Author: NBTC

Brickken, a Chainlink-powered platform is joining the European Blockchain tokenization sandbox. Brickken is expanding it tokenization prowess to complement multiple partners and protocols it is linked with. Chainlink-powered Brickken has been admitted to participate in the European Blockchain Sandbox with a view to ramping up tokenization. This program, led by the European Commission, encourages collaboration between blockchain creators and regulators to navigate the legal space. Brickken to Leverage Digital Asset Suite for Tokenization Brickken’s participation presents a unique opportunity, as one of only 20 projects to directly influence the regulatory framework for tokenized assets in Europe. The company will leverage…

Bitcoin price struggled to stay above $70,000 and corrected gains. BTC is now trading below $69,000 and showing a few bearish signs. Bitcoin extended its downside correction below the $69,000 zone. The price is trading below $69,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $67,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless there is a move below the $67,500 support. Bitcoin Price Revisits Support Bitcoin price started a downside correction after it failed to stay above the…

The U.S. Securities and Exchange Commission (SEC) has approved several spot Ether exchange-traded funds (ETFs), allowing them to be listed and traded. However, before these ETFs can be traded, their S-1 registration statements must still go through a separate review process by the SEC, which includes potential amendments based on SEC comments. This additional step means that trading may not begin immediately. These spot Ether ETFs will directly track the price of Ethereum, providing a simpler and more accessible investment vehicle compared to futures-based ETFs. This move is expected to attract substantial institutional investment and could significantly boost Ethereum’s market…

An IMF survey of the Middle East and Central Asian region has concluded that while CBDC’s may not be essential they can advance financial inclusion and lower the cost of financial services. The uptake of CBDC’s may only have marginal benefits in the Middle East and Central Asia if other barriers are not addressed, the IMF findings said. Central bank digital currencies (CBDCs) may not be essential to achieve intended policy goals, according to a survey of 19 central banks in the Middle East and Central Asia (ME&CA) region by the International Monetary Fund (IMF). The survey also said that…

Shibarium, the layer-2 blockchain solution for Shiba Inu, has seen a massive 300% increase in average transaction fees over the past 24 hours. According to the latest data, the average amount spent per transaction in BONE, the native token of the Shiba Inu ecosystem, increased from 0.00452 BONE to 0.012 BONE, as reported by Shibariumscan. Shibarium is designed to facilitate the transfer of Shiba Inu tokens, with BONE tokens covering transaction fees. A portion of each transaction fee in BONE is converted to SHIB and sent to a dead wallet, reducing the overall supply of tokens through burning. This increase…

Key Points: BNB Chain BEP-336, inspired by Ethereum’s EIP-4844, scheduled to launch on June 20, will help cut transaction costs by up to 90%. BEP-336 introduces Blob-Carrying Transactions to simplify and optimize data storage and verification. The update will also enhance BNB Greenfield’s decentralized storage, improve network performance, and benefit users and developers. On June 18, BNB Chain unveiled BEP-336, a groundbreaking protocol inspired by Ethereum’s EIP-4844. This new update aims to revolutionize data storage and processing on the blockchain, promising to reduce transaction costs by up to 90%. BNB Chain BEP-336 Launched to Reduce Transaction Costs BNB Chain BEP-336…

Bitcoin outflows from the Mt. Gox exchange have occurred in the past day, making some worry about potential bearish effects. Here’s what an analyst thinks. Mt. Gox Has Made Several Bitcoin Transactions In The Last 24 Hours During the past day, several movements from wallets associated with the bankrupt cryptocurrency exchange Mt. Gox have been spotted on the Bitcoin blockchain. The platform had announced plans to repay its creditors, so the transactions are likely related to them. Mt. Gox has moved out 137,890 BTC in total, worth almost $9.4 billion at the current cryptocurrency exchange rate. With these transfers, the…

Ethereum’s price has landed on a decisive and substantial support region following a brief consolidation correction stage, with potential for a bullish reversal. However, if Ethereum sellers breach this pivot, a cascade in the market is likely. By Shayan The Daily Chart A closer look at the daily chart shows that Ethereum has reached a pivotal support region after a brief consolidation correction stage. This region encompasses the price range between the 0.5 ($3421) and 0.618 ($3289) Fibonacci levels, aligning with the substantial support of the 100-day moving average ($3412). T The alignment of these support indicators highlights the strength…

The percentage of credit card loans in serious delinquency has risen to the highest in over a decade. That may indicate a challenging period ahead for the U.S. economy and speculative activities. Top meme coins have dropped 20% in four weeks. The U.S. consumer is increasingly struggling to keep up with credit-card loan payments, painting a challenging picture for the economy and speculative activity in non-serious assets like meme coins. The percentage of credit card loans in serious delinquency, with balances outstanding for more than 90 days, increased to 10.69% in the first quarter, the highest since second-quarter 2012, data…

There is an ongoing revival in the broader digital currency ecosystem, and meme coins like Shiba Inu (SHIB) and PEPE are riding the waves. At the time of writing, the meme coin ecosystem is trading up by 4.47% in 24 hours to $58,026,790,606, and Shiba Inu and PEPE are up by 2.34% and 14.07% to $0.00002246 and $0.00001367, respectively. More correlated bullish metric Besides the uniformity in the price surge, these meme coins have seen a triple digit in large transaction count from whales in their respective ecosystems. Per data from crypto analytics platform IntoTheBlock, SHIB has seen a 170.84%…