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Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Blockchain

What is zero-knowledge proofs? Understanding our digital shields

By NBTC

In recent years, Zero-Knowledge Proofs (ZKPs) have emerged as a formidable protector of online identities, particularly within the realm of Web3. By safeguarding personal information from theft and misuse, ZKPs play a critical role in enhancing privacy and security during online interactions. So what exactly are they and how can they improve our day-to-day lives? What are zero-knowledge proofs? Zero-knowledge proof is a cryptographic protocol that allows one party (the prover) to demonstrate to another party (the verifier) that a specific statement is true without revealing the information itself. This unique capability ensures sensitive data remains confidential while still enabling…

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Bitcoin

BTC Shows Consolidation Phase Amid Recent Volatility

By NBTC

Bitcoin’s price on May 29, 2024, reflects a period of consolidation following recent volatility. The current price stands at $67,739 with an intraday range of $67,201 to $68,880. Technical indicators and moving averages provide a mixed outlook, indicating both potential stability and the possibility of future movements. Bitcoin Bitcoin’s 1-hour chart reveals a high of $69,513 and a low of $67,193. The sharp decline followed by sideways movement signifies a lack of strong momentum in either direction. Volume spikes are seen during the sharp movements, yet recent lower volumes suggest trader indecision. Key levels to monitor are the support at…

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NFT

Ethereum NFT market slides as Blur farming scheme raises concerns

By NBTC

Ethereum-oriented NFT collectibles like Pudgy Penguins and Bored Ape Yacht Club, have been on a downward swing since Blur farmers have aired their opinions. In the case of the competition, the scenario seems to be no different. For instance, DeGods has declined by 32%, whereas Azuki has seen a fall to the extent of 15%. CryptoPunks too is witnessing a drop of 13%, reminding one of the trade prices about the end of last year. NFT marketplace, Blur, has been involved in an airdrop farming scheme, through which users come in for rewards having been removed and boosted by Blast.…

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Ethereum

Ethereum Outperforms Bitcoin: Jumps Amid Market Divergence

By NBTC

Ethereum price started a fresh increase from the $3,350 support zone. ETH is outperforming Bitcoin and might rise further toward the $3,650 resistance. Ethereum is gaining pace from the key $3,365 support zone. The price is trading above $3,450 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $3,460 on the hourly chart of ETH/USD (data feed via Kraken). The pair formed a double-bottom pattern and gained pace above the $3,500 resistance. Ethereum Price Holds Key Support Ethereum price remained well-bid above the $3,350 support zone. ETH formed a base…

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Altcoins

Meme Coins Take 7 of Top 10 Spots

By NBTC

Over the past 12 months, bitcoin (BTC) has appreciated more than 168% against the U.S. dollar, a notable performance compared to other asset classes globally. However, seven out of the top ten gainers in the past year have been meme coins, with the crypto assets TRUMP, WIF, BOME, BONK, MOG, and TURBO leading the charge. Meme Coins Dominate Crypto Market Performances: Top Gainers Include TRUMP and WIF During the past year from June 12, 2023, to June 12, 2024, meme coins have dominated the cryptosphere. BTC and ETH recorded gains of 168% and 109%, respectively, but it was the humorous…

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Legal

Lack of Regulation Limits Australian Crypto Market to Token Sales Only

By NBTC

Regulation through enforcement often yields suboptimal outcomes for all stakeholders, including consumers, as it creates a negative stigma around industry companies,” asserted the co-founder of an Australian crypto startup. The co-founder expressed optimism that the Australian Securities and Investments Commission’s recent court setback would encourage Parliament to establish a regulatory framework for the Aussie crypto industry. Regulators Must Differentiate Between Bad Actors and Those Acting in Good Faith Regulation through enforcement actions often yields the worst outcomes, not only for regulators but also for users, as it creates a negative stigma around industry companies, Charlie Karaboga, co-founder of the Australian…

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Blockchain

Azuro launches grants scheme for on-chain prediction apps on Polygon PoS

By NBTC

Azuro will be coming out with an exclusive grants scheme for funding the development of applications with the utilization of Azuro on Polygon PoS. This will include the furthering of on-chain prediction applications targeting sports, as well as entertainment-related projects. Added to that, the scheme will be offering financial and technical backing to the connected builders. This is being seen as a first step towards fortifying the bond with the Polygon community. In the very near future, builders will be provided the option of forwarding their projects for scrutiny. The scheme will entail the allocation of $20,000, coming under two…

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Bitcoin

Crystal Ball Or Crazy Talk? Analyst Predicts Bitcoin To Hit $156,000 By May 2025

By NBTC

The enigmatic world of Bitcoin continues to captivate investors with its price fluctuations. However, a recent analysis by Cryptorphic, a prominent crypto analyst, suggests the future might be brighter than recent dips might indicate. Their prediction? Bitcoin hitting a staggering $156,000 by May 27th, 2025. The Halving Effect: A Historical Catalyst Cryptorphic’s prediction hinges on a historical phenomenon known as the halving. Every four years, the number of Bitcoins rewarded for mining new blocks is cut in half. This, in theory, reduces the supply of new coins entering the market, potentially driving up the price of existing ones. His analysis…

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Ethereum

Elevated Ether Volatility Expectations May Be Unfounded

By NBTC

The spread between ether and bitcoin implied volatility indexes has widened, reflecting excitement about the potential debut of spot ETH ETFs in the U.S. Volatility pricing may be off the mark because institutions might use the spot ETFs to set up non-directional basis trades, as they have been reportedly doing in BTC. Demand for ether ETFs may be tepid. Spot ether exchange-traded funds (ETFs) are expected to begin trading in the U.S. this year. The highly anticipated debut has investors positioning for higher volatility in the ether (ETH) price relative to bitcoin (BTC). There's a possibility that the excitement about…

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Altcoins

Top Signal? Jim Cramer Meets Meme Coiner Iggy Azalea

By NBTC

Prominent CNBC host Jim Cramer has caused a substantial amount of excitement within the cryptocurrency community by posting a picture with Australian rapper Iggy Azalea on his X social media profile. Azalea, who is dressed in a white graphic T-shirt with an image of sunflowers, a pleated mini skirt with subtle pinstripes and black knee-high boots, is pictured hugging the 69-year-old stock picker after the opening bell on the trading floor of the New York Stock Exchange. With Iggy Azalea, after opening bell! pic.twitter.com/qpF8FXemQr — Jim Cramer (@jimcramer) June 12, 2024 The image immediately went viral on the X social…

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