Author: NBTC
The Bitcoin price is sustaining its bullish momentum from the previous day. Today, it surpassed the $27,000 threshold, a level not seen since August 31. Notably, BTC recorded its first green weekly closing candle in five weeks yesterday. As of press time, the Bitcoin price has reached an intra-day high of $27,267. Why Is Bitcoin Price Up Today? One major indicator that has captured analysts’ attention is the rapid increase in Open Interest. DaanCrypto, a noted figure in the crypto space, commented on the Open Interest of Bitcoin: “Bitcoin Open Interest has been ramping up like crazy these past few…
Final week, the working room at Shwe La Min Hospital turned the positioning of a notable occasion within the medical area. There was a centered exercise as professionals assembled to discover a brand new frontier in international healthcare collaboration by means of know-how facilitated by the Metaverse. The Veyond Join platform by Veyond Metaverse served because the central software on this experiment, aiming to foster collaboration between surgeons located in Yangon and Paris. This know-how did extra than simply hyperlink Shwe La Min Hospital in Yangon with surgeons in Paris; it just about positioned them in the identical room, permitting…
In a rare lapse in technological expertise, the recently unveiled Ethereum testnet, Holesky, failed to launch after developers discovered flaws in the testnet’s design. Ethereum Holesky Testnet Riddled With Misconfigurations The crypto community and Ethereum enthusiasts are presently waiting for the return of Ethereum’s Holesky testnet which was scheduled to launch on Friday, September 15. The Holesky testnet which was created to replace Ethereum’s Goerli testnet after its deprecation in 2024 encountered an unexpected technical hiccup on the day of its release. The release date marked a significant date in the Ethereum community’s history, commemorating the one-year anniversary of Ethereum’s…
The US Authorities is countering the attorneys of former FTX chief government Sam Bankman-Fried, saying that they’re asking jurors “unnecessarily intrusive” questions. In a brand new submitting, Bankman-Fried’s legal professionals proposed asking jurors varied questions, corresponding to in the event that they’ve ever heard of the previous CEO or his corporations, shaped opinions on him or the companies or in the event that they’ve already determined if he’s responsible or not. The questions had been a part of the voir dire course of, which is a preliminary examination into the fancy of the jurors. In a separate submitting, the US…
Bitcoin has had an eventful week, gaining by over 5% to trade above the $26,000 price. Even following the release of the US Consumer Price Index, which showed an inflation rise of 0.6%, the premier cryptocurrency remained resilient with little to no price drops. As BTC now hovers around the $26,500 price mark, market analysts and crypto enthusiasts continue to speculate on the token’s next movement. Notably, co-founders of market intelligence platform Glassnode Jan Happel and Yan Allemann have plotted a possible path through which Bitcoin may return to $30,000 in the coming weeks. Bitcoin’s Road To $30,000 Marked By…
Since its inception, Ethereum has continuously been compared to Bitcoin with the former being hailed as a better option to the latter in some cases. As the years have flown by, the competition has gotten even fiercer, especially with ETH growing rapidly. Eventually, Ethereum seems to be catching up with Bitcoin, especially in terms of active addresses. Ethereum Active Addresses Surpass Bitcoin On Thursday, September 14, on-chain data tracker Santiment revealed a surprising update on the fierce rivalry between Bitcoin and Ethereum. In the X post, the tracker revealed that the number of unique addresses that were transaction on the…
One year has passed since the Ethereum (ETH) Merge, which marked the integration of Ethereum’s proof-of-stake (PoS) Beacon Chain with the Ethereum Mainnet. This significant milestone facilitated the transition of the Ethereum blockchain from the legacy proof-of-work (PoW) system to a PoS model, giving rise to Ethereum 2.0. The completion of the Merge on September 15, 2022, brought about a major shift in Ethereum’s energy consumption, with an expected reduction of 99.95%. Additionally, this transition opened up new possibilities for scaling the Ethereum ecosystem. The merge involved migrating the entire blockchain to new PoS validator nodes, which require participants to…
Coinbase CEO Brian Armstrong says the U.S. Commodity Futures Buying and selling Fee (CFTC) shouldn’t be issuing warnings towards decentralized finance (DeFi) protocols. Final week, the CFTC introduced that it charged DeFi protocols ZeroEx, Opyn and Deridex for providing unlawful derivatives buying and selling. The regulator says it additionally ordered the three companies to pay financial penalties and to stop and desist from violating the Commodity Alternate Act (CEA) and different CFTC rules. Armstrong, nonetheless, argues that these tasks should not monetary companies companies and says “it’s extremely unlikely the Commodity Alternate Act even applies to them.” “My hope is these DeFi…
Ethereum Core Developers have officially approved EIP-7514 for inclusion in the upcoming Dencun upgrade which is slated for late 2023. This Ethereum Improvement Proposal (EIP) primarily aims to decelerate the growth rate of ETH staking, thereby providing the Ethereum community additional time to craft an improved validator reward scheme. The main modification brought by this EIP is setting the Max Epoch Churn Limit, the validator activation queue upper limit, to a constant value of 8. Previously, the churn limit was calculated by taking “The total number of validators/65536,” which at present equates to about 12/epoch. The decision followed an Ethereum…
In recent days, Bitcoin has shown signs of a potential reversal, with the cryptocurrency charting three consecutive green daily candles. The last time such a pattern was observed was early July and between mid and late June, when Bitcoin rallied from just under $25,000 to over $31,000. This shift in price dynamics has led to a change in market sentiment, with the bearish outlook slowly giving way to a more bullish perspective. While Bitcoin has successfully averted the confirmation of a double top on the 1-week chart fo the moment, this price action has fueled discussions among analysts about the…