Author: NBTC

Despite Bitcoin trading at the lower levels of the monthly trading range, the first cryptocurrency is unlikely to have any problems moving upwards, considering the current distribution of liquidity. The provided chart shows that the majority of selling pressure is located far above the $70,000 threshold, and the only thing needed for a reversal right now is some buying volume. Liquidity in the $70,000-$80,000 range indicates a significant concentration of liquidation leverage. Given the upper-level liquidity, it is possible that Bitcoin will rise swiftly to reach these high-liquidity zones once it starts to rally. Below these levels, the selling pressure…

Binance Labs, the venture capital and incubation arm of Binance, has recently expanded its support for by welcoming three new crypto projects into the seventh season of its Incubation Program. Binance Labs, known for bolstering early-stage projects, continues to foster potential game-changers in the Web3 ecosystem. However, admission into the Binance Incubation Program does not guarantee an investment from the venture capital arm. 3 Projects That Joined the Binance Incubation Program The trio of projects selected for this season’s incubation includes Aarc, FluxLayer, and TonTon Games. Each project introduces unique solutions to prevalent challenges in the decentralized space, aiming to…

Following Shiba Inu’s recent price plunge, we’ve outlined the amount of SHIB investors must hold to make $1 million if the price soars to $0.00003, $0.0003, or $0.003, respectively. Since Shiba Inu surged to around $0.000045 in March 2024, it has been on a downward trajectory. On July 5, the token plunged below $0.000013 for the first time in four months. Although SHIB has surged 16.41% over the past 24 hours to $0.00001545, it is still down 65.66% since its March peak of nearly $0.000045. While many investors have been left devastated by Shiba Inu’s recent dip, others see the…

Between April 1, 2024, and June 30, 2024, the Financial Conduct Authority (FCA) took actions against firms breaching financial promotion rules, as well as investigations into unregulated activity. During this period, 3,273 promotions from authorised firms were either amended or withdrawn. Additionally, 528 alerts were issued regarding unauthorised firms and individuals, with 11% of these alerts related to clone scams, where fraudsters use details of legitimate firms to appear genuine. Following the end of the modification by consent for the Direct Offer Financial Promotion (DOFP) rules introduced by Policy Statement 23/6, compliance reviews were conducted. Feedback was provided to firms,…

AlchemyPay, a hybrid crypto-fiat payment gateway platform, launches ramp solution services for the TooBit users. Through this integration, AlchemyPay will facilitate a fast and easy payment experience to buy and sell crypto assets through mobile wallets, bank transfers and credit cards over the TooBit platform. AlchemyPay, shared this exciting partnership through its official X account that it will be offering ramp solutions services for TooBit users. Earlier, Alchem Pay integrated its services with Paysafe. .#AlchemyPay’s Ramp Solution is now accessible on @Toobit_officialThe ramp integration facilitates an easy and fast payment experience to buy & sell crypto with credit cards, mobile…

Bitcoin’s price has dropped rapidly over the last few days after failing to keep above the $70K level. The market is currently approaching a fundamental level. Bitcoin Price Analysis: Technicals By TradingRage The Daily Chart As the daily timeframe demonstrates, the BTC price has been trending downward since the beginning of June following a rejection from the $72K zone. The price is approaching the pivotal $60K support level. With the 200-day moving average around the $58K mark, a break below $60K could lead to a retest of the moving average. Overall, the market’s mid-term fate relies on the price’s reaction…

Crypto bank Anchorage is adding custody support for tokens on the Solana blockchain, CEO Nathan McCauley told CoinDesk. The federally chartered custody company will initially allow its customers – ranging from venture capital firms and hedge funds to the treasuries of protocols – to stash a handful of tokens that follow Solana’s SPL standard. Anchorage began adding custody support for Solana-based tokens in 2022 and only added staking support last year. McCauley said the company waited to build out and launch custody support for SPL tokens rather than moving too fast, too soon, for a chain that’s taken some lumps.…

Investors holding just 50 million, 100 million or 500 million Shiba Inu could rake in substantial profits if SHIB claims lofty targets such as $0.00009, $0.0007 and $0.005. Shiba Inu is one of the victims of the ongoing market crash. Being a meme coin, SHIB faces greater volatility than most assets in the top 20. While this trait can be beneficial during market upswings, it is also detrimental when a downtrend ensues. Shiba Inu Accumulation Amid Downtrend SHIB has collapsed 7.47% in July despite a remarkable 16.15% intraday increase on July 6. The bearish performance this month comes after a…

Ripple co-founder and its former Chief Executive Chris Larsen (currently the company’s executive chairman) has taken to his account on the X platform to comment on the recent development that is currently celebrated by the Ripple team and the XRP community around the world. Larsen commented on the final decision of the court regarding the size of the fine demanded by the SEC. He expressed a hope that this development may finally end the “war on crypto” unleashed by the U.S. regulators. “Let’s hope this ends war on crypto” Larsen reposted the tweet that was earlier published by the Ripple…

Binance, the largest cryptocurrency exchange by trading volume metrics, has announced the long-awaited Toncoin (TON) spot listing. Toncoin is a Layer-1 (L1) blockchain initially created by the team behind Telegram to be fast and scalable. Binance Introduces Toncoin Spot Trading Toncoin, previously available only for futures trading on Binance, is now accessible for spot trading. This change provides investors and traders with increased flexibility. Unlike futures trading, where contracts are set for future delivery, spot trading allows for immediate buying and selling of Toncoin. Binance users can trade TON in the spot market beginning August 8, 2024, at 10:00 UTC.…