Author: NBTC

Following a modest bullish rebound from the significant support levels at $59K and the 100-day moving average, bitcoin has approached a critical resistance at $72K. The price action at this key level likely sheds light on the cryptocurrency’s next major move. By Shayan The Daily Chart A detailed analysis of the daily chart shows that the $72K-$74K price range has acted as a formidable resistance for bitcoin, halting several upward attempts in recent months. This range is characterized by a high level of supply, resulting in substantial selling pressure and making it a challenging barrier for BTC buyers to overcome.…

Vitalik Buterin believes this practice for Ethereum will bolster the network’s security. The checksum address is a key concept in Ethereum that might push the risk of errors and potential losses in transactions down significantly. In the ERC-3770, Buterin made some important recommendations, one of which was that this might be the best chance to require mixed-case checksum addresses. All wallets, especially those using ERC-3770, are urged by Buterin to make sure they are only producing checksummed addresses. To help prevent errors, Ethereum addresses can be encoded using checksummed addresses, but what are checksummed addresses exactly? In an address string…

Canada has a well-developed cryptocurrency market with numerous regulated exchanges and a growing number of cryptocurrency investors. As cryptocurrency becomes increasingly mainstream, the subject of cryptocurrency taxes is becoming ever more relevant. In this article, we will provide a quick explanation of crypto taxes in Canada and address some of the most common questions Canadian crypto users have about taxes. What are the crypto taxes in Canada? In Canada, income from cryptocurrency-related transactions is either considered as a capital gain or as business income. 50% of the capital gain made from cryptocurrency investing is taxable. For example, if you purchased…

There is a growing evolution in digital currencies, with protocols linked to the Ethereum ecosystem recording a significant surge in total user count. Taking to X, Polygon cofounder Mihailo Bjelic shared an update that shows the layer-2 scaling solution has now topped Ethereum in total Monthly Active User (MAU) count. Ethereum versus layer-2 networks While Ethereum is the foundational network for layer-2 scaling solutions, it is fast losing some of its growth traction to these secondary protocols. Per data shared by Bjelic, the Polygon MAU jumped to more than eight million, while that of Ethereum stayed below the eight million…

As the 2024 U.S. election cycle unfolds, the cryptocurrency industry’s political influence is rapidly expanding, poised to shape legislative agendas and potentially sway electoral outcomes. With the sector investing heavily in political campaigns and advocacy groups, candidates are increasingly aligning themselves with pro-crypto platforms to court a growing voter base of crypto holders. According to Brad Garlinghouse, CEO of Ripple, candidates’ stances on crypto could significantly influence voter decisions, making advocacy for clear regulations crucial for this industry. You’ll hear this a lot more in the next few months in the US – candidates will only gain votes for being…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. These days, the internet has become our second home. It’s where we communicate, work, shop, and socialize. But lurking beneath the surface lies an unsettling truth: we are being watched. Online surveillance has grown into an unprecedented force, infringing on our privacy and encroaching into every aspect of our lives. I believe blockchain technology holds the key to reclaiming our digital freedom. You might also like: What’s better than owning your assets? Owning your data | Opinion…

As of May 27, 2024, bitcoin is trading at $68,457 with a market capitalization of $1.34 trillion. The leading crypto asset has experienced an intraday price range of $68,308 to $69,340 with a 24-hour trade volume of $10.74 billion. Bitcoin The short-term analysis based on BTC’s 1-hour chart reveals a slight downward trend following a failed attempt to maintain the $69,500 level. The support level is established at $68,136, with resistance at $69,500. Recent price action shows consolidation around the $68,500 to $69,000 range, indicating a potential stabilizing phase. Notably, volume spikes during price drops highlight strong selling pressure, while…

Ethereum (ETH) has been conquering traditional finance attention, especially among relevant institutional players. Now, Standard Chartered, a banking giant with over $822 billion in assets under management (AUM), has also made its move. According to a Bloomberg report, Standard Chartered plans to offer Ether and Bitcoin (BTC) in a new crypto trading desk. If accomplished, the move will make StanChart the first major global bank to offer this service. “We have been working closely with our regulators to support demand from our institutional clients to trade bitcoin and Ethereum, in line with our strategy to support clients across the wider…

Tokenization adoption will happen in waves led by assets such as mutual funds, bonds, loans, McKinsey said in a report. Many institutions are still in “wait and see” mode while early movers can capture “oversized market share,” the report added. The market of tokenized assets might be just $4 trillion even in an optimistic scenario by 2030 as financial institutions embrace blockchain technology for traditional financial instruments at a slower pace and limited range of assets than more optimistic reports predicted, global consulting firm McKinsey & Company said in a Thursday report. “Broad adoption of tokenization is still far away,”…

The cryptocurrency market experiences notable price fluctuations, with most assets failing to maintain upward momentum. Bitcoin (BTC) displays weakness after losing nearly 4% over the past day to hover at $66.79K during this writing. While such an outlook painted the altcoin sector red, Gnosis (GNO) defied the bearish odds with a notable uptick. GNO’s price jumped nearly 10% over the past day to $354, confirming stability amid market volatility. GNO 1D Chart on Coinmarketcap What triggered the Gnosis price surge? The altcoin has maintained an upside stance lately, gaining around 25% within the past month. Meanwhile, news about the community…