Author: NBTC

Michael Novogratz predicts a temporary Bitcoin pullback to around $55,000. The pullback attributed to over-leveraged positions among retail traders. Novogratz also anticipates SEC approval for an Ethereum spot ETF this year. Michael Novogratz, the founder of Galaxy Digital, has shared his insights on the potential trajectory of Bitcoin in the coming months, suggesting a pullback could be on the horizon before the cryptocurrency reaches new highs. According to Novogratz, Bitcoin may retrace to approximately $55,000 as a result of retail traders becoming over-leveraged. This anticipated retracement is seen as a temporary setback before Bitcoin gears up to break new ground.…

Popular cryptocurrency XRP has witnessed a substantial surge in market capitalization, increasing by over $3.2 billion within a 24-hour period, according to data from CoinMarketCap. This surge has seen XRP’s market valuation rise from $31.51 billion to $34.55 billion, marking a significant 9.5% increase. Currently positioned as the sixth-largest digital asset by market capitalization, XRP’s recent surge further solidifies token’s prominence within the crypto market. Comparatively, this places XRP in a similar league by size to globally recognized companies such as Baker Hughes or KIA. The surge in market capitalization aligns with a notable increase in XRP’s price as it…

The London Stock Exchange (LSE) has announced that it will begin accepting listing applications for Bitcoin and Ethereum crypto Exchange Traded Notes (ETNs) from April 8, 2024. With this move, an important step was taken towards the integration of cryptocurrencies into mainstream financial markets. The announcement follows the LSE’s previous notification, published on 11 March 2024, stating that the Exchange intends to accept applications for acceptance of Bitcoin and Ethereum Crypto ETNs in the second quarter of 2024. The first cryptocurrency ETNs are expected to begin trading on May 28, 2024, subject to approval by the UK Financial Conduct Authority…

Ethereum Layer2 platform Polygon zkEVM encounters a network outage during its anniversary week. Several block explorers reveal that the network hasn’t produced blocks for nearly 24 hours. The team explained that sequencing issues from L1 reorganization tampered with the zkEVM Mainnet Beta, causing the outage. Polygon zkEVM Mainnnet Beta faced an issue with its sequencer due to an L1 reorg. We are working on fully resolving the issue and will follow up with a detailed post-mortem.This only impacts Polygon zkEVM (which is the only rollup) and does not impact Polygon PoS, Polygon CDK,… — Polygon | Aggregated (@0xPolygon) March 23,…

Increasing attempts to predict and time Bitcoin’s market cycle top. Historical cycles show that timing the market often leads to losses. The complexity and volatility of Bitcoin make market timing a risky strategy. In the ever-evolving landscape of cryptocurrency, particularly with Bitcoin, there’s a recurring trend that captures the attention of traders and investors alike: the attempt to time the market cycle top. As Bitcoin goes through its periodic rises and falls, the allure of predicting the peak of its cycle to maximize gains has become a common ambition. However, the reality is starkly different, with history showing that most…

Chainlink has added price feed support for Renzo, an EigenLayer restaking protocol. The integration sees the Chainlink Price Feeds available for Renzo’s ezETH on the Ethereum mainnet, Arbitrum and Linea networks, the staking protocol announced on March 21. Renzo’s growth in the market Chainlink’s service will enhance Renzo’s DeFi ecosystem, providing for further growth. This will come in the form of user access to secure data feeds. Platforms like Compound require Chainlink Price Feeds and this integration provides for that. Integrating Chainlink is thus a big boost for Renzo. The protocol will expand its reach across the liquid restaked ETH…

“Web3 gaming sucks.” It’s a common refrain amongst many gamers who have thumbed their nose at the growing space, but it’s not something you’d expect the team behind a prominent blockchain network to recite around one of the industry’s biggest events. But that’s exactly what Ava Labs did last week at the Game Developers Conference, where the phrase was plastered all over the massive Avalanche Gaming booth and across banners that could be seen from all over the expo hall and as attendees went down the escalator. Talk about a conversation starter. While the tongue-in-cheek branding probably drew snickers from…

The Securities and Futures Commission of Hong Kong (SFC) has issued a warning regarding HKCEXP, an allegedly suspicious crypto trading platform claiming to be registered with the regulator. HKCEXP allegedly warned as it lured investors by falsely claiming to be an “SFC-registered business.” The SFC warns investors of HKCEXP In June 2023, Hong Kong officially started its crypto licensing regime for virtual asset trading platforms, allowing licensed exchanges to offer retail trading services. The SFC said in February that investors should only trade on licensed trading platforms. The regulator had set a deadline of February 29 for crypto exchanges to…

Coin98, the leading multichain crypto wallet, has announced the integration of Conflux eSpace Network into its latest Mobile App and Extension. Conflux eSpace is a blockchain ecosystem on the Conflux Network. This marks a significant milestone towards unified crypto experiences for over 9M users. Coin98 is making continuous improvements with new integrations. It has improved user experience significantly with its recent integration of Linea. Coin98 Super Wallet now integrates Conflux eSpace – a fully EVM-compatible chain of @Conflux_Network with a much lower gas fee and higher TPS than Ethereum.Coin98 users can not only create/ restore Conflux wallets but can also…

Bitcoin surged an impressive 45% throughout February, showcasing its unparalleled strength and achieving a performance milestone not witnessed since December 2020. The crypto king demonstrated its resilience by securing gains for the sixth consecutive month, setting a strong trend that defied market expectations and solidified experts’ predictions of a crypto bull run starting any time now. Blue-Chip Coins Take Center Stage Bitcoin and Ethereum, often regarded as the blue-chip coins in the cryptocurrency market, stole the spotlight in February. As Bitcoin made the aforementioned surge, Ethereum also notched an over 47% increase, marking its highest monthly gain since July 2022.…