Author: NBTC
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Energy generation is a great thing for humanity. The famous astrophysicist Nikolai Kardashev went as far as considering energy generation as the one factor to evaluate how advanced a civilization is. So, when we hear that the AI industry is projected to consume around 120 GW by 2030 or that Bitcoin (BTC) mining is estimated to be currently consuming around 17.6 GW globally, we may actually consider these as signs of advancement and progress. You might also…
Over the past couple of years, the NFT sector saw a massive decline in sales and item prices across the board. Still, the activity in the NFT space is relatively abundant, and it would be wrong to say NFTs are dead, especially if we take into account the emergence of Blur as the most active NFT marketplace, a more than +100% increase in trading volume in October, and other indicators that show NFTs are here to stay. There has been a growing debate about the sustainability of the NFT market and whether it is just a passing fad or a…
Ethereum’s price action in recent hours suggests that a significant rebound may be on the horizon. Currently trading at $3,354, the cryptocurrency has retraced to the lower boundary of a well-defined ascending channel, sparking speculation that a bullish move could push ETH toward the $3,560 resistance zone #Ethereum $ETH looks ready to rebound to $3,560! pic.twitter.com/iSdwGA8eLf — Ali (@ali_charts) November 26, 2024 According to Crypto analyst Ali Martinez, The attached technical chart outlines Ethereum’s movement within a rising channel pattern, which has been guiding its price over the past several days. This pattern is marked by higher highs and higher…
November 2024 is shaping up to be a prime month for Telegram airdrops. Six projects, among others, offer exciting early entry opportunities without any initial investment. As will be highlighted below, each of the mentioned airdrops allows participants to earn tokens by engaging in project-specific gameplay and missions. The following Telegram airdrops deliver both user engagement and potential financial reward if tokens become tradable on top exchanges like Binance and OKX. MAJOR This gaming platform invites users to complete tasks to earn tokens in early November. With listings planned for Binance and Bybit, early participants stand to gain as the…
Could a shake-up at the SEC be just what crypto needs? There’s buzz about Paul Atkins stepping in after Gary Gensler steps down. If true, it might be great news for blockchain and digital assets. Let’s dig into why Atkins is getting so much attention—and what he could change for the better. What Makes Paul Atkins Different? First, you’ve got to know Atkins isn’t new to the SEC. He served as a commissioner from 2002 to 2008, under three different chairmen—talk about experience! Unlike Gensler, whose policies left crypto firms scratching their heads, Atkins seems to get it. He’s all…
On Friday, bitcoin reached its highest price since late July, coming within just $2 of breaking through the $69,000 mark. Recent data shows the cryptocurrency market has been on a consistent upward trend, with the entire digital asset economy now valued at $2.35 trillion, reflecting a 2.63% rise over the last day. Crypto Market Rallies, $113M Wiped in Liquidations as Bitcoin Soars Past $68K At 2:45 p.m. Eastern Time on Oct. 18, 2024, bitcoin (BTC) hit an intraday high of $68,998 per coin. Earlier in the day, BTC pushed past the $68,000 mark after establishing a solid support level near…
Despite widespread social media claims that Ethereum (ETH) is stagnating, market data paints a very different picture. Rising Metrics Refute the “ETH Is Dead” Narrative The increasing activity in Ethereum derivatives, decentralized applications, and stablecoins demonstrates investors’ interest in blockchain and its growing utility. According to CoinGlass, cumulative open interest in ETH across perpetual and standard futures contracts reached an all-time high of 6.32 million ETH ($27 billion), a 17% increase month-to-date. This increase is in line with Bitcoin’s recent gains, with a 35% price increase taking ETH to $3,400. Three-month ETH futures premiums have also climbed, reaching 16% YoY…
Stablecoin USDe issuer Ethena Labs has come to the fore with allegations of unfair staking. At this point, Ethereum-based synthetic dollar protocol Ethena Labs allegedly participated in one of the recent staking events using 180 million Ethena (ENA) tokens. Cryptocurrency researcher Nomad claimed in his post that the Ethena team participated in the Season 3 farming event with 180 million ENA tokens and owned 25% of the total staked ENA (SENA). Nomad stated that the Ethena Labs team violated ethical values, and warned participants that this move would significantly reduce the rewards of legitimate participants, especially those participating in staking.…
zkLink has announced a new partnership with Delysium, a blockchain platform focused on AI. This collaboration aims to explore the intersection of AI and blockchain, with the goal of creating innovative use cases for users. This news was shared through X account of zkLink. In integrating zkLink cross-chain solution, Delysium AI ecosystem is opening new frontiers to Web3 developments. Forging the Future Together 🚀1/ 🎉 Big news from the zkLink team! We’re thrilled to announce our partnership with @The_Delysium.Together, we’re exploring the exciting intersection of AI and blockchain to create powerful new use cases for users. 🧵👇 pic.twitter.com/thuodWsIjF — zkLink…
Bitcoin has been steadily climbing since crossing the $60,000 mark and is currently hovering closer to the $70,000 level, a price it hasn’t reached in months. With the market sentiment heating up, investors are wondering whether Bitcoin has the strength to reach new all-time highs or if it will struggle to break past key resistance levels. A Healthy Sentiment The Fear and Greed Index is a useful tool for understanding market sentiment and how traders view the trajectory of Bitcoin. Currently, the index is at a “Greed” level of around 70, which is historically seen as a positive sign but…