Author: NBTC
Castle Island Ventures founding partner and Coin Metrics co-founder Nic Carter still predicts Bitcoin (BTC) hitting six figures this year amid a looming debt crisis. In a new Kitco News interview, Carter says that despite the recent market pullback, Bitcoin “undeniably” could reach $100,000 in 2024. “On the first of the year, I think Bitcoin was trading in the $30,000 range, maybe $40,000. I forecasted $80,000 at some point this year. We were very close to hitting that just recently. $100,000 would certainly not be out of the question this year.” Asked if $100,000 remains his price target in 2024,…
Ethereum’s (ETH) price is encountering a bullish scenario that could propel it to a multi-month high, which is being aided by whales. However, for this to happen, ETH would first need to secure a key price level as support. Ethereum Investors Push for Profit Ethereum’s price is witnessing the impact of the bullishness of whales. These large holders have sharply accumulated for the past week, enabling ETH to break out of its descending wedge. The addresses holding between 100,000 and 1 million ETH have added a little over 390,000 ETH, a supply worth $1.26 billion, bumping the whales’ holdings to…
Zilliqa is setting a new benchmark in EVM compatibility with its upcoming v9.3.4 update. This strategic enhancement is not just about keeping pace with technological advancements; it’s about setting the stage for more seamless and efficient blockchain interactions that could significantly improve how developers and businesses use Zilliqa. The Zilliqa team has been focused on refining the network’s EVM compatibility, responding to valuable community feedback from users and developers alike. The upcoming Zilliqa v9.3.4 upgrade is set to introduce critical enhancements that will streamline development and interaction processes on the network. These improvements are aimed at bolstering the reliability and…
New York Attorney General Letitia James said Genesis and the attorney general’s office will create a “Victims Fund” for creditors of Genesis. The fund will receive “up to $2 billion” from the remaining assets of Genesis. “If those creditors are not made whole based on today’s digital asset values, the Victims’ Fund will receive up to $2 billion from Genesis’ remaining assets,” the press release said. The settlement was approved by a bankruptcy judge late Friday after being challenged by parent company Digital Currency Group earlier this year. Genesis and the NYAG originally announced the settlement back in February. Read…
Humanity Protocol, a pioneer in digital identity solutions, has announced a strategic partnership with LayerZero, a leading interoperability protocol, aimed at transforming digital identity verification across more than 50 blockchains. This collaboration is set to enhance trust, security, and user verification in decentralized ecosystems worldwide.—At the heart of this partnership lies LayerZero, a trailblazing interoperability protocol renowned for equipping developers with indispensable tools for seamless data migration, token issuance, and dApp creation across a multitude of blockchain networks. By intertwining its capabilities with Humanity Protocol’s zkProofer Network, LayerZero assumes a pivotal role in upholding the integrity of decentralized governance and…
On the surface, the number of institutional holders listed for Bitcoin ETFs is showing signs of decline. The numbers just dropped, but with the data not being final, a more expansive picture is expected to emerge over the next 30 days. Such inconsistencies in data reporting can lead to confusion and, potentially, concerns about Bitcoin’s stability. However, these fluctuations in ETF holder numbers do not necessarily signal long-term trouble for Bitcoin. Financial markets are subject to rapid changes and can see quick turnarounds in investor sentiment and positioning. Reports that lag can often paint a misleading picture of the current…
Analysts at QCP Capital say the “resounding lack of interest” in the market and the approval of spot Ethereum ETF could “easily” pump ETH back to recent highs. While recent market data indicates a cautious atmosphere among investors regarding the potential approval of spot Ethereum exchange-traded funds (ETFs), the unexpected approval could trigger a short squeeze resulting in ETH reaching its recent highs, analysts warn. In a recent research report, analysts at QCP Capital said the ETH/BTC pair has dropped to levels not seen since February 2021, suggesting the market is “anticipating a rejection and a non-event.” However, QCP Capital…
Arweave (AR) recovered strongly to $35, remaining close to its weekly peak. Arweave is part of the new batch of projects that started trading in 2021, and is yet to recover the all-time high of above $80 achieved during the 2021-2022 bull market. AR traded at $35.07 with volumes close to $200M in 24 hours and $355K in liquidity for 2% slippage. AR remains in the green on the weekly chart, as the project entered the top 50 of coins based on market capitalization. 1/ Finding Zero-to-One innovations in crypto is my ultimate quest.The rare gems that change the game.Arweave’s…
The Blockchain Association urged a full House floor vote of the Financial Innovation and Technology for the 21st Century Act (FIT21) in a Monday letter to House Speaker Mike Johnson and Minority Leader Hakeem Jeffries. Blockchain Association Pushes House Floor Vote For FIT21 FIT21 (also known as H.R. 4763) is expected to be voted on in the chamber sometime this week. Its potential passage in both the House and the Senate would mark the first time the U.S. has seen crypto-oriented regulation. The letter, undersigned by crypto heavyweights including Ripple, Kraken, and Circle, pushes for a House vote on the…
Avalanche, a renowned blockchain platform, recently started a new partnership. According to the company, it is joining forces with Gamestarter (a well-known Web3 gaming forum) to release GameChain, which is already ready to launch more than 50 projects. Avalanche has published an exclusive post about this collaboration on its official web portal. The new GameChain project operates as a gaming-focused L1 operated by Avalanche. According to the company, it offers a transparent, efficient and secure environment for gaming transfers. The platform reportedly intends to create a cutting-edge ecosystem that encourages investors, players and developers. With over fifty projects under its…