Author: NBTC

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…

The Polkadot community celebrated the blockchain’s fourth anniversary by ratifying the highly anticipated Join-Accumulate Machine (JAM) upgrade. The proposal received unanimous support, with backing from over 31 million DOT tokens. JAM ratification JAM is a decentralized hybrid system offering secure and scalable smart contract functionalities by merging features from Ethereum within Polkadot’s framework. This upgrade is widely celebrated within the community as the next phase in Polkadot’s evolution. It replaces the network’s Relay Chain with a more modular, minimalistic design. Gavin Wood, Polkadot’s founder, presented the update’s Graypaper in April at the Token2049 crypto conference. On May 27, Wood revealed…

Bitcoin (BTC) may rally to $70,000 based on an inverted head-and-shoulders pattern on the daily chart¹. The pattern forms after a downtrend and signals a trend reversal. Despite recent bearish signals, Bitcoin’s long-term bullish outlook remains intact. Bitcoin might be poised for a surprising turnaround despite recent bearish signals. Technical analysts suggest that the BTC could defy the odds and rally beyond $70K in the coming days. #Bitcoin is suffering from two bearish signal – Double Top and 10/20 SMA Death Cross ☠️However, this combination triggered $BTC to ride HIGHER in Oct 2023 🔥This bearish combination is so BULLISH 🚀…

OKX Ventures, the investment arm of Web3 technology company OKX, has unveiled its May-June 2024 bi-monthly investment report. The report highlighted strategic investments in four altcoin projects – Bedrock, Codatta, GoPlus, and Nubit. Firms such as OKX Ventures and Binance Labs generally invest in early crypto startups that have yet to launch their altcoins. However, community members believe that investments from such firms hint towards airdrop or token generation events shortly. Why OKX Ventures Invested in These 4 Altcoin Projects Leading the investment lineup is Bedrock, a multi-asset liquid restaking protocol. This platform has enhanced the security of digital assets…

Floki developers launched a Telegram-based trading bot for FLOKI holders on the BNB Chain network. The bot is expected to increase demand for FLOKI tokens and contribute to buying pressure with a 1% fee on transactions, half of which will be used to buy FLOKI on the open market. Floki developers today introduced a trading bot tool that allows FLOKI holders to trade any token on the BNB Chain network, the developers told CoinDesk in a Telegram interview. The Telegram-based bot will initially be available to a small number of users during a beta testing period to find and resolve…

German banking conglomerate DekaBank has issued a digital bond as part of the European Central Bank’s wholesale digital euro trial. The bond, which DekaBank described as a ‘crypto security,’ was issued on SWIAT, its institutional blockchain network. SWIAT now boasts 24 clients, with Standard Chartered’s (NASDAQ: SCBFF) SC Ventures and Germany’s largest state-backed regional lender LBBW as founding members. While DekaBank withheld most of the details of the digital bond, it revealed that Frankfurt-based private bank Bankhaus Metzler was the buyer and used wholesale digital euro to pay as part of the ECB’s DLT trials. The transaction leveraged the digital…

In an interesting development, dog-themed cryptocurrency Shiba Inu (SHIB) has overtaken Avalanche (AVAX) in market capitalization. As reported, Avalanche had overtaken SHIB to claim 11th place in the crypto market rankings in the past week as SHIB experienced profit taking, a scenario that has now been reversed this week. Shiba Inu now ranks as the 11th largest cryptocurrency by market cap, pushing Avalanche to 12th place. Positive sentiment around Shiba Inu, coupled with broader bullish trends on the cryptocurrency market, has contributed to the token’s price gain of over 5% in the last 24 hours. The gains occurred as Ethereum…

Over the past 11 years, dating back to 2013, bitcoin has typically experienced positive performance in July, with five of those months seeing gains exceeding 16%. This year, however, July is shaping up to be negative. Historical data for August and September suggests a trend of underwhelming returns, potentially persisting until October, which is known for its historical gains. History Doesn’t Repeat Itself, but It Often Rhymes Historically, bitcoin tends to perform well in July, with data from coinglass.com showing positive returns 63.64% of the time. This means that in seven out of the last 11 years, July has brought…