Author: NBTC

The potential for Bitcoin to reclaim above the $69,000 mark this week is crucial in confirming the robustness of the broader crypto market, according to an analyst. The bearish performance of the U.S. equity market and the strengthening of the U.S. dollar have recently wreaked havoc on the price actions of crypto assets. In particular, Bitcoin (BTC) has been down 1.28% in the past day, contributing to an overall negative trend in its seven-day performance. This has resulted in a decline across the broader crypto market, with the total valuation plunging by 1.28% to $2.31 trillion. With Bitcoin price hovering…

Ithaca Protocol has been awarded a grant from the Arbitrum Foundation. This is a significant milestone for the non-custodial, composable options protocol. Through the support from Arbitrum, Ithaca Protocol will be in a position to further develop its platform. This announcement was made through the official X account of Ithaca Protocol. We are proud to announce that @IthacaProtocol has been awarded a grant from the Arbitrum Foundation!Backed by @Arbitrum, our MEV-resistant auction engine ensures fair, efficient trading for everyone.This support will allow us to enhance your experience on our platform -… pic.twitter.com/acHrYrW6re — Ithaca Protocol (@IthacaProtocol) November 21, 2024 Ithaca…

Blackrock, the world’s largest asset manager, has acquired an additional 4,869 Bitcoins, valued at approximately $328 million. This latest purchase further cements Blackrock’s position as a major institutional investor in the digital asset space. As of the latest reports, Blackrock’s holdings amount to a staggering 391,484 Bitcoins, with a total valuation of $26.45 billion. Blackrock continues to buy $BTC this week!#Blackrock bought another 4,869 $BTC($328M) yesterday and currently holds 391,484 $BTC($26.45B).https://t.co/kqNUqHBiTn pic.twitter.com/ufeN2SXHAg — Lookonchain (@lookonchain) October 22, 2024 According to Lookonchain, the acquisition comes as Bitcoin’s market value has fluctuated, highlighting Blackrock’s strategic approach to capitalizing on price adjustments in…

SBI VC Trade, a Japanese crypto exchange firm, announces two promotional events for tokens themed after the Shiba Inu dog, including SHIB. Per an announcement today, the crypto exchange will launch two promotional events centered around Shiba Inu-themed tokens, SHIB and DOGE, to commemorate Japan’s Dog Day on November 1. 📢＜明日より #キャンペーン 実施‼️ 11/1は「犬の日」🐶柴犬モチーフの #DOGE #SHIB を対象とした【わんわんレース(購入キャンペーン)】を実施いたします✨ キャンペーン対象期間中に条件を達成された方の中から抽選で110名様に1,000円相当分のDOGEもしくはSHIBをプレゼント🎁（要申込）… pic.twitter.com/OQAX0QCww7 — SBI VC Trade (SBI VCトレード） (@sbivc_official) October 31, 2024 SBI VC Trade Promotional Events The promotional events are divided into two categories: a social media campaign (Doggie Contest) and a trading campaign (Doggie Race). Doggie Contest This promotional event will…

MetaHub Finance has officially announced a partnership with Ginoa, marking a significant step forward in the blockchain and digital asset space. The announcement was shared through MetaHub’s official X account, generating excitement within the tech community. 🚀PARTNERSHIP ANNOUNCEMENT 🚀MetaHub Finance x Ginoa 🤝We are thrilled to unveil our latest collaboration with Ginoa🎉🌎 Ginoa has successfully combined artificial intelligence, which started as price expertise for NFT and Metaverse, adding a trading platform to offer an… pic.twitter.com/VdkXGlEUYr — MetaHub Finance (@MetaHubFinance) November 21, 2024 Ginoa Reduces NFT Pricing Uncertainty with Advanced Machine Learning Ginoa has done significant improvement in the digital asset…

An ARK Invest analyst is saying that three indicators are currently flashing bullish for Bitcoin (BTC). ARK analyst David Puell tells his 68,900 followers on the social media platform X that there have been “interesting market events in the last few weeks” signaling a potential Bitcoin breakout. He also says that Bitcoin appears to printing a bullish pattern on the daily timeframe. “Bitcoin bounced off its 200-day moving average and its short-term holder cost basis. [On Friday], it seems to be breaking out of a broadening wedge that began to develop since last March.” Source: David Puell/X The analyst looks…

A South Korean government official has reportedly disclosed that around 10% of the country’s domestic trade transactions are conducted using stablecoins, specifically Tether (USDT). Ki Young Ju, founder of CryptoQuant, disclosed this today. The report highlighted the growing use of stablecoins in South Korea’s trade and noted that traders find stablecoins appealing due to their low fees, fast transaction speeds, and bypassing South Korea’s strict foreign exchange regulations. Moreover, using stablecoins, traders avoid SWIFT costs, currency conversion fees, and delays associated with traditional methods. TRON-Based Tether Leading the Charge Amid this disclosure, Ki Young Ju noted that USDT holds a…

Funtico’s CCO says early Web3 games failed due to poor infrastructure but says the industry has shifted its focus to improving this. Collaboration: A Win-Win for Web2 and Web3 Gaming Doron Wesly, Chief Commercial Officer (CCO) at Funtico, argues that early Web3 games struggled to compete with their Web2 counterparts due to limitations in infrastructure. These limitations prevented them from delivering high-quality experiences with the visual appeal necessary to attract Web2 gamers. Wesly further criticizes early Web3 games for their “lame” storytelling and unsatisfying gameplay, which ultimately led to their downfall. Nevertheless, Wesly emphasizes that the industry is actively addressing…

The Graph, a decentralized indexing system that acts like a Google for blockchains, has unveiled a data standard for Web3. Called GRC-20, the standard will define how information is structured, distributed, and linked between decentralized applications, according to The Graph website in a blog post accompanying a proposal from developer Yaniv TAL to improve The Graph. The GRC-20 proposal builds on the concept of knowledge graphs, which Tal introduced in June. “Knowledge is created when information is linked and labeled to attain a higher level of understanding,” the blog explains, with knowledge graphs capturing the connections and relationships between pieces…

In a nuanced shift in cryptocurrency markets, Bitcoin (BTC) appears to be entering a stabilization phase with indicators suggesting traders are moving into an accumulation period. Analysts are noting the tepidly good news despite price fluctuations that have seen the leading cryptocurrency trading at $66,300, down 0.7%, but maintaining a 7% gain over the past two weeks. Ethereum, meanwhile, is down 2% at $2,570, though it too has seen a rise of 5.5% over the last two weeks, according to data from CoinGecko. Market analysts point to several key factors supporting this stabilization thesis. The $1.7 billion reduction in Circle’s…