Author: NBTC

Since the fourth Bitcoin halving took place resulting in Bitcoin issuance dropping from 900 to 450 per day miners have seen daily revenue hit a record high of over $100 million, said CryptoQuant the on-chain data analytics firm based in South Korea. In its weekly research note, CryptoQuant said the spike in revenues was the result of record-high transaction fees of $80 million or 1,252 Bitcoin – representing 75% of total miner revenue that day. The issuance of new Bitcoin per block has been cut in half to 3.125 Bitcoin. This implies that only 450 new Bitcoins will be issued…

Arkham Intel Exchange, a leading platform for intel verification, has recently completed the integration of Chainlink Functions into its verification process. This move marks a significant advancement towards achieving full decentralization in the verification of intel. By incorporating Chainlink’s renowned oracle solution, Arkham Intel Exchange enhances the security and reliability of its verification mechanism, replacing the previous centralized oracle system with a decentralized network. This integration introduces an additional layer of decentralization between the Arkham Foundation’s verification process and the smart contract responsible for rewarding successful intel submitters. .@ArkhamIntel has upgraded its blockchain intelligence exchange using #Chainlink Functions to bring…

The recent approval of Bitcoin spot exchange-traded funds in the U.S. is undoubtedly a strong development for Bitcoin and crypto, particularly on the regulatory and institutional fronts. From a technological viewpoint, the positive reception to the ETFs is also a reminder the crypto industry must continue to reduce user-friction if we want to see mass adoption. It is now two months since the U.S. Securities and Exchange Commission approved Bitcoin spot ETFs for listing, and Bitcoin has hit a new all-time high and regained its trillion-dollar market capitalization. An early forecast estimated the funds will manage assets of $72 billion…

Following Ethena’s ENA airdrop, the community has shifted its focus on Wormhole’s airdrop W, which has been listed on various centralized exchange platforms and coin market cap aggregators. The new token known as W has seen an extremely volatile day with the price tapping an all-time high at $1.66 per coin. Wormhole’s New Airdrop W Makes Waves in Crypto Markets Wormhole‘s cryptocurrency, colloquially known as W, became a focal point in the crypto community this Wednesday following notable market activity. The token plummeted to a record low of $1.25, only to soar to a high of $1.66 per unit, as…

Robinhood has added support for three new tokens for traders in New York. An update the stocks and crypto trading app shared on Wednesday listed Shiba Inu (SHIB), Avalanche (AVAX), and Compound (COMP) as the three new tokens its users in New York can now trade. Attention New York 🚨 Shiba Inu ($SHIB), Avalanche ($AVAX) and Compound ($COMP) are now available for New York State residents! Buy, sell and trade your favorite crypto assets on the Robinhood app. See the full list of assets available: https://t.co/B41xoSGcQA pic.twitter.com/mLBxz3Devx — Robinhood (@RobinhoodApp) April 24, 2024 Robinhood expands list of tokens available to…

Argo Blockchain (LSE: ARB; NASDAQ: ARBK), a cryptocurrency mining company, has released its 2023 financial results, revealing a year marked by strategic adjustments amidst industry challenges. However, despite achieving a modest gross profit, net income was negative for another consecutive year. The company mined 1,760 Bitcoin throughout the year, averaging 4.8 Bitcoin per day, despite facing increased global hashrate and network difficulty. Annual revenues reached $50.6 million, a 14% decline from the previous year, as the mining margin decreased to 43% from 54% in 2022. However, Argo made significant strides in optimizing its operations, increasing its hash rate by 0.3…

EVM-compatible and gasless blockchain SKALE Network reached 17 million unique active wallets (UAW) in the first quarter, according to a report shared by SKALE Labs, the team behind the project. Moreover, the report states that SKALE “saved its users $3.1 billion in gas fees in Q1”, comparing its network with BNB Chain and AVAX, which charged over $330 million in fees combined in March alone. Image: SKALE Moreover, over 70 projects and integrations have adopted SKALE technology in Q1, contributing to its expansion. The report mentions collaborations with ChainGPT, TCG, Dmail, NFT Arcade, and others. “SKALE’s gasless approach fundamentally changes…

In recent market development, renowned cryptocurrency analyst Ali Martinez has raised concerns over the potential for an imminent price correction of Bitcoin (BTC). According to Martinez, the TD Sequential indicator, a popular tool among traders for identifying price trends, has flashed a sell signal on the 12-hour BTC chart. This could be an important signal for short-term traders, as historical data from early February shows that every time this indicator has suggested a sell, Bitcoin’s price has experienced a drop ranging between 1.6% and 3.5%. In addition, the chart shared by Martinez underscores the repetitive nature of this trend. Each…

VeChain’s institutional backing fuels speculation and scrutiny amid ambitious projections. Collaboration with BCG signals VeChain’s pivotal role in driving sustainability initiatives. VeChain’s blockchain facilitates diverse, innovative solutions across industries for real-world impact. VeChain‘s trajectory garners attention as one particular VET holder weighs in on its potential, citing the substantial $3.5 billion institutional investment in 2018 by giants like DNV, PwC, and Bayer Capital. The $3.5 billion in 2018 investment in @vechainofficial by institutions like DNV, PwC, and Bayer Capital is promising, but predicting its success or specific price targets like $1-$5 by 2027 is complex. Monitoring VeChain’s progress and market…

The Hong Kong Securities & Futures Professionals Association (HKSFPA) advocated establishing a self-regulatory committee within the city’s crypto firms to enhance compliance monitoring on April 22. “Many economically developed regions in the world have established statutory semi-official industry self-regulatory institutions to focus on industry development,” Hong Kong regulators wrote. HKSFPA Calls for Industry-Led Licensing Authority in Hong Kong’s Financial Market In a recommendation letter, the HKSFPA highlighted the absence of an overarching organization to foster the development of Hong Kong’s financial market industry. It criticized the current regulatory landscape as overly focused on supervision without adequate mechanisms for industry-wide coordination.…