Author: NBTC

Bitcoin’s triangular consolidation has ended with a bullish breakout, opening the door to $80,000, according to analysis by 10x Research. The latest breakout comes on the back of a blowout U.S. jobs report. Bitcoin (BTC), the leading cryptocurrency by market value, could soon rally to new record highs after breaking through a so-called triangle resistance, according to technical analysis by 10x Research. Early Monday, BTC rose past $72,000, passing through a triangular consolidation pattern identified by a resistance line connecting March 15 and March 27 highs and a support line connecting March 20 and April 3 lows. “If the breakout…

Ethereum, the world’s second-largest cryptocurrency, finds itself at a critical juncture. After a strong 25% surge in the past month, outperforming its peers, Ethereum is facing a formidable hurdle in the form of resistance levels around $3,795 and $3,846. Analysts are watching this price battle closely, as it could determine the coin’s trajectory in the coming days. Breaking Barriers Or Bracing For A Tumble? Technical analysis paints a contrasting picture for Ethereum. If the bulls can muster enough strength to push the price above $3,845, a continuation of the rally seems likely. This breakout could pave the way for a…

Shiba Inu heats up as an unknown address that had been dormant for 528 days came out of dormancy to burn 372 million SHIB tokens. Shiba Inu community members are paving the way for a potential rally in the price of SHIB as they incinerate substantial amounts in an attempt to bolster the ongoing burn campaign. 1.4 Years Dormant Address Awakened to Burn 372M SHIB Per an update provided by Shibburn yesterday, the community burned 392,376,654 (392.37 million) SHIB tokens in 18 transactions. With SHIB trading at $0.00002711, the value of the tokens burned was worth $10,637. In the past…

Binance, the globally renowned blockchain ecosystem serving over 190 million users, has announced the commencement of its inaugural Binance World Championship. With an unprecedented rewards pool exceeding $4.2 million, this championship is a testament to Binance’s commitment to celebrating and rewarding its user community. Open to both new and existing users, the championship offers opportunities to deepen their crypto knowledge, participate in various campaigns, and demonstrate their trading skills for significant rewards. Set against the backdrop of numerous global sporting events that unite nations and individuals in friendly competition, the Binance World Championship aims to blend the excitement of these…

Blockstream CEO Adam Back has reacted to a new Exchange Traded Fund (ETF) designated to short the shares of MicroStrategy Incorporated. Adam Back described the Defiance 2X Short MSTR ETF product as a “terrible” one that might not yield the desired result. Adam Back thesis Known as a major advocate of Bitcoin (BTC), Adam Back has come to realize the key correlation between the digital currency and MicroStrategy. Recall that MicroStrategy is considered the second-largest corporate holder of Bitcoin, with over 210,000 BTC in its portfolio. In Adam Back’s view, even if the sponsors of the ETF believe the MicroStrategy…

The total value locked (TVL) in EigenLayer’s restaking protocol has surged to $20.09 billion, positioning it as the second-largest DeFi protocol after Lido. This notable rise highlights a significant achievement for EigenLayer, which began the year with a TVL of $1.4 billion and currently holds 5.21 million Ethereum (ETH). The recent figures underscore EigenLayer’s rapid growth and increased user interest in its unique restaking model. Contents hide 1 What Drove the Rapid Growth? 2 How Did Adjustments Impact Inflows? 3 Key Takeaways for Users What Drove the Rapid Growth? As of March, EigenLayer’s TVL was around $10 billion, with 2.93…

VanEck CEO Jan van Eck is convinced that the approval of spot Ethereum ETF has marked a historic shift. As noted by van Eck, the exchanges now have the green light to list Ethereum spot exchange-traded funds (ETFs). He has added that their prospectuses still need to be approved by the SEC. “We are in the process of getting comments from the SEC to get it in line with what their expectations are. I assume that it’s true for all the other applicants for the spot ETF approval,” the VanEck CEO added. Regulatory developments Following the passage of the Financial…

Cronos, a prominent layer-1 blockchain, has announced its integration with the community-building platform Galxe, according to the information shared with Finbold on April 22. The integration comes with Cronos’ Spring Odyssey campaign set to reward users with a whopping $35,000 in prizes. The campaign kicks off on April 22nd and will run for six weeks, concluding on May 31st. The Spring Odyssey campaign The Spring Odyssey campaign marks Cronos’ first major initiative with Galxe. Thirty projects have eagerly signed up to participate, covering a wide range of areas including decentralized finance (DeFi), non-fungible tokens (NFTs), and gaming. Notable Cronos-based projects…

Seoul – XOCIETY, the AAA third-person shooter game, has successfully raised $7.5 million in a pre-Series A funding round. The round was spearheaded by Hashed and the Sui Foundation, with additional investments from notable gaming entities such as Spartan, Neoclassic, Bigbrain Holdings, and KRAFTON.—The funding round capitalizes on the momentum generated by XOCIETY’s beta testing phase, which attracted over 3,000 users from 76 countries. The beta phase recorded more than 11,000 hours of gameplay and achieved a player retention rate of over 77% for a week or more. Developed by Team NDUs, XOCIETY merges RPG elements with a novel reward…

Japanese crypto exchange DMM Bitcoin has announced a 50 billion yen ($321 million) fundraising plan. The funds will be used to purchase Bitcoin to compensate customers affected by the recent hack. DMM Bitcoin operates under the umbrella of DMM.com, an enterprise active in several sectors, including entertainment, technology, and renewable energy. It is led by CEO Keishi Kameyama. Japanese Regulators Demand Investigation Into DMM Bitcoin Hack On Wednesday, DMM Bitcoin shared details of its fundraising strategy. The company aims to raise funds from its group companies through a 48 billion yen (~ $ $307.8 million) capital increase and 2 billion…