Author: NBTC
Ethereum Foundation researcher Justin Drake’s claim about the Cardano network was discussed by Cardano founder Charles Hoskinson in a recent X post. Justin Drake recently appeared on the Paul Barron network show, where he discussed the proposed Beam Chain upgrade to enhance Ethereum’s consensus layer with faster finality and zero-knowledge proof integration. Part of the discussion sought to answer the questions, “Is liquid staking an immediate threat to Ethereum?” and “Is Cardano staking superior to Ethereum?” The topic in question raised some misconceptions, leading Hoskinson to elaborate on the strong security model that supports the project, which he drew inspiration…
The original and foundational cryptocurrency, Bitcoin (BTC) has, unsurprisingly, consistently maintained the largest market capitalization of all digital assets. But it hasn’t exactly been a smooth ride — the volatile nature of crypto has led to numerous intense price changes that have added or subtracted billions in BTC’s market cap in short timeframes. In 2024, a promising first quarter was followed up by an extended period of sideways trading without a clear trend. Since mid-October however, things have changed — Bitcoin, as well as the wider crypto market, is now in a bull run, buoyed by tailwinds from resurgent recession…
Phoenix Group, the first cryptocurrency company in the UAE to list on the Abu Dhabi Stock Exchange, is preparing to dual-list on Nasdaq in the coming year. The move is expected to help the company to expand its business footprint in the global market. Here is everything you should know about the development. Read on! Phoenix Group’s Journey and Achievements Originally established in Abu Dhabi in the year 2017, Phoenix Group is now the largest crypto mining operator in the Middle East and North Africa region. Notably, it, at present, manages more than 765 MW facilities in the United States,…
Ripple has moved its entire December reserves of 200 million XRP, worth $500 million, as XRP recovers from a crash. This selling pressure could impact the recovery and further price appreciation, absorbing a significant part of the incoming demand. Notably, the asset went through an aggressive correction after an impressive rally up to the 3rd position by market cap. XRP Ledger’s (XRPL) native token started crashing last week after dismissed rumors and concerning technical indicators, reaching the 4th position. Now, as XRP again struggles behind Tether’s USDT, its largest token holder, Ripple, has initiated a massive sell operation. On December…
Michael Saylor-led MicroStrategy (MSTR) stands at the top of organizations that adopted Bitcoin as its primary Treasure reserve asset and is officially joining the Nasdaq 100 index today, December 23, 2024. This is a significant moment for MicroStrategy because the firm started out as a software company and is now a leading player in the financial market. MSTR Pre-Market Trading Price Since the announcement, the $MSTR stock price has been fluctuating, and currently, the pre-market price stands at $357.50 as per Trading View. Analysts predict that there could be a possible rally in the prices of the $MSTR stock due…
The high-performance blockchain network, IOST, has announced its partnership with the enterprise-grade GPU-as-a-service named Aethir. Such integrations of Aethir’s cloud computing system and the IOST Blockchain technology are enabled through this partnership to address growth in the next Decentralized Finance (DeFi), gaming, and AI Apps industries. 🔗 IOST x @AethirEco: Empowering the Future of Web3🌐 Aethir’s decentralized GPU cloud platform meets IOST’s blockchain technology🎮 Let’s change the game in decentralized finance, gaming, and AI cloud computing!https://t.co/LWSGlfoem7 pic.twitter.com/VtlkUh6R3Z — IOST (@IOST_Official) December 11, 2024 The newly formed partnership will be helpful in propelling the development of PayFi (decentralized payments), DePIN (decentralized…
CoinGlass data reveals that $676 million of cryptocurrency has been liquidated over the last 24 hours. This liquidation comes as the leading digital currency, Bitcoin (BTC), registered a massive breakout that surpassed $100,000. Bitcoin leads crypto liquidation falloff Overall, in the past 24 hours, 208,238 traders were liquidated, with total liquidations coming in at $676.21 million. Long positions accounted for most of these liquidations at $372.79 million, while short positions were $69.37 million less at $303.42 million. The largest liquidation registered is Bitcoin, with $182.52 million. The CoinGlass data shows that most Bitcoin liquidations were registered by traders who took…
XRP dropped 3% in the past 24 hours, leading losses among major tokens as bitcoin (BTC) started the festive week in the red and Japanese bitcoin accumulator Metaplanet (3350) announced its biggest purchase. The Tokyo-listed company said it bought a record 619.70 BTC for 9.5 billion yen ($61 million) in a move that lifted its BTC holdings by 54%. BTC is still 1.5% lower over 24 hours, CoinGecko data shows, with ether (ETH), Cardano’s ADA, Solana’s SOL and dogecoin (DOGE) all down as much as 2%. Chainlink’s LINK and Tron’s TRX gained, while the broad-based CoinDesk 20 (CD20) index fell…
Tokenization platform Zoniqx taps Hedera to drive its tokenization agenda. The duo has a strong focus on sustainability amid the RWA push. Zoniqx, a global fintech company specializing in converting real-world assets into Security Tokens, intends to change the tokenization landscape with the Hedera network. Zoniqx is on track to leverage Hedera’s capabilities to transform Real-World Asset (RWA) in a sustainable way. Why Hedera? Zoniqx chose Hedera because of its high performance, security, and scalability. Companies seeking to optimize operations have turned to Hedera for solutions, ranging from safe data sharing to tokenized assets. Per security, Hedera’s consensus mechanism can…
At one point early Wednesday, Bitcoin analysts were saying that a worrying amount of BTC had been transferred onto exchanges, and the asset faced a steep sell wall on its way to a six-digit milestone. But that didn’t last very long. Last last night during U.S. trading hours, Bitcoin climbed as high as $103,679 according to CoinGecko data. And even now, as the Bitcoin price hovers at $103,511—having climbed nearly 8% compared to this time yesterday—it’s within striking distance of another new all-time high mark. So what have traders made of this? Judging by the order books, there won’t be…