Author: NBTC

Ethereum price is struggling to clear the $3,840 resistance zone. ETH could gain bullish momentum if it clears the $3,840 and $3,880 resistance levels. Ethereum is holding gains above the $3,720 level. The price is trading above $3,750 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support near $3,760 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase unless there is a close below the $3,720 support. Ethereum Price Holds Support Ethereum price declined again below the $3,760 support zone. ETH retested the $3,720 support…

Neo has launched the Neo X Beta TestNet, bringing with it a new set of features as progress towards the MainNet launch continues. The latest iteration features multi-node governance capabilities in addition to an enhanced, bi-directional bridge between Neo N3 and Neo X. The Neo X Beta TestNet features major interoperability and governance upgrades, helping to better define the usage of the network’s only native asset, GAS. Unlike the dual NEO/GAS token model of Neo N3, Neo X will use GAS as both the governance and utility token. GAS will only ever be generated on the Neo N3 network as…

Crypto.news recently spoke with Bing Wang, Head of Legal at BasedVC, who shared his perspectives on the political ascent of cryptocurrencies and the upcoming regulatory transformations. As the 2024 U.S. elections approach, the political landscape around cryptocurrencies is undergoing major changes. Surprising alliances are forming in Congress, with crypto-friendly laws gaining bipartisan support. Key figures like Chuck Schumer and former House Speaker Nancy Pelosi, who have traditionally held differing views, are now emerging as unexpected allies. The Biden administration has begun to show a newfound openness with crypto policy, suggesting that skeptics like Senator Elizabeth Warren may soon find themselves…

Selling pressure from long-term and short-term holders contributes to bitcoin price fluctuations nearing the next halving event. Bitcoin faces selling pressure nearing halving event: Bitfinex Bitcoin (BTC) has shown considerable price volatility recently with fluctuations around the $70,000 level as holders realize profits, according to the latest “Bitfinex Alpha” report. Both short-term (STH) and long-term holders (LTH) are shedding a part of their positions as the next halving event approaches. “Bitcoin is currently experiencing a consolidation phase, navigating a sideways range between $65,000 (range low) and $71,000 (range high). This movement indicates that the price is beginning to stabilize, even…

Blockchain security platform Ironblocks has a new tool for DeFi developers who want to add security to their smart contracts. At launch, the service has three big-ticket users: the zkEVM chain Linea, AltLayer and the layer-2 network Kinto – with more on the way. A cottage industry of crypto security firms police the aftermath of protocol hacks and heists. Now one of them is out with a “firewall” aimed at stopping those thefts beforehand. Blockchain security platform Ironblocks’ new tool is a free service for developers who want to add security to their smart contracts, CEO Or Dadosh told CoinDesk.…

Speaking to crypto.news, Roman Levi, CTO of Playnance, shared his insights on Ethereum’s scalability challenges and the emerging solutions that might address these issues. Ethereum has long stood at the forefront of blockchain technology, emphasizing security and decentralization. However, as the digital landscape evolves, so too does the challenge of maintaining scalability without compromising its foundational principles. High transaction fees and slower processing times are increasingly driving users and developers towards more efficient alternatives. The persistent quest for balance between core principles and performance is a central theme as Ethereum explores solutions like sharding and rollups. In the midst of…

Floki’s team announced on X that Revolut’s over 40 million users can now easily access the meme coin. Floki made several strategic partnerships earlier, including integrating with Binance Pay. Floki, alongside other meme coins, has rallied since Doge Day. Floki’s (FLOKI) team announced in an X post on Monday that the meme coin would be listed on the popular neobank and Fintech platform Revolut. Floki could rise further following key partnerships to boost retail usage. Bitcoin halving and Doge Day propelled meme tokens to record gains Floki joined several other meme coins in an impressive weekend, recording more than a…

The Commodity Futures Trading Commission (CFTC) has appointed Aptos Labs CEO Moe SHAIKH to its Digital Assets Markets Subcommittee, in what appears to be an attempt to bridge the gap between traditional financial markets and the digital asset industry. Shaikh’s appointment adds legitimacy to Aptos, a layer 1 blockchain launched in October 2022. The Digital Assets Markets Subcommittee, part of the Global Markets Advisory Committee (GMAC), plays a key role in shaping the CFTC’s rules on international trade and business. Founded in 1998, GMAC is comprised of leading financial executives from major companies such as Citadel, Goldman Sachs and HSBC.…

The Xai Foundation, the core contributor to the Ethereum layer-3 gaming network Xai built on Arbitrum, announced Wednesday that it has teamed up with venture capital firm Outlier Ventures to help bring more traditional or “Web2” developers into the space. The Xai Tokenomics Bootcamp is designed to streamline the development process for new blockchain games and help support the transition of existing Web2 games into models that work well with crypto infrastructure. Developers can tap Outlier Ventures’ expertise in areas such as game asset ownership, token utilization, player rewards, and enhanced security. According to the companies, two games have already…

Curious about what is a Bitcoin ATM? Learn about these electronic kiosks that let you buy or sell Bitcoin and other cryptocurrencies. Recently, the popularity and mainstream acceptability of Bitcoin (BTC) have been growing, especially given the Jan. 10 approval of spot Bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). The move meant that more people could now take advantage of Bitcoin’s price movements without actually having to own the cryptocurrency itself. This helped boost Bitcoin’s price to its highest ever and, more importantly, made it more legitimate as something you can invest in and use…