Author: NBTC
Glassnode co-founders recently predicted that Bitcoin’s recent retracement to the $59,000 region has paved the way for a climb towards $76,000. On Wednesday, the price of Bitcoin suffered a steep retracement after surpassing its previous all-time high above $68,000. Within a few hours, the price dropped as low as $59,000 but only met a swift V-shaped recovery that took it back well above $65,000. Using the X handle (Negentropic), Glassnode co-founders Jan Happel and Yann Allemann have shared insights into what that swift recovery means for Bitcoin’s prospects in the short term. For newcomers, Glassnode is one of the most…
Bitcoin Ordinals inscriptions are fast becoming the top digital collectible in the crypto market, and developers are looking for ways to make buying and trading them as simple as possible. One company on the case: Oyl, creator of an eponymous browser-based wallet that allows in-wallet swaps of inscriptions. Backed by former CEO of BitMEX Arthur Hayes’ Maelstrom Fund and pseudonymous BRC-20 creator Domo, Oyl announced a $3 million pre-seed round on Thursday. Launched in August 2023, Oyl is a New York-based Bitcoin infrastructure developer that designs blockchain tools like the Oyl wallet, which aims to give users access to the…
Oobit, a leading mobile payments app, has partnered with VeChain to integrate VET (VeChain Token) into its platform, marking a significant step towards advancing the adoption of cryptocurrencies for sustainable everyday payments. The collaboration aligns with VeChain’s commitment to environmental, social and governance (ESG) initiatives, envisioning a future in which blockchain and digital assets drive sustainable practices across all industries. With 72.7 billion of the 85.9 billion VET in circulation, VET’s integration into Oobit’s Tap&Pay feature allows users to use it for everyday transactions and directly contribute to VeChain’s ESG commitment. Users using sustainability-focused decentralized applications through VeBetterDAO earn $B3TR,…
The Arbitrum blockchain community initiated a vote on a proposal to fund the legal defense of the Tornado Cash cryptocurrency mixer team. The vote began on March 8 in the Arbitrum community. The proposal offered to help Tornado Cash co-founder Roman Storm and developer Alexey Pertsev financially. The proposal states that Tornado Cash is a beacon of privacy and security in the crypto industry, providing users with a secure way to conduct private transactions on the Ethereum blockchain. “No one shall be subject to arbitrary interference with his privacy, family, home or correspondence, nor to attacks upon his honor and…
Crypto mogul Cameron Winklevoss was reportedly “intrigued” by the idea of merging his crypto exchange Gemini with digital asset lender Genesis before it failed, court documents show. Digital Currency Group (DCG) boss Barry Silbert claimed that the Winklevoss twin was “intrigued about the idea of a closer partnership between Genesis/Gemini/DCG, including a potential merger of the companies,” according to an October 2022 email filed with the Supreme Court of the State of New York yesterday, At the time, DCG-owned company Genesis had a partnership with NY-based Gemini where it supplied it with cash for a program called Earn. The Earn…
Shiba Inu enthusiasts have eagerly awaited the launch of SHIB Names, a new offering aimed at cementing their identities within the expanding ecosystem. This latest development, brought forth by Shiba Inu domain name partner D3 Global, offers users the chance to secure personalized SHIB-themed domain names at discounted rates using an exclusive coupon code. Early Access to #ShibNames has officially opened! 🍾Be the first to grab a grail 👉 https://t.co/ZBWtO4ubtA pic.twitter.com/xs8JQGKOEY — D3 (@D3inc) March 6, 2024 The commencement of early access to SHIB Names signifies a significant milestone for the Shiba Inu community. With the SHIB registration portal now…
Worldcoin told Blockworks on Friday that it plans to take legal action against Spain after a Spanish data protection agency moved to block data collection from the Sam Altman-backed company earlier this week. “Worldcoin is fully compliant with all laws and regulations governing biometric data collection and data transfer, including Europe’s General Data Protection Regulation (“GDPR”). As such, we have been in consistent and ongoing dialog with our lead Data Privacy Authority in the EU, BayLDA, for months. We were disappointed that the Spanish regulator circumvented the accepted EU process and rules, which leaves us little recourse but to file…
Expectations are mounting for Bitcoin to potentially surge into six-figure territory, following a dramatic increase of over 57% in its price since the start of the year. The recent surge has led to comparisons with the 2021 bull run, during which Bitcoin’s value tripled in three months after breaking its previous high. Analysts maintain a cautious optimism regarding Bitcoin’s future, with some predictions pointing towards a potential rise into six-figure territory. This outlook is partly based on Bitcoin’s performance during past bull runs and significant price increases following similar trends in 2012 and 2016. The recent approval of Bitcoin exchange-traded…
Following bitcoin’s all-time high this week, ordinal inscriptions have entered a trading frenzy. Ordinals were launched on Bitcoin in January last year. They allow NFTs to be directly created on Bitcoin’s blockchain by attaching images, videos, memes and other forms of artwork to individual satoshis — Bitcoin’s smallest divisible unit. Sales volume on Bitcoin ordinals increased by 25.43% this past week, reaching almost $173 million in trading volume and a NodeMonke ordinal sold for over $1 million. Read more: Bitcoin returned to all-time high faster than ever before (almost) But not all have been benefiting from the renewed interest in…
Stocks moved higher while cryptocurrencies just barely managed to stay in the green Thursday afternoon in New York as Federal Reserve Chairman Jerome Powell wrapped his two-day tour on Capitol Hill. The S&P 500 and Nasdaq Composite were bolstered by comments from Powell that the rate at which inflation has fallen has been a pleasant surprise. They gained 1.2% and 1.7%, respectively, toward the end of Thursday’s trading session. “It’s not consistent with the historical record, but it’s a really positive thing,” Powell told the Senate Banking, Housing and Urban Affairs Committee Thursday. Read more: Crypto PAC-backed candidates sweep in…