Author: NBTC
During the opening week of the year, the Kheavyhash algorithm—used for mining kaspa (KAS)—topped the profitability charts among proof-of-work (PoW) algorithms. Fast forward to today, and Scrypt has claimed the crown as the most lucrative choice for miners, particularly those extracting dogecoin (DOGE) and litecoin (LTC). Mining Algorithms Push Limits in a Historic Year As 2024 draws to a close, Scrypt stands tall as the most profitable PoW algorithm. Originally introduced by Colin Percival in March 2009, Scrypt gained traction in 2011 when an anonymous developer, Artforz, integrated it into the Tenebrix cryptocurrency. Soon after, it powered Fairbrix and became…
Bitcoin’s price has yet to hit the $100K milestone, but considering the market’s current state, it seems only a matter of time. Bitcoin Price Analysis By Edris Derakhshi (TradingRage) The Daily Chart The daily chart demonstrates a clear picture of the last 9 months of Bitcoin’s price action, where the market has been consolidating until the beginning of this November. Yet, following the price’s stabilization above the 200-day moving average, which is currently located around the $68K mark, the market began to rally aggressively and create new all-time highs daily. Meanwhile, the price experienced a pullback a few days ago,…
The official X account of Litecoin, a top crypto project with 1.1M followers has raised eyebrows. The recent bizarre posts from Litecoin’s X account, expressing madness after the massive crypto market upsurge, have raised speculations among the community members. https://twitter.com/litecoin/status/1865569484854919313 Unusual Posts on Litecoin Official X Account Raise Concerns Such unusual posts by Litcoin’s X account have made several crypto community members concerned and puzzled. This takes place after the recent crypto spike. Additionally, this activity has raised apprehensions about a likely hack or some unauthorized access. The reason behind these concerns is that such posts are far removed from…
The general digital asset markets seem to be struggling, including prominent virtual currencies like BTC, ETH, and many others. Despite these ongoing market corrections, crypto analyst Onchain Lens shared data today on the X platform identifying that a whale has accumulated massive amounts of cbBTC tokens. Whale buys $5 million worth of cbBTC According to data from Onchain Lens, a wallet associated with Andreas Brekken, the founder of Sideshift.ai, withdrew $5 million in USDC from Hyperliquid. After the withdrawal, the whale spent $2 million to purchase 21.11 cbBTC tokens at an average price of $94.72. Data shows that the trader…
According to on-chain data, a Bitcoin address that had been dormant for 11.6 years has been reactivated. According to Blockchain data tracker Whale Alert, the address contains 11 BTC, presently worth over $1,071,468. Whale Alert reported some hours ago: “A dormant address containing 11 BTC worth 1,071,468 has just been activated after 11.6 years.” 💤 A dormant address containing 11 #BTC (1,071,468 USD) has just been activated after 11.6 years!https://t.co/m9TDE5s8dO — Whale Alert (@whale_alert) December 1, 2024 The reactivation of such an old address has sparked curiosity and speculation within the cryptocurrency community. The activation of dormant wallets often garners…
Peter Brandt, one of the most prominent commodity traders, has cautioned younger investors that Bitcoin is no longer going to make them rich. Those who continue to view the leading cryptocurrency as their road to “financial glory” will be disappointed, according to the prominent trader. Exponential gains were the norm during Bitcoin’s early days, but this is not the case anymore. Now, as Brandt points out, the “bloom is already off the rose,” meaning that it is no longer a new flashy investment option that could make you rich. For instance, the cryptocurrency has so far logged only a modest…
EigenLayer (EIGEN) has reached a new all-time high, making a psychological milestone for crypto traders and a justification for holders and true believers. A digital asset user spotted the development early today December 7 and shared it on the X platform. Also, the crypto enthusiast posted an important viewpoint concerning whether projects built on the EigenLayer network could potentially grow in line with an increased value of EIGEN. Today, $EIGEN hit an all-time high (ATH) and reached $5. Could the tokens from its ecosystem follow suit soon?For example, $EGP by @Eigenpiexyz_io has a TVL of $1.65B, while its market cap…
GT Protocol has announced an exclusive collaboration with AgentsGPT. The partnership between GT Protocol and AgentsGPT targets to advance the automated Web3 interactions. With this endeavor, both the platforms combine their strengths to improve the decentralized AI ecosystems in the Web3 sector. 🔥 GT Protocol x AgentsGPT Partnership! 🤝We’re excited to announce our partnership with @agents_gpt, a groundbreaking platform that merges AI agents with blockchain technology to enable intelligent automation at a new level. By allowing users to create live-streaming AI agents… pic.twitter.com/vHJOMPNQ5l — GT Protocol (@GT_Protocol) December 25, 2024 The collaboration focuses on paving the way for unprecedented possibilities…
MicroStrategy co-founder Michael Saylor recently highlighted 60 public companies that can issue equity to buy Bitcoin. The Virginia-based business intelligence firm is, of course, the number one corporate holder of Bitcoin with nearly 389,000 coins. Mining giant Marathon Digital and Mike Novogratz’s Galaxy Digital are in second and third places with 34,794 and 15,449 coins, respectively. E-car manufacturer Tesla is also in the top 10, still occupying the sixth position despite selling off a significant portion of its holdings. MicroStrategy, which emerged as one of the biggest success stories of 2024 due to its stunning gains, recently started attracting more…
The cryptocurrency market has left behind an extremely bullish week, with Bitcoin reaching a historic record of $100,000, and Ethereum also exceeding the $4,000 level, which has not been seen for a long time. In addition, there will be large amounts of token unlocks in many altcoins in the new week. Here is the token unlock calendar that we have prepared specially for you as Bitcoinsistemi.com. (All times are stated as UTC+3 Türkiye time) Sui (SUI) Market Value: $12.25 billion Amount of Tokens to Unlock: $1.58 million (0.01% of market cap) Date: December 9, 2024, 03:00 Near (NEAR) Market Value:…