Author: NBTC

Bitcoin’s price is showing signs of recovery following a couple of months of correction. The big question now is whether it’s time for a new all-time high or if that’s just a fake breakout. Bitcoin Price Analysis: Technicals By TradingRage The Daily Chart Against USDT, the Bitcoin price has been trapped inside a descending channel pattern. With the recent rebound from the $60K level and the lower boundary of the channel, the cryptocurrency has broken above the midline of the pattern. The $68K resistance level is the next obstacle before the channel’s higher boundary. If the price breaks it to…

Vancouver — Covalent, a pioneer in blockchain data infrastructure, has successfully concluded a $5 million strategic funding round led by RockTree Capital, with contributions from key Asian investors including CMCC Global, Moonrock Capital, and Double Peak Group.—This funding will propel Covalent’s expansion into Asia, focusing on promoting Long-Term Data Availability across regions such as China, Korea, and Singapore. Central to their strategy is the enhancement of the Ethereum Wayback Machine (EWM), designed to provide permanent and verifiable blockchain data. By bolstering accessibility and scalability of blockchain data, Covalent aims to fortify its role in supporting blockchain and AI innovations throughout…

If GameStop rallies to $65 later today, Keith Gill—better known as Roaring Kitty on Twitter or Youtube and DeepFuckingValue on Reddit—could see his GME position swell to $1 billion. In a post on the Superstonk subreddit last night, Gill revealed that after the market closed his 5 million shares of GME had gained 119% and his 120,000 call options had surged by 376%. All told, that means after a $174 million initial investment, his position now has a value of $586 million. And if GME can close the gap to $65, the position will have a total value of $1…

Stablecoin payment platform BVNK has introduced Layer1, a self-custody digital asset infrastructure, according to a June 27 statement shared with CryptoSlate. This platform helps businesses launch stablecoin payments quickly and securely, ensuring control and privacy over their digital assets. Layer1 BVNK aims to streamline blockchain payments through its Layer1 solution. This initiative tackles infrastructure challenges, enabling businesses to quickly implement digital asset payments globally, even without extensive technical knowledge. Layer1 specifically targets critical issues in current digital asset solutions. It accelerates time to market, provides blockchain abstraction, enhances data privacy and control, and integrates with existing systems. Some of the…

Bitcoin (BTC) showed a 6.6% recovery in the last seven days, and investors withdrew their BTC holdings from centralized exchanges as a result, according to data aggregator Coinglass. In the last seven days, 27,975.21 BTC left the 20 exchanges tracked by the data platform, roughly $1.9 billion at the time of writing. Coinbase Pro saw the most outflows, with 15,891.79 BTC leaving the exchange focused on seasoned traders. Binance came in second, with investors withdrawing 7669.64 BTC from the exchange in the past week. Crypto outflows from centralized exchanges are commonly seen as a bullish sign, indicating that investors are…

Restaking pioneer EigenLayer has demonstrated remarkable success in attracting capital — effectively acting as a “black hole” for ether — and has become one of the largest DeFi protocols in the process. But Symbiotic’s entrance into the shared security space with a “stake anything” design is poised to shake things up. Since launching on Ethereum mainnet just over a year ago, EigenLayer had sucked in about 5.4 million ETH, worth $20 billion at its peak in early June. The protocol began raising deposit caps aggressively in early 2024, and accepting more flavors of ether. By March, deposits had increased from…

Ora, a blockchain project to incorporate AI into decentralized applications (dapps), said it raised $20 million in funding from investors including Polychain, HF0 and Hashkey Capital. The fresh funds will allow the project “to continue developing its technology and infrastructure for tokenizing AI models and bringing decentralized AI to the Ethereum ecosystem,” according to a press release. Ora, founded in 2022 and describing itself as a “verifiable oracle protocol,” provides developers with tools needed to build end-to-end trustless and decentralized applications that rely on AI, its project documentation states. An oracle supplies real-world information such as prices, temperatures and other…

Ethereum researcher Justin Drake highlights Shiba Inu market cap and quality, noting that it surpasses thousands of meme coins including those on Solana. During a recent interview organized by Bankless, Ethereum researcher Justin Drake highlighted the exceptional position of Shiba Inu in the memecoin market. Joined by Anatoly Yakovenko, co-founder of Solana, and David Hoffman of Bankless, the discussion focused on the strengths and weaknesses of various blockchains. The power of the #SHIBARMY shines through! 🌟 In a world full of memecoins, $SHIB rises above as a beacon of quality and unity. We’re here to support all memecoin lovers and…

API3, a pioneer in decentralized APIs for blockchain platforms, has announced a strategic shift in its deployment approach for the upcoming OEV Network. The API3 team initially partnered with Polygon but pivoted after the timeline was too tight for their launch. This comes as API3 looks to remain nimble in its development and offer a product that is perfectly synced with the wants of markets and developments in technological fields. The move to Arbitrum Orbit is the beginning of a new era for API3. This is known as Arbitrum Orbit, which has established itself in delivering an easy-to-launch Layer 2…

After Bitcoin (BTC) opened the week on a greener note, its price ranging around $67,000 and pulling the rest of the cryptocurrency market up with it, artificial intelligence (AI) algorithms envision more bullishness and further advances for the maiden crypto asset in the next few months. Indeed, Bitcoin has solidified its position above the key support level of $66,000 and then surpassed the next important step at $67,000, triggering confidence and optimism not just in the crypto industry but also from advanced AI forecasting algorithms. BTC price prediction Specifically, one of these AI algorithms, which draws on historical BTC trends,…