Author: NBTC

The price of Bitcoin (BTC) has fallen to $66,680, but remains above its 21-day moving average. The largest cryptocurrency was on the verge of a recovery or a collapse. Long-term forecast for the Bitcoin price: bullish Bitcoin rose sharply on June 3, reaching the psychological price level of $70,000. Prior to this, the Bitcoin price moved in a range of $66,400 to $70,000. On May 31, the bears pushed Bitcoin to a low of $66,800 and attempted to break the 21-day SMA support. Bitcoin recovered and reached its previous high of $71,071. The cryptocurrency is currently worth $70,378. On the…

Velodrome, a prominent liquidity and trading forum, has recently announced the expansion of its Superchain. As per the company, this time it has expanded the project to Lisk (an Ethereum layer 2) that operates under Optimism Superchain. The respective project will operate as the 3rd Superchain layer 2 containing Velodrome deployment. The project potentially solidifies the company’s role as the liquidity hub regarding Superchain. Velodrome’s Superchain expansion continues to @LiskHQ.This will be the third Superchain L2 with a Velodrome deployment, solidifying our role as the Superchain’s liquidity hub. 🌍Read more about this exciting partnership and the synergy expected below. 👇…

DTCC Digital Assets global head and managing director Nadine Chakar made a compelling case for the benefits of tokenization in her testimony before the House Financial Services Subcommittee on Digital Assets on June 5. Chakar’s testimony centered on the transformative potential of tokenizing real-world assets and its implications for the US financial markets. She highlighted DTCC’s pivotal role in modernizing the financial industry through digital securities and tokenization solutions. The firm has been a cornerstone of financial market infrastructure for over 50 years, processing a staggering $3.0 quadrillion in securities transactions in 2023 alone. She told lawmakers: “Tokenization represents a…

Cryptocurrency analyst and trader Jason Pizzino is offering his thoughts on the potential trajectory for the digital asset market going forward. Pizzino tells his 328,000 YouTube subscribers that the Average True Range indicator is suggesting that “another significant move” is imminent for Bitcoin (BTC) and other crypto assets. The ATR is used to measure the volatility of an asset with higher values indicating higher volatility and lower values indicating lower volatility. According to Pizzino, Bitcoin recently witnessed a relatively small range and this could portend a bullish move ahead. “Basically, we’ve seen one of the smallest days since January. So…

Speaking at Token2024 in Dubai, blockchain veteran Gavin Wood unveiled plans for a new protocol called JAM Chain built atop Ethereum and Polkadot principles. Wood is a blockchain developer with a decade of experience who is credited with co-founding multiple major decentralized networks, including Ethereum (ETH), Polkadot (DOT), and Kusama (KSM). The University of York alumni is also particularly known as the original author of Ethereum’s Yellow Paper, the formal definition of crypto’s second-largest blockchain after Bitcoin (BTC). Gavin Wood: Polkadot JAM chain is a protocol, not software Gavin Wood’s presentation at the Token2024 blockchain conference in Dubai introduced the…

Introduction Smart contracts are emerging as a fundamental innovation within the blockchain ecosystem, catalyzing new opportunities for automated and trustworthy digital transactions. By enabling contracts to execute without the need for intermediaries, they are redefining traditional processes across a myriad of industries including finance, real estate, and supply chains. For a deeper understanding of their potential and how they are shaping the digital economy, exploring platforms like the Oriole Insights App, a leading crypto prices prediction platform, can provide valuable insights. Overview of Their Significance in the Blockchain Ecosystem Smart contracts are more than just a technological innovation; they are…

Bitcoin (BTC) currently trades within an ascending channel. The rally in the past few days has pushed the leading coin’s price toward the upper line of this channel. If the coin successfully crosses above this line, it will have breached a key resistance level of $72,690. Bitcoin “Big Boys” Weigh In Bitcoin’s recent rally above $70,000 is partly due to the uptick in the coin’s whale activity over the past few weeks. On-chain data reveals a significant increase in the number of large daily transactions over the past 30 days. BTC transactions valued between $100,000 and $1 million have surged…

Blockchain.com, the leading crypto finance company, has formed a new partnership with Unstoppable Domains to launch its new Web3 domain: “.blockchain”. This domain will be enabled for DNS through a request to the Internet Corporation for Assigned Names and Numbers (ICANN). Blockchain.com: the crypto company and its new Web3 domain enabled for DNS Blockchain.com: the crypto company partners with Unstoppable Domains for the Web3 domain Unstoppable Domains and Women in Tech sponsored by President Macron Blockchain.com: the crypto company and its new Web3 domain enabled for DNS Blockchain.com collaborates with Unstoppable Domains to launch its new DNS-enabled Web3 domain: “.blockchain”.…

Over the last four years, President Joe Biden has demonstrated a clear reluctance to support the Bitcoin and cryptocurrency industry, as recently evidenced by his veto of significant legislation and the broader stance of his administration. On May 31, Biden vetoed a pivotal bill that would have allowed highly trusted financial institutions to custody Bitcoin and other cryptocurrencies. BREAKING: 🇺🇸 President Biden vetoes bill that would allow highly regulated financial firms to custody #Bitcoin and crypto. pic.twitter.com/TMHavdWRx7 — Bitcoin Magazine (@BitcoinMagazine) May 31, 2024 The legislation in question had garnered bipartisan support in both the House and Senate. It aimed…

This week saw a positive turn for the non-fungible token (NFT) market, with sales climbing more than 17% after a period of decline. The total sales reached $145.3 million, involving nearly 230,000 active buyers and sellers. Blockchains by NFT sales volume The Bitcoin (BTC) network led the charge in NFT sales among blockchains, It hit $47.74 million — a notable rise of 50.33% from last week. The network also registered more than $39,000 in wash trading — 15.39% higher than last week’s numbers. Despite the improved sales volume, the Bitcoin NFT space registered a nearly 96% drop in the number…