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.

Bitcoin Price Turns Attractive On Dips, 100 SMA Is The Key

Bitcoin price is correcting gains from the $64,000 resistance. BTC might find strong support near the $59,250 level or the 100 hourly SMA. Bitcoin price is correcting gains below the $62,250 resistance zone. The price is trading above $60,000 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $62,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct lower toward $60,000 or even to the 100 hourly Simple moving average. Bitcoin Price Starts Correction Bitcoin price extended its rally above the $62,000…

BitcoinMar 26

Rails' Self-Custodial Perpetuals Exchange Secures $6.2M Seed Round

Rails, the self-custodial crypto perpetuals exchange, is pioneering a groundbreaking approach to crypto trading. By leveraging audited smart contracts on the blockchain and employing zero-knowledge proofs, Rails ensures that users have full control over their funds, thereby eliminating the risk of fraud and theft. — Unlike platforms that swing to extremes of centralization or decentralization, Rails strikes a balance, offering a solution that prioritizes both efficient trading and user ownership. This innovative approach has garnered significant attention, leading to a recent funding round of $6.2 million from Slow Ventures, Round13 Capital, and CMCC Global. Rails' unique selling point lies in…

ExchangesMar 26

Decentralized Oracle Network Chainlink Leads the Crypto Space in Terms of Recent Development Activity: Santiment

The decentralized oracle network Chainlink (LINK) is ahead of all other crypto projects in terms of recent development activity, according to the analytics firm Santiment. Santiment notes that Chainlink is at the top of the list with an average of 451.23 notable GitHub events over the past 30 days. The smart contract platform Cardano (ADA) is second, clocking 444.7 events with Status (SNT) taking the third spot with 434.5 events. Status aims to offer users a secure messaging app, crypto wallet and web3 browser via an open-source, peer-to-peer protocol and end-to-end encryption. The Ethereum (ETH) layer-2 scaling solution Optimism (OP)…

BlockchainMar 26

Novogratz Predicts BTC Pullback Before New Highs

Michael Novogratz predicts a temporary Bitcoin pullback to around $55,000. The pullback attributed to over-leveraged positions among retail traders. Novogratz also anticipates SEC approval for an Ethereum spot ETF this year. Michael Novogratz, the founder of Galaxy Digital, has shared his insights on the potential trajectory of Bitcoin in the coming months, suggesting a pullback could be on the horizon before the cryptocurrency reaches new highs. According to Novogratz, Bitcoin may retrace to approximately $55,000 as a result of retail traders becoming over-leveraged. This anticipated retracement is seen as a temporary setback before Bitcoin gears up to break new ground.…

BitcoinMar 26

XRP Suddenly Adds $3 Billion to Market Cap in Just 24 Hours

Popular cryptocurrency XRP has witnessed a substantial surge in market capitalization, increasing by over $3.2 billion within a 24-hour period, according to data from CoinMarketCap. This surge has seen XRP's market valuation rise from $31.51 billion to $34.55 billion, marking a significant 9.5% increase. Currently positioned as the sixth-largest digital asset by market capitalization, XRP's recent surge further solidifies token's prominence within the crypto market. Comparatively, this places XRP in a similar league by size to globally recognized companies such as Baker Hughes or KIA. The surge in market capitalization aligns with a notable increase in XRP's price as it…

AltcoinsMar 26

London Stock Exchange (LSE) Approved the Launch of Bitcoin and Ethereum ETNs – Here is the Date

The London Stock Exchange (LSE) has announced that it will begin accepting listing applications for Bitcoin and Ethereum crypto Exchange Traded Notes (ETNs) from April 8, 2024. With this move, an important step was taken towards the integration of cryptocurrencies into mainstream financial markets. The announcement follows the LSE's previous notification, published on 11 March 2024, stating that the Exchange intends to accept applications for acceptance of Bitcoin and Ethereum Crypto ETNs in the second quarter of 2024. The first cryptocurrency ETNs are expected to begin trading on May 28, 2024, subject to approval by the UK Financial Conduct Authority…

ExchangesMar 26

Polygon zkEVM suffers prolonged outage amid sequencing issues

Ethereum Layer2 platform Polygon zkEVM encounters a network outage during its anniversary week. Several block explorers reveal that the network hasn’t produced blocks for nearly 24 hours. The team explained that sequencing issues from L1 reorganization tampered with the zkEVM Mainnet Beta, causing the outage. Polygon zkEVM Mainnnet Beta faced an issue with its sequencer due to an L1 reorg. We are working on fully resolving the issue and will follow up with a detailed post-mortem. This only impacts Polygon zkEVM (which is the only rollup) and does not impact Polygon PoS, Polygon CDK,… — Polygon | Aggregated (@0xPolygon) March…

BlockchainMar 26

The Risks of Trying to Time Bitcoin’s Market Cycle

Increasing attempts to predict and time Bitcoin’s market cycle top. Historical cycles show that timing the market often leads to losses. The complexity and volatility of Bitcoin make market timing a risky strategy. In the ever-evolving landscape of cryptocurrency, particularly with Bitcoin, there’s a recurring trend that captures the attention of traders and investors alike: the attempt to time the market cycle top. As Bitcoin goes through its periodic rises and falls, the allure of predicting the peak of its cycle to maximize gains has become a common ambition. However, the reality is starkly different, with history showing that most…

BitcoinMar 26

Chainlink integrates EigenLayer liquid restaking protocol Renzo

Chainlink has added price feed support for Renzo, an EigenLayer restaking protocol. The integration sees the Chainlink Price Feeds available for Renzo’s ezETH on the Ethereum mainnet, Arbitrum and Linea networks, the staking protocol announced on March 21. Renzo’s growth in the market Chainlink’s service will enhance Renzo’s DeFi ecosystem, providing for further growth. This will come in the form of user access to secure data feeds. Platforms like Compound require Chainlink Price Feeds and this integration provides for that. Integrating Chainlink is thus a big boost for Renzo. The protocol will expand its reach across the liquid restaked ETH…

AltcoinsMar 26

‘Web3 Gaming Sucks’, Says Avalanche, Daring Gamers to Look

“Web3 gaming sucks.” It’s a common refrain amongst many gamers who have thumbed their nose at the growing space, but it’s not something you’d expect the team behind a prominent blockchain network to recite around one of the industry's biggest events. But that’s exactly what Ava Labs did last week at the Game Developers Conference, where the phrase was plastered all over the massive Avalanche Gaming booth and across banners that could be seen from all over the expo hall and as attendees went down the escalator. Talk about a conversation starter. While the tongue-in-cheek branding probably drew snickers from…

GameFiMar 26