Author: NBTC

Sentiment among venture capital investors for crypto this year continues to improve, with a potential resurgence forecast for the coming months. That’s despite an ongoing breakdown in the relationship between Bitcoin’s price and capital invested in crypto startups for Q2, 2024, Galaxy Digital said in its latest analysis on Tuesday. Compiling data from Pitchbook on Monday, Galaxy took stock of deals conducted in the last three months, which found quarter-over-quarter capital investment rose by 28% to $3.19 billion. While the total deal count dropped by roughly 4% from the previous quarter, median valuations of startups before they received new funding…

In a recent statement, Vitalik Buterin, co-founder of Ethereum, expressed his dissatisfaction with the growing trend of celebrity tokens. He emphasized that these tokens often lack substance and fail to contribute to meaningful causes. Buterin recalled his earlier ideas on using tokens to fund important public projects, such as cancer research or environmental conservation. He continues to highlight the potential for cryptocurrencies to serve the public good. Celebrity Tokens Need More Than Fame to Succeed Buterin recently took to X (Twitter) to express his thoughts on the recent trend of celebrity token launches. He voiced his disappointment, criticizing the superficial…

Kraken is considering using nuclear energy as a power source for its data centers. The crypto exchange is looking to partner with energy providers that can supply small modular reactors. The company is exploring nuclear power options in North America and Europe. Kraken is considering using nuclear energy to power its data centers, amidst an expected boom in decentralized finance (DeFi) and increased demand for its services, the company’s chief technical officer, Vishnu Patankar, said in an exclusive interview with CoinDesk. Kraken is not looking to build its own reactors, but is considering partnering with energy providers that can supply…

CleanSpark mined 445 Bitcoin (BTC) in June and grew its hash rate above 20 EH/s on the back of its recent expansion in Georgia. The mining firm’s June performance results, published On July 2, also described an average daily output of 14.83 BTC and a one-day high of 22.41 BTC. The company mined 3,614 BTC in 2024 to date. It held 6,591 BTC as of June 30 and sold 8.06 BTC in June for $67,514. Georgia expansion CleanSpark recorded an average daily hash rate of 17.85 EH/s during June, and its current hash rate is 20.4 EH/s — surpassing its…

One widely followed crypto analyst says Bitcoin’s latest rally is turning an old BTC resistance into new support. Pseudonymous crypto trader Rekt Capital tells his 468,200 followers on the social media platform X that BTC’s 2% leap in the last 24 hours could be the end of a downtrend. “BTC is breaking its Daily Downtrend” Source: Rekt Capital/X According to the analyst, the $60,000 price zone was acting as a barrier to BTC. However, Rekt Capital now believes that the barrier has now been flipped to a foundation. “Bitcoin has successfully turned the old major resistance into a new major…

Eurozone inflation cooled slightly in June, but the European Central Bank (ECB) is expected to maintain its cautious stance on interest rate cuts due to rising service prices. Consumer prices rose 2.5% year-on-year in June, down from 2.6% in May, according to the European Union’s statistics agency. Core prices, excluding energy and food, increased by 2.9%, matching May’s figures and exceeding economists’ expectations. Despite easing inflation in Germany, France, and Spain, service prices, including restaurants, holidays, and healthcare, remained 4.1% higher than a year ago. ECB policymakers are concerned that these increases are driven by wage hikes, which may persist…

Shiba Inu (SHIB) tops the trading charts on WazirX for May 2024, surpassing Bitcoin (BTC), Pepe, and Floki in trading volume. In May 2024, the crypto market witnessed a significant shift in trading patterns on WazirX, India’s leading crypto exchange. Shiba Inu emerged as the most traded coin on the platform, surpassing other notable cryptocurrencies like Bitcoin (BTC), Floki, and Pepe. Top five traded coins on WazirX in May’24: 🚀 $SHIB🚀 $BOB🚀 $PEPE🚀 $FLOKI🚀 $BTC Which one did you trade the most? pic.twitter.com/fQlfhUhRrt — WazirX: India Ka Bitcoin Exchange (@WazirXIndia) June 5, 2024 Top Five Traded Coins Following closely behind…

An XRP exchange-traded product (ETP) has launched on Nasdaq Stockholm, the premier stock exchange in the Nordic region. In an official press statement on Tuesday, Swedish digital asset manager Virtune disclosed the debut of its Virtune XRP ETP on Nasdaq Stockholm. The Virtune XRP ETP aims to offer investors a way to tap into the performance of XRP, the seventh-biggest crypto project with a valuation of over $26.63 billion. XRP ETP Starts Trading on Nasdaq Stockholm The report noted that the newly launched XRP ETP is fully collateralized and 100% backed by physical XRP tokens. Virtune has partnered with leading…

Bitcoin miners experienced a challenging second quarter in 2024, marked by a 7% decline in hashrate following the halving event. Despite this, the industry saw significant efficiency improvements and notable market activity, according to a Coinmetrics report. Bitcoin Mining Faces Pressures and Efficiency Improvements in 2024 Second Quarter In the aftermath of Bitcoin’s halving in April 2024, the network’s 30-day moving average hashrate dropped by 7%, from an all-time high of 626 exahash per second (EH/s) to 580 EH/s. Coinmetrics researchers say the decrease in hashrate highlights the pressures faced by miners as they adapt to reduced block rewards and…

Jaffe Tilchin Investment Partners was one of several firms that disclosed investments in spot Bitcoin ETFs on May 16. The Florida-based investment manager and insurance services advisor revealed it invested $11.3 million in spot Bitcoin ETFs during the first quarter — comprising $9.8 million in BlackRock’s IBIT and $1.6 million in Grayscale’s GBTC. Separately, Nebraska-based investment advisor WealthPlan disclosed a $2.2 million investment in GBTC, while Skyview, a New Jersey-based investment advisor, disclosed a $1.3 million investment in GBTC. Texas-based Comerica Bank reported $647,000 invested across four funds, including $361,395 in GBTC, $225,013 in IBIT, $33,219 in Ark’s ARKB, and…