Author: NBTC

The second-largest cryptocurrency by market capitalization Ethereum ($ETH) has seen demand for it skyrocket to its second-highest level on record, as permanent holders accumulated 298,000 ETH worth $1.04 billion, in a single day. That’s according to CryptoQuant’s head of research Julio Moreno, who noted on the microblogging platform X (formerly known as Twitter) that it came close to the record daily buying, which occurred last September and saw permanent ETH holders accumulate 317,000 tokens. Ethereum demand has spiked.Buying by permanent holders was the second highest on record yesterday: 298K ETH.The record daily buying was last September 11: 317K ETH. pic.twitter.com/0qMVpNU8ht…

A new move came from Ethereum (ETH) co-founder Vitalik Buterin, who positively affected the market and the price of the relevant altcoin with his shares and statements. Finally, Vitalik Buterin, who supported the altcoin named Railgun (RAIL), enabled an unprecedented increase of up to 240% in the price of RAIL. At this point, Buterin supported RAIL with his post from his X account, while also praising its innovative privacy pools protocol. Prior to this post, Arkham revealed that Vitalik Buterin (vitalik.eth) transferred 100 ETH (approximately $325,000) to Railgun today, while Chinese journalist Wu Blockchain reported that for the past six…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Since its launch in 2009, Bitcoin has emerged as a hedge against inflation. Some countries like El Salvador even made it a legal tender. In March 2024, the market valuation of BTC’s circulating supply reached $1.4 trillion, surpassing silver to become the 8th most valuable property globally. You might also like: Defi builders must choose their bridge wisely | Opinion Despite BTC’s dominance over other cryptocurrencies, most of BTC remained dormant in user wallets. BTC’s huge liquidity…

Analyst Michaël van de Poppe has expressed a bullish outlook for Ethereum (ETH) and related tokens, anticipating a price surge as the approval of Ethereum spot exchange-traded funds (ETFs) looms. In a recent update on X (formerly Twitter), Poppe conveyed his confidence in ETH despite ongoing bearish pressure in the market. #Ethereum has corrected in the past three weeks, but slowly but surely, the momentum toward listing the Ethereum ETF will start to emerge.The expectation is that the ETF will go live in July.I’m betting on the ETH ecosystem and it holds a crucial support level. pic.twitter.com/BfUQt4hRiX — Michaël van…

NiceHash, a leading Bitcoin hashing power marketplace, has partnered with Marathon Digital Holdings to introduce new custom firmware for ASIC miners on its platform. The new product, NiceHash Firmware, will leverage Marathon’s technology to enhance the efficiency and revenue of Bitcoin miners using ASIC devices. Miners who adopt this firmware will benefit from a low fee of 2%, which drops to 1.4% if they use NiceHash as their primary mining pool. NiceHash Firmware aims to maximize miners’ profits by offering rewards for selling excess hashing power on its marketplace and boosting their ASIC machine’s efficiency. The firmware’s features include an…

The landscape of Bitcoin-related exchange-traded funds (ETFs) experienced notable fluctuations today, with a dramatic increase in net inflows contrasting sharply with significant outflows from some key players. 🚨 $BTC #ETF Net Inflow May 31, 2024: +$49M!• The net inflow has been positive for 14 consecutive trading days.• #Grayscale (GBTC) experienced an outflow of $124.3M, the highest level in the past 21 trading days.• The single-day inflow of #BlackRock (IBIT) rebounded… pic.twitter.com/2YkXYJXv62 — Spot On Chain (@spotonchain) June 1, 2024 The Bitcoin ETF sector saw a net inflow of $49 million on May 31, marking a positive trend that has persisted…

Enjin has announced a partnership with George Murphy and The Rising Suns. The objective is to expand the reach to a billion users of NFT via the Enjin ecosystem. This marks the first time for George Murphy as he ventures into the segment of non-fungible tokens. They will collectively work to offer tokenized vinyl records. Two more partners are involved in the development – New York Culture Club and The Squirrel. The former specializes in integrating NFC chips into items while the latter is the NFT.io hosted by Kevin and Bob. The mechanism of the partnership is pretty simple. The…

Hear me out. As I never tire of pointing out in meetings, there’s nothing you can do with a blockchain that you can’t also do faster and cheaper with a traditional centralized computing infrastructure. While blockchains have generated some very cool new approaches to products and services, including tokenization and smart contracts, they can all be replicated in a centralized system. The essential, irreducible value proposition of a blockchain is true decentralization. Everything else is optional. For enterprise users, I believe that value proposition is tied to a well-founded fear of the power of centralized market operators and the path…

GMX, a prominent player in the realm of dynamic opinion and continuous prediction markets, is charting new territory with the introduction of Single-Token Pools on its V2 platform. Initiating withandliquidity pools, GMX leverages the opBNB chain on Arbitrum to transform the BNB CHAIN ecosystem, providing its users with enhanced trading experiences. Scaling New Heights with opBNB The decision to integrate with opBNB chain—an Optimistic Roll-up L2 solution—reflects GMX’s commitment to offering its users the pinnacle of scalability and efficiency. This transition paves the way for transactions that are not only faster but also more economical, embodying the seamless experience that…

Bitcoin mining giant Riot Platforms continues to buy more Bitfarms shares after its bid to buy the company outright was rejected. Toronto-based Bitfarms said Riot’s April takeover attempt undervalued the company. At that time, the Colorado-headquartered miner offered to purchase Bitfarms’ remaining shares for $2.30 each. Bitfarms’ share price was $2.81 before the market opened Friday. Despite that, Riot continues to snatch up Bitfarms shares, buying roughly 1.4 million more for nearly $3.9 million on Thursday. In all, Riot now owns 14% of the company’s shares. Read more: A deeper look at Riot’s ‘hostile’ bid to take over Bitfarms Riot…