Author: NBTC

Prominent crypto analyst Michaël van de Poppe has issued a warning to Bitcoin (BTC) investors, suggesting that the premier cryptocurrency could soon test the $60,000 mark. The forecast comes as Bitcoin displays signs of a bearish trend, with recent price actions capturing the attention of many in the crypto space. Van de Poppe explained that Bitcoin had reached an area of interest to him. He expressed his belief that the price might stay pretty much the same, suggesting that it could test the $60K level around the time of the U.S. Federal Open Markets Committee (FOMC) meeting. He also mentioned…

Bitcoin-based NodeMonkes is Monday’s top-selling non-fungible token (NFT) collection over the 24 hours to noon ET, despite a 46.88% drop in sales to US$2.01 million, according to CryptoSlam. NodeMonkes cooled down after a hot weekend that included a US$3.78 million Sunday, its best single-day performance since mid-March. Two Solana collections, Froganas and Tensorians took the second and third spots respectively, both recording almost US$1.5 million in sales. Froganas topped the charts last Friday while Tensorians led the market last Wednesday. Ethereum-based CryptoPunks had a 152% increase in sales, reaching US$1.23 million. CryptoPunk 2306, changed hands for 320 ETH, roughly US$1.095…

General Updates Neo released its general monthly report for January 2024, which noted the alpha launch of Neo X TestNet, the addition of a new office in Hong Kong, and more. Neo introduced the Neo Japan Community, dedicated to growing the ecosystem in that region of the globe. Neo Japan Community includes dedicated socials such as X, Medium, Telegram, and Discord and is aimed at making Neo ecosystem information available to the Japanese speaking market. FameAI launched an AI brand ambassador, a female character named Naeomi, dedicated to the Neo blockchain. Naeomi is designed to leverage AI to market the…

A major player in the cryptocurrency space, Coin98 has achieved an important milestone by integrating Kava EVM into its platform. Coin98’s integration marks a significant advancement within the Kava Chain, an independent component underpinning the broader Cosmos ecosystem. A critical layer within the Kava blockchain, Kava EVM shares the open-source Ethereum’s Virtual Machine architecture. Coin98 Super Wallet now integrates Kava EVM – a pivotal component within the @KAVA_CHAIN, uniquely blending EVM compatibility with the enriched features provided by the Cosmos SDK.For further details on the user’s benefits following the integration 👉 https://t.co/Ct9dzaR0XF… pic.twitter.com/5gCNmoBNtp — Coin98 Super Wallet (@coin98_wallet) April 7,…

Airdrop season continues to dominate the crypto industry, and today is no different with the arrival of Tensor’s token launch. The Solana NFT marketplace launched its TNSR token, with more than $200 million worth of tokens up for grabs via airdrop rewards and over$640 million worth of trading volume on the market in the seven hours or so since it launched. TNSR is currently priced at $1.60 per token, according to data from CoinMarketCap, down 33% from a high of $2.45. Newly launched tokens are typically known for their fluctuating values, so this isn’t unusual. On the other hand, new…

Theta Labs said that Theta EdgeCloud will extend its support to upcoming 3D rendering tasks. What makes it unique in the market is its ability to leverage the best high-end GPU power and edge nodes distributed across the globe. EdgeCloud will now implement two technologies to serve its purpose: innovative cloud compute task scheduling and assignment technologies to intelligently assign and route compute tasks. The text-to-3D generative rendering tasks lie at the core, with the entire process divided into two stages. The first stage involves low-resolution 3D mesh optimization, while the following stage involves high-resolution rendering plus optimization into the…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. There is a lot of talk about crypto investors and tax compliance, but a yes or no question can be surprisingly substantial. The IRS is asking everyone about crypto transactions. A variation of this seemingly innocuous question appears at the top of Forms 1040, Individual Income Tax Return; 1040-SR, U.S. Tax Return for Seniors; and 1040-NR, U.S. Nonresident Alien Income Tax Return, and was revised for 2023 returns to update wording. The question was also added to…

Witness Chain recently announced that it is enabling DePINs on the Ethereum network. The announcement was made on the official X account of Witness Chain. The string of tweets talked about how Witness Chain is using Polygon Labs and EigenLayer CDK for the development. The blockchain company also named the ventures affiliated with the program over X. Witness Chain’s DCL (DePIN Coordination Layer) is now the very first physical state consensus protocol that can unify a siloed DePIN infrastructure. In the future, DePINs can be used to share value, bootstrap infrastructure, and access better financial tools. With the DCL, the…

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. As we get closer and closer to the impending Bitcoin halving, the combined pressures of wildly increasing demand and shrinking supply have created an unusual market, turning a historically positive omen into an explosive opportunity for profit. The Bitcoin ETF approval has changed the face of Bitcoin as we know it. Since the SEC made its fateful decision in January, the…

Pyth Network token surged to a record high as the crypto bull run gained steam. The coin jumped to a record high of $0.9065 on Monday, a 313% increase from its lowest point this year. This surge has brought its total market cap to over $1.2 billion. Pyth Network, a rival to Chainlink and Band Protocol, is doing well as the ongoing cryptocurrency rally continued. Bitcoin jumped to a record high of $72,300 on Monday, pushing the total market cap of all coins to over $2.7 trillion. Pyth Network’s performance is happening at a time when the Total Value Secured…