Author: NBTC

Leading on-chain analyst James Check, popularly known as Checkmatey, has recently delved into the intricacies of Bitcoin’s market dynamics, offering a detailed on-chain data analysis that sheds light on the forces driving Bitcoin prices. His latest insights highlight a period he describes as “Quiet and Trending,” suggesting a robust underpinning despite significant sell-side pressures and shifts in volatility. Bitcoin Follows The Stair-Stepping Rally-Consolidation-Rally Pattern Since December, Bitcoin has experienced substantial sell-side pressure, with over 1.5 million BTC being sold. “Around 30% of this came out of GBTC, but the rest of it was good old fashioned profit taking,” Check explains.Despite…

NEO, frequently called “China’s Ethereum,” is a robust software network that facilitates the development of decentralized applications (dApps) and services. With its support for multiple programming languages and unique consensus mechanism, NEO stands out in the blockchain space. This article delves into what NEO offers and guides potential investors on how to buy NEO with Turkish Lira (TRY). Contents hide 1 What is NEO (NEO)? 2 How to Buy NEO (NEO) with TRY? 3 Key Insights for Users 4 Conclusion What is NEO (NEO)? NEO is a multifaceted software network that enables the creation and trading of decentralized products and…

The second quarter in crypto was marked by Bitcoin (BTC) and Ethereum (ETH) trending down, BTC miners selling their reserves at a rapid pace, and layer-2 blockchains activity leaping four times, according to IntoTheBlock’s “On-chain Insights” newsletter. Bitcoin’s price fell by 12.8% following its fourth halving on April 20, and an anticipated price surge caused by a supply shock did not materialize. IntoTheBlock analysts shared that this is likely due to long-term holders taking profits in 2024. Image: IntoTheBlock Moreover, miners have offloaded over 30,000 BTC in June alone, which amounts to near $2 billion. Again, the halving could be…

The official marketing expert of the SHIB developer team, Lucie, has published two posts on her X account, both of which are notable and of major importance. One of them was Lucie’s warning to those crypto community members who continue to show hatred and FUD (“fear, uncertainty, doubt”) against SHIB and Shibarium. She also published an important recap of the key achievements the project has made so far this year. SHIB team’s response to haters Lucie issued a tweet, addressing those who keep directing critiques and FUD at the SHIB team and its products. She assured followers that SHIB is…

Every third Web3 user plays crypto games. In May 2024, the number of daily unique active wallets in GameFi exceeded 3 million, setting a new all-time high. As blockchain games amass new audiences, the existing infrastructure becomes insufficient, and projects devise new dedicated solutions that take scalability to new heights. This way, the GameFi industry has become one of the primary growth drivers of Layer-2 and Layer-3 solutions. Introduction GameFi, the blockchain gaming world has quickly emerged as one of the essential sectors in Web3 with a third of users who now play crypto games. This has risen sharply as…

Base, a famous Ethereum L2 chain offering a cost-effective, secure, and developer-friendly environment for on-chain development, has announced a new move. As per the company, it has effectively executed the Multi-Chain Prep update to reach near the establishment of a Superchain with interoperability. The platform revealed this endeavor on its official social media account on X. Today, we implemented the Multi-Chain Prep upgrade that takes us one step closer to an interoperable SuperchainChains that have completed this upgrade will all run the same code under the hood, enabling consistent upgrades and strengthening securityhttps://t.co/cbLf4OI9jA — Base (@base) June 28, 2024 Base…

A cryptocurrency analyst and trader believes Bitcoin (BTC) is no longer at risk of a further market correction. The analyst pseudonymously known as Rekt Capital tells his 76,900 YouTube subscribers that based on historic precedence Bitcoin has left the phase, or “danger zone,” when there is a likelihood of a dip below its range low after the halving event when miners’ rewards are cut in half. “Essentially speaking, the danger zone, the post-halving danger zone, which is a three-week window where Bitcoin can produce downside volatility below its current reaccumulation range low, that danger zone is over. And that terror…

Paxos Lift Dollar offers users a programmatic daily rate of around 5%, aligned with returns on U.S. Treasury bonds. USDL is regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). Cryptocurrency trading platform Paxos has introduced a yield-generating, USD-denominated stablecoin called the Lift Dollar (USDL), regulated in the United Arab Emirates (UAE), the company said on Wednesday. The stablecoin is issued by Paxos International, the firm’s UAE division, and regulated by the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). The largest stablecoin issuers, such as Tether and Circle, gather billions of…

Digital Shovel Holdings Inc. has filed a lawsuit against RK Mission Critical LLC, RK Mechanical LLC, and RK Industries LLC in the US District Court for the District of Colorado, accusing them of patent infringement, according to a press release sent to Bitcoin Magazine. The dispute revolves around Digital Shovel’s V-Shape technology, designed to increase miner density in crypto mining containers. Digital Shovel developed the V-Shape technology in 2018, securing patents in 2022, 2023, and 2024. These patents enable a 30% increase in miner density, providing significant operational advantages. According to the complaint, Compute North, a client of RK Mission…

In a surprising move, the former CEO of Binance, CZ, has resurfaced on social media to remind everyone of a Bitcoin (BTC) prediction he made five years ago. CZ, who is currently serving a four-month prison sentence in the U.S., referred to a 2019 post where he predicted significant changes once Bitcoin’s price surpassed $8,000. With Bitcoin now trading above $66,000 and having reached highs near $74,000, his forecast appears accurate. 5 years ago… — CZ 🔶 BNB (@cz_binance) May 16, 2024 CZ’s reappearance on social media has sparked curiosity, especially given his current legal troubles. In April, he was…