Author: NBTC

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…

As Bitcoin teeters near $70,000, analysts are closely watching a critical supply zone for the largest cryptocurrency. This range is crucial because it represents a key area where a substantial amount of Bitcoin was acquired. Crypto analyst Ali has identified a key supply zone for Bitcoin, situated between $70,180 and $70,600, where over 450,000 addresses have collectively acquired approximately 273,000 BTC. #Bitcoin encounters minimal resistance! The key supply zone to watch is between $70,180 and $70,600, where over 450,000 addresses acquired 273,000 $BTC. With strong support levels, the odds are in favor of the bulls! pic.twitter.com/ecdqbb414l — Ali (@ali_charts) May…

The European Central Bank (ECB) has released its first progress report on the development of a central bank digital currency (CBDC). The June 24 update emphasizes the ECB’s efforts in creating a secure, private, and efficient digital payment system. The ECB states that it is committed to ensuring the highest privacy standards for online and offline digital euro transactions. The report highlighted the importance of pseudonymization, hashing functions, and encryption features to protect users from being tracked through their transactions. Source: ECB These measures are designed to make digital payments as private as cash transactions, providing a level of anonymity…

According to data from a Dune dashboard, UniSat, a leading Bitcoin service provider known for its Ordinals marketplace, recently achieved a milestone by recording nearly 9,600 unique daily users. This marks a record high for the platform, highlighting its growing influence in the crypto community. PIZZA Airdrop Fuels UniSat’s Recent Rise Alongside this surge, UniSat captured 43% of the market share among Ordinals marketplaces on the same day. This is the first time since September 2023 that UniSat has surpassed the 40% market share. It outperforms competitors like OKX and Magic Eden, which previously dominated the market. Read more: Top…

Bitcoin (BTC) revisited the $70,000 price zone in a bullish seven days, powered by macroeconomic indicators and overall positive sentiments in the cryptocurrency market. Finbold looked for insights on key support and resistance levels to watch for in the last week of May. Notably, Bitcoin has been trading in a well-defined range since March, from $60,000 to $72,000. During this time, BTC has made two brief deviations—of two days each—from the price range. One in mid-March made an all-time high at $73,805, and the other in early May flash-crashed to $56,590. Therefore, the $60,000 and the $72,000 levels remain the…

Tencent, the Chinese tech giant, was revealed to be participating in the tests that the Chinese institutions have completed using Mbridge, a CBDC-enabled cross-borders settlement platform. Tencent participated through its international settlements arm Tenpay, which piloted the use case of the Chinese CBDC, the digital yuan, to settle e-commerce exports using Mbridge’s rails. Tencent Participated in the CBDC-Enabled Mbridge Pilot Phase Tencent, one of the largest Chinese tech conglomerates, has participated in the pilot test of Mbridge, the central bank digital currency (CBDC) based cross borders settlement system. On the Chinese side of these tests, Tencent has been testing the…

Floki, the platform issuing the well-known meme coin Floki Inu, has recently announced a significant development for India. As per the platform, it is going to establish a school that will operate within the Indian jurisdiction following its initiatives in Ghana, Guatemala, Laos, and Nigeria. The meme coin issuer took to its official X account to provide the details of the respective development. FLOKI TO BUILD ITS NEXT SCHOOL IN INDIA! 🇮🇳We’re THRILLED to announce the next step in our philanthropic mission to build schools in developing nations of the world.Following our successful projects in Nigeria, Laos, Guatemala, and Ghana,…

Arthur Hayes, former CEO of BitMEX, who is talking about his target of $ 1 million in Bitcoin, explained in his last article an event that could cause BTC to rise. According to Hayes, the currency struggle caused by the weakening of Japan’s currency, the Yen, could result in a large amount of capital flowing into Bitcoin and a major rally. Could Bring a Potential Big Rise to Bitcoin! At this point, Hayes stated that the Japanese Yen was weakening rapidly against the US Dollar and said that the weakening yen would increase the export competition between China and Japan.…

Bitcoin’s price climbed above $71,000 amid the excitement over spot Ethereum ETFs. However, bearish forces have surfaced, trapping aggressive buyers at critical resistance levels. Over the past 24 hours, market sentiment has declined as BTC failed to maintain its buying demand, now consolidating within a range-bound zone. Analysts believe this consolidation is temporary, with the price remaining above a key area of interest, suggesting a potential rebound or new all-time high in the coming hours. Consolidation Of Bitcoin Price Continues Bitcoin (BTC) surged past $72,000 on increased hope for the approval of a spot Ethereum ETF. However, the bulls couldn’t…