asf” dog becomes the second-largest token launched through Pump.fun. Billy was born on Pump.fun in early June. Soon after launch, the dev sold all of his tokens and the community took over the project. Now, the project’s social media accounts, Telegram, etc. all appear to be run by community members who stepped in when the original dev disappeared. According to SolScan, the dev sold all of his tokens within 20 minutes of launch. They sold the large majority of their tokens in one transaction…
Financial data and news service Bloomberg is incorporating election odds data from crypto betting platform Polymarket into its Terminal service, signaling growing institutional interest in blockchain-based prediction markets. Michael McDonough, Bloomberg’s chief economist for financial products, announced the integration on August 29. The move allows Bloomberg Terminal users to view Polymarket’s real-time US presidential election odds alongside data from other prediction markets and polling services. As the world’s leading financial data platform with approximately 350,000 subscribers globally, Bloomberg’s inclusion of Polymarket data represents a significant milestone for crypto prediction markets. The Terminal controls roughly one-third of the market share for…
Bitcoin (BTC) is still aiming to break past the $60,000 resistance during a period of price consolidation, with investors awaiting signs of a bullish breakout. Amid current market sentiment, Cycles Fan’s analysis in an X post on August 18 pointed out that Bitcoin might be primed for a new high by the end of the year. However, the cryptocurrency must overcome several hurdles to validate this bullish outlook. The expert emphasized the importance of Bitcoin’s interaction with the 50-week moving average (MA). Last week’s bottom around this critical technical level closely resembles the price action seen in June and July…