Author: NBTC

While Bitcoin experienced a strong rally thanks to increased institutional adoption with the approval of the spot ETF, $ 65,000 was also exceeded in this rally. While investors were waiting for $69,000 to be exceeded, a new BTC post came from the well-known analyst Ali Martinez. At this point, Martinez said that more than 500,000 BTC were traded in the $61,100 to $61,800 range, creating a significant support range for BTC. Stating that this support area is very important for Bitcoin, the analyst argued that BTC will continue its rise towards $ 65,900 as long as it manages to stay…

David Schwartz, chief technology officer at Ripple, has developed a new trading bot that uses an algorithm that is similar to the XRP Ledger’s AMM algorithm. The bot, which is designed for trading on centralized exchanges, has already been tested by Schwartz for trading Solana. For now, Schwartz says that the code is “really rough,” but he is thinking about potentially adding a GitLab link. Is the bot profitable? In a follow-up post, Schwartz explains that it is too early to actually tell with high confidence whether or not the bot is capable of generating profits. With that being said,…

Tokentus Investment CEO Oliver Michel comments on ETHGate, asserts that Ethereum’s ICO is similar to Ripple’s institutional sales of XRP. Oliver Michel, the CEO of VC firm Tokentus Investment AG, recently commented on the ETHGate scandal, one of the most controversial topics in the crypto industry. ETHGate Explained For context, ETHGate involves allegations about the Ethereum team fostering relationships with top SEC officials to give ETH a regulatory edge over other crypto assets. According to critics, Ethereum’s relationship with the SEC allegedly prompted former director of Corporation Finance William Hinman to declare ETH as a non-security in his infamous speech…

Polygon Labs paid $4 million to host Starbucks Odyssey, the NFT-powered loyalty program that made headlines as a crypto biz-dev coup. The deal was a hallmark of a “big and flashy” business development strategy that Polygon has since abandoned, people familiar with the matter said. Companies usually pay their tech vendors for services rendered. For Starbucks’ soon-to-be-defunct foray into crypto on the Polygon network, it was the other way around. Polygon Labs paid $4 million to the coffee giant in 2022 as part of their deal to build and host a blockchain-based loyalty program, Starbucks Odyssey, on the Polygon network,…

In a recent interview, Tom Lee, a well-known Bitcoin advocate and co-founder of Fundstrat Global Advisors, shared his views on the future of Bitcoin. Known for his bullish stance on Bitcoin since its early days, Lee’s predictions have generally been accurate. Lee’s defense of BTC dates back a decade, when BTC was in its infancy and used primarily by a small group of individuals. Despite the skepticism surrounding Bitcoin at the time, Lee saw potential in BTC and remained bullish even when it was only worth a few hundred dollars. When asked what he sees in Bitcoin that others do…

Over $731 million was invested in crypto startups in March, as venture capital (VC) money started flowing back to crypto startups driven by positive news and the recent price leaps. Brian D. Evans, CEO and founder of VC fund BDE Ventures, believes that the ‘manias’ of bull runs cause some VCs to “throw money around without doing much due diligence.” Evans explains that this same movement happened in the last bull run, which occurred between 2020 and 2021, and the one before it. However, during bear markets, the VC’s playbook is the polar opposite. “VCs, that is, don’t feel much…

Rep. French Hill recently cited Ripple’s court verdict against the SEC to emphasize the need for the commission’s reform. The United States Securities and Exchange Commission (SEC) has been under scrutiny in recent times, especially regarding its regulatory policies in the crypto space. Hill Cites Ripple Ruling In a recent development, Rep. French Hill (R-Ark), chair of the House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion, slammed the commission during a hearing. The hearing titled “SEC Overreach: Examining the Need for Reform” was held yesterday on Capitol Hill. Notably, the lawmakers at the hearing deliberated on whether…

The Solana Foundation has announced several recommendations that developers should follow to cope with the high usage that the network is currently experiencing. The foundation recommended implementing priority fees, and a series of optimizations to avoid dropping transactions. Also, an improved transaction scheduler is expected to be included in the next update. Solana Foundation Makes Recommendations for Optimized Block Usage The Solana Foundation, a nonprofit dedicated to increasing the adoption of the Solana ecosystem, has made some recommendations to maintain the “high performance” of the Solana network, which has faced high usage during these last weeks. While Solana has not…

Bitcoin was earlier poised to hit a milestone of $69,000 by the end of 2024. However, trends have reversed pretty quickly, putting BTC in a position where it is speculated to hit ATH by the end of March 2024. For reference, the token is currently listed at $63,550.06, an increase of 2.69% in the last 24 hours. Timothy Peterson, a notable BTC supporter, published a post highlighting that the token has surged by 20% in a week 121 times since 2015. He then added that the ongoing pace makes it the best contestant to touch ATH in the next 30…

The price of Bitcoin has recently rallied to add more than $100 billion to its market capitalization after the Federal Reserve decided to maintain interest rates, and Fed Chair Jerome Powell suggested up to three rate cuts could be seen this year. However, even before the Fed’s announcement triggered a BTC price surge, BlackRock, the world’s largest asset manager, quietly revealed the next step in its crypto strategy – a move analysts at Citi predict could create a “$5 trillion market by 2030,” according to Forbes. The world’s asset manager launched a spot Bitcoin exchange-traded fund (ETF) earlier this year…