Author: NBTC
Bitcoin mining executives from top firms gathered at the HC Wainwright Bitcoin Mining Panel on Sept. 10 to discuss industry trends, challenges, and the future of Bitcoin. The panel, moderated by Anthony Scaramucci of SkyBridge Capital, featured CEOs from prominent mining companies, including Bit Digital, Bitfarms, CleanSpark, Core Scientific, and Marathon Digital Holdings. The executives shared insights on various aspects of the Bitcoin mining industry, from energy consumption to market forces and long-term outlook. Fred Thiel, CEO of Marathon Digital Holdings, emphasized the critical role of Bitcoin miners in balancing energy grids. “Bitcoin mining is one of the few loads,…
Reactions continue to emerge following Ethereum co-founder Vitalik Buterin’s latest proposal in “The Scourge,” addressing Ethereum’s future. Ethereum (ETH) co-founder Vitalik Buterin recently unveiled the final part of his vision for Ethereum’s future, known as “The Scourge.” Possible futures of the Ethereum protocol, part 3: The Scourgehttps://t.co/mtzH1ZxTak(I tried my best to be fair to all sides of the debates here!) — vitalik.eth (@VitalikButerin) October 20, 2024 This proposal targets two main issues: the rising centralization in Ethereum’s block construction and the increasing dominance of liquid staking providers. Buterin’s plan includes introducing a two-tier staking system, capping penalties for stakers at…
Renewed bias for leverage points to increased investor risk appetite. High-leverage liquidity in bitcoin is concentrated at around $58,500. Increased leverage indicates traders taking on more risk and a possible jump in price volatility. Leverage in the bitcoin (BTC) market is growing again, a sign traders are looking to take on more risk, potentially injecting volatility into the market. The so-called estimated leverage ratio, which divides global futures open interest by the number of coins held on exchanges, has jumped to 0.2060, the highest since October 2023, according to data tracked by analytics firm CryptoQuant. The increase follows a months-long…
As the countdown to Hamster Kombat’s HMSTR token listing ticks closer, anticipation builds within the crypto community. Set for a prominent debut on major crypto exchanges like Binance and OKX tomorrow, speculations swirl regarding the HMSTR token’s initial trading price. Airdrop analyst Gautam Gupta forecasts a potential dip in HMSTR prices post-listing. This is because airdrop hunters are always poised to cash out after the token listing. What Will be Hamster Kombat’s HMSTR Token’s Price? Gupta compares Hamster Kombat listing with Notcoin, one of the first tap-to-earn projects. Notcoin released 80% of its supply during the airdrop, achieving a fully…
Bitcoin is going to break out to new highs by year-end irrespective of who wins the U.S. election, the report said. The bank said bitcoin could reach $125,000 if Trump wins and $75,000 if Harris triumphs. Standard Chartered said positive catalysts such as regulatory reform are expected to dominate the crypto market, regardless of the election outcome. Bitcoin (BTC), the world’s largest cryptocurrency, is expected to hit a new high by year-end, regardless of who wins the U.S. election in November, investment bank Standard Chartered (STAN) said in a report on Thursday resuming coverage of the sector. The outcome of…
In a particularly high-stake move, a whale investor who lost $611,000 on cryptocurrency $POPCAT paid 8,644 SOL ($1.29 million) to repurchase 1.3 million $POPCAT tokens in an attempt for a financial rebound. A whale who lost $611K(-45%) on $POPCAT before spent 8,644 $SOL($1.29M) to buy 1.3M $POPCAT at $1 again in the past 2 days.Can he make money on $POPCAT this time?https://t.co/xmXhubPcWP pic.twitter.com/mgDzu7gGYZ — Lookonchain (@lookonchain) September 25, 2024 This massive exchange was brought to the attention of Lookonchain, a blockchain analytics platform that captures the actions of whales and significant changes in the market. The whale bought the POPCAT…
El Salvador accumulates Bitcoin daily, reaching 5,871 BTC. Mixed public adoption, with 88% of Salvadorans not using Bitcoin. El Salvador has made headlines once again in the cryptocurrency world by consistently adding one Bitcoin to its national reserves every day for the past 665 days, regardless of market conditions. This accumulation strategy has brought the government’s Bitcoin holdings to 5,871 BTC, currently valued at approximately $342 million. 🇸🇻 El Salvador keeps stacking 1 #Bitcoin daily for the past 665 days, no matter the market!The government now holds 5,871 $BTC ($342M), with 3,046 $BTC publicly known to be bought at an…
Solana’s technological prowess could propel its market cap to reach half of Ethereum, according to a recent report from VanEck’s Market Vector. The report also projects that Solana’s price may rise to $330, which means an increase of over 50% from its current level. “Based on third party research, Solana has the potential to reach 50% of Ethereum’s market cap, with predictions placing SOL at a price of USD 330,” the report wrote. “These forecasts are derived from technical models available on platforms like TradingView, suggesting a possible seismic shift in the cryptocurrency landscape if this market cap increase occurs,”…
Before bitcoin’s fourth halving, the crypto asset soared to a peak of $73,794 on March 14, as recorded on Bitstamp. During the period from March 10 to April 10, bitcoin’s hashprice—representing the estimated daily earnings for 1 petahash per second (PH/s)—fluctuated between $105 and $125 per PH/s. Fast forward to this week, and as BTC hovers around $68.5K to $61.2K, the hashprice has bounced around between $47.88 and $53 per PH/s. Considering the impact of the fourth halving and increased mining difficulty, BTC’s spot price would need to climb into the triple-digit range for hashprices to again breach $100 per…
GMX, a leading decentralized perpetual exchange, has introduced a new BTC-USD market backed by tBTC, the decentralized Bitcoin-backed token from Threshold Network. This launch is a significant step for GMX to offer its users a trust-minimized alternative to the commonly used wrapped Bitcoin (wBTC). GMX launches a BTC-USD market backed by tBTC, the decentralised Bitcoin-backed token from Threshold Network.GMX is introducing tBTC as a collateral asset on Arbitrum, offering users a trust-minimised alternative to wrapped BTC (wBTC). The decentralised token from @TheTNetwork… pic.twitter.com/7LXzu0AGbf — GMX 🫐 (@GMX_IO) September 11, 2024 GMX Unveils tBTC as a Collateral Asset on Arbitrum The…