Author: NBTC

On Tuesday, the leading cryptocurrency on the market, Bitcoin, managed to recover the crucial $71,000 level. However, over the past day, BTC has failed to hold above this level and is moving within the $69,900 range at the moment. Saylor’s fundamental Bitcoin message Michael Saylor is the founder of business intelligence giant MicroStrategy, which has been extending its bet on Bitcoin over the past four years. In August 2022, Saylor stepped down from his chief executive position to remain the company’s executive chairman and is in charge of the company’s BTC strategy. It happened exactly four years after thd company…

In an intriguing new move for the DeFi community, the BenMo community announced a partnership with the Aptos Foundation. As part of the cooperation, the companies intend to explore the DeFi space in the Asia-Pacific region. Since its founding in 2017, with over 3,000 subscribers, BenMo has become a major force in the DeFi space. The community looks forward to the innovative results this collaboration will bring. Additionally, Aptos has published an important network update. Version 1.14.1 of Aptos Node is now available. This update is expected to improve network performance and stability. Data from CoinMarketCap shows that the price…

Bitcoin mining giant Hut 8 announced a $150 million strategic funding from Coatue to emerge as a “leader in the AI infrastructure market.” Miami-based Bitcoin mining firm Hut 8 announced on Monday it has raised $150 million to bolster its data center capabilities for artificial intelligence (AI). The funding, structured through convertible notes with an 8% annual interest rate, aims to support Hut 8’s expansion into AI infrastructure to meet growing market demand and position itself as a leader in the sector. While specific details on the location of Hut 8’s new platform are unclear, the funding is expected to…

Australian rapper Iggy Azalea has escalated her feud with Ethereum co-founder Vitalik Buterin, seemingly accusing him of pocketing gas fees: “I’m not mad at this man’s opinion. Whatever. I question what you are doing with gas money. It’s so rich of you to have an opinion on charities and hospitals, whatever…but let’s talk about the gas fees…the gas tax.” The bizarre remark from the controversial influencer attracted plenty of ridicule within the cryptocurrency community after going viral on the X social media network (formerly Twitter). Many Ethereum enthusiasts were seemingly stunned by Azalea’s lack of basic understanding of how gas…

As of May 22, 2024, bitcoin is trading at $69,952, navigating a recent intraday range of $69,211 to $71,422. Despite a tumultuous period, bitcoin has shown resilience with an 11.9% increase over the past week and a 5.9% rise over the past month. Bitcoin Bitcoin’s 1-hour chart reveals a significant decline from a peak of $71,433 to a low of $69,156. Recently, there’s been a hint of a potential reversal suggesting slight upward movement. Volume spikes have been notable during the downtrend, with a modest increase accompanying the recent upward ticks. Traders might consider an entry point if bitcoin breaks…

The promise of guaranteed high yields with downside protection is often a red flag when navigating a sea of DeFi app marketing speak. Yields are often exaggerated while risks get buried. It’s easy to promote sky-high APRs when you print your own token to fund temporary incentives. In the offchain financial world, however, there is such a wild beast emerging from the depths: Shark Fin notes. DeFi app Cega Finance, a leader in exotic options and structured financial products, launched an onchain version on Ethereum and Arbitrum today. A Shark Fin is a type of structured financial product that offers…

The European Central Bank (ECB) recently published an updated report detailing the progress of the digital euro project since the start of its preparation phase in November 2023. This phase aims to build on the previous results and lay the groundwork for potential issuance by October 2025. The current focus is on finalizing the rulebook and selecting vendors to develop the necessary platform and infrastructure. Ripple’s advisor to the CBDC, Anthony Welfare, spoke at the event, highlighting the key features and ongoing progress of the digital euro project. He noted significant progress in areas such as privacy for online and…

Weset integrates Chainlink CCIP to enable cross-chain transfers of its WECO token between BNB Chain and Ethereum. The integration increases liquidity, enhances user experience, and simplifies Weset’s infrastructure. Weset, a platform specializing in tokenizing real-world assets, has announced the integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) across the BNB Chain and Ethereum mainnets. Tokenized RWA platform @WESET_io has integrated #Chainlink CCIP across @BNBCHAIN and @ethereum to enable cross-chain transfers of its native token. How CCIP unlocks cross-chain WECO transfers ↓ — Chainlink (@chainlink) June 6, 2024 The integration of Chainlink CCIP aims to increase liquidity by unlocking new liquidity pools…

After the introduction of ordinals, BRC-20 tokens, and more recently, Runes, the next significant wave of innovation on Bitcoin will revolve around Decentralized Autonomous Organizations (DAOs). Aisling Connolly, the Senior Research Scientist at the Dfinity Foundation, has asserted this. He stated that the technology, which is now well-suited to support DAOs and the more mature ecosystems, makes a trillion-dollar DAO a distinct possibility. One of the Greatest Coordination Tools In written responses provided to Bitcoin.com News, the Dfinity Foundation scientist also commended the Bitcoin network for achieving an important milestone: the removal of a central point of trust. This achievement…

Financial services firm Canaccord Genuity on Monday adjusted its target price for MicroStrategy (NASDAQ:MSTR), reducing it from $2,047 to $1,826, while maintaining its buy rating. Microstrategy stock is trading at $1,391 as of writing. The report observed that MicroStrategy has been actively enhancing its Bitcoin holdings, significantly impacting its stock valuation. In mid-June, the company successfully priced a $700 million convertible note, due in 2032, with a 2.25% annual interest rate and a conversion price of $2,032. This move follows two oversubscribed offerings in May, Canaccord noted, illustrating robust investor confidence. Currently, MicroStrategy holds approximately 226,311 BTC, valued at around…