Author: NBTC

US Federal Reserve (FED) Chairman Jerome Powell appeared in front of the cameras for the second time before the CPI and PPI data to be announced this week. Speaking at the US House of Representatives Finance Committee today, Powell made the same speech he gave to the Senate Banking Committee on July 9, 2024. Powell, who has taken a cautious stance so far by stating that more positive data is needed for interest rate cuts, repeated his statements that more data is needed for interest rate cuts. The highlights of Powell’s speech yesterday were as follows: “First quarter data did…

Another crypto trader has made waves in the cryptocurrency market with impressive results trading on the decentralized finance (DeFi) ecosystem. The trader made over $1.4 million in unrealized profits with the meme coin PEW on Ethereum (ETH). As developed, the address starting with ‘0x8EF73‘ bought 27.05 billion PEW with 3.2 ETH, worth $12,300. Lookonchain spotted and reported this crypto trader’s activity on May 31 in a post on X. Notably, ‘0x8EF73’ already sold 8.05 billion PEW for 83.5 ETH, worth $315,000—over $300,000 in realized profit. As of this writing, the monitored account holds 1 billion PEW worth $61,000. However, Lookonchain…

Crypto gaming startup Jungle announced Wednesday that it is developing its new mobile first-person shooter game For The Win (FTW) on the Solana blockchain, the firm shared exclusively with Decrypt’s GG. For The Win is a speedy, team-based hero shooter that is currently in early alpha testing in South America, where it has attracted over 100,000 downloads in its first month of availability. Jungle plans to utilize the Solana blockchain to implement features that reward players based on their in-game performance, aiming to incentivize user acquisition and benefit power users. The team pointed to Solana’s speed and user experience as…

Unstoppable Domains and Pudgy Penguins have collaborated to offer an innovative solution for accessing the digital world through Web3 domains. Thanks to .pudgy domains, users can now abandon traditional password-based logins and use personalized identities to access the pudgy world in a single step. Let’s see all the details below. Web3: simple and secure access to the Pudgy Penguins world with personalized identities Properties and customization All-time high for Web3 user engagement in Q2 2024 Web3: simple and secure access to the Pudgy Penguins world with personalized identities As anticipated, Unstoppable Domains, leader in the provision of Web3 domains and…

There is increasing bearish pressure on Bitcoin’s price as the flagship crypto repeatedly fails to break above resistance levels. In a gradual trend, BTC has continued to put in lower highs and lower lows since it achieved a new all-time high (ATH) in March 2024. While many analysts consider the pullback an accumulation, breaking below critical support could lower Bitcoin’s price. Data from TradingView shows that Bitcoin met resistance around $65,500 after recovering from the $56,500 swing low. That level also represents the 0.5 Fibonacci retracement level, covering the drop from the ATH to the recently identified swing low. BTCUSD…

Blockchain game developer and investor Animoca Brands announced its balance sheet for 2023. Accordingly, Animoca Brands stated that it has $203 million worth of cryptocurrencies on its balance sheet. Stating that the total asset value decreased for the 12 months ending December 31, 2023 compared to 2022, the company said that the value of these assets increased after the rise towards the end of 2023. The company announced in its official statement that it has $175 million in cash and stablecoins as of fiscal year 2023. According to the company’s balance sheet, it also has $203 million worth of cryptocurrencies,…

The crypto portfolio of Tron (TRX) founder Justin Sun, perhaps one of the most controversial names in the cryptocurrency world, attracts attention. Sun, whose blockchain network is the most popular network for sending stablecoin Tether (USDT) in the world, has a large number of altcoins on different chains. The total value of Sun’s known cryptocurrency wallets at the time of this writing is $1.03 billion. The biggest part of this amount, $276 million, is its own stablecoin USDD. Then comes the fact that he is the founder with 238 million dollars. In third place is the cryptocurrency project Bittorrent (BTT),…

Web3-based MMORPG Forgotten Runiverse is migrating from Arbitrum to Ronin, as announced today. This development helps to solidify Ronin as the premier destination for Web3 games. All game-centric NFT collections will migrate to Ronin, including Forgotten Runiverse Real Estate, Game Items, and Watcher’s Rings. The game will be available on the Epic Game Store later this year, with plans for mobile optimization. “The Forgotten Runiverse team has dedicated over three years to crafting a full MMORPG built for mass-market adoption that’s free-to-play on mobile and computers,” commented Sky Mavis CEO and co-founder, Trung Nguyen. “The Forgotten Runiverse’s vision of building…

SoonVerse has announced a partnership with BridgeM, a decentralized interoperability protocol. This collaboration aims to connect Bitcoin and Ethereum Layer 2 networks seamlessly. 💥 𝐄𝐱𝐜𝐢𝐭𝐢𝐧𝐠 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐰𝐢𝐭𝐡 𝐁𝐫𝐢𝐝𝐠𝐞𝐌 💥@BridgeM_io is a decentralized interoperability protocol that seamlessly connects Bitcoin Layer2 and Ethereum Layer2 networks.𝐇𝐞𝐫𝐞 𝐢𝐬 𝐡𝐨𝐰 𝐭𝐡𝐢𝐬 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐦𝐚𝐲 𝐛𝐞𝐧𝐞𝐟𝐢𝐭… pic.twitter.com/CRY8WMrAKs — SoonVerse❤️AIGG (@soon_verse) July 10, 2024 SoonVerse Enhances Security and Efficiency with BridgeM Collaboration One of the main advantages of this partnership is the smoother integration for SoonVerse customers. Through it, connected players will now be more capable of handling transactions across various blockchain networks without complications. In addition to…

While Bitcoin rose above $ 63,000 again during the day, it has generally exhibited horizontal movements lately. At this point, Bernstein analysts argued that these horizontal and straight movements of BTC could be good for miners. According to The Block, Bernstein analysts claimed that horizontal movements in BTC could be good for miners in this period when the economy is driven by the competitive hash rate. Bernstein analysts led by Gautam Chhugani and Mahika Sapra said in a note to clients today: “Bitcoin price is trending sideways, but we are not afraid of a big drop here. Here we expect…