Author: NBTC
U.S.-listed bitcoin (BTC) miners accounted for 25.3% of the global network in December, Jefferies said in a research report on Thursday. The bank cut its price target for MARA Holdings (MARA) to $20 from $24, while maintaining its hold rating on the stock. The shares rose 0.5% to $18.43 during early trading Friday. Mining profitability improved in December as the average price of bitcoin gained 15%, outpacing the increase in the network hashrate, which was 6.5% higher, the report said. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain and…
EON Chain has announced its strategic collaboration with Zenqira to reinvent the decentralized blockchain and AI ecosystems. This partnership aims to unveil the optimized performance of decentralized infrastructure. It also wants to unlock AI-driven solutions to the joined partner’s ecosystems. 📢 Partnership Announcement 🚀🌟 EON x Zenqira 🌟We’re thrilled to announce our partnership with @zenqiratech to revolutionize decentralized blockchain and AI ecosystems!🌐 Together, EON Chain and Zenqira are combining forces to unlock the full potential of decentralized… pic.twitter.com/6SSR7Rm8Lp — EON Chain (@eon_chain) January 8, 2025 This collaboration will foster innovation while strengthening global communities. EON Chain and Zenqira, by combining…
What is Gwei in crypto? In the Ethereum network, Gas is used to pay for transaction fees. Gas prices are typically denominated in Gwei. Let’s take a closer look at what Gwei is and how it impacts your Ethereum (ETH) transactions. Table of Contents What is Gwei? Gwei explained Gwei and its role in transaction speed and cost How to calculate gas fees in Gwei? Factors that influence Gwei prices The future of Gwei and Ethereum gas fees What is Gwei? Gwei explained What does Gwei mean in crypto? It’s essentially the “spare change” of Ethereum, representing one billionth of…
Kathryn Rooney Vera, Chief Market Strategist at StoneX, appeared on CNBC’s Squawk Box to share her views on the Fed’s policy outlook. Despite ongoing concerns about inflation and economic growth, Vera suggested the Fed could implement two rate cuts this year, but not until the second half. “Stock markets are closed today for the funeral of former President Carter, but investors are awaiting tomorrow’s employment report,” Vera said, expressing cautious optimism about the U.S. economy while acknowledging ongoing inflationary pressures and fiscal challenges. Asked about inflation, Vera said that continued economic growth above potential could further increase inflation. “If the…
Rumors circulating within the XRP community suggest that Ripple could leverage its XRP holdings as reserves for its upcoming RLUSD stablecoin. These rumors have made the rounds, particularly as Ripple nears regulatory approval for RLUSD. For context, FOX Business reporter Eleanor Terrett confirmed late last month that the New York Department of Financial Service (NYDFS) was on the verge of approving the stablecoin for launch. Speculation Around RLUSD and XRP Amid the anticipation, market commentator Luis “Del Crypto” Delgado has fueled the latest circulating speculation with his recent posts. He suggested that Ripple might use its XRP escrow holdings to…
In the latest announcement, the leading crypto exchange, OKX announced the listing of perpetual for SONIC Spot trading along with margin trading. SONIC is the native token of the SonicSVM rollup project of the Solana ecosystem. 🟢 #NewListing$SONIC @SonicSVM Spot trading is LIVE on #OKX! Trade now: https://t.co/lqOXiNhCBv pic.twitter.com/iX1K8pO17K — OKX (@okx) January 7, 2025 The announcement comes after Sonic SVM (SONIC) ‘s listing on Bybit, which opens up promising prospects for price fluctuations. As a well-known platform among traders, Bybit’s addition of SONIC is expected to enhance the token’s market visibility. The broader exposure could attract more traders increasing…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The world of decentralized computing stands at a critical juncture. Chain diversity, while impressive, has presented users and developers with a fractured world of options that are not as scalable or dependable as they need to be in order to support the next generation of applications. You might also like: Our audit blindspot: Web3’s future depends on rethinking security | Opinion While L2 solutions have driven significant progress in addressing scalability issues, they are nothing more than…
Bitwise CIO Matt Hougan contends that Ethereum remains promising despite 2024 price struggles. For most crypto assets, especially market leaders Bitcoin and Solana, 2024 was an extremely positive year that led to rallies to new highs. However, with Ethereum, most investors were left feeling underwhelmed as it failed to spark a rally to new highs and managed only a 46% gain. Nonetheless, Ethereum still looks promising and could have some goodies in store for investors, at least according to Bitwise CIO Matt Hougan. The “Contrarian” Play for 2025 Ethereum may offer a great “contrarian play” for 2025, according to Bitwise…
The CEO of financial services conglomerate SBI Holdings has criticized Japan’s prime minister (PM) regarding the government’s absurd crypto tax rates. Yoshitaka Kitao, a proponent of the XRP ecosystem, said in a recent interview that Shigeru Ishiba is the “only one who is not convinced” about lowering rates to 20%. In politics — and politically embedded big business — you never know who is on what side. It might be safe to say they are all against you, pretending to be against one another. Perhaps that is why Yoshitaka Kitao, CEO of the $7.6 billion-dollar financial services firm SBI Holdings,…
Shiba Inu lead Shytoshi Kusama calls attention to a new tournament on Shiba Eternity, with participants eligible to win BONE rewards and SHIFU airdrop. In an X post yesterday, Kusama announced the latest competitive event for Shiba Eternity, Shiba Inu’s collectible card game (CCG). According to him, Shiba Eternity gamers will compete for two different rewards, such as a prize pool of 500 BONE tokens and SHIFU airdrop points. While the team would distribute the 500 BONE tokens among the winners of the new Shiba Eternity contest, participants will also earn points, boosting their eligibility in the SHIFU airdrop. For…