Author: NBTC
Although the price performance of Bitcoin (BTC) has slowed down in the past several weeks, the corrections appear to be a natural part of its cycle, particularly as they mimic its movements from the past cycles, and a renowned cryptocurrency expert has revealed Bitcoin’s next cycle top. As it happens, the price of the flagship decentralized finance (DeFi) asset has declined well below its recently attained all-time high (ATH) of $73,738 from mid-March this year and is currently trading in the area around $65,000, but its market cycle top could happen as early as the end of this year. Bitcoin…
Coinbase has hinted at the potential launch of a new product called “cbBTC,” sparking speculation that the US-based crypto exchange may be developing its own wrapped Bitcoin token. Coming soon. — Coinbase 🛡️ (@coinbase) August 14, 2024 Coinbase’s official account simply stated “cbBTC” followed by “coming soon” in a subsequent comment. An hour later, Jesse Pollak, head of Coinbase’s layer-2 network Base, expressed enthusiasm for Bitcoin and stated that Base would build a “massive Bitcoin economy” on its network. The cryptic messages from Coinbase and Pollak come just days after controversy erupted involving BitGo, the team behind Wrapped Bitcoin (WBTC),…
Cardano is making waves in the gaming industry with the release of ‘Chronoshot,’ a new blockchain-integrated game developed by RFLXT Studio. The game is now available on the Epic Games Store, marking a significant step in Cardano’s foray into blockchain gaming. Charles Hoskinson, the visionary behind Cardano, shared his enthusiasm on social media. His post on X, “Cardano Games on Epic makes me happy,” reflects his contentment and highlights the significant strides Cardano is making in blockchain-enabled gaming. Cardano Games on Epic makes me happy https://t.co/RuaLXOyHJj — Charles Hoskinson (@IOHK_Charles) July 9, 2024 RFLXT Studio, in collaboration with Cardano, is…
The High Court of Hong Kong has ordered key figures involved in the MANTRA DAO project to disclose financial records in response to allegations of asset misappropriation and unauthorized control. The decision came in the ongoing legal battle between RioDeFi and MANTRA DAO over who owns the latter entity. The case, brought forth by RioDeFi Inc. and MANTRA DAO Inc., has garnered significant attention from the crypto industry due to its potential implications for transparency and governance within the blockchain space. Ownership battle Among the six defendants are John Patrick Mullin, William Donovan John Corkin, Rodrigo Quan Miranda, and Jayant…
Dogecoin (DOGE) witnessed a massive exchange withdrawal earlier today. Notably, this transfer was made from a bankrupt crypto exchange. Whale Alert tweeted that over 103 million DOGE were transferred from Bittrex to an unknown wallet. The withdrawal is estimated to be worth around $11.2 million, at the current Dogecoin price. Back in November 2023, Bittrex Global announced its complete shutdown after an earlier closure of its U.S. arm. It was revealed that the platform would cease trading on Dec. 4 of that year. However, withdrawals from the defunct trading platform have been allowed for customers to transfer their assets. The…
Base, the tokenless blockchain by Coinbase, wrapped up its first year as a competitive L2 network. Base had a positive impact on multiple apps and the entire Web3 space. Base turned a year old, achieving on-chain results that placed it far ahead of other L1 and L2 networks. Promoted by Coinbase, the Base network did not require a token and depended on intuitive Web3 wallets to gain users. While the chain increased the overall fees generated, it was also relatively cheap for end users. In its first year, Base reported more than 27M registered wallets, while also accelerating the addition…
Following Bitcoin’s (BTC) ongoing attempts to establish its price above the $65,000 support zone, a trading expert believes that technical analysis points to a more bearish scenario. In a TradingView post on June 18, the expert, Alan Santana, noted that Bitcoin has faced a “strong rejection,” setting the tone for a bearish trend. Santana highlighted a double top pattern formed on May 21 and again in early June. This pattern typically signals a reversal from a bullish to a bearish trend, further reinforcing Bitcoin’s negative outlook. Additionally, the expert noted that a consistent decrease in trading volume supports the bearish…
THORChain’s user base surged by 41% in 2024, reaching over 510,000 unique users. THORChain’s total trading volume surpassed $71 billion, with a record-breaking $3 billion in weeks this year. In a tweet, on-chain analyst Hess shared the latest developments on THORChain. The network, which currently has 510,000 unique users and has conducted 19.7 million transactions, has seen its total trading volume exceed an astonishing $70 billion. This astonishing milestone demonstrates THORChain’s expanding significance and popularity in the decentralized finance (DeFi) industry. With 510,000 unique users and 19.7 million transactions, @THORChain’s total trading volume has exceeded 70,000,000,000 USD! Let’s Dive in👇…
Popular crypto price tracker Coinpedia Markets speculates that Shiba Inu (SHIB) could witness an astronomical rally after the U.S. SEC approves Ethereum (ETH) spot exchange-traded funds (ETFs). The analytics platform issued the forecast in an X post yesterday, speculating that SHIB’s price could surge between 10x and 100x following the approval of Ethereum spot ETFs. Top 10 #Altcoins Poised For 10-100X After The Spot #EthereumETF Approval 🚀 1. Pepe ( $PEPE)2. Ethereum Name Service ( $ENS)3. Bonk ( $BONK)4. Toncoin ( $TON)5. Render ( $RNDR)6. ShibaInu ( $SHIB)7. Ondo ( $ONDO)8. Turbo ( $TURBO)9. BabyDogeCoin ( #BABYDOGE)10. Byte (… pic.twitter.com/ax1zWvJ54F…
Elon Musk’s social media platform, X, initiates an antitrust lawsuit targeting major brands such as CVS Health and Unilever. CEO Linda Yaccarino argues that these brands have engaged in unlawful coordination to damage X’s business interests. GARM, a key defendant in the lawsuit, halts operations due to the financial strain caused by the legal action. The latest twist in Elon Musk’s battle against major advertisers could reshape the landscape of digital marketing. Stay informed with in-depth analysis and credible insights. Elon Musk’s X Battles Major Brands in Antitrust Lawsuit The ongoing conflict between Elon Musk’s social media platform, X, and…