Author: NBTC

Polkadot (DOT) has been making waves with its modest price movements amid notable developments ranging from mention in TikTok acquisition talks to participation in Consensus 2024. In this article, we delve into these recent Polkadot developments and how they have impacted the price of DOT token. Potential use of Polkadot in decentralizing TikTok TikTok, with over 170 million users, is facing pressure from the US government to get a US-based owner due to national security concerns and alleged links to the Chinese government. It’s at the backdrop of this pressure that US billionaire Frank McCourt is organizing a people’s bid…

Prolific Bitcoin critic Peter Schiff has opined that the recent market sell-off exposes a myth that there is strong institutional demand for the leading cryptocurrency. The gold bug believes that Mt. Gox repayments alone would not be able to inflict such significant damage if there was substantial institutional buying. “If such demand really did exist, buyers would jump at the chance to buy the Mt. Gox Bitcoin off market,” Schiff said. As reported by U.Today, the largest cryptocurrency slipped to a five-month low of $53,330 on the Bitstamp exchange on July 5 after Mt. Gox moved roughly $2.7 billion worth…

The protocol’s first foray outside blockchains compatible with Ethereum is now official. The proposal—which was started by the Aptos Foundation—got an incredible 99.6 percent. Deploying Aave V3 on the Aptos Mainnet has received unanimous approval from the Aave community. This decision was taken after a community vote that ended on July 19, 2024. It is the first time the tokens will be used in a blockchain ecosystem that is not Ethereum Virtual Machine (EVM). Deploying Aave V3 on the Aptos Mainnet has been authorized by the Aave community with an overwhelming majority. During the voting procedure that took place from…

Elwood will focus on its trading technology software-as-a-service products and services. Zodia Markets’ $50 million-$60 million a day OTC business expects to “increase daily volumes significantly,” as a result of the deal. Zodia Markets, a cryptocurrency-focused trading firm backed by the venture arm of Standard Chartered, said it is buying the over-the-counter trading division of Elwood Technologies, confirming media reports the unit was on the block and sale talks were in process. After offloading the business, Elwood, which was championed by crypto-friendly billionaire Alan Howard, will focus on its trading technology software-as-a-service (SaaS) products and services, the company said on…

IX Swap, a decentralized exchange (DEX) specializing in real-world assets (RWAs), has announced its integration with MANTRA, a compliant asset provider. This collaboration aims to improve accessibility and liquidity for tokenized RWAs, while also boosting industry awareness and adoption. By leveraging MANTRA’s blockchain infrastructure and regulatory compliance expertise, IX Swap plans to offer a smooth and compliant trading experience for tokenized assets. Contents hide 1 How Efficient Are Security Tokens? 2 Why Is MANTRA’s Expertise Crucial? 3 Key Takeaways for Users How Efficient Are Security Tokens? Integrating MANTRA’s audited assets into IX Swap’s innovative trading platform is a vital move…

At the moment, Bitcoin (BTC) investors are anticipating the leading cryptocurrency to build on its short-term bullish momentum as it targets breaching new resistance levels. Amid this anticipation, a crypto analyst using the pseudonym Thescalpingpro in an X post on July 7 noted that Bitcoin’s weekly close is crucial, given that the cryptocurrency has broken down below a key range after 125 days of consolidation. The expert opined that Bitcoin has been consolidating in a range for over four months, fluctuating between a high of approximately $66,000 and a low near $33,000. This range was marked by significant volatility but…

Investors are now fully convinced that the FED will cut interest rates by September. According to the CME FedWatch tool, there is a 93.3% chance that the target range for the federal funds rate, the Fed’s key interest rate, will be reduced by a quarter point to 5% to 5.25% in September from its current level of 5.25% to 5.50%. In addition, there is also a 6.7% bet that the interest rate will be half a point lower in September. This explains some investors’ belief that the central bank will cut interest rates at its meetings in late July and…

Taiko positions itself as an Ethereum-equivalent (Type 1) ZK-EVM with maximal compatibility with Ethereum’s core architecture. Taiko, an Ethereum-based rollup, has launched on the mainnet following a year of development and seven testnet iterations. Ethereum co-founder Vitalik Buterin proposed the inaugural block, which included metadata containing the names of all Taiko core contributors. As a based rollup, Taiko relies on Ethereum block validators to sequence transactions, benefiting from the liveness and security assurances provided by Ethereum. Initially, Taiko’s rollup protocol contracts on Ethereum are controlled by a multisig arrangement, with plans to transition to requiring 50% of blocks to use…

Bitcoin’s price decline continues as the market has lost several key support zones. While many investors are worried about a deep crash, there is also the possibility for this drop to be a bear trap. Technical Analysis By TradingRage The Daily Chart The daily chart shows that the price has lost the $60K support level and dropped below the 200-day moving average, located around the $58K level. The 200-day moving average is a key indicator, as it has held the price during previous bull markets. Whenever it was broken to the downside, the bull run was over. Yet, the price…

Meme stock giant GameStop (NYSE: GME) saw a notable rise in its share price during after-hours trading on Tuesday, extending gains achieved earlier in the week. Gains in broader markets are reflecting a positive sentiment for risk assets, encompassing crypto, despite recent political events, including the attempted assassination of presidential candidate Donald Trump on Saturday. The stock is trading around $29.60 after rising to a top of $29.96 following the New York Stock Exchange’s closing bell, data shows. After-hours trading for GME and other stocks listed on the NYSE typically occurs on electronic communication networks. These platforms allow for trading…