Author: Miles Miller

Dalmas, a seasoned crypto reporter, brings a unique perspective to the industry. His specialization in NFTs, blockchain, DeFi, and blockchain news for NewsBTC, combined with a background in mechanical engineering and over a decade of experience in journalism, has allowed him to craft over 10,000 news and feature articles over the past eight years. His diverse range of topics, including technology, Forex, and finance, reflects his comprehensive understanding of the crypto landscape. His technical expertise and analytical skills have been recognized and featured by leading news outlets such as Investing.com, CoinTelegraph, Entrepreneur, Forbes, and other authority sites. Notably, he broke…

Bitcoin has managed to record some price gains in the last week following a brutal market sell-off at the start of July which saw the crypto market leader lose 10% of its price on July 5.  At the moment, analysts continue to roll out observations and predictions that suggest that Bitcoin may soon pull off a market rebound and perhaps eventually embark on a highly-expected bull run. Bitcoin’s ‘Rare’ Underperformance Hints At Possible Bullish Rebound  In an X post on Friday, prominent blockchain analytics company Santiment provided some intriguing insights into Bitcoin’s recent price behavior. Santiment stated Bitcoin is largely behind…

Genesis Trading has transferred 12,600 BTC ($719.9M) to Coinbase, possibly for asset liquidations. Resent settlement with NY requires $2B repayment, impacting Genesis’ financial strategy. The BTC transfer suggests Genesis aims to fulfill legal obligations, reassure investors promptly. Over the past month, a wallet associated with Genesis Trading has transferred over 12,600 Bitcoin (BTC) totaling approximately $719.9 million to to Coinbase according to data from Arkham Intelligence. This substantial BTC transfer follows a legal settlement with the State of New York, raising speculation about the firm’s financial strategy and its implications for investors. Is Genesis Trading planning to liquidate assets? In…

Bitcoin is moving sideways at press time, absorbing the wave of selling over the last week. Even though there are some optimists, the candlestick arrangement in the daily chart points to weakness. This preview, at least from a technical angle, remains as long as prices trend below the round number of $60,000 and the liquidation level at around $66,000. Binance Bought The Bitcoin Dip Amid the recovery, one analyst, pointing to interesting on-chain data, observed that when prices fell last week, some unnamed exchanges were loading up the dip. It is now emerging that Binance, the world’s largest exchange by…

Binance is reportedly set to reduce its stake in GOPAX exchange. The shares sale will involve South Korea cloud service provider MegaZone. Binance is reportedly in final negotiations as it looks to reduce its shares in South Korea-based crypto exchange GOPAX. According to local media outlet IT Chosun, Binance is set to sell its shares in the crypto exchange to MegaZone, the parent company of South Korean cloud provider Megazone. The sale will see Binance reduce its stake in GOPAX from 72.6% to roughly 10%, IT Chosun reported. Binance to reduce stake from 72.6% to under 10% In March, Binance…

A crypto analyst has predicted that Bitcoin (BTC) will surge to $100,000 in a few years. At the same time, he has expressed skepticism about the potential for altcoins to embark on a similar bullish trajectory to new highs.   Bitcoin Anticipated To Hit $100,000 In an X (formerly Twitter) post on June 8, a crypto analyst identified as ‘DonAlt,’ disclosed that he was more pessimistic on altcoins than Bitcoin, the world’s largest cryptocurrency. DonAlt believes that Bitcoin could witness a mega rally, pushing its price to trade at $100,000 in the coming years.  Related Reading Considering the inflows into Spot…

The public roll out of the Digital Rial pilot program will start in Kish Island. The public rollout of the CBDC’s pilot program aims to test efficiency in transactions, enhancing payment security. Success in the pilot program could lead to the expansion of the Digital Rial nationwide, transforming Iranian payments. Iran’s ambitious project to introduce the Digital Rial, a central bank digital currency (CBDC), is set to enter a pivotal phase after the Central Bank of Iran (CBI) announced it would be opening the pilot program to the public. The central bank’s move comes after successful testing phases between 2021…

Bybit, the world’s second-largest web3 platform by trading volume, has announced the integration of three additional blockchains  into its web3 ecosystem. The SUI, ZKLink, and Scroll chains join the 28 chains that were already integrated into the Bybit ecosystem.  These three new integrations empower Bybit users to seamlessly switch between these chains within their Bybit Wallet extension, unlocking a wider range of DeFi applications and services. The new chain integrations are now available on the Bybit Wallet Extension, allowing users to manage their assets across  multiple chains on the go. The Bybit Wallet is also compatible with popular seed phrase…

On June 28, the American venture capitalist said that he wasn’t sure that BTC prices would go up that dramatically from here, in an interview with CNBC. The bearish outlook stems from his view that Bitcoin has yet to fulfill itself as a cypherpunk, crypto-anarchist, and libertarian financial freedom tool. He said that this vision is what got him interested in Bitcoin and what he thought was “terrific about it.” Bitcoin Vision Questioned “But the question is, does it really work that way?” he asked before pondering whether that thread has somehow got lost. “People in the FBI tell me…

There is more to creating an airdrop campaign than most companies realize. Airdrops go beyond sharing free tokens with new users and getting word out for new crypto projects. They extend to aligning company goals with airdrop strategies and reaching a larger audience to keep them interested in a project.  Strategies for Effective Airdrops Node clarified that airdrops are not risk-free promotions. While they may be great for fast wallet growth, they can be expensive and bring little long-term results if not done properly. The firm added that airdrops require clear goals and at least a 10% commitment of token…