Author: NBTC

The New York Stock Exchange (NYSE) is considering implementing cryptocurrency trading, although the current regulatory framework prevents moving forward. As the world’s largest exchange in volume, such development could positively impact the demand for cryptocurrencies—Bitcoin (BTC) included. Looking for insights on the possible effects of an NYSE Bitcoin listing, Finbold asked OpenAI‘s most advanced artificial intelligence (AI) model, ChatGPT-4o, what the BTC price could be following this approval. ChatGPT-4o Bitcoin price prediction in hypothetical NYSE listing Notably, ChatGPT-4o has provided three price predictions for the short, mid, and long terms after receiving the proper context. At first, the AI model…

Crypto-based social media platform Farcaster has experienced rapid growth, reaching 50,000 daily active users and a $1 billion valuation. This success has sparked discussions within the Web3 community about the drivers behind its popularity and the role of venture capital in its ascent. Data from Dune Analytics, the on-chain data aggregation platform, revealed that Farcaster reached over 50,000 active users last Tuesday. The users generated just under 30,000 engagements on the platform for the day. However, the number of interactions represented an 83% decline from the platform’s peak about two months ago. Farcaster’s high valuation has piqued interest among blockchain…

Shiba Inu’s ecosystem team sheds light on Kendu Inu (KENDU), an altcoin poised to reshape the SHIB universe. The team revealed this in the 27th edition of its weekly magazine, published on June 5. Kendu Inu: The Wild Card Reshaping SHIB Universe According to the magazine, Kendu Inu is a memecoin themed after the Japanese dog breed Kai Ken. The team behind the token seeks to defy convention by prioritizing identity and community over typical tokenomics. Although Kendu embodies the relentless spirit of Shiba Inu, it does not follow the pattern of other tokens within the ecosystem, which aim to…

HTX launched the 12th edition of its Primevote event, where 15 projects are set to compete for a coveted listing on the HTX platform. Primevote empowers HTX users to vote for their favorite projects using “Rockets,” which are based on their average asset balance. The project with the most votes wins a listing on HTX. How Primevote Works Primevote enables users to vote using “Rockets.” Each Rocket represents a vote and is equivalent to a 30-day average balance in USDT. For example, a 30-day average balance of 100 USDT grants a user 100 Rockets to vote. Users’ Rocket values are…

In a recent X post, the head of research at CryptoQuant, Julio Moreno, revealed that new Bitcoin whales have injected approximately $100 billion into the market in 2024. This substantial influx from high-net-worth individuals and institutional investors marks a significant development in cryptocurrency, reflecting growing confidence in Bitcoin’s long-term potential. New whales have brought ~$100B into Bitcoin this year. https://t.co/lF1ehqwWoH — Julio Moreno (@jjcmoreno) May 31, 2024 Bitcoin whales are typically defined as individuals or entities holding large amounts of BTC with an addition in this category of addresses this year. Notably, this new inclusion of whales has collectively brought…

Ethereum is trading at $3,624, targeting $3,740 if momentum holds, with $3,430 as potential support. US CPI data decreased to 3.3%, boosting the crypto market, with Bitcoin nearing $70,000 and Ethereum rising. Ethereum’s daily active addresses dropped from 622,963 in March to 458,400 in June, despite increased large transactions. Ethereum (ETH) is currently on a strong upward trend, encountering resistance at around $3,660, suggesting short-term traders might be taking profits. Buyers have driven the price above immediate Fibonacci channels, targeting a further rise above EMA trend lines. ETH is trading at $3,624, reflecting a 3.3% increase in the past 24…

As the week ended on Friday, June 14, the cryptocurrency market crashed, with altcoins reaching multi-month lows. Meanwhile, a firm has shown a bullish bias and bought this recent dip, allocating nearly $20 million to two cryptocurrencies. The cryptocurrency trading firm Amber Group has disclosed over $1 trillion in trading volume since 2017, with thousands of clients. In 2022, Amber Group had an estimated $5 billion in assets under management (AUM) exclusively dedicated to cryptocurrency. According to a Blockworks report, the company was valuated at $3 billion during a private funding round, disclosing some numbers. Now, Lookonchain spotted and reported…

The mysterious Shiba Inu leader Shytoshi Kusama who took over as a leader after Ryoshi disappeared has published a tweet after a ten days’ break. His message to the SHIB army has an enigmatic feel to it as he shared the only thing he shares with the SHIB army. “There is one thing we all share”: Shytoshi Kusama Kusama has not been using the X social media platform often lately. The previous tweet was published two weeks ago. Several hours ago, the mysterious SHIB lead philosophically revealed something he shares with the SHIB army – “the beauty of the moon.”…

Bybit’s listing of zkSync faces backlash for reassigning ‘ZK’ ticker from Polyhedra Network. Crypto community criticizes Bybit, citing branding rights violations and unethical practices. Bybit’s decision raises concerns about trust and reputation in the cryptocurrency market. Bybit, a renowned cryptocurrency exchange platform, announced its decision to list zkSync on its trading platform. This announcement, however, has not been met with universal acclaim. Instead, it has sparked a wave of criticism from thousands of users and industry stakeholders. Bybit’s announcement of listing ZKsync has attracted thousands of criticisms. OKX CEO Star asked why so many people blamed ZKsync. Justin Sun asked…

Crypto analyst ShardiB recently revealed that Bitcoin has entered ‘chop season.’ This is significant as it could be a while before the flagship crypto finally archives that breakout, which will send it to new all-time highs (ATHs). How The Chop Season Will Affect Bitcoin’s Price While revealing that Bitcoin was about to enter the chop season, Shardi B hinted that the season would be filled with more sideways movement for the flagship crypto. The analyst made reference to the fact that BTC has continued to attempt to break out of its current range but has failed on every attempt so…