Author: NBTC
Bitcoin’s hashrate has bounced back impressively after dipping to 752 exahash per second (EH/s) on Feb. 25, now climbing to 819.65 EH/s, even as earnings took a notable hit in March. Earnings Drop, Hashrate Rises The network’s computational strength has strengthened, currently sitting over 67 EH/s above its Feb. 25 low. At that time, the hashrate hit 752 EH/s, but as of now, it’s holding steady at 819.65 EH/s, based on data tied to the seven-day simple moving average (SMA) according to hashrateindex.com. Right now, the hashrate sits about 30 EH/s below its peak high, which was hit on Feb.…
Bitcoin is the largest and original cryptocurrency which represents the entire crypto market. From the humble beginnings of valued at less than $1, it is now playing around the $100,000 price level. A flood of Bitcoin ETF approvals reported in Q1 2024 marked a crucial milestone in the history of Bitcoin and the crypto world. Bitcoin ETFs enhance BTC adoption and offer a convenient way to invest in Bitcoin without directly buying it. Whether you are a beginner or a professional investor, learning Bitcoin ETFs is a must for you. The present article gives a deep insight into everything you…
Most DeFi projects are built on the Ethereum blockchain. These projects are redefining the way Ethereum operates. As more people use these decentralized platforms, they not only help to burn ETH from circulating supply, but they also assist in driving up ETH’s price and demand. Today, data reported by Phoenix Group highlighted major DeFi projects that made massive contributions to Ethereum burning over the past week (from Saturday, March 8 to Saturday, March 15). TOP #ETHEREUM BURNER #DEFI PROJECTS#Gnosis $GNO #Metamask #Aave $AAVE #Uniswap $UNI #1INCH #Pendle #0xProtocol $ZRX #Paraswap #KyberSwap #Chainlink $LINK pic.twitter.com/23sT4ZPbu8 — PHOENIX – Crypto News &…
The World Liberty Financial (WLF) DeFi project, backed by President Donald Trump, has been on an altcoin buying spree in recent months, raising questions about its motives. In the first week of March, WLFI reportedly bought over $20 million worth of crypto assets, including $10.1 million worth of Ether (ETH), $9.9 million of Wrapped Bitcoin (WBTC), and $1.68 million of Movement Network’s MOVE token. Context: Even Larger Purchases However, these recent purchases are just a small part of the DeFi project’s overall crypto holdings. The newly launched organization made even more significant purchases in the past. According to reports, WLF…
World Network has made its formal debut in the Philippines, a nation well-known for its extensive use of social media and AI adoption. In a Feb. 17 announcement, Worldcoin (WLD) revealed that Filipinos will soon be able to access World ID, a service that has already been adopted by more than 23 million people globally. World ID is designed to offer users a safe and anonymous way to verify their online identity, ensuring a secure digital experience. After initially being made available in a few places in Bulacan, World ID will soon be introduced nationwide. It is anticipated that World…
New regulations concerning cryptocurrency investors in Türkiye came into force after being published in the Official Gazette. The “Communiqué on the Establishment and Operating Principles of Crypto Asset Service Providers” and the “Communiqué on the Working Principles and Principles and Capital Adequacy of Crypto Asset Service Providers” prepared by the Capital Markets Board (CMB) were published in the Official Gazette. According to the published circular, cryptocurrency platforms can be established with a minimum capital of 150 million TL, and custody institutions can be established with a minimum capital of 500 million TL. According to the new regulation, cryptocurrency exchanges will…
Bitcoin (BTC) dominance has risen to nearly 60%, approaching a four-year high, according to QCP Capital’s market outlook. Despite trading sideways for a while, BTC remains resilient in the face of recent macroeconomic data. Bitcoin Dominance Nears 4-Year High as Market Awaits Policy Clarity QCP analysts note that open interest (OI) in the crypto options market has not improved following the January-end expiration, suggesting that traders and institutional investors are hesitant to take new positions until concrete policy changes emerge. “The crypto options market is waiting on the sidelines for concrete policy changes rather than just pro-crypto rhetoric,” QCP said.…
Spot On Chain revealed that whales accumulated DeFi tokens – UNI, AUCTION, and MKR today. The AUCTION token price surged 25% today, while UNI and MKR recorded slight improvements in their market prices. The crypto market is showing no significant gains today. The price drop triggered by global trade tensions and macroeconomic conditions is still having an effect on the market. While Bitcoin couldn’t climb past $83K, altcoins are also recording dull market performance. Meanwhile, a few tokens are witnessing price gains, such as BNX, CAKE, OKB, and BERA. Top on-chain tracking platform Spot On Chain reported significant whale accumulation…
Francois Villeroy de Galhau, the governor of Banque de France and the European Central Bank Governing Council’s member, believes U.S. president Donald Trump is making a huge mistake by supporting cryptocurrencies. In an interview with French weekly La Tribune Dimanche, Villeroy de Galhau said that the U.S. might be paving the way for the next financial crisis by embracing cryptocurrencies and non-bank finance. He said that, “The United States risks sinning through negligence,” adding that: “Financial crises often originate in the United States and spread to the rest of the world. By encouraging crypto-assets and non-bank finance, the American administration…
Around 3% of the total MELANIA token supply will start unlocking after Feb. 20. The tokens worth $39 million were allocated to the MELANIA team at the start of the launch. According to the token allocation rules on the official site, 10% of the tokens allocated to the team behind the official Melania Trump token will start unlocking 30 days after its launch date. This 10% consists of around 30 million MELANIA (MELANIA) tokens or 3% of the meme coin’s total supply. The MELANIA token officially launched on Jan. 20, mere hours before the inauguration of President Donald Trump. Meanwhile,…