Author: NBTC

Although Bitcoin (BTC) has continued to consolidate its previous gains, pulling the rest of the cryptocurrency market with it as it sets the current slightly bearish mood, artificial intelligence (AI) platforms have retained their bullish optimism on the price of Bitcoin by the end of this year. Indeed, not long after it surpassed the massively important psychological price level at $70,000, the largest asset in the crypto sector by market capitalization has returned below it, struggling to return above the $68,000 resistance area from where it could start to recover. Bitcoin price prediction 2024 Nonetheless, an advanced AI algorithm that…

Bitwise Asset Management has revised its Form S-1 registration statement for its spot Ether (ETH) exchange-traded fund (ETF), highlighting a potential $100 million investment upon its launch. Notably, the SEC filing indicates that Pantera Capital Management has shown interest in purchasing up to $100 million of shares in this Ether ETF. However, these indications are not binding commitments, leaving open the possibility of purchasing more, fewer, or no shares at all. This revision is a crucial step in the approval process for the spot Ether ETFs to be publicly traded, which SEC Chair Gary Gensler anticipates might occur by the…

Binance Labs has invested in Rango, a cross-chain decentralized exchange (DEX) and bridge aggregator. Binance Labs Invested in Rango Binance Labs, the venture capital and incubation arm of Binance, has made a strategic investment in cross-chain decentralized exchange (DEX) and bridge aggregator Rango. Rango’s interoperability supports the growth of DeFi by enabling seamless transactions between different blockchain ecosystems. This investment aims to improve Rango’s capabilities for easy transactions across multiple blockchain ecosystems and fuel the growth of decentralized finance (DeFi). Rango’s broad interoperability supports major blockchains including Bitcoin (BTC), Solana, Tron, Cosmos Ecosystem, Starknet, and others. This makes Rango a…

Highstreet (HIGH), an altcoin listed on the cryptocurrency exchange Binance, has experienced a significant decline in its token price in the last week. The value of the token dropped from a high of $8.87 to a low of $2.89. According to the developers, this drastic drop was the result of a malicious attack that led to the sale of 20 million tokens. The attack was meticulously planned and executed. Malicious actors initially purchased tokens from the South Korean exchange Bithumb and then laundered them through the BSC bridge. This strategy effectively concealed their identities, making it difficult for the Highstreet…

Stuart Alderoty, Ripple’s top lawyer, has reacted to the U.S. Securities and Exchange Commission’s recent filing, claiming that the agency is “raging.” Alderoty argues that there are no victims to compensate, adding that his company is currently “thriving.” Moreover, Ripple’s top legal mind claims that the SEC has now abandoned its demand for $2 billion worth of fines and penalties. cardLast week, the company cited the Terraform case in a notice of supplemental authority to its opposition to the agency’s motion for remedies and entry of final judgment. Terraform Labs has agreed to shell out $4.47 billion in order to…

In recent years, Zero-Knowledge Proofs (ZKPs) have emerged as a formidable protector of online identities, particularly within the realm of Web3. By safeguarding personal information from theft and misuse, ZKPs play a critical role in enhancing privacy and security during online interactions. So what exactly are they and how can they improve our day-to-day lives? What are zero-knowledge proofs? Zero-knowledge proof is a cryptographic protocol that allows one party (the prover) to demonstrate to another party (the verifier) that a specific statement is true without revealing the information itself. This unique capability ensures sensitive data remains confidential while still enabling…

Bitcoin’s price on May 29, 2024, reflects a period of consolidation following recent volatility. The current price stands at $67,739 with an intraday range of $67,201 to $68,880. Technical indicators and moving averages provide a mixed outlook, indicating both potential stability and the possibility of future movements. Bitcoin Bitcoin’s 1-hour chart reveals a high of $69,513 and a low of $67,193. The sharp decline followed by sideways movement signifies a lack of strong momentum in either direction. Volume spikes are seen during the sharp movements, yet recent lower volumes suggest trader indecision. Key levels to monitor are the support at…

Ethereum-oriented NFT collectibles like Pudgy Penguins and Bored Ape Yacht Club, have been on a downward swing since Blur farmers have aired their opinions. In the case of the competition, the scenario seems to be no different. For instance, DeGods has declined by 32%, whereas Azuki has seen a fall to the extent of 15%. CryptoPunks too is witnessing a drop of 13%, reminding one of the trade prices about the end of last year. NFT marketplace, Blur, has been involved in an airdrop farming scheme, through which users come in for rewards having been removed and boosted by Blast.…

Ethereum price started a fresh increase from the $3,350 support zone. ETH is outperforming Bitcoin and might rise further toward the $3,650 resistance. Ethereum is gaining pace from the key $3,365 support zone. The price is trading above $3,450 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $3,460 on the hourly chart of ETH/USD (data feed via Kraken). The pair formed a double-bottom pattern and gained pace above the $3,500 resistance. Ethereum Price Holds Key Support Ethereum price remained well-bid above the $3,350 support zone. ETH formed a base…

Over the past 12 months, bitcoin (BTC) has appreciated more than 168% against the U.S. dollar, a notable performance compared to other asset classes globally. However, seven out of the top ten gainers in the past year have been meme coins, with the crypto assets TRUMP, WIF, BOME, BONK, MOG, and TURBO leading the charge. Meme Coins Dominate Crypto Market Performances: Top Gainers Include TRUMP and WIF During the past year from June 12, 2023, to June 12, 2024, meme coins have dominated the cryptosphere. BTC and ETH recorded gains of 168% and 109%, respectively, but it was the humorous…