Author: NBTC

Ethereum price started a downside correction from the $3,885 resistance zone. ETH is now back below $3,800 and might continue to slide toward $3,720. Ethereum started a pullback after it failed to clear the $3,880 resistance. The price is trading below $3,840 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support near $3,830 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh upward move unless there is a close below the $3,720 support. Ethereum Price Dips Again Ethereum price extended its increase above the…

Dog-themed cryptocurrency Shiba Inu (SHIB) has seen its burn rate skyrocket by an astounding 172%, coinciding with a robust rebound in its market price. The increase in the SHIB burn rate has resulted in a significant number of tokens being sent to a “dead” wallet, where they can no longer be accessed or traded. According to the Shibburn X handle, a total of 5,221,667 SHIB tokens were burned in six transactions, representing a 172.16% increase in the burn rate. In the past 24 hours, there have been a total of 5,221,667 $SHIB tokens burned and 6 transactions. Visit https://t.co/t0eRMnyZel to…

June 6 (Reuters) – Trading stocks and bonds on blockchains at scale will remain a dream unless a global standard for cross-border activity is established that allows assets to move seamlessly across blockchains, according to a report published on Thursday. So-called tokenised assets – which represent the underlying assets – are exchanged on distributed ledger technology (DLT) that are also used for cryptocurrencies. Banks hope tokenised asset trading takes off as a way to make trading faster, cheaper and more transparent. However, a lack of cohesive global regulation is keeping assets from moving smoothly across different blockchains. Industry executives at…

Leading cryptocurrency Bitcoin is struggling to maintain its position above $70,000 as it continues to consolidate. While some analysts expect a rise in Bitcoin over the weekend and in June, all eyes on BTC and altcoins today are turned to the economic data coming from the USA. The data announced on the first Friday of each month is closely followed by investors and stakeholders to understand the state of the economy. The data disclosed is as follows: Non-agricultural employment Data: Announced 229k – Expected 182k – Previous 175k Unemployment data: Announced 4% – Expected 3.9% – Previous 3.9% Bitcoin’s reaction…

Renowned digital artist Beeple, known for his record-breaking $69.3 million NFT sale, has stirred up controversy with his latest artwork, “CURIOSITY KILLED THE CAT.” CURIOUSITY KILLED THE CAT pic.twitter.com/giWO5DWS97 — beeple (@beeple) June 8, 2024 The piece, which depicts a cat resembling the digital persona of Keith Gill, better known as Roaring Kitty or DeepFuckingValue, being killed, has sparked speculation about the motivation behind the provocative imagery. The artwork’s release comes on the heels of Roaring Kitty’s highly anticipated return to the spotlight after a three-year hiatus. Gill, a financial analyst and investor who gained fame during the GameStop short…

Key Points: ProShares spot Ethereum ETF is registered with the SEC to trade on the NYSE, joining several other firms in the race. The timeline for launching these ETFs depends on how quickly applicants address SEC comments and meet regulatory requirements, mainly by removing provisions related to ETH staking. ProShares has officially submitted Form 19b-4 to the U.S. Securities and Exchange Commission (SEC) in a bid to list and trade an Ethereum spot ETF on the New York Stock Exchange (NYSE). New ProShares Spot Ethereum ETF Was Filed Form 19b-4 to Trade on NYSE 2 ProShares Spot Ethereum ETF Officially…

David Schwartz, the chief technology officer at Ripple, has taken to the X/Twitter social media platform to make a few important revelations about himself and his work at Ripple blockchain behemoth. Here’s what would make Schwartz quit Ripple Schwartz, known on X/Twitter as @JoelKatz, issued a lengthy tweet to reveal how he came to be hired to be Ripple’s chief tech officer. The Ripple cofounder, who was also the CEO in the past, Chris Larsen, approached him and invited him to join the team because of Schwartz’s loyalty. In return, Schwartz said that he would remain loyal to him as…

A group of 108 former federal prosecutors and agents have signed a public letter to U.S. Secretary of State Antony Blinken urging the State Department to “step up” its efforts to secure Binance compliance head Tigran Gambaryan’s release from a Nigerian prison, Axios reported Thursday evening. The letter, reportedly spearheaded by investor and Coinbase board member Katie Haun – a former federal prosecutor – called the government’s minimal efforts to intervene on Gambaryan’s behalf “wholly lacking,” stressing that the “consequences of further inaction are potentially dire.” Gambaryan, a former Internal Revenue Service (IRS) agent and Binance’s current head of financial…

Key Points: Ethereum Pectra upgrade will introduce the EVM Object Format (EOF). Vitalik Buterin’s proposed EIP-7702 will enable Ethereum account addresses to temporarily function as smart contract wallets during transactions. Petra, slated for release in the first quarter of 2025, is set to be one of Ethereum’s most comprehensive upgrades. Ethereum’s core developers have reached a consensus to incorporate the EVM Object Format (EOF) in the forthcoming Pectra upgrade, as outlined in EIP-7692. Ethereum Pectra Upgrade Will Include EIP-7702 and EVM Object Format for Optimized Experience 2 Ethereum Pectra Upgrade Introduced EOF and EIP-7702 This addition, encompassing approximately 11 EIPs,…

ImmutableX unlocked 34.19 million IMX tokens worth over $69 million early on Friday. IMX circulating supply increased over 2% following the unlock. The Layer 2 blockchain token’s price added nearly 3% to its value on April 19. ImmutableX (IMX) price climbs nearly 3% on Friday despite its token unlock, finding some support at the $1.80 region and extending the 7% gain from the previous day. The project, which ranks among the top 15 Ethereum Layer 2 solutions by market capitalization, unlocked 34.19 million IMX tokens on Friday for ecosystem and project development and private sales. IMX price resists correction despite…