Author: NBTC
The 2024 Bitcoin (BTC) halving had many investors highly optimistic about how high the world’s premier cryptocurrency could go, but trading since the event brought a decisive shift in sentiment. Indeed, with BTC consistently remaining closer to $60,000 than $70,000 for prolonged periods, experts turned toward analyzing when and if the coin will collapse. In this climate, two prominent analysts – most active on X – arrived at much the same conclusion in rapid succession: Bitcoin may yet rise once again but cannot afford to fall below a crucial price. Bitcoin needs to stay above this price to surge again…
A lesser-known token called TIM has emerged, attracting attention due to insiders turning a small investment of $6,404 into a staggering $8.29 million within 24 hours through TIM. The TIM frenzy ignited when two new wallets swiftly sold off $6,404 worth of Solana tokens to acquire a significant portion of TIM, totaling 526.6 million tokens, over half of the total supply. The broader cryptocurrency market has remained volatile in recent times exerting downward pressure. The Bitcoin (BTC) price has hovered around $63,000 while altcoins have been reporting double-digit losses over the past week. Amidst this turbulence, TIM, a relatively lesser-known…
XYO, a prominent player in the blockchain technology realm, just secured a new spot on its global map with its recent membership in the Digital Assets Association (DAA) based in Singapore. This move is seen as a significant step for XYO in expanding its reach and influence.—The DAA isn’t just any run-of-the-mill association; it’s a non-profit organization dedicated to integrating blockchain technology into traditional finance structures. Its primary goal is to bridge the gap between traditional financial systems and the promising world of tokenized real-world assets (RWA). With heavyweights from both traditional finance and blockchain projects onboard, including big names…
After the cryptocurrency market started to drop following the disappointing trading volumes of the new Hong Kong spot Bitcoin (BTC) exchange-traded fund (ETFs), things have been particularly bad for the related crypto asset, which has dipped to the area of $61,000 in a matter of minutes. As it happens, the six Hong Kong ETFs with exposure in Bitcoin and Ethereum (ETH) have drastically missed market expectations on the first day of trading, with a combined trading volume of only $11 million, a fraction of the expected $125 million, as crypto market analyst WhaleWire noted on April 30. JUST IN: CRYPTO…
Switzerland-based Backed closed a $9.5 million fundraising round led by Gnosis. Tokenized real-world assets could swell to a $10 trillion market by the end of the decade, one asset management company forecasted. Tokenized asset issuer Backed said Tuesday that it has raised $9.5 million in a funding round led by Gnosis. Exor Seeds, Cyber Fund, Mindset Ventures, Stake Capital Ventures, Blockchain Founders Fund, Blue Bay Capital, and Nonce Classic also participating. With the investment, the company aims to speed up its private tokenization offering and onboard asset managers to blockchain rails, according to the press release. The investment occurred as…
Redstone, a new Ethereum scaling network designed for fully on-chain games and “autonomous worlds,” launched its mainnet today—with a number of early games already available for play. Developed by Ethereum startup Lattice, Redstone was built via Optimism’s OP Stack scaling tech. But it’s much more than a rebranded riff on the layer-2 tech that also powers networks like Base and Zora—Redstone has been significantly retooled for the needs and demands of video games, particularly those that use blockchain for much more than asset ownership. “We’ve had core developers come along and make really cool contributions to the OP Stack,” Optimism…
Bitcoin, the leading cryptocurrency, spent April with declines. If the price cannot rise, BTC will have its worst close since November 2022 with a monthly close of over 12%. In addition, as Bitcoin prepares to close April with a decline, it will also break its 7-month winning streak. At this point, while BTC started the week with a decline, today it continued its downward trend and fell below $ 62,000. Il Capo of Crypto, who is known for his bearish views and is frequently criticized by investors with his bearish comments, made an evaluation after the recent decline in Bitcoin…
BlackRock’s BUIDL fund grew $70 million last week to take the top spot from Franklin Templeton’s BENJI offering, which saw minor outflows, blockchain data shows. Growth of Ondo Finance’s OUSG token was responsible for large part of the inflows. Asset management company BlackRock’s (BLK) tokenized asset fund BUIDL became the largest of its kind Tuesday, overtaking rival Franklin Templeton’s similar offering just six weeks after its debut. The BlackRock USD Institutional Digital Liquidity Fund, represented by the BUIDL token on the Ethereum (ETH) network and backed by U.S. Treasury bills, repo agreements and cash, now boasts $375 million of deposits…
Cardano (ADA) has marked another week of significant technological advancements, with IOHK, the development entity behind the project, unveiling notable progress. Updates reveal key improvements across various aspects of the platform, highlighting Cardano’s ongoing commitment to innovation and development. In core technology, efforts have focused on integrating the latest node release, v.8.10.0-pre, into SanchoNet for governance testing. Additionally, enhancements to test frameworks and data quality by the ledger team underscore Cardano’s dedication to ensuring platform stability and reliability. The forthcoming release of Lace v.1.9 promises users a range of new features and enhancements, while the Plutus team’s optimization guide for…
Blockchain gaming is seen as a hot narrative in crypto for 2024 by different industry players, such as Binance and CoinGecko. According to the latter, the total market cap of blockchain gaming tokens is over $18.6 billion. Delabs Games is one of the players building in this sector, focusing on an ecosystem built on the concept of assets that can be used in different games, called Asset Inventory System. Joonmo Kwon, founder and CEO at Delabs Games, shared with Crypto Briefing his thoughts on how blockchain technology could revolutionize the gaming industry, how gamers perceive this two-sector junction, and why…