Author: NBTC

A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on Bitcoin even after BTC broke the $60,000 psychological level. The analyst pseudonymously known as Credible Crypto tells his 402,400 followers on the social media platform X that he believes the Bitcoin bull market structure remains intact. According to the analyst, Bitcoin is still long-term bullish despite the retracement and BTC may see big rallies after the ongoing correction. But Credible notes that it will take Bitcoin a bit of time before BTC witnesses the beginning of a new uptrend. “Spot buyers don’t have to be too worried here…

Polkadot developers have announced the launch of Multisig which will empower enterprise users in financial workflow management. Powered by Signet, the new technology will help users with treasury management, payments, staking, governance, and much more. Polkadot has announced the launch of Polkadot Multisig, powered by Signet integration. The new technology is designed to offer financial workflow management for enterprise users. The team explains that Signet is designed to make blockchain operations and risk management best practices seamless for enterprises. Facilitated by the Decentralized Futures Program (DF Grant) that was launched in collaboration with Polkadot and Web3 Foundation, the Polkadot Multisig…

Anatoly Aksakov, the leader of Russia’s State Duma Banking Committee, has urged banning Telegram’s tap-to-earn game Hamster Kombat, saying it “manipulates” people’s minds. Russian lawmakers appear to be set to address concerns about Telegram‘s Hamster Kombat, as Anatoly Aksakov, head of the State Duma Banking Committee, has criticized the game for showing “obvious scam” traits and potentially harming users. In an interview with the local media, Aksakov noted that the State Duma hasn’t yet thoroughly examined the issue, though he reassured that a discussion will certainly take place, suggesting that Hamster Kombat could be another trap set by fraudsters, targeting…

Cryptocurrency exchange Bybit has released the twelfth proof of reserve, featuring a 17.8% increase in USDT holdings. Crypto investors are showing an increased appetite for stablecoins as the Bybit crypto exchange revealed in its latest proof of reserve nearly an 18% increase of customers’ holdings in Tether (USDT). According to the exchange’s report, users’ USDT balances grew by 433 million USDT as of Jul. 10, marking a 17.8% rise from Jun. 6. The report also noted a dramatic increase in Circle’s USD Coin (USDC), with deposits surging by over 150 million USDC, a nearly 400% jump from June. In contrast,…

TrendX has announced its forthcoming integration with the Neo X ecosystem. This strategic move aims to enhance the investment experience of Neo X users through the deployment of TrendX’s advanced AI analysis and trend-tracking technology. We’re pleased to welcome @TrendX_official to the Neo X ecosystem! 🥳Neo X users will benefit from TrendX’s industry-leading AI analysis and trend-tracking technology, helping to enhance their investment experience. 🚀 https://t.co/XXJFEp7So4 — Neo Smart Economy (@Neo_Blockchain) July 19, 2024 Neo X Supports Cross-Chain DeFi with Advanced Features Neo X is an open-source blockchain platform and community-driven that is affiliated to Neo as a sidechain. It…

Cryptocurrency analyst who goes by @AxelAdlerJr on X (formerly Twitter) noticed that Bitcoin’s (BTC) drop below $46,400 will send the largest cryptocurrency below its average buy level for the last 12 months. As such, holding BTC becomes unprofitable for the new cohort of purchasers. 2023-2024 Bitcoin (BTC) buyers in danger below this price level The Bitcoin (BTC) community should be watching closely the level of $46,400 per coin. This milestone is the average price the orange coin was purchased at last year. Such estimations were shared by CryptoQuant’s community analyst @AxelAdlerJr with his X followers. Right now, it’s worth paying…

Mind Network has announced the successful launch of the first Fully Homomorphic Encryption (FHE) interface built on Chainlink’s CCIP. So far, the Mind Network’s FHE interface has recorded 650k active users and 3.2M processed transactions. The first Fully Homomorphic Encryption (FHE) interface built on Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has been successfully launched by the Binance Labs-backed Mind Network. According to the report, the decision hinges on the plan to demonstrate its privacy technology to financial institutions and regulated intermediaries in the financial market. For now, the testnet launch has been executed across Ethereum Sepolia, Arbitrum Sepolia, and Polygon Amoy.…

GOP presidential candidate Donald Trump declares he would keep Senator Warren and her “goons” away from the crypto sector and the holdings of American investors. In the past few months, Trump has commented on cryptocurrencies and Bitcoin during various campaign speeches, aiming to garner the votes of the 50 million crypto holders in the United States. During a recent campaign speech, Trump stated that he would ensure that the “future of crypto and the future of Bitcoin will be made in the USA and not driven overseas.” As per a 2023 report from The New York Times, multiple crypto companies…

Partnership aims to increase cryptocurrency adoption in Mexico, where fewer than 100 businesses currently accept digital payments. Post-pilot, expansion plans include bringing ckBTC and digital financial tools to more universities across Mexico. Ditobanx, a digital financial services platform, has partnered with ICP Hub Mexico, a leader in blockchain innovation, to introduce a new payment solution using ckBTC that processes transactions in just one minute. This initiative, set to launch on university campuses in Aguascalientes, aims to provide students with an accessible financial alternative that bypasses traditional banking systems. The partnership is noteworthy as currently, fewer than 100 businesses in Mexico…

Recent advancements in smart contract technology include enhanced automation and expanded use cases. Experts highlight their potential while cautioning about cybersecurity and regulatory challenges. Smart contracts, the self-executing agreements with the terms of the contract directly written into code, are revolutionising various industries by automating processes and reducing the need for intermediaries. These digital contracts, primarily built on the Ethereum blockchain, offer the promise of increased efficiency and transparency. Latest Advancements and Use Cases The integration of advanced automation tools into smart contracts is one of the most significant recent advancements. The Ava Protocol’s mainnet launch on Ethereum exemplifies this…