Author: NBTC
Leading the charge in the cryptocurrency realm, NiceHash, the premier hashrate marketplace, has unveiled plans for the inaugural Bitcoin conference in Maribor. Dubbed NiceHashX, the event is slated to take place on November 8 and 9, marking a significant milestone for the Slovenian-based company, which was founded by two local students in 2014. Titled the ‘Bitcoin Conference on the Sunny Side of the Alps,’ NiceHashX aims to spotlight Maribor and Slovenia as burgeoning hubs for Bitcoin adoption within Europe. With over 1,000 businesses across the country already accepting Bitcoin payments, the conference seeks to shed light on the vibrant ecosystem…
The broader crypto market bloodbath has triggered an unexpected race for survival among Ethereum (ETH) whale investors. According to insights from crypto analytics platform Lookonchain, amid the intensive price slump, many traders are about to face liquidations, as the ETH price falls to a 24-hour low of $2,839.82. Moving against potential liquidation In the trading world, the market dynamics are always notably different. One common trend is that traders generally borrow money with leverage, and price fluctuations often push these investors into losses or profits. In line with these harsh market conditions, Lookonchain said three whales deposited 28,558 ETH worth…
The crypto assets market has grown remarkably over the past 15 years, peaking at a $3 trillion valuation in 2021, with over 26,000 listed cryptocurrencies. This growth has attracted retail and high-net-worth investors, family offices, university endowments, and even pension plans. The entry of reputable TradFi firms such as Goldman Sachs, Fidelity, and Blackrock into the crypto space underscores the growing institutional acceptance and maturity of digital assets and has facilitated broader market participation. Despite the strong demand for digital assets, there is still debate as to how to best to gain optimal exposure and manage risks. Many investors hold…
XRP, the seventh largest cryptocurrency by market cap has witnessed a significant 100% surge in inflows, with a whopping $185 million pouring into digital asset investment products in the past week. According to the most recent CoinShares report, digital asset investment products saw inflows for the fourth consecutive week totaling $185 million. May saw $2 billion in inflows, pushing year-to-date inflows past the $15 billion mark for the first time on record. Inflows to Bitcoin were $148 million, while XRP received $0.8 million. Quite notable is the fact that in the prior week, XRP saw $0.4 million, which represents a…
Play-to-earn (P2E) games quickly came on the scene, but they failed. Why? P2E games tried to bring gamers into crypto, which we’ve all learned is not the key to trust nor mass adoption. Instead, the focus has shifted. Give crypto-enthusiasts what they want: a way to earn crypto quickly and easily. While traditional P2E models often require complex gameplay and significant time investments, so-called “Tap-to-Earn” games offer a more accessible and engaging approach. By utilizing the social layers, such as Telegram, that live at the hands of consumers and tap into (no pun intended) where people already spend their time,…
Power Browser has announced a new integration with OKX Wallet, simplifying access to the Power Points Dashboard. This integration allows for seamless connection of OKX Wallet to the Power Points account. It will enable the earning of points during web activities on Power Browser. 🤝📢 𝐏𝐨𝐰𝐞𝐫 𝐏𝐨𝐢𝐧𝐭𝐬 + 𝐎𝐊𝐗 𝐖𝐚𝐥𝐥𝐞𝐭 𝐈𝐧𝐭𝐞𝐠𝐫𝐚𝐭𝐢𝐨𝐧We’re delighted to announce the integration of Power Browser with @OKXWeb3! This integration makes it effortless to access the Power Points Dashboard 🌐Connect your OKX wallet to the Power Points account… pic.twitter.com/ufWgVZ81oM — Power Browser | Power Points is live 💰 (@PowerBrowser) July 6, 2024 Power Browser Enhances Functionality with…
Canadian Bitcoin mining company HIVE Digital has released a June financial report, revealing it has increased its reserves to 2,503 BTC stored on the balance sheet. HIVE Digital Technologies, the Vancouver-based Bitcoin mining company, seems unaffected by the recent miner capitulation that caused Bitcoin (BTC) to plunge below the $56,000 mark. In a Jul. 8 press release, the company revealed that as of Jul. 7, its crypto holdings on the balance sheet had increased to 2,503 BTC, a more than 2% increase compared to the prior month. In total, HIVE Digital mined 119 BTC in June, keeping the same performance…
Dubai Customs has introduced a new blockchain platform to enhance transparency in commercial operations within and across its borders, Gulf News reported July 8. The initiative seeks to bolster collaboration between government entities and the logistics industry, aligning with the Emirate’s broader blockchain strategy for digital transactions and web3 adoption. Sultan Ahmed bin Sulayem, Chairman of the Ports, Customs, and Free Zone Corporation, announced the launch as part of Dubai’s ambitious blockchain strategy. Bin Sulayem expressed pride in the launch, noting it marks a significant advancement in enhancing the efficiency of business operations in Dubai. The platform is expected to…
In less than a month following its launch on the Bitcoin (BTC) blockchain, the Bitcoin Runes protocol has seen a staggering 99% drop in daily etchings, with numbers plummeting from a peak of 23,061 to just 157. Launched on April 20 to coincide with Bitcoin’s fourth halving event, the Runes protocol initially had robust activity. However, recent data from Dune Analytics has highlighted a sharp decline, raising concerns about its sustainability and the impact on miners’ revenues. Launched less than 30 days ago, the Bitcoin Runes has recorded a massive decline in activity. According to data sourced from Dune Analytics,…
In a recent tweet, renowned economist and cryptocurrency skeptic Peter Schiff predicted a significant drop for Ethereum, forecasting a crash to $1,500. Schiff noted that Ethereum is also breaking through key support levels, having previously said a similar thing about Bitcoin. Currently trading below $2,900, Ethereum has already fallen 30% from its March high. Schiff pointed out that the market appears to be reacting prematurely to the anticipated launch of an Ethereum ETF. “It looks like those buying the Ether ETF rumors couldn’t wait for the fact to sell,” he commented, suggesting that investors who had driven up the price…