Author: NBTC

In a new development, Worldcoin has revealed the beneficiaries of its Wave 1 Community Grants. These grants are designed to empower innovators and accelerate the development of the Worldcoin ecosystem. Following the success of the initial Wave 0, which took place late last year with a headstart of $5 million in funding across three grant tracks, Wave 1 grants have been awarded to 17 projects in many areas, including novel governance mechanisms, Secure Multi-party Computation (SMPC), and improved developer experiences. The aforementioned projects are expected to improve the Worldcoin ecosystem. It is worth noting that Wave 0 gave grants to…

The Seychelles National Assembly has approved a draft bill to regulate virtual asset service providers (VASPs). The bill requires license-seeking VASPs to establish a substantial presence in Seychelles, such as having a resident director and an office with competent staff. The law aims to balance innovation with anti-money laundering efforts, adhering to Financial Action Task Force (FATF) recommendations. Combating Risks of Virtual Assets The Seychelles National Assembly recently approved a draft bill to regulate virtual asset service providers (VASPs). According to a report, the bill, presented by Finance Minister Naadir Hassan, aims to complement Seychelles’ strategy for combating risks associated…

Marathon Digital executives met earlier this month with Democratic National Committee Chair Jamie R. Harrison and his advisors, the Bitcoin mining firm’s Senior Vice President of Government Affairs Jayson Browder told Decrypt. The revelation is another sign that Democrats are taking heed of the crypto crowd, despite the industry’s lack of representation in the party’s newly released platform. The meeting, which was held about a week ago, touched upon ways to mitigate the environmental impacts of Bitcoin mining, in addition to existing efforts to “reduce methane emissions [and] carbon emissions” related to the mining of the coins, said Browder. The…

Bitcoin’s price has been fluctuating between $57,815 and $61,815 for nearly seven days, with the 50-day simple moving average (SMA) at $61,662 providing persistent resistance. At the time of this writing, Bitcoin (BTC) ‘s price is $58,106.44, down 0.2% from an hour ago and 0.6% from yesterday. The value of BTC today is 5.2% lower than it was seven days ago. Also, in the last 24 hours, 57,708 traders were liquidated, totaling $221.55 million. The highest single liquidation order occurred on Binance – BTCUSDT for $10.83 million. According to Glassnode data, bitcoin’s recent price volatility can be ascribed in part…

DMarket reclaimed the top spot in daily non-fungible token (NFT) sales on Sunday after conceding the position to Bored Ape Yacht Club last week, according to CryptoSlam data. DMarket generated US$747,527 in secondary sales across 32,377 transactions, raising its all-time sales past US$490 million, now less than US$10 million away from the half-billion club. DMarket is an NFT collection that represents in-game virtual items of popular online games like Counter-Strike and Dota 2. It kicked off the previous week by leading the NFT market and held that position until BAYC took the spot on Wednesday. The second-ranking collection for the…

Bitfinex analysts said Ethereum’s (ETH) 40% decline following the launch of spot ETH exchange-traded funds (ETFs) in the US is an expected “sell-the-news” reaction. According to the latest edition of the “Bitfinex Alpha” report, Ethereum ETFs are facing substantial challenges as significant outflows continue to weigh heavily on Ether’s performance, exacerbating the asset’s underperformance relative to Bitcoin. The report highlighted the negative net flows of spot Ethereum ETFs — currently at $420 million in outflows — as the main force driving ETH’s price down in recent weeks. It added that heavy selling from market makers like Jump Trading and Wintermute,…

The first week of July has been a difficult one for the market. But amid the growing sell-offs, crypto whales loaded their wallets with some altcoins that some may term undervalued. Whales are large investors, and their influence on price cannot be underestimated. Therefore, market participants may need to keep an eye on Dogecoin (DOGE), Optimism (OP), and Pepe (PEPE), as they are among the altcoins crypto whales bought this week. Dogecoin (DOGE) Large Holders Overlook The Decline Like other cryptocurrencies, the price of DOGE tumbled. Specifically, the value has dropped by 23.76% in the last seven days. However, this…

Bitcoin’s weekly chart shows a bearish divergence, signaling a potential 20-30% drop. Analysts expect a significant downturn as Bitcoin nears key resistance levels. A Bitcoin decline may trigger a four-month ALT season, with altcoins potentially surging. Bitcoin’s weekly chart is flashing warning signs of an impending drop. The bearish divergence is unmistakable, with red lines illustrating the growing gap between price and momentum. As Bitcoin approaches the blue resistance line, marked by the blue circles, analysts are preparing for a significant downturn. The market has seen similar patterns before, and Bitcoin could be headed for a sharp decline. Hi everyone…

The most expensive CryptoPunk ever sold changed hands on Monday for an undisclosed sum, amidst a historic downturn in the value of “blue chip” NFTs. CryptoPunk #5822—one of nine ultra-rare Alien Punks in the collection of 10,000 Ethereum NFTs—previously sold for nearly $24 million to crypto executive Deepak Thapliyal back in February 2022. Early Monday, Thapliyal announced he had finally parted ways with his Punk, without disclosing who he sold it to, or for what price. Decrypt reached out to Thapliyal regarding the sale but did not immediately receive a response. On-chain data confirms CryptoPunk #5822 was sent from the…

Ethereum (ETH) has been trading below the $2,800 level, or the 21-day SMA, since August 8. Price analysis by Coinidol.com. Buyers tried to hold the price above the moving average lines last week but failed to do so. The upward movement encountered strong resistance at the 21-day SMA and 50-day SMA, which led to the decline. Long-term analysis of the Ethereum price: bearish Ether is correcting upwards and retesting the $2,800 resistance level or the moving average line. On the weekly chart, Ether will rally to the high of $3,200 or the 21-day SMA if buyers keep the price above…