Author: NBTC

Widely followed cryptocurrency analyst Benjamin Cowen is warning that the price of Ethereum (ETH) could depreciate drastically. Cowen tells his 801,000 YouTube subscribers that Ethereum has fallen below the Bull Market Support Band (BMSB), an indicator consisting of a 20-week simple moving average and a 20-week exponential moving average used to determine whether the price of an asset is in bullish or bearish territory. “The last time that Ethereum fell below its Bull Market Support Band was actually about 30 weeks ago. Or the last time it was below its 20-week simple moving average was about 30 weeks ago. So…

New York-based hedge fund Renaissance Technologies went in big on GameStop before this week’s crazy rally, acquiring over 1 million shares in the game store franchise as of March 2024, according to documents filed with the U.S. Securities and Exchange Commission. In the first quarter filing, Renaissance Technologies—an algorithm-based investment firm—said it held 1,004,958 shares of GameStop, valued at $12,582 at the time. GameStop (GME) has risen sharply in the last 72 hours since the apparent return of fabled trader Keith Gill, aka “Roaring Kitty,” sent traders into a frenzy. On Tuesday, the price of GameStop’s stock surged 130% to…

Web3 infrastructure platform Astar Network, with its origins in Japan and recent global expansion, is proud to announce the launch of the TGE Catalyst Grant in stablecoins. This program will help emerging tokens on the Astar zkEVM platform through the pre-token generation event (TGE) phase. This initiative offers a comprehensive assistance system to companies wanting to establish services on the blockchain, with the goal of breaking records for token launches inside the Ethereum Layer-2 ecosystem. Apply here. With the support of key partnerships with prominent CEXs like HTX, Gate.io, Bitget, MEXC, and Poloniex, the TGE Catalyst Grant expedites the listing…

The halving of the bitcoin block reward isn’t the only thing happening on Bitcoin block #840,000 in the early hours of April 20. The event will also mark the launch of Runes, a new standard for fungible tokens issued directly on Bitcoin. Casey Rodarmor, the creator of Ordinals, developed Runes as an alternative to BRC-20, the first bitcoin fungible token system built on Ordinal inscriptions. Bitcoin was not designed to support such tokens, and BRC-20s only work with help from off-chain indexers that read the data inscribed, a suave way of saying “written to” individual satoshis — rather like shoving…

Solayer, a startup building a product akin to EigenLayer on Solana, opened restaking deposits Thursday afternoon. The invite-only deposit period was capped at $20 million dollars. Users could natively restake SOL on Solayer, or deposit the liquid staking products mSOL, bSOL, JITOSOL, and INF. With the private access launch, Solayer becomes a horse in the race to build a restaking ecosystem on the Solana blockchain. Few Solana restaking protocols have gone live, with the exception of Picasso, which runs its own version of Solana restaking. Read more: Robinhood enables Solana staking for customers in Europe Perhaps in a testament to…

A customer sued Dolce & Gabbana USA on Thursday, claiming the NFTs they purchased lost 97% in value due to the company’s bungled delivery. Bloomberg reported Friday that the Italian fashion house sold the NFTs on Ethereum, promising “a slate of digital, physical and experiential benefits.” It reportedly told consumers that buying its DGFamily NFTs would unlock access to various digital rewards, physical products, and exclusive events. The lawsuit further alleges that Dolce & Gabbana failed to deliver the NFTs and promised benefits on time. The digital outfits, which arrived 20 days late, “could be used only in a metaverse…

Recently 21Shares, a leading company in the issuance of ETPs linked to crypto, analyzed the impact of the technical improvements that will be made by the upcoming Pectra update to the Ethereum blockchain, scheduled for Q4 2024/Q1 2025. On paper, Pectra should bring greater efficiency to the capital locked in staking and greater flexibility in terms of transaction management. In particular, the EIP-7702, recently proposed by Vitalik Buterin, if included in Pectra (replacing EIP 3074) could provide new smart contract functionalities to users’ EOA wallets adding very interesting features.Let’s see what it’s all about. 21Shares: the largest ETP manager studies…

NATIX, a leading decentralized finance, and conventional finance continue, has achieved a significant accomplishment by securing $4.6 million in strategic funding. The achievement has been made possible thanks to the backing from some of the market leaders in the Web3 and blockchain industries. Three prominent whale investors include DCG, Crypto.com, and Velocity Capital who are now added in the list of NATIX supporters. #NATIXIANs, we recently secured $4.6 million in funding thanks to some of the biggest investors in the Web3 and blockchain space 💪Now, three more names, no less impressive, join that list of investors:@DCGco@cryptocom@velocitycap_Read about it 👇https://t.co/cX0juXeaSx —…

David Schwartz, Chief Technology Officer of Ripple, has provided clarity on the timeline for the launch of the company’s stablecoin. Addressing recent speculation, Schwartz clarified that the stablecoin’s launch is not scheduled for June, contrary to some interpretations. Instead, he indicated that updates, including the announcement of the stablecoin’s name, are expected to be shared in June. This clarification follows Ripple’s recent announcement of its entry into the stablecoin market, aiming to enhance the stability and accessibility of the XRP Ledger. The company intends to achieve this by backing the new stablecoin with a combination of U.S. dollar reserves and…

Global payments infrastructure provider Mercuryo announced the integration of its on-ramp solutions into Meteor Wallet. The wallet supports multiple blockchains, digital tokens, and decentralized finance (defi) applications. The feature lets users purchase cryptocurrencies using credit and debit cards or Apple Pay. It facilitates access to the NEAR protocol, a layer-one blockchain that operates as a community-run cloud computing platform. Meteor Wallet is an interface for managing digital tokens and accessing defi services and decentralized applications (dApps) on the NEAR blockchain. Good news for the NEAR fam! 🫠​​Welcome Meteor Wallet 👉🏽 and get ready to access NEAR ecosystem with ease: buy…