Author: NBTC
PLEXUS, a popular cross-chain bridge aggregating company, has recently announced another development. As per the platform, it is introducing the Theta Algorithm V2 to begin an exclusive epoch of cross-chain operations, enhancing the user experience. On its official X account, the firm disclosed this development. 🚀 Big News! PLEXUS unveils Theta Algorithm V2! Multi-Layered Transactions: Theta V2 uses machine learning to optimize liquidity across chains, considering fees, gas costs, slippage, and price impact for the best trading experience.Enjoy faster, safer, and more scalable… pic.twitter.com/me6GiLMQSv — PLEXUS | We’re Hiring! (@plexus_fi) June 5, 2024 PLEXUS Releases Theta Algorithm V2 to Improve…
Indicators are now strongly hinting that Bitcoin’s (BTC) recent rallies have a lot more gas left in the tank and that much bigger gains are about to be witnessed, a closely followed crypto analyst says. The pseudonymous analyst known as TechDev tells his 444,000 followers on the social media platform X that Bitcoin is currently pushing up on the 2x multiple of its 350 daily moving average (DMA) while it consolidates near all-time highs. TechDev also notes that BTC’s moving average convergence divergence (MACD) indicator on the two-month chart has simultaneously flipped green. The analyst says that together, the three…
AMSTERDAM, June 5 (Reuters) – Banks which for years have talked about creating ‘tokenised’ versions of assets like bonds and currencies say a shift to blockchain-based trading is taking longer than expected, with some investors cautious about the idea. By creating tokenised assets – usually blockchain-based tokens to represent holdings of mainstream assets such as currencies or bonds – banks hope to make it more efficient, faster and cheaper to trade, and easier to record who owns want. Consultants and digital asset executives predict that a significant proportion of the world’s assets will be tokenised via blockchain – HSBC and…
A massive transfer of 100 million XRP has sparked speculation about the involvement of Ripple, amid market volatility and CTO’s transparency assurance. The cryptocurrency community has been alerted to a substantial transfer of 100,000,000 XRP, equivalent to approximately $53,477,708. On-chain data confirms that the massive fund flow occurred today at 04:06 AM (UTC). 🚨 🚨 🚨 100,000,000 #XRP (53,477,708 USD) transferred from unknown wallet to unknown wallethttps://t.co/HvqqMlsxZB — Whale Alert (@whale_alert) April 22, 2024 Notably, both the sending and recipient address are labeled unknown, stirring speculation regarding their identities. While concrete confirmation is lacking, data suggests a potential link to…
Late Saturday, an Ethereum layer-2 network called Linea found itself stuck between a rock and a hard place. Using an exploit, attackers had drained $2.3 million worth of ETH from a decentralized exchange that operates on Linea, called Velocore. Unable to reach the Velocore team, Linea’s leadership made the decisive call to freeze all transactions across the network in an effort to prevent further malfeasance. The plan worked: Linea users were insulated from additional losses. That’s when the trouble started. Crypto users immediately decried Linea’s actions across social media, arguing that the company had violated the industry’s core principle, decentralization.…
Bitcoin’s price remains relatively stable, hovering between $68,000 and $71,000, despite touching the $70,000 mark again recently. Amid this sideways movement, analysts remain optimistic, citing bullish indicators that suggest a potential breakout on the horizon. Adrian Zidanic, a respected analyst and part of the Crypt BB analyst group, has highlighted a bullish ascending triangle forming in Bitcoin’s chart during this period of consolidation at the “Thinking Crypto” podcast. Zidanic anticipates a breakout soon, with a target price of $86,500. While acknowledging the possibility of unforeseen market movements, Zidanic’s analysis points to a higher probability of a bullish scenario playing out.…
GameStop shares popped 16% to over $31 on Wednesday after Gary Gensler, chairman of the Securities and Exchange Commission (SEC), was asked about Keith Gill. Better known online as Roaring Kitty or DeepFuckingValue, the meme stock influencer was brought up by the hosts of CNBC’s Mad Money. Before they could finish asking a question about Gill’s online return, Gensler interrupted to address the show’s audience directly. Describing the SEC as a cop on the beat, Gensler said the agency investigates the behavior of financial market participants as one might expect. But, “following the facts and the law,” he said the…
The second-largest meme token, Shiba Inu (SHIB), has raised $12 million through its TREAT token to develop its new privacy-focused Layer 3 blockchain, The Block reports. Accordingly, the SHIB team raised $12 million from venture capital investors outside the US through its unreleased token, TREAT. It was stated that TREAT investors include Polygon Ventures, DWF Ventures, Animoca Brands, Mechanism Capital, Big Brain Holdings, Shima Capital, Morningstar Ventures, Woodstock Fund, Stake Capital and Comma 3 Ventures. Shiba Inu lead developer Shytoshi Kusama said: “First of all, I would like to point out that none of the companies participating in the investment…
In an exciting development for the world of web3 gaming, Immutable has announced that The Mystery Society, a new social deduction game, will be launching on its zkEVM platform, powered by 0xPolygon. The game is a fresh endeavor by The Mystery Society, which recently secured $3 million in funding to bring their vision to life. Developed by a team of industry veterans from Disney and Club Penguin, The Mystery Society is poised to redefine the social gaming landscape. The launch on Immutable’s platform represents a significant milestone for The Mystery Society. It marks not only an expansion of Immutable’s portfolio…
Bitcoin’s price has been going through a consolidation phase over the past month, failing to continue its rally higher than $75K. Yet, things might be about to change soon. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been forming a large triangle pattern around the $70K mark. Depending on the direction of the potential breakout, these patterns can signal a reversal or continuation of the trend. Currently, the market has reclaimed the $68K level and is moving toward the higher boundary of the pattern. If a bullish breakout occurs, a rally toward higher prices…