Author: NBTC

Ethereum’s price has faced challenges breaking below the critical $3K support region, with a recent bullish rebound driven by heightened demand near this level. However, a substantial resistance region looms ahead, potentially halting the current momentum. By Shayan The Daily Chart An analysis of the daily chart shows that Ethereum sellers have been attempting to push the price below the crucial $3K support region, which aligns with the 0.5 ($3133) and 0.618 ($2906) Fibonacci levels. Despite these efforts, ETH recently experienced a bullish rebound due to significant demand around this key threshold, reaching the upper boundary of a multi-month descending…

Neo has made progress in addressing the security breach that occurred on Feb. 8, 2023, involving unauthorized token transfers from the N3 migration service. As a result, tokens from one of the three addresses used by the attacker have been recovered. The attacker, who surfaced on Feb. 13, 2023 demanding a ransom, verified their involvement by sharing the private key for one of the addresses. Since the breach, Neo Global Development has continued efforts to secure the network and recover lost assets. By April 15, 2024, using the private key provided by the attacker, NGD successfully reversed the unauthorized transactions.…

To bolster its institutional trading offerings, popular crypto exchange OKX has announced a collaboration with Hidden Road Partners, a credit network for institutions. The partnership aims to provide Hidden Road’s clients with access to OKX’s deep liquidity and faster execution of complex trading strategies. As part of the collaboration, OKX will focus on integrating its Nitro Spreads service with Hidden Road’s prime brokerage services. Nitro Spreads enables the execution of futures and basis spreads, as well as funding rate arbitrage strategies. The integration is set to offer several advantages to Hidden Road’s institutional client base. These benefits include on-demand access…

The Bitcoin halving, an important event written into the cryptocurrency’s code, is two days away. This event, which occurs roughly every four years, reduces the rewards for Bitcoin miners by half. The cryptocurrency community is abuzz with anticipation ahead of the halving, especially given recent developments such as the approval of spot Bitcoin ETFs and improved crypto regulations. The 2024 halving is expected to have ripple effects throughout the entire financial system as retail investors gain exposure to Bitcoin through ETFs. This could result in increased crypto transactions, trading volume, investment, and speculation in the space, Finance Magnates reported. According…

The fate of the much-anticipated Spot Ethereum (ETH) (ETF) hangs in the balance, with a decision by the SEC expected in three days. Cryptocurrency trader Crypto Rover, founder of CryptoSea, believes the market widely anticipates a rejection of the ETF. He suggests that this bearish sentiment may already be factored into current Ethereum prices. However, Crypto Rover argues that an approval could trigger a significant price increase for Ethereum. “In exactly 3 days we will have the Spot #Ethereum ETF decision. The consensus is that they will be denied, causing this bearish scenario to be already priced in. But in…

LayerZero, a protocol enabling connections between incompatible blockchains, has given sybil airdrop farmers an opportunity to self-report their addresses by May 17 in exchange for a reduced token allocation. According to LayerZero, those who decide to come forward will receive 15% of their intended allocation, while those who do not are at risk of receiving “nothing” from the planned token airdrop. Sybil airdrop farming refers to an ostensibly deceptive practice where individuals engage in Sybil attacks by creating multiple fake identities or accounts to exploit airdrop programs. A Sybil attack is enacted when an individual creates numerous false accounts to…

Cryptocurrency exchange OKX announced the launch of Bitlayer, a pioneering Layer 2 solution that provides security equivalence for Bitcoin based on the innovative BitVM paradigm. Strategic Investment in Bitlayer from OKX Bitlayer aims to improve Bitcoin’s transaction capabilities by championing cutting-edge technologies such as Taproot and BitVM. By leveraging the Discreet Log Contract (DLC) framework, Bitlayer enables it to manage a wide range of contingent financial applications with high security. This approach aims to pave the way for more efficient and secure transactions by addressing the scalability issues of the Bitcoin network. Over the past 15 years, Bitcoin has been…

We’re just days away from the next Bitcoin halving, and on-chain activity leading up to the event points to a cycle unlike any other. As public trust in Bitcoin surges, we’re seeing transaction volumes surpass previous cycles and more gradual but consistent price growth. This combination of record-high transactions and relative price stability suggests a milder halving event followed by a more sustained growth cycle in the coming months. Record-high transactions The industry has experienced a sustained increase in BTC transactions leading up to every consecutive halving, with 2024 seeing the highest daily transaction volume and more extreme spikes in…

Vitalik Buterin, creator of Ethereum, recently provided an update on the ETH roadmap, detailing significant progress and upcoming developments for the blockchain network. This follows the recent Dencun upgrade, implemented on March 13, which aims to reduce costs for layer-2 transactions and improve data availability. The Dencun upgrade introduced proto-danksharding, also known as EIP-4844, which allows for the inclusion of data “blobs” in blocks. This upgrade marks a substantial improvement in network efficiency, building on the previous successes of the Merge and Shanghai upgrades. The next in line are The Verge and The Purge upgrades. The first will see the…

Elon Musk’s favorite cryptocurrency is far, far away from an all-time high price of $0.73 set in 2021. But for a majority of Dogecoin holders, there’s little reason to tuck their tail in between their legs. Some 77% of Dogecoin (DOGE) holders are in the money—meaning the cryptocurrency’s price is above what it was relative to when people bought it—according to IntoTheBlock. With 21% of Dogecoin holders posting paper losses, that leaves a 2% sliver of holders at breakeven. The original meme coin with a market capitalization of $20 billion was created in 2013 as a joke, but it has…