Author: NBTC
Dogecoin surged by 17% over the past three days, showcasing strong bullish momentum. Bulls quickly regained control after a dip, leveraging support from the 20-day EMA and previous breakout zones. Technical analysis indicates a positive trajectory, with Dogecoin forming higher highs and higher lows. Dogecoin (DOGE) has experienced a notable uptrend with an impressive 17% increase in its value over the past three days. After dipping below the 20-day EMA, Dogecoin swiftly bounced back, demonstrating robust bullish momentum. Despite efforts from bears to challenge the emerging bullish sentiment after reaching a fresh swing high, the bulls quickly regained control, utilizing…
Ahead of the looming Bitcoin halving, miners must soon confront the new reality of a potential substantial drop in profitability. This dynamic has spurred the reevaluation of miners’ relationship with energy, which is their largest input cost. With block subsidies being reduced by half, miners can no longer be passive energy consumers. Instead, they must evolve into strategic energy partners that create new forms of value to ensure they thrive amidst the evolving bitcoin mining landscape. To bolster profit margins, miners have traditionally prioritized low-cost energy sources. The Bitcoin halving will only intensify this pursuit, compelling miners to explore unconventional…
Automata Network, a platform that provides private web facilities to dApps, has recently announced an exclusive development. The company has disclosed the launch of Horizen EON, an EVM-compatible sidechain that runs a smart contract forum focusing on scalability, on 1RPC. 1RPC operates as a Web3 relay that intends to safeguard the privacy of the consumers. EON Launches on 1RPC, Says Automata Network The company disclosed the development in a recent blog post. The firm mentioned that 1RPC shields the metadata of the consumers from any leakage and exposure. In addition to this, the company has revealed that 1RPC has effectively…
Bitcoin Exchange-Traded Funds (ETFs) experienced a remarkable trading day on March 12, with a record-breaking purchase of 14,261 bitcoins. The figure not only surpasses the initial enthusiasm witnessed during the ETFs’ launch but also sets a new high for market engagement. The method for calculating these Bitcoin purchases involves dividing the daily monetary inflow by Bitcoin’s average price, highlighting the ETFs’ significant role in the market. After experiencing a downturn in inflows that coincided with a reduction in Bitcoin’s price, the ETFs have shown a strong rebound. Current trends indicate not just a recovery but an ongoing increase in investments.…
The next World Expo 2025 in Osaka promises to be a showcase of innovation and technology, and XRP Ledger is set to partake. Ripple Vice President Emi Yoshikawa has expressed excitement as the Japanese financial giant SBI Group will be using XRP Ledger to mint visitor NFTs for the event. This move is a key milestone for Ripple and the wider usage of blockchain technology. Yoshikawa, Ripple’s VP of Corporate Strategy and Operations, took to social media to share the details of this historic milestone. Official NFTs (“MYUAKU-N”) minted on the XRP Ledger will be distributed to millions of visitors…
Cryptocurrency analyst Benjamin Cowen is expressing bearish sentiment on Ethereum (ETH) relative to Bitcoin (BTC) over the short to medium term. In a new video, Cowen tells his 799,000 YouTube subscribers that the Ethereum/Bitcoin (ETH/BTC) pair has further room to fall. “My base case at this point in time is that Ethereum/Bitcoin bottoms this summer, Ethereum/US dollar bleeds a little bit longer and then at some point later this year or early next year the Federal Reserve will turn the money printer back on. And then you will see a bull phase for the Ethereum/Bitcoin valuation. But I don’t think…
Solana has been thriving with its native token SOL reaching new yearly highs, the emergence of meme coins on the network, and token airdrops from prominent DeFi projects. Interestingly, news of an anonymous airdrop hunter has stolen the spotlight. He has amassed an impressive collection of tokens, becoming a focal point for those eager to discover the next big airdrop on Solana. Solana Airdrop Hunter May Reveal Hidden Gems This Solana airdrop hunter’s success is highlighted by his receipt of the most recent token airdrops. These include a staggering $261,000 in Jupiter (JUP) tokens, $205,000 in Tensor (TNSR) tokens, and…
Rewards associated with mining Bitcoin are expected to halve in the coming days. Ahead of it, CleanSpark Inc (NASDAQ: CLSK) is down close to 30% versus its year-to-date high. Is Bitcoin halving a negative for CleanSpark stock? While many believe the halving event may be a negative for miners including $CLSK – analysts at Bernstein argue the opposite is a possibility as well. That’s because the investment firm forecasts BTC to hit $150,000 by the end of next year on the back of halving and the recently approved spot exchange-traded funds. Such an upside in the world’s largest cryptocurrency may…
Highlights from Jimmy Song’s new technical workshop, Programming Taproot. Last month I attended the maiden voyage of Programming Taproot, a new workshop that Bitcoin developer Jimmy Song just launched. He held the one-day workshop in Bitcoin Commons in downtown Austin. It is a follow-up on his successful two-day Programming Blockchain workshop that he runs around the world, which eventually became the basis for his excellent book Programming Bitcoin. I’ll discuss the highlights of the workshop and the main ideas. [This post is more technical than others. Don’t be scared. Even if you don’t understand everything, save this post and come…
A notable development has occurred in the Bitcoin (BTC) ecosystem, potentially signaling a significant shift in the asset’s availability and market perception. Nic Puckrin, the renowned CEO of Coin Bureau, recently highlighted a phenomenon on the Bitcoin market that could indicate an early supply shock, previously anticipated to occur post-halving. Puckrin’s observations, shared on X (formerly Twitter), point out a substantial accumulation of Bitcoin by spot Exchange Traded Funds (ETFs) in the United States, which has surpassed the rate at which new coins are being mined. According to the data he shared, there has been a cumulative net inflow of…