Author: NBTC
On July 4, 2024, the Bitcoin network experienced its second-largest difficulty reduction since the year’s start. The mining difficulty decreased by 5%, falling from 83.67 trillion to 79.5 trillion. Second Major Difficulty Reduction of the Year Hits Bitcoin Network Bitcoin’s mining difficulty dropped by 5% this week at block height 850,752 on July 4. This reduction, the second-largest this year, follows a 5.62% drop that occurred on May 9 at block height 842,688. Both significant decreases came after the fourth halving event at block height 840,000. Despite hashprice levels hitting unprecedented lows, the hashrate remains at 582.33 exahash per second…
The Sandbox, the subsidiary of Animoca Brands, is conceptualizing a decentralized virtual world where creativity merges with gaming. Animoca Brands is a pioneer in digital property rights for the metaverse platform, and it is amazing to note that the Sandbox raised $20 million of promissory notes with a $1 billion market cap. Kingsway Capital and Animoca Brands, in collaboration with the other two firms, manage the funding. The new multimillion-dollar funding by Animoca Brands will lead to a new era of novelty in composable user-generated content games. The Sandbox depicts the evolution or revolution of user-generated content games for the…
Bitcoin price defends support due to ascending trendline as BTC bulls hold above $61,000. GameStop stock shapes and accelerates markets for two days after Roaring Kitty’s surprise resurfacing. GME could generate renewed appetite for risk/hype among speculators seeking opportunities, potentially causing downstream effects on BTC and alts. Bitcoin (BTC) price continues to glide along an ascending trendline on the four-hour time frame. Meanwhile, the GameStop saga that has resurfaced after three years distracts the market, with speculation that it could inspire risk appetite among traders and investors. Also Read: GameStop shorts lose over $1 billion in mark-to-market losses on Monday…
Crypto investor Will Clemente predicted that Coinbase stock could be valued at $400 billion, implying a gain of seven times from current levels. Coinbase is one of the largest centralized crypto exchanges alongside market stakeholders like Binance, Bybit, and Kraken. Despite Coinbase stock (COIN) recording an uptrend since January 2023, the company’s shares are more than 30% below its where shares traded at after its initial public offering. Currently, COIN is trading at around $222 and Clemente opined that shares have an upside potential to $1,700 by the end of the crypto cycle. My price target for Coinbase this cycle…
VeChain hints at a collaboration between Tesla with an app launch on VeBetterDAO. Looks like Elon Musk’s sustainability mission aligns perfectly with VeChain’s. How high will the price of VET go once the Tesla app goes live? VeChain hints at a possible upcoming collaboration or partnership with Elon Musk’s Tesla with a Tesla VeBetterDAO app launch. The bullish momentum for VET price may just be getting started as VeChain reveals beta insights of what the project is working on next. Insights and beta galore – $VET– Tesla VeBetterDAO app launch– Boston Consulting Group phase 3 kicking off – VeBetterDAO mainnet…
A recent influx of investor disclosures has Bitwise, one of the United States’ leading Bitcoin ETF providers, “incredibly bullish” on BTC. The Top Institutional Bitcoin ETF Owners In a recent memo, Bitwise CIO Matt Hougan reviewed some of the newly uncovered Bitcoin ETF buyers, who have revealed their allocations as part of mandatory 13F filings with regulators in recent weeks. I find the 13F filings for bitcoin ETFs extraordinarily bullish for the long-term future of bitcoin. I wrote about why in my latest CIO Memo: https://t.co/8WrNV5SXtj pic.twitter.com/GJC8PEXZkQ — Matt Hougan (@Matt_Hougan) May 14, 2024 A 13F filing is a form…
GameStop’s stock price finished another week down, exacerbating the video game retailer’s recent losses as the latest round of meme stock momentum—triggered by influencer and trader Keith Gill, aka Roaring Kitty—continues to lose steam. Shares of GME dipped more than 3% over the course of the last week, per data from Google Finance, to a price of $24.18 when markets closed on Friday. That’s pushed the company’s stock price plunge to over 23% since June 5, when the stock was on its way up following the latest return of Roaring Kitty. Gill, whose bull thesis on GameStop helped propel the…
Shiba Inu lead developer Shytoshi Kusama recounts his experience during his recent visit to the Middle East. In an X post today, the pseudonymous lead developer of the Shiba Inu ecosystem said he is leaving the Middle East after spending incredible time there. Kusama emphasized that he had the opportunity to engage with his cousins and learn about their culture. The tweet conveys Kusama’s appreciation for the cultural exchange and learning he experienced during his recent visit to the Middle East. Shiba Inu Community Reacts Although Kusama restricted his followers from commenting on the post, some users quoted the tweet…
Experienced cryptocurrency analyst Michaël van de Poppe talked about the course of Bitcoin and the general cryptocurrency market in his statement. According to the analyst, critical decisions await Bitcoin in the coming period. Van de Poppe said that the $60,500 to $61,000 threshold for the BTC price is still holding, and exceeding $63,000 means removing the next obstacle to reach the all-time high. However, the analyst stated that if the $60,500 support level is broken, he sees $52,000 to $55,000 as the next support zone. Addressing the altcoin market, the analyst claimed that many altcoins have formed a double bottom…
JPMorgan Chase, Bank of America and Wells Fargo have reportedly agreed to testify at a US Senate hearing over hundreds of millions of dollars in fraud on the payments network Zelle. Executives involved in the banks’ payment operations are expected to appear on July 23rd, reports Politico, citing sources who were allowed to speak anonymously about the plan. The hearing will be held by the Permanent Subcommittee on Investigations, which says the banking giants’ customers reported $456 million in fraudulent transactions on Zelle in 2022 – with the banks refusing to reimburse $115 million in claims. Democratic Senator and Chairman…