Author: NBTC

As of April 15, 2024, bitcoin presents a mixed landscape of consolidation and subtle recovery hints, reflecting a crucial moment for potential bullish or bearish trends. Bitcoin Despite the current market indecisiveness indicated by the 1-hour chart, the 4-hour and daily charts suggest underlying movements that could influence future price actions. The 1-hour chart displays a consolidation phase with BTC prices oscillating between $62,773 and $66,797, creating a zone of uncertainty for traders. The appearance of a recent significant upswing hints at potential bullish momentum, yet the subsequent mixed patterns signal a cautious market sentiment. Bitcoin’s 4-hour chart captures more…

Prom is excited to integrate with Fandom, the first Fan-Fi project in its ecosystem. Fandom, on the other hand, is merging communities and artists in one place through NFTs and fan tokens to wither interact like never before. This integration adds another layer to Prom’s ecosystem because they are integrating new and interesting fan experiences. Prom Integrates Fandom Into the EcosystemMeet @fandomstudio_, the first Fan-Fi project in our ecosystem connecting communities with artists through NFTs and fan tokens.Fandom Studio enhances the entertainment content industry, powering it with NFTs and other Web3 tools.… pic.twitter.com/62C4iVxuOb — Prom (@prom_io) May 26, 2024 Fandom…

Neo, an open-source blockchain platform, has announced a strategic partnership with Fansland. Fansland is a pioneering fan economy platform powered by Web3 and AI. The collaboration aims to accelerate the adoption of blockchain technology within the entertainment industry. 🤘We have partnered with fan economy platform @fansland_io to explore #Web3 mass adoption in the entertainment industry among the younger generation!🎶 A music festival & afterparty will be held on May 4-5 in Bangkok to kickstart this partnership!https://t.co/efmvcjpmYw — Neo Smart Economy (@Neo_Blockchain) April 30, 2024 Partnership Launches Web3 Music Festival in Bangkok, Introducing NFT Ticketing The partnership will kick off with…

As bitcoin (BTC) continues to gain traction worldwide, the approach to introducing it to newcomers plays a crucial role in its widespread adoption. While some advocates firmly believe in a “Bitcoin only” narrative, this aggressive stance can often hinder the conversation and deter potential adopters. Instead, a “Bitcoin first” approach, which prioritizes education and understanding, may prove more effective in fostering genuine interest and long-term investment in bitcoin. Burak Tamac is an adjunct professor at Montclair State University, teaching politics and technology.This essay is part of CoinDesk’s “Future of Bitcoin” package published to coincide with the fourth Bitcoin “halving” in…

Analysts at crypto trading firm QCP Capital say the unexpected approval of spot Ethereum ETFs could propel ETH price to $5,000 “later in the year.” The price of Ethereum‘s ETH native cryptocurrency might target the $4,000 mark as a “natural short-term target” should the U.S. Securities and Exchange Commission (SEC) approve spot Ethereum exchange-traded funds (ETFs). Ethereum price in USD | Source: TradingView In an analytical update on May 21, analysts at the Singapore-based trading firm stated that the second-largest cryptocurrency by market value could eventually hit $5,000 later this year if the SEC surprises the market with its approval.…

A Solana-based meme coin named BONKKILLER has achieved a staggering market capitalization of $327 trillion. Launched on April 29, this meme coin drew attention by surpassing every nation’s combined GDP. However, BONKKILLER is a honeypot scam. BONKKILLER Holders Cannot Sell the Meme Coin Despite only having over 1,143 holders, the coin saw about $4.24 million in trading volume within 24 hours. According to the crypto analytics platform Birdeye, more than 90% of the tokens are controlled by the creator. Furthermore, a “freeze authority” feature prevents holders from selling their assets, effectively trapping their investments. BONKKILLER’s purported market capitalization is an…

Since the start of 2024, India has witnessed an influx of demand for cryptocurrencies, with exchanges recording notable surges in trading volumes. Indias are warming up to the emerging digital asset sector despite the lack of proper regulations and a hefty tax on crypto gains. As anticipation builds for Bitcoin’s next halving in April 2024, the cryptocurrency community, especially in India, seem to be observing the potential impacts on market dynamics and investor behaviour. According to Edul Patel, CEO & Co-founder of Mudrex, data suggest a complex interplay of market forces post-halving. “In the past, Bitcoin’s price typically surged after…

According to Reuters, the US Securities and Exchange Commission (SEC) requested corrections to the Spot Ethereum ETF filings from NASDAQ and CBOE on Monday. Reuters claimed that sources said the SEC may be ready to approve ETH ETFs. US SEC Request Signals Regulator May Be Poised to Approve Filings – Sources Source: Reuters Crypto — db (@tier10k) May 21, 2024 The SEC asked Nasdaq and CBOE on Monday to correct applications for spot ETH ETFs, signaling it may be ready to approve the applications, three people familiar with the process told Reuters. The SEC must decide whether to approve applications…

Sui blockchain (SUI) and Google Cloud announced a collaboration to support Web3 innovation. Sui (SUI), the Layer 1 blockchain and smart contract platform launched by Mysten Labs, has partnered with Google Cloud to advance Web3 innovation, Chainwire reports. In the statement, it was stated that the partnership will focus on improving security, scalability, developer tools and user experiences in various Web3 and AI-supported applications. “Partnering with Google Cloud helps us advance the development of secure, scalable and user-centric Web3 experiences. Google Cloud’s infrastructure and cutting-edge AI capabilities leverage the unique technological power of Sui,” said Evan Cheng, CEO and co-founder…

Bitcoin’s recent price crash has been notably influenced by futures contract liquidations, according to the “Bitfinex Alpha” report. Over the past month, Bitcoin (BTC) has oscillated between $71,300 and $63,500, with a significant crash on April 12 leading to over $1.8 billion in liquidations amid geopolitical tensions. According to Bitfinex’s analysts, these market movements are not isolated incidents, as similar patterns have been observed previously, where dips below the range low were met with a swift recovery. Yet, this time, the market’s response may be more subdued, as indicated by current spot flows into Bitcoin. Sapphire The concept of “time…