Author: NBTC

According to prominent trader Josh Olszewicz, Bitcoin might be on the cusp of another bearish reversal. The indicator is comprised of five different lines, two of which comprise the cloud (which can be either red or green). The blue line, which can be seen in Olszewicz’s chart, is called the “conversion line” or the “Tenkan” line. It represents the average for the last nine periods. It can be comparable to regular moving averages, but it has a higher level of precision. The red line is called “the base line” or the “Kijun line.” It shows the midpoint price of the…

General Updates Neo launched the Neo X Beta TestNet, bringing with it a new set of features as progress toward 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 also features 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. Neo Global Development and R3E Network researchers have released an academic paper discussing…

An investigation into the law firm Sullivan & Cromwell LLP, which worked with the now-defunct crypto exchange FTX, revealed that the firm was neither involved in the fraud nor aware of the financial troubles that plagued the collapsed trading platform. Sullivan & Cromwell Cleared of Negligence in FTX Collapse Following a recent investigation, former U.S. prosecutor Robert Cleary disclosed that Sullivan & Cromwell LLP was neither implicated in the fraud at FTX nor aware of any misconduct. According to a report from Reuters, Cleary found no proof that the law firm overlooked “red flags” while working with the FTX bankruptcy…

Binance has announced support for upcoming network upgrades and Hard Forks of Sei (SEI) and Kadena (KDA) to ensure the best user experience. Binance Announces Support for Sei (SEI) and Kadena (KDA) Network Upgrades and Hard Forks Sei (SEI) Network Upgrade Details Upgrade Time: The Sei (SEI) network upgrade is scheduled to occur at approximately 27-05-2024 18:00, at block height 79,123,881. Suspension Time: Binance will suspend token deposits and withdrawals on the Sei (SEI) network starting approximately 27-05-2024 17:00. Kadena (KDA) Network Upgrade Details Kadena (KDA) network upgrade and Hard fork will occur at approximately 03:00 on 30-05-2024, at block…

The Web3 ecosystem is swiftly evolving into a cross-chain bridges landscape, characterized by a proliferation of decentralized applications spanning hundreds of distinct blockchains and layer-2 solutions. Each of these platforms operates with its unique approach to addressing matters of security and trust. This trend is expected to persist, driven by the persistent challenge of blockchain scalability, further amplified by the introduction of new blockchains, layer-2 and layer-3 solutions, and self-contained networks like application-specific blockchains. These tailored networks cater to the specific technical and economic prerequisites of individual or smaller clusters of decentralized applications. However, an inherent limitation persists: blockchains inherently…

In 2024, Bitcoin exchange-traded funds (ETFs) have drawn considerable attention, primarily fueled by the retail sector, while major banks and traditional financial institutions remain on the sidelines. During an interview at Paris Blockchain Week, VanEck CEO Jan van Eck shared insights with Cointelegraph about the dynamics shaping the Bitcoin ETF market in the United States. Jan van Eck expressed his surprise at the rapid success and high volume of capital flowing into these ETFs, which have seen days with inflows in the billions of dollars. “I was surprised, but I don’t think it’s traditional investors yet. “I still think 90%…

Less than 0.5% of Runes tokens were successful, highlights analyst Since the Runes launch, less than 0.5% of the meme coins created using this protocol were “successful.” Guiriba, a crypto analyst at Brazilian research firm Paradigma Education, shared on X that only 77 meme coins in the over 20,000 tokens launched have over 500 holders. Guiriba describes that the two most common ways to acquire Runes meme coins are through airdrops given to holders of non-fungible tokens (NFTs), or minting them on a “fair launch” model, open to anyone interested. “In the second category, traders can find meme tickers at…

New York Attorney General Letitia James has warned the cryptocurrency industry that she will go after those companies that refuse to play by the same rules as everyone else. Earlier this week, James announced a $2 billion settlement with embattled cryptocurrency lender Genesis. She decried the lack of oversight that had led to massive losses for victims. Gemini, Genesis and the Digital Currency Group were sued by the NYAG back in October 2023 over the controversial Gemini Earn cryptocurrency investment program. The fraud loss claim against Barry Silvert’s crypto giant was then tripled in February in an amended complaint. As…

OKX, a prominent figure in the realm of Web3 technology, has recently made a significant stride by integrating the NEAR protocol into its versatile OKX Wallet, as part of their latest updates announced on May 27, 2024. This development is set to reshape user interactions within its platform by providing expanded access to a vast array of decentralized applications. Expanding Horizons with NEAR Protocol Integration The integration of the NEAR protocol into OKX Wallet marks a notable enhancement in its utility, allowing users to seamlessly view and transfer NEAR tokens. This strategic move enriches the user experience by connecting them…

TaskOn, a famous Web3 platform accomplishing diverse projects with decentralization, has announced a new collaboration. As per the firm, it has joined forces with Hashstack, a permissionless zk-local money market forum. The platform took to its official X account to provide the details about this partnership. 🥳 We are thrilled to announce our partnership with @0xHashstack, leveraged yield farming on #Starknet.🚀 Built on Starknet, Hashstack leverages the capability of zero-knowledge proofs to provide a cost & capital-efficient lending solution. Explore more on Hashstack Community!… pic.twitter.com/3mh9qaNsU5 — TaskOn | A Web3 Task Collaboration Platform (@taskonxyz) May 27, 2024 TaskOn and Hashstack…