Author: NBTC

Bitcoin price climbed above the $66,000 resistance zone and started consolidation. BTC is now eyeing the next move above the $67,200 resistance zone. Bitcoin is eyeing a decent increase above the $67,200 resistance zone. The price is trading above $65,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $65,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $67,200 resistance zone. Bitcoin Price Eyes More Upsides Bitcoin price started a fresh increase above the $65,500 and $66,000…

CryptoPunks dominated the market with a daily sales volume for the second consecutive day on Wednesday. The Ethereum-based non-fungible token (NFT) collection recorded over US$1.25 million in daily sales with eight total transactions attributed to seven unique buyers and sellers each. CryptoPunks led the market despite a 25% sales drop from the day prior. Its US$1.7 million daily sales volume also led the market on Tuesday, according to CryptoSlam data. CryptoPunks’ two-day dominance was not able to keep Ethereum, its host chain, at the top of the blockchain rankings for NFT sales. Bitcoin collections collectively achieved US$6.68 million in sales…

Blockdaemon, a crypto infrastructure provider, said it is adding Liquid Collective’s ecosystem to its platform, this in turn will allow its developers to contribute to the ETH liquid staking protocol. In an announcement, Blockdaemon said it is supporting Liquid Staked ETH (LsETH) minting, redemption, and custody. This will mean “LsETH” will be integrated as the liquid staking solution in the Blockdaemon Wallet product. “Our decision to make LsETH the exclusive liquid staking solution within the Blockdaemon Wallet strongly reflects our commitment and enthusiasm for joining the Liquid Collective,” said Konstantin Richter, Founder and CEO of Blockdaemon in a press release.…

Minneapolis FED President Neel Kashkari stated that although he believes that interest rates will remain stable for a long time, the institution may consider an interest rate increase if necessary. Speaking at the Milken conference, Kashkari expressed concerns about the latest inflation data, questioning whether current monetary policy was restrictive enough to return price growth to the central bank’s 2% target. He shared these views in an article published on the institution’s website. “The most likely scenario is that we are here for a long time,” Kashkari said. He added that if inflation starts to fall or there is a…

Renowned for his influential presence in the world of XRP Ledger, Kaj Leroy, the founder of the widely acclaimed Xpunks NFT collection, has recently drawn attention with his comparative analysis of blockchain protocols. Leroy, in a recent discourse, offered insights into the current state of XRPL while juxtaposing it with Solana, sparking widespread discussion within the community. Leroy shed light on the ongoing challenges faced by XRPL, particularly emphasizing issues surrounding its automated market maker (AMM) functionality. He highlighted Ripple’s cautionary advice against utilizing the AMM due to inherent bugs, causing disruptions in transaction execution. The founder lamented the implications…

A new bill from House Financial Services Committee Democrats is expected to target crypto mixing services this week. Legislation from the minority party is unlikely to move the needle in the waning months of the House’s crypto negotiations, though its topic is at the center of discussions over illicit finance in the digital assets sector. Several Democrats on the House Financial Services Committee have a bill coming this week to target money laundering through cryptocurrency mixing services, said Rep. Sean Casten (D-Ill.), one of its backers. The legislation will “clamp down on mixers,” Casten said of the bill during a…

Purchases from foreign cryptocurrency exchanges, considered imports, have broken records in Brazil, putting some weight into the nation’s trade balance. During the last 12 months, cryptocurrency purchases reached $14.84 billion, after reaching $12.3 billion last year. Likewise, crypto imports reached $4.69 billion in Q1 2024, rising by 118% compared to the numbers registered in Q1 2023. Brazil Registers $4.69 Billion in Cryptocurrency Imports During Q1 2024 Cryptocurrency purchases, classified as imports in Brazil, have broken previous records and are starting to be significant in the country’s trade balance. Numbers released by the central bank indicate that crypto purchases rose to…

In an era where smart contracts are becoming increasingly complex and integral to the functioning of decentralized systems, the need for robust security measures has never been more critical. The recent partnership between SolidityScan and Avascan aims to address this very issue, focusing on enhancing the security of smart contracts deployed on the Avalanche network. Smart Contracts: Balancing Autonomy and Security Smart contracts, praised for their autonomy and transparency in decentralized systems, often come with inherent risks. Vulnerabilities in the code or poorly written contracts can lead to exploitation and significant fund losses. Traditional auditing firms, while effective, are often…

Reebok is stepping into the future of fashion with the launch of “Reebok Impact,” a groundbreaking AI experience created in collaboration with Futureverse, a leader in AI and the metaverse. Through “Reebok Impact,” sneaker enthusiasts can transform their favorite photo memories into custom digital sneakers, crafted in real-time by Futureverse’s AI.—To participate, users simply send their photo memories via Instagram DM to @reebokimpact. The AI will then design a personalized sneaker inspired by the colors and style of the image. Users can select from iconic Reebok models like the Pump, Classic Leather, or Club C, and customize their digital sneaker…

The Bitcoin halving has come and gone, and along with the milestone, the new Runes token protocol went live on the Bitcoin network. Since its launch on April 20, the Runes protocol has seen over eight thousand “etchings”—the preferred term for the deployment of Runes tokens—created on the Bitcoin blockchain, according to Ordinals and Runes launchpad Luminex. One trend that quickly emerged among these new digital assets was long and unusually formatted names. A quick browse of the nascent category on exchanges like Magic Eden reveals tokens with labels like “SYMPATHETIC•PARAMUTUALISM” and “WANKO•MANKO•RUNES.” Why the long names? The names of…