Author: NBTC
Bitcoin holders recently showed signs of confidence, with both short-term and long-term investors reducing sell-offs. Blockchain data indicates traders are selling fewer coins at a loss, suggesting reduced panic. Notably, this trend could set the stage for a potential price rebound, with macroeconomic factors and institutions potentially driving growth. Short-Term Holders Reduce Sell-Offs at Loss In one of its latest analyses, Glassnode reported that short-term Bitcoin holders, those who held BTC for less than 155 days, significantly reduced their sell-offs at a loss. The seven-day moving average of Bitcoin sold in loss had risen to a high of about 5,500…
As developers await further testing results from the Hoodi testnet, the highly anticipated Ethereum Pectra mainnet upgrade, initially slated for April 2025, has been delayed. This decision came during Ethereum’s All Core Developers Consensus Call (ACDC) #153 on March 20. It reflects the development team’s cautious approach to ensuring a smooth and stable upgrade process. Hoodi Testnet to Determine Pectra Timeline During the call, Ethereum’s core team reviewed the progress of Pectra. Instead of confirming a mainnet date, they opted to monitor the upgrade’s performance on Hoodi, a newly launched testnet designed to assess Pectra’s stability. This is unsurprising, as…
CoreWeave, one of the hottest players in the artificial intelligence (AI) sphere, filed for an initial public offering (IPO) on March 3. The company works closely with bitcoin (BTC) miner Core Scientific (CORZ); the two firms have inked a multi-billion dollar deal for Core Scientific to build hundreds of megawatts of infrastructure for CoreWeave to run its AI services. In fact, CoreWeave is by far Core Scientific’s largest client. Which raises a question: How will CoreWeave’s IPO affect Core Scientific? “CoreWeave’s IPO likely will have a correlating impact on Core Scientific,” Wolfie Zhao, head of research at TheMinerMag, told CoinDesk.…
Binance has announced Nillion (NIL) as the 65th project on Launchpool, allowing users to farm NIL tokens by staking BNB, FDUSD, and USDC. Binance Launchpool Introduces Nillion (NIL); Trading to Begin on March 24 The farming period will continue for three days, starting at 03:00 on March 21, 2025. Key Details: Token Name: Nillion (NIL) Total Supply: 1,000,000,000 ZERO Launchpool Rewards: 35,000,000 NIL (3.5% of total supply) Initial Circulating Supply: 195,150,000 NIL (19.52% of total supply) Desteklenen Havuzlar ve Ödüller: BNB Pool: 28,000,000 NIL (80%) FDUSD Pool: 3,500,000 NIL (10%) USDC Pool: 3,500,000 NIL (10%) Binance will officially list NIL…
Cautious optimism appears to have edged bitcoin’s price upward a day after negative inflation data caused a market-wide decline. Bitcoin Bounces Back Slightly Despite Lingering Market Uncertainty Bitcoin (BTC) is seeing a modest recovery, trading at $95,863.12 at the time of reporting. Coin Market Cap data shows the leading cryptocurrency has gained 0.50% over the past 24 hours but remains down 2.33% on the weekly chart. Despite continued uncertainty in the broader market, BTC has fluctuated within a 24-hour range of $94,777.27 to $98,151.03, suggesting ongoing volatility as traders assess market conditions. (BTC Price / Trading View 1D chart Bitstamp)…
Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has been a key player in the crypto market, driving innovation in decentralized finance (DeFi), smart contracts, and blockchain applications. However, after reaching an all-time high of $4,878 in November 2021, ETH has struggled to reclaim those heights, facing multiple price corrections. Currently trading around $1,967, ETH price has been in a prolonged downtrend, raising concerns among investors. With the crypto market showing signs of recovery and institutional interest growing, the question remains: Can Ethereum break out of its bearish trend and rally to an ambitious target of $7,000? To answer this,…
Privy, a provider of cryptocurrency wallet infrastructure, raised an estimated $15 million in a funding round led by Ribbit Capital. The company, which announced the funding on Wednesday, offers application programming interfaces (APIs) for developers to manage and integrate user data, allowing its customers to offer crypto services and other on-chain functions so that end users can buy, sell and hold cryptocurrency. “Businesses that emerge from the early adoption of crypto rails will not only thrive but also redefine how value is created and exchanged globally,” Privy said. “But this future hinges on one critical factor: making it easy for…
TOP AI Network collaborates with Filecoin to enhance AI training through decentralized and efficient data storage. Filecoin’s decentralized storage helps TOP AI Network optimize AI models with reliable, secure, and accessible infrastructure. TOP AI Network, a platform known for its decentralized approach to AI model development, has now entered into a partnership with Filecoin. This cooperation creates new chances for safer, more broadly accessible, and more effective development and storage of AI models. TOP AI Network is using Filecoin’s decentralized storage to power AI model training and optimization. By combining decentralized inference with reliable storage, they’re making AI development more…
Retail transactions, food, and drinks make up most cryptocurrency usage behaviors in the European Union, a new mini-report by Oobit indicates. The study conducted an investigation of six months of Oobit usage data. The statistics show that 70% of all crypto costs are categorized as day-to-day retail purchases. Romania, Poland, and Hungary were also the top three nations for crypto payment usage on the Oobit platform. USDT is the leading choice of payment currency Tether’s USDT has become the go-to stablecoin for European crypto payments. USDT made up 92% of all transactions that were made via the Oobit app. The…
Bitcoin (BTC) and the broader cryptocurrency market have been caught in sharp swings following the release of hotter-than-expected economic data, which reignited inflation fears and triggered widespread corrections. Despite the volatility, Bitcoin appears to be following a familiar historical cycle that could signal the start of a new bullish leg, potentially driving its price toward $125,000 in the coming months. Bitcoin mirrors past cycles, signaling a breakout Notably, an analysis by TradingShot highlights striking similarities between Bitcoin’s current consolidation and past cycle movements. The cryptocurrency has been trading sideways since hitting a double all-time high (ATH) in December 2024 and…