Author: NBTC
Bitcoin (BTC) is becoming more difficult to mine after increasing competition in the past ten days. The next difficulty adjustment may make the network even more competitive. The Bitcoin (BTC) difficulty index is near an all-time high, after a small readjustment at the end of January. The next difficulty readjustment points to an increase of 4.71%, further pressuring miners to allocate more resources or shut down their operations to await more favorable difficulty conditions. The behavior of miners and their readiness to produce coins under all conditions may sighal whether the price of BTC will continue its upward trek, or…
Bitcoin experts are buzzing as President-elect Donald Trump lashed out against current Federal Reserve policy, calling interest rates “far too high” despite persistent inflationary pressures. “We are inheriting a difficult situation from the outgoing administration,” Trump said at his Mar-a-Lago club, adding that officials seem to be “trying everything they can to make it more difficult” for his incoming team. The blunt remarks, coming fewer than two weeks before Trump’s inauguration, have stoked anticipation of a possible shift in US monetary policy—and raised speculation about a boost for Bitcoin and other risk assets in the new year. The 2017 Trump…
MultiversX announced a strategic partnership with major cloud service providers, including Alibaba Cloud, Tencent Cloud, AWS Cloud, and Google Cloud. This innovative collaboration is set to enable MultiversX to drive Web3 advancement and boost the extensive adoption of various decentralized applications. The alliance is a testimony of a mutual dedication between MultiversX and the abovementioned cloud service providers to advance Web3 accessibility through blockchain capabilities. Top-tier strategic collaborations with @googlecloud, @awscloud, @tencentcloud & @alibaba_cloud.Discover their expansive toolkit available on MultiversX, for streamlined onboarding and a powerful developer experience.https://t.co/9HIlazfHz4 — Multiversᕽ (@MultiversX) January 13, 2025 Interest in cryptocurrencies has increased significantly…
Vietnam’s proposed digital assets legalization framework has the potential to minimize fraud in the country’s crypto space once passed. This is the position of Vietnam Blockchain Association chairman Phan Đức Trung, who revealed in an interview with Vietnam News that the association recently received reports of a $100 million crypto fraud targeting Vietnamese investors. According to Trung, criminals continue to evade accountability in Vietnam due to the country’s “policy grey zones” regarding the legal status of cryptocurrency and digital assets. Vietnam Blockchain Association chairman Phan Đức Trung | Source: VN Express You might also like: Crypto scam: Vietnamese police arrest…
Oklahoma State Senator Dusty Deever has introduced the Bitcoin Freedom Act (SB325). This bill seeks to allow citizens to escape the existing financial systems as prices continue to soar. The bill, filed for the 60th legislative session on February 3, aims to let Oklahomans get paid in Bitcoin and accept it as a form of payment. He noted that Bitcoin is a decentralized digital currency with a limited supply, which can enable Oklahomans to save their earnings and investments. “As Bitcoin continues to rise and the value of the dollar continues to be printed away in Washington, D.C., Oklahoma must…
Solana-centric io.net, a decentralized GPU ecosystem, and veteran programmable L1 Injective have announced a collaboration to explore the integration of Injective’s iAgent AI agent framework with io.net’s decentralized compute network. io.net integrates Injective’s iAgent for data io.net, a global decentralized physical infrastructure (DePIN) network, has entered into a long-term strategic collaboration with Injective, a high-performance L1 for on-chain transactions. With this collaboration, io.net is set to explore iAgent, Injective’s first AI agent-based SDK. It’s easy to get euphoric when new tech comes out, but when it comes to artificial intelligence, the potential impact is truly 🤯So let’s get specific, what…
Bitcoin USD is showing strong bullish momentum following a V-shaped recovery and a breakout from a falling wedge pattern. With critical resistance levels surpassed, the cryptocurrency is projected to target $108,370.60, $117,908.14, and $127,942.43 in the short-to-mid term. Recent whale activity, including the withdrawal of 2,173 BTC, further signals reduced selling pressure. It also shows a potential continuation of the rally. V-Shaped Recovery and Falling Wedge Breakout The daily chart illustrates a V-shaped recovery, often associated with a strong reversal from bearish conditions. The bulls have driven BTC price back up from a crucial support area at $88,000-$90,000. This is…
IOTX, the native token of IoTeX, rose slightly on Jan. 14 as the decentralized physical infrastructure network platform announced a major partnership with enterprise blockchain firm Fireblocks. As the broader crypto market joined risk assets in moving higher after latest U.S. economic data, IoTeX (IOTX) token jumped more than 5% to intraday highs of $0.036. IOTX saw these gains as the DePIN project announced its integration with Fireblocks, an enterprise platform for digital assets management on the blockchain. Earlier in the day, IOTX had hit its lowest price since Dec. 20, 2024. Potential profit taking may therefore curtail immediate upside…
On Monday, February 3, the U.S. Securities and Exchange Commission (SEC) implemented a new policy that could slow down its crypto-related investigations. According to Reuters, sources familiar with the matter revealed that SEC lawyers are now required to get approval from politically appointed leadership before formally initiating probes. This change marks a shift in the SEC’s previous procedures and comes under the agency’s new leadership following President Donald Trump’s administration. Typically, the SEC is overseen by five commissioners, including the chair, though the commission currently operates with only three members — two Republicans and one Democrat. Commissioners are appointed by…
Bitcoin price extended losses and traded below the $95,000 zone. BTC is correcting gains and might struggle to recover above the $96,500 level. Bitcoin started a fresh decline from the $97,500 resistance zone. The price is trading below $97,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $94,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $92,500 support zone. Bitcoin Price Dips Below $95K Bitcoin price failed to start a recovery wave above the $98,000…