Author: NBTC
A widely followed crypto analyst is warning that Bitcoin (BTC) could pull back further before next month’s halving event when miners’ rewards are cut in half. Pseudonymous crypto trader Rekt Capital tells his 433,000 followers on the social media platform X that Bitcoin has entered a “danger zone” when historically the crypto king has corrected between 20% and 40%. “It’s been two days since Bitcoin officially entered the ‘danger zone’ (orange) where historical pre-halving retraces have begun. Historically, Bitcoin has performed pre-halving retraces 14-28 days before the halving. Currently, BTC is approximately 26 days away from the halving and has…
Solana’s Froganas collection hopped to the top of the non-fungible tokens market on Friday with a notable sales performance, amassing US$1.45 million in the past 24 hours leading to 11 a.m. ET Friday. This surge represents a 20.49% increase in sales, according to data from CryptoSlam. The collection also experienced a substantial rise in market activity, with transactions climbing by 24.95% to 3,701, snatching the top spot from Pandora, an Ethereum-based ERC-404 collection. Pandora, which led yesterday’s sales chart, lost 28.53% of its sales volume but managed to cling to the third spot with US$1.16 million. Bored Ape Yacht Club…
TL;DR Binance updates its platform to include additional trading options for Mexican users. The move coincides with a rising adoption in the region and could drag even more people into the world of crypto. The world’s largest cryptocurrency exchange continues to update its platform to improve users’ experience and respond to the latest trends. Most recently, it disclosed that it will open trading and enable Spot Algo Orders Trading Bots services for the USDT/MXN pair. The service will become available on April 10. MXN is the symbol of the Mexican peso (the national currency of the North American country). Numerous…
VeChainThor enables efficient and sustainable energy production with blockchain control. Professor Qi Ge, a member of VeChain’s steering committee, leads pioneering research at the intersection of 2D materials and blockchain technology. Professor Ge’s pioneering work explores the potential of 2D materials when combined with the VeChainThor blockchain. In an exclusive editorial, Professor Ge sheds light on the importance of sustainable solutions in shaping the technologies of the future. The professor proposes a new approach, inspired by nature itself, to harness the power of bacteria to generate electricity. He highlights the remarkable ability of some bacteria to produce electricity as part…
Bitcoin (BTC) has recently found itself at the center of significant speculative attention. Recent analyses by prominent crypto analysts, including Jelle, suggest that Bitcoin might be forming an inverse head and shoulders pattern, a development that has historically been associated with potential bullish market trends. The inverse head and shoulders pattern is a chart formation that predicts the reversal of a current downtrend into a new uptrend. It is characterized by three troughs, with the middle trough (the head) being the deepest and the two outside troughs (the shoulders) being shallower. According to Jelle, Bitcoin may be in the cards…
Solana NFT marketplace Tensor plans to launch its long-awaited TNSR token next week, and leading American cryptocurrency exchange Coinbase said Friday that it plans on listing the incoming Solana-based token. Assets added to the roadmap today: Tensor (TNSR)https://t.co/rRB9d3hSr2 — Coinbase Assets 🛡️📞 (@CoinbaseAssets) April 5, 2024 While Coinbase did not specify when the TNSR token would be listed, the digital asset is scheduled to launch on April 8. The TNSR launch will coincide with the end of season 3 of Tensor’s rewards program and the start of season 4 trading incentives. Participants in the referral program, the Tensor Foundation said…
The Shiba Inu (SHIB) price gained traction in the past week as investors flocked to the dog-themed token. Drawn by the allure of the “meme season,” buyers pushed SHIB to highs of $0.00004575 on March 5. Shiba Inu achieved a 300% gain in days, propelling it into the top 10 cryptocurrencies by market value and solidifying its position as a prominent player in the crypto industry. However, SHIB has recently witnessed profit-taking, dropping out of the top 10 cryptocurrencies by market capitalization. SHIB is currently ranked 11th in the cryptocurrency rankings, with a market capitalization of over $19.08 billion. Avalanche…
Cryptocurrency analysis company Layergg recently shared a list of altcoins likely to be listed on Binance. The company highlighted the high listing rate of Binance Labs portfolio compared to other venture capitalists. According to the data, the altcoins invested by Binance Labs are listed on Binance at a rate of 20%. Layergg identified a few projects that are on Binance Labs’ investment list but are not traded on Binance, so they have listing potential: LayerZero: Token launch is expected in the first half of the year. Xterio: With a recent Layer-2 Chain announcement and AI, Xterio is gaining attention. It…
Bitcoin-focused blockchain Elastos is partnering with the decentralized physical infrastructure networks (DePIN) network IoTeX on digital identity validation. However, the collaboration also aims to bring Bitcoin’s robustness and trust to the forefront of DePIN, marking a significant leap toward integrating digital and physical assets using Bitcoin. The partnership represents an effort to leverage Bitcoin’s Layer-2 capabilities, specifically through Elastos’ approach, to enhance the functionality and accessibility of real-world assets (RWA) like buildings, equipment, and other capital-intensive assets. By integrating these assets with blockchain technology and IoT (Internet of Things), the collaboration aims to create a seamless, secure, and efficient ecosystem…
Bitcoin’s next halving event is expected to happen sometime in the second half of April. But nobody knows exactly when the network milestone will occur. It could happen on April 20, which would make for another tasty hit of serendipity during what’s already been a fortuitous bull market for bitcoin. Other portals counting down the halving say it could happen a few days earlier. Block reward halvings cut the supply of new bitcoin by 50%, and through either allegiance to fractals or mere superstition, they’re considered catalysts for price growth and a bedrock for BTC’s perceived four-year market cycles. Read…