Author: NBTC
Decentralized Physical Infrastructure Networks (DePin) are transforming the tech landscape by enabling decentralized projects in real-world infrastructure. Here’s what happened recently in the DePin sector: io.net’s CEO stepped down just before their token launch, Helium Mobile reached over 92,000 subscribers, and the number of active decentralized physical infrastructure projects grew to more than 1,200. CEO of io.net Steps Down Solana-based decentralized infrastructure provider io.net, which allows users to monetize their GPU power, has recently replaced its CEO just two days before the launch of its native token on Binance Launchpad. The token launch, scheduled for Tuesday, June 11, is part…
Key Points: Bitcoin long-term holders for over 3 years reach a record high of over 47%, indicating growing confidence in the cryptocurrency’s future value. Selling pressure from long-term holders eases, allowing for more bullish market sentiment and potential price increases. Despite market fluctuations, steadfast conviction among long-term holders underscores optimism for Bitcoin’s trajectory. The percentage of Bitcoin long-term holders who have held onto their assets for three years or more has surged to a new record high, surpassing 47%, as shown by Bitcoin Magazine. Bitcoin Long-Term Holders Surge This milestone comes amidst ongoing market recovery following the halving and initial…
The Bitcoin network is witnessing a remarkable phenomenon: the reawakening of ancient BTC whales. These entities, which have not moved their holdings for over a decade, are now resurfacing, contributing to a significant spike in on-chain activity. This surge in activity among long-dormant Bitcoin addresses marks a significant trend in this current market cycle, reflecting an increase in the movement of old BTC holdings. According to Julio Moreno, the head of research at CryptoQuant, This current cycle has awakened more Bitcoin OG’s than ever. The 10+ year-old Bitcoin spending indicator reached a record high of 3.7% in March, when Bitcoin…
Optimism, a leading layer-2 blockchain, aims to help Ethereum users transact quickly and for lower fees. Its tech serves as the foundation for some of the biggest names in blockchain, including the Coinbase exchange’s popular Base blockchain and Worldcoin’s World Chain–from OpenAI founder Sam Altman. But for years, Optimism had a problem. All of the blockchains that used Optimism’s technology were built according to a core underlying premise: They “borrowed” Ethereum’s security apparatus. In reality, however, that wasn’t the case. Until now, Optimism has been missing a core feature at the heart of its security design: “Fault proofs.” On Monday,…
Ethereum-based farming game Pixels—the hottest crypto game not built on Telegram—just rolled out a massive Chapter 2 upgrade this week that significantly shakes things up. But you wouldn’t know it at a glance. “Everybody’s day-to-day inside the game changes pretty drastically,” Pixels founder Luke Barwikowski told Decrypt ahead of the launch. Pixels retains the charming retro vibe that the game’s own title conveys. And it’s fair to say that the previous gameplay was a hit with many players, attracting millions of users over the past few months alone. But for Barwikowski and his team, it’s an attempt to “basically fix…
Bitcoin Bitcoin and ethereum have exploded higher over the last year, largely due to the arrival of Wall Street spot exchange-traded funds (ETFs)—though the Federal Reserve could be about to turbocharge the bitcoin price. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and “uncover blockchain blockbusters poised for 1,000% plus gains” in the aftermath of bitcoin’s halving earthquake! The bitcoin price has rebounded to its all-time highs of around $70,000 per bitcoin with the ethereum price coming to within touching distance of $4,000 per ether this week after the shock ethereum ETF approval created an “opportune moment” for bitcoin. Now,…
As the 2024 US presidential election approaches, the prospects for altcoin exchange-traded funds (ETFs), particularly Solana, could hinge significantly on the political outcome. The Securities and Exchange Commission (SEC) has recently shown some leniency by allowing fund managers to list spot Ethereum ETFs. However, SEC Chair Gary Gensler cautioned that it would take time for these to launch. Trump Victory Could Boost Solana ETF Approval Odds Speculation about the next potential crypto ETF has already begun, with Solana emerging as a leading contender. Cathie Wood, CEO and CIO of ARK Invest, stated that major financial institutions would likely focus on…
Charles Hoskinson, the founder and CEO of the Cardano development firm IOG, critiques the long-term survivability of Bitcoin (BTC), the world’s largest crypto by market cap. Bitcoin Needs Crypto Industry to Survive The Cardano founder expressed this concern in a recent viral interview, emphasizing that he does not see Bitcoin surviving without the industry. Hoskinson’s statement was in response to some Bitcoin proponents who believe the asset has grown to the point that its survival does not rely on the broader crypto ecosystem. According to Hoskinson, Bitcoin requires the crypto ecosystem, including exchanges and other infrastructure, to survive. However, he…
Trump-inspired memecoins MAGA (TRUMP), MAGA Hat (MAGA) and Super Trump (STRUMP) pared some of their recent gains as shares of Nasdaq-listed Trump Media slipped on Monday. While still the top trending tokens in the politics-inspired memecoins world, TRUMP, MAGA and STRUMP were trading lower afternoon trading. Data from CoinMarketCap showed MAGA Hat price was down more than 15% in the past 24 hours. Meanwhile, TRUMP and STRUMP had cut recent gains to -8.3% and -4.4% in the past week respectively. Both tokens have also slipped in the past 24 hours, with spike in volatility pushing prices to $13.74 and $0.02239…
The price of Bitcoin (BTC) reaches the barrier of $71,922, marking the end of its upward momentum. Long-term forecast for the Bitcoin price: bullish According to the latest analysis by Coinidol.com, the largest cryptocurrency has also completed a modest pullback above $66,400 and is preparing for the second leg of its upward momentum. The retracement is expected to take Bitcoin back to its previous high of $73,666. Today, the BTC price is trading at $68,878 as it resumes its uptrend. Should Bitcoin rise above and break through the $73,666 resistance level, it is expected to rise above the psychological price…