Author: NBTC

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.

These Two Critical Levels Will Determine BTC’s Mid-Term Trajectory: Bitcoin Price Analysis

Following an extended sideways consolidation phase, Bitcoin underwent a downtrend, touching the significant support zone around $60K. However, expectations point towards a resurgence in buying pressure, potentially leading to a rebound. Technical Analysis By Shayan The Daily Chart A comprehensive review of the daily chart unveils an extended period of sideways consolidation within the pivotal price range of $60K to $72K, with the recent price action seeing a decline towards the lower boundary of this range. Currently, Bitcoin finds itself at a crucial support zone, spanning between the 0.5 ($62,181) and 0.618 ($59,444) Fibonacci retracement levels, in alignment with the…

BitcoinMay 1

Shiba Inu (SHIB) Could See Major Price Surge: Trader

The whimsical Shiba Inu (SHIB) meme coin appears poised for another significant rally, according to prominent trader Captain Faibik. $SHIB #Shiba another 2x Bullish Rally incoming ✍️ pic.twitter.com/srIRdxAfPm — Captain Faibik (@CryptoFaibik) March 31, 2024 In a recent post, Captain Faibik (@CryptoFaibik) believes that it could experience massive gains. His chart appears to show characteristics of an ascending triangle pattern. This popular pattern is considered bullish due to its formation of higher lows. At the time of writing, SHIB is trading at $0.0000305 after a 24-hour increase of 1.3%. It is currently in 13th place by market capitalization while its…

AltcoinsMay 1

Ahead of EU Elections, Crypto Industry Pushes Blockchain Merits as Policy Focus Shifts to AI

The European Union's election in June may see a new set of lawmakers taking over crypto issues. The architects behind the EU's landmark Markets in Crypto Assets legislation may return, but industry participants still hope for a more progressive assortment. The European Union’s more than 370 million eligible voters are set to elect 720 parliamentarians this June – and while tech policy focus has shifted to artificial intelligence (AI), blockchain industry bodies are vying to prove the technology is vital to the bloc’s digitization efforts. The EU has already established the world’s first comprehensive crypto rules alongside strict anti-money laundering…

RegulationMay 1

Klaytn scores listing on the Philippines’ top crypto exchange

Klaytn token KLAY is now available for trading on Coins.ph, the Philippines’ largest crypto exchange. The exchange has added support for KLAY/PHP. Klaytn (KLAY) is now listed on Coins.ph, the largest crypto exchange in the Philippines. The blockchain network for the metaverse, GameFi and the creator economy announced the major news on Tuesday. It noted that the native Klaytn token KLAY is now available for trading on the Bangko Sentral ng Pilipinas (BSP)-licensed crypto exchange. BSP is the Philippines’ central bank. 🚀 Exciting news! 🎉 $KLAY lands on the largest exchange in the Philippines, @coinsph🇵🇭 Filipinos and @coinsph users, seize…

ExchangesMay 1

Chainlink VRF Upgrades to Version 2.5 for Faster Scaling

The most widely used random source in Web3, Chainlink VRF, has been significantly updated to increase to version 2.5. The innovative iteration is now available on the Arbitrum, Avalanche, BNB Chain, Ethereum, and Polygon mainnets and contains several new features to help developers scale more rapidly and sustainably. #Chainlink VRF has just been upgraded to help dApps scale faster and more sustainably. Introducing Chainlink VRF v2.5, bringing several enhancements, including low-friction billing, more predictable pricing, & improved UX for upgrading to future versions. https://t.co/nx1kzEdq3H — Chainlink (@chainlink) April 29, 2024 Chainlink VRF v2.5 Enhances Payment Flexibility with LINK Compatibility Chainlink…

BlockchainMay 1

BTC faces buoyant target amid price bottom calls

Bitcoin (BTC) continues to consolidate below the $65,000 mark, which serves as the new resistance level, with the market looking for the possibility of a price bottom that can act as an anchor to a new rally. In line with this, cryptocurrency trading expert TradingShot shared insights on Bitcoin’s current state in a TradingView post on April 29, highlighting the imminent test of the bottom of the Bollinger Bands (BB) in the three-day timeframe. This impending test, set for the first time in three months, indicates a tightening squeeze between the BB and bottom bases, historically signaling a bottoming out…

BitcoinMay 1

Top 7 New Tokens Likely To Explode in This Bull Market

This article examines seven newcomers in the crypto trading landscape with the potential for explosive rallies this bull season. During the just-concluded opening quarter of 2024, numerous crypto tokens debuted. Many of them have already demonstrated the potential to spark significant rallies in a full-fledged bull market. The Crypto Basic explores select new market entrants that have made notable strides in this initial phase of this bull run. Jupiter (JUP) Jupiter (JUP) is a decentralized exchange built on the Solana blockchain. On January 31, it launched and distributed $700 million worth of its platform token, JUP, marking what many consider…

AltcoinsMay 1

Revolut's Former Exec Launches $6.5M Crypto Exchange

The former Head of Crypto Ops at Revolut, Ruslan Fakhrutdinov, has launched a crypto exchange with an investment of $6.5 million. Tioga Capital, Semantic Ventures, Cherry Ventures, Starkware, and Cyber Fund are some investors in the new exchange dubbed X10. According to the press release, executives from Revolut and the Founder of Lido, Konstantin Lomashuk, have invested in the crypto exchange. X10 combines aspects of a centralized exchange and a decentralized finance platform. It promises full self-custody of digital assets and on-chain settlement of transactions. "With X10, we want to give our users and traders the best of both worlds.…

ExchangesMay 1

Core Chain Introduces XLink to Enable Seamless Bitcoin Transactions in DeFi

One of the most trustworthy blockchain networks, the Core Chain, has released ALEX Foundation-developed Bitcoin bridge, the XLink. It is a technological revolution that will ensure that Bitcoin is used wilder, decentering finance from Core Chain platform. XLink’s main job is to link Core Chain and Bitcoin assets, with Asset Swap being a service provided. It does not only provide a smoother investments interface for DeFi but also helps the growth of Bitcoin entering decentralized finance. 1/ Core Chain introduces @XLinkbtc, Bitcoin bridge developed by @ALEXLabBTC Foundation, enhancing Bitcoin integration into DeFi on Core Chain. This bridge enables direct asset…

BlockchainApr 30

Persistent Bearish Trends Hinder BTC's Recovery

As of April 29, 2024, bitcoin remains under considerable bearish pressure according to multiple indicators across different time frames. Currently trading at $62,279, bitcoin has shown a 24-hour range between $61,994 and $63,929. Bitcoin Bitcoin’s (BTC) daily chart presents a stark bearish trend with a series of lower highs and lower lows, suggesting that sellers maintain a strong grip on the market. The presence of bearish downturns hints at a potential slowdown in momentum. However, the declining volume accompanying the price drop leaves room for ambiguity regarding a near-term reversal. Crucial for traders will be the support level at approximately…

BitcoinApr 30