Author: NBTC

Bitcoin price recovered and climbed above the $64,000 resistance zone. BTC is now facing hurdles near the $65,500 and $66,000 levels. Bitcoin is now struggling to gain pace for a move above the $65,500 resistance zone. The price is trading above $64,000 and the 100 hourly Simple moving average. There is a key contracting triangle forming with resistance at $65,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh surge if it clears the $65,500 resistance zone. Bitcoin Price Starts Increase Bitcoin price found support above $60,000 and started a fresh…

Three Solana-based meme coins to watch this week as the market prepares for another bullish round. The crypto market is about to enter the second phase of this ongoing bull season after the past weeks of downturn. With the recent recoveries, investors may be wondering which altcoins are worth the buy as the bull gradually emerges. Typically, meme-based altcoins come to mind as they have repeated histories of leading the frenzies in a bull market. However, meme coins launched on the Solana blockchain stood out in the initial phase of this bull cycle. According to a research report by market…

A businessman from Hong Kong, linked to four individuals implicated in the kidnapping of a cryptocurrency investor, was recently taken into custody after surrendering to law enforcement. Authorities allege that the vehicle used in the investor’s abduction is owned by the businessman’s family. Crypto Investor Fails to Repay More Than $1.9 Million Hong Kong law enforcement recently detained a 70-year-old businessman accused of involvement in the disappearance of a cryptocurrency investor. According to a report in the South China Morning Post, the businessman and his 30-year-old son were arrested shortly after surrendering themselves. The pair is alleged to be part…

Russian energy firms are preparing to “hunt down” private crypto miners and crack down on people mining cryptoassets at home, a report claimed on May 12. The media outlet Izvestia said the Russian Government Expert Council was preparing to send fresh mining-related proposals to the Cabinet. Lawmakers want to bundle the proposed measures in a new package of crypto laws. These laws also aim to legalize industrial crypto mining and ban most domestic exchanges. ⚡️ Russian Government Crypto Chief: Mining Regulation Is Our Priority The Russian government’s crypto working group chairman believes Bitcoin (BTC) mining regulation is now a priority…

After experiencing a period of high fees, onchain transfer costs on the Bitcoin network have decreased significantly. On Friday, the fees peaked at $240 per transaction, but by now they have fallen to just $11.06 each. Since reaching block height 840,179, miners are now earning less bitcoin in rewards compared to before the halving event at block 840,000. Miners Now Earn Less Bitcoin Than Before Recent Halving Initially, following the halving, the average onchain fee soared to over $240 per transaction around 9 p.m. EDT on Friday. As of 8 a.m. EDT on Sunday, the cost for a high-priority transaction…

Kraken’s lawyers have asked a court to dismiss SEC’s claims against to avoid a “significant reordering” of the U.S. financial regulatory structure. The matter appears to be boiling down to whether the SEC has jurisdiction over the cryptocurrencies Kraken listed. Crypto exchange Kraken has asked a U.S. court to dismiss the claims brought against it by the U.S. Securities and Exchange Commission (SEC) to avoid a “significant reordering” of the U.S. financial regulatory structure, according to court filings submitted in the Northern District of California on Thursday. The SEC initially sued Kraken last November, alleging it did not register as…

Gold bug Peter Schiff has once taken to social media to lambast Bitcoin, calling it “a failure.” This time, he took issue with the cryptocurrency’s exorbitant fees. Schiff pointed to the fact that the cost of a single Bitcoin transaction soared to a whopping $128. This prevents the cryptocurrency from functioning as a viable digital currency, according to the market commentator. “The cost to actually use Bitcoin as a currency is prohibitively high for almost all transactions. It’s a failure,” Shiff said. As reported by U.Today, Bitcoin generated an astonishing $78.3 million in fees on Apr. 20, dwarfing Ethereum’s fees.…

Nakamoto Games makes bullish reveals further propelling the project in a bullish track. The project has joined Nvidia’s Developer Program to bring GPU-accelerated apps on NAKA. It has also integrated with AIOZ Network to bring DePIN solutions for its users. In a bullish announcement, the popular crypto and blockchain gaming project Nakamoto Games reveals its latest partnerships with Nvidia and AIOZ Network. Both these reveals bring highly bullish momentum to Nakamoto Games and its community. Nakamoto Games is excited to announce our recent membership in the #NVIDIA Developer Program. This collaboration with @nvidia sets the stage for some exciting upcoming…

Komodo CTO Kadan Stadlemann said the United Arab Emirates’ (UAE) political stability fosters a friendlier environment for crypto businesses to flourish, compared to the challenges they face in the US. In a jab at democracies, he said the UAE’s biggest advantage is its monarchy. The exec believes the UAE’s stable leadership, free from the back-and-forth policy changes of democracies, creates a more friendly environment for crypto businesses to grow. In an interview with CryptoNews, he credited the country’s “very stable political basis” as key to its startup friendliness. He also pointed to the UAE royal family’s “genius approach,” which he…

Bitcoin (BTC) is maintaining its position above the $65,000 support zone as the maiden cryptocurrency continues to navigate the post-halving landscape. In this regard, there is anticipation about Bitcoin’s future trajectory, especially considering the digital asset’s overall bullish trend leading up to the halving event. In this context, an analysis by CryptoCon shared on X (formerly Twitter) on April 21 suggested that the conventional halving cycles theory may require reassessment based on Bitcoin’s price behavior surrounding the 2024 event. The analysis acknowledged the traditional belief that the inaugural halving in 2012 held the utmost significance. Subsequently, Bitcoin adhered to a…